Build-A-Bear Workshop Inc SEC Filings

Build-A-Bear Workshop, Inc. has a significant institutional holder in Divisadero Street Capital Management, LP and related entities. They report beneficial ownership of 996,407 shares of Build-A-Bear common stock, representing 7.7% of the class as of 12/11/2025. Within this total, Divisadero Street Partners, L.P. directly owns 721,578 shares, or 5.6% of the common stock.

The reporting persons have no sole voting or dispositive power over these shares, but share both voting and dispositive power across the group. All of the reported securities are held in advisory client accounts of Divisadero Street Capital Management, LP, and they state that the position is not held for the purpose of changing or influencing control of Build-A-Bear, indicating a passive investment approach.

Build-A-Bear Workshop, Inc. reported higher sales but mixed profit trends for the thirteen and thirty-nine weeks ended November 1, 2025. Quarterly revenue rose to $122.7 million from $119.4 million, driven mainly by higher net retail sales and growth in commercial wholesale activity. However, quarterly net income dipped to $8.1 million from $9.9 million as selling, general and administrative costs rose faster than sales, leaving diluted EPS at $0.62 versus $0.73 a year ago.

For the first thirty-nine weeks of fiscal 2025, revenue increased to $375.3 million from $346.0 million, while net income improved to $35.8 million, up from $30.1 million, with diluted EPS climbing to $2.73 from $2.20. EBITDA for the period grew to $56.1 million from $49.9 million, reflecting stronger gross margins, particularly in the direct-to-consumer segment, which represented 92% of third-quarter revenue. The company continued expanding its global footprint to 375 corporately-managed stores, 168 partner-operated locations, and 108 franchised stores, while returning cash to shareholders through $17.5 million of share repurchases and $8.7 million of dividends year-to-date.

Build-A-Bear Workshop, Inc. had a new ownership report filed by Divisadero Street Capital Management, LP, its affiliate Divisadero Street Capital, LLC, and principal William Zolezzi. They report beneficial ownership of 835,929 shares of Build-A-Bear common stock, representing 6.4% of the outstanding class as of the reported date.

The filing states that all of these shares are directly owned by advisory clients of Divisadero Street Capital Management, LP, and that no individual client is deemed to hold more than 5% of the common stock. The reporting persons certify that the shares were acquired and are held on a passive basis, not for the purpose of changing or influencing control of Build-A-Bear.

Build-A-Bear Workshop, Inc. filed an amended current report to correct a prior disclosure about its latest quarterly results. The amendment is being made solely to add a second earnings table that was accidentally left out of the original report.

The company had previously issued a press release on December 4, 2025, covering financial results for its fiscal quarter ended November 1, 2025, and that release is included as Exhibit 99.1. Build-A-Bear notes that the release contains both GAAP and non-GAAP financial measures, which management uses to highlight underlying business trends, while cautioning that these non-GAAP metrics should not replace GAAP results.

The information in the results section and the press release is being furnished rather than filed, which means it is not subject to certain liability provisions under securities laws or automatically incorporated into other securities law documents.

Build-A-Bear Workshop, Inc. filed a report announcing that it has released financial results for its 2025 fiscal quarter ended November 1, 2025. The detailed numbers and commentary are provided in a press release dated December 4, 2025, which is included as Exhibit 99.1.

The company explains that it uses both GAAP and certain non-GAAP financial measures in presenting its results, aiming to highlight underlying trends by excluding items that may not reflect core operations. It also includes the usual caution about forward-looking statements, noting that actual outcomes may differ due to various risks and uncertainties and stating it has no obligation to update such statements.

Build-A-Bear Workshop, Inc. (BBW) announced a quarterly cash dividend of $0.22 per share.

The dividend will be paid on January 8, 2026 to shareholders of record as of the close of business on November 26, 2025. This update was communicated alongside a press release filed as Exhibit 99.1.

Build-A-Bear Workshop (BBW): Director stock sale disclosed. Director Lesli Rotenberg reported two open‑market sales totaling 1,000 shares on 10/13/2025 pursuant to a Rule 10b5‑1 trading plan entered on July 7, 2025.

The transactions were 650 shares at a weighted average price of $60.9854 (prices ranged from $60.39 to $61.23) and 350 shares at a weighted average price of $61.9857 (prices ranged from $61.94 to $62.04). Following these sales, she directly holds 7,969 shares of common stock and 1,856 shares of restricted stock. The holdings are reported as direct ownership.

Build-A-Bear Workshop, Inc. (BBW) director Craig Leavitt reported sales of a total of 4,000 shares of common stock on 10/06/2025 under a pre-established Rule 10b5-1 trading plan entered on 07/01/2025. The sales were executed in multiple transactions at weighted average prices of $60.4459 and $61.0299, with individual trade prices ranging from $59.86 to $61.39. After these dispositions, Mr. Leavitt directly beneficially owns 61,667 unrestricted shares and 2,475 restricted shares (total reported beneficial ownership 64,142 shares).

The Form 4 is signed by an attorney-in-fact and discloses the sales were made pursuant to the 10b5-1 plan, indicating the transactions were preplanned rather than opportunistic post-knowledge trades. The filer offers to provide detailed per-price breakdowns on request.

Lesli Rotenberg, a director of Build-A-Bear Workshop, Inc. (BBW), reported sales under a Rule 10b5-1 trading plan entered on 07/07/2025. On 10/06/2025 she sold a total of 1,000 shares in two batches: 941 shares at a weighted average price of $59.9143 (individual trades ranged $59.55–$60.52) and 59 shares at a weighted average price of $61.0407 (trades ranged $61.00–$61.24). After these dispositions she directly owns 8,969 common shares plus 1,856 restricted shares, totaling 10,825 shares.