OneSpaWorld Holdings Limited

NASDAQ•OSW

CEO: Mr. Leonard I. Fluxman

Sector: Consumer Cyclical

Industry: Leisure

Listing Date: 2017-11-17

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services. The company also provides its guests access to beauty and wellness brands, including ELEMIS, Grown Alchemist, Kérastase, Dysport, Restylane, Thermage, CoolSculpting, truSculpt 3D, truSculpt iD, Good Feet, and Hyperice with various brands offered in the cruise market. The company is based in Nassau, Bahamas.

Contact Information

Office Number 2, Pineapple Business Park Airport Industrial Park PO Box N-624, Nassau, Bahamas

242-322-2670

onespaworld.com

Market Cap

$2.09B

P/E (TTM)

29.2

5.8

Dividend Yield

0.9%

52W High

$23.54

52W Low

$14.21

52W Range

68%

Rank57Top 83.3%

2.4

F-Score

Modified Piotroski Analysis

Based on 9-year fundamentals

Weak • 2.4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2017-2025

Financial Dashboard

Q4 2025 Data

Revenue

$242.13M+0.00%

4-Quarter Trend

EPS

$0.12+0.00%

4-Quarter Trend

FCF

$14.91M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Increased 7% Total revenues reached $961.0M in 2025, driven by fleet expansion and 3% average guest spend increase.

Adjusted EBITDA Growth Strong Adjusted EBITDA grew to $123.3M in 2025, up from $112.1M in 2024, showing operational leverage.

Strong Operating Cash Flow Net cash provided by operating activities totaled $83.5M in 2025, supporting debt repayment and dividends.

Significant Share Repurchase Repurchased 3.9M common shares in 2025 for $75.4M under new and existing repurchase programs.

Risk Factors

Dependence on Partner Contracts Business heavily relies on long-term cruise line agreements; termination or non-renewal poses material adverse effect.

Cruise Industry Economic Sensitivity Revenues subject to seasonality; adverse economic conditions reduced destination resorts Total revenues by $4.8M.

Cyber Attack Exposure Risk Exposure to cyberattacks and data breaches could interrupt operations, damage reputation, and incur significant costs.

Contractual Minimum Payments Guaranteed minimum payments of $128.6M due to cruise lines in 2026, regardless of revenue performance.

Outlook

Capture New Ship Growth Expect 26 new ships from existing cruise partners by 2030, well-positioned to capture associated capacity growth.

Innovate Value-Added Services Focus on launching higher value-add medi-spa services, expecting guests spending up to 4x more per visit.

Technology Driven Optimization Rolling out technology-enabled dynamic pricing fleet-wide to optimize utilization and capture higher-value bookings.

Maintain Asset-Light Model Capital expenditures expected to remain minimal, approximately 2% of revenues for the next two years.

Peer Comparison

Revenue (TTM)

UAA

$4.98B

-6.4%

VAC

$4.58B

-7.8%

ZGN

$4.20B

+25.5%

Gross Margin (Latest Quarter)

PRKS

92.6%

-0.4pp

CAKE

78.4%

+36.7pp

ZGN

67.5%

+1.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
LCII	$2.98B	15.9	13.8%	38.9%
CAKE	$2.82B	17.8	37.1%	106.1%
YETI	$2.81B	16.8	22.7%	17.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.3%

Moderate Growth

4Q Net Income CAGR

-7.6%

Declining Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data