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Side-by-side financial comparison of REGIS CORP (RGS) and System1, Inc. (SST). Click either name above to swap in a different company.
REGIS CORP is the larger business by last-quarter revenue ($57.1M vs $51.9M, roughly 1.1× System1, Inc.). REGIS CORP runs the higher net margin — 0.8% vs -26.0%, a 26.8% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs -31.3%). Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% CAGR vs -21.8%).
REGIS CORPRGSEarnings & Financial Report
Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
RGS vs SST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $51.9M |
| Net Profit | $456.0K | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | 10.8% | -33.6% |
| Net Margin | 0.8% | -26.0% |
| Revenue YoY | 22.3% | -31.3% |
| Net Profit YoY | -94.0% | 4.8% |
| EPS (diluted) | $0.16 | $-3.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $57.1M | $51.9M | ||
| Q3 25 | $59.0M | $61.6M | ||
| Q2 25 | $60.4M | $78.1M | ||
| Q1 25 | $57.0M | $74.5M | ||
| Q4 24 | $46.7M | $75.6M | ||
| Q3 24 | $46.1M | $88.8M | ||
| Q2 24 | $49.4M | $94.6M | ||
| Q1 24 | $49.2M | $84.9M |
| Q4 25 | $456.0K | $-13.5M | ||
| Q3 25 | $1.4M | $-18.5M | ||
| Q2 25 | $116.5M | $-17.5M | ||
| Q1 25 | $250.0K | $-15.9M | ||
| Q4 24 | $7.6M | $-14.2M | ||
| Q3 24 | $-853.0K | $-23.6M | ||
| Q2 24 | $91.2M | $-26.4M | ||
| Q1 24 | $-2.3M | $-10.5M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 10.8% | -33.6% | ||
| Q3 25 | 10.0% | -25.3% | ||
| Q2 25 | 12.1% | -20.4% | ||
| Q1 25 | 8.8% | -17.6% | ||
| Q4 24 | 11.8% | -15.7% | ||
| Q3 24 | 4.6% | -24.6% | ||
| Q2 24 | — | -30.8% | ||
| Q1 24 | 8.3% | -30.4% |
| Q4 25 | 0.8% | -26.0% | ||
| Q3 25 | 2.3% | -30.1% | ||
| Q2 25 | 192.9% | -22.4% | ||
| Q1 25 | 0.4% | -21.3% | ||
| Q4 24 | 16.4% | -18.7% | ||
| Q3 24 | -1.9% | -26.6% | ||
| Q2 24 | 184.7% | -27.9% | ||
| Q1 24 | -4.7% | -12.4% |
| Q4 25 | $0.16 | $-3.58 | ||
| Q3 25 | $0.49 | $-2.30 | ||
| Q2 25 | $43.67 | $-2.23 | ||
| Q1 25 | $0.08 | $-0.21 | ||
| Q4 24 | $2.71 | $-3.41 | ||
| Q3 24 | $-0.36 | $-3.37 | ||
| Q2 24 | $38.40 | $-3.80 | ||
| Q1 24 | $-1.00 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.4M | $86.9M |
| Total DebtLower is stronger | $113.3M | $305.1M |
| Stockholders' EquityBook value | $188.7M | $30.5M |
| Total Assets | $588.3M | $405.0M |
| Debt / EquityLower = less leverage | 0.60× | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.4M | $86.9M | ||
| Q3 25 | $16.6M | $54.6M | ||
| Q2 25 | $17.0M | $63.6M | ||
| Q1 25 | $13.3M | $43.9M | ||
| Q4 24 | $10.2M | $63.6M | ||
| Q3 24 | $6.3M | $69.1M | ||
| Q2 24 | $10.1M | $75.7M | ||
| Q1 24 | $5.9M | $69.9M |
| Q4 25 | $113.3M | $305.1M | ||
| Q3 25 | $111.3M | $259.2M | ||
| Q2 25 | $110.8M | $263.3M | ||
| Q1 25 | $112.0M | $267.4M | ||
| Q4 24 | $111.5M | $255.1M | ||
| Q3 24 | $95.2M | $259.2M | ||
| Q2 24 | $99.5M | $263.3M | ||
| Q1 24 | $179.7M | $268.6M |
| Q4 25 | $188.7M | $30.5M | ||
| Q3 25 | $187.6M | $42.7M | ||
| Q2 25 | $185.6M | $58.2M | ||
| Q1 25 | $68.6M | $67.2M | ||
| Q4 24 | $66.7M | $80.3M | ||
| Q3 24 | $56.4M | $90.3M | ||
| Q2 24 | $56.8M | $109.4M | ||
| Q1 24 | $-35.8M | $131.7M |
| Q4 25 | $588.3M | $405.0M | ||
| Q3 25 | $592.1M | $385.2M | ||
| Q2 25 | $599.0M | $429.2M | ||
| Q1 25 | $511.2M | $419.2M | ||
| Q4 24 | $530.1M | $459.1M | ||
| Q3 24 | $508.9M | $479.3M | ||
| Q2 24 | $530.5M | $511.3M | ||
| Q1 24 | $543.7M | $521.1M |
| Q4 25 | 0.60× | 10.01× | ||
| Q3 25 | 0.59× | 6.07× | ||
| Q2 25 | 0.60× | 4.53× | ||
| Q1 25 | 1.63× | 3.98× | ||
| Q4 24 | 1.67× | 3.18× | ||
| Q3 24 | 1.69× | 2.87× | ||
| Q2 24 | 1.75× | 2.41× | ||
| Q1 24 | — | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $-10.6M |
| Free Cash FlowOCF − Capex | $891.0K | — |
| FCF MarginFCF / Revenue | 1.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-10.6M | ||
| Q3 25 | $2.3M | $-2.1M | ||
| Q2 25 | $6.8M | $24.5M | ||
| Q1 25 | $6.2M | $-15.9M | ||
| Q4 24 | $2.1M | $772.0K | ||
| Q3 24 | $-1.3M | $-5.0K | ||
| Q2 24 | $5.1M | $10.0M | ||
| Q1 24 | $-277.0K | $-16.0M |
| Q4 25 | $891.0K | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | $5.9M | $-16.0M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $-1.4M | $-36.0K | ||
| Q2 24 | $5.1M | — | ||
| Q1 24 | $-326.0K | — |
| Q4 25 | 1.6% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 10.3% | -21.5% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | -3.0% | -0.0% | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | -0.7% | — |
| Q4 25 | 1.4% | 0.0% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 0.6% | 0.1% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.1% | 0.0% |
| Q4 25 | 3.65× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 24.80× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
SST
Segment breakdown not available.
