Tue, Apr 29, 9:01 PM (23 days ago)
**Beyond, Inc. (BYON) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $231.7 million, down 39.4% YoY due to a 46% decrease in orders delivered, partially offset by a 12% increase in average order value. - **Gross Profit:** $58.1 million, down 21.8% YoY, with a gross margin increase to 25.1% from 19.5% YoY, driven by merchandising actions and reduced carrier costs. - **Operating Loss:** $23.5 million, improved from $57.5 million YoY, with reduced operating expenses. - **Net Loss:** $39.9 million, improved from $73.9 million YoY. - **Cash Flow:** Net cash used in operating activities was $50.9 million, with $13.1 million used in investing activities and $19.5 million provided by financing activities. **Profit Margins:** - Gross margin improved to 25.1% from 19.5% YoY. - Operating expenses as a percentage of revenue decreased, with sales and marketing expenses down to 13.5% from 17.8% YoY. **Cash Flow and Earnings Changes:** - Cash flow from operations was negative $50.9 million, reflecting operational losses and changes in working capital. - Financing activities provided $19.5 million, primarily from equity sales. **Quarterly Performance Discussion:** - Revenue decline attributed to reduced website visits and macroeconomic factors. - Gross margin improvement due to merchandising actions and reduced carrier costs. - Operating expenses reduced through staff-related cost cuts. - Cash flow negatively impacted by operational losses and working capital changes. **Trends and Uncertainties:** - Continued monitoring of macroeconomic trends and geopolitical events. - Focus on improving operational efficiency and reducing costs. - Potential impacts from trade policies, tariffs, and global conflicts. **Future Operations Impact:** - Emphasis on expanding global loyalty program and enhancing customer engagement. - Strategic priorities include assortment curation and adding aspirational brands. - Potential investments in new business strategies, acquisitions, or technologies. **Key Metrics:** - **Revenue:** $231.7 million (down 39.4% YoY) - **Gross Profit:** $58.1 million (down 21.8% YoY) - **Operating Loss:** $23.5 million (improved from $57.5 million YoY) - **Net Loss:** $39.9 million (improved from $73.9 million YoY) - **Cash Flow from Operations:** -$50.9 million - **Gross Margin:** 25.1% (up from 19.5% YoY) - **Sales and Marketing Expenses:** 13.5% of revenue (down from 17.8% YoY)