Bassett Furniture Industries Incorporated (BSET)

Name: Bassett Furniture Industries Incorporated Financial Statements
Creator: Quarter Results

Consumer Cyclical | Furnishings Fixtures Appliances

Latest reporting period: 2025-05-31

Latest Quarter

2025-05-31

Revenue

$84.3M

Net Income

$1.9M

Operating Margin

3.0%

Free Cash Flow

$9.0M

Debt / Assets

151.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Bassett Furniture Industries Incorporated (BSET).
Income Statement (Quarterly)	2025-05-31	2025-03-01	2024-11-30	2024-08-31
Revenue	84,348,000	82,162,000	84,340,000	75,619,000
Cost of Revenue	37,439,000	35,332,000	36,645,000	35,526,000
Gross Profit	46,909,000	46,830,000	47,695,000	40,093,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	44,412,000	44,375,000	45,494,000	45,210,000
Operating Expenses	44,412,000	44,375,000	46,788,000	45,210,000
Operating Income	2,497,000	2,455,000	907,000	-6,357,000
Interest Expense	0	0	30,000	0
Income Before Tax	2,596,000	2,555,000	1,220,000	-5,774,000
Income Tax Expense	678,000	701,000	-1,984,000	-1,269,000
Net Income	1,918,000	1,854,000	3,204,000	-4,505,000
Per Share
EPS	0.22	0.21	1.47	-0.51
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Bassett Furniture Industries Incorporated (BSET).
Income Statement (Annual)	2025-11-29	2024-11-30	2023-11-25	2022-11-26	2021-11-27
Revenue	335,280,000	329,923,000	390,136,000	485,601,000	486,534,000
Cost of Revenue	146,598,000	150,508,000	183,648,000	237,262,000	263,704,000
Gross Profit	188,682,000	179,415,000	206,488,000	248,339,000	222,830,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	180,357,000	187,957,000	205,227,000	218,069,000	196,831,000
Operating Expenses	180,357,000	195,684,000	205,723,000	218,069,000	196,831,000
Operating Income	7,827,000	-16,269,000	-536,000	25,675,000	25,999,000
Interest Expense	0	30,000	22,000	38,000	322,000
Income Before Tax	8,760,000	-14,370,000	-2,488,000	34,062,000	24,240,000
Income Tax Expense	2,660,000	-4,675,000	683,000	8,702,000	6,198,000
Net Income	6,100,000	-9,695,000	-3,171,000	25,360,000	18,042,000
Per Share
EPS	0.70	-1.11	-0.36	2.70	1.83
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Bassett Furniture Industries Incorporated (BSET).
Balance Sheet (Quarterly)	2025-11-29	2024-11-30	2023-11-25	2022-11-26
Assets
Cash and Cash Equivalents	41,277,000	39,551,000	52,407,000	61,625,000
Short Term Investments	17,963,000	20,360,000	17,775,000	17,715,000
Net Receivables	14,410,000	17,421,000	16,310,000	20,191,000
Inventory	4,070,000	54,965,000	62,982,000	85,477,000
Total Current Assets	145,542,000	141,539,000	157,954,000	196,495,000
Property Plant Equipment	22,881,000	170,671,000	184,869,000	176,473,000
Goodwill and Intangibles	14,127,000	14,185,000	16,067,000	21,727,000
Total Assets	105,102,000	341,170,000	370,424,000	406,273,000
Liabilities
Account Payables	14,739,000	13,303,000	16,338,000	20,359,000
Short Term Debt	19,299,000	18,050,000	19,073,000	18,819,000
Total Current Liabilities	76,984,000	73,403,000	77,890,000	100,827,000
Long Term Debt	69,353,000	88,395,000	97,357,000	97,477,000
Total Liabilities	158,712,000	173,843,000	186,983,000	210,664,000
Shareholders Equity
Retained Earnings	121,128,000	122,847,000	139,354,000	150,800,000
Total Shareholders Equity	165,107,000	167,327,000	183,441,000	195,609,000

Balance sheet annual history for Bassett Furniture Industries Incorporated (BSET).
Balance Sheet (Annual)	2025-11-29	2024-11-30	2023-11-25	2022-11-26	2021-11-27
Assets
Cash and Cash Equivalents	41,277,000	39,551,000	52,407,000	61,625,000	34,374,000
Short Term Investments	17,963,000	20,360,000	17,775,000	17,715,000	17,715,000
Net Receivables	14,410,000	17,421,000	16,310,000	20,191,000	36,547,000
Inventory	4,070,000	54,965,000	62,982,000	85,477,000	78,004,000
Total Current Assets	145,542,000	141,539,000	157,954,000	196,495,000	180,284,000
Property Plant Equipment	22,881,000	170,671,000	184,869,000	176,473,000	208,214,000
Goodwill and Intangibles	14,127,000	14,185,000	16,067,000	21,727,000	23,448,000
Total Assets	105,102,000	341,170,000	370,424,000	406,273,000	421,660,000
Liabilities
Account Payables	14,739,000	13,303,000	16,338,000	20,359,000	28,324,000
Short Term Debt	19,299,000	18,050,000	19,073,000	18,819,000	27,693,000
Total Current Liabilities	76,984,000	73,403,000	77,890,000	100,827,000	134,219,000
Long Term Debt	69,353,000	88,395,000	97,357,000	97,477,000	105,841,000
Total Liabilities	158,712,000	173,843,000	186,983,000	210,664,000	258,928,000
Shareholders Equity
Retained Earnings	121,128,000	122,847,000	139,354,000	150,800,000	115,631,000
Total Shareholders Equity	165,107,000	167,327,000	183,441,000	195,609,000	162,732,000

Cash flow quarterly history for Bassett Furniture Industries Incorporated (BSET).
Cash Flow Statement (Quarterly)	2025-11-29	2024-11-30	2023-11-25	2022-11-26
Operating Activities
Net Income	6,100,000	-9,695,000	-3,171,000	65,345,000
Depreciation & Amortization	8,801,000	10,141,000	10,141,000	11,309,000
Stock Based Compensation	0	0	849,000	538,000
Change in Working Capital	-6,517,000	-6,531,000	-135,000	-23,502,000
Operating Cash Flow	13,491,000	4,050,000	18,724,000	-2,970,000
Investing Activities
Capital Expenditure	-4,530,000	-5,211,000	-17,489,000	-21,296,000
Investments	-4,530,000	-5,211,000	-17,489,000	-21,296,000
Investing Cash Flow	-2,730,000	-8,768,000	-17,763,000	65,842,000
Financing Activities
Debt Repayment	-145,000	-253,000	-278,000	-684,000
Common Stock Issued/Repurchased	-1,815,000	-1,049,000	-3,858,000	-14,698,000
Dividends Paid	-6,939,000	-6,654,000	-5,982,000	-20,162,000
Financing Cash Flow	-9,035,000	-8,117,000	-10,227,000	-35,563,000
Summary
Free Cash Flow	8,961,000	-1,161,000	1,235,000	-24,266,000
Net Change in Cash	1,726,000	-12,856,000	-9,218,000	27,251,000

Cash flow annual history for Bassett Furniture Industries Incorporated (BSET).
Cash Flow Statement (Annual)	2025-11-29	2024-11-30	2023-11-25	2022-11-26	2021-11-27
Operating Activities
Net Income	6,100,000	-9,695,000	-3,171,000	65,345,000	18,042,000
Depreciation & Amortization	8,801,000	10,141,000	10,141,000	11,309,000	14,597,000
Stock Based Compensation	0	0	849,000	538,000	0
Change in Working Capital	-6,517,000	-6,531,000	-135,000	-23,502,000	-22,795,000
Operating Cash Flow	13,491,000	4,050,000	18,724,000	-2,970,000	14,563,000
Investing Activities
Capital Expenditure	-4,530,000	-5,211,000	-17,489,000	-21,296,000	-10,750,000
Investments	-4,530,000	-5,211,000	-17,489,000	-21,296,000	-10,750,000
Investing Cash Flow	-2,730,000	-8,768,000	-17,763,000	65,842,000	-11,571,000
Financing Activities
Debt Repayment	-145,000	-253,000	-278,000	-684,000	-1,348,000
Common Stock Issued/Repurchased	-1,815,000	-1,049,000	-3,858,000	-14,698,000	-5,203,000
Dividends Paid	-6,939,000	-6,654,000	-5,982,000	-20,162,000	-7,689,000
Financing Cash Flow	-9,035,000	-8,117,000	-10,227,000	-35,563,000	-14,417,000
Summary
Free Cash Flow	8,961,000	-1,161,000	1,235,000	-24,266,000	3,813,000
Net Change in Cash	1,726,000	-12,856,000	-9,218,000	27,251,000	-11,425,000