Barnes & Noble Education, Inc.

Barnes & Noble Education, Inc.

BNEDยทNYSE

$10.28

-5.3%
Consumer CyclicalSpecialty Retail

Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com. It also offers First Day and First Day Complete access programs; BNC OER+, a turnkey solution for colleges and universities, that offers digital content, such as videos, activities, and auto-graded practice assessments; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle products, technology products, supplies, graduation products, and convenience items. In addition, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 350 college bookstores. Further, it offers direct-to-student subscription-based writing services; and bartleby, a direct-to-student subscription-based offering that includes textbook solutions, expert questions and answers, and writing and tutoring services. The company operates 805 physical college and university bookstores; 622 virtual bookstores; 8 True Spirit e-commerce websites; pop-up retail locations; 73 customized cafรฉs and 11 stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey.

At a Glance

Live Snapshot
Market Cap$352.56M
EPS-2.5000
P/E Ratio-4.11
Earnings Date07/01/2026
3Y-7457.0%
5Y+430.0%
10Y-203.0%
3Y-72.0%
5Y-59.0%
10Y-83.0%
3Y+114.0%
5Y+145.0%
10Y-445.0%
BNED

Barnes & Noble Education, Inc. Cash Conversion Engine

BNED ยท NYSE
Net Income-65.83M
Depreciation & Amortization37.94M
Stock-Based Compensation5.39M
Change in Working Capital-124.19M
Others62.11M
Capital Expenditures-12.89M
Free Cash Flow-98.31M

Cash Flow Quality Analysis

FCF Conversion Rate

149.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-15.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-412.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$124.19M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Barnes & Noble Education, Inc. Cash Flow Statement

BNED โ€ข NYSE

Barnes & Noble Education, Inc. Cash Flow StatementMay 2025Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012
OPERATING ACTIVITIES
-65.8M
-75M
-90.1M
-61.6M
-133.6M
-38.3M
-24.4M
-252.6M
5.4M
84K
19.1M
35.1M
30.2M
36.4M
37.9M
40.6M
42.2M
42.5M
45.9M
65.9M
67M
65.6M
53.3M
52.7M
50.5M
48M
46.8M
45.3M
-829K
125K
409K
-17.8M
-7.8M
-5.4M
-4.5M
-14.8M
-12M
-11.9M
-11.3M
-10M
-7.6M
-2.2M
5.4M
3.4M
4.7M
5.7M
4.7M
6.6M
9M
8.5M
9.4M
6.7M
3M
1.8M
1M
620K
62.1M
19.4M
10.3M
25.7M
49.5M
1.5M
59.3M
314.6M
792K
12.5M
2.3M
11K
209K
161K
(2.1M)
(0.0)
(0.0)
(0.0)
(6M)
(0.0)
(10.3M)
(25.5M)
(1.5M)
(13.9M)
(25.2M)
(32.8M)
(27.4M)
(26M)
-124.2M
6.4M
124.2M
6.6M
74.1M
-46.6M
14.4M
-61.3M
11.1M
22.7M
-50.1M
-9.2M
-11.1M
-19.7M
-85.4M
-5.1M
91.7M
1.2M
32.9M
-16.1M
120.8M
60M
68M
82.8M
13.5M
65.8M
59.5M
60.7M
INVESTING ACTIVITIES
-12.9M
-14.1M
-25.1M
-33.6M
-27.6M
-36.2M
-46.4M
-42.8M
-34.7M
-50.8M
-48.5M
-38.3M
-38.8M
-40.5M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-10M
-58.3M
-186.7M
-17.8M
(0.0)
(0.0)
(0.0)
(0.0)
793K
21.5M
-6M
-9.1M
-9.3M
6.6M
1.8M
1M
-3M
-2.1M
-9.7M
808K
-10.3M
-2.8M
-12.1M
(7.4M)
-31M
-42.7M
-36.9M
-29.6M
-54.6M
-100M
-224.4M
-70.7M
-58.2M
-37.4M
-49.1M
-43.3M
FINANCING ACTIVITIES
173.4M
-176K
-864K
-2.4M
10M
-1.3M
-2M
-1.6M
-9.4M
-18.6M
0.0
0.0
0.0
0.0
-62.2M
10.8M
-41.5M
48.1M
2.9M
41.2M
-62.9M
36.8M
159.6M
-3.3M
0.0
0.0
0.0
0.0
-5K
-176K
-864K
-2.4M
-894K
-1.3M
-2M
-1.6M
-9.4M
-18.6M
(0.0)
(0.0)
(0.0)
(0.0)
-13.5M
-16.3M
-7.3M
-9K
-1.1M
0.0
-3.4M
0.0
-2.9M
-6.4M
-46.8M
60.5M
-373.8M
-23.7M
97.7M
-5.7M
-49.7M
45.7M
11.8M
39.9M
-68.3M
35.2M
147.3M
-28.3M
32.5M
60.5M
6.8M
-23.7M
CASH FLOW SUMMARY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-72.4M
0.0
0.0
0.0
153K
-3.4M
11M
4.2M
7.8M
-5.8M
-2.1M
-4.8M
-9.2M
-16.2M
-84.6M
88.8M
17.2M
-6.3M
28.6M
32M
21M
16.8M
9M
14.8M
16.9M
21.7M
30.9M
44.8M
144.3M
55.4M
38.2M
44.6M
28.7M
28.6M
32M
21M
16.8M
9M
14.8M
16.9M
21.7M
28.6M
59.7M
144.3M
55.4M
38.2M
-98.3M
-19.2M
66.6M
-32.4M
5.3M
-52.3M
74.4M
17.2M
33.3M
32M
-34.9M
27.6M
20.7M
20.2M

SEC Filings

BNED - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

March 16, 2026
March 10, 2026
2026
10-Q

10-Q 2026 Q1

Q1

March 10, 2026
January 31, 2026
2026
8-K

8-K 2026

N/A

March 10, 2026
March 10, 2026
2026
DEF 14A

DEF 14A 2026

N/A

February 03, 2026
March 10, 2026
2026
10-Q

10-Q 2025 Q4

Q4

January 20, 2026
November 01, 2025
2025
10-Q

10-Q 2025 Q3

Q3

January 20, 2026
August 02, 2025
2025
8-K

8-K 2026

N/A

January 20, 2026
January 20, 2026
2026
8-K

8-K 2025

N/A

December 23, 2025
December 23, 2025
2025
10-K

10-K 2025 FY

FY

December 23, 2025
May 03, 2025
2025
8-K

8-K 2025

N/A

November 25, 2025
November 24, 2025
2025
Showing 1 to 10 of 185 filings