Filing Flows › Build-A-Bear Workshop (BBW) › Q3 FY26
Build-A-Bear Workshop (BBW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 11, 2025
Build-A-Bear Workshop (BBW) reported revenue of $123M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -1% from the quarter before. Operating margin was 8.7%, net earnings $8.1M (6.6% of revenue).
Build-A-Bear Workshop, Q3 FY26: revenue $123M (+3% year over year), operating margin 8.7%, net earnings $8.1M, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | -1% | +3% |
| Gross profit | $65.8M | -8% | +2% |
| Operating profit | $10.7M | -30% | -18% |
| Net earnings | $8.1M | -34% | -18% |
| Operating cash flow | $8.2M | +96% | -46% |
| Free cash flow | $1.7M | +114% | -85% |
What changed
Revenue was $122.7M in Q3 FY26, up 3% year over year and down 1% from the previous quarter. Retail was the largest line at 92% of revenue. Retail added $2.8M year over year (up 3%), 85% of the total change.
Gross margin was 53.7%, down 0.5 points from a year earlier. Operating profit was $10.7M, a 8.7% margin (down 2.2 points year over year). Operating profit fell $2.4M even though revenue rose $3.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 3%. Net earnings were $8.1M, down 18% year over year. The effective tax rate was 24.3%.
Operating cash flow was $8.2M (down 46% year over year), 101% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $4.6M. Capital expenditures of $6.5M left free cash flow of $1.7M.
Questions
What was Build-A-Bear Workshop's revenue in the third quarter fiscal 2026?
Build-A-Bear Workshop (BBW) reported revenue of $123M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -1% from the quarter before.
Was Build-A-Bear Workshop profitable in the third quarter fiscal 2026?
Operating profit was $10.7M (8.7% of revenue) and net earnings $8.1M.