EDC reports FY2026 revenue decline to $22.9M, achieves debt-free status after asset sale

Educational Development Corporation reported fiscal 2026 net revenues of $22.9 million versus $34.2 million prior year, with net earnings of $2.3 million after a $12.2 million building sale gain. The company eliminated $30.9 million in bank debt using sale proceeds and reduced inventory by $7.0 million, positioning itself for potential future growth despite ongoing operational challenges.