---
schema_version: "secwatch.filing_event.v1"
accession: "0001634117-24-000079"
form_type: "8-K"
ticker: "BNED"
cik: "0001634117"
company_name: "Barnes & Noble Education, Inc."
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:39:27.620822+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BNED Q1 FY2025 revenue $263.4M (-0.3% YoY); net loss $99.5M on debt extinguishment; adjusted EBITDA improves to $(20.7)M

## Summary
- Revenue $263.4M, down $0.7M YoY; BNC First Day programs revenue up 32% (+$19.6M).
- Net loss from continuing ops $(99.5)M includes $55.2M non-cash loss on extinguishment of debt from second lien conversion.
- Adjusted EBITDA improved to $(20.7)M from $(25.9)M, driven by $10.5M lower SG&A expenses.
- Targeting material FY2025 improvement in operating results; >$10M in cost savings initiatives underway.
- Completed $80M equity/refinancing and $325M new credit facility in June 2024; no formal guidance provided.

## SEC filing metadata
- accession: 0001634117-24-000079
- form_type: 8-K
- ticker: BNED
- cik: 0001634117
- company_name: Barnes & Noble Education, Inc.
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634117/000163411724000079/0001634117-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634117/000163411724000079/bned-20240910.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001634117-24-000079
- JSON: https://secwatch.observer/filing/0001634117-24-000079.json
- Plain text: https://secwatch.observer/filing/0001634117-24-000079.txt

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