OneSpaWorld Holdings (NASDAQ:OSW) unveiled its financial results for the first quarter ended March 31, 2026, highlighting sustained momentum in the global cruise and resort wellness sectors.
The company, which dominates the maritime health and beauty market, posted total revenues of $247.6 million, representing a 13% increase compared to the $219.6 million reported in the first quarter of 2025.
The quarterly revenue figures include $1.4 million related to the company’s Asian resorts business, which is currently in the process of being exited as OneSpaWorld streamlines its operations to focus on its high-margin core maritime segments.
The company’s profitability metrics saw significant expansion during the period.
Income from operations rose 36% to $22.9 million, up from $16.8 million in the prior-year period.
Net income followed a similar trajectory, increasing 40% to reach $21.3 million.
Adjusted EBITDA, a key indicator of the company’s operational performance, grew 21% to $32.2 million, reflecting strong flow-through from the increased revenue base.
Management noted that the year-over-year comparisons were impacted by $2.5 million in non-recurring severance expenses recorded in the first quarter of 2025, which were not repeated in the current period.