v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 29,556	$ 57,439
Restricted cash	1,198	1,198
Accounts receivable, net	47,909	46,264
Inventories, net	63,291	46,748
Prepaid expenses	6,471	3,849
Other current assets	6,876	6,007
Total current assets	155,301	161,505
Property and equipment, net	24,085	17,678
Operating lease right-of-use assets, net	12,287	13,898
Intangible assets, net	517,494	530,032
OTHER ASSETS:
Deferred tax asset	1,233	1,233
Other non-current assets	22,195	22,077
Total other assets	23,428	23,310
Total assets	732,595	746,423
LIABILITIES:
Accounts payable	34,562	29,748
Accrued expenses	46,580	41,218
Current portion of operating leases	2,429	2,555
Current portion of long-term debt	0	5,000
Other current liabilities	767	884
Total current liabilities	84,338	79,405
Other long-term liabilities	154	7,333
Long-term operating leases	10,158	11,631
Long-term debt, net	85,154	93,557
Total liabilities	179,804	191,926
Commitments and contingencies (Note 12)
Common stock:
Additional paid-in capital	806,239	833,979
Accumulated deficit	(252,778)	(279,889)
Accumulated other comprehensive (loss) income	(680)	397
Total shareholders' equity	552,791	554,497
Total liabilities and shareholders' equity	732,595	746,423
Voting Common Stock [Member]
Common stock:
Common stock	$ 10	$ 10

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

ONESPAWORLD HOLDINGS Ltd 10-Q