EDUCATIONAL DEVELOPMENT CORP EDUC
publisher of Kane Miller children's books; Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based
toys and games. We are also the exclusive United States Multi-Level Marketing ("MLM") distributor of Usborne Publishing Limited
("Usborne") children's books. We are a corporation incorporated under the laws of the State of Delaware on August 23,
reflects "We believe that education is the catalyst for wonderment, kindness, and connection. Our vision is to empower the world
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.9M | $34.2M | $51.0M | $87.8M | $142.2M | $204.6M | $113.0M | $118.8M | $112.0M | $106.6M |
| Cost of revenue | $9.3M | $13.2M | $18.0M | $31.8M | $44.3M | $60.0M | $36.9M | $39.1M | $35.8M | $28.6M |
| Gross profit | $13.6M | $21.0M | $33.0M | $56.1M | $97.9M | $144.6M | $76.1M | $79.7M | $76.2M | $78.0M |
| SG&A | $3.5M | $5.8M | $8.8M | $15.8M | $23.0M | $36.1M | $18.6M | $18.6M | $17.7M | $23.1M |
| Total operating expenses | $20.8M | $27.8M | $38.9M | $58.7M | $87.7M | $128.6M | $69.1M | $71.2M | $68.8M | $74.1M |
| Interest expense | $1.5M | $2.2M | $2.8M | $2.2M | $916.4K | $561.0K | $888.1K | $931.3K | $1.1M | $1.0M |
| Pre-tax income | $5.3M | -$6.9M | $734.5K | -$3.4M | $11.2M | $17.2M | $7.8M | $9.2M | $7.8M | $4.6M |
| Income tax | $3.0M | $1.6M | $188.1K | $922.0K | $2.9M | $4.6M | $2.1M | $2.5M | $2.6M | $1.8M |
| Net income | $2.3M | -$5.3M | $546.4K | -$2.5M | $8.3M | $12.6M | $5.6M | $6.7M | $5.2M | $2.9M |
| EPS, basic | 0.27 | -0.63 | 0.07 | -0.31 | 1.03 | 1.51 | 0.68 | 0.82 | 0.64 | 0.70 |
| EPS, diluted | 0.27 | -0.63 | 0.07 | -0.31 | 0.98 | 1.50 | 0.68 | 0.81 | 0.64 | 0.70 |
| Shares, diluted (wtd. avg.) | $8.6M | $8.3M | $8.3M | $8.2M | $8.5M | $8.4M | $8.3M | $8.2M | $8.2M | $4.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.1M | $428.4K | $1.3M | $689.1K | $361.2K | $1.8M | $3.0M | $3.2M | $2.7M | $699.2K |
| Receivables | $861.3K | $2.1M | $1.9M | $2.9M | $3.6M | $3.3M | $3.0M | $3.3M | $2.9M | $2.9M |
| Inventory | $17.4M | $29.1M | $43.9M | $59.1M | $71.6M | $51.8M | $30.1M | $33.4M | $26.6M | $34.3M |
| Total current assets | $20.6M | $52.2M | $66.0M | $63.6M | $76.5M | $58.1M | $37.2M | $41.5M | $33.5M | $38.6M |
| Property, plant and equipment | $6.3M | $6.4M | $8.9M | $29.7M | $30.5M | $30.0M | $26.4M | $27.2M | $27.9M | $27.0M |
| Total assets | $54.3M | $78.3M | $90.1M | $99.9M | $109.9M | $88.9M | $64.7M | $69.3M | $61.8M | $66.0M |
| Accounts payable | $1.7M | $1.8M | $3.9M | $3.9M | $12.4M | $19.7M | $9.7M | $14.2M | $12.5M | $17.6M |
| Short-term debt | $0 | $26.7M | $1.8M | $34.9M | $2.5M | $533.5K | $1.0M | $945.9K | $945.9K | $898.5K |
| Total current liabilities | $6.2M | $37.2M | $17.0M | $54.1M | $40.3M | $37.9M | $16.4M | $23.5M | $21.4M | $30.1M |
| Long-term debt | $0 | $0 | $26.6M | $0 | $22.4M | $10.5M | $17.8M | $18.8M | $18.8M | $20.7M |
| Total liabilities | $11.5M | $37.7M | $44.7M | $54.7M | $63.2M | $48.6M | $35.3M | $43.3M | $41.4M | $50.8M |
| Retained earnings | $39.6M | $37.3M | $42.6M | $42.0M | $44.5M | $39.7M | $29.7M | $25.8M | $20.7M | $16.3M |
| Total equity | $42.8M | $40.6M | $45.5M | $45.2M | $46.8M | $40.3M | $29.4M | $25.9M | $20.4M | $15.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.0M | $3.2M | $8.8M | $58.5K | -$21.1M | $7.8M | $4.2M | $3.9M | $9.2M | -$1.6M |
| Depreciation and amortisation | $1.4M | $1.7M | $2.5M | $2.5M | $2.1M | $1.6M | $1.4M | $1.5M | $1.3M | $1.1M |
| Stock-based compensation | $0 | $403.3K | $212.0K | $907.8K | $1.0M | $938.6K | $665.1K | $401.8K | $0 | — |
| Capital expenditure | $542.8K | $439.4K | $821.8K | $1.6M | $3.7M | $4.1M | $638.8K | $1.4M | $1.4M | $2.5M |
| Investing cash flow | $29.4M | -$429.6K | $4.0M | -$1.8M | -$3.9M | -$4.1M | -$638.8K | -$1.4M | -$1.4M | -$2.5M |
| Financing cash flow | -$31.0M | -$3.1M | -$12.2M | $2.0M | $23.6M | -$4.9M | -$3.8M | -$2.1M | -$5.8M | $3.6M |
| Dividends paid | — | — | $0 | $870.7K | $3.4M | $2.3M | $1.7M | $1.2M | $0 | $1.5M |
| Buybacks | $137.9K | $700 | $563.9K | $0 | — | — | — | — | $98.4K | $200 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001185185-26-002148.
Others in SIC 5190
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CENT | CENTRAL GARDEN & PET CO | $2.56B | 16.4x | -2.2% |
| VSTS | Vestis Corp | $1.75B | — | -2.5% |
| NHTC | NATURAL HEALTH TRENDS CORP | $13.6M | — | -7.4% |
| HYFM | HYDROFARM HOLDINGS GROUP, INC. | $4.6M | — | -29.4% |