ADDED
As of February 20, 2026, the registrant had 101,451,278 voting shares of common stock issued and outstanding.
We have consistently expanded our onboard offerings with innovative, leading-edge service and product introductions, and developed powerful staff recruiting, training and logistics platforms, increasingly powered by emerging technologies, including generative and agentic artificial intelligence applications, and global operations infrastructure to manage our operational complexity, maintain our industry-leading quality standards and maximize revenue per health and wellness center.
These agreements range from three to 8.6 years in duration and average approximately five years in length, providing us with the exclusive right to offer health, wellness, aesthetics and fitness services and the ability to sell complementary products onboard the ships we serve.
Under these long-term agreements, cruise l ine partners retain a specified percentage of revenues from all our sales onboard.
Our health and wellness centers operate aboard cruise ships that served over 28 million guests in 2025, seeking to explore and experience our industry-leading health and wellness services and products to complement and enhance their vacation experience.
We curate and deliver a broad range of offerings centered on providing specific health, wellness, aesthetics and fitness solutions to meet our guests lifestyle routines or objectives.
On average, during the year ended December 31, 2025, guests spent approximately $305 per visit.
For the year ended December 31, 2025, we achieved Revenues of $961.0 million, Net Income of $71.6 million and Adjusted EBITDA of $123.3 million.
In its 2025 State of the Cruise Industry Report, CLIA reported global passenger volume of approximately 34.6 million ocean-going cruisers globally in 2024, a 6.8% increase from 2019 levels .
CLIA noted that global cruise capacity is forecast to continue growing year over year, from approximately 6.3 million passengers in 1995 to an all-time high of 42 million passengers in 2028, representing a compound annual growth rate of 5.8%.
REMOVED
As of February 20, 2025, the registrant had 104,667,247 voting shares of common stock issued and outstanding.
We have consistently expanded our onboard offerings with innovative, leading-edge service and product introductions, and developed a powerful staff recruiting, training and logistics platform and global operations infrastructure to manage our operational complexity, maintain our industry-leading quality standards and maximize revenue per health and wellness center.
These agreements range from three to 8.6 years in duration and average approximately five years in length, providing us with the exclusive right to offer health, fitness, beauty and wellness services and the ability to sell complementary products onboard the ships we serve.
Under these long-term agreements, cruise line partners retain a specified percentage of revenues from all our sales onboard.
Our health and wellness centers served over 26 million guests in 2024, seeking to explore our industry-leading health and wellness services and products to complement and enhance their vacation experience.
We curate and deliver a broad range of offerings centered on providing specific health, fitness, beauty, and wellness solutions to meet our guests lifestyle routines or objectives.
On average, during the year ended December 31, 2024, guests spent approximately $297 per visit.
For the year ended December 31, 2024, we achieved Revenues of $895.0 million, Net Income of $72.9 million and Adjusted EBITDA of $112.1 million.
In its 2024 State of the Cruise Industry Report, CLIA reported global passenger volume of approximately 31.7 million passengers during 2023, having reached nearly 107% of 2019 levels.
CLIA noted that global cruise capacity is forecast to grow at least 10% from 2024 to 2028, continuing the pre-pandemic trend of global passenger counts having grown every year, from approximately 6.3 million passengers in 1995 to a forecast all-time high of nearly 40 million passengers in 2027, representing a compound annual growth rate of 5.8%.