Every material Form 8-K LINDBLAD EXPEDITIONS HOLDINGS, INC. has filed with the SEC since August 03, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lindblad Expeditions reported third quarter 2026 tour revenues up 12% to $269.2 million and net income available to stockholders of $24.2 million, or $0.36 per diluted share, compared with a net loss of $49 thousand a year earlier. Adjusted EBITDA rose 12% to $64.1 million, and the company set full-year 2026 guidance of $870 to $885 million in tour revenues and $142 to $148 million in Adjusted EBITDA.
Third quarter tour revenues were $269.2 million, up $29.0 million, or 12%, from the same period in 2025.
Net income available to stockholders was $24.2 million, or $0.36 per diluted share, versus a net loss of $49 thousand in Q3 2025.
Full-year 2026 outlook: tour revenues of $870 to $885 million and Adjusted EBITDA of $142 to $148 million.
As of October 31, 2026, $23.0 million of the $35.0 million stock repurchase plan had been used, with $12.0 million remaining.
Lindblad Expeditions acquired a 60% controlling interest in White Desert, PNR Airways and Echo Charlie for about $61 million in cash, plus about $6 million for balance-sheet cash, subject to customary true-up adjustments. The company also raised its full-year 2026 revenue, net yield and Adjusted EBITDA guidance to reflect the deal and continued strong performance across the business.
60% controlling interest in White Desert, PNR Airways and Echo Charlie for about $61 million cash, plus about $6 million for balance-sheet cash
Options to buy the remaining equity in two equal tranches, exercisable within 30 days of December 31, 2030 and 2031, priced on the companies' EBITDA at the time
Updated 2026 guidance: tour revenues of $850 - $880 million, net yield per available guest night of 5.5% - 6.5%, Adjusted EBITDA of $140 - $148 million
CEO Natalya Leahy called the transaction the largest in the company's history
Lindblad Expeditions reported second-quarter 2026 tour revenues of $199.2 million, up 19% from a year earlier, and a net loss available to stockholders of $1.4 million, or $0.02 per diluted share, compared with a $9.7 million loss, or $0.18 per share, in the second quarter of 2025. Adjusted EBITDA rose 31% to $32.5 million, and the company reiterated full-year 2026 guidance of $830 million to $860 million in tour revenues and $130 million to $140 million in Adjusted EBITDA.
Q2 2026 tour revenues $199.2 million, up 19%; Lindblad segment occupancy rose to 91% from 86%
Net loss available to stockholders narrowed to $1.4 million from $9.7 million; diluted loss per share $0.02 versus $0.18
Adjusted EBITDA $32.5 million, up 31%; cash and restricted cash $364.9 million at June 30, 2026
2026 outlook: tour revenues $830 million to $860 million and Adjusted EBITDA $130 million to $140 million
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