Lindblad Expeditions Holdings Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35898 (Address of principal executive offices) (Zip Code) (212) 261-9000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registered Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ Accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No As of April 27, 2026, 65,571,318shares of common stock, par value $0.0001 per share, were outstanding. LINDBLAD EXPEDITIONS HOLDINGS, INC. Quarterly Report On Form 10-QFor The Quarter Ended March 31, 2026 Table of Contents PART I. FINANCIAL INFORMATION ITEM 1.Financial StatementsCondensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025Condensed Consolidated Statements of Operationsfor the Three Months Ended March 31, 2026and2025(Unaudited)Condensed Consolidated Statements of ComprehensiveIncome (Loss)for the ThreeMonths EndedMarch 31, 2026and 2025(Unaudited)Condensed Consolidated Statements of Stockholders’Deficitfor the Three Months Ended March 31,2026and 2025(Unaudited)Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026and2025(Unaudited)Notes to the Condensed Consolidated Financial Statements (Unaudited) ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM 3.Quantitative and Qualitative Disclosures about Market RiskITEM 4.Controls and Procedures PART II. OTHER INFORMATION ITEM 1.Legal ProceedingsITEM 1A.Risk FactorsITEM 2.Unregistered Sale of Equity Securities and Use of ProceedsITEM 3.Defaults Upon Senior SecuritiesITEM 4.Mine Safety DisclosuresITEM 5.Other InformationITEM 6.Exhibits LINDBLAD EXPEDITIONS HOLDINGS, INC. AND SUBSIDIARIESCondensed Consolidated Balance Sheets(In thousands, except share and per share data) LINDBLAD EXPEDITIONS HOLDINGS, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Comprehensive Income (Loss) LINDBLAD EXPEDITIONS HOLDINGS, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Stockholders’Deficit(In thousands, except share data)(unaudited) LINDBLAD EXPEDITIONS HOLDINGS, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(In thousands)(unaudited) Lindblad Expeditions Holdings, Inc.Notes to the Unaudited Condensed Consolidated Financial Statements(Unaudited) NOTE 1—BUSINESS AND BASIS OF PRESENTATION Business Lindblad Expeditions Holdings, Inc.and its consolidated subsidiaries’ (collectively, the “Company” or “Lindblad”)mission is to offer life-changing adventures around the world and pioneering innovative ways to allow its guests to connectwith exotic and remote places. The Company’s common stock is listed on the NASDAQ Capital Market under the symbol“LIND”. The Company currently operates the following two reportable business segments: Lindblad Segment.The Lindblad segmentprimarily provides ship-based expeditions. Land Experiences Segment.The Land Experiences segment primarily provides land-based adventure experiences. Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes to the unaudited condensedconsolidated financial statements have been prepared in accordance with accounting principles generally accepted in theUnited States of America (“GAAP”) and applicable rules