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Barnes & Noble Education (BNED) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 8, 2026
Barnes & Noble Education (BNED) reported revenue of $291M for the first quarter fiscal 2027 (Q1 FY27), +0.8% from a year earlier and +9% from the quarter before. Operating margin was -5.9%, net loss $12.9M (4.4% of revenue).
Barnes & Noble Education, Q1 FY27: revenue $291M (+0.8% year over year), operating margin -5.9%, net loss $12.9M, operating cash flow −$52.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $291M | +9% | +0.8% |
| Operating profit | −$17.3M | -503% | — |
| Net earnings | −$12.9M | -471% | — |
| Operating cash flow | −$52.9M | -165% | — |
What changed
Revenue was $290.6M in Q1 FY27, up 1% year over year and up 9% from the previous quarter.
Gross margin was 19.6%, up 0.4 points from Q1 FY26. Operating costs exceeded revenue by $17.3M, an operating margin of -5.9%. Operating expenses fell 5% while revenue rose 1%. The quarter ended with a net loss of $12.9M, after a profit of $3.5M the previous quarter.
Operating cash flow was −$52.9M. Non-cash charges added back $8.2M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $49.2M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$56.4M.
Questions
What was Barnes & Noble Education's revenue in the first quarter fiscal 2027?
Barnes & Noble Education (BNED) reported revenue of $291M for the first quarter fiscal 2027 (Q1 FY27), +0.8% from a year earlier and +9% from the quarter before.
Was Barnes & Noble Education profitable in the first quarter fiscal 2027?
Operating loss was $17.3M (-5.9% of revenue) and net loss $12.9M.