Revenue growth remains highly inconsistent, evidenced by an 8.0% contraction in 2026Q3 following a 28.0% surge in 2026Q1, while gross margins have compressed to 29.9% from a 41.2% peak in 2025Q2.
Regis Corporation (RGS) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Jun'26 | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 |
|---|
| Sales/Revenue | 219.87M | 224.49M | 210.13M | 202.98M | 233.33M | 275.97M | 411.65M | 669.73M | 1.07B | 1.21B | 1.69B | 1.79B | 1.84B | 1.89B | 2.02B | 2.27B | 2.33B | 2.36B | 2.43B | 2.74B | 2.63B | 2.43B | 2.19B | 1.92B | 1.68B | 1.45B | 1.31B | 1.14B | 974.9M | 798.1M | 713.2M |
| Revenue Growth % | -1.42% | 6.83% | 3.52% | -13% | -15.45% | -32.96% | -38.53% | -37.35% | -11.95% | -28.24% | -5.53% | -2.53% | -2.91% | -6.26% | -11.22% | -2.24% | -1.38% | -2.94% | -11.28% | 4.27% | 8.05% | 10.78% | 14.1% | 14.16% | 15.84% | 10.87% | 14.75% | 17.24% | 22.15% | 11.9% | 42.81% |
| Cost of Goods Sold | 132.11M | 140.38M | 129.63M | 126.44M | 156.78M | 210.35M | 334.38M | 467.28M | 581.64M | 671.21M | 1B | 1.05B | 1.06B | 1.09B | 1.16B | 1.23B | 1.26B | 1.28B | 1.33B | 1.49B | 1.4B | 1.5B | 1.36B | 1.24B | 1B | 940.17M | 714.12M | 714.28M | 741.5M | 612.5M | 457.4M |
| COGS % of Revenue | - | 62.53% | 61.69% | 62.29% | 67.19% | 76.22% | 81.23% | 69.77% | 54.41% | 55.29% | 59.37% | 58.49% | 57.87% | 57.84% | 57.43% | 54.31% | 54.3% | 54.26% | 54.64% | 54.28% | 53.12% | 61.67% | 61.76% | 64.32% | 59.64% | 64.65% | 54.45% | 62.49% | 76.06% | 76.74% | 64.13% |
| Gross Profit | 87.75M | 84.11M | 80.51M | 76.55M | 76.54M | 65.62M | 77.28M | 202.45M | 487.4M | 542.87M | 687.35M | 743.34M | 774.01M | 797.94M | 859.45M | 1.04B | 1.06B | 1.08B | 1.1B | 1.25B | 1.23B | 931.73M | 839.15M | 686.23M | 679.82M | 514.02M | 597.5M | 428.71M | 233.4M | 185.6M | 255.8M |
| Gross Margin % | 39.91% | 37.47% | 38.31% | 37.71% | 32.81% | 23.78% | 18.77% | 30.23% | 45.59% | 44.71% | 40.63% | 41.51% | 42.13% | 42.16% | 42.57% | 45.69% | 45.7% | 45.74% | 45.36% | 45.72% | 46.88% | 38.33% | 38.24% | 35.68% | 40.36% | 35.35% | 45.55% | 37.51% | 23.94% | 23.26% | 35.87% |
| Gross Profit Growth % | - | 4.47% | 5.18% | 0% | 16.65% | -15.08% | -61.83% | -58.46% | -10.22% | -21.02% | -7.53% | -3.96% | -3% | -7.16% | -17.28% | -2.26% | -1.47% | -2.11% | -11.99% | 1.69% | 32.15% | 11.03% | 22.29% | 0.94% | 32.25% | -13.97% | 39.37% | 83.68% | 25.75% | -27.44% | 17.23% |
| Operating Expenses | 63.92M | 59.66M | 60.57M | 55.66M | 67.76M | 94.52M | 171.95M | 278.88M | 487.7M | 542.6M | 688.56M | 725.73M | 770.48M | 796.99M | 847.12M | 960.17M | 984.97M | 946.34M | 951.3M | 1.08B | 1.07B | 760.92M | 701.26M | 505.51M | 520.88M | 380.16M | 488.22M | 328.56M | 154.4M | 122.2M | 206.5M |
| OpEx % of Revenue | - | 26.58% | 28.82% | 27.42% | 29.04% | 34.25% | 41.77% | 41.64% | 45.62% | 44.69% | 40.7% | 40.52% | 41.94% | 42.11% | 41.96% | 42.23% | 42.35% | 40.13% | 39.15% | 39.36% | 40.61% | 31.3% | 31.96% | 26.29% | 30.92% | 26.14% | 37.22% | 28.75% | 15.84% | 15.31% | 28.95% |
| Selling, General & Admin | 54.82M | 55.5M | 57.25M | 50.91M | 59.95M | 74.63M | 137.18M | 278.88M | 308.82M | 357.14M | 453.79M | 475.3M | 495.18M | 494.9M | 551.46M | 842.1M | 879.87M | 837.57M | 829.91M | 947.43M | 919.57M | 645.02M | 609.51M | 430.55M | 454.13M | 321.18M | 423.44M | 274.44M | 110.3M | 86.5M | 174.4M |
| SG&A % of Revenue | - | 24.72% | 27.25% | 25.08% | 25.69% | 27.04% | 33.32% | 41.64% | 28.89% | 29.42% | 26.82% | 26.54% | 26.95% | 26.15% | 27.32% | 37.04% | 37.83% | 35.51% | 34.16% | 34.59% | 35.01% | 26.53% | 27.78% | 22.39% | 26.96% | 22.09% | 32.28% | 24.01% | 11.31% | 10.84% | 24.45% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1.51M | 4.16M | 3.32M | 4.74M | 7.82M | 19.89M | 34.77M | 0 | 178.88M | 185.45M | 234.77M | 250.42M | 275.31M | 302.09M | 295.67M | 118.07M | 105.11M | 108.76M | 121.39M | 130.45M | 147.14M | 115.9M | 91.75M | 74.96M | 66.75M | 58.98M | 64.78M | 54.12M | 44.1M | 35.7M | 32.1M |
| Operating Income | 23.83M | 24.45M | 19.94M | 20.89M | 8.78M | -28.9M | -94.68M | -76.43M | 6.01M | 274K | -1.2M | 17.61M | 3.53M | -33.99M | 12.33M | -67.31M | 3.95M | 97.22M | 109.07M | 174.3M | 164.61M | 204.49M | 137.89M | 180.72M | 158.94M | 133.86M | 109.28M | 100.16M | 79M | 63.4M | 49.3M |
| Operating Margin % | 10.84% | 10.89% | 9.49% | 10.29% | 3.76% | -10.47% | -23% | -11.41% | 0.56% | 0.02% | -0.07% | 0.98% | 0.19% | -1.8% | 0.61% | -2.96% | 0.17% | 4.12% | 4.49% | 6.36% | 6.27% | 8.41% | 6.28% | 9.4% | 9.44% | 9.21% | 8.33% | 8.76% | 8.1% | 7.94% | 6.91% |
| Operating Income Growth % | - | 22.61% | -4.55% | 137.95% | 130.38% | 69.48% | -23.87% | -1371.08% | 2094.53% | 122.76% | -106.84% | 398.84% | 110.39% | -375.76% | 118.31% | -1804.99% | -95.94% | -10.87% | -37.42% | 5.88% | -19.5% | 48.3% | -23.7% | 13.7% | 18.73% | 22.5% | 9.11% | 26.78% | 24.61% | 28.6% | 12.81% |
| EBITDA | 28.07M | 28.31M | 22.82M | 24.29M | 19.59M | -22.39M | -76.81M | -43.33M | 39.27M | 43.45M | 53.76M | 74.61M | 71.79M | 47.42M | 96.34M | 50.76M | 109.06M | 205.98M | 224.73M | 294.27M | 281.94M | 311.96M | 229.64M | 256.26M | 226.34M | 193.6M | 174.2M | 154.27M | 123.1M | 99.1M | 81.4M |
| EBITDA Margin % | 12.77% | 12.61% | 10.86% | 11.97% | 8.4% | -8.11% | -18.66% | -6.47% | 3.67% | 3.58% | 3.18% | 4.17% | 3.91% | 2.51% | 4.77% | 2.23% | 4.69% | 8.73% | 9.25% | 10.74% | 10.73% | 12.83% | 10.47% | 13.33% | 13.44% | 13.31% | 13.28% | 13.5% | 12.63% | 12.42% | 11.41% |
| EBITDA Growth % | -0.34% | 24.08% | -6.08% | 23.98% | 187.5% | 70.84% | -77.26% | -210.32% | -9.6% | -19.18% | -27.95% | 3.92% | 51.4% | -50.78% | 89.81% | -53.46% | -47.06% | -8.34% | -23.63% | 4.37% | -9.62% | 35.85% | -10.39% | 13.22% | 16.91% | 11.13% | 12.92% | 25.32% | 24.22% | 21.74% | 30.24% |
| D&A (Non-Cash Add-back) | 4.24M | 3.86M | 2.88M | 3.4M | 10.82M | 6.5M | 17.87M | 33.1M | 33.26M | 43.17M | 54.96M | 56.99M | 68.26M | 81.41M | 84.02M | 118.07M | 105.11M | 108.76M | 115.66M | 119.98M | 117.33M | 107.47M | 91.75M | 75.55M | 67.4M | 59.73M | 64.92M | 54.12M | 44.1M | 35.7M | 32.1M |
| EBIT | 25.07M | 26.54M | 21.79M | 115.33M | 10.14M | -31.53M | -95.47M | -169.29M | -17.47M | 301K | 14.51M | 27.48M | 5.23M | -33.01M | 48.73M | 2.93M | -9.56M | 107.63M | 118.53M | 174.3M | 164.61M | 170.81M | 137.89M | 178.75M | 158.94M | 133.86M | 109.28M | 100.16M | 81.47M | 67.84M | 6.7M |
| Net Interest Income | -20.5M | -20.67M | -20.25M | -25.39M | -22.14M | -12.91M | -13.16M | -4.17M | -3.07M | -5.29M | -7.11M | -5.52M | -8.51M | -20.34M | -1.58M | -23.15M | -29.65M | -44M | -30.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.35M | 1.73M | 6.67M | 3.07M | 4.22M | 1.7M | 1.95M | 35.37M | 5.13M | 4.81M | 10.41M | 9.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 20.5M | 20.67M | 20.25M | 25.39M | 22.14M | 12.91M | 13.16M | 7.52M | 4.79M | 10.49M | 8.7M | 9.32M | 10.21M | 22.29M | 37.59M | 28.25M | 34.39M | 54.41M | 39.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -19.27M | -18.58M | -18.4M | 69.05M | -20.78M | -15.54M | -13.96M | -100.38M | -148K | -10.46M | -6.62M | -11.25M | -8.51M | -32.93M | -3.26M | -23.15M | -47.88M | -44M | -30.31M | -36.2M | -36.66M | -34.34M | -21.43M | -13.94M | -20.34M | -18.21M | -20.4M | -16.92M | -26.15M | -6.82M | -26.9M |
| Pretax Income | 4.57M | 5.87M | 1.54M | 89.94M | -12M | -44.44M | -108.63M | -176.81M | -22.27M | -3.55M | -6.83M | 12.52M | -4.98M | -54.33M | 10.1M | -90.43M | -25.63M | 53.21M | 78.77M | 138.1M | 127.96M | 170.15M | 116.46M | 164.81M | 138.6M | 115.65M | 88.88M | 83.23M | 52.7M | 51M | 19.7M |
| Pretax Margin % | 2.08% | 2.62% | 0.73% | 44.31% | -5.14% | -16.1% | -26.39% | -26.4% | -2.08% | -0.29% | -0.4% | 0.7% | -0.27% | -2.87% | 0.5% | -3.98% | -1.1% | 2.26% | 3.24% | 5.04% | 4.87% | 7% | 5.31% | 8.57% | 8.23% | 7.95% | 6.78% | 7.28% | 5.41% | 6.39% | 2.76% |
| Income Tax | -1.55M | -1.07M | -115.5M | 869K | -655K | 2.02M | -5.43M | -4.62M | -2.15M | -65.43M | 9.22M | 9.05M | 14.61M | 71.13M | -10.02M | -5.28M | -9.5M | 25.58M | 41.95M | 53.74M | 44.79M | 60.57M | 51.83M | 59.33M | 51.93M | 43.6M | 35.79M | 33.58M | 22.4M | 20.5M | 13.1M |
| Effective Tax Rate % | -33.87% | -18.26% | -7519.27% | 0.97% | 5.46% | -4.54% | 5% | 2.61% | 9.63% | 1844.25% | -134.95% | 72.3% | -293.39% | -130.93% | -99.27% | 5.84% | 37.05% | 48.06% | 53.26% | 38.92% | 35% | 35.6% | 44.5% | 36% | 37.46% | 37.7% | 40.27% | 40.34% | 42.5% | 40.2% | 66.5% |
| Net Income | 6.11M | 6.94M | 123.54M | 91.06M | -7.38M | -85.86M | -113.33M | -171.36M | -14.23M | 8.7M | -16.14M | -11.32M | -33.84M | -135.73M | 30.51M | -114.09M | -8.9M | 42.74M | -124.47M | 85.2M | 83.17M | 109.58M | 64.63M | 104.22M | 86.67M | 72.05M | 53.09M | 49.65M | 32.2M | 33.89M | 6.6M |
| Net Margin % | 2.78% | 3.09% | 58.79% | 44.86% | -3.17% | -31.11% | -27.53% | -25.59% | -1.33% | 0.72% | -0.95% | -0.63% | -1.84% | -7.17% | 1.51% | -5.02% | -0.38% | 1.81% | -5.12% | 3.11% | 3.17% | 4.51% | 2.95% | 5.42% | 5.15% | 4.95% | 4.05% | 4.34% | 3.3% | 4.25% | 0.93% |
| Net Income Growth % | -94.88% | -94.38% | 35.66% | 1333.04% | 91.4% | 24.24% | 33.86% | -1104.57% | -263.5% | 153.91% | -42.63% | 66.56% | 75.07% | -544.92% | 126.74% | -1181.22% | -120.84% | 134.34% | -246.08% | 2.45% | -24.1% | 69.54% | -37.98% | 20.24% | 20.29% | 35.73% | 6.92% | 54.18% | -4.98% | 413.55% | -65.44% |
| Net Income (Continuing) | 6.11M | 6.94M | 117.03M | 89.07M | -11.34M | -46.46M | -103.21M | -172.19M | -20.12M | 59.62M | -3.29M | -5.59M | -33.21M | -139.87M | 5.48M | -51.74M | -20.94M | 39.58M | 6.97M | 85.2M | 83.17M | 109.58M | 64.63M | 104.22M | 86.67M | 72.05M | 53.09M | 49.65M | 32.2M | 33.89M | 8.3M |
| Discontinued Operations | 0 | 0 | 6.5M | 1.99M | 3.96M | -39.4M | -10.13M | 832K | 5.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.09 | 2.41 | 43.67 | 38.34 | -3.19 | -39.40 | -63.04 | -95.83 | -9.62 | 3.70 | -6.96 | -4.66 | -12.31 | -48.06 | 10.20 | -39.94 | -3.14 | 15.00 | -57.86 | 39.00 | 36.40 | 47.20 | 27.80 | 45.20 | 38.40 | 32.60 | 25.20 | 23.80 | 15.60 | 16.60 | 3.50 |
| EPS Growth % | -95.28% | -94.48% | 13.9% | 1301.88% | 91.9% | 37.5% | 34.22% | -896.15% | -360% | 153.16% | -49.36% | 62.14% | 74.39% | -571.18% | 125.54% | -1171.97% | -120.93% | 125.92% | -248.36% | 7.14% | -22.88% | 69.78% | -38.5% | 17.71% | 17.79% | 29.37% | 5.88% | 52.56% | -6.02% | 374.29% | -68.92% |
| EPS (Basic) | - | 2.76 | 52.26 | 38.93 | -3.19 | -39.40 | -63.04 | -95.83 | -9.62 | 3.74 | -6.96 | -4.66 | -12.31 | -48.06 | 10.20 | -39.94 | -3.14 | 15.40 | -58.03 | 39.40 | 37.20 | 48.60 | 29.00 | 47.40 | 40.00 | 34.00 | 25.80 | 24.40 | 16.00 | 18.98 | 3.66 |
| Diluted Shares Outstanding | 2.92M | 2.88M | 2.68M | 2.38M | 2.31M | 2.18M | 1.8M | 1.8M | 2.09M | 2.35M | 2.32M | 2.43M | 2.75M | 2.82M | 2.84M | 2.86M | 2.84M | 3.34M | 2.15M | 2.18M | 2.28M | 2.32M | 2.32M | 2.31M | 2.26M | 2.21M | 2.11M | 2.08M | 2.08M | 2.04M | 1.89M |
| Basic Shares Outstanding | 2.54M | 2.52M | 2.36M | 2.34M | 2.31M | 2.18M | 1.8M | 1.8M | 2.09M | 2.33M | 2.32M | 2.43M | 2.75M | 2.82M | 2.84M | 2.86M | 2.84M | 2.79M | 2.14M | 2.16M | 2.24M | 2.26M | 2.23M | 2.2M | 2.16M | 2.11M | 2.1M | 2.03M | 2.01M | 1.77M | 1.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.94% | - | - | 21.4% | - | 8.17% | 8.62% | 6.62% | 11.06% | 5.92% | 6% | 7.05% | 9.3% | 10.45% | 19.98% | 6.2% | 25.76% |
Quick answers to the most common questions about buying RGS stock.
For fiscal year 2026, Regis Corporation (RGS) reported total revenue of $224.5M. This represents a 68.5% decline compared to $713.2M in 1997.
Regis Corporation (RGS) is profitable, generating $6.9M in net income for the fiscal year ending 2026 with a net profit margin of 3.1%.
Regis Corporation (RGS) reported an operating income of $24.4M, resulting in an operating profit margin of 10.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Regis Corporation (RGS) generated $84.1M in gross profit for the year, representing a gross profit margin of 37.5%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Franchisee labor supply constraints
Metrics are mathematically derived from official filings.
Revenue Volatility Amid Structural Pivot
According to the provided quarterly income statements, Regis Corporation experienced a revenue contraction of 8.0% in 2026Q3, following a period of inconsistent growth that saw a 28.0% surge in 2026Q1, highlighting the inherent instability of the company's ongoing transition toward a pure-play franchise business model.
The erratic revenue performance suggests that the company is struggling to find a stable baseline as it sheds its company-owned salon footprint. Investors should monitor whether the recent revenue declines reflect a permanent loss of system-wide sales capacity or merely the expected friction of the asset-light transformation.
Gross Margin Compression Remains Persistent
Based on reported financial figures, the company's gross margin has faced significant pressure, declining to 29.9% in 2026Q3 from a peak of 41.2% in 2025Q2, which indicates that the shift to a franchise-heavy model has yet to yield the expected structural improvements in profitability.
The inability to maintain gross margins above 30% in recent quarters suggests that the cost of supporting the franchise network may be higher than anticipated. This trend warrants further investigation into whether the company possesses sufficient pricing power to pass through rising operational costs to its franchisees.
Distorted Net Income Obscures Performance
As reported in financial statements, the company's net margin reached an anomalous 184.9% in 2024Q4 and 182.1% in 2025Q4, figures that appear to be driven by non-operating accounting events rather than core operational success, thereby complicating the assessment of true underlying profitability for the firm.
These extreme fluctuations in net income suggest that investors should prioritize Adjusted EBITDA over GAAP net income to gauge the company's actual performance. The reliance on non-recurring gains to bolster the bottom line may indicate that the core business remains fundamentally challenged in generating consistent, organic earnings.
Operating Leverage Remains Under Pressure
Analysis of the income statement shows that operating margins have remained largely range-bound between 4.6% and 12.1% over the last ten quarters, suggesting that the company has failed to achieve meaningful operating leverage despite the significant reduction in its company-owned salon portfolio and associated fixed costs.
The lack of scaling in operating income relative to revenue suggests that SG&A expenses remain sticky, potentially due to the overhead required to manage a complex franchise system. This may indicate that the company's current cost structure is not yet optimized for its smaller, asset-light operational footprint.