Filing Flows › Onespaworld Holdings (OSW) › Q4 2025
Onespaworld Holdings (OSW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Onespaworld Holdings (OSW) reported revenue of $242M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -6% from the quarter before. Operating margin was 6.8%, net earnings $12.1M (5.0% of revenue).
Onespaworld Holdings, Q4 2025: revenue $242M (+12% year over year), operating margin 6.8%, net earnings $12.1M, operating cash flow $20.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $242M | -6% | +11% |
| Operating profit | $16.4M | -38% | -5% |
| Net earnings | $12.1M | -50% | -16% |
| Operating cash flow | $20.0M | -40% | +21% |
| Free cash flow | $14.9M | -46% | +13% |
What changed
Revenue was $242.1M in Q4 2025, up 11% year over year and down 6% from the previous quarter. Service was the largest line at 82% of revenue.
Operating profit was $16.4M, a 6.8% margin (down 1.2 points year over year). Operating profit fell $860K even though revenue rose $24.9M versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $12.1M, down 16% year over year. The effective tax rate was 18.3%.
Operating cash flow was $20.0M (up 21% year over year), 165% of net earnings. Non-cash charges added back $6.5M of depreciation and amortization and $2.3M of share-based compensation. Capital expenditures of $5.0M left free cash flow of $14.9M.
Questions
What was Onespaworld Holdings' revenue in the fourth quarter 2025?
Onespaworld Holdings (OSW) reported revenue of $242M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -6% from the quarter before.
Was Onespaworld Holdings profitable in the fourth quarter 2025?
Operating profit was $16.4M (6.8% of revenue) and net earnings $12.1M.