OneSpaWorld Holdings Limited (OSW) financial statements: income statement, balance sheet and cash flow

OneSpaWorld Holdings Limited's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), OneSpaWorld Holdings Limited reported revenue of $961.0M (+7.4% year on year) and net income of $71.6M (-1.7% year on year).

Income statement

OneSpaWorld Holdings Limited income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$961.0M	$895.0M	$794.0M	$546.3M
Cost of Revenue	$801.9M	$745.6M	$667.0M	$462.7M
Administrative	$18.1M	$18.8M	$17.1M	$15.8M
Salary, benefits and payroll taxes	$37.1M	$35.6M	$36.8M	$35.8M
Amortization of intangible assets	$16.5M	$16.6M	$16.8M	$16.8M
Restructuring expenses	$2.7M	—	—	—
Long-lived assets impairment	$3.1M	$376.0K	$2.1M	—
Total cost of revenues and operating expenses	$879.4M	$817.0M	$739.9M	$531.1M
Income from operations	$81.6M	$78.1M	$54.2M	$15.1M
Interest expense	($5.7M)	($10.0M)	($21.4M)	—
Interest income	$488.0K	$1.2M	$280.0K	—
Other expense	($348.0K)	—	—	—
Total other expense, net	($5.5M)	($1.2M)	($58.7M)	$38.6M
Income (loss) before income tax expense (benefit)	$76.1M	$76.9M	($4.5M)	$53.8M
INCOME TAX EXPENSE (BENEFIT)	$4.5M	$4.0M	($1.5M)	$624.0K
NET INCOME (LOSS)	$71.6M	$72.9M	($3.0M)	$53.2M
Basic	$0.69	$0.70	-$0.03	$0.57
Diluted	$0.69	$0.69	-$0.03	$0.49
Basic	103.2M	104.0M	97.8M	92.5M
Diluted	103.7M	104.9M	97.8M	95.1M

OneSpaWorld Holdings Limited income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$261.2M	$247.6M	$258.5M	$240.7M
Cost of Revenue	$216.7M	$206.1M	$214.9M	$201.2M
Administrative	$7.2M	$6.2M	$4.6M	$4.4M
Salaries, benefits and payroll taxes	$8.8M	$8.4M	$8.4M	$8.8M
Amortization of intangible assets	$4.1M	$4.1M	$4.1M	$4.1M
Total cost of revenues and operating expenses	$236.7M	$224.8M	$232.2M	$218.6M
Income from operations	$24.5M	$22.9M	$26.3M	$22.1M
INTEREST EXPENSE, NET	($1.1M)	$1.2M	($1.4M)	($1.4M)
Income before income tax expense	$23.4M	$21.7M	$24.9M	$20.7M
INCOME TAX EXPENSE	$226.0K	$367.0K	$578.0K	$792.0K
NET INCOME	$23.2M	$21.3M	$24.3M	$19.9M
Basic	$0.23	$0.21	$0.24	$0.19
Diluted	$0.23	$0.21	$0.23	$0.19
Basic	102.0M	102.0M	103.2M	103.2M
Diluted	102.5M	102.3M	103.6M	103.6M

Balance sheet

OneSpaWorld Holdings Limited balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$16.3M	$57.4M	$27.7M	$32.1M
Restricted cash	$1.2M	$1.2M	$1.2M	$1.2M
Accounts receivable, net	$47.9M	$46.3M	$40.8M	$33.6M
Inventories, net	$58.8M	$46.7M	$47.5M	$39.8M
Prepaid expenses	$6.2M	$3.8M	$3.2M	$7.1M
Other current assets	$7.2M	$6.0M	$6.4M	$4.2M
Total current assets	$137.7M	$161.5M	$126.7M	$117.9M
Property and equipment, net	$27.3M	$17.7M	$15.0M	$14.5M
Operating lease right-of-use assets, net	$9.7M	$13.9M	$12.1M	$13.9M
Intangible assets, net	$511.0M	$530.0M	$547.0M	$565.5M
Deferred tax assets	$325.0K	$1.2M	$2.3M	$227.0K
Other non-current assets	$21.1M	$22.1M	$3.0M	$5.4M
Total other assets	$21.4M	$23.3M	$5.3M	$5.6M
Total assets	$707.1M	$746.4M	$706.1M	$717.4M
Accounts payable	$31.8M	$29.7M	$31.7M	$24.1M
Accrued expenses	$37.4M	$41.2M	$46.0M	$40.0M
Current portion of operating leases	$2.0M	$2.6M	$2.3M	$2.2M
Other current liabilities	$771.0K	$884.0K	$899.0K	$1.1M
Total current liabilities	$72.0M	$79.4M	$80.9M	$69.6M
Other long-term liabilities	$186.0K	$7.3M	$2.4M	$2.4M
Long-term operating leases	$8.4M	$11.6M	$10.2M	$12.1M
Long-term debt, net	$84.0M	$93.6M	$158.2M	$210.7M
Total liabilities	$164.5M	$191.9M	$272.1M	$351.6M
Common stock	$10.0K	$10.0K	$10.0K	$9.0K
Additional paid-in capital	$795.9M	$834.0M	$777.1M	$700.6M
Accumulated deficit	($253.0M)	($279.9M)	($344.5M)	($338.6M)
Accumulated other comprehensive (loss) income	($321.0K)	$397.0K	$1.5M	$3.8M
Total shareholders' equity	$542.6M	$554.5M	$434.1M	$365.8M
Total liabilities and shareholders' equity	$707.1M	$746.4M	$706.1M	$717.4M

OneSpaWorld Holdings Limited balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$40.4M	$16.1M	$29.6M	$35.0M
Restricted cash	$1.2M	$1.2M	$1.2M	$1.2M
Accounts receivable, net	$53.6M	$49.3M	$47.9M	$47.3M
Inventories, net	$56.8M	$64.1M	$63.3M	$56.4M
Prepaid expenses	$8.9M	$7.7M	$6.5M	$6.1M
Other current assets	$8.3M	$5.8M	$6.9M	$7.4M
Total current assets	$169.1M	$144.1M	$155.3M	$153.4M
Property and equipment, net	$30.1M	$29.3M	$24.1M	$19.8M
Operating lease right-of-use assets, net	$8.5M	$9.1M	$12.3M	$12.9M
Intangible assets, net	$502.9M	$506.9M	$517.5M	$521.8M
Deferred tax asset	$325.0K	$325.0K	$1.2M	$1.2M
Other non-current assets	$18.9M	$20.1M	$22.2M	$22.8M
Total other assets	$19.2M	$20.5M	$23.4M	$24.0M
Total assets	$729.8M	$709.9M	$732.6M	$731.8M
Accounts payable	$21.7M	$25.4M	$34.6M	$33.1M
Accrued expenses	$34.3M	$29.3M	$46.6M	$40.0M
Current portion of operating leases	$1.5M	$1.8M	$2.4M	$2.5M
Other current liabilities	$641.0K	$747.0K	$767.0K	$794.0K
Total current liabilities	$58.2M	$57.2M	$84.3M	$81.4M
Other long-term liabilities	$105.0K	$82.0K	$154.0K	$218.0K
Long-term operating leases	$7.7M	$8.1M	$10.2M	$10.7M
Long-term debt, net	$81.6M	$82.8M	$85.2M	$91.2M
Total liabilities	$147.6M	$148.1M	$179.8M	$183.5M
Common stock	$10.0K	$10.0K	$10.0K	$10.0K
Additional paid-in capital	$790.6M	$793.3M	$806.2M	$814.7M
Accumulated deficit	($208.7M)	($231.6M)	($252.8M)	($265.9M)
Accumulated other comprehensive income (loss)	$256.0K	$35.0K	($680.0K)	($459.0K)
Total shareholders' equity	$582.2M	$561.8M	$552.8M	$548.3M
Total liabilities and shareholders' equity	$729.8M	$709.9M	$732.6M	$731.8M

Cash flow statement

OneSpaWorld Holdings Limited cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	$71.6M	$72.9M	($3.0M)	$53.2M
Depreciation and amortization	$25.3M	$24.3M	$22.0M	$22.4M
Long-lived assets impairment	$3.1M	$376.0K	$2.1M	—
Loss on divestitures and liquidations, net	$364.0K	—	—	—
Stock-based compensation	$10.1M	$9.1M	$10.1M	$12.9M
Amortization of deferred financing costs	$419.0K	$782.0K	$1.5M	$1.1M
Provision for doubtful accounts	$18.0K	$18.0K	$59.0K	$18.0K
Noncash lease expense	$329.0K	—	$48.0K	—
Deferred income taxes	$907.0K	$1.1M	($2.1M)	($181.0K)
Accounts receivable. net	($2.6M)	($5.5M)	($7.3M)	($14.1M)
Inventories, net	($12.8M)	$756.0K	($7.7M)	($10.4M)
Prepaid expenses	($2.7M)	($677.0K)	$3.4M	($510.0K)
Other current assets	$386.0K	($1.4M)	($3.0M)	($460.0K)
Other non-current assets	($3.7M)	($22.1M)	($434.0K)	$55.0K
Accounts payable	$2.8M	($2.0M)	$7.6M	$8.3M
Accrued expenses	($10.1M)	$647.0K	$6.0M	$6.6M
Other current liabilities	($125.0K)	($15.0K)	($238.0K)	$242.0K
Other long-term liabilities	$81.0K	$7.3M	—	—
Net cash provided by operating activities	$83.5M	$78.8M	$63.4M	$24.8M
Capital expenditures	($15.1M)	($6.7M)	($5.4M)	($4.8M)
Cash disposed of in connection with divestiture	($1.6M)	—	—	—
Net cash used in investing activities	($16.7M)	($6.7M)	($5.4M)	($4.8M)
Repurchase of common shares	-75.4M	-19.0M	-9.0M	—
Repayment on first and second lien term loan facilities	($15.0M)	($159.6M)	($56.0M)	($18.8M)
Dividends	($17.5M)	($8.3M)	—	—
Payment of deferred financing costs	($9.0K)	($1.5M)	—	—
Net cash used in financing activities	($107.9M)	($42.2M)	($62.7M)	($18.7M)
Effect of exchange rate changes on cash	($21.0K)	($112.0K)	$337.0K	($792.0K)
Net (decrease) increase in cash, cash equivalents and restricted cash	($41.1M)	$29.7M	($4.4M)	$429.0K
Cash, cash equivalents and restricted cash, Beginning of period	$58.6M	$28.9M	$33.3M	$32.8M
Cash, cash equivalents and restricted cash, End of period	$17.5M	$58.6M	$28.9M	—
Income taxes	$2.9M	$3.3M	$4.7M	$434.0K
Interest	$6.1M	$11.4M	$21.3M	$14.0M
Receivable recorded in connection with divestitures of subsidiaries	$2.3M	—	—	—

OneSpaWorld Holdings Limited cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$44.5M	$21.3M	$59.6M	$35.2M
Depreciation and amortization	$14.1M	$6.7M	$18.8M	$12.4M
Amortization of deferred financing costs	$143.0K	$68.0K	$356.0K	$154.0K
Stock-based compensation	$5.0M	$2.6M	$7.8M	$5.7M
Provision for doubtful accounts	$7.0K	$3.0K	$14.0K	$9.0K
Noncash lease expense	($19.0K)	($8.0K)	$12.0K	$14.0K
Accounts receivable, net	($5.7M)	($1.3M)	($1.7M)	($1.1M)
Inventories, net	$2.1M	($5.2M)	($16.5M)	($9.7M)
Prepaid expenses	($2.7M)	($1.5M)	($2.6M)	($2.2M)
Other current assets	($2.0M)	$308.0K	($1.3M)	($1.6M)
Other non-current assets	($524.0K)	($1.0K)	($3.7M)	($3.2M)
Accounts payable	($10.1M)	($6.4M)	$4.8M	$3.3M
Accrued expenses	($2.4M)	($7.4M)	($2.0M)	($8.5M)
Other current liabilities	($121.0K)	($15.0K)	($117.0K)	($90.0K)
Other long-term liabilities	$22.0K	($1.0K)	$0	$0
Net cash provided by operating activities	$42.4M	$9.1M	$63.6M	$30.4M
Capital expenditures	($6.6M)	($4.3M)	($10.0M)	($4.4M)
Cash received in connection with divestiture	$1.3M	$1.3M	—	—
Net cash used in investing activities	($5.3M)	($3.0M)	($10.0M)	($4.4M)
Repurchase of common shares	-379.0K	0	-55.5M	-37.9M
Repayment on first lien and term loan facilities	($2.5M)	($1.3M)	($13.8M)	($2.5M)
Payment of deferred financing costs	$0	$0	($9.0K)	($9.0K)
Dividends	($10.2M)	($5.1M)	($12.4M)	($8.3M)
Net cash used in financing activities	($13.0M)	($6.3M)	($81.7M)	($48.7M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$8.0K	$19.0K	$272.0K	$319.0K
Net increase (decrease) in cash, cash equivalents and restricted cash	$24.1M	($230.0K)	($27.9M)	($22.4M)
Cash, cash equivalents and restricted cash, Beginning of period	$17.5M	$17.5M	$58.6M	$58.6M
Cash, cash equivalents and restricted cash, End of period	$41.6M	—	$30.8M	$36.2M
Income taxes	$1.4M	$491.0K	$2.0M	$1.9M
Interest	$2.4M	$1.2M	$4.8M	$3.2M

OneSpaWorld Holdings Limited score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.