Barnes & Noble Education swings to $16.9M profit, cuts debt 33%, initiates dividend

Filed July 9, 2026 · Period ending July 9, 2026 · ~1 min read

Key Changes

• high

  Net income of $16.9M in FY2026 vs. $65.8M loss prior year; Adjusted EBITDA up 28.8% to $76.5M from $59.4M, driven by revenue growth and expense discipline.

  Exhibit 99.1 verify on EDGAR →
• high

  First Day program revenue surged 28% to $760.1M; enrollment grew 31% to 1.25M students across 232 stores, reflecting accelerating institutional adoption.

  Exhibit 99.1 verify on EDGAR →
• high

  Total debt reduced $32.1M to $71.0M; net debt down 33% to $62.6M. Operating cash flow swung from $85.4M use to $50.1M source.

  Exhibit 99.2 view on EDGAR →