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From Home Furnishing Business
Beyond, Inc. Reports Financial Results for First Quarter 2025
April 28,
2025 by Karen Parrish in Business Strategy, Industry 
Beyond, Inc., owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, reported financial results for the first quarter ended March 31, 2025.
Adrianne Lee, president and chief financial officer of Beyond, commented, “While the previously disclosed decision to eliminate non-contributory SKUs and vendors led to lower revenue, we are steadfast in building a more stable foundation for profitability and growth. The sequential improvements we’ve seen—particularly in gross margin expansion and fixed cost reductions—underscore the intensity I expect in restoring the financial discipline critical to building a profitable growing business.”
Marcus Lemonis, executive chairman and principal executive officer, added, “Our first quarter results illustrate our team’s progress against the mandate to return to profitability including margin optimization, SKU rationalization, and fixed cost restructuring. The consistency we saw in the final weeks of the quarter through today in sales performance and marketing efficiency marks a tipping point. Coming out of the restructuring, we have a clear understanding of our levers to breakeven and generate a profit. With a newly right-sized cost structure, we believe we are within 60 days of transitioning to a revenue and gross profit growth playbook.”
Lemonis concluded, “We will deliver value to our customers across our family of brands through affordability, access to trusted top-tier brands, a better site experience, and new category rollouts, all while navigating current tariff and macroeconomic volatility with the strength of our diversified vendor base – domestic and international. This team is equipped and focused on our key guideposts to deliver revenue growth and profitability.”
First Quarter 2025 Results
Net revenue of $232 million, a decrease of 39.4% YoY*
Gross profit of $58 million, or 25.1% of net revenue, a 560 bps improvement YoY
Sales & Marketing expense of $31 million, or 13.5% of net revenue, a 430 bps improvement YoY
Technology and G&A expense of $41 million vs $50 million in 2024, a $9 million improvement YoY
Net loss of $40 million, including $17 million of non-core and non-cash expense
Diluted net loss per share of $0.74; Adjusted diluted net loss per share (non-GAAP) of $0.42
Adjusted EBITDA (non-GAAP) of ($13) million, a $35 million improvement YoY
Cash, cash equivalents, restricted cash, and inventory totaled $166 million at the end of the first quarter
*YoY represents year-over-year.
Earnings Webcast and Replay Information
Beyond will host a webcast to discuss its first quarter 2025 financial results and its strategic vision, key initiatives, and provide business updates on Tuesday, April 29, 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 April 28, 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.