Franklin Covey Co (FC) financial statements: income statement, balance sheet and cash flow

Franklin Covey Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Aug 31, 2025 · FY), Franklin Covey Co reported revenue of $267.1M (-7.0% year on year) and net income of $3.1M (-86.9% year on year).

Income statement

Franklin Covey Co income statement, fiscal years

Line item	Aug 31, 2025 · FY	Aug 31, 2024 · FY	Aug 31, 2023 · FY	Aug 31, 2022 · FY
Revenue	$267.1M	$287.2M	$280.5M	$262.8M
Cost of revenue	$63.5M	$66.2M	$67.0M	$60.9M
Gross profit	$203.6M	$221.1M	$213.5M	$201.9M
Selling, general, and administrative	$182.7M	$175.9M	$178.5M	$159.8M
Restructuring costs	$6.7M	$3.0M	—	—
Depreciation Expense	$4.1M	$3.9M	$4.3M	$4.9M
Goodwill Impairment	$4.4M	$4.2M	$4.3M	$5.3M
Income from operations	$5.7M	$33.0M	$26.4M	$23.7M
Interest income	$928.0K	$1.1M	$1.1M	$65.0K
Interest expense	($565.0K)	($1.1M)	($1.6M)	($1.7M)
Income before income taxes	$6.1M	$33.0M	$25.9M	$22.1M
Income tax provision	($3.0M)	($9.6M)	($8.1M)	($3.6M)
Earnings Per Share (Basic)	$0.24	$1.78	$1.30	$1.30
Earnings Per Share (Diluted)	$0.24	$1.74	$1.24	$1.27
Basic	12.9M	13.2M	13.6M	14.1M
Diluted	13.1M	13.5M	14.3M	14.6M
Net income	$3.1M	$23.4M	$17.8M	$18.4M
Foreign currency translation adjustments, net of income tax provision of $(21), $(11), and $(80)	($264.0K)	$219.0K	($445.0K)	($1.3M)
Comprehensive income	$2.8M	$23.6M	$17.3M	—

Franklin Covey Co income statement, quarters

Line item	May 31, 2026 · Q3	Feb 28, 2026 · Q2	Nov 30, 2025 · Q1	May 31, 2025 · Q3
Revenue	$67.8M	$59.6M	$64.0M	$67.1M
Cost of revenue	$17.7M	$14.4M	$15.7M	$15.8M
Gross profit	$50.1M	$45.3M	$48.4M	$51.3M
Selling, general, and administrative	$43.3M	$43.5M	$46.1M	$46.7M
Restructuring costs	$696.0K	$1.5M	$3.4M	$4.7M
Building exit costs	$143.0K	$455.0K	$674.0K	—
Depreciation	$1.2M	$1.1M	$1.1M	$1.0M
Amortization	$614.0K	$670.0K	$687.0K	$1.1M
Income (loss) from operations	$4.2M	($2.0M)	($3.7M)	($2.2M)
Interest income	$24.0K	$29.0K	$114.0K	$211.0K
Interest expense	($54.0K)	($92.0K)	($95.0K)	($135.0K)
Income (loss) before income taxes	$4.2M	($2.1M)	($3.6M)	($2.1M)
Income tax benefit (provision)	($1.1M)	$80.0K	$343.0K	$718.0K
Basic	$0.27	-$0.17	-$0.27	-$0.11
Diluted	$0.27	-$0.17	-$0.27	-$0.11
Basic	11.3M	11.4M	12.2M	12.9M
Diluted	11.5M	11.4M	12.2M	12.9M
Net income (loss)	$3.1M	($2.0M)	($3.3M)	($1.4M)
Foreign currency translation adjustments, net of income taxes of $0, $0, $0, and $0	($8.0K)	$76.0K	($206.0K)	$149.0K
Comprehensive loss	$3.1M	($1.9M)	($3.5M)	($1.3M)

Balance sheet

Franklin Covey Co balance sheet, fiscal years

Line item	Aug 31, 2025 · FY	Aug 31, 2024 · FY	Aug 31, 2023 · FY	Aug 31, 2022 · FY
Cash and cash equivalents	$31.7M	$48.7M	$38.2M	$60.5M
Accounts receivable, less allowance for credit losses of $2,929 and $3,015	$68.4M	$86.0M	$81.9M	$72.6M
Inventories	$5.2M	$4.0M	$4.2M	$3.5M
Prepaid expenses	$5.1M	$5.1M	$4.4M	$4.7M
Other current assets	$19.1M	$16.5M	$16.2M	$14.6M
Total current assets	$129.5M	$160.3M	$145.0M	$155.9M
Property and equipment, net	$14.3M	$8.7M	$10.0M	$9.8M
Intangible assets, net	$34.6M	$37.8M	$40.5M	$44.8M
Goodwill	$31.2M	$31.2M	$31.2M	$31.2M
Deferred income tax assets	$231.0K	$870.0K	$1.7M	$4.7M
Other long-term assets	$33.1M	$22.7M	$17.5M	$12.7M
Total assets	$242.9M	$261.5M	$245.9M	$259.2M
Current portion of notes payable	$823.0K	$835.0K	$5.8M	$5.8M
Accounts payable	$8.8M	$7.9M	$6.5M	$10.9M
Deferred subscription revenue	$106.5M	$101.2M	$95.4M	$85.5M
Customer deposits	$16.3M	$17.0M	—	—
Accrued liabilities	$24.8M	$32.5M	$28.3M	$34.2M
Total current liabilities	$157.3M	$162.5M	$151.6M	$153.8M
Other liabilities	$14.7M	$10.7M	$7.6M	$7.1M
Deferred income tax liabilities	$4.0M	$3.1M	$2.0M	$199.0K
Total liabilities	$176.0M	$178.4M	$167.3M	$176.3M
Common stock, $0.05 par value; 40,000 shares authorized, 27,056 shares issued	1.4M	1.4M	1.4M	1.4M
Additional paid-in capital	$230.3M	$231.8M	$232.4M	$220.2M
Retained earnings	$126.3M	$123.2M	$99.8M	$82.0M
Accumulated other comprehensive loss	($1.0M)	($768.0K)	($987.0K)	($542.0K)
Treasury stock at cost, 14,565 shares and 14,084 shares	-289.9M	-272.5M	-253.9M	-220.3M
Total shareholders’ equity	$66.9M	$83.1M	$78.7M	$82.8M
Total liabilities and shareholders' equity	$242.9M	$261.5M	$245.9M	$259.2M

Franklin Covey Co balance sheet, quarters

Line item	May 31, 2026	Feb 28, 2026	Nov 30, 2025	May 31, 2025
Cash and cash equivalents	$12.0M	$13.7M	$17.5M	$33.7M
Accounts receivable, less allowance for credit losses of $2,091 and $2,929	$50.3M	$50.2M	$59.1M	$49.8M
Inventories	$5.8M	$5.3M	$5.3M	$4.1M
Prepaid expenses and other current assets	$23.7M	$26.2M	$27.1M	$23.4M
Total current assets	$91.8M	$95.4M	$109.0M	$111.0M
Property and equipment, net	$12.6M	$13.2M	$13.5M	$9.9M
Intangible assets, net	$31.8M	$32.4M	$33.9M	$35.6M
Goodwill	$31.2M	$31.2M	$31.2M	$31.2M
Deferred income tax assets	$242.0K	$239.0K	$233.0K	$854.0K
Other long-term assets	$30.3M	$34.0M	$33.4M	$29.7M
Total assets	$198.0M	$206.5M	$221.3M	$218.3M
Current portion of notes payable	$0	$835.0K	$831.0K	$816.0K
Accounts payable	$6.4M	$6.6M	$5.5M	$6.2M
Deferred revenue	$93.0M	$97.9M	$96.0M	$83.5M
Customer deposits	$20.0M	$25.0M	$25.0M	$20.1M
Accrued liabilities	$20.7M	$21.8M	$21.4M	$21.5M
Total current liabilities	$140.1M	$152.2M	$148.7M	$132.3M
Other liabilities	$10.9M	$11.7M	$13.4M	$15.9M
Deferred income tax liabilities	$4.0M	$4.5M	$5.1M	$3.1M
Total liabilities	$155.1M	$168.4M	$167.3M	$152.7M
ommon stock, $0.05 par value; 40,000 shares authorized, 27,056 shares issued	1.4M	1.4M	1.4M	1.4M
Additional paid-in capital	$229.3M	$229.6M	$229.3M	$230.4M
Retained earnings	$124.1M	$121.0M	$123.0M	$121.9M
Accumulated other comprehensive loss	($1.2M)	($1.2M)	($1.2M)	($863.0K)
Treasury stock at cost, 15,756 shares and 14,565 shares	-310.6M	-312.8M	-298.4M	-287.2M
Total shareholders’ equity	$42.9M	$38.0M	$54.0M	$65.6M
Total liabilities and shareholders' equity	$198.0M	$206.5M	$221.3M	$218.3M

Cash flow statement

Franklin Covey Co cash flow statement, fiscal years

Line item	Aug 31, 2025 · FY	Aug 31, 2024 · FY	Aug 31, 2023 · FY	Aug 31, 2022 · FY
Net income	$3.1M	$23.4M	$17.8M	$18.4M
Depreciation and amortization	$8.5M	$8.2M	$8.6M	$10.2M
Amortization of capitalized curriculum development costs	$4.4M	$3.2M	$3.1M	$3.4M
Deferred income taxes	$1.5M	$1.9M	$4.7M	$121.0K
Stock-based compensation expense	$5.8M	$10.1M	$12.5M	$8.3M
Amortization of right-of-use operating lease assets	$610.0K	$760.0K	$834.0K	$913.0K
Decrease (increase) in accounts receivable, net	$17.5M	($3.8M)	($9.5M)	($2.4M)
Decrease (increase) in inventories	($1.2M)	$228.0K	($692.0K)	($1.0M)
Increase in prepaid expenses and other assets	($1.4M)	($1.4M)	($88.0K)	($2.7M)
Increase (decrease) in accounts payable and accrued liabilities	($5.8M)	$403.0K	($9.5M)	$4.4M
Increase in deferred revenue and customer deposits	$3.2M	$13.5M	$8.8M	$14.2M
Increase (decrease) in income taxes payable/receivable	($5.9M)	$3.5M	($195.0K)	$138.0K
Decrease in other liabilities	($1.2M)	($554.0K)	($687.0K)	($1.7M)
Net cash provided by operating activities	$29.0M	$60.3M	$35.7M	$52.3M
Purchases of property and equipment	($8.3M)	($3.7M)	($4.5M)	($3.2M)
Capitalized curriculum development costs	($7.6M)	($6.9M)	($9.0M)	($2.2M)
Acquisition of license/content rights	($1.1M)	($750.0K)	—	—
Net cash used for investing activities	($16.9M)	($11.3M)	($13.6M)	($5.3M)
Principal payments on notes payable	($835.0K)	($5.8M)	($13.3M)	($5.8M)
Principal payments on financing obligation	($3.1M)	($3.5M)	($3.2M)	($2.9M)
Purchases of common stock for treasury	($26.4M)	($30.7M)	($35.6M)	($23.9M)
Proceeds from sales of common stock held in treasury	$1.5M	$1.5M	$1.5M	$1.3M
Net cash used for financing activities	($28.8M)	($38.7M)	($44.2M)	($32.7M)
Effect of foreign currency exchange rates on cash and cash equivalents	($273.0K)	$141.0K	($296.0K)	($1.2M)
Net increase (decrease) in cash and cash equivalents	($17.0M)	$10.4M	($22.3M)	$13.1M
Cash and cash equivalents at beginning of the year	$48.7M	$38.2M	$60.5M	$47.4M
Cash and cash equivalents at end of the year	$31.7M	—	$38.2M	$60.5M
Cash paid for income taxes	$7.7M	$4.2M	$3.3M	$3.2M
Cash paid for interest	$496.0K	$1.1M	$1.5M	$1.7M
Acquisition of property and equipment and capitalized curriculum financed by accounts payable and accrued liabilities	$3.3M	$1.0M	—	—
Consideration for reacquired license rights from liabilities of seller	$168.0K	—	—	—
Acquisition of content rights financed by accounts payable and other liabilities	$678.0K	$750.0K	—	—

Franklin Covey Co cash flow statement, quarters

Line item	May 31, 2026 · YTD	Feb 28, 2026 · YTD	Nov 30, 2025 · Q1	May 31, 2025 · YTD
Net Income	($2.2M)	($5.3M)	($3.3M)	($1.3M)
Depreciation and amortization	$5.4M	$3.6M	$1.8M	$6.3M
Amortization of capitalized curriculum costs	$4.1M	$2.5M	$1.2M	$3.3M
Stock-based compensation	$5.6M	$4.1M	$1.4M	$5.7M
Deferred income taxes	$33.0K	$510.0K	$1.1M	$12.0K
Amortization of right-of-use operating lease assets	$640.0K	$450.0K	$247.0K	$392.0K
Gain on license obligation restructuring	($338.0K)	($338.0K)	—	—
Decrease in accounts receivable, net	$18.1M	$18.3M	$9.2M	$36.3M
Increase in inventories	($640.0K)	($161.0K)	($146.0K)	($42.0K)
Decrease in prepaid expenses and other assets	$4.3M	$668.0K	($399.0K)	$2.4M
Decrease in accounts payable and accrued liabilities	($4.1M)	($4.0M)	($6.2M)	($9.9M)
Decrease in deferred revenue and customer deposits	($12.0M)	($1.8M)	($2.7M)	($15.8M)
Decrease in income taxes payable/receivable	($734.0K)	($1.6M)	($1.6M)	($7.7M)
Decrease in other long-term liabilities	($661.0K)	($641.0K)	($514.0K)	($624.0K)
Net cash provided by operating activities	$17.5M	$16.4M	$98.0K	$19.0M
Purchases of property and equipment	($3.9M)	($2.8M)	($1.7M)	($4.0M)
Curriculum development costs	($5.1M)	($4.1M)	($2.0M)	($4.1M)
Reacquisition of license rights	$0	$0	$0	($324.0K)
Net cash used for investing activities	($9.0M)	($6.8M)	($3.8M)	($8.5M)
Proceeds from line of credit borrowings	$11.7M	$11.7M	—	—
Payments on line of credit borrowings	($11.7M)	($11.7M)	—	—
Payments on notes payable	($835.0K)	—	—	($835.0K)
Principal payments on financing obligation	$0	$0	$0	($2.9M)
Purchases of common stock for treasury	($28.1M)	($28.1M)	($10.7M)	($23.0M)
Proceeds from sales of common stock held in treasury	$876.0K	$558.0K	$289.0K	$1.1M
Net cash used for financing activities	($28.1M)	($27.6M)	($10.4M)	($25.6M)
Effect of foreign currency exchange rates on cash and cash equivalents	($126.0K)	$69.0K	($136.0K)	$87.0K
Net decrease in cash and cash equivalents	($19.7M)	($18.0M)	($14.2M)	($15.0M)
Cash and cash equivalents at the beginning of the period	$31.7M	$31.7M	$31.7M	$48.7M
Cash and cash equivalents at the end of the period	$12.0M	$13.7M	$17.5M	$33.7M
Cash paid for income taxes	$429.0K	$279.0K	$353.0K	$7.0M
Cash paid for interest	$202.0K	$146.0K	$68.0K	$428.0K
Acquisition of property and equipment and capitalized curriculum financed by accounts payable	$1.1M	$1.2M	$1.6M	$751.0K
Consideration for reacquired license rights from liabilities of seller	$0	$0	$0	$168.0K
Acquisition of right-of-use operating lease assets for operating lease liabilities	$310.0K	$310.0K	$310.0K	$6.3M
Acquisition of content rights financed by accrued liabilities and other liabilities	$0	—	—	$678.0K

Franklin Covey Co score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.