ONESPAWORLD HOLDINGS Ltd

For the period ended Dec 31, 2025. Filed Feb 23, 2026.

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.

FY2025 · Filed Feb 23, 2026

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,
	2025	2024	2023
REVENUES
Service revenues	$777,262	$723,273	$648,091
Product revenues	183,739	171,746	145,954
Total revenues	961,001	895,019	794,045
COST OF REVENUES AND OPERATING EXPENSES
Cost of services	645,360	599,756	541,356
Cost of products	156,493	145,799	125,649
Administrative	18,063	18,827	17,111
Salary, benefits and payroll taxes	37,092	35,630	36,805
Amortization of intangible assets	16,508	16,571	16,823
Restructuring expenses	2,703	—	—
Long-lived assets impairment	3,145	376	2,129
Total cost of revenues and operating expenses	879,364	816,959	739,873
Income from operations	81,637	78,060	54,172
OTHER (EXPENSE) INCOME, NET
Interest expense	(5,665)	(10,048)	(21,395)
Interest income	488	1,167	280
Change in fair value of warrant liabilities	—	7,677	(37,557)
Other expense	(348)	—	—
Total other expense, net	(5,525)	(1,204)	(58,672)
Income (loss) before income tax expense (benefit)	76,112	76,856	(4,500)
INCOME TAX EXPENSE (BENEFIT)	4,494	3,992	(1,526)
NET INCOME (LOSS)	$71,618	$72,864	$(2,974)
NET INCOME (LOSS) PER VOTING AND NON-VOTING SHARE
Basic	$0.69	$0.70	$(0.03)
Diluted	$0.69	$0.69	$(0.03)
WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic	103,191	104,024	97,826
Diluted	103,666	104,940	97,826

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.