Filing Flows › Build-A-Bear Workshop (BBW) › Q2 FY26
Build-A-Bear Workshop (BBW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 11, 2025
Build-A-Bear Workshop (BBW) reported revenue of $124M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and -3% from the quarter before. Operating margin was 12.3%, net earnings $12.4M (10.0% of revenue).
Build-A-Bear Workshop, Q2 FY26: revenue $124M (+11% year over year), operating margin 12.3%, net earnings $12.4M, operating cash flow $4.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | -3% | +11% |
| Gross profit | $71.5M | -2% | +18% |
| Operating profit | $15.3M | -22% | +33% |
| Net earnings | $12.4M | -19% | +41% |
| Operating cash flow | $4.2M | -85% | +106% |
| Free cash flow | $793K | -97% | — |
What changed
Revenue was $124.2M in Q2 FY26, up 11% year over year and down 3% from the previous quarter. Retail was the largest line at 92% of revenue. Retail added $11.2M year over year (up 11%), 90% of the total change. International Franchising declined 6%.
Gross margin was 57.6%, up 3.4 points from a year earlier. Operating profit was $15.3M, a 12.3% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 10% margin then. Operating expenses grew 15% against revenue growth of 11%. Net earnings were $12.4M, up 41% year over year. The effective tax rate was 19.3%.
Operating cash flow was $4.2M (up 106% year over year), 34% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization. Working capital and other items used $11.8M. Capital expenditures of $3.4M left free cash flow of $793K.
Questions
What was Build-A-Bear Workshop's revenue in the second quarter fiscal 2026?
Build-A-Bear Workshop (BBW) reported revenue of $124M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and -3% from the quarter before.
Was Build-A-Bear Workshop profitable in the second quarter fiscal 2026?
Operating profit was $15.3M (12.3% of revenue) and net earnings $12.4M.