Barnes & Noble Education (BNED) financial statements
Barnes & Noble Education reported revenue of $1.6B in fiscal 2026, down 2.0% a year over 9 years.
Net income was $17M and the operating margin 2.3%, against 0.7% in 2017.
Free cash flow was $34M.
The diluted share count rose 147941% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Barnes & Noble Education's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $2.0B | $1.9B | $1.4B | $1.5B | $1.5B | $1.4B | $1.5B | $1.6B |
| Cost of revenue | $1.4B | $1.6B | $1.5B | $1.4B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B |
| Gross profit | $459M | $557M | $528M | $443M | $230M | $343M | $349M | $345M | $338M | $366M |
| Selling, general and admin | $381M | $434M | $424M | $404M | $316M | $354M | $358M | $312M | $284M | $289M |
| Operating income | $14M | -$263M | -$28M | -$43M | -$169M | -$61M | -$66M | -$34M | $16M | $37M |
| Pre-tax income | $10M | -$273M | -$37M | -$50M | -$177M | -$71M | -$89M | -$74M | -$62M | $21M |
| Income tax | $5M | -$20M | -$13M | -$12M | -$7M | -$9M | $1M | $858,000 | $4M | $4M |
| Net income | $5M | -$253M | -$24M | -$38M | -$140M | -$69M | -$102M | -$76M | -$66M | $17M |
| EPS (diluted) | $220.00 | -$10,800.00 | -$1,040.00 | -$1,600.00 | -$5,620.00 | -$2,660.00 | -$38.61 | -$28.46 | -$2.50 | $0.49 |
| Diluted shares | 0M | 0M | 0M | 0M | 0M | 0M | 3M | 3M | 26M | 35M |
| Gross margin | 24.5% | 25.3% | 25.9% | 23.9% | 16.4% | 22.9% | 22.6% | 24.1% | 23.1% | 23.4% |
| Operating margin | 0.7% | -11.9% | -1.4% | -2.3% | -12.0% | -4.1% | -4.3% | -2.4% | 1.1% | 2.3% |
| Net margin | 0.3% | -11.5% | -1.2% | -2.1% | -9.9% | -4.6% | -6.6% | -5.3% | -4.5% | 1.1% |
Balance sheet
Fiscal years, from Barnes & Noble Education's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $16M | $14M | $8M | $8M | $9M | $14M | $10M | $9M | $8M |
| Receivables | $86M | $100M | $98M | $91M | $121M | $136M | $93M | $99M | $98M | $117M |
| Inventory | $434M | $444M | $420M | $429M | $281M | $294M | $323M | $344M | $300M | $298M |
| Total current assets | $603M | $619M | $591M | $585M | $501M | $532M | $537M | $521M | $465M | $484M |
| Property, plant and equipment | $117M | $111M | $110M | $98M | $89M | $74M | $68M | $53M | $40M | $34M |
| Goodwill | $329M | $49M | $5M | $5M | $5M | $5M | — | — | — | — |
| Total assets | $1.3B | $1.0B | $946M | $1.2B | $1.0B | $1.1B | $981M | $910M | $790M | $740M |
| Total current liabilities | $413M | $413M | $409M | $407M | $374M | $415M | $462M | $475M | $279M | $284M |
| Total liabilities | $586M | $571M | $496M | $739M | $738M | $843M | $850M | $830M | $518M | $445M |
| Shareholders' equity | $714M | $468M | $451M | $418M | $293M | $228M | $153M | $80M | $272M | $294M |
| Net debt | -$19M | -$16M | -$14M | -$8M | -$8M | -$9M | -$14M | -$10M | -$9M | -$8M |
Cash flow
Fiscal years, from Barnes & Noble Education's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $68M | $60M | $122M | -$9M | $33M | $1M | $92M | -$5M | -$85M | $50M |
| Capital spending | $35M | $43M | $46M | $36M | $28M | $34M | $25M | $14M | $13M | $16M |
| Free cash flow | $33M | $17M | $75M | -$45M | $5M | -$32M | $67M | -$19M | -$98M | $34M |
| Stock-based compensation | $9M | $8M | $9M | $7M | $5M | $6M | $5M | $3M | $5M | $6M |
| Share buybacks (net) | -$9M | -$2M | -$2M | -$1M | -$894,000 | -$2M | -$864,000 | -$176,000 | -$5,000 | $0 |
| Free cash flow margin | 1.8% | 0.8% | 3.7% | -2.4% | 0.4% | -2.2% | 4.3% | -1.3% | -6.7% | 2.2% |
Questions
What was Barnes & Noble Education's revenue in 2026?
$1.6B in fiscal 2026, from its 10-K filing.
How much free cash flow does Barnes & Noble Education generate?
$34M in fiscal 2026 (operating cash flow minus capital spending).
From Barnes & Noble Education's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.