10-Q quarterly report · filed Jan 20, 2026

Barnes & Noble Education, Inc. (BNED) Q3 2025 10-Q Quarterly Report

Short answer

Barnes & Noble Education, Inc. (BNED) filed its Q3 2025 10-Q quarterly report on Jan 20, 2026 for the quarter ended Aug 2, 2025. Quarterly revenue was $274M (up 4.1% year over year) with net income of −$18M.

Q3 2025 key financials · XBRL

Revenue
$274M
+4.1% YoY
Net income
−$18M
+81.6% YoY
Operating margin
-8.4%
Gross margin
20.2%
EPS (diluted)
−$0.54
+92.7% YoY

Source: XBRL data from the Barnes & Noble Education, Inc. (BNED) Q3 2025 10-Q on SEC EDGAR. USD.

Barnes & Noble Education, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Segment realignment to one combined Retail and Wholesale operating segment during 26 weeks ended October 26, 2024
  • First Day Complete and First Day programs offsetting course-material revenue declines and increasing relative gross profits
  • Increased year-over-year enrollment trends observed in Spring and Fall 2025
  • Cash timing pressure from school collections occurring after drop/add dates under affordable access programs
  • Headwinds from inflation, supply-chain disruption, price competition, lower birth rates and potential federal higher-education policy changes

Risk Factors

  • No material changes identified; 10-Q references risk factors in the May 3, 2025 Form 10-K
  • No newly added risk factor or quarter-specific trigger disclosed
  • No materially updated regulatory, legal, or compliance risk disclosed
  • No operational, competitive, market, liquidity, debt, currency, or concentration risk updates disclosed

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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