Form 8-K

8-K — EDUCATIONAL DEVELOPMENT CORP

Accession: 0001185185-26-004750

Filed: 2026-10-14

Period: 2026-10-14

CIK: 0000031667

SIC: 5190 (WHOLESALE-MISCELLANEOUS NONDURABLE GOODS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — educ8k101426.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (educex99-1.htm)

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): October 14, 2026 (October 14, 2026)

EDUCATIONAL DEVELOPMENT CORPORATION

(Exact

name of registrant as specified in its charter)

Delaware

000-04957

73-0750007

(State

or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S

Employer

Identification No.)

5402 S 122nd E Avenue, Tulsa, Oklahoma 74146

(Address

of principal executive offices and Zip Code)

(918) 622-4522

(Registrant’s

telephone number, including area code)

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

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

Common Stock, $.20 par value

EDUC

NASDAQ

(Title

of class)

(Trading

symbol)

(Name of

each exchange on which registered)

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

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. ☐

The information disclosed in these Items 2.02,

7.01 and 9.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18

of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor

shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as

expressly set forth by specific reference in such filing.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 14, 2026, Educational Development Corporation

announced, via press release, fiscal 2027 second quarter financial results. A copy of the press release is furnished herewith as Exhibit

99.1 and is incorporated herein by reference.

ITEM 7.01 REGULATION FD DISCLOSURE

On October 14, 2026, Educational Development Corporation

announced, via press release, fiscal 2027 second quarter financial results. Educational Development Corporation’s fiscal 2027 earnings

call will be held on Wednesday, October 14, 2026, at 3:30 PM CT (4:30 PM ET). A copy of the press release is furnished herewith as Exhibit

99.1 and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) EXHIBITS

Exhibit

Number

Description

99.1

Press release dated as of October 14, 2026

104

Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURE

Pursuant to the requirements of the Exchange Act,

the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Educational Development Corporation

By:

/s/ Craig M. White

Craig M. White

President, Chief Executive Officer, and

Chairman of the Board

Date:

October 14, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: educex99-1.htm · Sequence: 2

Exhibit 99.1

EDUCATIONAL DEVELOPMENT CORPORATION

ANNOUNCES FISCAL 2027 SECOND QUARTER AND YEAR

TO DATE RESULTS

TULSA, OK, October 14, 2026—Educational

Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC), a publishing company specializing in books and

educational products for children, today reports financial results for the fiscal second quarter ended August 31, 2026.

Second Quarter Summary Compared to the Prior Year Second Quarter

●

Net revenues were $4.1 million compared to $4.6 million.

●

Average active PaperPie Brand Partners totaled 5,100 compared to 5,800.

●

Loss before income taxes were $(1.6) million, compared to $(1.8) million.

●

Net loss totaled $(1.6) million, compared to $(1.3) million.

●

Loss per share totaled $(0.19) compared to $(0.15) on a fully diluted basis.

Year-to-Date Summary Compared to the Prior

Year

●

Net revenues of $8.8 million, compared to $11.7 million.

●

Average active PaperPie Brand Partners totaled 5,200, compared to 6,800.

●

Loss before income taxes were $(2.9) million, compared to $(3.2) million.

●

Net loss totaled $(3.0) million, compared to $(2.4) million.

●

Loss per share totaled $(0.35), compared to $(0.28) on a fully diluted basis.

Per Craig White, Chief Executive Officer, “During

the first two quarters we ran several product and recruiting promotions to increase our Brand Partner headcount to increase sales. I am

happy to say that we were successful in both areas, which helped turn excess inventory into cash. Although our cash position decreased

slightly from $1.3 million at the end of February to $1.2 million at the end of August, I am proud that we were able to generate positive

cash flow even during our slowest quarter of the year. I am also pleased to see our Brand Partner numbers starting to trend up. Through

the first half of fiscal 2027 our Active Brand Partners increased by over 19%, from 4,300 to 5,100. This remains our primary focus as

we work diligently to further strengthen and build our Brand Partner levels, which will have a direct impact on sales growth.”

“Our loss before taxes this quarter and

year to date, were better than last year on reduced revenue levels. These results were possible due to our continued focus on reducing

expenses. At the beginning of the year, we implemented a cost reduction plan, which is expected to reduce our overall general and administrative

expenses during the fiscal year by over $1.2 million. In addition, during the first quarter of this fiscal year, we made a $100,000 one-time

write-down on our ‘assets held for sale,’ which includes our legacy pick & pack distribution system that we are marketing

for sale. Even with this adjustment at the beginning of the year, our losses before taxes are less than the previous year.”

“Just like the previous quarter, our earnings per share

were lower this quarter as we were not able to realize the deferred tax asset associated with our pre-tax losses. We are optimistic that

as our Brand Partner levels increase along with increasing sales, we will return to profitability. Once we have affirmation of this direction,

these deferred tax assets will become realizable resulting in a tax gain of approximately $0.28 per share as of August 31, 2026,”

concluded Mr. White.

EDUCATIONAL DEVELOPMENT CORPORATION

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended

August 31,

Six Months Ended

August 31,

2026

2025

2026

2025

NET REVENUES

4,070,300

4,621,100

8,826,100

11,727,500

LOSS BEFORE INCOME TAXES

(1,561,600

)

(1,750,200

)

(2,940,700

)

(3,199,500

)

INCOME TAX EXPENSE (BENEFIT)

16,500

(455,500

)

33,000

(829,600

)

NET LOSS

(1,578,100

)

(1,294,700

)

(2,973,700

)

(2,369,900

)

LOSS PER SHARE

(0.19

)

(0.15

)

(0.35

)

(0.28

)

WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING

Basic

8,520,529

8,583,201

8,515,947

8,583,201

Diluted

8,520,529

8,583,201

8,515,947

8,583,201

Fiscal 2027 Second Quarter Earnings Call

Date: Wednesday, October 14, 2026

Time: 3:30 PM CT (4:30 PM ET)

Dial-in number: (800) 717-1738

Conference ID: 19822

The conference call will be broadcast live and

audio replays will be available following the event at www.edcpub.com/investors.

About Educational Development Corporation (EDC)

EDC began as a publishing company specializing

in books for children. EDC is the owner and exclusive publisher of Kane Miller Books (“Kane Miller”); Learning Wrap-Ups, maker

of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor

of Usborne Publishing Limited (“Usborne”) children’s books. EDC-owned products are sold via 4,000 retail outlets and

EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools

and public libraries, in individual homes, as well as other in-person events and internet sales.

Contact:

Educational Development Corporation

Craig White, (918) 622-4522

Cautionary Statement for the Purpose of

the “Safe Harbor” Provision of the Private Securities Litigation Reform Act of 1995.

The information discussed in this Press Release

includes “forward-looking statements.” These forward-looking statements are identified by their use of terms and phrases such

as “may,” “expect,” “estimate,” “project,” “plan,” “believe,”

“intend,” “achievable,” “anticipate,” “continue,” “potential,” “should,”

“could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements

are reasonable, they do involve certain assumptions, risks and uncertainties and we can give no assurance that such expectations or assumptions

will be achieved. Known and unknown risks, uncertainties and other factors may cause our actual results, performance, or achievements

to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Factors

that could cause or contribute to such differences include, but are not limited to, our success in recruiting and retaining new brand

partners, our ability to locate and procure desired books, our ability to ship the volume of orders that are received without creating

backlogs, our ability to obtain adequate financing for working capital and capital expenditures, economic and competitive conditions,

regulatory changes and other uncertainties, cybersecurity threats and incidents, the COVID-19 pandemic, as well as those factors discussed

in our Annual Report on Form 10-K for the year ended February 28, 2026, all of which are difficult to predict. In light of these risks,

uncertainties and assumptions, the forward-looking events discussed may not occur. All forward-looking statements attributable to us or

persons acting on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph and elsewhere in

our Annual Report on Form 10-K for the year ended February 28, 2026 and speak only as of the date of this Press Release. Other than as

required under the securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information,

subsequent events or circumstances, changes in expectations or otherwise.

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