Consumer Cyclical · Specialty Retail
Price
$13.74
Market Cap
$471.2M
Employees
3,559
Beta
1.37
Avg Volume
282,183
CEO
Jonathan Shar
Business Description
Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions primarily in the United States. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com. In addition, it offers First Day and First Day Complete access programs; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle and wellness products, technology products, supplies, graduation products, and convenience items. Further, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to college bookstores. Additionally, it offers direct-to-student services. It operates physical college and university bookstores; virtual bookstores; True Spirit e apparel and spirit shop e-commerce websites; pop-up retail locations; customized cafés and stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Florham Park, New Jersey.
Business History
Price Overview
Last updated: Jun 27, 2026 9:01am (just now)$13.74
+0.31 (+2.31%)
Day Range
$13.56 – $14.75
52-Week Range
$5.90 – $14.75
50-Day MA
$10.49
200-Day MA
$9.25
Volume
1,376,930.00
Analyst Price Targets
Low
$16.00
Consensus
$17.25
High
$18.50
(5 analysts)
Share Structure
Outstanding
34,296,119.00
Float
8,959,483.00
Free Float
26.1%
Low free float
— 26.1% of shares trade freely, ~73.9% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (9.0M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-5.50
Stock Price: $13.74
EPS (Diluted): -2.50
EPS (Diluted): -2.50
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.00
Stock Price: $13.74
Total Equity: $272.19M
Shares: 26,298,984
Total Equity: $272.19M
Shares: 26,298,984
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
24.56
Market Cap: $471.23M
Total Debt: $103.10M
Cash: $9.06M
EBITDA: -$6.18M
Total Debt: $103.10M
Cash: $9.06M
EBITDA: -$6.18M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$546.5M
Market Cap: $471.23M
Total Debt: $103.10M
Cash: $9.06M
Total Debt: $103.10M
Cash: $9.06M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.17
Stock Price: $13.74
Revenue: $1.61B
Shares: 26,298,984
Revenue: $1.61B
Shares: 26,298,984
EV/Sales (Total value vs revenue — works when P/E can't)
API0.34
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
21.0%
Gross Profit: $337.80M
Revenue: $1.61B
Revenue: $1.61B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
1.0%
Operating Income: $15.92M
Revenue: $1.61B
Revenue: $1.61B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-4.1%
Net Income: -$65.83M
Revenue: $1.61B
Revenue: $1.61B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-3.6%
Net Income: -$65.83M
Total Equity: $272.19M
Total Equity: $272.19M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
8.8%
Operating Income: $15.92M
Tax Rate: -6.9%
Equity: $272.19M
Total Debt: $103.10M
Cash: $9.06M
Tax Rate: -6.9%
Equity: $272.19M
Total Debt: $103.10M
Cash: $9.06M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.67
Current Assets: $465.39M
Current Liabilities: $279.23M
Current Liabilities: $279.23M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.38
Short-Term Debt: $0.00
Long-Term Debt: $103.10M
Total Debt: $103.10M
Total Equity: $272.19M
Long-Term Debt: $103.10M
Total Debt: $103.10M
Total Equity: $272.19M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$61.23
Revenue: $1.61B
Shares: 26,298,984
Shares: 26,298,984
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$10.35
Total Equity: $272.19M
Shares: 26,298,984
Shares: 26,298,984
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-3.74
Operating CF: -$85.41M
CapEx: -$12.89M
Shares: 26,298,984
CapEx: -$12.89M
Shares: 26,298,984
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $13.74
Stock Price: $13.74
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$65.83M
Net Income: -$65.83M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BNED against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 26, 2026 1:21am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.5B | $1.6B | $1.6B |
| Cost of Revenue | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B |
| Gross Profit | $230.3M | $342.8M | $349.4M | $344.9M | $337.8M |
| Operating Expenses | $399.1M | $403.4M | $415.9M | $378.7M | $321.9M |
| Operating Income | -$168.8M | -$60.6M | -$66.4M | -$33.8M | $15.9M |
| Net Income | -$139.8M | -$68.9M | -$101.9M | -$75.7M | -$65.8M |
| EBITDA | -$122.8M | -$18.1M | -$26.9M | -$5.2M | -$6.2M |
| EPS | $-57.75 | $-28.99 | $-42.28 | $-23.47 | $-2.50 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 26, 2026 1:21am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $8.0M | $8.8M | $14.2M | $10.5M | $9.1M |
| Total Current Assets | $500.8M | $531.7M | $537.0M | $520.8M | $465.4M |
| Total Assets | $1.0B | $1.1B | $980.8M | $909.9M | $790.3M |
| Current Liabilities | $373.7M | $415.4M | $462.1M | $474.7M | $279.2M |
| Long-Term Debt | $127.6M | $185.7M | $182.2M | $196.3M | $103.1M |
| Total Liabilities | $738.1M | $843.2M | $850.0M | $829.5M | $518.1M |
| Total Equity | $293.0M | $228.4M | $130.8M | $80.4M | $272.2M |
| Retained Earnings | -$422.6M | -$491.5M | -$593.4M | -$646.7M | -$712.6M |
Cash Flow (Annual)
Last updated: Jun 26, 2026 1:21am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $32.9M | $1.2M | $91.7M | -$5.1M | -$85.4M |
| Capital Expenditure | -$27.6M | -$33.6M | -$25.1M | -$14.1M | -$12.9M |
| Free Cash Flow | $5.3M | -$32.4M | $66.6M | -$19.2M | -$98.3M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $-894,000 | -$2.4M | $-864,000 | $-176,000 | $-5,000 |
| Net Change in Cash | $7.8M | $4.2M | $11.0M | -$3.4M | $153,000 |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:01am (just now)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$1.6B $1.6B – $1.6B
|
$1.6B $1.6B – $1.6B
|
$1.7B $1.7B – $1.7B
|
$1.8B $1.8B – $1.8B
|
| EBITDA |
$120.4M $120.4M – $120.4M
|
$121.9M $121.9M – $121.9M
|
$134.7M $134.7M – $134.7M
|
$139.2M $139.2M – $139.2M
|
| Net Income |
-$201.9M -$201.9M – -$201.9M
|
-$48.4M -$48.4M – -$48.4M
|
$6.0M $6.0M – $6.0M
|
$20.9M $20.9M – $20.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 26, 2026 1:21am (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +6.3% | +3.2% | +1.6% | +2.7% |
| Gross Profit Growth | +48.8% | +1.9% | -1.3% | -2.1% |
| Operating Income Growth | +64.1% | -9.6% | +49.1% | +147.1% |
| Net Income Growth | +50.7% | -47.9% | +25.6% | +13.1% |
| EBITDA Growth | +85.3% | -48.4% | +80.6% | -18.7% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-13 | SHAR JONATHAN | S-Sale | 81.00 | $8.11 | $657 |
| 2026-03-13 | Snagusky Jason | S-Sale | 17.00 | $8.11 | $138 |
| 2026-03-11 | Warren Denise | A-Award | 23,867.00 | $0.00 | $0 |
| 2026-03-11 | Singer Eric | A-Award | 23,867.00 | $0.00 | $0 |
| 2026-03-11 | HOFFMAN EMILY | A-Award | 23,867.00 | $0.00 | $0 |
| 2026-03-11 | WALKER KATHRYN EBERLE | A-Award | 23,867.00 | $0.00 | $0 |
| 2026-03-11 | Madnani Sean V | A-Award | 23,867.00 | $0.00 | $0 |
| 2026-03-11 | MARTIN WILLIAM C | A-Award | 23,867.00 | $0.00 | $0 |
| 2025-03-13 | TORO 18 HOLDINGS LLC | P-Purchase | 142,898.00 | $8.60 | $1.2M |
| 2025-03-12 | TORO 18 HOLDINGS LLC | P-Purchase | 59,146.00 | $8.49 | $502,309 |
| 2025-03-12 | Neumann Christopher | A-Award | 80,000.00 | $0.00 | $0 |
| 2025-03-03 | Neumann Christopher | 0.00 | $0.00 | $0 | |
| 2025-03-12 | Luster Gary | A-Award | 30,000.00 | $0.00 | $0 |
| 2025-03-03 | Luster Gary | 0.00 | $0.00 | $0 | |
| 2025-02-21 | Snagusky Jason | A-Award | 60,000.00 | $0.00 | $0 |
| 2025-01-04 | Snagusky Jason | 0.00 | $0.00 | $0 | |
| 2024-12-16 | Lids Holdings, Inc. | S-Sale | 1,500,000.00 | $11.25 | $16.9M |
| 2024-09-20 | SHAR JONATHAN | A-Award | 360,000.00 | $0.00 | $0 |
| 2024-09-24 | SHAR JONATHAN | F-InKind | 83.00 | $9.51 | $790 |
| 2024-09-20 | Paul Seema | A-Award | 20,000.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 26, 2026 1:21am (1d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-16 | $0.08 | 2026-07-16 | 2026-07-30 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BNED — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30