BNED · Barnes & Noble Education, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q1 '25 | Q3 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $515.09M | $644.41M | $288.16M | $602.12M | $263.43M | $466.32M | - | $456.67M | $610.38M | $264.16M |
| Cost of Revenue | $418.99M | $514.58M | $232.78M | $464.48M | $216.22M | $369.95M | - | $356.64M | $474.14M | $213.53M |
| Gross Profit | $96.10M | $129.84M | $55.38M | $137.64M | $47.21M | $96.38M | - | $100.04M | $136.24M | $50.63M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $72.55M | $77.30M | $67.86M | $72.94M | $67.02M | $71.56M | - | $79.76M | $85.96M | $77.48M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $7.43M | $7.63M | $9.19M | $8.53M | $10.25M | $7.81M | - | $10.15M | $10.18M | $10.25M |
| Operating Income | $14.62M | $40.80M | ($23.17M) | $56.32M | ($91.72M) | $22.86M | - | $921.0K | $35.83M | ($41.73M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $3.08M | $11.91M | ($8.64M) | $1.13M | $136.0K | $10.66M | - | $229.0K | $314.0K | ($11.0K) |
| Net Income | $6.66M | $25.00M | ($18.27M) | $49.73M | ($99.48M) | $7.11M | - | ($9.64M) | $24.18M | ($50.39M) |
| EPS - Basic | $0.19 | $0.73 | ($0.54) | $1.87 | ($7.36) | $0.23 | - | ($0.18) | $46.00 | ($96.00) |
| EPS - Diluted | $0.19 | $0.72 | ($0.54) | $1.87 | ($7.36) | $0.23 | - | ($0.18) | $46.00 | ($96.00) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q1 '25 | Q3 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.14M | $11.72M | $7.34M | $9.06M | $8.21M | $9.19M | - | $8.12M | $10.46M | $7.66M |
| Accounts Receivable | $416.43M | $314.96M | $161.97M | $98.08M | $343.52M | $354.24M | $259.77M | $151.98M | $98.84M | $315.34M |
| Inventory | $329.43M | $329.12M | $400.56M | $299.56M | $395.27M | $326.82M | - | $341.54M | $344.04M | $384.19M |
| Accounts Payable | $319.24M | $345.41M | $236.52M | $148.85M | $266.30M | $303.58M | - | $343.10M | $299.16M | $275.38M |
| Current Assets | $825.75M | $743.17M | $621.36M | $465.38M | $601.36M | $758.01M | - | $763.65M | $530.76M | $598.57M |
| Total Assets | $1.13B | $1.06B | $950.83M | $790.28M | $1.01B | $1.09B | - | $1.15B | $905.08M | $1.07B |
| Current Liabilities | $579.81M | $525.41M | $385.67M | $279.23M | $489.86M | $534.71M | - | $849.59M | $478.80M | $516.09M |
| Long-term Debt | $138.40M | $122.50M | $170.00M | $103.10M | $221.92M | $141.20M | - | $30.19M | $196.34M | $277.66M |
| Total Liabilities | $840.33M | $780.15M | $694.38M | $518.10M | $860.83M | $804.26M | - | $1.05B | $834.50M | $989.76M |
| Stockholders' Equity | $289.97M | $283.24M | $256.45M | $272.19M | $144.40M | $283.32M | - | $97.13M | $70.58M | $81.06M |
| Retained Earnings | ($699.18M) | ($705.84M) | ($730.84M) | ($712.57M) | ($756.05M) | ($699.20M) | - | ($629.20M) | ($656.57M) | ($643.74M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q1 '25 | Q3 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($67.60M) | - | ($143.99M) | - | - | - | $27.05M | ($123.12M) |
| Investing Cash Flow | - | - | ($3.74M) | - | ($3.25M) | - | - | - | - | $17.25M |
| Financing Cash Flow | - | - | $65.00M | - | $139.94M | - | - | - | - | $93.18M |
| CapEx | - | - | $3.74M | - | $3.47M | - | - | - | - | $4.22M |
| Free Cash Flow | - | - | ($71.34M) | - | ($147.46M) | - | - | - | - | ($127.34M) |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q1 '25 | Q3 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 18.7% | 20.1% | 19.2% | 22.9% | 17.9% | 20.7% | - | 21.9% | 22.3% | 19.2% |
| Operating margin | 2.8% | 6.3% | -8.0% | 9.4% | -34.8% | 4.9% | - | 0.2% | 5.9% | -15.8% |
| EBITDA margin | 4.3% | 7.5% | -4.9% | 10.8% | -30.9% | 6.6% | - | 2.4% | 7.5% | -11.9% |
| Net margin | 1.3% | 3.9% | -6.3% | 8.3% | -37.8% | 1.5% | - | -2.1% | 4.0% | -19.1% |
| Free cash flow margin | - | - | -24.8% | - | -56.0% | - | - | - | - | -48.2% |
| FCF / Net income | - | - | 3.90 | - | 1.48 | - | - | - | - | 2.53 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 14.1% | 12.0% | 23.5% | 12.1% | 25.4% | 15.3% | - | 17.5% | 14.1% | 29.3% |
| Effective tax rate | 31.7% | 32.3% | - | 2.2% | - | 60.0% | - | - | 1.3% | - |
| Return on assets | 0.6% | 2.4% | -1.9% | 6.3% | -9.9% | 0.7% | - | -0.8% | 2.7% | -4.7% |
| Return on equity | 2.3% | 8.8% | -7.1% | 18.3% | -68.9% | 2.5% | - | -9.9% | 34.3% | -62.2% |
| Return on invested capital | 2.3% | 6.8% | -4.3% | 14.7% | -19.8% | 2.7% | - | 0.6% | 13.3% | -9.2% |
| Liquidity | ||||||||||
| Current ratio | 1.42 | 1.41 | 1.61 | 1.67 | 1.23 | 1.42 | - | 0.90 | 1.11 | 1.16 |
| Quick ratio | 0.86 | 0.79 | 0.57 | 0.59 | 0.42 | 0.81 | - | 0.50 | 0.39 | 0.42 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | - | 0.01 | 0.02 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | 0.48 | 0.43 | 0.66 | 0.38 | 1.54 | 0.50 | - | 0.31 | 2.78 | 3.43 |
| Debt / Assets | 0.12 | 0.12 | 0.18 | 0.13 | 0.22 | 0.13 | - | 0.03 | 0.22 | 0.26 |
| Debt / EBITDA | 6.28 | 2.53 | - | 1.59 | - | 4.60 | - | 2.73 | 4.27 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.90 | 3.75 | 3.71 | 2.90 | 6.96 | 3.84 | - | 11.86 | 12.82 | 13.21 |
| Liabilities / Assets | 0.74 | 0.73 | 0.73 | 0.66 | 0.86 | 0.74 | - | 0.92 | 0.92 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.46 | 0.61 | 0.30 | 0.76 | 0.26 | 0.43 | - | 0.40 | 0.67 | 0.25 |
| Inventory turnover | 1.27 | 1.56 | 0.58 | 1.55 | 0.55 | 1.13 | - | 1.04 | 1.38 | 0.56 |
| Days sales outstanding | 295d | 178d | 205d | 59d | 476d | 277d | - | 121d | 59d | 436d |
| Days inventory outstanding | 287d | 233d | 628d | 235d | 667d | 322d | - | 350d | 265d | 657d |
| Days payable outstanding | 278d | 245d | 371d | 117d | 450d | 300d | - | 351d | 230d | 471d |
| Cash conversion cycle | 304d | 167d | 462d | 178d | 694d | 300d | - | 120d | 94d | 622d |
| Valuation | ||||||||||
| P / E | 47.1x | 12.7x | - | 5.5x | - | 49.1x | - | - | 0.4x | - |
| P / B | 1.1x | 1.1x | 1.1x | 1.0x | 1.1x | 1.2x | - | 5.5x | 14.9x | 59.2x |
| P / S | 0.6x | 0.5x | 1.0x | 0.5x | 0.6x | 0.7x | - | 1.2x | 1.7x | 18.2x |
| EV / EBITDA | 19.9x | 8.8x | - | 5.7x | - | 15.6x | - | 50.3x | 26.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.5% | 7.0% | 9.4% | -1.4% | -0.3% | 2.1% | - | 2.1% | -1.1% | 0.1% |
| Revenue CAGR (3y) | 4.8% | 1.5% | 3.0% | -1.3% | 3.0% | 5.0% | - | 3.5% | 0.8% | 9.0% |
| Revenue CAGR (5y) | 4.6% | 1.6% | 7.2% | -4.9% | -3.8% | -1.5% | - | -3.7% | -5.6% | -5.8% |
| Gross profit growth (YoY) | -0.3% | -5.7% | 17.3% | 1.0% | -6.8% | -3.7% | - | -4.0% | -5.9% | -20.2% |
| Operating income growth (YoY) | -36.0% | -27.6% | 74.7% | 57.2% | -119.8% | 2382.0% | - | - | 34.1% | 12.9% |
| Net income growth (YoY) | -6.4% | -49.7% | 81.6% | 105.7% | -97.4% | - | - | 61.5% | 9.2% | 4.4% |
| EPS growth (YoY) | -17.4% | -61.5% | 92.7% | -95.9% | 92.3% | - | - | 62.5% | 10852.4% | -9405.0% |
| EPS CAGR (3y) | - | 19.7% | - | 65.8% | - | - | - | - | 574.4% | - |
| EPS CAGR (5y) | - | 36.9% | - | 20.4% | - | - | - | - | 105.7% | - |
| FCF growth (YoY) | - | - | 51.6% | - | -15.8% | - | - | - | - | -228.8% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.3% | 4.1% | 77.6% | 285.7% | 78.1% | 191.7% | - | -45.0% | -46.0% | -54.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-05-03.
Business segments
$1.61B totalReportable Segment$1.61B · 100.0%
Product / service
$2.93B totalProduct And Other Sales$1.46B · 50.0%
Course Materials Product$1.02B · 34.9%
General Merchandise Product$355.27M · 12.1%
Serviceand Other$86.52M · 3.0%
Peer comparison
Same SIC group: Retail-Miscellaneous Shopping Goods Stores
Comparing Barnes & Noble Education against the 5 most active filers in the same SIC group.