Logo

BSET

Bassett Furniture Industries, Incorporated

BSET

Bassett Furniture Industries, Incorporated • NASDAQ
$15.53 ▼ -1.65% (-0.26)
Market Cap $134.89 M
52w High $19.75
52w Low $13.58
Dividend Yield 0.80%
P/E 17.26
Volume 20.25K
Outstanding Shares 8.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $80.103M ▼ $44.401M ▼ $801K ▼ 1% ▼ $0.093 ▼ $3.243M ▼
Q2-2025 $84.348M ▲ $44.412M ▲ $1.918M ▲ 2.274% ▲ $0.22 ▲ $4.828M ▲
Q1-2025 $82.162M ▼ $44.375M ▼ $1.854M ▼ 2.257% ▼ $0.21 ▼ $4.701M ▲
Q4-2024 $84.34M ▲ $46.788M ▲ $3.204M ▲ 3.799% ▲ $1.47 ▲ $-1.614M ▲
Q3-2024 $75.619M $46.45M $-4.505M -5.957% $-0.52 $-2.795M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $54.634M ▼ $324.241M ▼ $158.523M ▼ $165.718M ▼
Q2-2025 $59.818M ▲ $331.333M ▼ $164.557M ▼ $166.776M ▼
Q1-2025 $56.422M ▼ $335.786M ▼ $168.988M ▼ $166.798M ▼
Q4-2024 $59.911M ▲ $341.17M ▲ $173.843M ▲ $167.327M ▲
Q3-2024 $56.163M $335.862M $170.826M $165.036M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $801K ▼ $-1.177M ▼ $-1.796M ▼ $-2.047M ▲ $-5.02M ▼ $-2.639M ▼
Q2-2025 $1.918M ▲ $6.955M ▲ $-1.467M ▼ $-2.117M ▲ $3.371M ▲ $5.551M ▲
Q1-2025 $1.854M ▼ $-52K ▼ $-882K ▲ $-2.555M ▼ $-3.489M ▼ $-923K ▼
Q4-2024 $3.204M ▲ $6.373M ▲ $-3.139M ▼ $-1.985M ▲ $1.222M ▲ $5.882M ▲
Q3-2024 $-4.505M $-404K $-1.563M $-2.355M $-4.317M $-1.441M

Revenue by Products

Product Q2-2019Q3-2019Q4-2019Q2-2022
Furniture and Accessories
Furniture and Accessories
 $100.00M ▲$100.00M ▲$100.00M ▲$130.00M ▲
Logistical Services
Logistical Services
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Bassett’s sales have drifted down from their peak a few years ago, reflecting a cooler housing and furniture market after the pandemic surge. Profitability has been thin and quite volatile, swinging from solid gains to small losses, which shows how sensitive the business is to consumer spending and input costs. Gross margins are reasonable for a furniture maker, but operating margins are very tight, leaving little room for error when demand softens or costs rise. Recent results show a slight step back into loss-making territory, suggesting the company is currently in a tougher part of the cycle and still working to right-size its cost base.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative, with a modest amount of debt and a steady base of shareholder equity built up over time. Cash levels are not large but appear adequate for day‑to‑day needs, assuming conditions do not deteriorate sharply. Overall asset levels have edged down from earlier highs, which may reflect lower inventory, tighter working capital, or some pruning of the footprint. The company does not appear over‑leveraged, but it also does not have a large cash war chest, so balance sheet strength is solid but not bulletproof.

Cash Flow

Cash Flow Cash generation from the core business has been uneven, positive in some years and close to breakeven in others, mirroring the swings in earnings. Free cash flow has generally been modest, as Bassett continues to spend a manageable but steady amount on maintaining and modestly upgrading its stores and manufacturing base. The company seems disciplined with investment, avoiding large, risky capital projects, but this also limits how aggressively it can expand or transform the business. Overall, cash flow is adequate for a mature, cyclical company, yet not so strong that it can easily absorb prolonged downturns without careful cost and capital management.

Competitive Edge

Competitive Edge Bassett competes in a crowded furniture market against big-box retailers, online players, and import-heavy brands, yet it has carved out a niche through customization, design services, and a strong heritage brand. Its vertical integration—designing, manufacturing, and selling much of its product itself—helps control quality and lead times, especially for custom pieces. Domestic production and “made in America” positioning offer differentiation and quicker delivery versus import‑reliant rivals, but can also mean higher costs. The brand’s focus on service, custom design, and outdoor and premium collections strengthens its niche, while exposure to discretionary spending and fashion trends remains a structural vulnerability.

Innovation and R&D

Innovation and R&D Although not a traditional high‑tech or heavy R&D company, Bassett has been steadily modernizing how it designs, sells, and manufactures furniture. It uses data analytics to manage inventory, understand store performance, and tailor assortments, which can improve both customer relevance and efficiency. On the customer side, tools like 3D room planners, online customizers, and an improving e‑commerce experience aim to bring its design‑driven, consultative model into the digital world. Investments in domestic manufacturing, outdoor furniture capabilities, and finish technologies show a focus on faster custom delivery and product durability rather than headline‑grabbing tech. The innovation agenda is practical and operations‑oriented, aiming to sharpen its existing strengths rather than reinvent the business model overnight.

Summary

Bassett is a long‑established, niche furniture player that has combined American manufacturing, customization, and design services into a recognizable brand, but it operates in a very cyclical and competitive industry. Recent years show that while it can be nicely profitable in good times, its margins are thin enough that slower demand and cost pressure quickly push results toward breakeven or modest losses. The balance sheet and cash flow profile look prudent for a company of its size, yet not so strong that management can ignore economic cycles or competitive threats. Its main strategic opportunity lies in deepening its differentiated niche—custom, service‑heavy, omnichannel retailing—while continuing to improve efficiency and digital capabilities. The main risks are prolonged weakness in housing and discretionary spending, intense competition from lower‑cost and online players, and the challenge of sustaining profitability in a high‑cost, largely domestic manufacturing model.

NEWS

October 16, 2025 · 9:00 AM UTC

Bassett Announces Regular Quarterly Dividend

Read more

October 8, 2025 · 4:01 PM UTC

Bassett Reports Fiscal Year 2025 Third Quarter Results

Read more

September 30, 2025 · 9:00 AM UTC

Bassett Announces Third Quarter Conference Call

Read more