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OneSpaWorld Holdings Ltd (OSW)
NASDAQ:OSW
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operating momentum and financial performance — record Q4, double‑digit growth in several adjusted metrics, fleet and Medi‑Spa expansion, meaningful AI deployments, and bullish >$1B 2026 revenue guidance. The company also completed substantial capital returns and reduced net debt. Negative items were limited to one‑time restructuring charges and asset impairments tied to the strategic exit of Asian land‑based operations, a dip in GAAP net income for the quarter, and some increased costs tied to higher service/product activity. Overall the positives (growth, margin expansion on adjusted basis, clear roadmap for AI and dynamic pricing, balance sheet progress and shareholder returns) materially outweigh the transitory negatives.Company Guidance
Record Q4 Performance and Double‑Digit Growth
Total revenue for Q4 increased 11% year-over-year to $242.1M (vs. $217.2M). Adjusted EBITDA for Q4 rose to $31.2M from $26.7M (approximately +16.9%). Adjusted net income for Q4 increased to $24.3M from $21.4M (approximately +13.6%).
Full‑Year Strength — Revenue, EBITDA and Adjusted Net Income Growth
Fiscal 2025 total revenue was $961M, up 7% from $895M a year earlier. Adjusted EBITDA for the year increased 10% to $123.3M (from $112.1M). Adjusted net income rose 15% to $102.9M (from $89.7M).
Fleet and Service Expansion
At year-end the company operated health & wellness centers on 206 ships (average ship count 199 for the quarter vs. 188 in fiscal 2024). Introduced 2 new centers in Q4 (Disney Destiny and Star Seeker) and 8 ship builds for the year. Management expects 6 new ship builds in 2026 (3 beginning voyages in H1).
Medi‑Spa Adoption and High Growth Technologies
Medi‑Spa services were available on 153 ships at year-end (up from 147). Adoption of next‑generation technologies (Thermage FLX, CoolSculpting Elite, Acupuncture LED) generated between 23% and 40% revenue growth in Q4 versus the prior year for those technologies. Company expects Medi‑Spa on ~157 ships by year‑end 2026.
Operational Metrics & Workforce Improvements
Key operating metrics improved across the board including revenue per passenger per day, weekly revenue, pre‑cruise revenue and revenue per staff per day. Cruise ship personnel increased to 4,582 from 4,352 year‑over‑year. Staff retention improved by 4 percentage points versus 2024, supporting higher revenue per experienced staffer.
AI & Productivity Initiatives
Deployment of an onboard virtual assistant expanded to 180 vessels (up from 40 in Q3); the assistant answers ~80% of questions within seconds. Company implemented ML/algorithmic revenue tools and is building a dynamic price optimization model for prebooking (over 11,500 itineraries open for prebooking). Initial AI benefits are encouraging; current 2026 guidance does not include incremental AI upside.
Strong Capital Allocation and Balance Sheet Actions
Returned nearly $93M to shareholders during the year (dividends and buybacks). Repurchased $75.4M for ~3.9M common shares and paid $15M on term loan. Total cash at year‑end $17.5M, full $50M revolver available (total liquidity $67.5M). Total debt (net) decreased to $84M from $98.6M. $37.5M remains under prior $75M repurchase authorization.
Confident 2026 Guidance (Revenue > $1B)
Reaffirmed fiscal 2026 guidance calling for total revenues of $1.01B–$1.03B (first time expected to exceed $1B) and adjusted EBITDA of $128M–$138M — both described as high single‑digit increases at the midpoint vs. fiscal 2025 (guidance excludes exited/reorganized operations). Q1 2026 revenue expected $241M–$246M; Q1 adjusted EBITDA $30M–$32M.
Revenue Drivers Called Out
Management quantified Q4 revenue drivers: fleet expansion from 2025 new ship builds contributed $15.5M, a 2% increase in revenue days contributed $8.7M, and a 1% increase in average guest spend contributed $2.1M to the Q4 revenue increase.
OSW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OSW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $23.38 | $22.26 | -4.79% |
Oct 29, 2025 | $21.24 | $21.89 | +3.06% |
Jul 30, 2025 | $21.66 | $22.13 | +2.21% |
Apr 30, 2025 | $17.53 | $16.59 | -5.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does OneSpaWorld Holdings Ltd (OSW) report earnings?
OneSpaWorld Holdings Ltd (OSW) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is OneSpaWorld Holdings Ltd (OSW) earnings time?
OneSpaWorld Holdings Ltd (OSW) earnings time is at May 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OSW EPS forecast?
OSW EPS forecast for the fiscal quarter 2026 (Q1) is 0.26.