EDC Q3 revenue $7.0M, net income $7.8M includes $12.2M building sale gain; cash $3.4M

EDUCATIONAL DEVELOPMENT CORP

2026-Q3 EPS reported $0.63 revenue$18,735,300

Net revenues fell 37% YoY to $7.0M; avg. active PaperPie Brand Partners dropped to 5,100 from 12,400.
GAAP net income $7.8M ($0.91 diluted EPS) vs. $(0.8M) loss; excluding $12.2M building-sale gain, pretax loss $(1.6)M.
Sold HQ/distribution center Hilti Complex for $32.2M; proceeds used to pay off all bank term and revolving loans.
Sale-leaseback and assigned tenant leases to buyer; expects annual cash flow improvement ~$1.0M from eliminated debt service.
Quarter-end cash $3.4M; lowered inventory by $1.5M; launched strategic title purchase plan post-quarter.

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