Barnes & Noble Education, Inc.

For the period ended May 3, 2025. Filed Dec 23, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 23, 2025

BNED$13.18+4.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Index to Form 10-K

Page No.
Disclosure Regarding Forward-Looking Statements	3
Availability of Information	6
PART I
Item 1.	Business	7
Item 1A.	Risk Factors	19
Item 1B.	Unresolved Staff Comments	33
Item 1C.	Cybersecurity	33
Item 2.	Properties	34
Item 3.	Legal Proceedings	35
Item 4.	Mine Safety Disclosures	35
PART II
Item 5.	Market For Registrant’s Common Equity, Related Stockholder Matters And Issuer Purchases Of Equity Securities	36
Item 6.	[Reserved]	36
Item 7.	Management’s Discussion And Analysis Of Financial Condition And Results Of Operations	37
	Overview	37
	Results Of Operations	40
	Non-GAAP Measures	49
	Liquidity And Capital Resources	51
	Critical Accounting Policies And Estimates	55
Item 7A.	Quantitative And Qualitative Disclosures About Market Risk	55
Item 8.	Financial Statements And Supplementary Data	56
Item 9.	Changes In And Disagreements With Accountants On Accounting And Financial Disclosure	134
Item 9A.	Controls And Procedures	134
Item 9B.	Other Information	139
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	139
PART III
Item 10.	Directors, Executive Officers And Corporate Governance	139
Item 11.	Executive Compensation	146
Item 12.	Security Ownership Of Certain Beneficial Owners And Management And Related Stockholder Matters	156
Item 13.	Certain Relationships And Related Transactions, And Director Independence	157
Item 14.	Principal Accountant Fees And Services	159
PART IV
Item 15.	Exhibits, Financial Statement Schedules	159
	Signatures	163

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.