Barnes & Noble Education, Inc.
Business
Barnes & Noble Education, Inc. (BNED) operates one of the largest networks of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States, serving as a contract operator of these facilities. The company offers course materials (new, used, and digital textbooks), general merchandise (apparel, supplies, technology), cafés, wholesale textbook distribution, and inventory-management software to institutional partners. BNED operates through two main channels: 647 physical campus bookstores and 469 virtual bookstores, generating revenue through management fees, product sales, and service offerings including its BNC First Day® affordable-access course-material programs.
Summary from 10-K filed 2026-07-09
Financials
Consolidated Statement of Income
| Concept | Trend | May 2, 2026 2026-05-02 | May 3, 2025 2025-05-03 |
|---|---|---|---|
| Sales: | — | — | |
| Product sales and other | 1,564 | 1,463 | |
| Revenue from Contract with Customer, Product and Service [Extensible Enumeration] | — | — | |
| Rental income | 150 | 147 | |
| Total sales | 1,715 | 1,610 | |
| Cost of sales (exclusive of depreciation and amortization expense): | — | — | |
| Product and other cost of sales | 1,269 | 1,193 | |
| Rental cost of sales | 80 | 79 | |
| Total cost of sales | 1,349 | 1,272 | |
| Gross profit | 366 | 338 | |
| Selling and administrative expenses | 289 | 284 | |
| Depreciation and amortization expense | 33 | 38 | |
| Impairment loss | 13 | 2 | |
| Other (income) expense, net | −4 | −2 | |
| Operating income (loss) | 37 | 16 | |
| Loss on extinguishment of debt | 0 | −55 | |
| Interest expense, net | −16 | −22 | |
| Income (loss) before income taxes | 21 | −62 | |
| Income tax expense | 4 | 4 | |
| Net income (loss) | 17 | −66 | |
| Earning per share - Basic and Diluted | — | — | |
| Net income (loss) attributable to BNED shareholders - basic (in dollars per share) | 0.49 | −2.5 | |
| Net income (loss) attributable to BNED shareholders - diluted (in dollars per share) | 0.49 | −2.5 | |
| Weighted average shares of common stock outstanding - Basic (in shares) | 34 | 26 | |
| Weighted average shares of common stock outstanding - Diluted (in shares) | 35 | 26 |
Consolidated Balance Sheet
| Concept | Trend | May 2, 2026 2026-05-02 | May 3, 2025 2025-05-03 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 8 | 9 | |
| Accounts receivable (less allowance $977 and $2,148, respectively) | 117 | 98 | |
| Merchandise inventories, net | 298 | 300 | |
| Textbook rental inventories | 27 | 26 | |
| Prepaid expenses and other current assets | 34 | 32 | |
| Total current assets | 484 | 465 | |
| Property and equipment, net | 34 | 40 | |
| Operating lease right-of-use assets | 146 | 184 | |
| Intangible assets, net | 58 | 78 | |
| Other noncurrent assets | 18 | 23 | |
| Total assets | 740 | 790 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts payable | 136 | 149 | |
| Accrued liabilities | 81 | 66 | |
| Current operating lease liabilities | 67 | 65 | |
| Total current liabilities | 284 | 279 | |
| Long-term deferred taxes, net | 0 | 1 | |
| Long-term operating lease liabilities | 85 | 115 | |
| Other long-term liabilities | 5 | 19 | |
| Long-term borrowings | 71 | 103 | |
| Total liabilities | 445 | 518 | |
| Commitments and contingencies (Note 18) | — | — | |
| Stockholders' equity: | — | — | |
| Preferred stock, $0.01 par value; authorized, 5,000,000 shares; 0 shares issued and 0 shares outstanding | 0 | 0 | |
| Common stock, $0.01 par value; authorized, 200,000,000 shares; issued, 34,456,977 and 34,081,114 shares, respectively; outstanding, 34,429,710 and 34,053,847 shares, respectively | 345,000 | 341,000 | |
| Additional paid-in capital | 1,012 | 1,007 | |
| Accumulated deficit | −696 | −713 | |
| Treasury stock, at cost | 23 | 23 | |
| Total stockholders' equity | 294 | 272 | |
| Total liabilities and stockholders' equity | 740 | 790 |
Consolidated Statement of Cash Flows
| Concept | Trend | May 2, 2026 2026-05-02 | May 3, 2025 2025-05-03 |
|---|---|---|---|
| Cash flows from operating activities: | — | — | |
| Net income (loss) | 17 | −66 | |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities | — | — | |
| Depreciation and amortization expense | 33 | 38 | |
| Impairment loss (non cash) | 13 | 2 | |
| Loss on debt extinguishment | 0 | −55 | |
| Amortization of deferred financing costs | 4 | 5 | |
| Deferred taxes | 1 | 829,000 | |
| Stock-based compensation expense | 6 | 5 | |
| Changes in operating lease right-of-use assets and liabilities | 7 | −4 | |
| Changes in other long-term assets and liabilities and other, net | 11 | −7 | |
| Changes in other operating assets and liabilities, net: | — | — | |
| Receivables, net | 18 | −761,000 | |
| Merchandise inventories | −1 | −44 | |
| Textbook rental inventories | 596,000 | −2 | |
| Prepaid expenses and other current assets | 2 | −7 | |
| Accounts payable and accrued liabilities | 3 | −181 | |
| Changes in other operating assets and liabilities, net | 17 | 127 | |
| Net cash flows provided by (used in) operating activities | 50 | −85 | |
| Cash flows from investing activities: | — | — | |
| Purchases of property and equipment | 16 | 13 | |
| Proceeds from the sale of fixed assets | 0 | 793,000 | |
| Net cash flows provided by (used in) investing activities | −16 | −12 | |
| Cash flows from financing activities: | — | — | |
| Proceeds from borrowings | 813 | 887 | |
| Repayments of borrowings | 845 | 949 | |
| Payment of deferred financing costs | 2 | 6 | |
| Proceeds from Private Equity Investment | 0 | 50 | |
| Proceeds from Rights Offering | 0 | 45 | |
| Payment of equity issuance costs | 0 | 10 | |
| Principal stockholder expense reimbursement | 0 | 2 | |
| Payment on principal portion of finance lease | 365,000 | 370,000 | |
| Shares sold under at-the-market offering, net of commissions | 0 | 78 | |
| Purchase of treasury shares | 0 | 5,000 | |
| Net cash flows (used in) provided by financing activities | −34 | 98 | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | −504,000 | 153,000 | |
| Cash, cash equivalents, and restricted cash at beginning of year | 29 | 29 | |
| Cash, cash equivalents, and restricted cash at end of year | 28 | 29 | |
| Supplemental cash flow information: | — | — | |
| Cash paid during the period for: | — | — | |
| Interest paid | 13 | 18 | |
| Income taxes paid (net of refunds) (See Note 16) | 8 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Barnes & Noble Education, Inc.'s CIK number?
Barnes & Noble Education, Inc.'s SEC CIK number is 0001634117 (1634117). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Barnes & Noble Education, Inc.'s SEC filings?
All of Barnes & Noble Education, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Barnes & Noble Education, Inc. last report earnings?
Barnes & Noble Education, Inc. (BNED) most recently filed an earnings 8-K with the SEC on Jul 9, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001634117-26-000068). This is Barnes & Noble Education, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Barnes & Noble Education, Inc.'s most recent earnings 8-K?
Barnes & Noble Education, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 9, 2026 under accession 0001634117-26-000068. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Barnes & Noble Education, Inc.'s latest earnings 8-K →
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