Security
Bassett Furniture Industries, Incorporated Common Stock · BSET
BSETNASDAQCommon stockCurrentCIK 10329Updated Oct 6, 2026
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NASDAQ:BSET on TradingView ↗In the news
Bassett Announces Third Quarter Conference Call ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G/A - filed by VANGUARD CAPITAL MANAGEMENT LLC regarding BASSETT FURNITURE INDUSTRIES INC
SCHEDULE 13G/A - filed by BlackRock, Inc. regarding BASSETT FURNITURE INDUSTRIES INC
Other Events
Items 8.01, 9.01
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
SD filing
SCHEDULE 13G - filed by VANGUARD CAPITAL MANAGEMENT LLC regarding BASSETT FURNITURE INDUSTRIES INC
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 323,819,000Source | 341,170,000Source | 370,424,000Source | 406,273,000Source |
| Property, Plant and Equipment, NetUSD | 73,175,000Source | 77,047,000Source | 83,981,000Source | 77,001,000Source |
| GoodwillUSD | 7,217,000Source | 7,217,000Source | 7,217,000Source | 12,771,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,910,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 41,277,000Source | 39,551,000Source | 52,407,000Source | 61,625,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 14,410,000Source | 13,181,000Source | 13,736,000Source | 17,838,000Source |
| Inventory, NetUSD | 61,790,000Source | 54,965,000Source | 62,982,000Source | 85,477,000Source |
| Assets, CurrentUSD | 145,542,000Source | 141,539,000Source | 157,954,000Source | 196,495,000Source |
| Operating Lease, Right-of-Use AssetUSD | 76,727,000Source | 93,624,000Source | 100,888,000Source | 99,472,000Source |
| Other Assets, NoncurrentUSD | 8,269,000Source | 7,908,000Source | 6,889,000Source | 6,050,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 43,256,000Source | 43,681,000Source | 43,842,000Source | 44,759,000Source |
| Additional Paid in CapitalUSD | 0Source | — | — | — |
| Retained Earnings (Accumulated Deficit)USD | 121,128,000Source | 122,847,000Source | 139,354,000Source | 150,800,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 723,000Source | 793,000Source | 152,000Source | 50,000Source |
| Stockholders' Equity Attributable to ParentUSD | 165,107,000Source | 167,327,000Source | 183,441,000Source | 195,609,000Source |
| Additional Paid in Capital, Common StockUSD | — | 6,000Source | 93,000Source | 0Source |
| Liabilities and EquityUSD | 323,819,000Source | 341,170,000Source | 370,424,000Source | 406,273,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 76,984,000Source | 73,403,000Source | 77,890,000Source | 100,827,000Source |
| Operating Lease, Liability, CurrentUSD | 19,299,000Source | 18,050,000Source | 18,827,000Source | 18,819,000Source |
| Accounts Payable, CurrentUSD | 14,739,000Source | 13,303,000Source | 16,338,000Source | 20,359,000Source |
| Operating Lease, Liability, NoncurrentUSD | 69,353,000Source | 88,395,000Source | 97,357,000Source | 97,477,000Source |
| Other Liabilities, NoncurrentUSD | 996,000Source | 1,163,000Source | 1,529,000Source | 2,406,000Source |
| Additional Financial Items | ||||
| Short-term InvestmentsUSD | 17,963,000Source | 20,360,000Source | 17,775,000Source | 17,715,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 8,801,000Source | 9,918,000Source | 10,141,000Source | 11,309,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,229,000Source | -555,000Source | -4,102,000Source | -3,169,000Source |
| Increase (Decrease) in InventoriesUSD | 9,214,000Source | -3,016,000Source | -17,869,000Source | 9,536,000Source |
| Deferred Income Tax Expense (Benefit)USD | 912,000Source | -2,442,000Source | 831,000Source | -2,339,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 13,491,000Source | 4,050,000Source | 18,724,000Source | -2,970,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 5,582,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,730,000Source | -8,768,000Source | -17,763,000Source | 65,842,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 597,000Source | 972,000Source | 1,774,000Source | 40,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,530,000Source | 5,211,000Source | 17,489,000Source | 21,296,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 136,000Source | 161,000Source | 109,000Source | 19,000Source |
| Payments for Repurchase of Common StockUSD | 2,150,000Source | 1,420,000Source | 4,176,000Source | 15,122,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -9,035,000Source | -8,117,000Source | -10,227,000Source | -35,563,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,726,000Source | -12,856,000Source | -9,218,000Source | 27,251,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | -379,000Source | 658,000Source | 263,000Source | 20,176,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 58,000Source | 57,000Source | 57,000Source | — |
| DepreciationUSD | 8,743,000Source | 9,860,000Source | 10,084,000Source | 9,986,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 0Source | -962,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | 0Source | 0Source | 4,595,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | 0Source | 0Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | -7,000Source | -5,000Source | 4,595,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | 0Source |
| GoodwillUSD | 7,217,000Source | 7,217,000Source | 7,217,000Source | 12,771,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 5,409,000Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -9,695,000Source | -3,171,000Source | 34,865,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -9,695,000Source | -3,171,000Source | 25,360,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 39,985,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | 2,660,000Source | -4,675,000Source | 683,000Source | 8,702,000Source |
| InterestExpenseNonoperatingUSD | 52,000Source | — | — | — |
| Inventory Write-downUSD | 2,389,000Source | 5,001,000Source | 4,626,000Source | 3,648,000Source |
| Investment Income, InterestUSD | 1,979,000Source | 2,673,000Source | 2,528,000Source | 302,000Source |
| Net Income (Loss) Attributable to ParentUSD | 6,100,000Source | -9,695,000Source | -3,171,000Source | 65,345,000Source |
| Other Nonoperating Income (Expense)USD | -994,000Source | -744,000Source | -1,859,000Source | -1,067,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | 0Source |
| Proceeds from Issuance of Common StockUSD | 335,000Source | 371,000Source | 318,000Source | 424,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 0Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 335,280,000Source | 329,923,000Source | 390,136,000Source | 485,601,000Source |
| Cost of RevenueUSD | 146,598,000Source | 150,508,000Source | 183,648,000Source | 237,262,000Source |
| Selling, General and Administrative ExpenseUSD | 180,357,000Source | 187,527,000Source | 205,227,000Source | 218,069,000Source |
| Operating Income (Loss)USD | 7,827,000Source | -16,269,000Source | -3,135,000Source | 34,865,000Source |
| Other Nonoperating Income (Expense)USD | -994,000Source | -744,000Source | -1,859,000Source | -1,067,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 8,760,000Source | -14,370,000Source | -2,488,000Source | 34,062,000Source |
| Income Tax Expense (Benefit)USD | 2,660,000Source | -4,675,000Source | 683,000Source | 8,702,000Source |
| Net Income (Loss) Attributable to ParentUSD | 6,100,000Source | -9,695,000Source | -3,171,000Source | 65,345,000Source |
| Earnings Per Share, BasicUSD per share | 0.7Source | -1.11Source | -0.36Source | 6.96Source |
| Earnings Per Share, DilutedUSD per share | 0.7Source | -1.11Source | -0.36Source | 6.96Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | 9,394,873Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | 9,402,980Source |
| Interest Expense (non-operating)USD | 52,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 58,000Source | 57,000Source | 57,000Source | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.8Source | 0.76Source | 0.68Source | 0.6Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 0Source | -962,000Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 5,409,000Source | 0Source |
| Gross ProfitUSD | 188,682,000Source | 179,415,000Source | 206,488,000Source | 248,339,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -9,695,000Source | -3,171,000Source | 34,865,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -9,695,000Source | -3,171,000Source | 25,360,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 0.7Source | -1.11Source | -0.36Source | 2.7Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 0.7Source | -1.11Source | -0.36Source | 2.7Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 39,985,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 0Source | 0Source | — |
| Interest ExpenseUSD | — | 30,000Source | 22,000Source | 38,000Source |
| Investment Income, InterestUSD | 1,979,000Source | 2,673,000Source | 2,528,000Source | 302,000Source |