Highlights
Regis reports Q4 FY2025 revenue of USD 60.4 million, up USD 11.0 million year-over-year, and full-year revenue of USD 210.1 million.
Adjusted EBITDA reached USD 9.7 million in Q4 and USD 31.6 million for FY2025, both improving from prior-year levels.
Net income rose to USD 116.5 million in Q4 and USD 123.5 million for FY2025, supported by a USD 115.5 million income tax benefit.
Regis Corporation (Nasdaq GM:RGS), a leader in the haircare industry, has announced financial results for the fourth quarter and full fiscal year ended June 30, 2025.
Fourth Quarter Performance
Consolidated revenue for the fourth quarter was USD 60.4 million, compared to USD 49.4 million in the same period last year, an increase of USD 11.0 million. The growth was primarily driven by higher company-owned salon revenue following the December 2024 acquisition of Alline. Same-store sales increased 2.9% at Supercuts and 1.3% across the consolidated portfolio.
Operating income for the quarter was USD 7.3 million, up from USD 4.6 million in Q4 FY2024. Net income totaled USD 116.5 million, or USD 42.58 per diluted share, compared to USD 91.2 million, or USD 38.10 per diluted share, last year. Net income from continuing operations rose to USD 118.4 million, or USD 43.27 per diluted share, versus USD 91.3 million, or USD 38.14 per diluted share, in Q4 FY2024. The increase in income was largely supported by a USD 115.5 million income tax benefit from the partial release of a prior-year valuation allowance.
Cash from operations was USD 6.8 million, compared with USD 5.1 million in the prior year. Excluding the impact of restricted cash ad fund build, cash from operations stood at USD 4.3 million. This marks the third consecutive quarter of positive operating cash flow. Adjusted EBITDA reached USD 9.7 million, compared to USD 7.8 million a year earlier.
Full Year Fiscal 2025 Performance
For the full fiscal year, Regis reported consolidated revenue of USD 210.1 million, compared to USD 203.0 million in fiscal 2024. Same-store sales rose 1.3% at Supercuts but declined 0.6% on a consolidated basis.
Operating income for the year was USD 19.9 million, slightly lower than USD 20.9 million in fiscal 2024. Net income reached USD 123.5 million, or USD 46.10 per diluted share, compared to USD 91.1 million, or USD 38.34 per diluted share, in fiscal 2024. Net income from continuing operations totaled USD 117.0 million, or USD 43.67 per diluted share, versus USD 89.1 million, or USD 37.50 per diluted share, last year.
Cash from operations improved significantly to USD 13.7 million, compared with a negative USD 2.0 million in fiscal 2024. Excluding restricted cash ad fund build, cash from operations was USD 5.3 million. Adjusted EBITDA was USD 31.6 million, an increase from USD 27.5 million in the prior year. The improvement was mainly due to higher revenue from company-owned salons following the Alline acquisition and lower general and administrative costs, partially offset by reduced franchise revenue.