Bassett Furniture Industries Inc
bassettfurniture.comWhat Do They Do?
Designs, makes and sells custom upholstered, wood and leather furniture to consumers through its stores and to independent furniture retailers and interior design firms.
10-K for FY2025, filed Feb 5, 2026Approximately 60% of our wholesale sales arise from our network of 86 Company-owned and licensee-owned Bassett Home Furnishings (“BHF”)…View ↗
Bassett also has a significant traditional wholesale business with more than 1,000 open market accounts. Most of the open market sales are…View ↗
We have factories in Newton, North Carolina that manufacture both stationary and motion upholstered furniture for inside the home along…View ↗
How Do They Make Money?
Custom upholstery is its largest business: wholesale buyers have 30 to 60 days to pay, while store customers put down a deposit when ordering and pay the balance when furniture is delivered.
10-K for FY2025, filed Feb 5, 2026
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10-K for FY2025, filed Feb 5, 2026
FY2025 revenue by product or service ↗
$335.3M
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10-K for FY2025, filed Feb 5, 2026
$335.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bassett Custom Upholstery
Sold outright
10-K for FY2025, filed Feb 5, 2026 |
58%
FY2022: 59%
|
Bassett Custom Upholstery, FY2025
$194.2M Sources
|
Sold outright |
|
Bassett Leather
Sold outright
|
7.6%
FY2022: 7.8%
|
Bassett Leather, FY2025
$25.6M Sources
|
Sold outright |
|
Bassett Custom Wood
Sold outright
10-K for FY2025, filed Feb 5, 2026 |
13%
FY2022: 14%
|
Bassett Custom Wood, FY2025
$44.2M Sources
|
Sold outright |
|
Bassett Casegoods
Sold outright
10-K for FY2025, filed Feb 5, 2026 |
13%
FY2022: 11%
|
Bassett Casegoods, FY2025
$42.1M Sources
|
Sold outright |
|
Accessories, Mattresses and Other
Sold outright
|
8.7%
FY2022: 7.9%
|
Accessories, Mattresses and Other, FY2025
$29.2M Sources
|
Sold outright |
Who Are Their Customers?
Consumers buy directly through Bassett's company-owned stores or website. Licensee-owned stores and independent furniture retailers buy wholesale, and Bassett also serves interior design firms through its wholesale sales network.
10-K for FY2025, filed Feb 5, 2026Approximately 60% of our wholesale sales arise from our network of 86 Company-owned and licensee-owned Bassett Home Furnishings (“BHF”)…View ↗
Bassett also has a significant traditional wholesale business with more than 1,000 open market accounts. Most of the open market sales are…View ↗
We consider our website to be the front door to our brand experience where customers can research our furniture and accessory offerings and…View ↗
The wholesale segment is involved principally in the design, manufacturing and sourcing of furniture products that are distributed through…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.
10-K for FY2025, filed Feb 5, 2026
$7.8MView ↗
10-K for FY2025, filed Feb 5, 2026
$6.1MView ↗
10-K for FY2025, filed Feb 5, 2026
$9MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Sep 30, 2026
Open tableView ↗
Shrinking. Revenue fell 22% in 4 years, from $430.9M in FY2021 to $335.3M in FY2025, about 6% a year.
Exit from Noa Home
Bassett added Noa Home as an e-commerce furniture business, then exited it after deciding it would not reach profitability and completing its liquidation.
10-K for FY2022, filed Jan 24, 2023 10-K for FY2025, filed Feb 5, 2026During the fourth quarter of fiscal 2022 we acquired Noa Home Inc. (“Noa Home”), a mid-priced e-commerce furniture retailer headquartered…View ↗
During the fourth quarter of fiscal 2022 we acquired Noa Home Inc. (“Noa Home”). A mid-priced e-commerce furniture retailer headquartered…View ↗
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