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Barnes & Noble Education (BNED) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 20, 2026
Barnes & Noble Education (BNED) reported revenue of $288M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and +2% from the quarter before. Operating margin was -8.0%, net loss $18.3M (6.3% of revenue).
Barnes & Noble Education, Q1 FY26: revenue $288M (+9% year over year), operating margin -8.0%, net loss $18.3M, operating cash flow −$67.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $288M | +2% | +9% |
| Operating profit | −$23.2M | — | — |
| Net earnings | −$18.3M | — | — |
| Operating cash flow | −$67.6M | -228% | — |
What changed
Revenue was $288.2M in Q1 FY26, up 9% year over year and up 2% from the previous quarter.
Gross margin was 19.2%, up 2.1 points from a year earlier. Operating costs exceeded revenue by $23.2M, an operating margin of -8.0%. Operating expenses fell 6% while revenue rose 9%. The quarter ended with a net loss of $18.3M, narrower than the previous quarter's $23.0M loss.
Operating cash flow was −$67.6M. Non-cash charges added back $9.2M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $61.1M. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$71.3M.
Questions
What was Barnes & Noble Education's revenue in the first quarter fiscal 2026?
Barnes & Noble Education (BNED) reported revenue of $288M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and +2% from the quarter before.
Was Barnes & Noble Education profitable in the first quarter fiscal 2026?
Operating loss was $23.2M (-8.0% of revenue) and net loss $18.3M.