In Q4 2025, Lindblad Expeditions increased tour revenues 23% to 183181000 and delivered Adjusted EBITDA of 14151000, while net loss available to stockholders improved to 24814000.
Lindblad Expeditions delivered a strong third quarter in 2025, with overall corporate revenue increasing by 17% to $240.2 million and achieving a new record level of adjusted EBITDA of $57.3 million. Both the Lindblad and Land Experiences segments contributed significantly to this growth. Despite a net loss available to stockholders of $49 thousand, primarily due to debt refinancing expenses, the company improved its operating results and strengthened its financial position through a successful debt refinancing.
Lindblad Expeditions delivered robust performance in Q2 2025, with a 23% increase in total tour revenues and a substantial 139% surge in Adjusted EBITDA. The growth was fueled by strong contributions from both the Lindblad and Land Experiences segments, alongside improved occupancy and net yield.
Lindblad Expeditions Holdings, Inc. delivered outstanding first-quarter results, with total revenue increasing by 17% to $179.7 million and adjusted EBITDA rising by 39% to $30.0 million. The company also saw a substantial improvement in net loss available to stockholders, reducing it to $0.04 million, and achieved a historically high net yield per available guest night of $1,521 with 89% occupancy.
Lindblad Expeditions Holdings, Inc. reported a 19% increase in fourth-quarter tour revenues to $148.6 million compared to the same period in 2023, driven by growth in both Lindblad and Land Experiences segments. The net loss available to stockholders improved by $2.3 million, and Adjusted EBITDA increased by $9.6 million.
Lindblad Expeditions Holdings, Inc. reported a strong third quarter in 2024, with a 17% increase in total revenues to $206.0 million. Net income available to stockholders increased by $16.8 million, and Adjusted EBITDA increased by 35% to $45.8 million. The company also expanded its land-based portfolio with the acquisition of Wineland-Thompson Adventures.
Lindblad Expeditions Holdings, Inc. reported a 9% increase in total revenues to $136.5 million for the second quarter of 2024. The company's net loss available to stockholders increased slightly, while Adjusted EBITDA rose by $4.2 million to $10.4 million. Strategic growth initiatives included the acquisition of two vessels for the Galápagos market and the closing of the acquisition of Wineland-Thompson Adventures.
Lindblad Expeditions reported a 7% increase in total revenue to $153.6 million for the first quarter of 2024. The company experienced growth in both Lindblad and Land Experiences segments. Net loss available to stockholders was $5.1 million, or $0.10 per diluted share, compared to a net loss of $0.4 million, or $0.01 per diluted share, in the same period last year. The company also announced the acquisition of Wineland-Thomson Adventures, Inc.
Lindblad Expeditions Holdings, Inc. reported a 6% increase in fourth-quarter tour revenues to $125.4 million compared to the same period in 2022. Net loss available to stockholders for the fourth quarter was $28.5 million, an improvement of $4.7 million. Adjusted EBITDA increased $6.6 million to $3.8 million.
Lindblad Expeditions Holdings, Inc. reported a 22% increase in total revenues to $176.0 million for the third quarter of 2023. Net income available to stockholders increased by $14.3 million to $4.5 million, and Adjusted EBITDA increased by 83% to $34.0 million. The company's Lindblad segment saw a 21% increase in available guest nights, and net yield per available guest night increased by 9% to $1,110 with an occupancy rate of 81%.
Lindblad Expeditions Holdings, Inc. reported a 37% increase in total revenues to $124.8 million for the second quarter of 2023. The company's net loss available to stockholders improved by $4.5 million, and Adjusted EBITDA increased by $12.4 million to $6.2 million. Strong reservations for future travel with bookings for 2023 43% ahead of bookings for 2019.
Lindblad Expeditions Holdings, Inc. reported a strong start to 2023, with significant increases in revenue and Adjusted EBITDA compared to 2022 and 2019. The company's strategic investments in capacity expansion and product diversification are driving strong results, with bookings for future travel significantly ahead of 2019 levels.
Lindblad Expeditions Holdings, Inc. reported its Q4 2022 financial results, featuring an increase in tour revenues to $118.0 million, up from $65.6 million in Q4 2021. However, the company experienced a net loss available to stockholders of $33.2 million, compared to a net loss of $27.8 million in the same quarter of the previous year. Adjusted EBITDA loss improved to $2.7 million from $13.7 million year-over-year.
Lindblad Expeditions Holdings, Inc. reported strong financial results for the third quarter ended September 30, 2022. Total revenue increased to $144.8 million, and Adjusted EBITDA increased to $18.6 million. Bookings for 2023 are 23% ahead of bookings for 2020 at the same point in 2019.
Lindblad Expeditions Holdings, Inc. reported a net loss available to stockholders for the first quarter of $43.0 million, or $0.85 per diluted share. Tour revenues for the first quarter were $67.8 million, an increase of $66.0 million compared to the same period in 2021. The company is optimistic about future growth, with bookings for the second half of 2022 and 2023 being significantly ahead of pre-pandemic levels.
Lindblad Expeditions Holdings, Inc. reported a strong recovery in Q4 2021, driven by the resumption of expeditions and strategic acquisitions. Tour revenues increased significantly compared to the same period in 2020, with both the Lindblad and Land Experiences segments contributing to the growth. The company's net loss improved, and Adjusted EBITDA showed positive momentum, reflecting the benefits of increased operations and cost management.
Lindblad Expeditions Holdings, Inc. reported an increase in tour revenues for the third quarter of 2021, driven by the resumption of expeditions and trips. The company saw strong bookings for future travel and expanded its fleet capacity. However, the COVID-19 pandemic continues to impact the company's financial position and results of operation.
Lindblad Expeditions resumed fleet operations in June 2021, with eight of nine owned and operated ships restarting expeditions as of July 31, 2021. The company increased total cash by $17 million through guest payments and cost reductions, ending the quarter with $160 million in unrestricted cash and $44 million in restricted cash. Bookings for 2022 are 36% ahead of bookings for 2021 at the same point a year ago.
Lindblad Expeditions Holdings, Inc. reported a decrease in tour revenues by 98% compared to the same period in 2020, driven by rescheduling expeditions due to COVID-19. The company's net loss available to stockholders was $34.5 million, or $0.66 per diluted share, compared to a net loss of $1.9 million, or $0.04 per diluted share, in the first quarter of 2020. The company has announced plans to resume ship operations for the 2021 season in Alaska and the Galapagos in June 2021.
Lindblad Expeditions Holdings, Inc. reported financial results for the fourth quarter and full year ended December 31, 2020, and announced the acquisitions of DuVine Cycling + Adventure Co. and Off the Beaten Path LLC. The company has suspended or rescheduled the majority of its expeditions departing March 16, 2020 through May 31, 2021 due to COVID-19.
Lindblad Expeditions Holdings, Inc. reported financial results for the quarter ended September 30, 2020. The company has suspended or rescheduled the majority of its expeditions departing March 16, 2020 through December 31, 2020 and has rescheduled its 2020-2021 Antarctica season due to the COVID-19 pandemic. The company ended the quarter with $129.6 million in unrestricted cash and $16.5 million in restricted cash.
Lindblad Expeditions Holdings, Inc. reported a challenging second quarter in 2020 due to the COVID-19 pandemic, which led to the suspension or rescheduling of the majority of its expeditions. The company implemented cost reduction measures to increase liquidity and amended credit agreements to defer payments and suspend financial covenants. The company is not providing full year outlook.