---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-000075"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2026-01-08T23:59:59+00:00"
generated_at: "2026-05-16T11:16:22.104739+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-26-000075
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2026-01-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518526000075/0001185185-26-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518526000075/educ8k010826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-000075
- JSON: https://secwatch.observer/filing/0001185185-26-000075.json
- Plain text: https://secwatch.observer/filing/0001185185-26-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.