Here are the 10-K annual reports from BAB Inc (BABB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BABB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BABB filings page.
BAB, Inc. reported modestly higher profit for the year ended November 30, 2025. Total revenue was $3.44 million, down 3.0% from $3.55 million in 2024, mainly from lower franchise, licensing and marketing fund revenues. System-wide sales across all franchised and licensed stores were $41.1 million versus $41.4 million a year earlier.
Net income rose to $559,000 from $525,000, with operating income improving to $722,000, or 21.0% of revenue, helped by lower marketing, employee benefit and professional fees. Earnings per share were $0.08, up from $0.07. The company ended the year with $2.15 million in cash, working capital of $1.91 million and no debt disclosed on the balance sheet.
BAB operates 60 franchised and 3 licensed bagel, muffin and coffee units in 18 states, with 4 more under development. The board declared total cash distributions/dividends of $0.06 per share during 2025 and continued a shareholder rights plan, extending its expiration to the sixteenth anniversary of the original 2013 agreement.