EDUCATIONAL DEVELOPMENT CORP

Listed Company

EDUCCIK 0000031667NasdaqNon-AcceleratedSmaller ReportingWholesale-Miscellaneous Nondurable GoodsDelawareFY ends Feb 28

Period

FY 2026

Revenue

$22.91M

Net Income

$2.33M

Total Assets

$54.31M

Equity

$42.79M

Shares Out

8.51M

Op. Cash Flow

$2.01M

Business

EDUCATIONAL DEVELOPMENT CORP is a publisher and marketer of children’s books, educational toys and games and the exclusive U.S. multi-level marketing distributor for Usborne Publishing. It offers Kane Miller children’s books, Learning Wrap-Ups educational manipulatives, SmartLab Toys STEAM-based toys and games, and related products, including interactive, language and science/math titles. The company operates two segments: a Direct Sales Division (PaperPie) selling through independent Brand Partners and a Publishing Division (EDC Publishing) serving retail and trade accounts. It distributes products domestically and internationally through Brand Partner direct sales, retail outlets, trade shows and agency showrooms.

Summary from filing dated 2025-05-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Feb 28, 2026 2026-02-28	Feb 28, 2025 2025-02-28
REVENUES	23	34
NET REVENUES	23	34
COST OF GOODS SOLD	9	13
Gross margin	14	21
OPERATING EXPENSES:	—	—
Operating and selling	3	6
Sales commissions	6	10
General and administrative	11	12
Total operating expenses	21	28
INTEREST EXPENSE	1	2
OTHER INCOME	—	—
Gain from sale of assets - net	12	0
Other - net	2	2
Total other income	14	2
EARNINGS (LOSS) BEFORE INCOME TAXES	5	−7
INCOME TAX EXPENSE (BENEFIT)	3	−2
NET EARNINGS (LOSS)	2	−5
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:	—	—
Basic (in Dollars per share)	0.27	−0.63
Diluted (in Dollars per share)	0.27	−0.63
WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING:	—	—
Basic (in Shares)	9	8
Diluted (in Shares)	9	8
Dividends per share (in Dollars per share)	0	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Feb 28, 2026 2026-02-28	Feb 28, 2025 2025-02-28
CURRENT ASSETS:	—	—
Cash and cash equivalents	1	428,400
Restricted cash	222,000	548,100
Accounts receivable, less allowance for credit losses of $109,600 (2026) and $112,300 (2025)	861,300	2
Inventories - net	17	29
Prepaid expenses and other assets	374,600	768,100
Assets held for sale	563,600	19
Total current assets	21	52
INVENTORIES - net	20	16
PROPERTY, PLANT AND EQUIPMENT - net	6	6
DEFERRED INCOME TAX ASSET - net	0	3
OPERATING LEASE RIGHT-OF-USE ASSETS	7	1
OTHER ASSETS	500,500	431,700
TOTAL ASSETS	54	78
CURRENT LIABILITIES:	—	—
Accounts payable	2	2
Line of credit	0	4
Deferred revenues	320,500	491,800
Operating lease liabilities, current	1	697,000
Current maturities of long-term debt	0	27
Accrued salaries and commissions	218,600	313,700
Income taxes payable	1	460,900
Other current liabilities	1	3
Total current liabilities	6	37
OPERATING LEASE LIABILITIES, noncurrent	5	411,100
OTHER LONG-TERM LIABILITIES	5,200	112,900
Total liabilities	12	38
SHAREHOLDERS’ EQUITY:	—	—
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,702,080 shares; Outstanding 8,511,364 (2026) and 8,583,201 (2025) shares	3	3
Capital in excess of par value	14	14
Retained earnings	40	37
Accumulated other comprehensive loss	0	−15,400
Stockholders' Equity before Treasury Stock	56	54
Less treasury stock, at cost	13	13
Total shareholders’ equity	43	41
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	54	78

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Feb 28, 2026 2026-02-28	Feb 28, 2025 2025-02-28
CASH FLOWS FROM OPERATING ACTIVITIES:	—	—
Net earnings (loss)	2	−5
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:	—	—
Depreciation and amortization	1	2
Deferred income taxes	3	−1
Provision for credit losses	36,000	48,000
Provision for inventory valuation allowance	144,000	144,000
Share-based compensation expense - net	0	403,300
Net loss (gain) on sale of assets	12	−3,300
Impairment loss on assets	287,100	318,100
Changes in assets and liabilities:	—	—
Accounts receivable	−1	237,100
Inventories - net	−7	−11
Prepaid expenses and other assets	−297,800	168,300
Accounts payable	−161,000	−2
Accrued salaries and commissions and other liabilities	−1	−918,400
Deferred revenues	−171,300	−91,700
Income taxes payable/receivable	685,900	−312,500
Total adjustments	−319,900	8
Net cash provided by operating activities	2	3
CASH FLOWS FROM INVESTING ACTIVITIES:	—	—
Purchases of property, plant and equipment	542,800	439,400
Proceeds from sale of assets	30	9,800
Net cash provided by (used in) investing activities	29	−429,600
CASH FLOWS FROM FINANCING ACTIVITIES:	—	—
Payments on term debt	27	2
Cash paid to acquire treasury stock	137,900	700
Sales of treasury stock	20,200	17,700
Net payments under line of credit	−4	−1
Net cash used in financing activities	−31	−3
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	363,900	−300,900
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD	—	—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD	—	—
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:	—	—
Cash paid for interest	1	2
Cash (received)/paid for income taxes - net of refunds	−200,500	−274,300
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:	—	—
Fair value of the interest rate exchange agreement	0	−39,800
NONCASH TRANSACTIONS	—	—
Leased assets obtained in exchange for operating lease liabilities	6	282,800
Inventory donations	291,700	0

Filings

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