What is the status of Lindblad's current stock repurchase plan?

Lindblad has a $35 million repurchase authorization in place. As of July 31, 2026, the company had deployed $23 million to repurchase 875,218 shares and 6 million warrants, leaving $12 million of authorization remaining. The filing does not specify when the original authorization was approved or its original expiration date.

How much of the company's current share count does the repurchase represent?

The 875,218 shares repurchased represent approximately 1.3% of the 65.6 million shares outstanding as of July 27, 2026. The repurchase program also included 6 million warrants, which are separate instruments and not reflected in share count.

What was the average price paid per share in the repurchase program?

The filing does not disclose the average price per share or the timing of repurchases. Total spend was $23 million on shares and warrants combined, but individual pricing details and execution dates are not provided in this earnings release.

Does Lindblad have capacity to continue or complete the repurchase authorization?

Yes. The company reported $364.9 million in cash and cash equivalents plus restricted cash as of June 30, 2026, and generated $108.5 million in net operating cash flow in the first half of 2026. With $12 million remaining under authorization, Lindblad has adequate liquidity to deploy the remaining amount if management chooses to do so.

Did Lindblad announce a new repurchase authorization in this filing?

No. This filing discloses the status of an existing $35 million plan but does not announce a new authorization, expansion, or amendment. The company updated shareholders on cumulative repurchase activity as of July 31, 2026 as part of its second-quarter earnings disclosure.

LIND 8-K Filed 2026-08-03 Execution disclosure

Lindblad Expeditions reports $12M remaining in $35M share repurchase plan

Company has repurchased 875K shares and 6M warrants as of July 31, 2026; $23M deployed to date.

Shares repurchased875K

Remaining$12M

MechanismNot specified

What the filing says

Lindblad Expeditions Holdings, Inc. disclosed ongoing execution of its $35.0 million stock repurchase plan in its second-quarter 2026 earnings press release filed August 3, 2026. As of July 31, 2026, the Company had repurchased 875,218 common shares and 6.0 million warrants under the plan for a total aggregate cost of $23.0 million, leaving $12.0 million remaining under the authorization.

The repurchase program represents a capital allocation mechanism deployed alongside strong operational performance in the first half of 2026. The Company reported second-quarter tour revenues of $199.2 million (up 19% year-over-year), improved net loss of $1.4 million ($0.02 per diluted share), and Adjusted EBITDA of $32.5 million (up 31%). The company maintains a cash position of $364.9 million as of June 30, 2026.

The Company did not announce any new authorization, expansion, or amendment to the existing repurchase plan in this filing. The disclosure appears in the earnings release as a standard update on plan status, indicating approximately 67% of the authorized $35.0 million has been deployed through purchase of equity shares and warrant instruments.

The Company currently has a $35.0 million stock repurchase plan in place. As of July 31, 2026, the Company had repurchased 875,218 shares and 6.0 million warrants under the plan for a total of $23.0 million and had $12.0 million remaining under the plan. — LINDBLAD EXPEDITIONS HOLDINGS, INC. 8-K filing · View on SEC EDGAR →

What this means

Lindblad has deployed roughly two-thirds of a $35 million buyback authorization over an unspecified time period, repurchasing common shares alongside warrant instruments. With $12 million remaining and 65.6 million shares outstanding as of July 27, 2026, the completed repurchases represent approximately 1.3% of current share count. The filing does not specify the execution timeline, mechanism (10b-18, ASR, or other), or detailed pricing, limiting analysis of the program's capital efficiency. The company maintains solid liquidity ($364.9M cash) and positive operating cash flow ($108.5M in H1 2026), providing flexibility to continue or complete the remaining authorization.

Frequently asked questions

What is the status of Lindblad's current stock repurchase plan?: Lindblad has a $35 million repurchase authorization in place. As of July 31, 2026, the company had deployed $23 million to repurchase 875,218 shares and 6 million warrants, leaving $12 million of authorization remaining. The filing does not specify when the original authorization was approved or its original expiration date.
How much of the company's current share count does the repurchase represent?: The 875,218 shares repurchased represent approximately 1.3% of the 65.6 million shares outstanding as of July 27, 2026. The repurchase program also included 6 million warrants, which are separate instruments and not reflected in share count.
What was the average price paid per share in the repurchase program?: The filing does not disclose the average price per share or the timing of repurchases. Total spend was $23 million on shares and warrants combined, but individual pricing details and execution dates are not provided in this earnings release.
Does Lindblad have capacity to continue or complete the repurchase authorization?: Yes. The company reported $364.9 million in cash and cash equivalents plus restricted cash as of June 30, 2026, and generated $108.5 million in net operating cash flow in the first half of 2026. With $12 million remaining under authorization, Lindblad has adequate liquidity to deploy the remaining amount if management chooses to do so.
Did Lindblad announce a new repurchase authorization in this filing?: No. This filing discloses the status of an existing $35 million plan but does not announce a new authorization, expansion, or amendment. The company updated shareholders on cumulative repurchase activity as of July 31, 2026 as part of its second-quarter earnings disclosure.

execution expedition-cruises rule-10b-18-unspecified mid-cap warrants

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.