OneSpaWorld (NASDAQ:OSW) Releases Earnings Results, Misses Expectations By $0.02 EPS

OneSpaWorld (NASDAQ:OSW) issued its earnings results on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02), FiscalAI reports. The firm had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a net margin of 7.45% and a return on equity of 17.07%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share.

Here are the key takeaways from OneSpaWorld’s conference call:

• OneSpaWorld reported a record Q4 and FY2025 with double-digit revenue and Adjusted EBITDA growth, 19 consecutive quarters of YoY growth, and reiterated 2026 guidance expecting total revenues of $1.01B–$1.03B and Adjusted EBITDA of $128M–$138M.
• Management is rolling out AI and machine‑learning tools — including a pre-booking dynamic price optimization engine and an onboard virtual assistant (deployed on 180 vessels) — to boost utilization and yield, though potential benefits are not included in current 2026 guidance.
• The company took restructuring and impairment charges tied to exiting land-based Asian operations and reorganizing the U.K. and Italy (Q4 restructuring $2.7M; long‑lived asset impairment $3.0M), which reduced net income in the quarter.
• Higher‑value MedSpa services and new technologies (Morpheus8 FLX, CoolSculpting Elite, Acupuncture LED) drove strong growth (23%–40% revenue gains in Q4 vs. prior year) and MedSpa availability increased to 153 ships, targeting 157 by year‑end 2026.
• The balance sheet and capital allocation remain focused on shareholder returns and deleveraging — ~$93M returned via buybacks/dividends in 2025, $75.4M spent to repurchase 3.9M shares, paid $15M on the term loan, and net debt declined to $84M with $67.5M total liquidity at year‑end.

OneSpaWorld Price Performance

NASDAQ:OSW remained flat at $22.42 during trading hours on Friday. The company had a trading volume of 191,913 shares, compared to its average volume of 1,432,131. OneSpaWorld has a fifty-two week low of $14.21 and a fifty-two week high of $23.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.09. The stock has a fifty day simple moving average of $21.09 and a two-hundred day simple moving average of $21.28. The stock has a market capitalization of $2.29 billion, a P/E ratio of 32.45 and a beta of 1.03.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, March 11th. OneSpaWorld’s dividend payout ratio is currently 28.17%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OSW shares. Stifel Nicolaus dropped their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Truist Financial upped their target price on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, TD Cowen decreased their price objective on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $25.00.

Insider Transactions at OneSpaWorld

In related news, Director Andrew R. Heyer sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the completion of the transaction, the director owned 509,817 shares of the company’s stock, valued at $10,293,205.23. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Lazarus sold 8,569 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the completion of the sale, the chief executive officer owned 351,250 shares in the company, valued at $7,418,400. This represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,569 shares of company stock valued at $685,827. 3.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in shares of OneSpaWorld by 0.9% during the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after purchasing an additional 849 shares in the last quarter. Arax Advisory Partners boosted its position in OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares during the period. Captrust Financial Advisors increased its position in OneSpaWorld by 10.1% in the 2nd quarter. Captrust Financial Advisors now owns 14,389 shares of the company’s stock valued at $293,000 after acquiring an additional 1,325 shares during the period. Brown Brothers Harriman & Co. acquired a new position in OneSpaWorld in the 4th quarter valued at approximately $31,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of OneSpaWorld during the third quarter worth $50,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Company Profile

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.