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LINDBLAD EXPEDITIONS HOLDINGS, INC.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

LIND$35.70+5.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized on February 26, 2026.

LINDBLAD EXPEDITIONS HOLDINGS, INC.
(Registrant)
By:/s/ Natalya Leahy
Natalya Leahy
Chief Executive Officer
(Principal Executive Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

SignatureTitleDate
/s/ Natalya LeahyChief Executive OfficerFebruary 26, 2026
Natalya Leahy(Principal Executive Officer)
/s/ Frederick GoldbergChief Financial OfficerFebruary 26, 2026
Frederick Goldberg(Principal Financial and Accounting Officer)
/s/ Elliott BisnowDirectorFebruary 26, 2026
Elliott Bisnow
/s/ L. Dyson DrydenDirectorFebruary 26, 2026
L. Dyson Dryden
/s/ Mark D. EinCo-ChairFebruary 26, 2026
Mark D. Ein
/s/ John M. Fahey Jr.DirectorFebruary 26, 2026
John M. Fahey Jr.
/s/ Pamela KaufmanDirectorFebruary 26, 2026
Pamala Kaufman
/s/ Sven LindbladFounder and Co-ChairFebruary 26, 2026
Sven Lindblad
/s/ Annette ReavisDirectorFebruary 26, 2026
Annette Reavis
/s/ Catherine B. ReynoldsDirectorFebruary 26, 2026
Catherine B. Reynolds
/s/ Alex SchultzDirectorFebruary 26, 2026
Alex Schultz
/s/ Thomas S. Smith, Jr.DirectorFebruary 26, 2026
Thomas S. Smith, Jr.
/s/ Andy StuartDirectorFebruary 26, 2026
Andy Stuart

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm (PCAOB ID 42)F-2
Consolidated Balance Sheets as of December 31, 2025 and 2024F-4
Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023F-5
Consolidated Statements of Comprehensive Loss for the years ended December 31, 2025, 2024 and 2023F-6
Consolidated Statements of Stockholders’ Deficit for the years ended December 31, 2025, 2024 and 2023F-7
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023F-8
Notes to Consolidated Financial StatementsF-9
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.