BNED Barnes & Noble Education, Inc.

company

SEC Filings & Insider Trading Activity 2026

Business Overview

• • Core business model: Contract operator of physical and virtual college/K-12 bookstores and textbook wholesaler with inventory management solutions across 1,116 locations in the US
• • New emphasis on scaling BNC First Day® affordable access course material programs, with 28% revenue growth to $760.1M in fiscal 2026, reversing long-term revenue declines
• • Strategic partnership expansion with Fanatics and Lids to enhance e-commerce, product assortment, and digital marketing for logo general merchandise growth
• • Employee count steady at approximately 3,613 full- and part-time domestically, plus 169 international employees, supported by expanded training and leadership programs
• • Completed $95M equity raise and debt refinancing in June 2024 to deleverage balance sheet and invest in innovation, shifting Immersion to controlling interest in BNED

Management Discussion & Analysis

• • Revenue $1.715B, up 6.5% YoY ($104.6M increase) driven by BNC First Day® program growth (+$166.3M, 28% to $760.1M) and new store sales
• • Gross margin 21.4% vs 21.0%; operating income $36.5M (2.1% margin) vs $15.9M (1.0% margin) with selling/admin expenses down to 16.8% from 17.6%
• • Best segment: BNC First Day® program with $760.1M revenue, +28%, fueling course material sales growth; worst performing: general merchandise and closed stores declining sales
• • Operating cash flow positive $50.1M vs $(85.4)M loss prior year; Capex $16.2M; debt reduced to $71M from $103.1M; no share repurchases in fiscal 2026; dividends not mentioned
• • Forward outlook: focus on affordable access programs growth, aligning cash flows due to shift in timing of receivables from schools; new $325M credit facility provides liquidity and financial flexibility

Risk Factors

• • Regulatory/legal risk: Data privacy compliance with CCPA and CPRA California laws impacting handling of personal data, with enforcement since July 2020 and full operation by January 2023
• • Geopolitical/macroeconomic threat: Trump administration tariffs in 2025-2026 on Chinese and other imports threaten supply chain cost; largest supplier accounts for 50% of merchandise purchased
• • Operational/supply chain vulnerability: Dependence on four suppliers for 56% of merchandise purchases risks disruption or unfavorable supply terms affecting inventory and course material availability
• • Competitive/market disruption risk: Intense competition from Amazon, Chegg, Follett, VitalSource, and others with aggressive pricing, digital content platforms, and alternative course material business models
• • Financial/structural risk: Material weaknesses in internal controls over financial reporting discovered in Fiscal 2025, resulting in restatement, delayed filings, SEC investigation, and increased compliance costs

What are the latest BNED SEC filings in 2026?

Barnes & Noble Education, Inc. (BNED) has filed a 10-K annual report on July 9, 2026, a 10-Q quarterly report on March 10, 2026, an 8-K current report on July 9, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did BNED file its most recent 10-K annual report?

Barnes & Noble Education, Inc. (BNED) filed its most recent 10-K annual report on July 9, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view BNED 10-Q quarterly reports?

Barnes & Noble Education, Inc. (BNED)'s most recent 10-Q quarterly report was filed on March 10, 2026. SignalX displays every BNED 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has BNED filed recently?

Barnes & Noble Education, Inc. (BNED)'s most recent 8-K was filed on July 9, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find BNED insider trading activity (Form 4)?

SignalX aggregates every BNED Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does BNED file with the SEC?

Barnes & Noble Education, Inc. (BNED) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new BNED filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Barnes & Noble Education, Inc. (BNED).

What is BNED's SEC CIK number?

Barnes & Noble Education, Inc. (BNED)'s SEC CIK (Central Index Key) number is 1634117. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1634117 to look up all BNED filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find BNED return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Barnes & Noble Education, Inc. (BNED) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.