Quarterly ResultMay 19, 2026, 05:07 PM
EDUC Net Earnings $2.33M in FY26; Property Sale Generates $12.24M Gain
AI Summary
EDUCATIONAL DEVELOPMENT CORP reported net earnings of $2.33 million for fiscal year 2026, a significant improvement from a $5.26 million net loss in fiscal year 2025. This turnaround was primarily driven by a $12.24 million gain from the sale of its Hilti Complex property, which also enabled the company to pay off all outstanding debt. Despite the improved profitability, net revenues decreased by 33.0% to $22.91 million, impacted by declines in both the PaperPie and Publishing divisions.
Key Highlights
- EDUC reported FY26 net earnings of $2.33 million, up from a $5.26 million loss in FY25.
- Company sold Hilti Complex for $32.2 million, generating a $12.24 million gain.
- Proceeds from property sale paid off all outstanding Term and Revolving Loans.
- Net revenues decreased 33.0% to $22.91 million in FY26 from $34.19 million in FY25.
- PaperPie division net revenues fell 35.5% to $19.34 million.
- Average active Brand Partners in PaperPie decreased 52.8% to 5,800.
- Publishing division net revenues decreased 16.3% to $3.57 million.
- Cash flows from operations were positive $2.01 million in FY26.
Price Impact
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