{"schema_version":"secwatch.filing_event.v1","accession":"0001634117-25-000025","form_type":"8-K","ticker":"BNED","cik":"0001634117","company_name":"Barnes & Noble Education, Inc.","filed_at":"2025-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.995579+00:00","generated_at":"2026-05-16T16:56:44.127667+00:00","sec_items":["2.02","4.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BNED completes investigation, posts FY25 revenue $1.6B, adjusted EBITDA $55-63M; H1 FY26 net income improves","bullets":["FY25 net loss $(68M)-(62M) vs prior $(78M)-(72M) restated; Adjusted EBITDA $55-63M vs $34-40M.","H1 FY26 revenue ~$933M (+7.8% YoY); net income $3M-$8M vs year-ago loss of $(65M)-(59M).","Investigation: terminated employee made unsupported journal entries reducing cost of sales; no other involvement found.","First Day Complete enrollment for fall 2025: 1.14M students, up 24%; 223 campus stores utilizing program.","Non-reliance on FY24/FY23 financials due to lease accounting errors; quarterly gross profit adjustments but no impact on total profitability."],"urls":{"canonical":"https://secwatch.observer/filing/0001634117-25-000025","json":"https://secwatch.observer/filing/0001634117-25-000025.json","markdown":"https://secwatch.observer/filing/0001634117-25-000025.md","text":"https://secwatch.observer/filing/0001634117-25-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1634117/000163411725000025/0001634117-25-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1634117/000163411725000025/bned-20251124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T16:56:44.127667+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}