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Barnes & Noble Education cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$56.4M in Q1 FY27 · $48.8M over twelve months

Operating cash flow−$52.9M
Capital spending−$3.5M
Free cash flow−$56.4M
Cash conversion cycle108 days

Analysis

In Q1 FY27, Barnes & Noble Education generated −$52.9M of operating cash flow and spent $3.5M on capital projects, leaving free cash flow of −$56.4M.

Over the twelve months to Aug 1, 2026, operating cash flow was $64.8M; the largest uses were net borrowing (+) / repaid (−) ($46.5M), capital spending ($16.0M), other financing ($3.1M); the cash balance fell by $838K.

Operating cash flow was −$52.9M against net income of −$12.9M. The largest differences: payables +$72.0M, inventory −$67.9M, receivables −$60.2M.

Its cash conversion cycle was 108 days (receivables 46 + inventory 129 − payables 68).

Free cash flow

Barnes & Noble Education: free cash flow by quarterBarnes & Noble Education: free cash flow by quarter$44.4MQ2 FY25−$44.7MQ3 FY25$49.5MQ4 FY25−$71.3MQ1 FY26$61.9MQ2 FY26−$33.1MQ3 FY26$76.4MQ4 FY26−$56.4MQ1 FY27
Operating cash flow less capital spending.
Barnes & Noble Education: operating cash flow against capital spendingBarnes & Noble Education: operating cash flow against capital spendingOperating cash flowCapital spending$47.4M$3.1MQ2 FY25−$41.9M$2.8MQ3 FY25$52.6M$3.1MQ4 FY25−$67.6M$3.7MQ1 FY26$66.2M$4.3MQ2 FY26−$29.4M$3.7MQ3 FY26$80.8M$4.4MQ4 FY26−$52.9M$3.5MQ1 FY27
Latest (Q1 FY27): Operating cash flow −$52.9M, Capital spending $3.5M.

Capital allocation, year by year

Barnes & Noble Education: where the cash came from (up) and went (down), by fiscal yearBarnes & Noble Education: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY22: Operating cash flow $1.2MFY22: Net borrowing $48.1MFY22: Shares issued $15.3MFY22: Capital spending −$33.6MFY22: Buybacks −$2.4M$64.5MFY22FY23: Operating cash flow $91.7MFY23: Net borrowing −$41.5MFY23: Capital spending −$25.1MFY23: Buybacks −$864K$91.7MFY23FY24: Operating cash flow −$5.1MFY24: Net borrowing $10.8MFY24: Asset sales $78KFY24: Capital spending −$14.1MFY24: Buybacks −$176K$10.9MFY24FY25: Operating cash flow −$85.4MFY25: Net borrowing −$62.2MFY25: Shares issued $78.5MFY25: Asset sales $793KFY25: Capital spending −$12.9MFY25: Buybacks −$5K$79.2MFY25FY26: Operating cash flow $50.1MFY26: Net borrowing −$32.5MFY26: Capital spending −$16.2M$50.1MFY26
Over these 5 years operating cash flow totalled $52.4M; the largest uses were net borrowing ($136M) and capital spending ($102M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$7.8M
Debt$124M
Net debt$116M
Cash runway0 months

Barnes & Noble Education is burning cash: its operations consume cash, a free cash flow of −$226M a year at the current rate against $7.8M of cash and investments: a runway of about 0 months before any new financing.

Where the cash came from and went

Barnes & Noble Education: sources (+) and uses (−) of cash, Q1 FY27Barnes & Noble Education: sources (+) and uses (−) of cash, Q1 FY27Operating cash flow−$52.9MNet borrowing (+) / repaid (−)$52.5MCash drawn (+) / kept (−)$6.7MCapital spending−$3.5MDividends−$2.8M
Barnes & Noble Education: sources (+) and uses (−) of cash, TTM to Q1 FY27Barnes & Noble Education: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$64.8MNet borrowing (+) / repaid (−)−$46.5MCapital spending−$16.0MOther financing−$3.1MCash drawn (+) / kept (−)$838K

From profit to cash

Barnes & Noble Education: net income to operating cash flow, Q1 FY27Barnes & Noble Education: net income to operating cash flow, Q1 FY27Net income−$12.9MDepreciation & amortization$8.2MStock-based pay$1.1MReceivables−$60.2MInventory−$67.9MPayables$72.0MPrepaid and other assets−$9.1MOperating cash flow−$52.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY274612968108
Q4 FY2691157114134
Q3 FY2665727264
Q2 FY2634655147
Q1 FY264113775103
Q4 FY2577145105117
Q3 FY2559797464
Q2 FY2531685445

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27−$52.9M−$3.5M—−$2.8M$52.5M—$6.7M−$56.4M
Q4 FY26$80.8M−$4.4M——−$67.4M—−$9.8M$76.4M
Q3 FY26−$29.4M−$3.7M——$15.9M—$18.0M−$33.1M
Q2 FY26$66.2M−$4.3M——−$47.5M—−$14.0M$61.9M
Q1 FY26−$67.6M−$3.7M——$66.9M—$6.3M−$71.3M
Q4 FY25$52.6M−$3.1M−$1K—−$38.1M—−$12.0M$49.5M
Q3 FY25−$41.9M−$2.8M——−$36.3M$68.9M$12.2M−$44.7M
Q2 FY25$47.4M−$3.1M——−$44.4M−$35.4M−$7.7M$44.4M

Barnes & Noble Education: income statement and cash flow

Barnes & Noble Education, Q1 FY27: revenue $291M (+0.8% year over year), operating margin -5.9%. The chart follows the revenue to costs, profit and cash.

Barnes & Noble Education: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.