LINDBLAD EXPEDITIONS HOLDINGS, INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
LIND$35.37-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets as of
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| As of September 30, 2025 | As of December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $261,781 | $183,941 |
| Restricted cash | 28,343 | 32,202 |
| Prepaid expenses and other current assets | 73,664 | 62,290 |
| Total current assets | 363,788 | 278,433 |
| Property and equipment, net | 527,609 | 518,390 |
| Goodwill | 61,145 | 59,031 |
| Intangibles, net | 17,365 | 15,923 |
| Other long-term assets | 6,627 | 5,128 |
| Total assets | $976,534 | $876,905 |
| LIABILITIES | ||
| Current Liabilities: | ||
| Unearned passenger revenues | $362,276 | $318,666 |
| Accrued expenses | 54,848 | 58,054 |
| Accounts payable | 20,650 | 13,860 |
| Lease liabilities - current | 821 | 1,845 |
| Long-term debt - current | 10 | 29 |
| Total current liabilities | 438,605 | 392,454 |
| Long-term debt, less current portion | 663,443 | 625,425 |
| Deferred tax liabilities | 2,545 | 3,537 |
| Other long-term liabilities | 745 | 1,024 |
| Total liabilities | 1,105,338 | 1,022,440 |
| Commitments and contingencies | - | - |
| Series A redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 81,821 | 78,155 |
| Redeemable noncontrolling interests | 45,968 | 29,424 |
| 127,789 | 107,579 | |
| STOCKHOLDERS’ DEFICIT | ||
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized; 62,000 Series A shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | - | - |
| Common stock, $0.0001 par value, 200,000,000 shares authorized; 55,392,217 and 54,507,977 issued, 55,294,328 and 54,376,154 outstanding as of September 30, 2025 and December 31, 2024, respectively | 6 | 6 |
| Additional paid-in capital | 127,973 | 109,473 |
| Accumulated deficit | (384,572) | (362,881) |
| Accumulated other comprehensive income | - | 288 |
| Total stockholder’s deficit | (256,593) | (253,114) |
| Total liabilities, mezzanine equity and stockholders’ deficit | $976,534 | $876,905 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.