Sally Beauty Holdings Inc. (SBH) financial statements: income statement, balance sheet and cash flow

Sally Beauty Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Sally Beauty Holdings Inc. reported revenue of $3.7B (-0.4% year on year) and net income of $195.9M (+27.7% year on year).

Income statement

Sally Beauty Holdings Inc. income statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net sales	$3.7B	$3.7B	$3.7B	$3.8B
Cost of goods sold	$1.8B	$1.8B	$1.8B	$1.9B
Gross profit	$1.9B	$1.9B	$1.9B	$1.9B
Selling, general and administrative expenses	$1.6B	$1.6B	$1.6B	$1.6B
Restructuring	$0	($75.0K)	$17.2M	$27.6M
Operating earnings	$327.8M	$282.7M	$325.0M	$337.6M
Interest expense	$64.4M	$76.4M	$73.0M	$93.5M
Earnings before provision for income taxes	$263.4M	$206.3M	$252.1M	$244.1M
Provision for income taxes	$67.5M	$52.9M	$67.5M	$60.5M
Net earnings	$195.9M	$153.4M	$184.6M	$183.6M
Basic	$1.95	$1.48	$1.72	$1.69
Diluted	$1.89	$1.43	$1.69	$1.66
Basic	100.7M	103.9M	107.3M	108.7M
Diluted	103.8M	106.9M	109.3M	110.3M

Sally Beauty Holdings Inc. income statement, quarters

Line item	Jun 30, 2026 · Q3	Mar 31, 2026 · Q2	Dec 31, 2025 · Q1	Jun 30, 2025 · Q3
Net sales	$935.5M	$903.4M	$943.2M	$933.3M
Cost of goods sold	$445.2M	$427.6M	$459.9M	$452.3M
Gross profit	$490.2M	$475.8M	$483.3M	$481.0M
Selling, general and administrative expenses	$403.9M	$403.8M	$407.3M	$402.8M
Operating earnings	$86.4M	$71.9M	$75.9M	$78.2M
Interest expense	$13.7M	$14.2M	$14.6M	$15.7M
Earnings before provision for income taxes	$72.7M	$57.8M	$61.3M	$62.5M
Provision for income taxes	$18.6M	$15.1M	$15.8M	$16.7M
Net earnings	$54.1M	$42.7M	$45.6M	$45.7M
Basic (in dollars per share)	$0.57	$0.44	$0.47	$0.46
Diluted (in dollars per share)	$0.55	$0.43	$0.45	$0.44
Basic (in shares)	95.1M	96.7M	97.8M	100.5M
Diluted (in shares)	97.9M	99.7M	100.8M	103.2M

Balance sheet

Sally Beauty Holdings Inc. balance sheet, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Cash and cash equivalents	$149.2M	$108.0M	$123.0M	$70.6M
Trade accounts receivable, net	$31.8M	$33.6M	$33.4M	$34.1M
Accounts receivable, other	$84.7M	$58.6M	$42.5M	$38.2M
Inventory	$987.6M	$1.0B	$975.2M	$936.4M
Other current assets	$48.2M	$68.5M	$53.9M	$53.2M
Total current assets	$1.3B	$1.3B	$1.2B	$1.1B
Property and equipment, net	$284.3M	$269.9M	$297.8M	$297.9M
Operating lease assets	$646.7M	$582.6M	$570.7M	$532.2M
Goodwill	$540.7M	$538.3M	$533.1M	$526.1M
Intangible assets, excluding goodwill, net	$53.0M	$60.0M	$55.2M	$50.3M
Other assets	$45.0M	$36.9M	$40.6M	$38.0M
Total assets	$2.9B	$2.8B	$2.7B	$2.6B
Current maturities of long-term debt	$4.0M	$4.1M	$4.2M	$68.7M
Accounts payable	$224.5M	$269.4M	$258.9M	$275.7M
Accrued liabilities	$184.6M	$162.9M	$163.4M	$161.1M
Current operating lease liabilities	$158.6M	$136.1M	$150.5M	$157.7M
Income taxes payable	$4.3M	$20.1M	$2.4M	$4.7M
Total current liabilities	$576.0M	$592.7M	$579.3M	$667.9M
Long-term debt	$862.0M	$978.3M	$1.1B	$1.1B
Long-term operating lease liabilities	$538.4M	$479.6M	$455.1M	$424.8M
Other liabilities	$21.0M	$22.1M	$23.1M	$22.4M
Deferred income tax liabilities, net	$79.5M	$91.8M	$93.2M	$85.1M
Total liabilities	$2.1B	$2.2B	$2.2B	$2.3B
Common stock, $0.01 par value. Authorized 500,000 shares; 97,875 and 101,854 shares issued and outstanding at September 30, 2025 and 2024, respectively	979.0K	1.0M	1.1M	1.1M
Additional paid-in capital	$0	—	$5.7M	$4.2M
Accumulated earnings	$898.1M	$740.7M	$624.8M	$440.2M
Accumulated other comprehensive loss, net of tax	($104.8M)	($113.2M)	($122.8M)	($151.8M)
Total stockholders’ equity	$794.2M	$628.5M	$508.7M	$293.6M
Total liabilities and stockholders’ equity	$2.9B	$2.8B	$2.7B	$2.6B

Sally Beauty Holdings Inc. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Jun 30, 2025
Cash and cash equivalents	$173.1M	$157.4M	$157.2M	$112.8M
Trade accounts receivable, net	$26.4M	$26.2M	$26.8M	$29.7M
Accounts receivable, other	$69.5M	$75.4M	$77.4M	$66.2M
Inventory	$996.0M	$986.8M	$978.8M	$1.0B
Other current assets	$46.2M	$46.9M	$45.4M	$47.5M
Total current assets	$1.3B	$1.3B	$1.3B	$1.3B
Property and equipment, net of accumulated depreciation of $984,490 at June 30, 2026 and $937,596 at September 30, 2025	$279.2M	$285.3M	$280.4M	$256.5M
Operating lease assets	$652.3M	$635.4M	$642.3M	$590.0M
Goodwill	$538.4M	$539.1M	$541.5M	$541.0M
Intangible assets, excluding goodwill, net of accumulated amortization of $9,687 at June 30, 2026 and $14,686 at September 30, 2025	$50.8M	$51.4M	$52.4M	$56.2M
Other assets	$51.3M	$49.4M	$48.5M	$38.9M
Total assets	$2.9B	$2.9B	$2.9B	$2.7B
Current maturities of long-term debt	$4.0M	$4.0M	$4.0M	$4.0M
Accounts payable	$223.9M	$222.6M	$208.5M	$193.0M
Accrued liabilities	$164.0M	$169.8M	$158.6M	$165.3M
Current operating lease liabilities	$161.7M	$157.1M	$157.1M	$155.6M
Income taxes payable	$293.0K	—	$14.0M	$5.9M
Total current liabilities	$553.9M	$553.5M	$542.2M	$523.8M
Long-term debt	$803.6M	$823.1M	$842.5M	$882.4M
Long-term operating lease liabilities	$546.1M	$532.0M	$537.6M	$469.0M
Other liabilities	$20.9M	$21.1M	$22.0M	$20.9M
Deferred income tax liabilities, net	$87.2M	$85.8M	$82.9M	$85.1M
Total liabilities	$2.0B	$2.0B	$2.0B	$2.0B
Common stock, $0.01 par value. Authorized 500,000 shares; 94,092 and 97,875 shares issued and shares outstanding at June 30, 2026 and September 30, 2025, respectively	941.0K	959.0K	975.0K	994.0K
Preferred stock, $0.01 par value. Authorized 50,000 shares; none issued	0	—	—	—
Accumulated earnings	$980.0M	$946.5M	$923.3M	$863.3M
Accumulated other comprehensive loss, net of tax	($109.4M)	($109.5M)	($100.7M)	($101.3M)
Total stockholders’ equity	$871.5M	$837.9M	$823.6M	$762.9M
Total liabilities and stockholders’ equity	$2.9B	$2.9B	$2.9B	$2.7B

Cash flow statement

Sally Beauty Holdings Inc. cash flow statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net earnings	$195.9M	$153.4M	$184.6M	$183.6M
Depreciation and amortization	$99.9M	$109.7M	$102.4M	$99.9M
Share-based compensation expense	$19.2M	$17.2M	$15.9M	$9.9M
Amortization of deferred financing costs	$2.1M	$2.4M	$2.7M	$3.4M
Impairment of long-lived assets, including operating lease assets	$5.4M	$605.0K	$3.4M	$25.0M
Gain on disposal of long-lived assets	($27.2M)	($103.0K)	($92.0K)	($53.0K)
Gain on divestiture of subsidiary	($768.0K)	—	—	—
Loss on extinguishment of debt	$1.1M	$3.7M	$2.4M	$16.4M
Deferred income taxes	($12.2M)	($1.7M)	$9.6M	($17.6M)
Trade accounts receivable	$1.8M	$230.0K	$1.5M	($3.2M)
Accounts receivable, other	($25.8M)	($14.8M)	($3.3M)	($6.0M)
Inventory	$50.1M	($54.6M)	($21.5M)	($96.2M)
Other current assets	$3.3M	$2.8M	($102.0K)	($9.5M)
Other assets	($5.9M)	($1.8M)	($695.0K)	$4.1M
Accounts payable and accrued liabilities	($31.8M)	$15.0M	($29.7M)	($46.3M)
Income taxes payable	($15.8M)	$17.9M	($2.2M)	($6.7M)
Operating lease assets and liabilities	$16.3M	($2.4M)	($16.3M)	$6.2M
Other liabilities	($891.0K)	($1.1M)	$706.0K	($6.6M)
Net cash provided by operating activities	$274.8M	$246.5M	$249.3M	$156.5M
Payments for property and equipment	($102.1M)	($101.2M)	($90.7M)	($99.3M)
Proceeds from sales of property and equipment, net	$43.6M	—	—	—
Proceeds from divestiture of subsidiary	$3.1M	—	—	—
Acquisitions, net of cash acquired	($2.8M)	($7.7M)	($9.0M)	($3.2M)
Net cash used by investing activities	($58.3M)	($108.9M)	($99.8M)	($102.4M)
Proceeds from issuance of long-term debt and ABL facility	$502.0M	—	—	—
Repayments of long-term debt and ABL facility	($621.1M)	—	—	—
Debt issuance costs	($1.5M)	($9.2M)	($5.2M)	—
Payments for common stock repurchased	($54.0M)	($60.4M)	($15.2M)	($130.3M)
Proceeds from equity awards	$1.5M	$1.8M	—	—
Employee withholding taxes paid related to net share settlement of equity awards	($5.3M)	($1.8M)	—	—
Net cash used by financing activities	($178.4M)	($153.7M)	($100.8M)	($373.7M)
Effect of foreign exchange rate changes on cash and cash equivalents	$3.1M	$1.1M	$3.7M	($10.8M)
Net increase (decrease) in cash and cash equivalents	$41.2M	($15.0M)	$52.4M	($330.4M)
Cash and cash equivalents, beginning of period	$108.0M	$123.0M	$70.6M	$401.0M
Cash and cash equivalents, end of period	$149.2M	$108.0M	$123.0M	$70.6M
Interest paid	$64.1M	$86.7M	$71.9M	$82.1M
Income taxes paid	$94.3M	$36.0M	$63.8M	$82.6M
Capital expenditures incurred but not paid	$24.1M	$16.3M	$22.8M	$15.8M

Sally Beauty Holdings Inc. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · YTD	Dec 31, 2025 · Q1	Jun 30, 2025 · YTD
Net earnings	$142.3M	$88.3M	$45.6M	$145.9M
Depreciation and amortization	$75.1M	$48.9M	$23.6M	$75.6M
Share-based compensation expense	$18.1M	$13.5M	$7.6M	$14.8M
Amortization of deferred financing costs	$1.4M	$965.0K	$477.0K	$1.6M
Loss on early extinguishment of debt	$441.0K	$296.0K	$159.0K	$943.0K
Impairment of long-lived assets	$418.0K	—	—	$3.2M
Gain on sale of property and other	$0	—	—	—
Gain on divestiture of subsidiary	$0	—	—	($768.0K)
Deferred income taxes	$7.7M	$6.2M	$3.0M	($6.8M)
Trade accounts receivable	$5.2M	$5.5M	$5.1M	$4.0M
Accounts receivable, other	$14.9M	$8.9M	$7.4M	($6.8M)
Inventory	($10.3M)	($1.8M)	$13.6M	$34.2M
Other current assets	$2.1M	$1.1M	$2.8M	$4.0M
Other assets	($6.4M)	($4.5M)	($3.2M)	$506.0K
Operating leases, net	$5.0M	$3.4M	$2.1M	($10.0K)
Accounts payable and accrued liabilities	($4.6M)	$7.0K	($25.7M)	($74.6M)
Income taxes payable	($4.0M)	($4.4M)	$9.8M	($14.1M)
Other liabilities	($120.0K)	$56.0K	$960.0K	($1.1M)
Net cash provided by operating activities	$247.5M	$166.5M	$93.2M	$154.0M
Payments for property and equipment	($84.3M)	($64.9M)	($35.8M)	($59.3M)
Proceeds from sale of property and other	$0	—	—	—
Proceeds from divestiture of subsidiary	$0	—	—	$3.1M
Acquisitions, net of cash acquired	$0	—	—	($371.0K)
Net cash used by investing activities	($84.3M)	($64.9M)	($35.8M)	($12.9M)
Proceeds from ABL Facility	$0	—	—	$466.0M
Repayments of long-term debt and ABL Facility	($60.0M)	($40.0M)	($20.0M)	($564.1M)
Debt issuance costs	$0	—	—	($1.5M)
Proceeds from stock options exercised	$698.0K	—	—	—
Payments for common stock repurchased	($71.9M)	($46.3M)	($20.8M)	($33.3M)
Employee withholding taxes paid related to net share settlement of equity awards	($7.3M)	($7.3M)	($7.3M)	($5.3M)
Net cash used by financing activities	($138.6M)	($93.4M)	($47.9M)	($137.9M)
Effect of foreign exchange rate changes on cash and cash equivalents	($682.0K)	$82.0K	($1.5M)	$1.7M
Net increase in cash and cash equivalents	$23.9M	$8.2M	$8.0M	$4.8M
Cash and cash equivalents, beginning of period	$149.2M	$149.2M	$149.2M	$108.0M
Cash and cash equivalents, end of period	$173.1M	$157.4M	$157.2M	$112.8M
Interest paid	$32.1M	$28.5M	$4.4M	$38.8M
Income taxes paid	$48.2M	$33.8M	$2.6M	$75.4M
Capital expenditures incurred but not paid	$8.5M	$8.1M	$6.9M	$8.5M

Sally Beauty Holdings Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.