---
title: "Educational Dev | 8-K: FY2026 Revenue: USD 22.91 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286959485.md"
datetime: "2026-05-19T20:02:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286959485.md)
  - [en](https://longbridge.com/en/news/286959485.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286959485.md)
---

# Educational Dev | 8-K: FY2026 Revenue: USD 22.91 M

Revenue: As of FY2026, the actual value is USD 22.91 M.

EPS: As of FY2026, the actual value is USD 0.27.

### Fiscal Year Summary (Ended February 28, 2026 vs. February 28, 2025)

#### Operational Metrics

-   **Average Active PaperPie Brand Partners**: Totaled 5,800 for the fiscal year ended February 28, 2026, compared to 12,300 in the prior fiscal year .

#### Operating Profit/Loss

-   **Earnings Before Income Taxes**: Totaled $5.3 million ($5,346,800) for the fiscal year ended February 28, 2026, compared to - $6,855,000 for the fiscal year ended February 28, 2025 . Excluding a gain on the building sale of $12.2 million, loss before income taxes was - $6.9 million .

#### Income Tax Expense

-   **Income Tax Expense**: Was $3.0 million ($3,021,600) for the fiscal year ended February 28, 2026, with an effective tax rate of 56.5% due to a one-time valuation allowance of $1.5 million, compared to - $1,591,400 for the fiscal year ended February 28, 2025 .

#### Net Income/Loss

-   **Net Earnings**: Totaled $2.3 million ($2,325,200) for the fiscal year ended February 28, 2026, compared to - $5,263,600 for the fiscal year ended February 28, 2025 .

### Fourth Quarter Summary (Ended February 28, 2026 vs. February 28, 2025)

#### Operational Metrics

-   **Average Active PaperPie Brand Partners**: Totaled 4,500 for the three months ended February 28, 2026, compared to 9,400 in the prior fiscal fourth quarter .

#### Operating Profit/Loss

-   **Loss Before Income Taxes**: Was - $2.1 million (- $2,096,400) for the three months ended February 28, 2026, compared to - $1,530,000 for the three months ended February 28, 2025 .

#### Income Tax Expense

-   **Income Tax Expense**: Was $1.0 million ($1,010,600) for the three months ended February 28, 2026, due to a one-time valuation allowance of $1.5 million, compared to - $184,500 for the three months ended February 28, 2025 .

#### Net Income/Loss

-   **Net Loss**: Totaled - $3.1 million (- $3,107,000) for the three months ended February 28, 2026, compared to - $1,345,500 for the three months ended February 28, 2025 .

### Other Key Financial and Operational Metrics

-   **Hilti Complex Sale**: Educational Development Corporation completed the sale of the Hilti Complex for $32.2 million during the third quarter of fiscal 2026 .
-   **Debt Reduction**: Bank borrowings totaling $30.9 million were completely paid off, resulting in the company being debt-free .
-   **Inventory Levels**: Reduced from $44.7 million to $37.7 million during fiscal 2026, generating $7.0 million of cash flows .
-   **Operating Expense Reductions**: A strategic restructuring of office and warehouse staff, including executive pay reductions and other expense reductions, is expected to result in over $1.2 million in savings to general and administrative expenses in fiscal 2027 .
-   **Line of Credit**: Educational Development Corporation announced a new $2.0 million Line of Credit with Regent Bank to provide additional working capital .

### Outlook

Educational Development Corporation expects cash flow from continued inventory reductions to bolster its financial position . The company anticipates over $1.2 million in general and administrative expense savings in fiscal 2027 due to strategic restructuring, which will support its purchasing plan and energize sales divisions . New titles have begun to be released in early fiscal 2027, with more planned for summer and fall .

### Related Stocks

- [EDUC.US](https://longbridge.com/en/quote/EDUC.US.md)

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