--- title: "OneSpaWorld | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 247.63 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284553219.md" datetime: "2026-04-29T11:02:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284553219.md) - [en](https://longbridge.com/en/news/284553219.md) - [zh-HK](https://longbridge.com/zh-HK/news/284553219.md) --- # OneSpaWorld | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 247.63 M Revenue: As of FY2026 Q1, the actual value is USD 247.63 M, beating the estimate of USD 243.88 M. EPS: As of FY2026 Q1, the actual value is USD 0.21, beating the estimate of USD 0.1933. EBIT: As of FY2026 Q1, the actual value is USD 24.04 M. #### Financial Highlights ##### Revenue - **Total revenues** increased by 13% to $247.6 million in the first quarter of 2026, compared to $219.6 million in the first quarter of 2025, which includes $1.4 million in revenues from the Company’s Asian resorts business in Q1 2026, down from $1.9 million in Q1 2025 . - **Service revenues** were $203,660 thousand in Q1 2026, marking a 14% increase from $178,519 thousand in Q1 2025 . - **Product revenues** rose by 7% to $43,971 thousand in Q1 2026, up from $41,111 thousand in Q1 2025 . ##### Profitability - **Net income** increased by 40% to $21.3 million in Q1 2026, compared to $15.3 million in Q1 2025 . - **Income from operations** grew by 36% to $22.9 million in Q1 2026, up from $16.8 million in Q1 2025 . - **Adjusted EBITDA** saw a 21% increase to $32.2 million in Q1 2026, compared to $26.6 million in Q1 2025 . - **Adjusted net income** was $27,961 thousand in Q1 2026, compared to $22,592 thousand in Q1 2025 . - **Income before income tax expense** was $21,697 thousand in Q1 2026, an increase of 38% from $15,690 thousand in Q1 2025 . - **Income tax expense** was $367 thousand in Q1 2026, a 12% decrease from $419 thousand in Q1 2025 . ##### Operating Costs - **Cost of services** increased by $20.2 million in Q1 2026, reaching $168,312 thousand, a 14% rise from $148,154 thousand in Q1 2025 . - **Cost of products** increased by $2.5 million in Q1 2026, totaling $37,819 thousand, up 7% from $35,297 thousand in Q1 2025 . - **Administrative expenses** were $6.2 million in Q1 2026, compared to $4.2 million in Q1 2025, mainly due to a $1.9 million increase in third-party fees . - **Salaries, benefits and payroll taxes** were $8.4 million in Q1 2026, down from $11.0 million in Q1 2025, primarily due to the non-recurrence of $2.5 million in separation-related expenses in Q1 2025 . - **Amortization of intangible assets** was $4,068 thousand in Q1 2026, a 2% decrease from $4,134 thousand in Q1 2025 . - **Total cost of revenues and operating expenses** was $224,764 thousand in Q1 2026, an 11% increase from $202,793 thousand in Q1 2025 . - **Interest expense, net** was -$1,170 thousand in Q1 2026, compared to -$1,147 thousand in Q1 2025 . ##### Cash Flow and Balance Sheet - **Cash** totaled $17.3 million at March 31, 2026, after paying $5.1 million in quarterly dividends and repaying $1.3 million of the Term Loan Facility . - **Total liquidity**, including the fully undrawn $50 million credit facility, was $67.3 million at March 31, 2026 . - **Total debt**, net of deferred financing costs, stood at $82.8 million at March 31, 2026 . - **Capital Expenditures** were $4,345 thousand in Q1 2026, compared to $1,697 thousand in Q1 2025 . #### Operational Metrics - **Period End Ship Count** was 208 in Q1 2026, up from 199 in Q1 2025 . - **Average Ship Count** for the quarter was 202 in Q1 2026, compared to 193 in Q1 2025 . - **Period End Resort Count** was 36 in Q1 2026, down from 50 in Q1 2025, with Asian operations having 22 health and wellness centers operational, reduced from 35 in Q1 2025 . - **Average Resort Count** for the quarter was 37 in Q1 2026, compared to 49 in Q1 2025 . - **Staff Count** for cruise ship health and wellness centers reached 4,585 personnel at the end of Q1 2026, up from 4,240 personnel on March 31, 2025 . - **Average Weekly Revenue Per Ship** was $91,872 in Q1 2026, compared to $84,177 in Q1 2025 . - **Average Revenue Per Shipboard Staff Per Day** was $597 in Q1 2026, up from $562 in Q1 2025 . - **Revenue Days** totaled 18,175 in Q1 2026, compared to 17,401 in Q1 2025 . - **Average Weekly Revenue Per Resort** was $17,505 in Q1 2026, compared to $15,247 in Q1 2025 . #### Outlook / Guidance OneSpaWorld Holdings Limited provides second quarter 2026 guidance, projecting total revenues between $257 million and $262 million and Adjusted EBITDA between $32.5 million and $34.5 million . For the full fiscal year 2026, the company expects total revenues ranging from $1.014 billion to $1.034 billion and Adjusted EBITDA between $129 million and $139 million . The company also plans to initiate health and wellness center operations on six new ship builds during 2026 to further strengthen its market leadership . ### Related Stocks - [OSW.US](https://longbridge.com/en/quote/OSW.US.md) ## Related News & Research - [OneSpaWorld Q1 revenue rises 13%, beats estimates on cruise ship expansion](https://longbridge.com/en/news/284551711.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Golar LNG Limited Interim results for the period ended March 31, 2026 | GLNG Stock News](https://longbridge.com/en/news/287049852.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)