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Build-a-bear Workshop Inc (BBW) stock

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NYSE: BBW NYSE Other Specialty Retail Next results ~December 3, 2026

B Fundamentals grade

Build-a-bear Workshop Inc is a US-listed company in the other specialty retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$43

Cash-flow model

Base case. Range ~$32–$57 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 45% above it.

Price used: $29.54, November 2, 2026

Build-a-bear Workshop Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds88 adding, 72 cuttingOf 29 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Build-a-bear Workshop files

Where Build-a-bear Workshop stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $518m, down 0.9% on a year earlier, against growth of 3.3% a quarter earlier. Free-cash-flow margin fell to 4.7% from 9.0% a year earlier. The diluted share count is down 3.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 1 of our 1 financial-health checks. Our cash-flow model value is $42.88 a share, against a share price of $27.18. At that price, our model says the market is pricing in cash flow shrinking about 6.1% a year for five years, slower than the 4.7% a year revenue growth it has delivered.

Source: 10-Q filed September 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 3, 2026 (estimated)

Build-a-bear Workshop Inc's trailing-twelve-month revenue fell 0.9% year on year, with a free-cash-flow margin of 4.7%. Where it stands out: net margin of 10.0% ranks 4 of 35 other specialty retail companies we cover. Where it lags: change in growth rate of -4.2pp ranks 31 of 35 other specialty retail companies we cover.

Our discounted-cash-flow model values the business at ~$43 per share in the base case (~$32–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 47.6% while net income fell 12.9%: a 35pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $29.54 is 45% below our value per share of $43.
  • Shrinking share count. Diluted shares fell 3.7% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 0.9% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 56% and a beta of 0.8 against the S&P 500.
  • Growth easing. The growth rate is 4.2 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was 48% of net income over the last 12 months.
  • Below peers: change in growth rate. Change in growth rate of -4.2pp ranks 31 of 35 other specialty retail companies we cover (median -0.2pp).
  • Heavily shorted. 26.7% of the shares available to trade are sold short (5.9 days of average volume to cover).

Latest results: FY2027 Q2

Filed September 10, 2026
Earnings per share
$0.70 against an average estimate of $0.63: beat by 11.7%
Revenue
$115m, down 7.2% on a year earlier
Share reaction
-23.7% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Next report
August 27, 2026; average EPS estimate $0.39

Build-a-bear Workshop's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.0%
  • 1 week+24.2%
  • 1 month+15.6%
  • This year-50.7%
  • 1 year-44.1%
  • 5 years+124.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$518M
Net margin
10.0%
EPS (TTM, diluted)
$4.04

Growth

Revenue growth
−0.9%
Change in growth rate
−4.2 pts
Share count change
−3.7%

Cash

Free cash flow (TTM)
$24.5M
FCF margin
4.7%
Stock pay % of revenue
0.5%

Earnings

Last results
August 27, 2026
Next results (est.)
December 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Build-a-bear Workshop Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 4.6% a year for five years.That is slower than the 4.7% a year revenue growth Build-a-bear Workshop has delivered.

  • Priced in-4.6%
  • Last 12 months-0.9%
  • 3 years a year2.6%
  • 5 years a year4.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($29.54, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$43
Price used
$29.54close November 3, 2026
Implied change
▲ +45%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Build-a-bear Workshop Inc's free cash flow after stock-based pay with after-tax interest added back ($31.3M, FY2027 Q2 TTM), growing 1.2% and 2.6% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$32–~$57 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Build-a-bear Workshop Inc's free cash flow after stock-based pay ( $31.3M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Build-a-bear Workshop Inc as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.9 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$43 ~$32–$57 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$52 ~$36–$80 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$65 ~$56–$78 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$51 ~$43–$65 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Build-a-bear Workshop Inc with Other Specialty Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −20%
  • Last year's free-cash-flow margin change, if it persists ▼ −46%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $37$50$67$90$120$158
8.5% $29$38$51$67$88$115
10% $24$31$40$53$69$89

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$10.13$11.38$7.61$3.83$3.46$4.64$15.23$21.23$21.28$40.72$58.39$29.54
Market value$171m$178m$120m$56m$51m$69m$246m$324m$308m$555m$764m$378m
+ Net debt (− = net cash)−$45m$0$0−$18m−$27m−$35m−$33m−$42m−$44m−$28m−$27m−$14m
Enterprise value$126m$178m$120m$38m$24m$34m$213m$282m$264m$527m$737m$364m
Multiples
Price / sales 0.5x0.5x0.3x0.2x0.2x0.3x0.6x0.7x0.6x1.1x1.4x0.7x
Price / earnings 6.2x129.1x15.2x—195.6x—5.2x6.7x5.8x10.7x14.6x7.3x
Price / free cash flow 17.8x—36.1x—5.5x8.3x12.3x9.6x6.7x20.0x19.3x15.4x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

61 /100

Moderate moat

How hard Build-a-bear Workshop's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 15.2% of total assets over 8 years.

  • Pricing power 13 / 20

    Gross margin has been a median 52.9%, moving by 6.8 percentage points (standard deviation) across 8 years.

  • Durability 2 / 20

    Net margin has been a median 9.1%; its worst year was -13.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 17.1% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (66 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.38 −15% $509m −4%
Next $3.95 +17% $531m +4%

Next year's EPS estimate has moved −8.8% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −16.4% on 90 days ago. In the last 30 days, 0 analysts raised Build-a-bear Workshop Inc's forecast and 4 cut it.

Consensus EPS forecast Build-a-bear Workshop Inc, last 90 days
$3.00 $3.50 $4.00 $4.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.05 Current fiscal year, 60 days ago: $3.53 Current fiscal year, 30 days ago: $3.53 Current fiscal year, 7 days ago: $3.38 Current fiscal year, Now: $3.38 $3.38 Next fiscal year, 90 days ago: $4.33 Next fiscal year, 60 days ago: $3.94 Next fiscal year, 30 days ago: $3.94 Next fiscal year, 7 days ago: $3.95 Next fiscal year, Now: $3.95 $3.95

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.05$4.33
60 days ago $3.53$3.94
30 days ago $3.53$3.94
7 days ago $3.38$3.95
Now $3.38$3.95

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.63 $0.70 +11.7%
Apr 2026 $0.75 $1.03 +37.3%
Jan 2026 $1.22 $1.26 +3.3%
Oct 2025 $0.59 $0.62 +5.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 27, 2026

No numeric guidance in Build-a-bear Workshop Inc's latest earnings release (filed August 27, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Build-a-bear Workshop Inc's revenue by +1.2% next year and +2.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.5%, weight 56%) and the company's own record (+2.0%, weight 44%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026123
  2. Sep 2026134
  3. Aug 2026134
  4. Jul 2026134

Counts of recommendations published by analysts covering Build-a-bear Workshop Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
26.7%
of tradable shares
Days to cover
5.94
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
5.6%
of shares
Employees
1,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −44.1%

$52.82 on October 31, 2025 to $29.54

ThenNowEffect
Revenue (last 12 months) $523m $518m −0.9%
Net margin 11.3% 10.0% −12.1%
P/E multiple 11.8x 7.3x −38.1%
Share count 13m 13m +3.8%

Biggest factor: p/e multiple.

Last 3 years +22.0%

$24.22 on November 3, 2023 to $29.54

ThenNowEffect
Revenue (last 12 months) $479m $518m +8.1%
Net margin 10.6% 10.0% −6.3%
P/E multiple 7.0x 7.3x +4.4%
Share count 15m 13m +15.4%

Biggest factor: share count.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BBW+385%+22%+3%+106%+35%−51%
Industry peers (median)+42%−35%+2%−23%−11%−17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BBW67%50%50%75%42%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BBW−28%−43%−31%−25%−38%−66%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 93% from December 9, 2016 to April 3, 2020. Getting back needed a 1415% gain, reached on May 27, 2021, 419 days after the low.

Price behaviour

52-week range
$23.36 – $69.50
From 52-week high
−57.5%
vs 50-day average
+9.4%
vs 200-day average
−19.2%
Volatility (1 year)
56%
Beta vs S&P 500
0.82

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±11.2%
After a week
6 up, 6 down
typical move ±10.7%
After a month
7 up, 5 down
typical move ±17.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 −23.7% +0.4% −25.7% −34.6%
May 28, 2026 −1.6% +0.8% −5.5% −19.2%
March 12, 2026 −5.9% −2.1% −6.1% −13.9%
December 4, 2025 −13.3% +0.3% −6.8% +10.9%
August 28, 2025 +3.8% −0.2% +10.3% +21.3%
May 29, 2025 +19.3% +0.3% +8.4% +21.0%
March 13, 2025 +2.8% +0.7% +4.5% +4.5%
December 5, 2024 +8.2% 0.0% +9.5% +22.0%
August 29, 2024 +19.8% +1.0% +12.4% +24.1%
May 30, 2024 −15.4% +0.2% −16.1% −20.7%
March 14, 2024 +19.8% −0.9% +15.4% +11.1%
November 30, 2023 −0.9% +1.0% −8.2% −10.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Build-a-bear Workshop Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 0.87× the last 60 days’ realised volatility .
  • Puts are priced 10 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Build-a-bear Workshop Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Build-a-bear Workshop Inc
$480M $500M $520M $540M FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $481.9M Revenue (TTM), FY24 Q4: $486.1M Revenue (TTM), FY25 Q1: $480.8M Revenue (TTM), FY25 Q2: $483.4M Revenue (TTM), FY25 Q3: $495.2M Revenue (TTM), FY25 Q4: $496.4M Revenue (TTM), FY26 Q1: $510.1M Revenue (TTM), FY26 Q2: $522.5M Revenue (TTM), FY26 Q3: $525.8M Revenue (TTM), FY26 Q4: $529.8M Revenue (TTM), FY27 Q1: $526.7M Revenue (TTM), FY27 Q2: $517.8M $517.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $481.9M
FY24 Q4 $486.1M
FY25 Q1 $480.8M
FY25 Q2 $483.4M
FY25 Q3 $495.2M
FY25 Q4 $496.4M
FY26 Q1 $510.1M
FY26 Q2 $522.5M
FY26 Q3 $525.8M
FY26 Q4 $529.8M
FY27 Q1 $526.7M
FY27 Q2 $517.8M
Revenue growth, TTM YoY Build-a-bear Workshop Inc
-5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 6.4% Revenue growth, TTM YoY, FY24 Q4: 3.9% Revenue growth, TTM YoY, FY25 Q1: 2.2% Revenue growth, TTM YoY, FY25 Q2: 0.9% Revenue growth, TTM YoY, FY25 Q3: 2.8% Revenue growth, TTM YoY, FY25 Q4: 2.1% Revenue growth, TTM YoY, FY26 Q1: 6.1% Revenue growth, TTM YoY, FY26 Q2: 8.1% Revenue growth, TTM YoY, FY26 Q3: 6.2% Revenue growth, TTM YoY, FY26 Q4: 6.7% Revenue growth, TTM YoY, FY27 Q1: 3.3% Revenue growth, TTM YoY, FY27 Q2: -0.9% -0.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 6.4%
FY24 Q4 3.9%
FY25 Q1 2.2%
FY25 Q2 0.9%
FY25 Q3 2.8%
FY25 Q4 2.1%
FY26 Q1 6.1%
FY26 Q2 8.1%
FY26 Q3 6.2%
FY26 Q4 6.7%
FY27 Q1 3.3%
FY27 Q2 -0.9%
FCF margin (TTM) Build-a-bear Workshop Inc
4% 6% 8% 10% 12% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 10.5% FCF margin (TTM), FY24 Q4: 9.5% FCF margin (TTM), FY25 Q1: 8.0% FCF margin (TTM), FY25 Q2: 5.6% FCF margin (TTM), FY25 Q3: 8.6% FCF margin (TTM), FY25 Q4: 5.6% FCF margin (TTM), FY26 Q1: 8.8% FCF margin (TTM), FY26 Q2: 9.0% FCF margin (TTM), FY26 Q3: 7.1% FCF margin (TTM), FY26 Q4: 7.5% FCF margin (TTM), FY27 Q1: 5.5% FCF margin (TTM), FY27 Q2: 4.7% 4.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 10.5%
FY24 Q4 9.5%
FY25 Q1 8.0%
FY25 Q2 5.6%
FY25 Q3 8.6%
FY25 Q4 5.6%
FY26 Q1 8.8%
FY26 Q2 9.0%
FY26 Q3 7.1%
FY26 Q4 7.5%
FY27 Q1 5.5%
FY27 Q2 4.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Dec 2011 2013 Dec 2012 2014 Dec 2013 2015 Jan 2015 2016 Jan 2016 2017 Dec 2016 2018 Dec 2017 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 396 401 394 381 379 392 378 364 358 337 339 255 412 468 486 496 530 518
Gross profit — — — — — — — — 169 139 154 97 218 246 264 273 296 293
Net income −12 0 −17 −49 −2 14 27 1 8 −18 0 −23 47 48 53 52 52 52
Diluted EPS −$0.66 $0.01 −$0.98 −$3.02 −$0.13 $0.81 $1.59 $0.09 $0.50 −$1.23 $0.02 −$1.54 $2.93 $3.15 $3.65 $3.80 $3.99 $4.04
Growth (year on year)
Revenue — +1.4% −1.8% −3.4% −0.5% +3.5% −3.7% −3.6% −1.7% −5.9% +0.6% −24.6% +61.2% +13.7% +3.9% +2.1% +6.7% −0.9%
Net income — — — — — — +90.4% −95.0% — −326.5% — — — +1.5% +10.0% −1.9% +0.8% −12.9%
Diluted EPS — — — — — — +96.3% −94.3% — −346.0% — — — +7.5% +15.9% +4.1% +5.0% −9.6%
Margins
Gross margin — — — — — — — — 47.2% 41.2% 45.4% 38.2% 53.0% 52.5% 54.4% 54.9% 55.8% 56.7%
Net margin −3.2% 0.0% −4.3% −12.9% −0.6% 3.7% 7.2% 0.4% 2.2% −5.3% 0.1% −9.0% 11.5% 10.3% 10.9% 10.4% 9.9% 10.0%
Free-cash-flow margin 4.6% 2.0% 1.0% −0.5% 0.0% 6.1% 2.5% −3.1% 0.9% −0.5% 2.7% 3.3% 4.8% 7.2% 9.5% 5.6% 7.5% 4.7%
Cash flow
Cash from operations 24 22 16 15 19 35 32 16 21 10 22 13 28 47 64 47 65 59
Capital spending 6 14 12 17 19 11 22 27 18 11 12 5 8 14 18 19 26 35
Free cash flow 18 8 4 −2 0 24 10 −11 3 −2 9 8 20 34 46 28 40 25
Stock-based pay 4 5 5 4 3 2 2 3 3 3 3 2 3 3 2 2 3 3
Free cash flow after stock pay 14 3 −1 −5 −3 22 7 −14 −0 −5 6 7 17 31 44 26 37 22
Balance sheet
Cash 60 59 46 45 45 65 45 — — 18 27 35 33 42 44 28 27 14
Total debt 0 0 0 0 0 0 0 0 0 — — — — — — — — 0
Net debt (negative = net cash) −60 −59 −46 −45 −45 −65 −45 — — −18 −27 −35 −33 −42 −44 −28 −27 −14
Diluted shares 19m 19m 17m 16m 16m 17m 17m 16m 16m 15m 15m 15m 16m 15m 14m 14m 13m 13m
Returned to shareholders
Dividends — — — — — — — — — — — 0 20 0 22 11 12 11
Buybacks — 7 15 1 0 3 26 1 4 2 — 0 4 24 21 31 28 38
Total returned — 7 15 1 0 3 26 1 4 2 — 0 24 24 43 42 39 49

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 1 checks passed · August 1, 2026
What it owns · $334m
Short-term assets $123mLonger-term assets $211m
What it owes, and who funded it · $236m
Short-term liabilities $77mShareholders' equity $159m
  • Short-term assets cover short-term liabilities $123m of assets due within a year against $77m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Build-a-bear Workshop Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$37.6M
Dividends (TTM)
$11.5M
Returned to shareholders
200%
of free cash flow
Buybacks, last 3 fiscal years
$79.5M
Diluted share count
−3.7%
year over year
Total shareholder yield
13.3%
dividends 3.1% + buybacks 10.2% of market value
Dividend payout ratio
22%
of net income paid out
Sales & admin spending
43.8%
of revenue

Competitors: side by side with peers

Closest by revenue in other specialty retail
Last 12 months unless stated BBW LIVE HITI TKLF BARK RENT Median
Revenue, last 12 months $518m $434m $424m $373m $371m $367m $1.2bn
Revenue growth, last 12 months −0.9% −2.2% 10.5% 77.6% −21.2% 21.2% 4.0%
Revenue growth, 3-year average 2.6% 10.1% — — −10.9% 6.6% 2.6%
Revenue growth, latest quarter −7.2% −3.2% — — −23.4% 20.8% 2.3%
Gross margin 56.7% 33.1% 25.8% 0.4% 63.4% 74.7% 36.5%
Operating margin — 2.4% −2.4% 0.9% −8.6% −12.3% 2.2%
Operating margin, 3-year average — 0.6% — — −8.1% −18.3% 1.5%
Net margin 10.0% −0.6% −8.5% 0.2% −8.4% 11.8% 0.8%
Cash from operations / revenue 11.4% 4.9% 4.0% −2.8% −5.7% 0.2% 5.5%
Free-cash-flow margin 4.7% 3.2% 2.3% −2.8% −6.5% — 3.0%
Free-cash-flow margin, 3-year average 6.4% 2.7% — — −2.8% — 2.7%
Stock pay / revenue 0.5% 0.0% 0.7% — 3.7% 1.0% 0.6%
Change in share count −3.7% 9.7% 3.3% 0.2% 1.6% 18.2% 0.7%

Median of all 35 companies we cover in other specialty retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 other specialty retail companies
Measure Company Peer median Rank
Revenue growth Growth -0.9% 4.0% 25 of 35
Change in growth rate Growth -4.2pp -0.2pp 31 of 35
Gross margin Profitability 56.7% 36.5% 7 of 31
Net margin Profitability 10.0% 0.8% 4 of 35
Free-cash-flow margin Cash generation 4.7% 3.1% 10 of 34
Stock pay as % of revenue Cash generation 0.5% 0.7% 10 of 30
Change in share count Balance sheet -3.7% 0.6% 8 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Segments
Line of business Revenue Share YoY
Direct To Consumer $486M 91.7% ▲ 5.6%
Commercial $38.8M 7.3% ▲ 23.5%
International Franchising $5.1M 1.0% ▲ 9.2%
Products and services
Line of business Revenue Share YoY
Retail $486M 90.7% ▲ 5.6%
Commercial Product and Service $38.8M 7.2% ▲ 23.5%
Gift Card Breakage $6.2M 1.2% ▼ 4.6%
International Franchising $5.1M 1.0% ▲ 9.2%
Geography
Region Revenue Share YoY
North America $451M 85.2% ▲ 6.1%
Europe $71.7M 13.5% ▲ 9.9%
Other Geographic Region $6.9M 1.3% ▲ 14.8%

From Build-a-bear Workshop Inc's 10-K filed April 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$391M
Institutions reporting
172
Shares held vs prior quarter
▼ 0.3%
Positions opened / closed
24 / 27

Top buyers and sellers, Q2 2026: 88 institutions bought and 72 sold ; the biggest buyer was Paradigm Capital Management Inc (+985K shares) and the biggest seller Divisadero Street Capital Management, LP (−815K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Pacifica Capital Investments, LLC $34M 1.1M 8.7% ▲ 10.4%
Blackrock, Inc. $30.5M 996K 7.8% ▲ 8.2%
Paradigm Capital Management Inc $30.1M 985K 7.7% New
De Lisle Partners LLP $23.5M 766K 6.0% 0.0%
Price T Rowe Associates Inc $20.5M 670K 5.2% ▲ 72.1%
American Century Companies Inc $19M 621K 4.9% ▲ 11.2%
Fuller & Thaler Asset Management, Inc. $18.7M 612K 4.8% ▲ 0.2%
Vanguard Capital Management LLC $16.2M 530K 4.1% ▼ 2.9%
Dimensional Fund Advisors LP $13.5M 441K 3.4% ▲ 20.3%
State Street Corp $11.6M 377K 3.0% ▲ 3.9%
Pillsbury Lake Capital LLC $10.4M 339K 2.7% ▲ 2.8%
Geode Capital Management, LLC $9.3M 304K 2.4% ▲ 4.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Build-a-bear Workshop Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $376,485 2 trades by 2 insiders · 73% under pre-set plans
Net ▼ $376,485 net selling
Insider Date Trade Shares Price Value
John Sharon Price Director August 24, 2026 Sell pre-set plan 6,818 $40.03 $272,925
Carrara George Director June 5, 2026 Sell 3,000 $34.52 $103,560

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 3, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • May 28, 2026
  • March 12, 2026
  • December 4, 2025
  • August 28, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on Build-a-bear Workshop Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Build-a-bear Workshop Inc in brief

What does Build-a-bear Workshop Inc do?
Build-a-bear Workshop Inc is a US-listed company in the other specialty retail industry. Its financial year ends in January.
What is Build-a-bear Workshop Inc's stock ticker?
Build-a-bear Workshop Inc trades under the ticker BBW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Build-a-bear Workshop Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Build-a-bear Workshop Inc reported revenue of $518M, 0.9% lower than a year earlier, according to its SEC filings.
What is Build-a-bear Workshop Inc's free cash flow?
Build-a-bear Workshop Inc's free-cash-flow margin is 4.7% of revenue over the trailing twelve months, ranking 10 of the 34 other specialty retail companies we cover.
What is Build-a-bear Workshop Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Build-a-bear Workshop Inc's free cash flow after stock-based pay gives ~$43 per share in the base case, and ~$32–$57 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Build-a-bear Workshop Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Pacifica Capital Investments, LLC, Blackrock, Inc. and Paradigm Capital Management Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Build-a-bear Workshop Inc buying back stock, and does it pay a dividend?
Build-a-bear Workshop Inc spent $37.6M on share repurchases over the trailing twelve months, and its diluted share count fell 3.7% over the year.
What is Build-a-bear Workshop Inc's market cap?
On November 2, 2026, Build-a-bear Workshop Inc's market capitalisation was about $378M, with a price-to-earnings ratio of 7.3 and net debt of -$14M. Market figures come from third-party market data and may be delayed.
Does Build-a-bear Workshop Inc pay a dividend?
Yes: Build-a-bear Workshop Inc paid $11.5M in dividends over the trailing twelve months, a dividend yield of 3.11% and a payout ratio of 22.2%.
Who are Build-a-bear Workshop Inc's competitors?
In our Other Specialty Retail peer group, the companies closest to Build-a-bear Workshop Inc are Live Ventures Inc, High Tide Inc., Tokyo Lifestyle Co., Ltd., Bark, Inc. and Rent The Runway, Inc. The side-by-side comparison below sets their revenue, margins and growth against Build-a-bear Workshop Inc's.
Are insiders buying or selling Build-a-bear Workshop Inc stock?
Over the last 12 months, Build-a-bear Workshop Inc's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Build-a-bear Workshop Inc's next earnings date?
Around December 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Build-a-bear Workshop Inc announces its own schedule.