ONESPAWORLD HOLDINGS Ltd

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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.

FY2024 · Filed Feb 21, 2025

OSW$32.47+4.3%Stored close · as of Nov 9, 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,
	2024	2023	2022
REVENUES
Service revenues	$723,273	$648,091	$446,518
Product revenues	171,746	145,954	99,741
Total revenues	895,019	794,045	546,259
COST OF REVENUES AND OPERATING EXPENSES
Cost of services	599,756	541,356	375,136
Cost of products	145,799	125,649	87,555
Administrative	18,827	17,111	15,777
Salary, benefits and payroll taxes	35,630	36,805	35,830
Amortization of intangible assets	16,571	16,823	16,823
Long-lived assets impairment	376	2,129	—
Total cost of revenues and operating expenses	816,959	739,873	531,121
Income from operations	78,060	54,172	15,138
OTHER (EXPENSE) INCOME, NET
Interest expense	(10,048)	(21,395)	(15,755)
Interest income	1,167	280	—
Change in fair value of warrant liabilities	7,677	(37,557)	54,400
Total other (expense) income, net	(1,204)	(58,672)	38,645
Income (loss) before income tax expense (benefit)	76,856	(4,500)	53,783
INCOME TAX EXPENSE (BENEFIT)	3,992	(1,526)	624
NET INCOME (LOSS)	$72,864	$(2,974)	$53,159
NET INCOME (LOSS) PER VOTING AND NON-VOTING SHARE
Basic	$0.70	$(0.03)	$0.57
Diluted	$0.69	$(0.03)	$0.49
WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic	104,024	97,826	92,507
Diluted	104,940	97,826	95,105

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.