ONESPAWORLD HOLDINGS Ltd OSW
At our core, we are a global services company. We are the market leader in the highly attractive outsourced maritime health and wellness market, with a market share we estimate exceeds 90%. Over the last 50 years, we have built our leading market position on our depth of staff expertise; broad and innovative service and product offerings; expansive global staff recruitment, training and logistics platforms; global operations infrastructure; and decades-long relationships with cruise line and destination resort partners. Throughout our history, our mission has been simple: helping guests look and feel their best during and after their stay. We serve a critical role for our cruise line and destination resort partners, operating a complex and increasingly important aspect of their overall guest experience. Our decades of investment and know-how have allowed us to construct an unmatched global infrastructure to manage the complexity of our operations. We have consistently expanded our onboard offerings with innovative, leading-edge service and product introductions, and developed powerful staff recruiting, training and logistics platforms, increasingly powered by emerging technologies, including generative and agentic artificial intelligence applications, and global operations infrastructure to manage our operational complexity, maintain our industry-leading quality standards and maximize revenue per health and wellness center. The combination of our renowned recruiting and training platform, deep labor pool, global logistics and supply chain infrastructure and proven revenue management capabilities represents a significant competitive advantage that we believe is not economically feasible to replicate. These competitive advantages served our business well during the recent challenging times for our industry.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Not connected to a country
- Other
- U.S.
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Not connected to a country | $925.8M | $854.5M | $750.7M |
| Other | $19.5M | $22.7M | $23.3M |
| U.S. | $15.7M | $17.8M | $20.0M |
As the company reported it, from the “Segment and Geographic Information - Summary of Geographic information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $961.0M | $895.0M | $794.0M | $546.3M | $144.0M | $120.9M | — | $540.8M | $506.7M | — |
| SG&A | $18.1M | $18.8M | $17.1M | $15.8M | $15.5M | $19.0M | — | $9.9M | $9.2M | — |
| Total operating expenses | $879.4M | $817.0M | $739.9M | $531.1M | $196.1M | $385.9M | — | $492.3M | $468.4M | — |
| Operating income | $81.6M | $78.1M | $54.2M | $15.1M | -$52.1M | -$265.0M | — | $48.5M | $38.3M | — |
| Interest expense | $5.7M | $10.0M | $21.4M | $15.8M | $13.5M | $14.7M | — | $34.1M | — | — |
| Pre-tax income | $76.1M | $76.9M | -$4.5M | $53.8M | -$68.1M | -$287.2M | — | $14.8M | $38.5M | — |
| Income tax | $4.5M | $4.0M | $1.5M | $624.0K | $429.0K | $814.0K | — | $1.1M | $5.3M | — |
| Net income | $71.6M | $72.9M | -$3.0M | $53.2M | -$68.5M | -$288.0M | — | $9.9M | $31.1M | — |
| EPS, basic | 0.69 | 0.70 | -0.03 | 0.57 | -0.76 | -3.87 | — | — | — | — |
| EPS, diluted | 0.69 | 0.69 | -0.03 | 0.49 | -0.76 | -3.87 | — | — | — | — |
| Shares, diluted (wtd. avg.) | 103.7M | 104.9M | 97.8M | 95.1M | 90.1M | 74.4M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $16.3M | $57.4M | $27.7M | $32.1M | $30.9M | $41.6M | $13.9M | $15.3M | — | — |
| Receivables | $47.9M | $46.3M | $40.8M | $33.6M | $19.5M | $3.0M | $30.5M | $25.4M | — | — |
| Inventory | $58.8M | $46.7M | $47.5M | $39.8M | $29.5M | $27.2M | $36.1M | $32.3M | — | — |
| Total current assets | $137.7M | $161.5M | $126.7M | $117.9M | $88.9M | $82.2M | $90.7M | $81.0M | — | — |
| Property, plant and equipment | $27.3M | $17.7M | $15.0M | $14.5M | $14.1M | $17.1M | $22.7M | $16.2M | — | — |
| Goodwill | — | — | — | — | — | — | $190.1M | $33.9M | — | — |
| Other intangibles | $511.0M | $530.0M | $547.0M | $565.5M | $582.3M | $599.1M | $616.6M | $131.5M | — | — |
| Total assets | $707.1M | $746.4M | $706.1M | $717.4M | $688.9M | $702.3M | $923.7M | $272.7M | — | — |
| Accounts payable | $31.8M | $29.7M | $31.7M | $24.1M | $15.8M | $8.6M | $23.4M | $7.6M | — | — |
| Short-term debt | — | $5.0M | — | $2.1M | $1.8M | — | — | — | — | — |
| Total current liabilities | $72.0M | $79.4M | $80.9M | $69.6M | $51.9M | $37.1M | $51.4M | $43.2M | — | — |
| Long-term debt | $84.0M | $93.6M | $158.2M | $210.7M | $228.7M | $229.4M | $221.4M | $352.4M | — | — |
| Total liabilities | $164.5M | $191.9M | $272.1M | $351.6M | $395.0M | $381.5M | $329.7M | $330.5M | — | — |
| Retained earnings | -$253.0M | -$279.9M | -$344.5M | -$338.6M | -$391.8M | -$323.2M | -$30.4M | -$30.4M | — | — |
| Total equity | $542.6M | $554.5M | $434.1M | $365.8M | $293.9M | $320.8M | $590.5M | -$127.6M | $225.3M | $244.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $83.5M | $78.8M | $63.4M | $24.8M | -$35.1M | -$36.5M | — | $32.4M | $70.1M | — |
| Depreciation and amortisation | $25.3M | $24.3M | $22.0M | $22.4M | $22.5M | $24.5M | — | $10.1M | $9.8M | — |
| Stock-based compensation | $10.1M | $9.1M | $10.1M | $12.9M | $10.6M | $5.0M | — | — | — | — |
| Capital expenditure | $15.1M | $6.7M | $5.4M | $4.8M | $2.9M | $2.1M | — | $5.0M | $2.7M | — |
| Investing cash flow | -$16.7M | -$6.7M | -$5.4M | -$4.8M | -$2.9M | -$2.1M | — | -$5.0M | -$2.7M | — |
| Financing cash flow | -$107.9M | -$42.2M | -$62.7M | -$18.7M | $27.5M | $68.5M | — | -$20.6M | -$65.5M | — |
| Dividends paid | $17.5M | $8.3M | — | — | — | $2.4M | — | — | — | — |
| Buybacks | $75.4M | $19.0M | $9.0M | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177137.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $506.7M | $540.8M | — | $120.9M | $144.0M | $546.3M | $794.0M | $895.0M | $961.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | $31.1M | $9.9M | — | -$288.0M | -$68.5M | $53.2M | -$3.0M | $72.9M | $71.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7997
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|---|---|---|---|---|
| LTH | Life Time Group Holdings, Inc. | $9.37B | 25.3x | 14.3% |
| PUSA | Aureus Greenway Holdings Inc | $52.8M | — | -10.1% |
| PLNT | Planet Fitness, Inc. | — | — | 12.1% |