Educational Development Corporation (EDUC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5402 SOUTH 122ND EAST AVE TULSA, OK 74146 |
| State of Incorp. | DE |
| Fiscal Year End | February 28 |
| Industry (SIC) | 519 - Miscellaneous Non-durable Goods (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 2/28/2025 | 11/30/2024 MRQ | 2/29/2024 | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,289 | 845 | 689 | 361 | 1,812 | 2,999 | |||
| Cash and cash equivalent | 2,289 | 845 | 689 | 361 | 1,812 | 2,999 | |||
| Restricted cash and investments | 936 | 433 | |||||||
| Receivables | 2,175 | 1,937 | 2,907 | 3,639 | 3,347 | 3,189 | |||
| Inventory, net of allowances, customer advances and progress billings | 32,059 | 43,913 | 59,087 | 71,554 | 51,762 | 30,087 | |||
| Inventory | 32,059 | 43,913 | 59,087 | 71,554 | 51,762 | 30,087 | |||
| Asset, held-for-sale, not part of disposal group | 19,250 | 18,281 | |||||||
| Other undisclosed current assets | 843 | 631 | 869 | 961 | 1,219 | 951 | |||
| Total current assets: | 57,552 | 66,039 | 63,552 | 76,514 | 58,141 | 37,226 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 14,729 | 11,677 | 4,720 | 2,055 | 685 | 1,017 | |||
| Operating lease, right-of-use asset | 1,257 | 1,615 | |||||||
| Property, plant and equipment | 6,964 | 8,940 | 29,656 | 30,484 | 29,951 | 26,378 | |||
| Deferred income tax assets | 2,664 | 1,407 | 797 | 119 | |||||
| Other noncurrent assets | 437 | 428 | 1,212 | 762 | 74 | 82 | |||
| Total noncurrent assets: | 26,050 | 24,066 | 36,385 | 33,420 | 30,710 | 27,477 | |||
| TOTAL ASSETS: | 83,602 | 90,105 | 99,937 | 109,934 | 88,851 | 64,703 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,395 | 3,910 | 3,864 | 15,673 | 23,997 | 11,736 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 871 | 835 | 417 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 500 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 1,890 | 3,488 | 1,657 | ||
| Accounts payable | 2,333 | 3,910 | 3,864 | 12,412 | 19,674 | 9,661 | |||
| Accrued liabilities | 2,062 | ||||||||
| Deferred revenue | 1,378 | 584 | 603 | 682 | 1,914 | 385 | |||
| Debt | 1,800 | 1,800 | 34,895 | 2,542 | 534 | 1,027 | |||
| Other liabilities | 3,232 | 3,338 | 3,294 | 3,898 | 6,095 | 3,238 | |||
| Other undisclosed current liabilities | 5,004 | 7,383 | 11,463 | 17,466 | 5,376 | ||||
| Total current liabilities: | 15,809 | 17,015 | 54,118 | 40,260 | 37,915 | 16,387 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25,324 | 26,641 | 22,410 | 10,451 | 17,784 | ||||
| Long-term debt, excluding current maturities | 25,324 | 26,641 | 22,410 | 10,451 | 17,784 | ||||
| Liabilities, other than long-term debt | 662 | 999 | 587 | 499 | 224 | 1,139 | |||
| Deferred income tax liabilities | 90 | 993 | |||||||
| Other liabilities | 111 | 111 | 587 | 499 | 134 | 146 | |||
| Operating lease, liability | 551 | 888 | |||||||
| Total noncurrent liabilities: | 25,986 | 27,640 | 587 | 22,908 | 10,675 | 18,923 | |||
| Total liabilities: | 41,795 | 44,654 | 54,705 | 63,168 | 48,591 | 35,310 | |||
| Equity | |||||||||
| Equity, attributable to parent | 41,807 | 45,451 | 45,232 | 46,766 | 40,260 | 29,393 | |||
| Common stock | 2,540 | 2,540 | 2,540 | 2,540 | 2,482 | 2,482 | |||
| Treasury stock, value | (13,059) | (13,086) | (12,522) | (12,547) | (12,769) | (12,665) | |||
| Additional paid in capital | 13,699 | 13,405 | 13,193 | 12,247 | 10,864 | 9,844 | |||
| Accumulated other comprehensive income (loss) | (22) | 24 | |||||||
| Retained earnings | 38,649 | 42,567 | 42,020 | 44,525 | 39,683 | 29,732 | |||
| Total equity: | 41,807 | 45,451 | 45,232 | 46,766 | 40,260 | 29,393 | |||
| TOTAL LIABILITIES AND EQUITY: | 83,602 | 90,105 | 99,937 | 109,934 | 88,851 | 64,703 | |||
Income Statement (P&L) ($ in thousands)
| 2/28/2025 | 11/30/2024 TTM | 2/29/2024 | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,736 | 51,030 | 87,829 | 142,229 | 204,635 | 113,012 | ||
| Cost of revenue (Cost of Product and Service Sold) | (2,758) | (18,045) | (31,759) | (44,298) | (60,037) | (36,863) | ||
| Gross profit: | 2,979 | 32,985 | 56,070 | 97,931 | 144,598 | 76,149 | ||
| Operating expenses | (13,775) | (38,886) | (58,652) | (87,690) | (128,642) | (69,106) | ||
| Operating income (loss): | (10,796) | (5,901) | (2,582) | 10,241 | 15,956 | 7,043 | ||
| Nonoperating income (Other Nonoperating income) | 1,746 | 9,394 | ||||||
| Interest and debt expense | (1,242) | (2,759) | (2,172) | (916) | (561) | (888) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 9,394 | 1,836 | 1,597 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (898) | 735 | (4,754) | 9,325 | 17,231 | 7,752 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,873) | 1,327 | 1,911 | |||||
| Income (loss) from continuing operations before income taxes: | (3,771) | 735 | (3,427) | 11,236 | 17,231 | 7,752 | ||
| Income tax expense (benefit) | 985 | (188) | 922 | (2,929) | (4,607) | (2,107) | ||
| Income (loss) from continuing operations: | (2,787) | 546 | (2,505) | 8,307 | 12,624 | 5,645 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 8,307 | 12,624 | 5,645 | |
| Net income (loss) available to common stockholders, diluted: | (2,787) | 546 | (2,505) | 8,307 | 12,624 | 5,645 | ||
Comprehensive Income ($ in thousands)
| 2/28/2025 | 11/30/2024 TTM | 2/29/2024 | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,787) | 546 | (2,505) | 8,307 | 12,624 | 5,645 | ||
| Other comprehensive income (loss) | (46) | 24 | ||||||
| Other undisclosed comprehensive income | 24 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,808) | 571 | (2,505) | 8,307 | 12,624 | 5,645 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.