Lindblad Expeditions Holdings (LIND) risk factors
Item 1A of every Lindblad Expeditions Holdings, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors48 risks5 new8 dropped5 reworded
Refinancing replaced 2027 and 2028 notes with a $675.0 million 7.00% note due 2030. Climate change and new environmental regulations like EU-ETS now pose direct fleet threats.
Filed Feb 26, 2026 - FY2024 10-K risk factors51 risks
Lindblad Expeditions relies heavily on its brand partnerships with National Geographic and World Wildlife Fund for marketing and conservation travel offerings. The company operates in a capital-intensive industry with significant debt obligations totaling $635.0 million as of December 2024. Operations are vulnerable to environmental disruptions, regulatory restrictions in key destinations like the Galápagos, and fluctuations in global travel demand.
Filed Feb 28, 2025