OneSpaWorld (OSW) Financials

$23.53 -0.29 (-1.22%)

Closing price 05/15/2026 04:00 PM Eastern

Extended Trading

$23.52 -0.01 (-0.04%)

As of 05/15/2026 04:10 PM Eastern

Annual Income Statements for OneSpaWorld

This table shows OneSpaWorld's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	31	9.89	-288	-69	53	-2.97	73	72
Consolidated Net Income / (Loss)	33	14	-288	-69	53	-2.97	73	72
Net Income / (Loss) Continuing Operations	33	14	-288	-69	53	-2.97	73	72
Total Pre-Tax Income	38	15	-287	-68	54	-4.50	77	76
Total Operating Income	38	49	-265	-52	15	54	78	82
Total Gross Profit	51	78	-18	8.45	84	127	149	159
Total Revenue	507	541	121	144	546	794	895	961
Operating Revenue	507	541	121	144	546	794	895	961
Total Cost of Revenue	456	463	139	136	463	667	746	802
Operating Cost of Revenue	456	463	139	136	463	667	746	802
Total Operating Expenses	13	29	247	61	68	73	71	78
Selling, General & Admin Expense	9.22	9.94	19	16	16	17	19	18
Amortization Expense	3.52	3.52	17	17	17	17	17	17
Other Operating Expenses / (Income)	-	16	20	28	36	37	36	37
Impairment Charge	-	0.00	191	0.00	0.00	2.13	0.38	3.15
Restructuring Charge	-	-	-	-	-	0.00	0.00	2.70
Total Other Income / (Expense), net	0.19	-34	-22	-16	39	-59	-1.20	-5.53
Interest Expense	0.00	0.00	0.00	13	16	21	10	5.67
Interest & Investment Income	0.41	0.24	0.03	0.06	0.00	0.28	1.17	0.49
Other Income / (Expense), net	-0.22	-34	-22	-2.60	54	-38	7.68	-0.35
Income Tax Expense	5.26	1.09	0.81	0.43	0.62	-1.53	3.99	4.49
Basic Earnings per Share	$0.00	$0.00	($3.87)	($0.76)	$0.57	($0.03)	$0.70	$0.69
Weighted Average Basic Shares Outstanding	0.00	0.00	74.36M	90.13M	92.51M	97.83M	104.02M	103.19M
Diluted Earnings per Share	$0.00	$0.00	($3.87)	($0.76)	$0.49	($0.03)	$0.69	$0.69
Weighted Average Diluted Shares Outstanding	0.00	0.00	74.36M	90.13M	95.11M	97.83M	104.94M	103.67M
Weighted Average Basic & Diluted Shares Outstanding	-	-	74.36M	90.13M	92.97M	100.38M	104.67M	101.45M

This table shows OneSpaWorld's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	23	-7.30	21	16	22	14	15	20	24	12	21
Consolidated Net Income / (Loss)	23	-7.30	21	16	22	14	15	20	24	12	21
Net Income / (Loss) Continuing Operations	23	-7.30	21	16	22	14	15	20	24	12	21
Total Pre-Tax Income	21	-6.63	22	17	23	16	16	21	25	15	22
Total Operating Income	17	13	17	19	25	17	17	22	26	16	23
Total Gross Profit	36	32	34	37	42	37	36	39	44	40	42
Total Revenue	216	195	211	225	242	217	220	241	259	242	248
Operating Revenue	216	195	211	225	242	217	220	241	259	242	248
Total Cost of Revenue	181	162	178	188	200	180	183	201	215	202	206
Operating Cost of Revenue	181	162	178	188	200	180	183	201	215	202	206
Total Operating Expenses	19	20	17	18	17	20	19	17	17	24	19
Selling, General & Admin Expense	4.67	4.35	4.06	4.74	4.24	5.79	4.21	4.41	4.57	4.87	6.20
Amortization Expense	4.21	4.21	4.14	4.14	4.14	4.14	4.13	4.13	4.13	4.11	4.07
Other Operating Expenses / (Income)	9.83	9.10	8.49	9.23	8.56	9.35	11	8.82	8.40	8.87	8.36
Total Other Income / (Expense), net	3.64	-19	4.77	-2.27	-2.50	-1.21	-1.15	-1.40	-1.38	-1.60	-1.17
Interest Expense	3.73	8.71	2.96	2.22	2.50	2.38	1.15	1.40	1.38	1.74	1.17
Income Tax Expense	-2.82	0.67	0.58	0.81	0.97	1.63	0.42	0.79	0.58	2.71	0.37
Basic Earnings per Share	$0.23	($0.06)	$0.21	$0.15	$0.21	$0.13	$0.15	$0.19	$0.24	$0.11	$0.21
Weighted Average Basic Shares Outstanding	99.96M	97.83M	101.47M	105.12M	104.88M	104.02M	104.60M	103.21M	103.16M	103.19M	101.99M
Diluted Earnings per Share	$0.16	$0.01	$0.21	$0.15	$0.20	$0.13	$0.15	$0.19	$0.23	$0.12	$0.21
Weighted Average Diluted Shares Outstanding	101.37M	97.83M	102.93M	105.77M	105.59M	104.94M	105.08M	103.62M	103.62M	103.67M	102.31M
Weighted Average Basic & Diluted Shares Outstanding	99.91M	100.38M	104.71M	104.71M	103.98M	104.67M	102.70M	102.70M	101.95M	101.45M	101.51M

This table details how cash moves in and out of OneSpaWorld's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1.94	6.85	30	-11	0.43	-4.36	30	-41
Net Cash From Operating Activities	70	32	-37	-35	25	63	79	84
Net Cash From Continuing Operating Activities	70	32	-37	-35	25	63	79	84
Net Income / (Loss) Continuing Operations	33	14	-288	-69	53	-2.97	73	72
Consolidated Net Income / (Loss)	33	14	-288	-69	53	-2.97	73	72
Depreciation Expense	9.83	10	24	22	22	22	24	25
Amortization Expense	0.00	1.24	1.03	1.03	1.10	1.46	0.78	0.42
Non-Cash Adjustments To Reconcile Net Income	12	12	209	18	-41	50	2.64	14
Changes in Operating Assets and Liabilities, net	15	-4.40	16	-7.99	-10	-7.10	-22	-28
Net Cash From Investing Activities	-2.68	-4.98	-2.13	-2.87	-4.83	-5.42	-6.74	-17
Net Cash From Continuing Investing Activities	-2.68	-4.98	-2.13	-2.87	-4.83	-5.42	-6.74	-17
Purchase of Property, Plant & Equipment	-2.68	-4.98	-2.13	-2.87	-4.83	-5.42	-6.74	-15
Divestitures	-	-	-	-	-	-	0.00	-1.64
Net Cash From Financing Activities	-65	-21	69	27	-19	-63	-42	-108
Net Cash From Continuing Financing Activities	-65	-21	69	27	-19	-63	-42	-108
Repayment of Debt	0.00	0.00	-13	0.00	-19	-56	-161	-15
Repurchase of Common Equity	-	0.00	-0.88	0.00	0.00	-9.04	-19	-75
Payment of Dividends	-65	-21	-17	0.00	0.00	0.00	-8.33	-17
Issuance of Common Equity	0.00	0.00	69	27	0.00	0.00	0.00	0.00
Other Financing Activities, net	0.00	0.00	11	0.00	0.06	2.43	146	0.00
Effect of Exchange Rate Changes	-	-	-0.28	-0.12	-0.79	0.34	-0.11	-0.02
Cash Interest Paid	0.00	30	12	13	14	21	11	6.10
Cash Income Taxes Paid	0.36	1.04	0.12	0.16	0.43	4.72	3.26	2.86

This table details how cash moves in and out of OneSpaWorld's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-1.97	0.90	38	-2.92	-14	8.78	-35	12	-5.47	-13	-0.23
Net Cash From Operating Activities	19	17	15	19	29	17	10	20	33	20	9.09
Net Cash From Continuing Operating Activities	19	17	15	19	29	17	10	20	33	20	9.09
Net Income / (Loss) Continuing Operations	23	-7.30	21	16	22	14	15	20	24	12	21
Consolidated Net Income / (Loss)	23	-7.30	21	16	22	14	15	20	24	12	21
Depreciation Expense	5.51	5.54	6.21	5.87	6.01	6.19	6.18	6.25	6.41	6.49	6.74
Amortization Expense	0.45	0.24	0.35	0.27	0.09	0.08	0.08	0.08	0.20	0.06	0.07
Non-Cash Adjustments To Reconcile Net Income	-5.32	16	-5.63	2.28	2.66	3.32	3.57	2.16	2.26	5.99	2.56
Changes in Operating Assets and Liabilities, net	-5.16	2.54	-7.15	-5.49	-1.70	-7.43	-15	-8.13	-0.06	-4.65	-22
Net Cash From Investing Activities	-0.67	-2.54	-1.21	-1.12	-1.11	-3.31	-1.70	-2.73	-5.60	-6.69	-3.02
Net Cash From Continuing Investing Activities	-0.67	-2.54	-1.21	-1.12	-1.11	-3.31	-1.70	-2.73	-5.60	-6.69	-3.02
Purchase of Property, Plant & Equipment	-0.67	-2.54	-1.21	-1.12	-1.11	-3.31	-1.70	-2.73	-5.60	-5.05	-4.35
Divestitures	-	-	-	-	-	-	0.00	-	-	-	1.33
Net Cash From Financing Activities	-20	-14	24	-20	-41	-4.35	-43	-5.36	-33	-26	-6.33
Net Cash From Continuing Financing Activities	-20	-14	24	-20	-41	-4.35	-43	-5.36	-33	-26	-6.33
Repayment of Debt	-20	-5.00	-20	-15	-126	-0.19	-1.26	-1.25	-11	-1.25	-1.25
Repurchase of Common Equity	-	-9.04	-7.74	-	-11	-	-38	-	-18	-20	0.00
Payment of Dividends	-	-	0.00	-	-	-4.16	-4.19	-4.11	-4.11	-5.06	-5.08
Other Financing Activities, net	-	0.21	52	-5.42	100	-	0.00	-	-	-	0.00
Effect of Exchange Rate Changes	-0.16	0.24	-0.02	-0.07	-	-	0.10	0.22	-0.05	-0.29	0.02
Cash Interest Paid	7.49	3.85	3.73	3.26	2.69	1.69	1.56	1.60	1.61	1.33	1.20
Cash Income Taxes Paid	0.07	3.97	0.02	2.22	0.87	0.15	0.85	1.10	0.09	0.84	0.49

This table presents OneSpaWorld's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	273	924	702	689	717	706	746	707
Total Current Assets	81	91	82	89	118	127	162	138
Cash & Equivalents	15	14	42	31	32	28	57	16
Restricted Cash	-	0.00	1.90	1.90	1.20	1.20	1.20	1.20
Accounts Receivable	25	31	2.99	19	34	41	46	48
Inventories, net	32	36	27	29	40	48	47	59
Prepaid Expenses	6.62	7.66	6.95	6.57	7.08	3.17	3.85	6.18
Other Current Assets	1.42	2.57	1.59	0.58	4.15	6.36	6.01	7.23
Plant, Property, & Equipment, net	16	23	17	14	15	15	18	27
Total Noncurrent Assets	175	810	603	586	585	564	567	542
Intangible Assets	132	617	599	582	565	547	530	511
Noncurrent Deferred & Refundable Income Taxes	4.27	2.05	0.10	0.07	0.23	2.34	1.23	0.33
Other Noncurrent Operating Assets	5.81	1.51	3.83	3.45	19	15	36	31
Total Liabilities & Shareholders' Equity	273	924	702	689	717	706	746	707
Total Liabilities	400	333	381	395	352	272	192	165
Total Current Liabilities	43	51	37	52	70	81	79	72
Short-Term Debt	-	-	0.00	1.78	2.09	0.00	5.00	0.00
Accounts Payable	14	23	8.60	16	24	32	30	32
Accrued Expenses	27	24	26	32	40	46	41	37
Other Current Liabilities	1.21	3.50	2.71	2.01	3.36	3.16	3.44	2.75
Total Noncurrent Liabilities	357	282	344	343	282	191	113	93
Long-Term Debt	352	221	229	229	211	158	94	84
Other Noncurrent Operating Liabilities	-	56	110	110	67	33	19	8.60
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-128	590	321	294	366	434	554	543
Total Preferred & Common Equity	-131	582	321	294	366	434	554	543
Total Common Equity	-131	582	321	294	366	434	554	543
Common Stock	0.00	617	650	688	701	777	834	796
Retained Earnings	0.00	-35	-323	-392	-339	-344	-280	-253
Accumulated Other Comprehensive Income / (Loss)	-0.65	0.72	-5.48	-2.00	3.80	1.46	0.40	-0.32

This table presents OneSpaWorld's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	699	722	714	715	764	757	734	709	732	733	710
Total Current Assets	110	127	125	132	164	162	145	129	153	155	144
Cash & Equivalents	35	23	29	27	65	62	49	23	35	30	16
Restricted Cash	1.90	1.20	1.20	1.20	1.20	1.20	1.20	1.20	1.20	1.20	1.20
Accounts Receivable	29	42	37	48	44	46	42	45	47	48	49
Inventories, net	33	51	45	44	45	43	43	50	56	63	64
Prepaid Expenses	7.64	6.40	8.52	8.21	3.08	3.97	4.33	3.76	6.06	6.47	7.71
Other Current Assets	3.51	4.19	4.45	4.44	5.67	5.60	4.77	7.09	7.38	6.88	5.78
Plant, Property, & Equipment, net	14	15	15	14	15	15	16	18	20	24	29
Total Noncurrent Assets	575	579	574	569	585	579	574	561	559	553	537
Intangible Assets	570	561	557	553	543	539	535	526	522	517	507
Noncurrent Deferred & Refundable Income Taxes	0.00	0.00	0.00	0.00	2.34	2.34	2.34	1.23	1.23	1.23	0.33
Other Noncurrent Operating Assets	5.36	18	17	16	40	38	37	34	36	34	29
Total Liabilities & Shareholders' Equity	699	722	714	715	764	757	734	709	732	733	710
Total Liabilities	334	370	291	267	248	224	194	178	183	180	148
Total Current Liabilities	62	76	73	81	88	80	79	75	81	84	57
Short-Term Debt	2.09	2.09	0.00	0.00	-	0.00	3.75	5.00	5.00	0.00	0.00
Accounts Payable	18	39	32	32	39	35	30	30	33	35	25
Accrued Expenses	41	32	38	46	46	42	42	36	40	47	29
Other Current Liabilities	0.80	3.80	2.79	3.28	3.67	3.24	3.18	3.29	3.30	3.20	2.50
Total Noncurrent Liabilities	272	293	218	186	160	144	115	103	102	95	91
Long-Term Debt	221	201	183	163	139	124	95	92	91	85	83
Other Noncurrent Operating Liabilities	48	89	31	23	21	20	20	11	11	10	8.15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	365	352	423	448	516	533	540	531	548	553	562
Total Preferred & Common Equity	365	352	423	448	516	533	540	531	548	553	562
Total Common Equity	365	352	423	448	516	533	540	531	548	553	562
Common Stock	697	703	777	780	841	843	835	817	815	806	793
Retained Earnings	-336	-355	-358	-334	-326	-311	-294	-286	-266	-253	-232
Accumulated Other Comprehensive Income / (Loss)	3.78	3.01	3.26	2.44	0.74	-0.21	-0.84	-0.28	-0.46	-0.68	0.04

This table displays calculated financial ratios and metrics derived from OneSpaWorld's official financial filings.

Metric	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	6.73%	0.00%	19.11%	279.26%	45.36%	12.72%	7.37%
EBITDA Growth	0.00%	-45.96%	0.00%	88.09%	398.38%	-56.86%	176.17%	-3.39%
EBIT Growth	0.00%	-61.68%	0.00%	80.97%	227.22%	-76.11%	416.02%	-5.19%
NOPAT Growth	0.00%	36.00%	0.00%	80.36%	141.06%	153.44%	95.16%	3.80%
Net Income Growth	0.00%	-58.64%	0.00%	76.21%	177.58%	-105.59%	2,550.03%	-1.71%
EPS Growth	0.00%	0.00%	0.00%	80.36%	164.47%	-106.12%	2,400.00%	0.00%
Operating Cash Flow Growth	0.00%	-53.81%	0.00%	3.96%	170.54%	155.93%	24.33%	5.99%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-83.57%	151.18%	116.12%	44.76%
Invested Capital Growth	0.00%	0.00%	0.00%	-3.02%	10.95%	3.31%	5.51%	2.46%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	131.52%	17.99%	3.37%	2.57%	2.66%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	71.14%	13.27%	-4.84%	16.78%	-0.85%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	58.61%	16.89%	-6.25%	21.95%	-1.46%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	28.77%	3,756.84%	-92.20%	6.73%	-2.57%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	46.87%	19.27%	-248.70%	42.39%	-3.15%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-61.70%	25.64%	0.00%	21.05%	-1.43%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	26.72%	87.00%	16.90%	-0.62%	4.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-100.00%	-127.72%	32.73%	-95.62%	-32.44%	2.89%
Invested Capital Q/Q Growth	0.00%	0.00%	-18.22%	-0.14%	-0.91%	-3.37%	0.96%	0.30%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	10.07%	14.35%	-15.14%	5.86%	15.30%	16.00%	16.70%	16.56%
EBITDA Margin	9.46%	4.79%	-216.43%	-21.64%	17.02%	5.05%	12.38%	11.14%
Operating Margin	7.56%	8.97%	-219.15%	-36.15%	2.77%	6.82%	8.72%	8.50%
EBIT Margin	7.52%	2.70%	-237.50%	-37.95%	12.73%	2.09%	9.58%	8.46%
Profit (Net Income) Margin	6.56%	2.54%	-238.15%	-47.57%	9.73%	-0.37%	8.14%	7.45%
Tax Burden Percent	86.33%	92.66%	100.28%	100.63%	98.84%	66.09%	94.81%	94.10%
Interest Burden Percent	101.07%	101.63%	99.99%	124.58%	77.34%	-27.08%	89.64%	93.63%
Effective Tax Rate	13.67%	7.34%	0.00%	0.00%	1.16%	0.00%	5.19%	5.90%
Return on Invested Capital (ROIC)	0.00%	42.91%	-36.60%	-7.30%	2.89%	6.84%	12.78%	12.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	24.39%	-91.70%	-24.03%	23.14%	-19.64%	11.43%	2.99%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-64.46%	-53.16%	-14.99%	13.23%	-7.58%	1.96%	0.29%
Return on Equity (ROE)	0.00%	-21.54%	-89.76%	-22.29%	16.12%	-0.74%	14.74%	13.06%
Cash Return on Invested Capital (CROIC)	0.00%	-157.09%	0.00%	-4.24%	-7.49%	3.59%	7.42%	10.34%
Operating Return on Assets (OROA)	0.00%	5.35%	-35.33%	-7.86%	9.89%	2.33%	11.80%	11.19%
Return on Assets (ROA)	0.00%	5.04%	-35.42%	-9.85%	7.56%	-0.42%	10.03%	9.85%
Return on Common Equity (ROCE)	0.00%	-22.15%	-88.96%	-22.29%	16.12%	-0.74%	14.74%	13.06%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-10.48%	-89.76%	-23.31%	14.53%	-0.69%	13.14%	0.00%
Net Operating Profit after Tax (NOPAT)	33	45	-186	-36	15	38	74	77
NOPAT Margin	6.53%	8.31%	-153.40%	-25.30%	2.74%	4.78%	8.27%	7.99%
Net Nonoperating Expense Percent (NNEP)	0.00%	18.52%	55.10%	16.73%	-20.26%	26.48%	1.35%	9.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	2.59%	6.40%	11.33%	12.26%
Cost of Revenue to Revenue	89.93%	85.65%	115.14%	94.14%	84.70%	84.00%	83.30%	83.44%
SG&A Expenses to Revenue	1.82%	1.84%	15.68%	10.78%	2.89%	2.15%	2.10%	1.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	2.52%	5.38%	204.01%	42.01%	12.53%	9.18%	7.98%	8.07%
Earnings before Interest and Taxes (EBIT)	38	15	-287	-55	70	17	86	81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	26	-262	-31	93	40	111	107
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.68	3.11	2.35	3.23	3.73	3.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	84.58	66.98
Price to Revenue (P/Rev)	0.00	0.00	7.11	6.34	1.57	1.77	2.31	2.20
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	16.15	0.00	28.40	29.52
Dividend Yield	0.00%	0.00%	0.40%	0.00%	0.00%	0.00%	0.40%	0.82%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	6.19%	0.00%	3.52%	3.39%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.06	2.26	1.90	2.72	3.55	3.58
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	8.64	7.71	1.90	1.93	2.36	2.27
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	11.16	38.17	19.04	20.38
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	14.93	92.17	24.60	26.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	69.39	40.38	28.50	28.39
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	41.93	24.16	26.77	26.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	77.03	49.09	35.07
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-2.76	0.72	0.78	0.58	0.36	0.18	0.15
Long-Term Debt to Equity	0.00	-2.76	0.72	0.78	0.58	0.36	0.17	0.15
Financial Leverage	0.00	-2.64	0.58	0.62	0.57	0.39	0.17	0.10
Leverage Ratio	0.00	-2.14	1.78	2.26	2.13	1.78	1.47	1.32
Compound Leverage Factor	0.00	-2.17	1.78	2.82	1.65	-0.48	1.32	1.24
Debt to Total Capital	0.00%	156.74%	41.70%	43.95%	36.78%	26.71%	15.09%	13.40%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.34%	0.36%	0.00%	0.77%	0.00%
Long-Term Debt to Total Capital	0.00%	156.74%	41.70%	43.61%	36.42%	26.71%	14.33%	13.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-58.33%	58.30%	56.05%	63.22%	73.29%	84.91%	86.60%
Debt to EBITDA	0.00	13.61	-0.88	-7.39	2.29	3.94	0.89	0.78
Net Debt to EBITDA	0.00	13.02	-0.71	-6.34	1.93	3.22	0.36	0.62
Long-Term Debt to EBITDA	0.00	13.61	-0.88	-7.34	2.27	3.94	0.84	0.78
Debt to NOPAT	0.00	7.84	-1.24	-6.32	14.22	4.17	1.33	1.09
Net Debt to NOPAT	0.00	7.50	-1.00	-5.42	12.00	3.41	0.54	0.87
Long-Term Debt to NOPAT	0.00	7.84	-1.24	-6.28	14.08	4.17	1.26	1.09
Altman Z-Score	0.00	0.00	-0.39	0.60	1.97	3.69	7.65	9.06
Noncontrolling Interest Sharing Ratio	0.00%	-2.81%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.87	2.22	1.72	1.69	1.57	2.03	1.91
Quick Ratio	0.00	0.94	1.20	0.97	0.94	0.85	1.31	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-165	0.00	-21	-39	20	43	62
Operating Cash Flow to CapEx	2,613.42%	649.95%	-1,714.35%	-1,223.99%	513.22%	1,170.38%	1,168.59%	554.10%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-1.57	-2.47	0.93	4.28	10.98
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-2.60	1.57	2.96	7.84	14.74
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-2.82	1.27	2.71	7.17	12.08
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.98	0.15	0.21	0.78	1.12	1.23	1.32
Accounts Receivable Turnover	0.00	21.33	7.22	12.82	20.60	21.36	20.56	20.40
Inventory Turnover	0.00	14.36	4.40	4.78	13.35	15.27	15.82	15.19
Fixed Asset Turnover	0.00	33.30	6.08	9.24	38.17	53.79	54.77	42.72
Accounts Payable Turnover	0.00	32.74	8.69	11.09	23.15	23.89	24.26	26.06
Days Sales Outstanding (DSO)	0.00	17.11	50.57	28.48	17.72	17.09	17.75	17.89
Days Inventory Outstanding (DIO)	0.00	25.43	82.93	76.30	27.34	23.90	23.07	24.03
Days Payable Outstanding (DPO)	0.00	11.15	41.99	32.91	15.77	15.28	15.04	14.01
Cash Conversion Cycle (CCC)	0.00	31.39	91.50	71.87	29.30	25.71	25.78	27.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	210	507	492	545	563	594	609
Invested Capital Turnover	0.00	5.16	0.24	0.29	1.05	1.43	1.55	1.60
Increase / (Decrease) in Invested Capital	0.00	210	0.00	-15	54	18	31	15
Enterprise Value (EV)	0.00	0.00	1,045	1,111	1,038	1,531	2,109	2,181
Market Capitalization	0.00	0.00	859	913	859	1,402	2,069	2,114
Book Value per Share	$0.00	$0.00	$3.78	$3.22	$3.96	$4.34	$5.33	$5.32
Tangible Book Value per Share	$0.00	$0.00	($3.28)	($3.16)	($2.16)	($1.13)	$0.24	$0.31
Total Capital	0.00	225	550	524	579	592	653	627
Total Debt	0.00	352	229	230	213	158	99	84
Total Long-Term Debt	0.00	352	229	229	211	158	94	84
Net Debt	0.00	337	186	198	180	129	40	66
Capital Expenditures (CapEx)	2.68	4.98	2.13	2.87	4.83	5.42	6.74	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	22	1.66	6.03	17	17	28	48
Debt-free Net Working Capital (DFNWC)	0.00	38	45	39	50	46	87	66
Net Working Capital (NWC)	0.00	38	45	37	48	46	82	66
Net Nonoperating Expense (NNE)	-0.16	31	102	32	-38	41	1.14	5.20
Net Nonoperating Obligations (NNO)	0.00	337	186	198	180	129	40	66
Total Depreciation and Amortization (D&A)	9.83	11	25	23	23	24	25	26
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	4.15%	1.37%	4.18%	3.14%	2.14%	3.18%	5.02%
Debt-free Net Working Capital to Revenue	0.00%	6.98%	37.30%	26.98%	9.23%	5.78%	9.73%	6.84%
Net Working Capital to Revenue	0.00%	6.98%	37.30%	25.75%	8.85%	5.78%	9.17%	6.84%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.76)	$0.57	($0.03)	$0.70	$0.69
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	92.07M	92.51M	97.83M	104.02M	103.19M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.76)	$0.49	($0.03)	$0.69	$0.69
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	92.07M	95.11M	97.83M	104.94M	103.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.76)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	90.13M	92.97M	100.38M	104.67M	101.45M
Normalized Net Operating Profit after Tax (NOPAT)	33	45	-52	-36	15	39	74	82
Normalized NOPAT Margin	6.53%	8.31%	-42.97%	-25.30%	2.74%	4.96%	8.31%	8.57%
Pre Tax Income Margin	7.60%	2.74%	-237.47%	-47.28%	9.85%	-0.57%	8.59%	7.92%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-4.05	4.41	0.78	8.53	14.35
NOPAT to Interest Expense	0.00	0.00	0.00	-2.70	0.95	1.77	7.37	13.56
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-4.27	4.11	0.52	7.86	11.69
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-2.91	0.64	1.52	6.69	10.90
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	197.13%	149.58%	-6.00%	0.00%	0.00%	0.00%	11.43%	24.39%
Augmented Payout Ratio	197.13%	149.58%	-6.30%	0.00%	0.00%	-304.04%	37.49%	129.72%

This table displays calculated financial ratios and metrics derived from OneSpaWorld's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	101,451,278.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	101,451,278.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.21
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.26%	15.32%	15.77%	12.16%	11.76%	11.50%	3.98%	7.04%	6.96%	11.47%	12.75%
EBITDA Growth	93.58%	-21.22%	737.60%	248.25%	2.73%	210.12%	-26.11%	14.11%	5.80%	-3.90%	28.47%
EBIT Growth	140.05%	-38.14%	330.09%	1,422.93%	2.85%	858.88%	-31.83%	17.74%	5.15%	-7.01%	35.81%
NOPAT Growth	103.88%	17.87%	111.44%	90.49%	24.21%	75.19%	-0.83%	18.79%	7.32%	-13.58%	37.18%
Net Income Growth	296.06%	-213.48%	233.09%	596.03%	-7.95%	296.99%	-27.85%	26.53%	12.96%	-16.17%	39.68%
EPS Growth	166.67%	-75.00%	223.53%	600.00%	25.00%	1,200.00%	-28.57%	26.67%	15.00%	-7.69%	40.00%
Operating Cash Flow Growth	50.67%	116.31%	582.21%	-26.08%	51.63%	-2.86%	-32.41%	8.59%	15.93%	20.57%	-10.02%
Free Cash Flow Firm Growth	72.43%	80.12%	-40.36%	103.21%	235.59%	-69.08%	99.39%	1,037.56%	-59.91%	91.97%	-158.93%
Invested Capital Growth	5.94%	3.31%	10.74%	3.03%	0.99%	5.51%	2.83%	2.61%	3.12%	2.46%	3.83%
Revenue Q/Q Growth	7.86%	-9.93%	8.43%	6.47%	7.47%	-10.13%	1.12%	9.61%	7.39%	-6.34%	2.27%
EBITDA Q/Q Growth	322.96%	-74.98%	312.55%	-20.22%	24.76%	-24.48%	-1.71%	23.21%	15.67%	-31.40%	31.41%
EBIT Q/Q Growth	1,870.75%	-92.61%	1,274.51%	-23.92%	33.10%	-31.11%	-2.29%	31.42%	18.87%	-39.08%	42.71%
NOPAT Q/Q Growth	104.94%	-54.17%	87.09%	8.41%	33.63%	-35.36%	5.90%	29.87%	20.72%	-47.95%	68.11%
Net Income Q/Q Growth	836.89%	-131.20%	389.79%	-25.55%	36.75%	-33.24%	6.14%	30.57%	22.09%	-50.45%	76.84%
EPS Q/Q Growth	633.33%	-93.75%	2,000.00%	-28.57%	33.33%	-35.00%	15.38%	26.67%	21.05%	-47.83%	75.00%
Operating Cash Flow Q/Q Growth	-25.38%	-9.68%	-12.24%	24.97%	53.07%	-42.14%	-38.93%	100.79%	63.41%	-39.83%	-54.43%
Free Cash Flow Firm Q/Q Growth	15.41%	31.37%	-339.34%	101.26%	3,475.96%	-185.57%	98.40%	2,427.84%	26.03%	-117.15%	48.53%
Invested Capital Q/Q Growth	1.33%	-3.37%	4.28%	0.90%	-0.68%	0.96%	1.64%	0.69%	-0.18%	0.30%	2.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.49%	16.63%	15.94%	16.43%	17.36%	16.98%	16.47%	16.41%	16.86%	16.48%	16.76%
EBITDA Margin	14.00%	3.89%	14.80%	11.09%	12.87%	10.82%	10.52%	11.82%	12.73%	9.32%	11.98%
Operating Margin	7.84%	6.48%	8.04%	8.38%	10.35%	7.93%	7.67%	9.19%	10.17%	6.76%	9.23%
EBIT Margin	11.24%	0.92%	11.69%	8.36%	10.35%	7.93%	7.67%	9.19%	10.17%	6.62%	9.23%
Profit (Net Income) Margin	10.82%	-3.75%	10.02%	7.01%	8.92%	6.62%	6.95%	8.28%	9.42%	4.98%	8.61%
Tax Burden Percent	113.68%	110.17%	97.34%	95.09%	95.71%	89.80%	97.33%	96.18%	97.68%	81.68%	98.31%
Interest Burden Percent	84.68%	-368.95%	88.04%	88.18%	90.02%	92.98%	93.19%	93.70%	94.76%	92.16%	94.88%
Effective Tax Rate	-13.68%	0.00%	2.66%	4.91%	4.29%	10.20%	2.67%	3.82%	2.32%	18.32%	1.69%
Return on Invested Capital (ROIC)	12.08%	6.49%	11.52%	11.55%	14.75%	11.01%	11.31%	13.53%	15.56%	8.82%	14.58%
ROIC Less NNEP Spread (ROIC-NNEP)	14.66%	-3.96%	15.22%	9.53%	12.15%	9.73%	9.78%	11.30%	12.94%	6.36%	12.93%
Return on Net Nonoperating Assets (RNNOA)	5.79%	-1.53%	4.40%	2.12%	2.26%	1.67%	1.36%	1.26%	1.22%	0.62%	1.65%
Return on Equity (ROE)	17.87%	4.97%	15.91%	13.67%	17.01%	12.68%	12.67%	14.79%	16.78%	9.44%	16.23%
Cash Return on Invested Capital (CROIC)	80.01%	3.59%	1.03%	8.38%	10.85%	7.42%	9.58%	10.25%	10.11%	10.34%	9.71%
Operating Return on Assets (OROA)	12.22%	1.03%	12.96%	9.63%	12.47%	9.78%	9.41%	11.35%	12.99%	8.75%	12.88%
Return on Assets (ROA)	11.76%	-4.18%	11.10%	8.07%	10.74%	8.16%	8.53%	10.23%	12.02%	6.59%	12.01%
Return on Common Equity (ROCE)	17.87%	4.97%	15.91%	13.67%	17.01%	12.68%	12.67%	14.79%	16.78%	9.44%	16.23%
Return on Equity Simple (ROE_SIMPLE)	0.45%	0.00%	6.61%	9.96%	9.47%	0.00%	12.62%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	19	8.83	17	18	24	15	16	21	26	13	22
NOPAT Margin	8.91%	4.53%	7.82%	7.97%	9.91%	7.12%	7.46%	8.84%	9.94%	5.52%	9.08%
Net Nonoperating Expense Percent (NNEP)	-2.58%	10.45%	-3.70%	2.03%	2.60%	1.28%	1.53%	2.23%	2.61%	2.46%	1.65%
Return On Investment Capital (ROIC_SIMPLE)	-	1.49%	-	-	-	2.37%	2.61%	3.30%	4.03%	2.13%	3.49%
Cost of Revenue to Revenue	83.51%	83.37%	84.06%	83.57%	82.64%	83.02%	83.53%	83.59%	83.14%	83.52%	83.24%
SG&A Expenses to Revenue	2.16%	2.23%	1.92%	2.11%	1.75%	2.67%	1.92%	1.83%	1.77%	2.01%	2.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.65%	10.15%	7.90%	8.05%	7.01%	9.05%	8.81%	7.21%	6.68%	9.72%	7.52%
Earnings before Interest and Taxes (EBIT)	24	1.80	25	19	25	17	17	22	26	16	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	7.58	31	25	31	23	23	28	33	23	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.48	3.23	2.57	3.01	3.20	3.73	3.31	3.82	3.93	3.90	4.14
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	309.66	84.58	376.71	78.83	61.51	66.98	42.48
Price to Revenue (P/Rev)	1.45	1.77	1.61	1.89	1.98	2.31	1.95	2.28	2.32	2.20	2.35
Price to Earnings (P/E)	556.56	0.00	38.85	30.27	33.78	28.40	26.24	29.43	29.36	29.52	29.97
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.24%	0.40%	0.71%	0.78%	0.76%	0.82%	0.78%
Earnings Yield	0.18%	0.00%	2.57%	3.30%	2.96%	3.52%	3.81%	3.40%	3.41%	3.39%	3.34%
Enterprise Value to Invested Capital (EV/IC)	2.14	2.72	2.38	2.81	3.02	3.55	3.03	3.54	3.67	3.58	3.82
Enterprise Value to Revenue (EV/Rev)	1.62	1.93	1.70	1.97	2.04	2.36	2.03	2.34	2.38	2.27	2.42
Enterprise Value to EBITDA (EV/EBITDA)	29.60	38.17	18.31	17.71	18.73	19.04	17.84	20.29	20.61	20.38	21.01
Enterprise Value to EBIT (EV/EBIT)	70.42	92.17	26.83	23.92	25.28	24.60	23.51	26.52	26.98	26.83	27.31
Enterprise Value to NOPAT (EV/NOPAT)	2.57	40.38	22.25	25.11	25.64	28.50	24.84	27.94	28.22	28.39	28.87
Enterprise Value to Operating Cash Flow (EV/OCF)	23.02	24.16	18.34	23.95	22.42	26.77	24.76	28.51	27.78	26.11	29.01
Enterprise Value to Free Cash Flow (EV/FCFF)	2.75	77.03	241.82	34.04	27.95	49.09	32.08	34.98	36.81	35.07	40.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.36	0.27	0.23	0.18	0.18	0.18	0.18	0.15	0.15	0.15
Long-Term Debt to Equity	0.36	0.36	0.27	0.23	0.18	0.17	0.17	0.17	0.15	0.15	0.15
Financial Leverage	0.39	0.39	0.29	0.22	0.19	0.17	0.14	0.11	0.09	0.10	0.13
Leverage Ratio	1.74	1.78	1.71	1.54	1.47	1.47	1.41	1.38	1.34	1.32	1.30
Compound Leverage Factor	1.47	-6.57	1.51	1.36	1.32	1.37	1.31	1.29	1.27	1.22	1.23
Debt to Total Capital	26.67%	26.71%	21.18%	18.86%	15.45%	15.09%	15.51%	14.93%	13.35%	13.40%	12.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.59%	0.77%	0.80%	0.78%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	26.67%	26.71%	21.18%	18.86%	14.86%	14.33%	14.71%	14.15%	13.35%	13.40%	12.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.33%	73.29%	78.82%	81.14%	84.55%	84.91%	84.49%	85.07%	86.65%	86.60%	87.16%
Debt to EBITDA	3.87	3.94	1.82	1.32	1.04	0.89	0.95	0.91	0.79	0.78	0.73
Net Debt to EBITDA	3.20	3.22	0.94	0.64	0.51	0.36	0.72	0.57	0.50	0.62	0.57
Long-Term Debt to EBITDA	3.87	3.94	1.82	1.32	1.00	0.84	0.90	0.86	0.79	0.78	0.73
Debt to NOPAT	0.34	4.17	2.21	1.87	1.42	1.33	1.32	1.25	1.08	1.09	1.00
Net Debt to NOPAT	0.28	3.41	1.15	0.91	0.70	0.54	1.00	0.78	0.69	0.87	0.79
Long-Term Debt to NOPAT	0.34	4.17	2.21	1.87	1.37	1.26	1.25	1.18	1.08	1.09	1.00
Altman Z-Score	3.12	3.62	3.91	5.05	6.20	7.35	6.80	7.81	8.27	8.76	10.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.63	1.57	1.85	2.03	1.84	2.03	1.73	1.88	1.84	1.91	2.52
Quick Ratio	0.92	0.85	1.23	1.35	1.16	1.31	0.90	1.01	0.92	0.89	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-13	-9.21	-40	0.51	18	-16	-0.25	5.79	7.29	-1.25	-0.64
Operating Cash Flow to CapEx	2,815.67%	669.77%	1,239.97%	1,674.55%	2,574.71%	500.03%	595.58%	743.64%	592.41%	395.23%	209.30%
Free Cash Flow to Firm to Interest Expense	-3.60	-1.06	-13.69	0.23	7.29	-6.55	-0.22	4.15	5.29	-0.72	-0.55
Operating Cash Flow to Interest Expense	5.06	1.96	5.06	8.41	11.46	6.97	8.81	14.55	24.05	11.44	7.77
Operating Cash Flow Less CapEx to Interest Expense	4.88	1.66	4.65	7.91	11.02	5.57	7.33	12.59	19.99	8.55	4.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.12	1.11	1.15	1.20	1.23	1.23	1.24	1.28	1.32	1.39
Accounts Receivable Turnover	20.05	21.36	19.30	20.43	19.40	20.56	20.49	19.73	20.77	20.40	21.06
Inventory Turnover	16.84	15.27	14.41	16.06	16.68	15.82	15.85	15.37	14.62	15.19	14.44
Fixed Asset Turnover	54.80	53.79	54.94	56.62	59.08	54.77	54.11	52.44	47.29	42.72	41.62
Accounts Payable Turnover	25.93	23.89	17.83	21.14	23.69	24.26	21.73	22.54	24.23	26.06	29.54
Days Sales Outstanding (DSO)	18.21	17.09	18.91	17.87	18.81	17.75	17.81	18.50	17.58	17.89	17.33
Days Inventory Outstanding (DIO)	21.67	23.90	25.34	22.73	21.88	23.07	23.03	23.74	24.96	24.03	25.27
Days Payable Outstanding (DPO)	14.08	15.28	20.47	17.27	15.41	15.04	16.79	16.19	15.07	14.01	12.36
Cash Conversion Cycle (CCC)	25.80	25.71	23.78	23.33	25.28	25.78	24.05	26.05	27.47	27.91	30.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	583	563	588	593	589	594	604	608	607	609	627
Invested Capital Turnover	1.36	1.43	1.47	1.45	1.49	1.55	1.52	1.53	1.57	1.60	1.61
Increase / (Decrease) in Invested Capital	33	18	57	17	5.75	31	17	15	18	15	23
Enterprise Value (EV)	1,248	1,531	1,396	1,665	1,777	2,109	1,831	2,154	2,225	2,181	2,394
Market Capitalization	1,113	1,402	1,325	1,605	1,729	2,069	1,757	2,094	2,171	2,114	2,328
Book Value per Share	$4.50	$4.34	$5.14	$5.09	$5.16	$5.33	$5.07	$5.34	$5.38	$5.32	$5.54
Tangible Book Value per Share	($1.05)	($1.13)	($0.27)	($0.06)	$0.05	$0.24	$0.04	$0.26	$0.34	$0.31	$0.54
Total Capital	611	592	654	656	639	653	628	645	638	627	645
Total Debt	163	158	139	124	99	99	97	96	85	84	83
Total Long-Term Debt	163	158	139	124	95	94	92	91	85	84	83
Net Debt	135	129	72	60	49	40	74	60	54	66	66
Capital Expenditures (CapEx)	0.67	2.54	1.21	1.12	1.11	3.31	1.70	2.73	5.60	5.05	4.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	23	17	8.49	18	20	28	36	41	40	48	70
Debt-free Net Working Capital (DFNWC)	51	46	75	82	70	87	60	77	71	66	87
Net Working Capital (NWC)	51	46	75	82	66	82	55	72	71	66	87
Net Nonoperating Expense (NNE)	-4.14	16	-4.64	2.16	2.39	1.09	1.12	1.34	1.35	1.31	1.15
Net Nonoperating Obligations (NNO)	135	129	72	60	49	40	74	60	54	66	66
Total Depreciation and Amortization (D&A)	5.97	5.78	6.56	6.14	6.10	6.26	6.26	6.33	6.61	6.56	6.80
Debt-free, Cash-free Net Working Capital to Revenue	3.01%	2.14%	1.03%	2.18%	2.26%	3.18%	3.98%	4.44%	4.30%	5.02%	7.04%
Debt-free Net Working Capital to Revenue	6.66%	5.78%	9.12%	9.70%	7.99%	9.73%	6.62%	8.38%	7.58%	6.84%	8.78%
Net Working Capital to Revenue	6.66%	5.78%	9.12%	9.70%	7.56%	9.17%	6.06%	7.83%	7.58%	6.84%	8.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	($0.06)	$0.21	$0.15	$0.21	$0.13	$0.15	$0.19	$0.24	$0.11	$0.21
Adjusted Weighted Average Basic Shares Outstanding	99.96M	97.83M	101.47M	105.12M	104.88M	104.02M	104.60M	103.21M	103.16M	103.19M	101.99M
Adjusted Diluted Earnings per Share	$0.16	$0.01	$0.21	$0.15	$0.20	$0.13	$0.15	$0.19	$0.23	$0.12	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	101.37M	97.83M	102.93M	105.77M	105.59M	104.94M	105.08M	103.62M	103.62M	103.67M	102.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99.91M	100.38M	104.71M	104.71M	103.98M	104.67M	102.70M	102.70M	101.95M	101.45M	101.51M
Normalized Net Operating Profit after Tax (NOPAT)	12	8.83	17	18	24	15	16	21	26	13	22
Normalized NOPAT Margin	5.49%	4.53%	7.82%	7.97%	9.91%	7.12%	7.46%	8.84%	10.01%	5.52%	9.08%
Pre Tax Income Margin	9.52%	-3.40%	10.29%	7.37%	9.32%	7.38%	7.14%	8.61%	9.64%	6.10%	8.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.53	0.21	8.36	8.46	10.02	7.25	14.68	15.86	19.07	9.19	19.54
NOPAT to Interest Expense	5.17	1.01	5.59	8.07	9.59	6.51	14.29	15.26	18.63	7.67	19.21
EBIT Less CapEx to Interest Expense	6.35	-0.09	7.95	7.96	9.58	5.86	13.20	13.91	15.01	6.29	15.83
NOPAT Less CapEx to Interest Expense	4.99	0.72	5.18	7.56	9.15	5.12	12.81	13.30	14.57	4.77	15.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	8.15%	11.43%	18.69%	23.37%	22.40%	24.39%	23.63%
Augmented Payout Ratio	0.00%	-304.04%	49.21%	31.64%	62.93%	37.49%	92.09%	92.45%	97.50%	129.72%	71.96%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, bulleted trend view of ONESPAWORLD HOLDINGS Ltd (OSW) derived from the last four years of quarterly statements (income statement, cash flow, and balance sheet). The focus is on trends that may matter to retail investors evaluating OSW's profitability, liquidity, and capital allocation.

Revenue trend and scale: Operating revenue has trended higher across the period, rising from about $182.5 million in early 2023 to roughly $258.5 million by Q3 2025, indicating a meaningful scale-up vs. the pandemic-era trough.
Stable gross margins in the mid-teens: Total gross profit as a percentage of revenue has remained in the mid-teens (roughly 16%–18%) across most quarters, e.g., Q4 2025 gross margin ~16.5% (39.9M / 242.1M) and Q3 2025 ~16.9% (43.6M / 258.5M).
Operating income recovery in recent periods: Operating income has shown improvement in some quarters, with Q3 2025 operating income around $26.3 million (vs. roughly $16–17 million in some earlier 2024 periods), indicating better operating leverage relative to revenue.
Positive cash flow from operations (CFO): Cash flow from continuing operating activities has been positive in each of the recent quarters, with Q3 2025 CFO from continuing operations about $33.2 million and Q4 2025 CFO about $20.0 million, signaling solid cash generation.
Solid equity base and manageable leverage: Total equity remains robust (Total Common Equity around $540–555 million in 2025), supporting a strong balance sheet foundation. Long-term debt has been in the mid-to-high tens of millions (roughly $85–92 million in 2025 quarters), indicating a level of leverage that is notable but appears manageable within the reported equity base.
Capital return activity (dividends and buybacks): OSW has continued to return capital to shareholders via dividends (roughly $4–5 million per quarter) and stock repurchases (multi-million-dollar buybacks in several quarters), reflecting an active capital allocation policy that may appeal to income-oriented and value-focused investors.
Moderate ongoing capex: Purchases of property, plant and equipment (capex) have been in the single-digit millions per quarter, signaling ongoing investment in assets but not an outsized or unsustainably high capex burden relative to CFO in the near term.
Persistent financing outflows: Net cash from financing activities has been consistently negative in the recent years (e.g., Q4 2025: about -$26.2 million; Q3 2025: about -$32.99 million; Q2 2025: around -$5.36 million; Q1 2025: about -$43.35 million), driven by buybacks and dividends plus debt service. This reduces cash runway and liquidity headroom over time.
Debt load and interest costs: Long-term debt remains in the ~$85–92 million range in 2025, contributing to annual interest expense (e.g., around $1.2–$2.0 million per quarter in the reported periods). While debt is not out of control relative to equity, it represents a continued fixed cost that investors should monitor against cash flow.
Quarterly net income volatility: Net income per quarter shows variability (e.g., strong quarters like Q3 2025 with net income ~+$24.3M vs. later quarters with more modest results), pointing to earnings volatility that may affect earnings consistency expectations for investors.

05/15/26 11:42 PM ETAI Generated. May Contain Errors.

OneSpaWorld Financials - Frequently Asked Questions

According to the most recent income statement we have on file, OneSpaWorld's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

OneSpaWorld's net income appears to be on a downward trend, with a most recent value of $71.62 million in 2025, rising from $33.23 million in 2017. The previous period was $72.86 million in 2024. Check out OneSpaWorld's forecast to explore projected trends and price targets.

OneSpaWorld's total operating income in 2025 was $81.64 million, based on the following breakdown:

Total Gross Profit: $159.15 million
Total Operating Expenses: $77.51 million

Over the last 7 years, OneSpaWorld's total revenue changed from $506.69 million in 2017 to $961.00 million in 2025, a change of 89.7%.

OneSpaWorld's total liabilities were at $164.52 million at the end of 2025, a 14.3% decrease from 2024, and a 58.9% decrease since 2018.

In the past 7 years, OneSpaWorld's cash and equivalents has ranged from $13.86 million in 2019 to $57.44 million in 2024, and is currently $16.31 million as of their latest financial filing in 2025.

Over the last 7 years, OneSpaWorld's book value per share changed from 0.00 in 2017 to 5.32 in 2025, a change of 532.2%.

Related Companies

Financial statements for NASDAQ:OSW last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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OneSpaWorld (OSW) Financials

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OneSpaWorld (OSW) Financials

Annual Income Statements for OneSpaWorld

Quarterly Income Statements for OneSpaWorld

Annual Cash Flow Statements for OneSpaWorld

Quarterly Cash Flow Statements for OneSpaWorld

Annual Balance Sheets for OneSpaWorld

Quarterly Balance Sheets for OneSpaWorld

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Quarterly Metrics And Ratios for OneSpaWorld

Financials Breakdown Chart

Key Financial Trends

OneSpaWorld Financials - Frequently Asked Questions

When does OneSpaWorld's financial year end?

How has OneSpaWorld's net income changed over the last 7 years?

What is OneSpaWorld's operating income?

How has OneSpaWorld's revenue changed over the last 7 years?

How much debt does OneSpaWorld have?

How much cash does OneSpaWorld have?

How has OneSpaWorld's book value per share changed over the last 7 years?

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