OneSpaWorld Holdings Limited Earnings Recaps
Q3 2025
Oct 30, 2025
OneSpaWorld reported a record third quarter, achieving all-time highs in total revenues and adjusted EBITDA, underscoring 18 consecutive quarters of growth driven by an expanding operational footprint and innovative services.
Key takeaways
- Total revenues rose 7% to $258.5 million, with net income increasing 13% to $24.3 million.
- Significant expansion in higher-value services, including MedSpa and IV therapy, resulted in strong double-digit sales productivity growth.
- Staff retention improved by 5 points year-over-year, positively impacting key operating metrics such as revenue per passenger per day.
- The company initiated a 25% increase in its quarterly dividend to $0.05 per share, reflecting robust cash flow and growth prospects.
- Continued execution of an asset-light business model generated strong free cash flow, supporting stock buybacks and debt reduction.
Q2 2025
Jul 30, 2025
OneSpaWorld delivered better-than-expected second-quarter results, achieving record revenues and profitability, while maintaining a strong balance sheet and commitment to growth.
Key takeaways
- Total revenues rose 7% year-over-year to $240.7 million; net income increased 27% to $19.9 million.
- Income from operations surged 17% to a record $22.1 million; adjusted EBITDA climbed 13% to $30.5 million.
- Successful expansion of medi-spa services contributed to a 20% growth in treatment sales; services now available on 147 ships.
- Enhanced productivity metrics across health and wellness centers, driven by improved staff training and retention.
- Strong balance sheet enables continued investments in growth alongside shareholder returns, including a $4.1 million quarterly dividend.