ONESPAWORLD HOLDINGS Ltd

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

OSW$32.22-0.8%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

	Year Ended December 31,
	2023	2022	2021
REVENUES
Service revenues	$648,091	$446,518	$115,945
Product revenues	145,954	99,741	28,086
Total revenues	794,045	546,259	144,031
COST OF REVENUES AND OPERATING EXPENSES
Cost of services	541,356	375,136	108,939
Cost of products	125,649	87,555	26,646
Administrative	17,111	15,777	15,526
Salary, benefits and payroll taxes	36,805	35,830	28,151
Amortization of intangible assets	16,823	16,823	16,829
Long-lived assets impairment	2,129	—	—
Total cost of revenues and operating expenses	739,873	531,121	196,091
Income (loss) from operations	54,172	15,138	(52,060)
OTHER (EXPENSE) INCOME, NET
Interest expense	(21,395)	(15,755)	(13,488)
Interest income	280	—	55
Change in fair value of warrant liabilities	(37,557)	54,400	(2,600)
Total other (expense) income, net	(58,672)	38,645	(16,033)
(Loss) Income before income tax (benefit) expense	(4,500)	53,783	(68,093)
INCOME TAX (BENEFIT) EXPENSE	(1,526)	624	429
NET (LOSS) INCOME	$(2,974)	$53,159	$(68,522)
NET (LOSS) INCOME PER VOTING AND NON-VOTING SHARE
Basic	$(0.03)	$0.57	$(0.76)
Diluted	$(0.03)	$0.49	$(0.76)
WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic	97,826	92,507	90,134
Diluted	97,826	95,105	90,134

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.