Barnes & Noble Education

BNED

Market cap $309M

Barnes & Noble Education trades at under 4x EBITDA with 1.3x net-debt-to-EBITDA, positive net income, and 15-20% profit growth guidance. The First Day Complete program drives higher sales and gross profit, boasting 85% student participation at onboarded schools and strong institutional adoption. Despite significant dilution, accounting restatements, and regulatory headwinds, BNED delivered robust FY25 results: $1.6B sales (+2.7%), $60M EBITDA (+62%), and $94M net debt (down $92M).

Barnes & Noble College announced a new partnership with the University of California, Berkeley to manage retail, course material, and e-com at its stores

Fiscal 2025 Results Consistent with Preliminary Unaudited Ranges Disclosed November 25, 2025 BNC First Day Program Revenue Increases 25% in 2025; Fall 2025 First Day Complete Enrollment Grows 24% Company Reports Total Net Debt of $94 million at End of Fiscal 2025, a $92 million Decrease Year-Over-Year Reiterates Prior Fiscal 2026 Outlook FLORHAM PARK, N.J., Dec. 23, 2025 (GLOBE NEWSWIRE) -- Barnes & Noble Education, Inc. (NYSE: BNED) , (“Barnes & Noble Education,” “BNED,” “the Company,” “we,” “us,” “our”), a leading solutions provider for the education industry, today announced that it has filed its Annual Report on Form 10-K, the “Super 10-K”, detailing its restatement of prior results and financial results through the fiscal year ended May 3, 2025.

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors its investigation on behalf of Barnes & Noble Education, Inc. (“Barnes & Noble” or the “Company”) (NYSE:BNED) investors concerning the Company's and/or members of its senior management's possible violation of the federal securities laws or other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On July 18, 2025, Barnes & Noble disclosed that “[c]ertain information regardin.

On Tuesday, Barnes & Noble Education announced the completion of an audit committee investigation without further impact on the company's financial results; thus removing a longstanding overhang. However, the company is still working on required restatements. As a result, it will take more time for BNED to catch up on its regulatory filing obligations. The company also released selected preliminary financial results for FY2025 and H1/FY2026, with encouraging progress in terms of revenue growth and cash generation.

Company Announces the Conclusion and Findings of Internal Investigation Releases Preliminary FY2025 and First Half 2026 Results First Day Complete Enrollment for Fall 2025 Estimated to Grow 24%* Board of Directors Pleased with Revenue Growth & Strong Improvements in Operating Results and Balance Sheet FLORHAM PARK, N.J., Nov. 25, 2025 (GLOBE NEWSWIRE) -- Barnes & Noble Education, Inc. (NYSE: BNED) , (“Barnes & Noble Education,” “BNED,” “the Company,” “we,” “us,” “our”), a leading solutions provider for the education industry, today announced that it has completed the previously disclosed internal investigation and is providing preliminary, unaudited financial results for the fiscal year ended May 3, 2025, as well as preliminary, unaudited year-to-date financial results for the first six months of fiscal 2026.

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Haptics patent licensing and investment company Immersion Corporation holds a substantial equity stake in Barnes & Noble Education. Strong improvements in BNED's business have been masked by an audit committee investigation and resulting requirement to restate financial results. For my part, I expect the upcoming filing of BNED's Q1/FY2026 report to act as a strong catalyst for both Immersion's and Barnes & Noble Education's shares.

Barnes & Noble delayed its annual report amid a probe into $23M overstated receivables and weaknesses in journal entries; shares fell 21% on July 21, 2025.

BASKING RIDGE, N.J., Sept. 18, 2025 (GLOBE NEWSWIRE) -- Barnes & Noble College (BNC), a Barnes & Noble Education, Inc. (NYSE: BNED) company and leading solutions provider for higher education, today announced the launch of Room Service , a first-of-its-kind service designed to make shopping and moving-in easier and stress-free for college students and their families.