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EDUC · 10-Q filed July 9, 2026

EDUC earnings analysis

What we found in EDUC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.

Our reading of the filing · Free to read, no account needed

Educational Development Corporation (EDUC) reported Q1 FY2027 results with revenues of $4.8 million, falling short of the estimated $7.1 million, and an EPS loss of -$0.16 against expectations of -$0.13. The performance is negatively impacted by a decline in active Brand Partners and rising operational costs. Management emphasized ongoing inflation as a substantial headwind.

What stood out

The parts that mattered.

Pulled out of the filing itself, with the figures the company reported.

Revenue Decline
Q1 FY2027 revenue at $4.8 million, down from $7.1 million in prior year.
Margin Shrinkage
Gross margin decreased to 59.2% from 58.2%, indicating some cost containment.
Free Cash Flow Improvement
Free cash flow improved to $564,300 from a prior loss of $0.15 million.
Reduced Interest Expense
Interest expense dropped to $0 due to reduced borrowings.
Decrease in Active Brand Partners
Average active Brand Partners reduced by 31.2% year-over-year to 5,300.
Operational Cash Flow Positive
Q1 FY2027 operational cash flow of $564,300 despite net loss.
What to watch

And the other side of it.

The offsets in the same document — the things a summary that only listed the good news would have left out.

Operational Losses Persist
Continued loss before income taxes reported at $(1.4) million.
Reliance on Brand Partners
Active Brand partners decreased by 2,400, affecting sales significantly.
Inflationary Pressures
Ongoing inflation expected to impact customer spending and recruitment.
The numbers

What they reported.

What the company itself reported, taken out of the document.

What survived to operating profit
Of every $100 of revenue Cost of sales $42 Operating expenses $80 Left as operating profit $-22
Percentages of revenue, taken from the filing. Drawn this way because it holds whatever scale the company reports in.
Earnings per share
$-0.16
Gross margin
58.2%
Operating margin
-21.5%
Segment
PaperPie
Segment
Publishing
Guidance

What they said about what is next.

No explicit guidance provided, management conveys ongoing challenges.

How we read the filing overall

The filing reads worse than the one before it.

One reading of one document. It is not advice, and it is not a forecast.
Earlier filings

What came before.

10-K · May 19, 2026
Educational Development Corporation (EDUC) reported a challenging fiscal 2026 with Q4 revenue of $4.2 million and a significant loss of $(0.37) EPS, reflecting a decline in performance compared to previous years. For…

This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.

Read the next one first.

We read every filing EDUC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.

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