Filing Flows › Onespaworld Holdings (OSW) › Q1 2025
Onespaworld Holdings (OSW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Onespaworld Holdings (OSW) reported revenue of $220M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 7.7%, net earnings $15.3M (7.0% of revenue).
Onespaworld Holdings, Q1 2025: revenue $220M (+4% year over year), operating margin 7.7%, net earnings $15.3M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $220M | +1% | +4% |
| Operating profit | $16.8M | -2% | -0.8% |
| Net earnings | $15.3M | +6% | -28% |
| Operating cash flow | $10.1M | -39% | -32% |
| Free cash flow | $8.4M | -36% | -39% |
What changed
Revenue was $219.6M in Q1 2025, up 4% year over year and up 1% from the previous quarter. Service was the largest line at 81% of revenue. Service added $6.3M year over year (up 4%), 75% of the total change.
Operating profit was $16.8M, a 7.7% margin (down 0.4 points year over year). Operating profit fell $140K even though revenue rose $8.4M versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 4%. Net earnings were $15.3M, down 28% year over year. The effective tax rate was 2.7%.
Operating cash flow was $10.1M (down 32% year over year), 66% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $14.9M. Capital expenditures of $1.7M left free cash flow of $8.4M.
Questions
What was Onespaworld Holdings' revenue in the first quarter 2025?
Onespaworld Holdings (OSW) reported revenue of $220M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +1% from the quarter before.
Was Onespaworld Holdings profitable in the first quarter 2025?
Operating profit was $16.8M (7.7% of revenue) and net earnings $15.3M.