Is Barnes & Noble Education, Inc. financially healthy?

Barnes & Noble Education, Inc. scores 8 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Barnes & Noble Education, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Barnes & Noble Education, Inc. (BNED)

NYSE · Common Stock · Retail-Miscellaneous Shopping Goods Stores

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

business of Barnes & Noble

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

8 / 9

PASSReturn on assets positiveROA 2.3%
PASSOperating cash flow positiveOCF 50M
PASSReturn on assets improving-8.3% → 2.3%
PASSCash flow exceeds earningsOCF 50M vs NI 17M
PASSLong-term debt ratio falling13.0% → 9.6% of assets
PASSCurrent ratio improving1.67 → 1.71
FAILNo share dilution26M → 35M shares
PASSGross margin improving21.0% → 21.4%
PASSAsset turnover improving2.04× → 2.32×

Altman Z-score

2.07grey

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 296.7%
Share count change: 31.6%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2024	$1.6B	−$63.2M	−$19.2M	22.8%	2,662,000
FY2024	—	—	—	—	—
FY2024	—	—	—	—	—
FY2025	—	—	—	—	—
FY2025	$1.6B	−$65.8M	−$98.3M	21.0%	26,298,984
FY2026	$1.7B

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of Barnes & Noble Education, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	495,899	+60,421	$6.2M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2025Q2: $0
2024Q2: $4,000
2023Q2: $98,000
2022Q2: $612,000
2021Q2: $1.2M
2020Q2: $342,000

Identity

CIK: 0001634117
LEI: 549300JQGDS5THBPED41
FIGI: BBG009CNQCW6
SIC: 5940 · Retail-Miscellaneous Shopping Goods Stores
Incorporated: DE
Headquarters: FLORHAM PARK, NJ

Ownership

Institutional: 92.6%
Institutions: 152
Insiders: 7.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Related companies

Companies filing in the same SEC industry group.

DICK'S SPORTING GOODS, INC.DKS SIGNET JEWELERS LTDSIG A.K.A. BRANDS HOLDING CORP.AKA AMAZON COM INCAMZN GigaCloud Technology IncGCT Old QVC Group, Inc.QVCAQ

Questions about Barnes & Noble Education, Inc.

Is Barnes & Noble Education, Inc. financially healthy?: Barnes & Noble Education, Inc. scores 8 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Barnes & Noble Education, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.