0001634117-26-000018
SEC filingBarnes & Noble Education, Inc. reported Q3 2026 financial results for the period ending January 31, 2026. The company generated total sales of $515.1 million, consisting of $471.8 million in product and other sales and $43.3 million in rental income. Gross profit was $96.1 million, resulting in a gross margin of 18.7%. Operating income reached $14.6 million after accounting for selling and administrative expenses of $72.6 million, depreciation and amortization of $7.4 million, impairment loss of $456K, and other expense of $1.0 million. Net income was $6.7 million after interest expense of -$4.9 million and income tax expense of $3.1 million. The company reported basic and diluted earnings per share of $0.00. Cash flow from operations was negative at -$30.8 million, while financing activities provided $32.2 million in cash, resulting in a net decrease in cash of -$10.3 million. The balance sheet shows total assets of $1.13 billion, total liabilities of $840.3 million, and stockholders' equity of $290.0 million.
Barnes & Noble Education, Inc. reported Q3 2026 financial results with total sales of $515.1 million for the period ending January 31, 2026. The company achieved net income of $6.7 million, representing a positive quarterly performance. Operating income was $14.6 million, driven by gross profit of $96.1 million. The company reported basic and diluted earnings per share of $0.00. Cash flow from operations was negative at -$30.8 million, while financing activities provided $32.2 million in cash, resulting in a net decrease in cash of -$10.3 million. The balance sheet shows total assets of $1.13 billion, with current assets of $825.7 million including receivables of $416.4 million and merchandise inventories of $329.4 million. Total liabilities stand at $840.3 million, with current liabilities of $579.8 million primarily consisting of accounts payable of $319.2 million and accrued liabilities of $186.9 million. Stockholders' equity was $290.0 million.
The company's revenue of $515.1 million consisted of two main components: product and other sales of $471.8 million and rental income of $43.3 million. No segment breakdown or geographic mix was provided in the available data. The revenue structure shows the company's dual business model combining product sales with rental services. Cost of sales totaled $419.0 million, comprising product and other cost of sales of $394.8 million and rental cost of sales of $24.2 million. The document does not provide information about revenue growth drivers, customer concentration, or market segment performance beyond these aggregate figures.
The company achieved a gross margin of 18.7% based on gross profit of $96.1 million on sales of $515.1 million. Operating margin was 2.8% with operating income of $14.6 million. Selling and administrative expenses totaled $72.6 million, representing 14.1% of revenue. Depreciation and amortization expense was $7.4 million, impairment loss was $456K, and other expense was $1.0 million. Interest expense, net was -$4.9 million, and income tax expense was $3.1 million. The net income margin was 1.3%. The cost structure shows product and other cost of sales representing 83.7% of corresponding revenue, while rental cost of sales represents 55.9% of rental income.
Operating cash flow was negative at -$30.8 million despite net income of $6.7 million, primarily due to changes in working capital including increases in receivables ($318.3M), merchandise inventories ($29.9M), and textbook rental inventories ($17.2M). Investing activities used -$11.8 million for purchases of property and equipment. Financing activities provided $32.2 million, mainly from proceeds from borrowings of $604.0 million offset by repayments of $568.7 million. The balance sheet shows total assets of $1.13 billion with current assets of $825.7 million. Total liabilities were $840.3 million including long-term borrowings of $138.4 million and operating lease liabilities totaling $177.7 million. The current ratio was 1.42 based on current assets of $825.7 million and current liabilities of $579.8 million. Cash and cash equivalents were $10.1 million.
The provided document does not contain management guidance, strategic priorities, or forward-looking statements about the company's outlook. No information is available about future expectations, planned initiatives, or risk factors specific to future periods. The analysis is limited to the historical financial results presented in the Q3 2026 10-Q filing. Investors should refer to the complete SEC filing for any forward-looking information that may be included in management's discussion and analysis or other sections not provided in this data extract.