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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Revenues:    
Franchise rental income (Note 8) $ 17,354 $ 21,636
Total revenue 58,958 46,060
Operating expenses:    
General and administrative 11,351 14,034
Rent 17,400 21,600
Advertising fund expense 5,573 5,641
Depreciation and amortization 768 446
Long-lived asset impairment 0 352
Total operating expenses 53,037 43,926
Operating income 5,921 2,134
Other (expense) income:    
Interest expense (5,271) (4,846)
Gain on earn-out liability 1,000 0
Other, net 242 677
Income (loss) from operations before income taxes 1,892 (2,035)
Income tax (expense) benefit (536) 225
Income (loss) from continuing operations 1,356 (1,810)
Income from discontinued operations (Note 3) 0 957
Net income (loss) $ 1,356 $ (853)
Basic:    
Income (loss) from continuing operations, basic (in dollars per share) $ 0.56 $ (0.77)
Income from discontinued operations, basic (in dollars per share) 0 0.41
Net income (loss) per share (in dollars per share) [1] 0.56 (0.36)
Diluted:    
Income (loss) from continuing operations, diluted (in dollars per share) 0.49 (0.77)
Income from discontinued operations, diluted (in dollars per share) 0 0.41
Net income (loss) per share, diluted (in dollars per share) [1] $ 0.49 $ (0.36)
Weighted average common and common equivalent shares outstanding:    
Basic (in shares) 2,440 2,343
Diluted (in shares) 2,781 2,343
Rent    
Operating expenses:    
Rent $ 3,223 $ 1,064
Franchisor    
Operating expenses:    
Rent 17,354 21,636
Royalties    
Revenues:    
Revenues 14,036 15,646
Fees    
Revenues:    
Revenues 1,784 2,352
Advertising fund contributions    
Revenues:    
Revenues 5,573 5,641
Company-owned salon revenue    
Revenues:    
Revenues 20,211 785
Operating expenses:    
Company-owned salon expense [2] $ 14,768 $ 753
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.
[2] Includes cost of services and products sold to guests in our company-owned salons. Excludes general and administrative expense, rent, and depreciation and amortization related to company-owned salons