FRANKLIN COVEY CO SEC Filings

Franklin Covey reported a stronger quarter ended May 31, 2026, with revenue of $67.8 million, up slightly from $67.1 million a year earlier. Operating income improved to $4.2 million from a prior loss, and net income reached $3.1 million, or $0.27 per share, versus a loss of $1.4 million, or $(0.11) per share.

For the first three quarters of fiscal 2026, revenue was $191.5 million, down modestly from $195.8 million, and the company posted a net loss of $2.2 million. Operating cash flow remained solid at $17.5 million, but cash declined to $12.0 million after $28.1 million of share repurchases. Deferred revenue was $96.0 million with $157.1 million of remaining performance obligations, reflecting a substantial subscription and services backlog.

Franklin Covey reported third quarter fiscal 2026 revenue of $67.8 million, up slightly from $67.1 million a year ago. Net income improved to $3.1 million, or $0.27 per diluted share, compared with a loss of $1.4 million, helped by lower selling, general and administrative expenses and reduced restructuring costs.

Adjusted EBITDA rose 14% to $8.3 million, and consolidated deferred revenue increased 7% year-over-year to $96.0 million, indicating a growing base of contracted business. Year-to-date revenue was $191.5 million, down from $195.8 million, as Enterprise North America and Education both grew modestly in the quarter while international remained soft.

The company ended the quarter with $12.0 million in cash and total liquidity of over $74 million, including a fully available $62.5 million credit facility. Management revised fiscal 2026 revenue guidance to $260–$267 million, from $265–$275 million, citing service delivery timing shifts, state budget reductions affecting Education, and a challenging international environment, while maintaining Adjusted EBITDA guidance at $28–$31 million through cost discipline.

Franklin Covey Co. announced that it will host a conference call to review its third quarter 2026 financial results on Wednesday, July 1, 2026, at 5:00 p.m. ET (3:00 p.m. MT). The company expects to release its results after the market closes that same day.

Investors can listen via a live webcast or participate by telephone after completing an online registration process. A replay of the webcast will be available on the company’s website for at least 30 days.

Franklin Covey Co executive Holly Procter, President of the Enterprise Division, reported routine equity compensation activity in company common shares. She received a grant of 3,385 common shares at no cost as a signing bonus with one-third vesting. To cover associated tax obligations, 989 shares were disposed of through a tax-withholding mechanism at $23.30 per share. After these transactions, she directly holds 12,737 common shares of Franklin Covey.

FRANKLIN COVEY Co disclosed that Askeladden Capital Management LLC and Samir Patel jointly report beneficial ownership of 651,459 shares of Common Stock. The filing states this represents 5.3% of the class based on 11,552,552 shares outstanding as of December 31, 2025. The shares are reported with shared voting and shared dispositive power held by the reporting persons.

Franklin Covey Co. ownership filing: ROYCE & ASSOCIATES reports beneficial ownership of 1,042,625 shares of Common Stock, equal to 9.03% of the class as of 03/31/2026. Royce states these shares are held in the ordinary course of business and that one managed account, Royce Small-Cap Total Return Fund, holds 613,099 shares ( 5.31% ). The filing explains that investment discretion is exercised by Royce & Associates, LP on behalf of managed accounts and disclaims pecuniary interest and group attribution where noted.

Franklin Covey reported essentially flat quarterly revenue of $59.6M for the quarter ended February 28, 2026, but swung to a larger net loss of $1.98M, or $(0.17) per share, as restructuring and stock-based compensation costs increased.

Education Division revenue grew 16% to $17.5M, while Enterprise Division revenue slipped to $41.6M on prior-year macro headwinds and canceled government contracts. Subscription and subscription services revenue rose to $50.9M, and Adjusted EBITDA nearly doubled to $4.1M, helped by cost reductions.

For the first half, revenue was $123.7M and net loss $5.3M. Operating cash flow improved to $16.4M. The company repurchased 1.57M shares for $28.1M and ended the quarter with $13.7M in cash and full access to a $62.5M credit facility.

Franklin Covey director Robert A. Whitman reported a bona fide gift of 26,258 common shares. The transaction took place on April 7, 2026 at a reported price of $0.00 per share, reflecting that this was a charitable or personal transfer rather than a market sale.

After the gift, Whitman directly owns 681,719 common shares of Franklin Covey Co., indicating he remains a significant shareholder. Because this was a gift, it does not represent an open-market sale and provides limited insight into his view of the company’s stock.

Franklin Covey reported second quarter fiscal 2026 revenue of $59.6 million, essentially flat with last year, while posting a net loss of $2.0 million or $(0.17) per share. Despite the loss, profitability metrics and cash generation improved meaningfully.

Adjusted EBITDA nearly doubled to $4.1 million, driven by stronger performance in the Education Division, where revenue rose 16% to $17.5 million. Enterprise Division revenue declined to $41.6 million, as lower prior-year invoicing weighed on current subscription revenue, although Enterprise North America invoiced amounts grew 7% for the second quarter in a row.

Deferred revenue increased to $101.5 million, and free cash flow strengthened, with $13.2 million generated in the quarter and $9.5 million over the first half. The company repurchased approximately 947,000 shares for $17.0 million and ended the quarter with over $76 million of available liquidity while affirming full-year guidance for revenue of $265–$275 million and Adjusted EBITDA of $28–$33 million.