[10-K] EDUCATIONAL DEVELOPMENT CORP Files Annual Report
Educational Development Corporation (EDUC) has filed its annual report (10-K), revealing fiscal 2026 results marked by reduced sales but a return to profitability. This turnaround was primarily driven by the $32.2 million sale of its Tulsa "Hilti Complex," generating a $12.2 million gain and allowing the company to repay $26.7 million in term loans and a $4.2 million line of credit. While net revenues declined significantly to $22.9 million from $34.2 million due to weaker demand in both its PaperPie direct-selling and Publishing divisions, the company achieved net earnings of $2.3 million compared to a $5.3 million loss in the previous year.
https://www.stocktitan.net/sec-filings/EDUC/10-k-educational-development-corp-files-annual-report-b4dc7064a2dc.html