Shares of Barnes & Noble stock price fell more than 20% on July 21, 2025, after the company disclosed delays in filing its annual report due to accounting errors. An internal investigation revealed that the company may have overstated accounts receivable by up to $23 million, raising concerns about the accuracy of its financial reporting. The company also admitted it expects to identify at least one material weakness in internal controls, suggesting its disclosure procedures were ineffective for multiple fiscal years.
On September 12, 2025, Barnes & Noble announced a delay filing its Form 10-Q for the period ending August 2, 2025, primarily due to the previously disclosed internal investigation.
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