OneSpaWorld Holdings (OSW) financial statements
OneSpaWorld Holdings reported revenue of $961M in fiscal 2025, up 9.6% a year over 7 years.
Net income was $72M and the operating margin 8.5%, against 7.6% in 2017.
Free cash flow was $68M, and the company returned $17M in dividends and $75M in net buybacks.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OneSpaWorld Holdings's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $507M | $541M | $121M | $144M | $546M | $794M | $895M | $961M |
| Selling, general and admin | $9M | $10M | $19M | $16M | $16M | $17M | $19M | $18M |
| Operating income | $38M | $49M | -$265M | -$52M | $15M | $54M | $78M | $82M |
| Interest expense | — | $34M | $15M | $13M | $16M | $21M | $10M | $6M |
| Pre-tax income | $38M | $15M | -$287M | -$68M | $54M | -$4M | $77M | $76M |
| Income tax | $5M | $1M | $814,000 | $429,000 | $624,000 | -$2M | $4M | $4M |
| Net income | $31M | $10M | -$288M | -$69M | $53M | -$3M | $73M | $72M |
| EPS (diluted) | — | — | -$3.87 | -$0.76 | $0.49 | -$0.03 | $0.69 | $0.69 |
| Diluted shares | — | — | 74M | 90M | 95M | 98M | 105M | 104M |
| Operating margin | 7.6% | 9.0% | -219.1% | -36.1% | 2.8% | 6.8% | 8.7% | 8.5% |
| Net margin | 6.1% | 1.8% | -238.1% | -47.6% | 9.7% | -0.4% | 8.1% | 7.5% |
Balance sheet
Fiscal years, from OneSpaWorld Holdings's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $9M | $15M | $42M | $31M | $32M | $28M | $57M | $16M |
| Receivables | — | $25M | $3M | $19M | $34M | $41M | $46M | $48M |
| Inventory | — | $32M | $27M | $29M | $40M | $48M | $47M | $59M |
| Total current assets | — | $81M | $82M | $89M | $118M | $127M | $162M | $138M |
| Property, plant and equipment | — | $16M | $17M | $14M | $15M | $15M | $18M | $27M |
| Goodwill | — | $34M | — | — | — | — | — | — |
| Total assets | — | $273M | $702M | $689M | $717M | $706M | $746M | $707M |
| Total current liabilities | — | $43M | $37M | $52M | $70M | $81M | $79M | $72M |
| Long-term debt | — | $352M | $229M | $229M | $211M | $158M | $94M | $84M |
| Total liabilities | — | $400M | $381M | $395M | $352M | $272M | $192M | $165M |
| Shareholders' equity | $225M | -$131M | $321M | $294M | $366M | $434M | $554M | $543M |
| Net debt | -$9M | $337M | $188M | $200M | $181M | $131M | $41M | $68M |
Cash flow
Fiscal years, from OneSpaWorld Holdings's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $70M | $32M | -$37M | -$35M | $25M | $63M | $79M | $84M |
| Capital spending | $3M | $5M | $2M | $3M | $5M | $5M | $7M | $15M |
| Free cash flow | $67M | $27M | -$39M | -$38M | $20M | $58M | $72M | $68M |
| Stock-based compensation | — | — | $5M | $11M | $13M | $10M | $9M | $10M |
| Dividends paid | — | — | $2M | — | — | — | $8M | $17M |
| Share buybacks (net) | — | — | — | — | — | -$9M | -$19M | -$75M |
| Free cash flow margin | 13.3% | 5.1% | -32.0% | -26.4% | 3.6% | 7.3% | 8.1% | 7.1% |
| Dividends per share | — | — | $0.03 | — | — | — | $0.08 | $0.17 |
Questions
What was OneSpaWorld Holdings's revenue in 2025?
$961M in fiscal 2025, from its 10-K filing.
How much free cash flow does OneSpaWorld Holdings generate?
$68M in fiscal 2025 (operating cash flow minus capital spending).
From OneSpaWorld Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.