BASSETT FURNITURE INDUSTRIES INCBSETEarnings & Financial Report
Bassett Furniture Industries, Inc. is a furniture manufacturer and retailer, headquartered in Bassett, Virginia, United States. It was founded in 1902 by John D. Bassett, Charles C. Bassett, Samuel H. Bassett, and Reed L. Stone. Bassett Furniture is one of the oldest furniture manufacturers in Virginia. The company began when the founders, operating a family sawmill in the foothills of the Blue Ridge Mountains, decided to use surplus lumber to produce bedroom furniture. According to oral hist...
BSET Q3 FY2025 Key Financial Metrics
Revenue
$80.1M
Gross Profit
$45.0M
Operating Profit
$593.0K
Net Profit
$801.0K
Gross Margin
56.2%
Operating Margin
0.7%
Net Margin
1.0%
YoY Growth
5.9%
EPS
$0.09
BASSETT FURNITURE INDUSTRIES INC Q3 FY2025 Financial Summary
BASSETT FURNITURE INDUSTRIES INC reported revenue of $80.1M (up 5.9% YoY) for Q3 FY2025, with a net profit of $801.0K (up 117.8% YoY) (1.0% margin). Cost of goods sold was $35.1M, operating expenses totaled $44.4M.
Key Financial Metrics
| Total Revenue | $80.1M |
|---|---|
| Net Profit | $801.0K |
| Gross Margin | 56.2% |
| Operating Margin | 0.7% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
BASSETT FURNITURE INDUSTRIES INC Q3 FY2025 revenue of $80.1M breaks down across 4 segments, led by Retail Segment at $51.9M (64.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retail Segment | $51.9M | 64.8% |
| Bassett Custom Upholstery | $18.7M | 23.3% |
| Accessories Mattresses And Other | $6.9M | 8.6% |
| Bassett Custom Wood | $2.7M | 3.3% |
BASSETT FURNITURE INDUSTRIES INC Revenue by Segment — Quarterly Trend
BASSETT FURNITURE INDUSTRIES INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Retail Segment and Bassett Custom Upholstery) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q4 FY2024 | Q3 FY2024 |
|---|---|---|---|---|
| Retail Segment | $51.9M | — | $53.1M | — |
| Bassett Custom Upholstery | $18.7M | $20.0M | $19.2M | $17.9M |
| Accessories Mattresses And Other | $6.9M | $7.4M | $7.7M | $6.9M |
| Bassett Custom Wood | $2.7M | $3.3M | $4.1M | — |
BASSETT FURNITURE INDUSTRIES INC Annual Revenue by Year
BASSETT FURNITURE INDUSTRIES INC annual revenue history includes year-by-year totals (for example, 2023 revenue was $390.1M).
BASSETT FURNITURE INDUSTRIES INC Quarterly Revenue & Net Profit History
BASSETT FURNITURE INDUSTRIES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $80.1M | +5.9% | $801.0K | 1.0% |
| Q2 FY2025 | $84.3M | -2.5% | $1.9M | 2.3% |
| Q4 FY2024 | $92.1M | -2.7% | $508.0K | 0.6% |
| Q3 FY2024 | $75.6M | -13.3% | $-4.5M | -6.0% |
| Q1 FY2024 | $86.6M | -19.6% | $-1.2M | -1.4% |
| Q4 FY2023 | $94.7M | -21.7% | $-4.1M | -4.3% |
| Q3 FY2023 | $87.2M | -26.1% | $-2.6M | -3.0% |
| Q2 FY2023 | $100.5M | -21.9% | $2.1M | 2.1% |
Income Statement
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $100.5M | $87.2M | $94.7M | $86.6M | $75.6M | $92.1M | $84.3M | $80.1M |
| YoY Growth | -21.9% | -26.1% | -21.7% | -19.6% | -13.3% | -2.7% | -2.5% | 5.9% |
Balance Sheet
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $374.3M | $369.0M | $370.4M | $361.4M | $335.9M | $341.2M | $331.3M | $324.2M |
| Liabilities | $181.1M | $180.3M | $187.0M | $180.8M | $170.8M | $173.8M | $164.6M | $158.5M |
| Equity | $193.2M | $188.8M | $183.4M | $180.6M | $165.0M | $167.3M | $166.8M | $165.7M |
Cash Flow
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q3 2024 | Q3 2025 | |
|---|---|---|---|---|---|---|
| Operating CF | $5.8M | $3.8M | $8.5M | $-7.7M | $5.4M | $-1.2M |