Barnes & Noble Education
Operates campus stores, course-material programs, and wholesale services for educational institutions.
Something off on this page? Send us feedback.
Profile
Operates campus stores and e-commerce sites while supplying course materials through BNC First Day programs. Its MBS capabilities extend the model into textbook wholesale and virtual-store services.
Operates campus stores and e-commerce sites alongside BNC First Day course-material programs arranged with educational institutions. First Day Complete expands that model through institutionally arranged access to required course materials.
MBS adds textbook wholesale, direct-to-student distribution, virtual bookstores, and bookstore systems to the campus-retail base. These capabilities combine with campus-facing retail operations.
The separately listed college successor to Barnes & Noble is controlled by Immersion Corporation following a recapitalization. Its operating model depends on campus relationships, course-material delivery for partner institutions, and the integration of retail, virtual-store, and wholesale infrastructure.
Company facts
Key statistics
Year to date +38.9% · Average volume (30d) 233.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 26, 2026 | Northland Securities | Target | $17 | $18.50 | ||
| Jun 26, 2026 | Needham | Upgrade | Hold | Buy | $4 | $16 |
| Jun 10, 2026 | Northland Securities | Target | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 9, 2026Q4 FY26 | $0.07 | $0.13 | +78.6% | $267.5M | $267.1M | −0.2% | +13.05% |
| Jul 6, 2026Q4 FY26 | −$0.16 | $0.11 | +165.6% | $295.5M | $267.5M | −9.5% | −0.87% |
| Jun 24, 2026Q4 FY26 | −$0.16 | $0.11 | +165.6% | $295.5M | $267.5M | −9.5% | +20.13% |
| Mar 10, 2026Q3 FY26 | — | $0.23 | — | — | $515.1M | — | +0.24% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $466.3M | $278.3M | $288.2M | $644.4M | $515.1M | $267.1M | |
| Gross profit | $96.4M | $56.6M | $55.4M | $129.8M | $88.7M | $84.9M | |
| Operating income | $22.9M | $28.5M | −$23.2M | $40.8M | $16.1M | $11.1M | |
| Net income | $7.1M | −$23.2M | −$18.3M | $25.0M | $6.7M | $3.5M | |
| Diluted EPS | $0.23 | −$0.68 | −$0.54 | $0.72 | $0.19 | $0.10 | |
| Gross margin | 20.7% | 20.3% | 19.2% | 20.1% | 17.2% | 31.8% | |
| Operating margin | 4.9% | 10.2% | -8.0% | 6.3% | 3.1% | 4.2% |
Fiscal years (4-quarter sums)FY22 $1.53B · FY23 $1.52B · FY24 $1.57B · FY25 $1.61B · FY26 $1.71B
Revenue by product · Q4 FY26
Balance sheet, May 2, 2026Cash & short-term investments $8.4M · Total debt $223.5M · Total assets $739.9M · Shareholders' equity $294.4M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 16, 2026 | Jul 16 | Jul 30 | $0.08 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 34.64M · Float 9.05M · 26.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Martin William C | 11.37M | 33.10% | 13D | Jul 8, 2026 |
| Immersion Corp | 11.21M | 32.35% | 13F | May 15, 2026 |
| Toro 18 Holdings LLC · director, 10 percent owner: | 11.21M | 32.35% | Form 4 | Mar 14, 2025 |
| Kanen Wealth Management LLC | 3.42M | 9.88% | 13F | May 18, 2026 |
| Springhouse Capital (U.S.), L.P. | 2.15M | 6.26% | 13G | Feb 24, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 17, 2026 | Jason Snagusky | officer: CFO | −5,000 | $12.64 |
| Jul 10, 2026 | Gary Luster | officer: SVP, Chief Accounting Officer | −1,066 | $11.61 |
| Jul 10, 2026 | Christopher Neumann | officer: EVP General Counsel, Secretary | −2,785 | $11.61 |
| Jul 10, 2026 | Jason Snagusky | officer: CFO | −2,237 | $11.61 |
| Jul 6, 2026 | Toro 18 Holdings LLC | director, 10 percent owner: | −17,000 | $11.06 |
Peers
- Amazon
Direct-to-student textbook and campus-merchandise marketplace
- McGraw Hill
Higher-education publisher with direct and inclusive-access delivery
- Pearson (ADR)
Higher-education publisher selling directly to students and institutions
- Chegg
Digital academic-services platform serving college students
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Barnes & Noble Education | $12.16 | +1.70% | $414.7M | 25.5 | 14.1 | 0.2 | — |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| McGraw Hill | $13.22 | 0.00% | $2.53B | 28.1 | 6.7 | 1.2 | +2.7% |
| Pearson (ADR) | $16.73 | 0.00% | $10.04B | 23.9 | — | 2.0 | — |
| Chegg | $0.8500 | +0.83% | $94.5M | — | — | 0.4 | −50.7% |
| Median | 23.9 | 17.6 | 1.6 | +2.7% |