OneSpaWorld Holdings Limited (OSW) Income Statement
OSW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOSW revenue and net income
Where OSW's revenue goes
2025Each bar shows an amount and its share of revenue. OSW kept 7.5% of revenue as net income.
OSW profit margins
OSW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.4% | +20.7% | +51.4% | — |
| Gross profit | −29.4% | +8.1% | — | — |
| Operating income | +12.1% | +79.5% | — | — |
| Net income | −1.7% | +10.4% | — | — |
| EPS (diluted) | +15.3% | +51.8% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OSW quarterly EPS vs estimates
OneSpaWorld beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.29).
OSW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $961.0M | $895.0M | $794.0M | $546.3M | $144.0M | $120.9M | $562.2M | $540.8M | $506.7M | $476.3M |
| Cost of revenue | $855.5M | $745.6M | $667.0M | $462.7M | $135.6M | $139.2M | $519.0M | $463.2M | $440.4M | $424.3M |
| Gross profit | $105.5M | $149.5M | $127.0M | $83.6M | $8.4M | −$18.3M | $43.2M | $77.6M | $66.3M | $52.0M |
| Sales, general & admin | $55.2M | $54.5M | $53.9M | $51.6M | $43.7M | $39.1M | $9.3M | $25.6M | $24.5M | $24.9M |
| Total operating expenses | $18.1M | $71.4M | $72.9M | $68.4M | $60.5M | $246.7M | $57.0M | $29.1M | $28.0M | $28.4M |
| Operating income | $87.5M | $78.1M | $54.2M | $15.1M | −$52.1M | −$265.0M | −$13.8M | $48.5M | $38.3M | $23.6M |
| Interest income | $488,000 | $1.2M | $280,000 | $0 | $55,000 | $30,000 | $43,000 | $238,000 | $408,000 | $340,000 |
| Interest expense | $5.2M | $10.0M | $21.4M | $15.8M | $13.5M | $16.1M | $19.5M | $34.1M | $0 | $0 |
| Income before taxes | $76.1M | $76.9M | −$4.5M | $53.8M | −$68.1M | −$287.2M | $56.7M | $14.8M | $38.5M | $23.8M |
| Income taxes | $4.5M | $4.0M | −$1.5M | $624,000 | $429,000 | $814,000 | $11,000 | $1.1M | $5.3M | $5.6M |
| Net income | $71.6M | $72.9M | −$3.0M | $53.2M | −$68.5M | −$288.0M | −$60.7M | $9.9M | $31.1M | $14.9M |
| EBITDA | $106.6M | $111.2M | $38.9M | $91.9M | −$32.1M | −$246.6M | $41.6M | $59.0M | $48.1M | $36.5M |
| EPS (diluted) | $0.98 | $0.85 | $0.62 | $0.28 | −$0.49 | −$0.83 | $0.46 | −$0.14 | −$0.02 | — |
| Gross margin | 11.0% | 16.7% | 16.0% | 15.3% | 5.9% | −15.1% | 7.7% | 14.4% | 13.1% | 10.9% |
| Operating margin | 9.1% | 8.7% | 6.8% | 2.8% | −36.1% | −219.1% | −2.5% | 9.0% | 7.6% | 5.0% |
| Net margin | 7.5% | 8.1% | −0.4% | 9.7% | −47.6% | −238.1% | −10.8% | 1.8% | 6.1% | 3.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $261.2M | $247.6M | $242.1M | $258.5M | $240.7M | $219.6M | $217.2M | $241.7M | $224.9M | $211.2M | $194.8M | $216.3M |
| Cost of revenue | $220.7M | $210.2M | $215.2M | $219.1M | $209.5M | $183.5M | $180.3M | $199.7M | $201.3M | $190.2M | $162.4M | $180.6M |
| Gross profit | $40.5M | $37.4M | $26.9M | $39.5M | $31.2M | $36.2M | $36.9M | $42.0M | $23.6M | $21.0M | $32.4M | $35.7M |
| Sales, general & admin | $16.0M | $14.6M | $13.7M | $17.4M | $13.2M | $4.2M | $15.1M | $12.8M | $14.0M | $12.6M | $13.4M | $14.5M |
| Total operating expenses | $16.0M | $14.6M | $4.9M | $13.2M | $9.1M | $19.3M | $19.7M | $16.9M | $4.7M | $4.1M | $19.8M | $18.7M |
| Operating income | $24.5M | $22.9M | $22.0M | $26.3M | $22.1M | $16.8M | $17.2M | $25.0M | $18.8M | $17.0M | $12.6M | $17.0M |
| Interest expense | $3.4M | $1.2M | $3.4M | $6.2M | $1.2M | $1.1M | $2.4M | $2.5M | $2.2M | $3.0M | $8.7M | $3.7M |
| Income before taxes | $23.4M | $21.7M | $14.8M | $24.9M | $20.7M | $15.7M | $16.0M | $22.5M | $16.6M | $21.7M | −$6.6M | $20.6M |
| Income taxes | $226,000 | $367,000 | $2.7M | $578,000 | $792,000 | $419,000 | $1.6M | $966,000 | $813,000 | $579,000 | $674,000 | −$2.8M |
| Net income | $23.2M | $21.3M | $12.1M | $24.3M | $19.9M | $15.3M | $14.4M | $21.6M | $15.8M | $21.2M | −$7.3M | $23.4M |
| EBITDA | $31.9M | $29.6M | $24.6M | $37.6M | $28.1M | $25.5M | $24.6M | $31.0M | $24.7M | $30.0M | $7.6M | $29.8M |
| EPS (diluted) | $0.27 | $0.27 | $0.22 | $0.29 | $0.25 | $0.22 | $0.20 | $0.26 | $0.20 | $0.19 | $0.12 | $0.22 |
| Gross margin | 15.5% | 15.1% | 11.1% | 15.3% | 13.0% | 16.5% | 17.0% | 17.4% | 10.5% | 10.0% | 16.6% | 16.5% |
| Operating margin | 9.4% | 9.2% | 9.1% | 10.2% | 9.2% | 7.7% | 7.9% | 10.3% | 8.4% | 8.0% | 6.5% | 7.8% |
| Net margin | 8.9% | 8.6% | 5.0% | 9.4% | 8.3% | 7.0% | 6.6% | 8.9% | 7.0% | 10.0% | −3.7% | 10.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OSW's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OSW financial results
In fiscal year 2025 (ended December 31, 2025), OneSpaWorld reported revenue of $961.0 million, up 7.4% from the year before. It had net income of $71.6 million (down 1.7%), a net profit margin of 7.5%. Diluted earnings per share came to $0.98. Over five years revenue grew at an average rate of 51.4% a year.
See the OSW stock overview for the latest quote and news, or the OSW chart for price history and technical indicators.
OSW income statement FAQ
What is OneSpaWorld's annual revenue?
OneSpaWorld reported total revenue of $961.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 7.4% from $895.0 million the previous year.
Is OneSpaWorld profitable?
Yes. OneSpaWorld reported net income of $71.6 million in fiscal 2025, a net profit margin of 7.5%; its operating margin was 9.1%.
What is OneSpaWorld's gross margin?
OneSpaWorld's gross margin was 11.0% in fiscal 2025: for every $100 of revenue, OneSpaWorld kept $11 after the direct cost of its products and services.
How fast is OneSpaWorld growing?
Revenue grew 51.4% a year on average over the last five fiscal years, from $120.9 million to $961.0 million.
What are OneSpaWorld's earnings per share?
OneSpaWorld earned $0.98 per diluted share in fiscal 2025, compared with $0.85 a year earlier.
When will OneSpaWorld report its next earnings?
OneSpaWorld is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does OneSpaWorld's fiscal year end?
OneSpaWorld's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.