8-K
Educational Development Corp (EDUC)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 8, 2026 (January 8, 2026)
EDUCATIONAL DEVELOPMENT CORPORATION
(Exactname of registrant as specified in its charter)
| Delaware | 000-04957 | 73-0750007 |
|---|---|---|
| (State<br> or Other Jurisdiction <br><br>of Incorporation) | (Commission<br> File Number) | (I.R.S<br> Employer <br><br>Identification No.) |
5402 S 122nd E Avenue, Tulsa, Oklahoma 74146
(Addressof principal executive offices and Zip Code)
(918) 622-4522
(Registrant’stelephone number, including area code)
(Formername or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Common Stock, $.20 par value | EDUC | NASDAQ |
|---|---|---|
| (Title<br> of class) | (Trading<br> symbol) | (Name of<br> each exchange on which registered) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
The information disclosed in these Items 2.02, 7.01 and 9.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On January 8, 2026, Educational Development Corporation announced, via press release, fiscal 2026 third quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ITEM 7.01 REGULATION FD DISCLOSURE
On January 8, 2026, Educational Development Corporation announced, via press release, fiscal 2026 third quarter financial results. Educational Development Corporation’s fiscal 2026 earnings call will be held on Thursday, January 8, 2026, at 3:30 PM CT (4:30 PM ET). A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (d) | EXHIBITS |
|---|---|
| ExhibitNumber | Description |
| --- | --- |
| 99.1 | Press Release dated as of January 8, 2026 |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
1
SIGNATURE
Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Educational Development Corporation | |
|---|---|
| By: | /s/ Craig M. White |
| Craig M. White | |
| President and Chief Executive Officer | |
| Date: | January 8, 2026 |
2
EXHIBIT99.1
EDUCATIONAL DEVELOPMENT CORPORATION
ANNOUNCES FISCAL 2026 THIRD QUARTER AND YEAR TO DATE RESULTS
TULSA, OK, January 8, 2026—Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal third quarter ended November 30, 2025.
ThirdQuarter Summary Compared to the Prior Year Third Quarter
| ● | Net<br> revenues were $7.0 million compared to $11.1 million. |
|---|---|
| ● | Average<br> active PaperPie Brand Partners totaled 5,100 compared to 12,400. |
| ● | Earnings<br> (loss) before income taxes were $10.6 million, compared to $(1.1) million. Excluding the gain on the building sale of<br> $12.2 million, loss before income taxes were $(1.6) million. |
| ● | Net<br> earnings (loss) totaled $7.8 million, compared to $(0.8) million. |
| ● | Earnings<br> (loss) per share totaled $0.91 compared to $(0.10) on a fully diluted basis. |
Year-to-DateSummary Compared to the Prior Year
| ● | Net<br> revenues of $18.7 million, compared to $27.6 million. |
|---|---|
| ● | Average<br> active PaperPie Brand Partners totaled 6,200 compared to 13,300. |
| ● | Earnings<br> (loss) before income taxes of $7.4 million, compared to $(5.3) million. Excluding the gain on the building sale of $12.2<br> million, loss before income taxes were $(4.8) million. |
| ● | Net<br> earnings (loss) totaled $5.4 million, compared to $(3.9) million. |
| ● | Earnings<br> (loss) per share totaled $0.63 compared to $(0.47) on a fully diluted basis. |
Per Craig White, Chief Executive Officer, “During the third quarter we completed the strategic sale and lease back of the Company’s headquarters and distribution warehouse (the “Hilti Complex”) to 10Mark 10K Industrial, LLC. The agreed upon sale price of the Hilti Complex per the executed Contract totaled $32,200,000. This was a major accomplishment for the Company as the proceeds from the sale were utilized to pay off the Term Loans and Revolving Loan outstanding in the Credit Agreement with the Company’s Bank. At closing, EDC assigned the existing third-party tenant leases to the Buyer and executed separate Triple-Net Lease (the “Lease”) for its occupied space in the Hilti Complex. With no remaining principal and interest payments, offset by our new lease and rental income from past tenants, our annual cash flow generation will immediately improve by approximately $1.0 million. In addition, the sale helps us realign with our core goals of returning to cash flow positive, get back to purchasing new titles and content for our consultants, and ultimately focus on the growth of our PaperPie division. Lasty, we retained the 17-acre tract of excess land adjacent to the complex, valued at $2.0 million, further enhancing our balance sheet.”
“Operationally, during the third quarter, we reduced our overall inventory levels by $1.5 million and increased our cash position. At the end of the quarter, we had $3.4 million of cash on our balance sheet, which provides the liquidity necessary to take us into fiscal 2027. Subsequent to quarter end, we began a strategic and conservative purchase plan to bring in new titles which we expect will energize our sales force and allow us to execute our strategic growth plan. We are excited about where we are today and are glad to put the past several years of operating under bank restrictions behind us. I would like to thank our stakeholders for your ongoing support including our Brand Partners, Customers, Employees vendors and shareholders.”
EDUCATIONALDEVELOPMENT CORPORATION
CONDENSEDSTATEMENTS OF OPERATIONS (UNAUDITED)
| ThreeMonths Ended November 30, | NineMonths EndedNovember 30, | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |||||||
| NET REVENUES | $ | 7,007,800 | $ | 11,052,100 | $ | 18,735,300 | $ | 27,554,700 | ||
| EARNINGS (LOSS) BEFORE INCOME TAXES | 10,642,700 | (1,111,900 | ) | 7,443,200 | (5,325,000 | ) | ||||
| INCOME TAX (BENEFIT) | 2,840,600 | (276,200 | ) | 2,011,000 | (1,406,900 | ) | ||||
| NET INCOME (LOSS) | $ | 7,802,100 | $ | (835,700 | ) | $ | 5,432,200 | $ | (3,918,100 | ) |
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING | ||||||||||
| Basic | 8,576,197 | 8,273,402 | 8,580,866 | 8,270,797 | ||||||
| Diluted | 8,576,197 | 8,273,402 | 8,580,866 | 8,270,797 |
Fiscal2026 Third Quarter Earnings Call
Date: Thursday, January 08, 2026
Time: 3:30 PM CT (4:30 PM ET)
Dial-in number: (800) 717-1738
Conference ID: 60621
The conference call will be broadcast live and audio replays will be available following the event at www.edcpub.com/investors.
AboutEducational Development Corporation (EDC)
EDC began as a publishing company specializing in books for children. EDC is the owner and exclusive publisher of Kane Miller Books (“Kane Miller”); Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor of Usborne Publishing Limited (“Usborne”) children’s books. EDC-owned products are sold via 4,000 retail outlets and EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools and public libraries, in individual homes, as well as other in-person events and internet sales.
Contact:
Educational Development Corporation
Craig White, (918) 622-4522
CautionaryStatement for the Purpose of the “Safe Harbor” Provision of the Private Securities Litigation ReformAct of 1995.
The information discussed in this Press Release includes “forward-looking statements.” These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and we can give no assurance that such expectations or assumptions will be achieved. Known and unknown risks, uncertainties and other factors may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our success in recruiting and retaining new brand partners, our ability to locate and procure desired books, our ability to ship the volume of orders that are received without creating backlogs, our ability to obtain adequate financing for working capital and capital expenditures, economic and competitive conditions, regulatory changes and other uncertainties, cybersecurity threats and incidents, the COVID-19 pandemic, as well as those factors discussed in our Annual Report on Form 10-K for the year ended February 28, 2025, all of which are difficult to predict. In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph and elsewhere in our Annual Report on Form 10-K for the year ended February 28, 2025 and speak only as of the date of this Press Release. Other than as required under the securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.