LINDBLAD EXPEDITIONS HOLDINGS, INC.

Lindblad Expeditions Holdings operates expedition-based travel experiences focused on remote and naturalistic destinations worldwide. The company specializes in small-group, ship-based expeditions aboard custom-designed vessels that access difficult-to-reach regions including Antarctica, the Arctic, the Galápagos Islands, Alaska, and the Sea of Cortez. Expedition itineraries emphasize in-depth exploration supported by on-board naturalists, marine biologists, and National Geographic experts and photographers. The company maintains a formal partnership with National Geographic Partners for educational content and with World Wildlife Fund for conservation-focused travel offerings.

The business operates through two primary segments. The Lindblad segment provides marine expeditions aboard expedition vessels equipped with specialized exploration tools and infrastructure. The Land Experiences segment encompasses multiple travel formats: over 100 expedition itineraries across more than 45 countries through natural habitats-focused tours; DuVine, which offers small-group cycling and adventure tours with local guides; off-the-beaten-path hiking and wildlife-focused trips across 50 countries; and Classic Journeys, featuring curated active and private custom journeys led by local expert guides.

Based in New York, the company serves customers across North America and international markets. The expedition travel business model targets affluent leisure travelers seeking experiential, nature-based vacations with educational components and small group sizes that typically range from dozens to fewer than 200 passengers per vessel.