Barnes & Noble Education, Inc.
For the period ended May 3, 2025. Filed Dec 23, 2025.
View on SEC.govAbout 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.
FY2025 · Filed Dec 23, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
Facilities
We lease various office space in New Jersey, Missouri, and India and we lease warehouse space in Missouri.
For our physical campus retail operations, we typically have the exclusive right to operate the official physical school bookstore on college campuses through multi-year management operating agreements with our schools. In turn, we pay the school a percentage of store sales and, in some cases, a minimum fixed guarantee. These contracts with colleges and universities are typically five years with renewal options, but can range from one to 17 years, and are typically cancellable by either party without penalty upon advance notice ranging from 90 to 180 days depending on the contract.
As of May 3, 2025, these contracts for the 653 physical stores that we operate expire as follows:
| Contract Terms to Expire During (12 months ending on or about April 30) | Number of Physical Campus Stores |
|---|---|
| 2026 | 94 |
| 2027 | 86 |
| 2028 | 54 |
| 2029 | 39 |
| 2030 | 245 |
| 2031 and later | 135 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.