EDUCATIONAL DEVELOPMENT CORP EDUC

Industrials SIC 5190 - Wholesale-Miscellaneous Nondurable Goods NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Miscellaneous Nondurable Goods Merchant Wholesalers derived Nasdaq

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

Last close 1.02 2026-10-23
Market cap $8.7M 2026-05-31 share count
52-week range 0.98 - 1.73

Valuation FY2025 figures against the last close

P/S0.4x
P/E3.8x
P/FCF5.9x
EV/EBITDA—
Dividend yield—
Diluted EPS0.27

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • PaperPie
  • Publishing
Revenue by segment, 2 categories over 2 years. The same figures are in the table below. FY2025 PaperPie, FY2025: 19.3M (84.4%) 84% PaperPie Publishing, FY2025: 3.6M (15.6%) 16% Publishing FY2024 PaperPie, FY2024: 29.9M (87.3%) 87% Publishing, FY2024: 4.3M (12.7%) 13%
Segment FY2025FY2024
PaperPie $19.3M $29.9M
Publishing $3.6M $4.3M

As the company reported it, from the “BUSINESS SEGMENTS - Schedule of Information by Industry Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.27-0.630.07-0.311.031.510.680.820.640.70
EPS, diluted 0.27-0.630.07-0.310.981.500.680.810.640.70
Shares, diluted (wtd. avg.) 8.6M8.3M8.3M8.2M8.5M8.4M8.3M8.2M8.2M4.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 106.6M Gross profit, FY2016: 78M Net income, FY2016: 2.9M Revenue, FY2017: 112M Gross profit, FY2017: 76.2M Net income, FY2017: 5.2M Revenue, FY2018: 118.8M Gross profit, FY2018: 79.7M Net income, FY2018: 6.7M Revenue, FY2019: 113M Gross profit, FY2019: 76.1M Net income, FY2019: 5.6M Revenue, FY2020: 204.6M Gross profit, FY2020: 144.6M Net income, FY2020: 12.6M Revenue, FY2021: 142.2M Gross profit, FY2021: 97.9M Net income, FY2021: 8.3M Revenue, FY2022: 87.8M Gross profit, FY2022: 56.1M Net income, FY2022: -2.5M Revenue, FY2023: 51M Gross profit, FY2023: 33M Net income, FY2023: 546.4K Revenue, FY2024: 34.2M Gross profit, FY2024: 21M Net income, FY2024: -5.3M Revenue, FY2025: 22.9M Gross profit, FY2025: 13.6M Net income, FY2025: 2.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $106.6M $112.0M $118.8M $113.0M $204.6M $142.2M $87.8M $51.0M $34.2M $22.9M
Gross profit $78.0M $76.2M $79.7M $76.1M $144.6M $97.9M $56.1M $33.0M $21.0M $13.6M
Net income $2.9M $5.2M $6.7M $5.6M $12.6M $8.3M -$2.5M $546.4K -$5.3M $2.3M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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