EDUC · Educational Development Corp - 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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $22.91M | $34.19M | $51.03M | $87.83M | $142.23M | $204.64M |
| Cost of Revenue | $9.31M | $13.16M | $18.05M | $31.76M | $44.30M | $60.04M |
| Gross Profit | $13.60M | $21.03M | $32.98M | $56.07M | $97.93M | $144.60M |
| R&D | - | - | - | - | - | - |
| SG&A | $3.46M | $5.75M | $8.79M | $15.78M | $23.01M | $36.12M |
| Total Operating Expenses | $20.79M | $27.80M | $38.89M | $58.65M | $87.69M | $128.64M |
| D&A | $1.39M | $1.72M | $2.49M | $2.48M | $2.13M | $1.63M |
| Operating Income | $5.35M | ($6.86M) | $734.5K | ($3.43M) | $17.23M | $7.75M |
| Interest Expense | $1.48M | $2.19M | $2.76M | $2.17M | $916.4K | $561.0K |
| Income Tax | $3.02M | ($1.59M) | $188.1K | ($922.0K) | $2.93M | $4.61M |
| Net Income | $2.33M | ($5.26M) | $546.4K | ($2.50M) | $8.31M | $12.62M |
| EPS - Basic | $0.27 | ($0.63) | $0.07 | ($0.31) | $1.03 | $1.51 |
| EPS - Diluted | $0.27 | ($0.63) | $0.07 | ($0.31) | $0.98 | $1.50 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.12M | $428.4K | $844.5K | $689.1K | $361.2K | $1.81M |
| Accounts Receivable | $861.3K | $2.13M | $1.94M | $2.91M | $3.64M | $3.35M |
| Inventory | $17.41M | $29.10M | $43.91M | $59.09M | $71.55M | $51.76M |
| Accounts Payable | $1.69M | $1.85M | $3.91M | $3.86M | $12.41M | $19.67M |
| Current Assets | $20.55M | $52.25M | $66.04M | $63.55M | $76.51M | $58.14M |
| Total Assets | $54.31M | $78.31M | $90.11M | $99.94M | $109.93M | $88.85M |
| Current Liabilities | $6.17M | $37.22M | $17.01M | $54.12M | $40.26M | $37.92M |
| Long-term Debt | $0 | $0 | $26.64M | $0 | $22.41M | $10.45M |
| Total Liabilities | $11.52M | $37.75M | $44.65M | $54.70M | $63.17M | $48.59M |
| Stockholders' Equity | $42.79M | $40.57M | $45.45M | $45.23M | $46.77M | $40.26M |
| Retained Earnings | $39.63M | $37.30M | $42.57M | $42.02M | $44.53M | $39.68M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.01M | $3.21M | $8.75M | $58.5K | ($21.14M) | $7.82M |
| Investing Cash Flow | $29.39M | ($429.6K) | $4.04M | ($1.76M) | ($3.94M) | ($4.15M) |
| Financing Cash Flow | ($31.03M) | ($3.08M) | ($12.20M) | $2.03M | $23.63M | ($4.86M) |
| CapEx | $542.8K | $439.4K | $821.8K | $1.58M | $3.72M | $4.15M |
| Free Cash Flow | $1.46M | $2.77M | $7.93M | ($1.52M) | ($24.86M) | $3.67M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 59.4% | 61.5% | 64.6% | 63.8% | 68.9% | 70.7% |
| Operating margin | 23.3% | -20.0% | 1.4% | -3.9% | 12.1% | 3.8% |
| EBITDA margin | 29.4% | -15.0% | 6.3% | -1.1% | 13.6% | 4.6% |
| Net margin | 10.1% | -15.4% | 1.1% | -2.9% | 5.8% | 6.2% |
| Free cash flow margin | 6.4% | 8.1% | 15.5% | -1.7% | -17.5% | 1.8% |
| FCF / Net income | 0.63 | -0.53 | 14.51 | 0.61 | -2.99 | 0.29 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 15.1% | 16.8% | 17.2% | 18.0% | 16.2% | 17.7% |
| Effective tax rate | 56.5% | - | 25.6% | - | 26.1% | 26.7% |
| Return on assets | 4.3% | -6.7% | 0.6% | -2.5% | 7.6% | 14.2% |
| Return on equity | 5.4% | -13.0% | 1.2% | -5.5% | 17.8% | 31.4% |
| Return on invested capital | 6.2% | -13.3% | 0.8% | -6.0% | 18.4% | 11.2% |
| Liquidity | ||||||
| Current ratio | 3.33 | 1.40 | 3.88 | 1.17 | 1.90 | 1.53 |
| Quick ratio | 0.51 | 0.62 | 1.30 | 0.08 | 0.12 | 0.17 |
| Cash ratio | 0.18 | 0.01 | 0.05 | 0.01 | 0.01 | 0.05 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.00 | 0.59 | 0.00 | 0.48 | 0.26 |
| Debt / Assets | 0.00 | 0.00 | 0.30 | 0.00 | 0.20 | 0.12 |
| Debt / EBITDA | 0.00 | - | 8.27 | - | 1.16 | 1.11 |
| Interest coverage | 3.6x | -3.1x | 0.3x | -1.6x | 18.8x | 13.8x |
| Equity multiplier | 1.27 | 1.93 | 1.98 | 2.21 | 2.35 | 2.21 |
| Liabilities / Assets | 0.21 | 0.48 | 0.50 | 0.55 | 0.57 | 0.55 |
| Efficiency | ||||||
| Asset turnover | 0.42 | 0.44 | 0.57 | 0.88 | 1.29 | 2.30 |
| Inventory turnover | 0.53 | 0.45 | 0.41 | 0.54 | 0.62 | 1.16 |
| Days sales outstanding | 14d | 23d | 14d | 12d | 9d | 6d |
| Days inventory outstanding | 683d | 807d | 888d | 679d | 590d | 315d |
| Days payable outstanding | 66d | 51d | 79d | 44d | 102d | 120d |
| Cash conversion cycle | 630d | 778d | 823d | 647d | 497d | 201d |
| Valuation | ||||||
| P / E | 5.0x | - | 26.3x | - | 8.0x | 10.4x |
| P / B | 0.3x | 0.3x | 0.3x | 0.7x | 1.4x | 3.3x |
| P / S | 0.5x | 0.4x | 0.3x | 0.3x | 0.5x | 0.6x |
| EV / EBITDA | 1.6x | - | 12.7x | - | 4.6x | 14.9x |
| Growth | ||||||
| Revenue growth (YoY) | -33.0% | -33.0% | -41.9% | -38.2% | -30.5% | - |
| Revenue CAGR (3y) | -36.1% | -37.8% | -37.1% | - | 8.0% | 19.9% |
| Revenue CAGR (5y) | -35.5% | - | -14.7% | -5.9% | 5.9% | 26.3% |
| Gross profit growth (YoY) | -35.3% | -36.3% | -41.2% | -42.7% | -32.3% | - |
| Operating income growth (YoY) | - | - | - | - | 122.3% | - |
| Net income growth (YoY) | - | - | - | - | -34.2% | - |
| EPS growth (YoY) | - | - | - | - | -34.7% | - |
| EPS CAGR (3y) | - | - | -64.0% | - | 13.0% | 22.8% |
| EPS CAGR (5y) | -29.0% | - | -36.5% | - | -5.1% | 16.5% |
| FCF growth (YoY) | -47.2% | -65.0% | - | 93.9% | - | - |
| FCF CAGR (5y) | -16.8% | - | 17.1% | - | - | - |
| Book value growth (YoY) | 5.5% | -10.7% | 0.5% | -3.3% | 16.2% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-02-28.
Business segments
$22.91M totalPaper Pie$19.34M · 84.4%
Publishing$3.57M · 15.6%
Product / service
$9.07M totalUsborne Products$9.07M · 100.0%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
3.09
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Miscellaneous Nondurable Goods
Comparing EDUCATIONAL DEVELOPMENT CORP against the 4 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Feb 18, 2022 | $0.1000 |
| Nov 17, 2021 | $0.1000 |
| Aug 23, 2021 | $0.1000 |
| Jun 1, 2021 | $0.1000 |
| Feb 22, 2021 | $0.1000 |
| Nov 18, 2020 | $0.1000 |
| Aug 19, 2020 | $0.0600 |
| Jun 1, 2020 | $0.0600 |
| Feb 24, 2020 | $0.0500 |
| Nov 13, 2019 | $0.0500 |
| Aug 21, 2019 | $0.0500 |
| Jun 3, 2019 | $0.0500 |
| Feb 20, 2019 | $0.0500 |
| Nov 26, 2018 | $0.0500 |
| Sep 14, 2018 | $0.0500 |
| Jun 1, 2018 | $0.0500 |
| Dec 7, 2016 | $0.0450 |
| Sep 14, 2016 | $0.0450 |
| Jun 8, 2016 | $0.0450 |
| Mar 9, 2016 | $0.0450 |
| Dec 9, 2015 | $0.0450 |
| Sep 9, 2015 | $0.0450 |
| Jun 10, 2015 | $0.0400 |
| Mar 11, 2015 | $0.0400 |