Beyond, Inc. Reports Financial Results for Fourth Qtr. & Full Year

February 25, 2025  by Karen Parrish in Business Strategy, Industry   

Marcus Lemonis, Executive Chairman of Beyond, commented, “We are exceeding our previously announced targets of margin improvement and fixed cost reductions, improved site experience, and the elimination of poor performing SKUs/vendors, which are all leading to our primary goal of making money. We will continue to make calibrated decisions to reset the base of the company and build a profitable foundation.”

Lemonis added, “We are excited by the progress we have made since November 1^st and are further encouraged by the sequential improvements that have continued through February. While there is still much work to do, we will continue to make the necessary difficult decisions, leverage technology innovation and utilize our resources and partnerships to create a solid foundation that we believe will deliver profitability and growth.”

Adrianne Lee, Chief Administrative and Financial Officer, commented, “Growing revenue is critical to our business, but it cannot come at the detriment of generating cash flow and delivering profitability. It’s vital for the company to re-establish the discipline we expect of profitable commerce, and the sequential improvement in gross margin and reduced fixed costs delivered in the fourth quarter was encouraging.”

Lee further added, “Fourth quarter Net loss was driven by almost $50 million of non-cash charges, primarily from non-core business activities, and $6 million of non-recurring items. Adjusted EBITDA loss of $28 million was a 43% improvement year-over year driven by a 380 basis point gross margin expansion, and we ended the year with a healthy cash and restricted cash balance of $186 million.”

Fourth Quarter 2024 Results*

Orders delivered of 1.7 million, a decrease of 34% year-over-year  
Active customers of 5.4 million, a decrease of 4% year-over-year  
Total net revenue of $303 million, a decrease of 21.1% year-over-year  
Gross profit of $70 million, or 23.0% of total net revenue  
Net loss of $81 million  
Diluted net loss per share of $1.66; Adjusted diluted net loss per share (non-GAAP) of $0.91  
Adjusted EBITDA (non-GAAP) of ($28) million, which represents (9.2)% of net revenue  
Cash, cash equivalents, and restricted cash totaled $186 million at the end of the fourth quarter

Full Year 2024 Results
Total net revenue of $1.4 billion, a decrease of 10.6% year-over-year  
Gross profit of $290 million or 20.8% of total net revenue  
Net loss of $259 million  
Diluted net loss per share of $5.56; Adjusted diluted net loss per share (non-GAAP) of $3.84  
Adjusted EBITDA (non-GAAP) of ($144) million, which represents (10.3)% of net revenue

Earnings Webcast and Replay Information
Beyond will host a webcast to discuss its fourth quarter and full year 2024 financial results and its strategic vision, key initiatives, and provide business updates on Tuesday, February 25, 2025, at 8:30 a.m. ET. To access the live webcast, visit https://investors.beyond.com. Questions may be emailed in advance of the call to ir@beyond.com.

A replay of the webcast will be available at https://investors.beyond.com shortly after the live event has ended.

On February 24, 2025, in connection with the release of financial results, the Company posted an updated presentation in the “Events & Presentation” portion of its investor relations website at https://investors.beyond.com.