Build-A-Bear Workshop Inc Financials

BBW

Source SEC Filings (10-K/10-Q) Updated Nov 1, 2025 Currency USD FYE February

This page shows Build-A-Bear Workshop Inc (BBW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 56/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Build-A-Bear Workshop Inc's revenue grew a modest 2.1% year-over-year to $496.4M. This slow but positive growth earns a score of 35/100.

Leverage

Build-A-Bear Workshop Inc carries a low D/E ratio of 1.07, meaning only $1.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Build-A-Bear Workshop Inc's current ratio of 1.67 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Build-A-Bear Workshop Inc's free cash flow margin of 5.6% results in a low score of 28/100. Capital expenditures of $19.3M absorb a large share of operating cash flow.

Returns

100

Build-A-Bear Workshop Inc earns a strong 34.8% return on equity (ROE), meaning it generates $35 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 41.1% the prior year.

Piotroski F-Score Neutral

5/9

Build-A-Bear Workshop Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.91x

For every $1 of reported earnings, Build-A-Bear Workshop Inc generates $0.91 in operating cash flow ($47.1M OCF vs $51.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$496.4M

YoY+2.1%

5Y CAGR+8.0%

10Y CAGR+2.7%

Build-A-Bear Workshop Inc generated $496.4M in revenue in fiscal year 2025. This represents an increase of 2.1% from the prior year.

EBITDA

N/A

Free Cash Flow

$27.8M

YoY-39.7%

5Y CAGR+24.7%

10Y CAGR+149.3%

Build-A-Bear Workshop Inc generated $27.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 39.7% from the prior year.

Net Income

$51.8M

YoY-1.9%

5Y CAGR+188.1%

Build-A-Bear Workshop Inc reported $51.8M in net income in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

EPS (Diluted)

$3.80

YoY+4.1%

5Y CAGR+185.6%

Build-A-Bear Workshop Inc earned $3.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 4.1% from the prior year.

Cash & Debt

$44.3M

YoY+16.0%

5Y CAGR+15.2%

10Y CAGR-0.1%

Build-A-Bear Workshop Inc held $44.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

13M

YoY-6.0%

5Y CAGR-2.8%

10Y CAGR-2.8%

Build-A-Bear Workshop Inc had 13M shares outstanding in fiscal year 2025. This represents a decrease of 6.0% from the prior year.

Gross Margin

54.9%

YoY+0.5pp

5Y CAGR+9.5pp

10Y CAGR+13.1pp

Build-A-Bear Workshop Inc's gross margin was 54.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.

Operating Margin

N/A

Net Margin

10.4%

YoY-0.4pp

5Y CAGR+10.4pp

10Y CAGR+11.0pp

Build-A-Bear Workshop Inc's net profit margin was 10.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity

34.8%

YoY-6.3pp

5Y CAGR+34.4pp

Build-A-Bear Workshop Inc's ROE was 34.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$31.3M

YoY+52.5%

10Y CAGR+64.5%

Build-A-Bear Workshop Inc spent $31.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 52.5% from the prior year.

Capital Expenditures

$19.3M

YoY+5.6%

5Y CAGR+9.3%

10Y CAGR+0.1%

Build-A-Bear Workshop Inc invested $19.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.6% from the prior year.

BBW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$496.4M+2.1%	$486.1M+3.9%	$467.9M+13.7%	$411.5M+61.2%	$255.3M-24.6%	$338.5M
Cost of Revenue	$223.9M+1.0%	$221.7M-0.2%	$222.1M+14.7%	$193.6M+22.6%	$157.9M-14.6%	$184.9M
Gross Profit	$272.5M+3.1%	$264.4M+7.5%	$245.9M+12.8%	$218.0M+123.8%	$97.4M-36.6%	$153.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$206.2M+3.6%	$199.0M+8.2%	$183.9M+10.0%	$167.3M+42.2%	$117.6M-22.7%	$152.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$15.4M+13.5%	$13.5M-3.0%	$13.9M+304.6%	$3.4M+23.2%	$2.8M+115.2%	$1.3M
Net Income	$51.8M-1.9%	$52.8M+10.0%	$48.0M+1.5%	$47.3M+305.7%	-$23.0M-8905.7%	$261K
EPS (Diluted)	$3.80+4.1%	$3.65+15.9%	$3.15+7.5%	$2.93+290.3%	$-1.54-7800.0%	$0.02

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Revenue	$122.7M-1.3%	$124.2M-3.2%	$128.4M+7.5%	$119.4M+6.8%	$111.8M-2.6%	$114.7M-23.1%	$149.3M+38.8%	$107.6M
Cost of Revenue	$56.9M+7.8%	$52.7M-4.8%	$55.4M+1.1%	$54.8M+7.0%	$51.2M-2.5%	$52.6M-19.2%	$65.1M+27.7%	$50.9M
Gross Profit	$65.8M-8.0%	$71.5M-2.0%	$73.0M+12.9%	$64.6M+6.7%	$60.6M-2.6%	$62.2M-26.2%	$84.2M+48.7%	$56.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$55.3M-1.9%	$56.4M+5.3%	$53.6M+3.7%	$51.7M+5.0%	$49.2M+3.5%	$47.6M-18.7%	$58.5M+25.6%	$46.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.6M-11.7%	$3.0M-31.6%	$4.3M+34.3%	$3.2M+16.0%	$2.8M-22.5%	$3.6M-7.9%	$3.9M+40.3%	$2.8M
Net Income	$8.1M-34.3%	$12.4M-19.3%	$15.3M+55.2%	$9.9M+12.5%	$8.8M-23.4%	$11.5M-48.6%	$22.3M+193.6%	$7.6M
EPS (Diluted)	$0.62-34.0%	$0.94-19.7%	$1.17+60.3%	$0.73+14.1%	$0.64-22.0%	$0.82-47.8%	$1.57+196.2%	$0.53

BBW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$308.3M+16.2%	$265.3M+1.4%	$261.7M+2.1%	$256.4M-3.0%	$264.3M-4.5%	$276.8M
Current Assets	$142.6M+15.1%	$123.8M-1.8%	$126.1M-1.3%	$127.7M+18.5%	$107.8M+22.3%	$88.1M
Cash & Equivalents	$44.3M+16.0%	$38.2M+16.5%	$32.8M+25.8%	$26.1M-43.2%	$45.9M+110.2%	$21.9M
Inventory	$72.3M+12.9%	$64.0M-3.7%	$66.5M-14.1%	$77.4M+76.8%	$43.8M-17.8%	$53.2M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$159.6M+16.6%	$136.9M-10.3%	$152.7M-3.3%	$157.9M-15.3%	$186.3M-10.6%	$208.4M
Current Liabilities	$85.4M+8.5%	$78.7M-14.9%	$92.4M+3.3%	$89.5M+2.4%	$87.4M0.0%	$87.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$148.7M+15.8%	$128.3M+17.8%	$109.0M+10.6%	$98.5M+26.4%	$78.0M+13.9%	$68.5M
Retained Earnings	$98.2M+28.8%	$76.3M+50.5%	$50.7M+30.4%	$38.9M+124.4%	$17.3M+98.6%	$8.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Total Assets	$326.5M+2.6%	$318.2M+3.2%	$308.3M+7.9%	$285.9M+2.3%	$279.5M+5.3%	$265.3M-2.6%	$272.3M+8.7%	$250.5M
Current Assets	$138.1M-4.3%	$144.4M+1.3%	$142.6M+13.9%	$125.2M+6.6%	$117.5M-5.1%	$123.8M-3.1%	$127.8M+9.4%	$116.8M
Cash & Equivalents	$27.7M-29.1%	$39.1M-11.8%	$44.3M+53.1%	$29.0M+15.1%	$25.2M-34.2%	$38.2M-13.7%	$44.3M+78.7%	$24.8M
Inventory	$83.3M+1.9%	$81.8M+13.1%	$72.3M+2.2%	$70.8M+5.7%	$67.0M+4.6%	$64.0M+0.8%	$63.5M-1.5%	$64.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$175.9M+8.0%	$162.8M+2.0%	$159.6M+1.5%	$157.3M+2.4%	$153.7M+12.2%	$136.9M-4.0%	$142.7M+2.7%	$138.9M
Current Liabilities	$83.5M+3.0%	$81.1M-5.0%	$85.4M-1.2%	$86.4M+7.6%	$80.3M+2.1%	$78.7M-6.0%	$83.7M-1.9%	$85.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$150.6M-3.1%	$155.4M+4.5%	$148.7M+15.6%	$128.6M+2.2%	$125.8M-2.0%	$128.3M-1.0%	$129.7M+16.1%	$111.6M
Retained Earnings	$100.7M-4.0%	$104.9M+6.7%	$98.2M+26.4%	$77.7M+4.0%	$74.7M-2.0%	$76.3M+1.4%	$75.3M+31.6%	$57.2M

BBW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$47.1M-26.8%	$64.3M+36.0%	$47.3M+68.4%	$28.1M+109.7%	$13.4M-38.1%	$21.6M
Capital Expenditures	$19.3M+5.6%	$18.3M+34.2%	$13.6M+67.7%	$8.1M+61.1%	$5.0M-59.3%	$12.4M
Free Cash Flow	$27.8M-39.7%	$46.0M+36.8%	$33.6M+68.7%	$19.9M+139.2%	$8.3M-9.6%	$9.2M
Investing Cash Flow	-$19.3M-5.6%	-$18.3M-34.2%	-$13.6M-67.7%	-$8.1M-61.1%	-$5.0M+59.3%	-$12.4M
Financing Cash Flow	-$44.2M-0.6%	-$43.9M-75.2%	-$25.1M-11.6%	-$22.5M-19598.2%	-$114K+53.5%	-$245K
Dividends Paid	$11.0M-50.0%	$22.1M+7455.5%	$292K-98.5%	$19.9M	$0	N/A
Share Buybacks	$31.3M+52.5%	$20.5M-15.2%	$24.2M+454.7%	$4.4M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Operating Cash Flow	$8.2M+95.6%	$4.2M-84.8%	$27.8M+83.4%	$15.2M+640.4%	$2.0M-80.2%	$10.4M-67.2%	$31.6M+3305.6%	$927K
Capital Expenditures	$6.5M+94.5%	$3.4M+15.8%	$2.9M-24.9%	$3.9M+18.4%	$3.3M+34.6%	$2.4M-66.1%	$7.2M+43.8%	$5.0M
Free Cash Flow	$1.7M+100.1%	$849K-96.6%	$24.9M+120.5%	$11.3M+1024.1%	-$1.2M-115.4%	$7.9M-67.5%	$24.4M+701.1%	-$4.1M
Investing Cash Flow	-$6.5M-91.3%	-$3.4M-17.7%	-$2.9M+24.9%	-$3.9M-18.4%	-$3.3M-34.6%	-$2.4M+66.1%	-$7.2M-43.8%	-$5.0M
Financing Cash Flow	-$13.1M-117.1%	-$6.0M+28.4%	-$8.4M-11.8%	-$7.5M+36.8%	-$11.9M+14.9%	-$14.0M-193.2%	-$4.8M-23.3%	-$3.9M
Dividends Paid	$2.9M-1.1%	$2.9M-1.1%	$2.9M+9.3%	$2.7M-2.0%	$2.7M-5.9%	$2.9M+8186.1%	-$36K	$0
Share Buybacks	$10.2M+227.3%	$3.1M-26.0%	$4.2M-12.9%	$4.8M-47.2%	$9.1M-0.5%	$9.2M+74.8%	$5.3M+30.2%	$4.0M

BBW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	54.9%+0.5pp	54.4%+1.9pp	52.5%-0.4pp	53.0%+14.8pp	38.1%-7.2pp	45.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.4%-0.4pp	10.9%+0.6pp	10.3%-1.2pp	11.5%+20.5pp	-9.0%-9.1pp	0.1%
Return on Equity	34.8%-6.3pp	41.1%-2.9pp	44.0%-3.9pp	48.0%	N/A	0.4%
Return on Assets	16.8%-3.1pp	19.9%+1.6pp	18.3%-0.1pp	18.4%+27.1pp	-8.7%-8.8pp	0.1%
Current Ratio	1.67+0.1	1.57+0.2	1.36-0.1	1.43+0.2	1.23+0.2	1.01
Debt-to-Equity	1.070.0	1.07-0.3	1.40-0.2	1.60-0.8	2.39-0.7	3.04
FCF Margin	5.6%-3.9pp	9.5%+2.3pp	7.2%+2.3pp	4.9%+1.6pp	3.3%+0.6pp	2.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Gross Margin	53.6%-3.9pp	57.6%+0.7pp	56.8%+2.7pp	54.1%-0.1pp	54.2%0.0pp	54.2%-2.2pp	56.4%+3.8pp	52.6%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.6%-3.3pp	10.0%-2.0pp	11.9%+3.7pp	8.3%+0.4pp	7.8%-2.1pp	10.0%-4.9pp	14.9%+7.9pp	7.0%
Return on Equity	5.4%-2.6pp	8.0%-2.3pp	10.3%+2.6pp	7.7%+0.7pp	7.0%-2.0pp	8.9%-8.3pp	17.2%+10.4pp	6.8%
Return on Assets	2.5%-1.4pp	3.9%-1.1pp	5.0%+1.5pp	3.5%+0.3pp	3.1%-1.2pp	4.3%-3.9pp	8.2%+5.1pp	3.0%
Current Ratio	1.65-0.1	1.78+0.1	1.67+0.2	1.45-0.0	1.46-0.1	1.57+0.0	1.53+0.2	1.37
Debt-to-Equity	1.17+0.1	1.05-0.0	1.07-0.1	1.220.0	1.22+0.2	1.07-0.0	1.10-0.1	1.24
FCF Margin	1.4%+0.7pp	0.7%-18.7pp	19.4%+9.9pp	9.4%+10.5pp	-1.1%-8.0pp	6.9%-9.4pp	16.3%+20.1pp	-3.8%

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Frequently Asked Questions

What is Build-A-Bear Workshop Inc's annual revenue?

Build-A-Bear Workshop Inc (BBW) reported $496.4M in total revenue for fiscal year 2025. This represents a 2.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Build-A-Bear Workshop Inc's revenue growing?

Build-A-Bear Workshop Inc (BBW) revenue grew by 2.1% year-over-year, from $486.1M to $496.4M in fiscal year 2025.

Is Build-A-Bear Workshop Inc profitable?

Yes, Build-A-Bear Workshop Inc (BBW) reported a net income of $51.8M in fiscal year 2025, with a net profit margin of 10.4%.

What is Build-A-Bear Workshop Inc's earnings per share (EPS)?

Build-A-Bear Workshop Inc (BBW) reported diluted earnings per share of $3.80 for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Build-A-Bear Workshop Inc's gross margin?

Build-A-Bear Workshop Inc (BBW) had a gross margin of 54.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Build-A-Bear Workshop Inc's net profit margin?

Build-A-Bear Workshop Inc (BBW) had a net profit margin of 10.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Build-A-Bear Workshop Inc's return on equity (ROE)?

Build-A-Bear Workshop Inc (BBW) has a return on equity of 34.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Build-A-Bear Workshop Inc's free cash flow?

Build-A-Bear Workshop Inc (BBW) generated $27.8M in free cash flow during fiscal year 2025. This represents a -39.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Build-A-Bear Workshop Inc's operating cash flow?

Build-A-Bear Workshop Inc (BBW) generated $47.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Build-A-Bear Workshop Inc's total assets?

Build-A-Bear Workshop Inc (BBW) had $308.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Build-A-Bear Workshop Inc's capital expenditures?

Build-A-Bear Workshop Inc (BBW) invested $19.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Build-A-Bear Workshop Inc buy back shares?

Yes, Build-A-Bear Workshop Inc (BBW) spent $31.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Build-A-Bear Workshop Inc have outstanding?

Build-A-Bear Workshop Inc (BBW) had 13M shares outstanding as of fiscal year 2025.

What is Build-A-Bear Workshop Inc's current ratio?

Build-A-Bear Workshop Inc (BBW) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.

What is Build-A-Bear Workshop Inc's debt-to-equity ratio?

Build-A-Bear Workshop Inc (BBW) had a debt-to-equity ratio of 1.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Build-A-Bear Workshop Inc's return on assets (ROA)?

Build-A-Bear Workshop Inc (BBW) had a return on assets of 16.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Build-A-Bear Workshop Inc's Piotroski F-Score?

Build-A-Bear Workshop Inc (BBW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Build-A-Bear Workshop Inc's earnings high quality?

Build-A-Bear Workshop Inc (BBW) has an earnings quality ratio of 0.91x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Build-A-Bear Workshop Inc?

Build-A-Bear Workshop Inc (BBW) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.