$BBW

BUILD-A-BEAR WORKSHOP INC

CIK:0001113809|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Revenues:
Revenue	$ 115,291	$ 124,247	$ 240,561	$ 252,642
Costs and expenses:
Cost of merchandise sold	52,802	52,736	98,200	108,144
Consolidated gross profit	62,489	71,511	142,361	144,498
Selling, general and administrative expense	51,410	56,399	107,536	109,955
Interest income, net	(552)	(206)	(686)	(406)
Income before income taxes	11,631	15,318	35,511	34,949
Income tax expense	2,871	2,951	8,452	7,263
Net income	8,760	12,367	27,059	27,686
Foreign currency translation adjustment	(193)	(9)	(372)	1,250
Comprehensive income	$ 8,567	$ 12,358	$ 26,687	$ 28,936
Income per common share:
Basic (in dollars per share)	$ 0.71	$ 0.94	$ 2.16	$ 2.11
Diluted (in dollars per share)	$ 0.7	$ 0.94	$ 2.16	$ 2.11
Shares used in computing common per share amounts:
Basic (in shares)	12,420,379	13,111,615	12,502,383	13,095,958
Diluted (in shares)	12,431,533	13,139,470	12,526,722	13,142,443
Retail [Member]
Revenues:
Revenue	$ 106,544	$ 114,635	$ 220,010	$ 234,224
Costs and expenses:
Cost of merchandise sold	48,982	48,552	89,320	100,123
Commercial Product and Service [Member]
Revenues:
Revenue	8,086	8,629	19,034	16,251
Costs and expenses:
Cost of merchandise sold	3,383	3,419	7,802	6,433
International Franchising [Member]
Revenues:
Revenue	661	983	1,517	2,167
Costs and expenses:
Cost of merchandise sold	$ 437	$ 765	$ 1,078	$ 1,588

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 03, 2025	Aug. 02, 2025	Aug. 02, 2025
Cash flows provided by operating activities:
Net income	$ 8,760	$ 12,367	$ 27,059	$ 27,686	$ 27,686	$ 27,686
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,112	3,668	8,114			7,368
Share-based and performance-based stock compensation			(189)			1,172
Provision/adjustments for doubtful accounts			(44)			(27)
Gain on disposal of property and equipment			(17)			(17)
Net change in film costs and advances			(66)			0
Deferred taxes			165			(383)
Change in assets and liabilities:
Inventories, net			881			(11,240)
Receivables, net			5,066			2,928
Prepaid expenses and other assets			(1,730)			2,950
Accounts payable and accrued expenses			(9,813)			3,657
Operating leases			(399)			(481)
Gift cards and customer deposits			(1,482)			(1,513)
Deferred revenue			(1,399)			(83)
Net cash provided by operating activities			26,146			32,017
Cash flows used in investing activities:
Purchases of property and equipment			(15,421)			(6,328)
Net cash used in investing activities			(15,421)			(6,328)
Cash flows used in financing activities:
Purchases of common stock for employee equity awards, net of tax			(453)			(1,266)
Cash dividends paid on vested participating securities			(5,768)			(5,836)
Purchases of Company’s common stock			(17,153)			(7,323)
Net cash used in financing activities			(23,374)			(14,425)
Effect of exchange rates on cash			(102)			86
(Decrease)/Increase in cash, cash equivalents, and restricted cash			(12,751)			11,350
Cash, cash equivalents and restricted cash, beginning of period			26,755	$ 27,758		27,758
Cash, cash equivalents and restricted cash, end of period	14,004	39,108	14,004		39,108	39,108
Supplemental disclosure of cash flow information:
Cash and cash equivalents	13,601	38,707	13,601		38,707	38,707
Restricted cash from long-term deposits	403	401	403		401	401
Total cash, cash equivalents and restricted cash	$ 14,004	$ 39,108	14,004		$ 39,108	39,108
Net cash paid during the period for income taxes			$ 11,212			$ 4,697

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash, cash equivalents and restricted cash	$ 14,004	$ 26,755	$ 39,108
Inventories, net	81,130	82,203	81,758
Receivables, net	16,383	21,459	13,526
Prepaid expenses and other current assets	11,378	9,603	10,026
Total current assets	122,895	140,020	144,418
Operating lease right-of-use asset	119,760	121,129	100,950
Property and equipment, net	79,058	70,926	58,804
Deferred tax assets	7,180	7,370	8,045
Other assets, net	5,208	6,008	6,021
Total Assets	334,101	345,453	318,238
Current liabilities:
Accounts payable	16,017	15,318	16,659
Accrued expenses	14,731	26,104	19,110
Operating lease liability short term	28,138	28,651	26,996
Gift cards and customer deposits	13,789	15,289	14,343
Deferred revenue and other	3,925	5,264	3,964
Total current liabilities	76,600	90,626	81,072
Operating lease liability long term	97,373	98,647	80,365
Other long-term liabilities	1,131	1,152	1,406
Stockholders' equity:
Preferred stock, par value $0.01, Shares authorized: 15,000,000; No shares issued or outstanding at August 1, 2026, January 31, 2026 and August 2, 2025	0	0	0
Common stock, par value $0.01, Shares authorized: 50,000,000; Issued and outstanding: 12,467,170, 12,808,954, and 13,159,408 shares, respectively	126	128	132
Additional paid-in capital	59,113	60,821	61,701
Accumulated other comprehensive loss	(11,132)	(10,760)	(11,304)
Retained earnings	110,890	104,839	104,866
Total stockholders' equity	158,997	155,028	155,395
Total Liabilities and Stockholders' Equity	$ 334,101	$ 345,453	$ 318,238