BNED at a glance
Barnes & Noble Education, Inc. (BNED, SEC CIK 1634117) filed its latest 10-K annual report on July 9, 2026, a 10-Q quarterly report on September 8, 2026, an 8-K current report on September 30, 2026 and Form 4 insider filings as recently as September 29, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended May 2, 2026 (FY2026), Barnes & Noble Education, Inc. (BNED) reported revenue of $1.6 billion (up 6.9% from FY2025) and net income of $16.9 million. Diluted EPS was $0.49.
- The most recent insider open-market sale reported on Form 4 was by Luster Gary on September 23, 2026 of 2,267 shares at $11.20 per share.
- In the last 90 days, BNED insiders reported 0 open-market purchases ($0) and 6 open-market sales ($490K) on Form 4, a net sale of $490K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $1.6B
- +6.9% vs prior year
- Insiders · 90 days
- 0 buys · 6 sells
- Net −$490K
- Latest 8-K
- Sep 30, 2026
- Item 5.07
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended May 2, 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
AI summary of the BNED 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Aug 1, 2026
Management Discussion & Analysis
- Revenue and quarterly performance figures not provided in supplied MD&A excerpt
- Profitability and margin percentages not provided in supplied MD&A excerpt
- Segment or product-line performance figures not provided in supplied MD&A excerpt
- Cash position, operating cash flow, and capital deployment figures not provided in supplied MD&A excerpt
- Outlook: strong institutional interest in First Day programs and expected long-term comparable-store general merchandise growth
Risk Factors
- No risk-factor text provided beyond cross-reference to the Form 10-K
- No newly added risk or quarter-specific trigger disclosed
- No material regulatory, legal, or compliance update disclosed
- No operational, competitive, market, liquidity, debt, currency, or concentration update disclosed
AI summary of the BNED 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.07: Submission of Matters to a Vote of Security Holders
- 30,001,302 of 34,664,980 outstanding shares represented, indicating approximately 87% meeting participation
- All six director nominees elected, with Eric B. Singer receiving the strongest opposition at 2,070,031 votes against
Item 8.01: Other Events
- Quarterly cash dividend of $0.08 per common share declared
- October 14, 2026 record date for eligible stockholders
Item EX-99.1: Item EX-99.1
- Quarterly cash dividend of $0.08 per share declared by BNED’s board
- Shareholders of record October 14, 2026 eligible for payment
Item 2.02: Results of Operations and Financial Condition
- Fiscal quarter ended August 1, 2026 financial results announced September 8, 2026
- Press release furnished as Exhibit 99.1, containing management’s reported quarterly performance
Item EX-99.1: Item EX-99.1
- Fiscal Q1 2027 revenue rose 0.8% to $290.6 million, led by BNC First Day revenue growth of 9.0% to $124.7 million
- Net loss improved 29.3% to $12.9 million, while Adjusted EBITDA loss narrowed 18.9% to $9.3 million
AI summaries of BNED 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BNED
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Warren Denise | A | Sep 25, 2026 | 17,653 | - |
| Singer Eric | A | Sep 25, 2026 | 17,653 | - |
| Madnani Sean V | A | Sep 25, 2026 | 17,653 | - |
| WALKER KATHRYN EBERLE | A | Sep 25, 2026 | 17,653 | - |
| MARTIN WILLIAM C | A | Sep 25, 2026 | 17,653 | - |
| HOFFMAN EMILY | A | Sep 25, 2026 | 17,653 | - |
| Luster Gary | Sell | Sep 23, 2026 | 2,267 | $11.20 |
| SHAR JONATHAN | Sell | Sep 22, 2026 | 30,000 | $11.04 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.5B | $1.6B |
| Gross Profit | - | $337.8M | $366.2M |
| Operating Income | - | $15.9M | $36.5M |
| Net Income | - | -$65.8M | $16.9M |
| Gross Margin | - | 23.1% | 23.4% |
| Op. Margin | - | 1.1% | 2.3% |
| Net Margin | - | -4.5% | 1.1% |
| Balance Sheet | |||
| Total Assets | $1.0B | $790.3M | $739.9M |
| Equity | $211.4M | $272.2M | $294.4M |
| ROE | - | -24.2% | 5.7% |
| Per Share | |||
| EPS | - | $-2.50 | $0.49 |
| Cash Flow | |||
| Operating CF | - | -$85.4M | $50.1M |
| CapEx | - | $12.9M | $16.2M |
Source: XBRL data in Barnes & Noble Education, Inc. (BNED)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
BNED filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 30, 2026 | - | Analysis | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 8-K | Sep 24, 2026 | - | Analysis | - |
| 10-Q | Sep 8, 2026 | Aug 1, 2026 | Analysis | |
| 8-K | Sep 8, 2026 | - | Analysis | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Jul 21, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 8-K | Jul 9, 2026 | - | Analysis | - |
| 10-K | Jul 9, 2026 | May 2, 2026 | Analysis | |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 8-K | Jun 24, 2026 | - | Analysis | - |
| 4 | Mar 17, 2026 | - | - | - |
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BNED SEC filings: frequently asked questions
Are BNED insiders buying or selling?
In the last 90 days, Barnes & Noble Education, Inc. (BNED) officers, directors and 10% owners reported no open-market purchases and 6 open-market sales worth $490,472 by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
What was BNED's revenue in fiscal year 2026?
For the fiscal year ended May 2, 2026 (FY2026), Barnes & Noble Education, Inc. (BNED) reported revenue of $1.6 billion (up 6.9% from FY2025) and net income of $16.9 million. Diluted EPS was $0.49. The figures come from the XBRL data in the 10-K.
What are the main risks in BNED's latest 10-K?
In the 10-K filed July 9, 2026, Barnes & Noble Education, Inc. (BNED) flagged: 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. (AI summary of the Risk Factors section.)
What did BNED report in its latest 8-K?
Barnes & Noble Education, Inc. (BNED) filed an 8-K on September 30, 2026 reporting Item 5.07 (Submission of Matters to a Vote of Security Holders). 30,001,302 of 34,664,980 outstanding shares represented, indicating approximately 87% meeting participation.
What are the latest BNED SEC filings?
Barnes & Noble Education, Inc. (BNED) filed its latest 10-K annual report on July 9, 2026, a 10-Q quarterly report on September 8, 2026, an 8-K current report on September 30, 2026 and a Form 4 insider filing on September 29, 2026.
What is BNED's SEC CIK number?
Barnes & Noble Education, Inc. (BNED)'s SEC Central Index Key (CIK) is 1634117. EDGAR lists every BNED filing under that number.
Ask anything about BNED
The research agent reads BNED's filings, financials, insider trades and 13F holders, then answers with sources.