BASSETT FURNITURE INDUSTRIES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BASSETT FURNITURE INDUSTRIES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	432	453	457	452	338	431	486	390	330	335
Cost of revenue	168	178	180	179	164	210	237	184	151	147
Gross profit	265	275	277	273	174	221	248	206	179	189
Selling, general and administrative					176	197	218	205	188	180
Operating income	28.2	27	14.1	-0.6	-17.5	24.3	34.9	-3.14	-16.3	7.83
Interest expense	0.55	0.23	0.06	0.01	0	0.03	0.04	0.02	0.03	0.05
Interest income	0.12	0.23	0.43	0.57	0.23	0.05	0.3	2.53	2.67	1.98
Other non-operating income	-1.98	-2.28	-2.25	-1.71	-0.74	-1.52	-1.07	-1.86	-0.74	-0.99
Pre-tax income	25.8	27.9	12.2	-1.74	-18	22.8	34.1	-2.49	-14.4	8.76
Income tax	9.95	9.62	3.99	0.19	-6.54	5.84	8.7	0.68	-4.68	2.66
Income from continuing operations					-17.5	16.9	25.4	-3.17	-9.7
Net income	15.8	18.3	8.22	-1.93	-10.4	18	65.3	-3.17	-9.7	6.1
EBITDA	40.4	40.3	27.3	12.9	-4.03	38.9	46.2	7.01	-6.35	16.6
EPS, basic	1.47	1.71	0.77	-0.19	-1.04	1.83	6.96	-0.36	-1.11	0.70
EPS, diluted	1.46	1.70	0.77	-0.19	-1.04	1.83	6.95	-0.36	-1.11	0.70
Shares, basic (weighted)	10.7	10.6	10.7	10.3	9.97	9.84	9.39
Shares, diluted (weighted)	10.9	10.7	10.7	10.3	9.97	9.84	9.4
Dividend per share	0.38	0.42	0.47	0.50	0.46	0.53	0.60	0.68	0.76	0.80

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	35.1	53.9	33.5	19.7	45.8	34.4	61.6	52.4	39.6	41.3
Short-term investments	23.1	23.1	22.6	17.4	17.7	17.7	17.7	17.8	20.4	18
Receivables	18.4	19.6	19.1	21.4	22.3	20.6	17.8	13.7	13.2	14.4
Inventory	53.2	54.5	64.2	66.3	54.9	78	85.5	63	55	61.8
Other current assets	10.7	8.19	9.19	11.7	10.3	10.2	11.5	8.48	9.24	7.22
Total current assets	141	159	149	137	161	180	196	158	142	146
Property, plant and equipment	105	103	105	102	90.9	69.2	77	84	77	73.2
Lease right-of-use assets				0	117	96	99.5	101	93.6	76.7
Goodwill	11.6	11.9	16	14.1	7.22	7.22	12.8	7.22	7.22	7.22
Intangible assets	3.28	2.96	3.1	2.72	2.34	0.23	0.23	0.18	6.97	6.91
Other non-current assets	7.61	5.38	6.49	5.34	5.64	5.95	6.05	6.89	7.91	8.27
Total assets	278	294	292	276	403	422	406	370	341	324
Accounts payable	21.3	21.8	27.4	23.7	23.4	24	20.4	16.3	13.3	14.7
Accrued liabilities	13.6	14.7	13	11.3	17	12.6	12.9	8.93	6.9	10.2
Deferred revenue			27.2	25.3	39.8	51.5	36	22.8	25.7	25
Short-term debt	3.29	3.41	0.29
Total current liabilities	77	83.4	81.8	72.3	118	134	101	77.9	73.4	77
Long-term debt	3.82	0.33
Lease liabilities				0	112	94.8	97.5	97.4	88.4	69.4
Other non-current liabilities	3.97	5.28	6.34	13	2.09	0.69	2.41	1.53	1.16	1
Total liabilities	97.6	102	101	97.1	245	259	211	187	174	159
Total debt	7.11	3.73	0.29
Paid-in capital	0.26	0.96	0	0.2	0	0.11	0	0.09	0.01	0
Retained earnings	129	139	140	129	110	116	151	139	123	121
Other comprehensive income	-2.55	-2.57	-2.34	-1.24	-1.39	-1.82	0.05	0.15	0.79	0.72
Shareholders' equity	181	191	190	179	158	163	196	183	167	165
Total equity	181	191	190	179	158	163	196	183	167	165
Total liabilities and equity	278	294	292	276	403	422	406	370	341	324
Shares outstanding	10.7	10.7	10.5	10.1	9.94	9.76	8.95	8.77	8.74	8.65

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	15.8	18.3	8.22	-1.93	-10.4	18	65.3	-3.17	-9.7	6.1
Depreciation and amortization	12.2	13.3	13.2	13.5	13.5	14.6	11.3	10.1	9.92	8.8
Deferred income tax	5.32	-0.3	4.66	-2.89	2.51	1.55	-2.34	0.83	-2.44	0.91
Change in receivables	3.23	-1.23	1.39	-2.62	-0.96	-5.83	3.17	4.1	0.56	-1.23
Change in inventory	6.68	-0.92	-8.31	-5.2	6.49	-26.1	-9.54	17.9	3.02	-9.21
Change in payables	-3.47	5.84	5.86	-1.1	5.97	2.15	-4.07	-9.19	-7.25	2.71
Cash from operations	39.1	37.1	29.9	9.81	36.7	14.6	-2.97	18.7	4.05	13.5
Capital expenditures	-21.5	-15.5	-18.3	-17.4	-6.03	-10.8	-21.3	-17.5	-5.21	-4.53
Acquisitions		-0.66	-15.6	0	0	0	-5.58	0	0
Purchases of investments			0	0	-0.3	0	0	-0.06	-2.59	-0.32
Cash from investing	-20.8	-6.99	-32	-11.2	-3.75	-11.6	65.8	-17.8	-8.77	-2.73
Debt issued	7.38
Stock issued	0.18	0.17	0.36	0.33	0.29	0.36	0.42	0.32	0.37	0.34
Share buybacks	-6.39	-0.08	-5.95	-7.35	-2.21	-5.57	-15.1	-4.18	-1.42	-2.15
Dividends paid	-6.31	-7.73	-8.8	-5.13	-4.54	-7.69	-20.2	-5.98	-6.65	-6.94
Cash from financing	-19.4	-11.3	-18.4	-12.4	-6.82	-14.4	-35.6	-10.2	-8.12	-9.04
Net change in cash	-1.12	18.8	-20.5	-13.8	26.1	-11.4	27.3	-9.22	-12.9	1.73
Free cash flow	17.6	21.6	11.6	-7.57	30.6	3.81	-24.3	1.24	-1.16	8.96
Interest paid	0.35	0.32	0.17	0.01	0.05	0.32		0.02	0.02	0.04
Income taxes paid	9.95	7.52	1.43	1.23	0.54	3.09	20.2	-0.26	-0.66	-0.38

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to May 30, 2026; growth uses fiscal years. Valuation uses the share price of $18.28 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	56.3%	Gross profit / revenue.
Operating margin	1.9%	Operating income / revenue.
EBITDA margin	4.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.4%	Pre-tax income / revenue.
Net margin	1.6%	Net income / revenue.
FCF margin	1.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	2.5%	Cash from operations / revenue.
Effective tax rate	30.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	3.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.7%	Net income / average total assets.
Return on invested capital (ROIC)	3.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	54.1%	Selling, general and administrative expense / revenue.
Capex / revenue	1.5%	Capital expenditures / revenue.
D&A / revenue	2.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-11.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-0.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	5.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-8.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	1.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 3y	-39.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 3y	-28.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 3y	-54.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y	-53.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	233.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	-18.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-21.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	5.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	10.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	11.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-1.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-5.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	0.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-5.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-7.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-4.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.97x	Current assets / current liabilities.
Quick ratio	0.95x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.77x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	48.2%	Total liabilities / total assets.
Working capital	$68.3M	Current assets - current liabilities.
Goodwill and intangibles / assets	4.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$149.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.05x	Revenue / average total assets.
Fixed asset turnover	4.63x	Revenue / average property, plant and equipment.
Inventory turnover	2.25x	Cost of revenue / average inventory.
Days inventory	162 days	365 x average inventory / cost of revenue.
Receivables turnover	26.5x	Revenue / average receivables.
Days sales outstanding	14 days	365 x average receivables / revenue.
Days payables	30 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	146 days	Days inventory + days sales outstanding - days payables.
FCF conversion	66.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	57.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.63	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$38.54	Revenue / diluted weighted shares.
FCF per share	$0.42	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.98	Cash from operations / diluted weighted shares.
Book value per share	$19.04	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$17.36	Tangible book value / shares outstanding.
Cash per share	$6.24	(Cash + short-term investments) / shares outstanding.
Payout ratio	126.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	189.9%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	45.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$158.3M	Share price x shares outstanding.
Enterprise value	$104.4M	Market cap + total debt - cash - short-term investments.
P/E	28.9x	Market cap / net income. Only when net income is positive.
P/S	0.48x	Market cap / revenue.
P/B	0.96x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.06x	Market cap / tangible book value, when positive.
P/FCF	43.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	18.7x	Market cap / cash from operations, when positive.
EV/Sales	0.31x	Enterprise value / revenue.
EV/EBIT	16.6x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.91x	Enterprise value / EBITDA, when both are positive.
EV/FCF	28.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.3%	Free cash flow / market cap.
Earnings yield	3.5%	Net income / market cap (the inverse of P/E).
Dividend yield	4.4%	Dividends paid over the period / market cap.
Shareholder yield	5.4%	(Dividends paid + share buybacks) / market cap.

What was BASSETT FURNITURE INDUSTRIES INC's revenue in fiscal 2025?

BASSETT FURNITURE INDUSTRIES INC reported revenue of $335.3M for fiscal 2025, 1.6% higher than the year before.

Was BASSETT FURNITURE INDUSTRIES INC profitable in fiscal 2025?

Yes. Net income was $6.1M, a net margin of 1.8%.

How much free cash flow did BASSETT FURNITURE INDUSTRIES INC generate in fiscal 2025?

Cash from operations of $13.5M minus capital expenditures of $4.5M left free cash flow of $9.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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