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MURRAY, Utah - Beyond, Inc. (NYSE:BYON), owner of Bed Bath & Beyond (OTC:BBBYQ) and other retail brands, saw its shares surge 15% after reporting second-quarter results that significantly exceeded analyst expectations, with substantial progress toward profitability.
The company reported a second-quarter adjusted loss of $0.22 per share, far better than the analyst estimate of a $0.35 loss. Revenue reached $282 million, surpassing the consensus estimate of $261.38 million. While revenue declined 29.1% year-over-year, it increased 22% sequentially from the first quarter of 2025.
Beyond’s stock jumped 15% following the announcement as investors responded positively to the company’s improved financial performance and progress toward profitability. The company’s net loss narrowed by 55% year-over-year, while adjusted EBITDA loss of $8 million represented a 78% improvement from the same period last year.
"Our second quarter results reflect substantial progress in stabilizing our business and delivering improved profitability. This gives me confidence in our ability to move from transformational efforts into executing growth initiatives," said Adrianne Lee, President and Chief Financial Officer of Beyond.
Gross profit margin improved significantly to 23.7%, a 360 basis point increase from the previous year. The company also demonstrated disciplined expense management, with sales and marketing expenses declining 320 basis points year-over-year to 13.5% of revenue, while technology and general administrative expenses fell by $9 million compared to 2024.
Beyond continues to focus on strengthening its e-commerce retail business while working to unlock value in its blockchain asset portfolio. The company highlighted its first small-format Bed Bath & Beyond Home store in Nashville, Tennessee, describing it as "a smart, scalable model that puts our iconic brands back in the heart of communities."
At the end of the second quarter, Beyond reported $156 million in cash, cash equivalents, restricted cash, and inventory.
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