EDUC on Nasdaq
EDUCATIONAL DEVELOPMENT CORP
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
59.4%Gross margin2
10.1%Net margin2
-33.0%Revenue growth, 20262
5.4%Return on equity2
0.00×Debt to equity2
$1.5MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 68% of the revenue EDUCATIONAL DEVELOPMENT CORP broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Product | $32.5M | $21.8M |
| Usborne Products | $12.3M | $9.1M |
| Transportation Revenue | $1.6M | $1.1M |
Business segments
Paper Pie brought in 84% of the revenue EDUCATIONAL DEVELOPMENT CORP broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2025 | 2026 |
|---|---|---|
| Paper Pie | $29.9M | $19.3M |
| Publishing | $4.3M | $3.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue41¢$9.3M
- Selling, general and admin15¢$3.5M
- Other costs14¢$3.3M
- Interest6¢$1.5M
- Income tax13¢$3.0M
- Profit10¢$2.3M
Out of $22.9M in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending27¢$542.8K
- Share buybacks7¢$137.9K
- Kept or used elsewhere66¢$1.3M
Out of $2.0M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 |
|---|---|---|
| NET REVENUES | $22.9M | $34.2M |
| COST OF GOODS SOLD | $9.3M | $13.2M |
| Gross margin | $13.6M | $21.0M |
| Operating and selling | $3.5M | $5.8M |
| Sales commissions | $6.4M | $10.1M |
| General and administrative | $10.9M | $12.0M |
| Total operating expenses | $20.8M | $27.8M |
| INTEREST EXPENSE | $1.5M | $2.2M |
| Gain from sale of assets - net | -$12.2M | $0 |
| Other - net | -$1.8M | -$2.1M |
| Total other income | -$14.0M | -$2.1M |
| EARNINGS (LOSS) BEFORE INCOME TAXES | $5.3M | -$6.9M |
| INCOME TAX EXPENSE (BENEFIT) | $3.0M | -$1.6M |
| NET EARNINGS (LOSS) | $2.3M | -$5.3M |
| Basic (in Dollars per share) | $0.27 | -$0.63 |
| Diluted (in Dollars per share) | $0.27 | -$0.63 |
| Basic (in Shares) | 8.6M shares | 8.3M shares |
| Diluted (in Shares) | 8.6M shares | 8.3M shares |
| Dividends per share (in Dollars per share) | $0.00 | $0.00 |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Cash and cash equivalents | $1.1M | $428.4K | |
| Restricted cash | $222.0K | $548.1K | |
| Accounts receivable, less allowance for credit losses of $109,600 (2026) and $112,300 (2025) | $861.3K | $2.1M | |
| Inventories - net | $17.4M | $29.1M | |
| Prepaid expenses and other assets | $374.6K | $768.1K | |
| Assets held for sale | $563.6K | $19.3M | |
| Total current assets | $20.6M | $52.2M | |
| INVENTORIES - net | $20.3M | $15.6M | |
| PROPERTY, PLANT AND EQUIPMENT - net | $6.3M | $6.4M | |
| DEFERRED INCOME TAX ASSET - net | $0 | $2.5M | |
| OPERATING LEASE RIGHT-OF-USE ASSETS | $6.7M | $1.1M | |
| OTHER ASSETS | $500.5K | $431.7K | |
| TOTAL ASSETS | $54.3M | $78.3M | |
| Accounts payable | $1.7M | $1.8M | |
| Line of credit | $0 | $4.2M | |
| Deferred revenues | $320.5K | $491.8K | |
| Operating lease liabilities, current | $1.4M | $697.0K | |
| Current maturities of long-term debt | $0 | $26.7M | |
| Accrued salaries and commissions | $218.6K | $313.7K | |
| Income taxes payable | $1.1M | $460.9K | |
| Other current liabilities | $1.4M | $2.5M | |
| Total current liabilities | $6.2M | $37.2M | |
| OPERATING LEASE LIABILITIES, noncurrent | $5.3M | $411.1K | |
| OTHER LONG-TERM LIABILITIES | $5.2K | $112.9K | |
| Total liabilities | $11.5M | $37.7M | |
| Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,702,080 shares; Outstanding 8,511,364 (2026) and 8,583,201 (2025) shares | $2.5M | $2.5M | |
| Capital in excess of par value | $13.8M | $13.8M | |
| Retained earnings | $39.6M | $37.3M | |
| Accumulated other comprehensive loss | $0 | -$15.4K | |
| Stockholders' Equity before Treasury Stock | $55.9M | $53.6M | |
| Less treasury stock, at cost | -$13.1M | -$13.1M | |
| Total shareholders equity | $42.8M | $40.6M | $45.5M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $54.3M | $78.3M | |
| Accounts receivable, less allowance for credit losses | $109.6K | $112.3K | |
| Common stock, shares issued (in Shares) | 12.7M shares | 12.7M shares | |
| Common stock, authorized shares (in Shares) | 16.0M shares | 16.0M shares | |
| Common stock, par value (in Dollars per share) | $0.20 | $0.20 | |
| Common stock, shares outstanding (in Shares) | 8.5M shares | 8.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Net earnings (loss) | $2.3M | -$5.3M |
| Depreciation and amortization | $1.4M | $1.7M |
| Deferred income taxes | $2.5M | -$1.1M |
| Provision for credit losses | $36.0K | $48.0K |
| Provision for inventory valuation allowance | $144.0K | $144.0K |
| Share-based compensation expense - net | $0 | $403.3K |
| Net loss (gain) on sale of assets | -$12.2M | $3.3K |
| Impairment loss on assets | $287.1K | $318.1K |
| Accounts receivable | $1.2M | -$237.1K |
| Inventories - net | $6.9M | $10.8M |
| Prepaid expenses and other assets | $297.8K | -$168.3K |
| Accounts payable | -$161.0K | -$2.1M |
| Accrued salaries and commissions and other liabilities | -$1.3M | -$918.4K |
| Deferred revenues | -$171.3K | -$91.7K |
| Income taxes payable/receivable | $685.9K | -$312.5K |
| Total adjustments | -$319.9K | $8.5M |
| Net cash provided by operating activities | $2.0M | $3.2M |
| Purchases of property, plant and equipment | -$542.8K | -$439.4K |
| Proceeds from sale of assets | $29.9M | $9.8K |
| Net cash provided by (used in) investing activities | $29.4M | -$429.6K |
| Payments on term debt | -$26.7M | -$1.8M |
| Cash paid to acquire treasury stock | -$137.9K | -$700 |
| Sales of treasury stock | $20.2K | $17.7K |
| Net payments under line of credit | -$4.2M | -$1.3M |
| Net cash used in financing activities | -$31.0M | -$3.1M |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $363.9K | -$300.9K |
| Cash paid for interest | $1.3M | $2.2M |
| Cash (received)/paid for income taxes - net of refunds | -$200.5K | -$274.3K |
| Fair value of the interest rate exchange agreement | $0 | -$39.8K |
| Leased assets obtained in exchange for operating lease liabilities | $6.3M | $282.8K |
| Inventory donations | $291.7K | $0 |
Recent filings
- Oct 14, 20268-K
- Oct 14, 202610-Q
- Sep 9, 20268-K
- Jul 14, 20268-K
- Jul 9, 20268-K
- Jul 9, 202610-Q
- Jun 16, 20268-K
- May 28, 2026DEFA14A
- May 28, 2026DEF 14A
- May 28, 2026ARS
- May 19, 20268-K
- May 19, 202610-K
- Apr 21, 20268-K
- Mar 11, 20268-K
- Jan 13, 202610-Q
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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