Beyond, Inc. (NYSE:BYON) announced its financial results for the second quarter ended June 30, 2025, reporting a 29.1% year-over-year decrease in net revenue to $282 million, while simultaneously demonstrating enhanced profitability and reiterating its strategic emphasis on its e-commerce core and blockchain asset portfolio.
The company reported a gross profit of $67 million, representing 23.7% of net revenue, a 360 basis points improvement compared to the second quarter of 2024. Sales and Marketing expense decreased to $38 million, or 13.5% of net revenue, an improvement of 320 basis points year-over-year. Technology and General and Administrative expenses also saw a $9 million improvement, totaling $37 million compared to $46 million in the prior year’s period. The net loss for the quarter was $19 million, with a diluted net loss per share of $0.34 and an adjusted diluted net loss per share (non-GAAP) of $0.22. Adjusted EBITDA (non-GAAP) for the quarter improved by $28 million year-over-year, coming in at ($8) million.
Adrianne Lee, President and Chief Financial Officer of Beyond, stated, “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. We remain disciplined on deploying capital, delivering efficiencies, identifying growth opportunities and monetizing assets — laying the groundwork for sustainable value creation.”
Marcus Lemonis, Executive Chairman and Principal Executive Officer, added, “We continue to be laser focused on strengthening our core e-commerce retail business while actively unlocking value in our blockchain asset portfolio. With the newly signed into law GENIUS Act creating long-awaited regulatory clarity and consumer protections for digital assets, we believe the proprietary technology and innovative practices both tZERO and GrainChain bring to the business ecosystem are significant.”
Lemonis concluded, “Our strategic priorities remain unchanged, we continue to enhance our digital experience for our value-seeking customers while unifying our tech stack across our family of brands. We are excited about our first small-format Bed Bath & Beyond Home store in Nashville, Tennessee. It’s a smart, scalable model that puts our iconic brands back in the heart of communities.”
Key operational metrics for the second quarter of 2025 included 4,356 thousand active customers, with last twelve months (LTM) net revenue per active customer at $259. The company recorded 1,289 thousand orders delivered, with an average order value of $219. Orders per active customer stood at 1.32.
Beyond, Inc., based in Murray, Utah, is an e-commerce focused retailer that owns or has ownership interests in retail brands such as Bed Bath & Beyond, Overstock, and buybuy BABY, alongside a blockchain asset portfolio.
Beyond will host a webcast to discuss its second quarter 2025 financial results and strategic initiatives on Tuesday, July 29, 2025, at 8:30 a.m. ET. The webcast will be accessible via https://investors.beyond.com. A replay will be available on the same site shortly after the live event. Additionally, an updated presentation was posted on the company’s investor relations website on July 28, 2025.
