Here are the 10-K annual reports from Regis Corporation (RGS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow RGS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RGS filings page.
Regis Corporation (RGS) operates and franchises value-focused hair salons under brands including Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, Roosters and Magicuts. As of June 30, 2026, it had 3,712 locations, comprised of 3,448 franchised and 264 company-owned salons, primarily in North America, with 67 additional licensed international locations.
The business is largely royalty-driven, with about 92.9% of salons franchised and service revenues making up about 95% of company-owned salon revenue. A December 2024 acquisition of Alline Salon Group added 314 stores (261 still operating) and materially expanded the company-owned portfolio, which Regis uses as a testbed for operational and technology initiatives before rolling them out system-wide.
Key themes include reliance on franchisee performance, exposure to changes in consumer traffic patterns and labor regulation, dependence on Walmart for nearly 1,000 in-store salons, and growing use of technology, including Zenoti’s platform and early-stage AI initiatives. Regis also highlights significant U.S. federal net operating loss carryforwards and a Tax Benefits Preservation Plan intended to help protect these tax assets.
Regis Corporation (RGS) operates 3,941 salons as of June 30, 2025, including 3,647 franchised and 294 company-owned locations. In December 2024 the company acquired Alline Salon Group, adding 314 salons and driving a $36.4 million (498.6%) increase in company-owned salon revenue for fiscal 2025. Franchise-related metrics declined as system-wide franchised salons fell and advertising fund contributions decreased $3.8 million (14.8%) while franchise rental income fell $18.7 million (19.6%). The company recognized an income tax benefit of $115.5 million in fiscal 2025 driven by a $110.2 million release of a U.S. valuation allowance and reports approximately $477 million of U.S. federal net operating losses. Regis highlights concentration risk from its 1,049 SmartStyle/Cost Cutters salons in Walmart, reliance on franchisees for operations, and an IRS review exposure related to a $29 million employee retention credit from the acquired Alline business.