REGIS CORP

Listed Company

RGSCIK 0000716643NasdaqNon-AcceleratedSmaller ReportingServices-Personal ServicesMinnesotaFY ends Jun 30

Period

FY 2025

Revenue

$210.13M

Net Income

$123.54M

Total Assets

$598.96M

Equity

$185.62M

Shares Out

2.50M

Op. Cash Flow

$13.74M

Business

Regis Corporation franchises and owns hair care salons and operates a system supporting franchisees and company-owned locations. The Company offers haircutting, styling, shampooing, conditioning, hair coloring and sells professional hair care and beauty products, while earning royalties from franchised salons and revenues from company-owned salons. Operations report in two segments—franchise and company-owned—and encompass salon concepts including Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, Roosters and other Portfolio Brands, plus select international locations. Salons operate primarily in North America in high-traffic strip centers and Walmart Supercenters and use mobile apps, online check-in and brand-funded marketing for distribution and guest engagement.

Summary from filing dated 2025-09-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Franchise rental income (Note 6)	77	95	111	131	127
Total revenue	210	203	233	276	412
Inventory reserve	0	0	1	8	0
General and administrative	47	45	51	65	96
Rent	77	95	111	131	—
Advertising fund expense	22	26	32	33	22
Depreciation and amortization	3	4	8	6	22
Long-lived asset impairment (Note 1)	400,000	800,000	100,000	500,000	13
Total operating expenses	190	182	225	305	506
Operating income	20	21	9	−29	−95
Interest expense	−20	−25	−22	−13	—
Gain on extinguishment of long-term debt, net	0	95	0	0	—
Other, net	2	−172,000	1	−296,000	16
Income (loss) from operations before income taxes	2	90	−12	−44	−109
Income tax benefit (expense)	115	−869,000	655,000	−2	5
Income (loss) from continuing operations	117	89	−11	−46	−103
Income from discontinued operations, net of income taxes (Note 3)	7	2	4	−39	−10
Net income (loss)	124	91	−7	−86	−113
Income (loss) from continuing operations (in dollars per share)	49.51	38.08	−4.88	−21.32	−2.87
Income from discontinued operations (in dollars per share)	2.75	0.85	1.7	−18.08	−0.28
Net income (loss) per share, basic (in dollars per share)	52.26	38.93	−3.18	−39.4	−3.15
Income (loss) from continuing operations (in dollars per share)	43.67	37.5	−4.88	−21.32	—
Income from discontinued operations (in dollars per share)	2.43	0.84	1.7	−18.08	—
Net income (loss) per share, diluted (in dollars per share)	46.1	38.34	−3.18	−39.4	−3.15
Basic (in shares)	2	2	2	2	36
Diluted (in shares)	3	2	2	2	36

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	17	10	10	17	19
Receivables, net	9	9	11	15	26
Inventory	3	818,000	2	3	21
Other current assets	21	22	17	14	17
Total current assets	50	42	37	49	87
Property and equipment, net	10	4	6	13	17
Goodwill (Note 5)	183	173	174	—	230
Other intangibles, net	6	2	3	3	4
Right of use asset (Note 6)	230	288	361	494	611
Deferred tax asset (Note 10)	103	0	—	—	—
Other assets	17	21	—	—	—
Total assets	599	530	607	769	996
Accounts payable	21	13	14	16	27
Accrued expenses	19	22	30	34	51
Long-term debt, current portion (Note 8)	1	0	—	—	—
Short-term lease liability (Note 6)	61	69	82	103	116
Total current liabilities	102	104	126	153	198
Long-term debt, net (Note 8)	110	100	177	—	—
Long-term lease liability (Note 6)	179	231	292	408	518
Other non-current liabilities	23	40	49	59	75
Total liabilities	413	474	644	800	979
Commitments and contingencies (Note 9)	—	—	—	—	—
Common stock, $0.05 par value; issued and outstanding, 2,435,981 and 2,279,948 common shares as of June 30, 2025, and 2024, respectively	122,000	114,000	114,000	2	2
Additional paid-in capital	75	70	67	63	25
Accumulated other comprehensive income	8	9	9	9	10
Retained earnings (deficit)	102	−22	−113	−105	−19
Total shareholders' equity	186	57	−37	−31	—
Total liabilities and shareholders' equity	599	530	607	769	996

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Gain from sale of OSP (Note 3)	−8	−2	−5	36	—
Depreciation and amortization (Note 1)	3	3	7	7	18
Deferred income taxes	−114	519,000	−8,000	391,000	−3
Inventory reserve	0	0	1	11	12
Non-cash interest	5	3	4	0	0
Stock-based compensation	2	2	2	1	3
Amortization of debt discount and financing costs	3	3	3	2	2
Other non-cash items affecting earnings	−202,000	432,000	155,000	709,000	−351,000
Receivables	−37,000	848,000	943,000	12	−279,000
Inventories	871,000	851,000	−182,000	8	18
Income tax receivable	−137,000	1	−577,000	1	1
Other current assets	402,000	−466,000	850,000	10	—
Other assets	4	6	7	3	−3
Ad fund	8	−2	2	—	—
Accounts payable	−504,000	831,000	−2	−11	−22
Accrued expenses	−5	−5	−6	−22	5
Net lease liabilities	−2	−2	−5	−6	−19
Other non-current liabilities	−7	−10	−10	−16	−15
Net cash provided by (used in) operating activities:	14	−2	−8	−39	−100
Capital expenditures	−1	−376,000	−481,000	−5	−11
Net proceeds from sale of OSP	8	2	5	13	0
Business acquisitions, net of cash acquired and certain obligations assumed	−19	0	0	—	—
Net cash (used in) provided by investing activities:	−11	2	4	8	−2
Proceeds from issuance of long-term debt	15	105	0	0	—
Repayments of long-term debt	−1	−96	−11	−17	−589,000
Borrowings on revolving credit facility	4	14	13	10	10
Repayments of revolving credit facility	−14	0	0	—	—
Debt refinancing fees	−1	−14	−4	—	—
Taxes paid for shares withheld	−75,000	−16,000	−36,000	−845,000	−348,000
Net cash provided by (used in) financing activities:	4	8	−2	29	8
Effect of exchange rate changes on cash and cash equivalents	13,000	−31,000	−53,000	−158,000	477,000
Increase (decrease) in cash, cash equivalents and restricted cash	6	8	−6	−2	−94

Filings

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