OSWONESPAWORLD HOLDINGS Ltd
Services-Membership Sports & Recreation Clubs
- Revenue
- $961M
- 7.4% YoY
- Operating margin
- 8.5%
- 2.6% YoY
- EBITDA
- $107M
- 4.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.5×
- $52M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear117% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired111% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear26% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $144M | $546M | $794M | $895M | $961M | 7.4% |
| Operating income | −$52M | $15M | $54M | $78M | $82M | 4.6% |
| Net income | −$69M | $53M | −$3M | $73M | $72M | 1.7% |
| Operating cash flow | −$35M | $25M | $63M | $79M | $84M | 6.0% |
| Capex | $3M | $5M | $5M | $7M | $15M | 124% |
| Stock-based comp | $11M | $13M | $10M | $9M | $10M | 11% |
| Buybacks | — | — | $9M | $19M | $75M | 297% |
| Dividends | — | — | — | $8M | $17M | 110% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 207 | 156 |
| FY2024 | — | — | 197 | 147 |
| FY2023 | — | — | 139 | 122 |
| FY2022 | — | — | 92 | 92 |
| FY2021 | — | — | 99 | 124 |