)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Educational Development
Educational Development (EDUC) investor relations material
Educational Development Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary8 Jan, 2026
Executive summary
Net revenues for the quarter were $7.0 million, down from $11.1 million year-over-year, with net income of $7.8 million driven by a $12.2 million gain from the Hilti Complex sale.
The sale of the Hilti Complex eliminated all bank debt, removed operational restrictions, and improved annual cash flow by $1 million, positioning for future growth.
Launched Gathered Goods, a new in-house fundraising program with higher margins and digital reach, and implemented an AI task force for operational improvements.
Focused on rebuilding brand partner counts, refreshing marketing for Gen Z, and leveraging AI for operational efficiency.
Both PaperPie and Publishing segments experienced significant revenue declines due to lower sales volumes, fewer active brand partners, and ongoing economic pressures.
Financial highlights
Q3 net revenues were $7.0 million (down from $11.1 million year-over-year); average active brand partners fell to 5,100 from 12,400.
Q3 net earnings were $7.8 million (EPS $0.91) versus an $800,000 loss (EPS -$0.10) last year, driven by a $12.2 million gain from the building sale; excluding this, pre-tax loss was $1.6 million.
Year-to-date net revenues were $18.7 million, down from $27.6 million; net earnings $5.4 million (EPS $0.63) versus a $3.9 million loss (EPS -$0.47) last year.
Inventory reduced from $44.7 million to $39.1 million, generating $5.6 million in cash flow.
Ended the quarter with $3.4 million cash, $800,000 receivables, $2.0 million accounts payable, and zero bank debt.
Outlook and guidance
Expecting new product arrivals in late spring and early summer to energize sales and brand partners.
Management plans to continue reducing inventory and focus on rebuilding the PaperPie Brand Partner base to pre-pandemic levels.
Exploring new banking relationships, with plans to secure a credit line in the coming months.
Improved liquidity expected to support operations into fiscal 2027.
PaperPie partner decline reversal strategy
How will removed bank restrictions impact operations?
Beyond titles, how will new liquidity drive growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Educational Development earnings date
Q4 202621 May, 2026
Educational Development
Next Educational Development earnings date
Q4 202621 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Educational Development Corporation publishes and distributes educational books for children, primarily focusing on early childhood development, literacy, and learning resources. It operates through a direct sales division and supplies products to retail outlets and independent consultants. The company offers a wide selection of educational titles and related materials aimed at parents, schools, and libraries. The company is headquartered in Tulsa, Oklahoma, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage