What this is
How Build-A-Bear describes its licences, including Pokémon: limited terms that either party can end on notice.
How it’s built
- Read from Build-A-Bear Workshop’s annual report for 2025 filed with the US SEC: “contractual arrangements for limited terms that are terminable by either party upon specified notice”.
What we assumed
Nothing. The figure is used as published.
Sanity check
Pokémon is listed among its strategic brand relationships, but no rate or guarantee is given, and the licensor entity is not named.
Where it comes from
Build-A-Bear Workshop Form 10-K FY2025 Build-A-Bear Workshop (SEC EDGAR) · 16 April 2026 Open the original ↗
The line in the source
contractual arrangements for limited terms that are terminable by either party upon specified notice. Specificall y, we have key strategic relationships with select companies in which we feature their brands