Filing Flows › Onespaworld Holdings (OSW) › Q1 2026
Onespaworld Holdings (OSW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Onespaworld Holdings (OSW) reported revenue of $248M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +2% from the quarter before. Operating margin was 9.2%, net earnings $21.3M (8.6% of revenue).
Onespaworld Holdings, Q1 2026: revenue $248M (+13% year over year), operating margin 9.2%, net earnings $21.3M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $248M | +2% | +13% |
| Operating profit | $22.9M | +40% | +36% |
| Net earnings | $21.3M | +77% | +40% |
| Operating cash flow | $9.1M | -54% | -10% |
| Free cash flow | $4.7M | -68% | -44% |
What changed
Revenue was $247.6M in Q1 2026, up 13% year over year and up 2% from the previous quarter. Service was the largest line at 82% of revenue. Service added $25.1M year over year (up 14%), 90% of the total change.
Operating profit was $22.9M, a 9.2% margin (up 1.6 points year over year). Of the extra revenue versus Q1 2025, 22% reached operating profit, above the 8% margin then. Total costs grew 11% against revenue growth of 13%. The fastest-growing cost line was General & admin (+47%). Net earnings were $21.3M, up 40% year over year. The effective tax rate was 1.7%.
Operating cash flow was $9.1M (down 10% year over year), 43% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $21.5M. Capital expenditures of $4.3M left free cash flow of $4.7M.
Questions
What was Onespaworld Holdings' revenue in the first quarter 2026?
Onespaworld Holdings (OSW) reported revenue of $248M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +2% from the quarter before.
Was Onespaworld Holdings profitable in the first quarter 2026?
Operating profit was $22.9M (9.2% of revenue) and net earnings $21.3M.