Lindblad Expeditions Holdings Inc. filings document the formal disclosures of an operating company in expedition cruises and adventure travel. Recent Form 8-K reports cover quarterly and annual financial results, segment performance for Lindblad and Land Experiences, debt refinancing activity, senior secured notes, and the completed conversion of Series A Convertible Preferred Stock into common stock.
The company’s proxy materials describe annual meeting matters, director elections, executive compensation votes, auditor ratification, and stockholder voting procedures. Other filings record governance and management changes, compensation arrangements for executive officers, and material agreements tied to subsidiary ownership, including Lindblad’s increased ownership interest in Natural Habitat.
BISNOW MICHAEL ELLIOTT reported acquisition or exercise transactions in this Form 4 filing.
LINDBLAD EXPEDITIONS HOLDINGS, INC. director Michael Elliott Bisnow received a grant of 3,240 shares of Restricted Stock on 2026-08-08. The award was granted at $0.00 per share under a Long-Term Incentive Plan and vests one year from the grant date, subject to continued service. After this grant, he holds 29,112 Restricted Stock shares directly, plus indirect holdings of Common Stock through Umbrella Holdings and Peak Street entities.
Lindblad Expeditions Holdings, Inc. reported strong growth for the quarter and six months ended June 30, 2026. Tour revenues rose to $199.2M for the quarter and $407.3M for the first half, up 19% and 17% year over year, respectively. First-half operating income increased to $27.6M from $15.0M, and net income attributable to the company improved to $5.1M from a loss of $7.4M, or $0.07 per diluted share versus a loss of $0.18. The second quarter itself showed a small net loss attributable to the company of $1.4M, or $0.02 per share.
Both segments contributed: the Lindblad segment grew tour revenues 16% with occupancy rising to 91–92% and higher net yield per available guest night, while the Land Experiences segment increased tour revenues 19–23% on more guests and higher revenue per guest. Consolidated Adjusted EBITDA reached $67.3M for the first half, up from $54.8M.
Liquidity strengthened with $318.9M in cash and cash equivalents plus $46.0M in restricted cash, against $675.0M of 7.00% senior secured notes and an undrawn $60.0M revolver. Unearned passenger revenues climbed to $439.9M, reflecting strong bookings. During February 2026, all 62,000 Series A preferred shares were mandatorily converted into 9,018,763 common shares, eliminating preferred dividends and what the company describes as a potential $88.0M repurchase obligation.
Lindblad Expeditions Holdings, Inc. reported improved second-quarter 2026 results, with total tour revenues of $199.2 million, up 19% year over year, and a net loss available to stockholders narrowing to $1.4 million, or $(0.02) per diluted share, from $9.7 million. Adjusted EBITDA rose 31% to $32.5 million, driven by higher profitability in both the Lindblad and Land Experiences segments.
Lindblad segment tour revenues increased 16% to $129.2 million on 12% higher capacity, a 4% rise in net yield per available guest night to $1,294, and occupancy improving to 91% from 86%. Land Experiences revenues grew 23% to $70.0 million, aided by additional trips and higher pricing. For the first six months of 2026, tour revenues rose 17% to $407.3 million and net income available to stockholders was $4.6 million, compared with a loss in 2025.
Cash, cash equivalents and restricted cash increased to $364.9 million as of June 30, 2026, supported by first-half Free Cash Flow of $93.6 million, against total debt of $675.0 million. The company provided a 2026 outlook for tour revenues of $830–$860 million and Adjusted EBITDA of $130–$140 million, and is utilizing its $35.0 million stock repurchase plan, having bought back $23.0 million of shares and warrants to date.
BlackRock, Inc. reports beneficial ownership of common stock of Lindblad Expeditions Holdings Inc. on a Schedule 13G. BlackRock states beneficial ownership of 3,821,174 shares of common stock, representing 5.8% of the outstanding class.
BlackRock reports sole voting power over 3,743,508 shares and sole dispositive power over 3,821,174 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client’s interest exceeds five percent of Lindblad’s outstanding common shares.
FMR LLC reported beneficial ownership of 6,636,712.08 shares of Lindblad Expeditions Holdings common stock, representing 10.1% of the class as of 06/30/2026. The filing is an amendment (Schedule 13G/A) that lists dispositive power held by FMR LLC and shows Abigail P. Johnson with sole dispositive power over the same 6,636,712.08 shares.
The cover data cites FMR LLC's principal office in Boston and references an attached Exhibit 99 and a Power of Attorney effective April 13, 2026. The schedule states that other persons may have rights to dividends or sale proceeds but that no other single person holds more than 5%.
Lindsay Dyson Dryden IV reports a proposed sale of 39,946 shares of Common Stock of The Charles Schwab Corporation under Form 144 on 06/04/2026. The filing lists an aggregate sale amount of $880,402.85. The filing also shows a separate line for 3,000 shares tied to equity compensation with dates 08/14/2024–08/15/2024. Shares outstanding are listed as 65,571,318 as of 06/04/2026.
LINDBLAD EXPEDITIONS HOLDINGS, INC. CEO Natalya Leahy had 9,763 shares of Common Stock withheld on June 22, 2026 to cover tax obligations, described as a tax-withholding disposition. Following this transaction, she directly holds 253,731 shares of the company’s Common Stock.
LINDBLAD EXPEDITIONS HOLDINGS, INC. director Michael Elliott Bisnow reported an open-market sale of 44,642 shares of Restricted Stock on June 17, 2026 at a weighted average price of $24.2138 per share. After this transaction, he directly holds 25,872 shares.
The footnote explains that the weighted average price reflects individual sale prices ranging from $23.84 to $24.53, and detailed breakdowns are available on request.
Lindblad Expeditions submitted a Form 144 notice regarding proposed sales of Common Stock consisting of restricted shares originally acquired as compensation. The filing lists multiple award lots with grant dates between 08/08/2018 and 08/08/2023
The entries show specific restricted stock award lot sizes such as 7,330, 3,456, 9,784, and others; the filing documents the lots and dates for proposed disposition under Rule 144 procedures.
Lindblad Expeditions Holdings, Inc. reported the results of its 2026 Annual Meeting of Stockholders. Of 65,499,714 common shares outstanding and entitled to vote as of April 14, 2026, 55,003,818 shares were represented in person or by proxy, constituting a quorum.
Stockholders elected L. Dyson Dryden, John M. Fahey, Catherine B. Reynolds and Andy Stuart as Class B directors to serve until the 2029 annual meeting. They also approved, on an advisory basis, the 2025 executive compensation program and ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2026.