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.<h4>Financial Highlights</h4><h5>Revenue</h5><ul><li>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 .</li><li>Service revenues were $203,660 thousand in Q1 2026, marking a 14% increase from $178,519 thousand in Q1 2025 .</li><li>Product revenues rose by 7% to $43,971 thousand in Q1 2026, up from $41,111 thousand in Q1 2025 .</li></ul><h5>Profitability</h5><ul><li>Net income increased by 40% to $21.3 million in Q1 2026, compared to $15.3 million in Q1 2025 .</li><li>Income from operations grew by 36% to $22.9 million in Q1 2026, up from $16.8 million in Q1 2025 .</li><li>Adjusted EBITDA saw a 21% increase to $32.2 million in Q1 2026, compared to $26.6 million in Q1 2025 .</li><li>Adjusted net income was $27,961 thousand in Q1 2026, compared to $22,592 thousand in Q1 2025 .</li><li>Income before income tax expense was $21,697 thousand in Q1 2026, an increase of 38% from $15,690 thousand in Q1 2025 .</li><li>Income tax expense was $367 thousand in Q1 2026, a 12% decrease from $419 thousand in Q1 2025 .</li></ul><h5>Operating Costs</h5><ul><li>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 .</li><li>Cost of products increased by $2.5 million in Q1 2026, totaling $37,819 thousand, up 7% from $35,297 thousand in Q1 2025 .</li><li>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 .</li><li>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 .</li><li>Amortization of intangible assets was $4,068 thousand in Q1 2026, a 2% decrease from $4,134 thousand in Q1 2025 .</li><li>Total cost of revenues and operating expenses was $224,764 thousand in Q1 2026, an 11% increase from $202,793 thousand in Q1 2025 .</li><li>Interest expense, net was -$1,170 thousand in Q1 2026, compared to -$1,147 thousand in Q1 2025 .</li></ul><h5>Cash Flow and Balance Sheet</h5><ul><li>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 .</li><li>Total liquidity, including the fully undrawn $50 million credit facility, was $67.3 million at March 31, 2026 .</li><li>Total debt, net of deferred financing costs, stood at $82.8 million at March 31, 2026 .</li><li>Capital Expenditures were $4,345 thousand in Q1 2026, compared to $1,697 thousand in Q1 2025 .</li></ul><h4>Operational Metrics</h4><ul><li>Period End Ship Count was 208 in Q1 2026, up from 199 in Q1 2025 .</li><li>Average Ship Count for the quarter was 202 in Q1 2026, compared to 193 in Q1 2025 .</li><li>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 .</li><li>Average Resort Count for the quarter was 37 in Q1 2026, compared to 49 in Q1 2025 .</li><li>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 .</li><li>Average Weekly Revenue Per Ship was $91,872 in Q1 2026, compared to $84,177 in Q1 2025 .</li><li>Average Revenue Per Shipboard Staff Per Day was $597 in Q1 2026, up from $562 in Q1 2025 .</li><li>Revenue Days totaled 18,175 in Q1 2026, compared to 17,401 in Q1 2025 .</li><li>Average Weekly Revenue Per Resort was $17,505 in Q1 2026, compared to $15,247 in Q1 2025 .</li></ul><h4>Outlook / Guidance</h4>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 .

OneSpaWorld | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 247.63 M