---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-001926"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2026-05-19T20:00:40+00:00"
generated_at: "2026-05-19T20:01:27.696200+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EDC fiscal Q4 net loss $3.1M; full-year net income $2.3M after $12.2M building sale gain

## Summary
- Net revenues FY2026 $22.9M vs $34.2M prior year; Q4 revenues $4.2M vs $6.6M.
- Average active PaperPie Brand Partners fell to 5,800 from 12,300 (FY); Q4 4,500 vs 9,400.
- FY net income $2.3M includes $12.2M building sale gain; operating loss without gain was $6.9M.
- Company now debt-free after repaying $30.9M bank debt; secured new $2.0M line of credit from Regent Bank.
- Restructuring & cost cuts expected to save >$1.2M in G&A in FY2027; inventory reduced $7.0M to $37.7M.

## SEC filing metadata
- accession: 0001185185-26-001926
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2026-05-19T20:00:40+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518526001926/0001185185-26-001926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518526001926/educ8k051826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-001926
- JSON: https://secwatch.observer/filing/0001185185-26-001926.json
- Plain text: https://secwatch.observer/filing/0001185185-26-001926.txt

## Key facts
- Earnings Releases
  EDUCATIONAL DEVELOPMENT CORP reported fiscal year ended February 28, 2026 results: revenue $22,913,600, net income $2,325,200, EPS $0.27.
  - Period: fiscal year ended February 28, 2026
  - Revenue: $22,913,600
  - Net income: $2,325,200
  - EPS: $0.27
  - Result: reported results
  source text: Fiscal Year Summary Compared to the Prior Year ● Net revenues of $22.9 million compared to $34.2 million. ● Average active PaperPie Brand Partners totaled 5,800 compared to 12,300. ● Earnings before income taxes totaled $5.3 million. Excluding the gain on the building sale of $12.2 million, loss before income taxes were $(6.9) million. ● Income tax expense was $3.0 million, with an effective tax of 56.5%, due to a one-time valuation allowance of $1.5 million. ● Net earnings totaled $2.3 million. ● Earnings (loss) per share totaled $0.27, compared to a loss of $(0.63), on a fully diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518526001926/0001185185-26-001926-index.htm
- Earnings Releases
  EDUCATIONAL DEVELOPMENT CORP reported fiscal fourth quarter ended February 28, 2026 results: revenue $4,178,300, net income $(3,107,000), EPS $(0.37).
  - Period: fiscal fourth quarter ended February 28, 2026
  - Revenue: $4,178,300
  - Net income: $(3,107,000)
  - EPS: $(0.37)
  - Result: reported results
  source text: CORPORATION CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended February 28, Twelve Months Ended February 28, 2026 2025 2026 2025 NET REVENUES $ 4,178,300 $ 6,636,300 $ 22,913,600 $ 34,191,000 EARNINGS (LOSS) BEFORE INCOME TAXES (2,096,400 ) (1,530,000 ) 5,346,800 (6,855,000 ) INCOME TAXES 1,010,600 (184,500 ) 3,021,600 (1,591,400 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518526001926/0001185185-26-001926-index.htm

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