Bassett Furniture Industries, Incorporated (BSET) Income Statement
BSET FY2025 at a glance
Fiscal year ended November 30, 2025 · U.S. dollarsBSET revenue and net income
Where BSET's revenue goes
FY2025Each bar shows an amount and its share of revenue. BSET kept 1.8% of revenue as net income.
BSET profit margins
BSET growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.6% | −11.6% | −0.1% | −2.5% |
| Gross profit | +5.2% | −8.8% | +1.6% | −2.8% |
| Operating income | — | −39.2% | — | −11.3% |
| Net income | — | −54.6% | — | −11.4% |
| EPS (diluted) | — | −32.2% | +8.3% | −7.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BSET quarterly EPS vs estimates
Bassett Furniture Industries beat the analyst EPS estimate in 6 of the last 8 quarters.
BSET income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.3M | $329.9M | $390.1M | $485.6M | $430.9M | $337.7M | $452.1M | $456.9M | $452.5M | $432.0M |
| Cost of revenue | $146.6M | $150.5M | $183.6M | $237.3M | $209.8M | $163.6M | $225.6M | $179.6M | $177.6M | $167.5M |
| Gross profit | $188.7M | $179.4M | $206.5M | $248.3M | $221.1M | $174.1M | $226.5M | $277.3M | $274.9M | $264.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $180.4M | $188.0M | $205.2M | $201.4M | $196.8M | $223.3M | $219.0M | $262.4M | $249.0M | $237.2M |
| Total operating expenses | $180.4M | $195.7M | $205.2M | $213.5M | $196.8M | $176.4M | $227.1M | $262.4M | $247.9M | $236.3M |
| Operating income | $7.8M | −$16.3M | −$3.1M | $34.9M | $24.3M | −$1.0M | −$595,000 | $14.1M | $27.0M | $28.2M |
| Interest income | $2.0M | $2.7M | $2.5M | $302,000 | $54,000 | $236,000 | $568,000 | $431,000 | — | — |
| Interest expense | $52,000 | $30,000 | $22,000 | $38,000 | $33,000 | $49,000 | $6,000 | $57,000 | $234,000 | $552,000 |
| Income before taxes | $8.8M | −$14.4M | −$2.5M | $34.1M | $22.8M | −$18.0M | −$1.7M | $12.2M | $27.9M | $25.8M |
| Income taxes | $2.7M | −$4.7M | $683,000 | $8.7M | $5.8M | −$6.5M | $188,000 | $4.0M | $9.6M | $9.9M |
| Net income | $6.1M | −$9.7M | −$3.2M | $65.3M | $18.0M | −$10.4M | −$1.9M | $8.2M | $18.3M | $15.8M |
| EBITDA | $17.6M | −$4.4M | −$3.1M | $44.1M | $37.4M | −$3.3M | $11.8M | $25.5M | $41.4M | $38.6M |
| EPS (diluted) | $0.70 | −$0.30 | −$0.47 | $2.25 | $1.83 | $0.47 | $0.46 | $0.97 | $1.58 | $1.38 |
| Gross margin | 56.3% | 54.4% | 52.9% | 51.1% | 51.3% | 51.6% | 50.1% | 60.7% | 60.8% | 61.2% |
| Operating margin | 2.3% | −4.9% | −0.8% | 7.2% | 5.6% | −0.3% | −0.1% | 3.1% | 6.0% | 6.5% |
| Net margin | 1.8% | −2.9% | −0.8% | 13.5% | 4.2% | −3.1% | −0.4% | 1.8% | 4.0% | 3.7% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.8M | $83.8M | $80.3M | $88.7M | $80.1M | $84.3M | $82.2M | $84.3M | $75.6M | $83.4M | $86.6M | $94.7M |
| Cost of revenue | $35.2M | $36.4M | $35.2M | $38.7M | $35.1M | $37.4M | $35.3M | $36.6M | $35.5M | $39.6M | $38.7M | $43.3M |
| Gross profit | $47.6M | $47.3M | $45.2M | $49.9M | $45.0M | $46.9M | $46.8M | $47.7M | $40.1M | $43.8M | $47.9M | $51.4M |
| Sales, general & admin | — | $44.6M | $43.9M | $46.5M | $44.4M | $44.4M | $44.4M | $45.5M | $45.2M | $46.7M | $50.2M | $50.5M |
| Total operating expenses | $44.7M | $44.6M | $43.9M | $47.7M | $44.4M | $44.4M | $44.4M | $46.8M | $46.5M | $52.2M | $50.2M | $55.9M |
| Operating income | $2.9M | $2.7M | $1.3M | $2.3M | $593,000 | $2.5M | $2.5M | $907,000 | −$6.4M | −$8.5M | −$2.4M | −$4.5M |
| Interest income | — | $446,000 | $553,000 | $427,000 | $472,000 | $521,000 | $559,000 | $598,000 | $692,000 | $627,000 | $756,000 | $884,000 |
| Interest expense | — | — | — | — | — | — | — | $30,000 | — | — | — | $21,000 |
| Income before taxes | $2.9M | $2.8M | $1.5M | $2.5M | $1.1M | $2.6M | $2.6M | $1.2M | −$5.8M | −$8.1M | −$1.7M | −$4.1M |
| Income taxes | $786,000 | $737,000 | $402,000 | $987,000 | $294,000 | $678,000 | $701,000 | −$2.0M | −$1.3M | −$910,000 | −$512,000 | −$28,000 |
| Net income | $2.1M | $2.0M | $1.1M | $1.5M | $801,000 | $1.9M | $1.9M | $3.2M | −$4.5M | −$7.2M | −$1.2M | −$4.1M |
| EBITDA | $5.2M | $5.0M | $3.8M | $6.1M | $3.2M | $4.8M | $4.8M | −$1.6M | −$2.8M | −$320,000 | $959,000 | −$192,000 |
| EPS (diluted) | $0.24 | $0.24 | $0.13 | $0.18 | $0.09 | $0.22 | $0.21 | $0.55 | −$0.52 | −$0.19 | −$0.14 | −$0.47 |
| Gross margin | 57.5% | 56.5% | 56.2% | 56.3% | 56.2% | 55.6% | 57.0% | 56.6% | 53.0% | 52.5% | 55.3% | 54.3% |
| Operating margin | 3.5% | 3.2% | 1.6% | 2.6% | 0.7% | 3.0% | 3.0% | 1.1% | −8.4% | −10.1% | −2.7% | −4.8% |
| Net margin | 2.5% | 2.4% | 1.4% | 1.7% | 1.0% | 2.3% | 2.3% | 3.8% | −6.0% | −8.6% | −1.4% | −4.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BSET's financial statements (latest annual report filed February 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BSET financial results
In fiscal year 2025 (ended November 30, 2025), Bassett Furniture Industries reported revenue of $335.3 million, up 1.6% from the year before. It had net income of $6.1 million, a net profit margin of 1.8%. Diluted earnings per share came to $0.70. Over five years revenue grew at an average rate of −0.1% a year.
See the BSET stock overview for the latest quote and news, or the BSET chart for price history and technical indicators.
BSET income statement FAQ
What is Bassett Furniture Industries's annual revenue?
Bassett Furniture Industries reported total revenue of $335.3 million for fiscal year 2025, which ended on November 30, 2025. That was up 1.6% from $329.9 million the previous year.
Is Bassett Furniture Industries profitable?
Yes. Bassett Furniture Industries reported net income of $6.1 million in fiscal 2025, a net profit margin of 1.8%; its operating margin was 2.3%.
What is Bassett Furniture Industries's gross margin?
Bassett Furniture Industries's gross margin was 56.3% in fiscal 2025: for every $100 of revenue, Bassett Furniture Industries kept $56 after the direct cost of its products and services.
How fast is Bassett Furniture Industries growing?
Revenue grew −0.1% a year on average over the last five fiscal years, from $337.7 million to $335.3 million.
What are Bassett Furniture Industries's earnings per share?
Bassett Furniture Industries earned $0.70 per diluted share in fiscal 2025, compared with $-0.30 a year earlier.
When does Bassett Furniture Industries's fiscal year end?
Bassett Furniture Industries's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on February 5, 2026.