BASSETT FURNITURE INDUSTRIES INC

Listed Company

BSETCIK 0000010329NasdaqAcceleratedSmaller ReportingWood Household Furniture, (No Upholstered)VirginiaFY ends Nov 28

Period

FY 2025

Revenue

$335.28M

Net Income

$6.10M

Total Assets

$323.82M

Equity

$165.11M

Shares Out

8.65M

Op. Cash Flow

$13.49M

BSET$21.58+17.99% · past yearDBEQ Basic

Daily closing prices

Business

Bassett Furniture Industries designs, manufactures, and sources home furnishings including upholstered pieces, leather, wood, casegoods, and mattresses. The company operates through two segments: a wholesale business serving its network of Bassett Home Furnishings stores and independent retailers, and a retail segment of Company-owned stores offering custom furniture design and in-home or virtual design services. Manufacturing occurs domestically in North Carolina, Virginia, and Alabama, with casegoods and certain leather offerings sourced primarily from Vietnam.

Summary from 10-K filed 2026-02-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Net sales	335	330	390	486	431
Cost of goods sold	147	151	184	237	210
Gross profit	189	179	206	248	221
Selling, general and administrative expenses	180	188	205	218	197
Asset impairment charges	498,000	6	0	0	0
Loss on contract abandonment	0	1	0	0	—
Loss upon realization of cumulative translation adjustment	0	962,000	0	0	—
Restructuring charges	0	440,000	0	0	—
Goodwill impairment charge	0	0	5	0	0
Gain on revaluation of contingent consideration	0	0	1	0	0
Income (loss) from operations	8	−16	−3	35	24
Interest income	2	3	3	302,000	48,000
Interest expense	−52,000	−30,000	−22,000	—	—
Other loss, net	−994,000	−744,000	−2	−1	−2
Income (loss) before income taxes	9	−14	−2	34	23
Income tax expense (benefit)	3	−5	683,000	9	6
Net income (loss)	6	−10	−3	65	18
Basic earnings (loss) per share: (in dollars per share)	0.7	−1.11	−0.36	6.96	1.83
Diluted earnings (loss) per share: (in dollars per share)	0.7	−1.11	−0.36	6.95	1.83
Regular dividends per share (in dollars per share)	0.8	0.76	0.68	0.6	0.53

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Cash and cash equivalents	41	40	52	62	34
Short-term investments	18	20	20	18	18
Accounts receivable, net of allowance for credit losses of $429 and $1,097 as of November 29, 2025 and November 30, 2024, respectively	14	13	14	18	21
Inventories	62	55	63	85	78
Recoverable income taxes	3	4	3	2	8
Other current assets	7	9	8	11	10
Total current assets	146	142	158	196	180
Property and equipment, net	73	77	84	77	69
Deferred income taxes, net	6	7	5	6	3
Goodwill	7	7	7	13	—
Intangible assets	7	7	—	—	—
Right of use assets under operating leases	77	94	101	99	96
Other	8	8	7	6	6
Total other long-term assets	105	123	128	133	172
Total assets	324	341	370	406	422
Accounts payable	15	13	16	20	24
Accrued compensation and benefits	10	7	9	13	13
Customer deposits	25	26	23	36	51
Current portion of operating lease obligations	19	18	19	19	20
Other accrued liabilities	8	9	11	13	10
Total current liabilities	77	73	78	101	134
Post employment benefit obligations	11	11	10	10	13
Long-term portion of operating lease obligations	69	88	97	97	95
Other long-term liabilities	996,000	1	2	2	686,000
Total long-term liabilities	82	100	109	110	125
Commitments and Contingencies	—	—	—	—	—
Common stock, $5 par value; 50,000,000 shares authorized; issued and outstanding: 8,651,054 at November 29, 2025 and 8,736,046 at November 30, 2024	43	44	44	45	49
Retained earnings	121	123	139	151	116
Additional paid-in-capital	0	6,000	—	—	—
Accumulated other comprehensive income	723,000	793,000	152,000	50,000	−2
Total stockholders' equity	165	167	183	196	163
Total liabilities and stockholders equity	324	341	370	406	422

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Depreciation and amortization	9	10	10	11	15
Inventory valuation charges	2	5	5	4	3
Deferred income taxes	912,000	−2	831,000	−2	2
Other, net	1	2	2	−302,000	728,000
Accounts receivable	−1	555,000	4	3	−6
Inventories	−9	3	18	−10	−26
Other current and long-term assets	3	−2	2	6	−2
Right of use assets under operating leases	17	17	19	21	26
Customer deposits	−773,000	3	−13	−17	12
Accounts payable and accrued liabilities	3	−7	−9	−4	2
Obligations under operating leases	−19	−21	−20	−23	−29
Net cash provided by (used in) operating activities	13	4	19	−3	15
Purchases of property and equipment	−5	−5	−17	−21	−11
Proceeds from sales of property and equipment	0	0	500,000	8	382,000
Investment in certificates of deposit	−316,000	−3	−60,000	0	—
Proceeds from the maturity of certificates of deposit	3	0	0	—	—
Proceeds from the disposition of discontinued operations	0	0	1	85	0
Other	−597,000	−972,000	−2	−40,000	−1
Net cash provided by (used in) investing activities	−3	−9	−18	66	−12
Cash dividends	−7	−7	−6	−20	−8
Issuance of common stock	335,000	371,000	318,000	424,000	363,000
Repurchases of common stock	−2	−1	−4	−15	−6
Taxes paid related to net share settlement of equity awards	−136,000	−161,000	−109,000	−19,000	−219,000
Repayment of finance lease obligations	−145,000	−253,000	−278,000	−684,000	−1
Net cash used in financing activities	−9	−8	−10	−36	−14
Effect of exchange rate changes on cash and cash equivalents	0	−21,000	48,000	−58,000	0
Change in cash and cash equivalents	2	−13	−9	27	−11

Filings

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Frequently asked questions

What is BASSETT FURNITURE INDUSTRIES INC's CIK number?

BASSETT FURNITURE INDUSTRIES INC's SEC CIK number is 0000010329 (10329). 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 BASSETT FURNITURE INDUSTRIES INC's SEC filings?

All of BASSETT FURNITURE INDUSTRIES 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 BASSETT FURNITURE INDUSTRIES INC last report earnings?

BASSETT FURNITURE INDUSTRIES INC (BSET) most recently filed an earnings 8-K with the SEC on Jul 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-022293). This is BASSETT FURNITURE INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is BASSETT FURNITURE INDUSTRIES INC's most recent earnings 8-K?

BASSETT FURNITURE INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Jul 1, 2026 under accession 0001437749-26-022293. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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