BBW on NYSE

Build-A-Bear Workshop

American retail company

Build-A-Bear Workshop, Inc. is an American retailer headquartered in St.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$529.8MRevenue, fiscal 20264
$52.2MNet income, fiscal 20264
1997Founded1

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  • TickerBBW on NYSE1
  • Industryretail1
  • HeadquartersSt. Louis1
  • Websitewww.buildabear.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address415 S. 18Th Street, Suite 200, St Louis, Mo 631035
  • Filer categoryAccelerated filer5
Build-A-Bear Workshop MOA
Photo: Tyler Vigen, CC BY 4.0, via Wikimedia Commons7

Build-A-Bear Workshop, Inc. is an American retailer headquartered in St. Louis, Missouri, that sells teddy bears, stuffed animals, and licensed character merchandise. Customers create and customize stuffed animals through an interactive process that allows them to select sounds, scents, clothing, and accessories for their chosen plush toy. Build-A-Bear Workshop is the largest chain to operate using this retail concept.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

55.8%Gross margin4
9.9%Net margin4
6.7%Revenue growth, 20264
33.7%Return on equity4
$39.5MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Retail brought in 91% of the revenue Build-A-Bear Workshop broke down this way in fiscal 2026.

  1. Retail$486.0M491%up 6% from 2025
  2. Commercial Product and Service$38.8M47%up 23% from 2025
  3. Gift card breakage$6.2M41%down 5% from 2025
  4. International Franchising$5.1M41%up 9% from 2025
Products and services by year
Products and services202420252026
Retail$456.2M$460.3M$486.0M
Commercial Product and Service$25.4M$31.4M$38.8M
Gift card breakage$6.3M$6.5M$6.2M
International Franchising$4.5M$4.7M$5.1M

Business segments

Direct to consumer brought in 92% of the revenue Build-A-Bear Workshop broke down this way in fiscal 2026.

  1. Direct to consumer$486.0M492%up 6% from 2025
  2. Commercial$38.8M47%up 23% from 2025
  3. International Franchising$5.1M41%up 9% from 2025
Business segments by year
Business segments202420252026
Direct to consumer$456.2M$460.3M$486.0M
Commercial$25.4M$31.4M$38.8M
International Franchising$4.5M$4.7M$5.1M

Regions

North America brought in 85% of the revenue Build-A-Bear Workshop broke down this way in fiscal 2026.

  1. North America$451.2M485%up 6% from 2025
  2. Europe$71.7M414%up 10% from 2025
  3. Other Geographic Region$6.9M41%up 15% from 2025
Regions by year
Regions202420252026
North America$426.2M$425.1M$451.2M
Europe$56.1M$65.2M$71.7M
Other Geographic Region$3.7M$6.0M$6.9M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue44¢$234.2M
  • Selling, general and admin43¢$229.2M
  • Income tax3¢$15.0M
  • Profit10¢$52.2M

Out of $529.8M in revenue.4

Where each dollar of operating cash went, fiscal 2026

  • Capital spending39¢$25.5M
  • Dividends paid18¢$11.5M
  • Share buybacks43¢$27.7M
  • Kept or used elsewhere0¢$239.0K

Out of $65.1M of cash from operations.4

Financial statements

Revenue891011124$529.8M in 2026+57% since 2019
0$200.0M$400.0M$600.0M2019: $336.6M$336.6M20192020: $338.5M$338.5M2020+1%2021: $255.3M$255.3M2021−25%2022: $411.5M$411.5M2022+61%2023: $467.9M$467.9M2023+14%2024: $486.1M$486.1M2024+4%2025: $496.4M$496.4M2025+2%2026: $529.8M$529.8M2026+7%
Gross profit891011124$295.6M in 2026+113% since 2019
0$100.0M$200.0M$300.0M2019: $138.8M$138.8M20192020: $153.6M$153.6M2020+11%2021: $97.4M$97.4M2021−37%2022: $218.0M$218.0M2022+124%2023: $245.9M$245.9M2023+13%2024: $264.4M$264.4M2024+8%2025: $272.5M$272.5M2025+3%2026: $295.6M$295.6M2026+8%
Net income891011124$52.2M in 2026
-$40.0M-$20.0M0$20.0M$40.0M$60.0M2019: -$17.9M-$17.9M20192020: $261.0K$261.0K20202021: -$23.0M-$23.0M20212022: $47.3M$47.3M20222023: $48.0M$48.0M2023+2%2024: $52.8M$52.8M2024+10%2025: $51.8M$51.8M2025−2%2026: $52.2M$52.2M2026+1%
Fiscal year20192020202120222023202420252026
Revenue$336.6M8$338.5M9$255.3M10$411.5M11$467.9M12$486.1M4$496.4M4$529.8M4
Cost of revenue$197.8M8$184.9M9$157.9M10$193.6M11$222.1M12$221.7M4$223.9M4$234.2M4
Gross profit$138.8M8$153.6M9$97.4M10$218.0M11$245.9M12$264.4M4$272.5M4$295.6M4
Selling, general and admin$157.2M8$152.0M9$117.6M10$167.2M11$183.9M12$199.0M4$206.2M4$229.2M4
Income tax-$574.0K8$1.3M9$2.8M10$3.4M11$13.9M12$13.5M4$15.4M4$15.0M4
Net income-$17.9M8$261.0K9-$23.0M10$47.3M11$48.0M12$52.8M4$51.8M4$52.2M4
Earnings per share-$1.238$0.029-$1.5410$3.0611$3.2112$3.684$3.814$4.004
Earnings per share (diluted)-$1.238$0.029-$1.5410$2.9311$3.1512$3.654$3.804$3.994

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The story

Founded by Maxine Clark in 1997.1

In the mid-1990s, Maxine Clark resigned as president of Payless ShoeSource and began developing concepts for interactive retail stores inspired by experiences she remembered from her childhood. After presenting several ideas to a group of children, the build-a-bear concept was selected. According to Clark, the children responded most positively to the idea, and stuffed animals offered a strong profit margin. Doll shops, later developed as Friends 2B Made, were also part of the original business plan.

Clark founded Build-A-Bear Workshop in 1997. That year she also explored acquiring Basic Brown Bears, a company that had operated in the do-it-yourself stuffed animal market since 1985. Build-A-Bear hired Adrienne Weiss Co. of Los Angeles to help develop the retail concept. Clark planned to expand the business into a national chain, targeting 100 stores within five years.

The company's first store opened at Saint Louis Galleria in Richmond Heights, Missouri. First-year sales exceeded projections, reaching approximately $377,600.

Expansion began quickly. Kansas City Equity Partners invested in the company, allowing a second store to open in Overland Park, Kansas in August 1998. Windsor Capital later invested $4.5 million, supporting additional store openings in the Chicago area. By the end of 1998, the chain had four locations and reported sales of $3.3 million.

In 1999, Walnut Capital Partners invested $5 million to support further expansion, bringing the chain to 14 stores. That same year, Build-A-Bear became involved in legal disputes with competitors Vermont Teddy Bear Co. and Basic Brown Bears over trademark, copyright, and business practice claims. The dispute with Basic Brown Bears was ultimately settled under a confidentiality agreement.

McDonald's Happy Meal Promotions

Build-A-Bear Workshop has partnered with McDonald's on multiple Happy Meal promotions. In 2006, McDonald's restaurants in the United States offered a collection of Build-A-Bear Workshop Happy Meal toys.

The promotion returned in 2007. Build-A-Bear Workshop stated that the program represented the second year of its Happy Meal and Mighty Kids Meal partnership with McDonald's. The 2007 promotion included eight mini stuffed animals distributed between August 3 and August 30, 2007.

Additional Build-A-Bear Workshop Happy Meal promotions were documented in 2013 and 2015.

Read the full text

Build-A-Bearville

In October 2007, Build-A-Bear Workshop launched Build-A-Bearville, a massively multiplayer online game developed in partnership with Frima Studio. The game allowed users to create characters, play games, explore virtual locations, participate in events, and interact with other players in a moderated online environment.

Some Build-A-Bear products included redeemable codes that unlocked virtual items and content within the game. However, purchasing products was not required to play, and users could access most features by creating a free account.

In January 2015, Build-A-Bear announced that Build-A-Bearville would close on March 31, 2015. Following its closure, the company launched the children's website Bearville Alive!, which featured web series content based on Build-A-Bear.

Walmart wholesale partnership

In March 2026, Build-A-Bear launched its first wholesale partnership with Walmart. The collaboration brought Build-A-Bear products to more than 1,500 Walmart stores and Walmart.com.

The initial product assortment included Mini Beans, Micro Mini Beans mystery packs, and the Build-A-Bear x Bluey collection developed in partnership with BBC Studios. Products were displayed in dedicated sections inspired by elements of the traditional Build-A-Bear experience. Mini Beans plush toys included birth certificate-inspired hang tags and the company's signature heart insert.

The partnership followed record fiscal 2025 results for the company, during which annual revenue exceeded $500 million for the first time.

Destination and specialty locations

Build-A-Bear Workshop has operated a variety of destination and specialty location in addition to its traditional retail stores.

From Wikipedia’s article on Build-A-Bear Workshop, shared under CC BY-SA 4.0.6

Leadership

Who has led Build-A-Bear Workshop, and when. Pick a name to see everywhere that person has worked.

200020052010201520202025

Products and brands

  • stuffed toy

Listed on Wikidata.1

In addition to stuffed animals, Build-A-Bear Workshop has sold a variety of accessories and related merchandise, referred to by the company as "Bearaphenalia". These products have included candy, greeting cards, jewelry, stationery, stickers, and T-shirts. Some stores also featured photo booths that could convert customer photographs into stickers.

For the video game Kinectimals: Now with Bears!, Build-A-Bear released four bears with scan tags: Champ Bear, Colorful Hearts Bear, Endless Hearts Teddy, and Peace & Hearts Bear.

In January 2024, the company's online-only "After Dark" collection received media attention for its adult-oriented themes, which Build-A-Bear marketed toward adult collectors and gift buyers.

Commentators have linked the collection to the broader "kidulting" trend, in which adults purchase products associated with childhood interests and nostalgia.

From Wikipedia’s article on Build-A-Bear Workshop, shared under CC BY-SA 4.0.6

Former names

  • BUILD A BEAR WORKSHOP INCAug 12, 2004 to Oct 8, 20205

Timeline

  1. Oct 28, 2004Went public Listed on NYSE1
  2. 1997Founded Founded1
  3. 1997New chief executive Maxine Clark becomes CEO1

Recent filings

  1. Oct 2, 2026SCHEDULE 13G
  2. Sep 10, 202610-Q
  3. Sep 9, 20268-K
  4. Aug 27, 20268-K
  5. Aug 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  6. Aug 24, 2026144
  7. Aug 14, 2026SCHEDULE 13G
  8. Aug 14, 2026SCHEDULE 13G/A
  9. Aug 13, 2026SCHEDULE 13G
  10. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  11. Jul 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  12. Jun 15, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  13. Jun 12, 20268-K
  14. Jun 12, 20268-K
  15. Jun 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2