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EDUCATIONAL DEVELOPMENT CORP

For the period ended Feb 28, 2026. Filed May 19, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed May 19, 2026

EDUC$0.89-9.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended February 28,2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission file number:000-04957

EDUCATIONAL DEVELOPMENT CORPORATION

(Exact name of registrant as specified in its charter)

Delaware73-0750007
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
5402 South 122nd East Avenue, Tulsa, Oklahoma74146
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code**(918)622-4522**

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, $.20 par valueEDUCNASDAQ
(Title of class)(Trading symbol)(Name of each exchange on which registered)

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒Smaller reporting company ☒
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.

☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).

☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐ No☒

The aggregate market value of the outstanding shares of common stock held by non-affiliates of the registrant at the price at which the common stock was last sold on August 31, 2025 on the NASDAQ Stock Market, LLC was $9,597,100.

As of May 14, 2026 there were 8,511,364 shares of common stock were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Proxy Statement for fiscal year 2026 relating to our Annual Meeting of Shareholders to be held on July 8, 2026, are incorporated by reference into Part III of this Report on Form 10-K.

TABLE OF CONTENTS

FORWARD-LOOKING STATEMENTS3
PART I
Item 1.Business4
Item 1A.Risk Factors5
Item 1B.Unresolved Staff Comments5
Item 1C.Cybersecurity5
Item 2.Properties7
Item 3.Legal Proceedings7
Item 4.Mine Safety Disclosures7
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities8
Item 6.[Reserved]8
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations8
Item 7A.Quantitative and Qualitative Disclosures About Market Risk17
Item 8.Financial Statements and Supplementary Data17
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure17
Item 9A.Controls and Procedures17
Item 9B.Other Information18
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections18
PART III
Item 10.Directors, Executive Officers and Corporate Governance19
Item 11.Executive Compensation19
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters19
Item 13.Certain Relationships and Related Transactions, and Director Independence19
Item 14.Principal Accounting Fees and Services19
PART IV
Item 15.Exhibits and Financial Statement Schedules20

PART I

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