Barnes & Noble Education Inc (BNED) Releases Q4 2025 Earnings: Revenue Up but Net Loss and Margin Pressure

By: Quiver EarningsTracker

Posted: 3 months, 1 week ago / Dec. 23, 2025 11:33 a.m. UTC

BNED

Barnes & Noble Education Inc (BNED) — Q4 2025 highlights

Revenue increased year‑over‑year, but profitability and gross margin pressures limited overall results.

Total revenues: $278.3 million (up 18.0% year‑over‑year).

Gross profit: $56.6 million (down 19.0% year‑over‑year).

Cost of sales: $221.7 million (up 33.5% year‑over‑year).

Profitability

Operations remained challenged with an operating loss and a wider net loss versus the prior year.

Operating result: loss of $22.6 million (operating result improved 33.1% year‑over‑year relative to prior period).

Net income attributable to common shareholders: loss of $23.2 million (worse by 15.2% year‑over‑year).

Diluted earnings per share: $1.81 per diluted share (change versus prior year shown in release).

Cash flow and balance sheet

Cash generation declined and the company showed a reduction in liabilities versus the prior year.

Cash from operating activities: $53.1 million (down 35.0% year‑over‑year).

Purchases of property, plant and equipment: $3.6 million (capital spending increased 37.7% year‑over‑year).

Cash and cash equivalents: $9.1 million (down 13.4% year‑over‑year).

Total liabilities: $518.1 million (down 37.9% year‑over‑year).

In summary, Barnes & Noble Education Inc (BNED) reported top‑line growth for Q4 2025 while facing margin compression and a net loss; cash flow from operations declined and the balance sheet shows a meaningful reduction in liabilities year‑over‑year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Barnes & Noble Education Inc Hedge Fund Activity

We have seen 47 institutional investors add shares of Barnes & Noble Education Inc stock to their portfolio, and 48 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. removed 984,162 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $9,792,411
JPMORGAN CHASE & CO removed 426,458 shares (-82.6%) from their portfolio in Q3 2025, for an estimated $4,243,257
CENTERBOOK PARTNERS LP removed 345,877 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,070,972
MORGAN STANLEY added 267,656 shares (+37.6%) to their portfolio in Q3 2025, for an estimated $2,663,177
MARSHALL WACE, LLP removed 261,655 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,603,467
CITADEL ADVISORS LLC removed 180,715 shares (-91.7%) from their portfolio in Q3 2025, for an estimated $1,798,114
BANK OF AMERICA CORP /DE/ added 144,175 shares (+142.9%) to their portfolio in Q3 2025, for an estimated $1,434,541

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.