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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
$460.6M+14.9%
Revenue$1.7B+10.6%
Net income-$9.6M+88.6%
Free cash flow-$296.6M-221%
EPS (diluted)-$0.31+98.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 1, 2026 (In 4 days)

Financials

Q3 2026

Income statement

See full
Revenue$515.1M+11.3%
Gross profit$96.1M+2.5%
Operating income$14.6M-22.7%
Net income$6.7M-62.9%
EPS (diluted)$0.19-67.8%

Balance sheet

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Cash & equivalents$10.1M-39.4%
Total debt$316.0M-13.2%
Total equity$290.0M-1.0%
Total assets$1.1B+3.4%

Cash flow

See full
Operating cash flow-$29.4M+29.9%
CapEx$3.7M+34.6%
Free cash flow-$33.1M+25.9%

Valuation & ratios

Valuation

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Market cap$460.6M+14.9%
Enterprise value$766.47M+17.5%
P/S0.3×0.0×

Profitability

See full
Gross margin20.3%-0.3pp
Net margin-0.6%-0.3pp

Returns & leverage

See full
Return on equity-3.3%-1.6pp
Debt / equity1.1×-0.2×
Current ratio1.4×0.0×

Segments

By product

See full
Course Materials Product$357.8M+17.6%
General Merchandise Product$95.1M-2.2%
Service and Other Revenue$18.9M+4.6%

Competitors

By market cap

Amazon logo
Amazon
$2.44T
Barnes & Noble Education logo
Barnes & Noble Education
$460.6M
Chegg logo
Chegg
$117.6M

By revenue growth

Amazon logo
Amazon
+14.2%
Barnes & Noble Education logo
Barnes & Noble Education
+10.6%

By net margin

Amazon logo
Amazon
10.65%
Barnes & Noble Education logo
Barnes & Noble Education
-0.556%

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

Questions, answered.

What is Barnes & Noble Education's market cap?
Barnes & Noble Education (BNED) has a market capitalization of $460.6M 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 a net loss of $9.6M, representing a net margin of -0.6%. Gross margin stands at 20.3%, with free cash flow of -$296.6M. These figures are based on the Q1 2026 filing.
Who are Barnes & Noble Education's competitors?
Barnes & Noble Education's key competitors include Amazon.com, Inc., Chegg, Inc.. 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.