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Bassett Furniture Industries (BSET) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Sep 30, 2026 · Bassett Furniture Industries (BSET) Q3 FY26 earnings results →

Q3 FY26 Revenue up 3% year over year to $82.8M · 3¢ of every $1 of revenue kept as net profit · operating margin 3.4%

Bassett Furniture Industries made $82.8M in Q3 FY26 (+3% Y/Y): Bassett Custom Upholstery $50.8M, Bassett Custom Wood $10.6M, Bassett Casegoods $9.8M. Operating margin 3.4%, net earnings $2.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 30, 2026.

Revenue$82.8M
Year over year+3%
Operating margin3.4%
Net earnings$2.1M
Operating cash flow$6.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $82.8M in Q3 FY26, up 3% year over year and down 1% from the previous quarter. Bassett Custom Upholstery was the largest line at 61% of revenue. Bassett Custom Upholstery added $1.7M year over year (up 4%), 63% of the total change. Bassett Casegoods declined 5%.

Gross margin was 57.5%, up 1.3 points from Q3 FY25. Operating profit was $2.8M, a 3.4% margin (up 2.6 points year over year). Of the extra revenue versus Q3 FY25, 80% reached operating profit, above the 1% margin then. Operating expenses grew 1% against revenue growth of 3%. Net earnings were $2.1M, up 162% year over year. The effective tax rate was 27.2%.

Operating cash flow was $6.1M, 291% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $1.8M. Capital expenditures of $4.3M left free cash flow of $1.8M.

Quarterly history

Bassett Furniture Industries revenue by quarterBassett Furniture Industries revenue by quarter$84.3MQ4 FY24$84.3MQ2 FY25$80.1MQ3 FY25$88.7MQ4 FY25$80.3MQ1 FY26$83.8MQ2 FY26$82.8MQ3 FY26
Bassett Furniture Industries net earnings by quarterBassett Furniture Industries net earnings by quarter$3.2MQ4 FY24$1.9MQ2 FY25$801KQ3 FY25$1.5MQ4 FY25$1.1MQ1 FY26$2.0MQ2 FY26$2.1MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QSep 30, 2026$82.8M+3%3.4%$2.1M$6.1M
Q2 FY2610-QJul 1, 2026$83.8M-0.7%2.7%$2.0M$7.4M
Q1 FY2610-QApr 1, 2026$80.3M-2%1.4%$1.1M−$5.5M
Q4 FY2510-KFeb 5, 2026$88.7M+5%2.6%$1.5M$7.8M
Q3 FY2510-QOct 8, 2025$80.1M+6%0.7%$801K−$1.2M
Q2 FY2510-QJul 10, 2025$84.3M+1%3.0%$1.9M$7.0M
Q4 FY2410-KFeb 10, 2025$84.3M-11%1.1%$3.2M$6.4M

Charts

Bassett Furniture Industries: revenue growth, year over year and quarter over quarterBassett Furniture Industries: revenue growth, year over year and quarter over quarterY/YQ/Q-11%Q4 FY24+1%+0%Q2 FY25+6%-5%Q3 FY25+5%+11%Q4 FY25-2%-9%Q1 FY26-1%+4%Q2 FY26+3%-1%Q3 FY26
Latest (Q3 FY26): Y/Y +3%, Q/Q -1%.
Bassett Furniture Industries: where the cash came from (+) and went (−), TTM to Q3 FY26Bassett Furniture Industries: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$15.8MCapital spending−$7.7MDividends−$6.9MBuybacks−$1.4MOther investing$1.1MCash drawn (+) / kept (−)−$959KShares issued$351KNet borrowing (+) / repaid (−)−$228KTaxes on employees’ shares−$76K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Bassett Furniture Industries: profit against cash, quarter by quarterBassett Furniture Industries: profit against cash, quarter by quarterNet incomeOperating cash flow$3.2M$6.4MQ4 FY24$1.9M−$52KQ1 FY25$1.9M$7.0MQ2 FY25$801K−$1.2MQ3 FY25$1.5M$7.8MQ4 FY25$1.1M−$5.5MQ1 FY26$2.0M$7.4MQ2 FY26$2.1M$6.1MQ3 FY26
Latest (Q3 FY26): Net income $2.1M, Operating cash flow $6.1M.
Bassett Furniture Industries: diluted shares by fiscal yearBassett Furniture Industries: diluted shares by fiscal year10MFY2010MFY219MFY22
-5.7% since FY20: buybacks shrank the count.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Bassett Furniture Industries

Bassett is a leading retailer, manufacturer and marketer of branded home furnishings. Our products are sold primarily through a network of Company-owned and licensee-owned branded stores under the Bassett Home Furnishings (“BHF”) name, with additional distribution through other wholesale channels including multi-line furniture stores, many of which feature Bassett galleries or design centers. We also sell our products through our website at www.bassettfurniture.com. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 122-year history has instilled the principles of quality, value, and integrity in everything we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and meet the demands of a global economy.

In its own words, from its annual report, filed Feb 10, 2025.

Bassett Furniture Industries against its Wood Household Furniture, (No Upholstered) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +3%. Operating margin: 3.4% against the peers' median 3.4%.

CompanyQuarterRevenueY/YOp. margin
BSET Bassett Furniture IndustriesQ3 FY26$82.8M+3%3.4%
MBC MasterBrandQ3 2026$1.0B+48%1.0%
ETD Ethan Allen InteriorsQ4 FY26$147M-8%9.8%

Source: Bassett Furniture Industries 10-Q on SEC EDGAR · CIK 10329 · Wood Household Furniture, (No Upholstered)

13F: who owns BSET and who is buying

Largest holders of BSET (13F)Largest holders of BSET (13F)Dimensional Fund Advisors LP$11.9MAegis Financial$9.8MGamco Investors, Inc. et Al$9.6MVanguard Group$8.5MVanguard Capital Management LLC$6.4MAmeriprise Financial$6.1MRenaissance Technologies LLC$5.1MAcadian Asset Management LLC$4.5MGabelli Funds LLC$3.3MBlackRock$3.0M
Funds' net buying of BSET by quarter (13F)Funds' net buying of BSET by quarter (13F)$900K2024-09$619K2024-12$1.6M2025-03$6.5M2025-06−$656K2025-09$2.0M2025-12−$718K2026-03−$4.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BSET

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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