EDUCATIONAL DEVELOPMENT CORP (EDUC) Form 10-Q — Oct 14, 2026
Educational Development Corp filed its Q2 fiscal 2027 10-Q showing net revenues fell 24.7% to $8.83 million for the six months ended August 31, 2026, with the net loss widening to $3.0 million from $2.4 million a year ago. The PaperPie direct-sales segment drove the decline, with revenues down 25.5% and average active Brand Partners down 23.5% to 5,200, which management attributes to inflationary pressure on its family customer base and prior lender-imposed purchasing restrictions.
Key figures
- Revenue
- 8826100
- Revenue Yoy
- -24.7% (six months: $8.83M vs $11.73M prior year)
- Total Assets
- 50659200
- Cash Position
- 1059300
- Shares Outstanding
- 8524964
- Impairment loss q2
- 113600
- Revolving credit line
- $2.0 million (Regent Bank, Prime + 2.00%, matures March 6, 2027)
- Usborne inventory owned
- 18976400
- Usborne rebate disputed
- $1.0 million
- Active brand partners avg
- 5,200 vs 6,800 prior year (-23.5%)
- Paperpie revenue six months
- 7348400
- Paperpie revenue decline pct
- -25.5%
- Operating cash flow six months
- 53900
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