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Barnes & Noble Education

BNED

Barnes & Noble Education is a leading contract operator of physical and virtual bookstores for higher education and K-12 institutions across the United States.

Market cap
$443.44M+46.8%
Revenue$1.7B+6.5%
Net income$16.9M+126%
Free cash flow$33.9M+109%
EPS (diluted)$0.47+108%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 3, 2026 (In 3 weeks)
Revenue estimate$306.7M
EPS estimate-$0.48

Financials

Q4 2026

Income statement

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Revenue$267.1M-5.2%
Gross profit$84.9M+20.2%
Operating income$4.3M
Net income$3.5M+115%
EPS (diluted)$0.10+115%

Balance sheet

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Cash & equivalents$8.4M-7.1%
Total debt$223.5M-21.1%
Total equity$294.4M+8.2%
Total assets$739.9M-6.4%

Cash flow

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Operating cash flow$80.8M
CapEx$4.4M+42.2%
Free cash flow$76.4M

Valuation & ratios

Valuation

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Market cap$443.44M+46.8%
Enterprise value$658.52M+15.5%
P/E26.3×
P/S0.3×+0.1×

Profitability

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Gross margin21.4%+0.4pp
Operating margin2.1%
Net margin1%+0.5pp
FCF margin2%

Returns & leverage

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Return on equity6%+3.2pp
Debt / equity0.8×-0.3×
Current ratio1.7×0.0×

Segments

By product

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Course Materials Product$154.2M-5.9%
General Merchandise Product$55.6M+4.5%
Service and Other Revenue$10.4M-35.1%

By segment

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Reportable Segment$267.1M-5.2%

Competitors

Profile

Barnes & Noble Education is a leading contract operator of physical and virtual bookstores for higher education and K-12 institutions across the United States. The company provides a dynamic omnichannel retail environment, offering essential educational content, digital course materials, and general merchandise. Its core value proposition centers on improving student outcomes through affordable access programs and leveraging deep institutional relationships to manage campus retail operations.

Competitive position

One of the largest contract operators of campus bookstores and textbook wholesalers in the United States, utilizing a large physical footprint and proprietary affordable access programs.

GeographiesUnited States
Customer segmentsHigher education institutions, K-12 schools, College students
Business modelB2B2C, Contract-based services, Omnichannel retail, Wholesale distribution
SuppliersPublishers, Apparel and merchandise manufacturers, Digital content providers
CustomersCollege and university students, Academic faculty, Educational institutions
Listed2015
Employees3.8K
CEOJonathan Shar
Websitebned.com
FilingsSEC EDGAR

FAQ

What is Barnes & Noble Education's market cap?
Barnes & Noble Education (BNED) has a market capitalization of $443.4M and trades on NYSE.
What is Barnes & Noble Education's revenue and profitability?
Barnes & Noble Education generated $1.7B in trailing twelve-month revenue with net income of $16.9M, representing a net margin of 1.0%. Gross margin stands at 21.4%, with free cash flow of $33.9M. These figures are based on the Q2 2026 filing.
Who are Barnes & Noble Education's competitors?
Barnes & Noble Education's key competitors include Amazon.com, Inc., Chegg, Inc., Immersion Corp, and others. These companies compete in similar markets and product categories.
Who does Barnes & Noble Education partner with?
Barnes & Noble Education's notable partners include Fanatics Retail Group Fulfillment, LLC, Fanatics Lids College, Inc., Immersion Corporation, and others.
What subsidiaries does Barnes & Noble Education have?
Barnes & Noble Education's subsidiaries include Barnes & Noble College Booksellers, LLC, MBS Textbook Exchange, LLC.
Where is Barnes & Noble Education headquartered?
Barnes & Noble Education is headquartered in United States of America and employs approximately 3,750 people. It has been publicly traded since 2015.