UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41850 BEYOND, INC. (Exact name of registrant as specified in its charter) Delaware 87-0634302 (State or other jurisdiction of incorp ...

Beyond, Inc. (NYSE:BYON) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Allison Fletcher - Vice President of Legal and Acting General Counsel Marcus Lemonis - Executive Chairman Adrianne Lee - Chief Financial and Administrative Officer Dave Nielsen - President Conference Call Participants Jonathan Matuszewski - Jefferies Thomas Forte - Maxim Group Julio Marquez - Guggenheim Alexia Morgan - Piper Sandler Rick Patel - Raymond James Operator Ladies and gentlemen, thank you f ...

Q4 2024 Earnings Call February 25, 2025 4Q24 Earnings Call | Feb 2025 Forward-Looking Statements Forward-Looking Statements The information presented herein may contain forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include without limitation all statements other than statements of historical fact, including forecasts of our growth, path to profitability, plan to reduced fixed expenses, refinement of systems, technology, and data analytics, fina ...

Beyond (BYON) Q4 2024 Earnings Call February 25, 2025 08:30 AM ET Company Participants Allison Fletcher - VP - Legal & Acting General CounselMarcus Lemonis - Executive Chairman & Principal Executive OfficerAdrianne Lee - President & CFODave Nielsen - PresidentJonathan Matuszewski - Senior Vice PresidentJulio Marquez - Equity Research AssociateAlexia Morgan - Equity Research AssociateRick Patel - Managing Director Conference Call Participants Tom Forte - Managing Director & Senior Consumer Internet Analyst O ...

Company Performance - Beyond (BYON) reported a quarterly loss of $0.91 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.74, and an improvement from a loss of $1.22 per share a year ago, indicating a significant year-over-year change [1] - The company posted revenues of $303.15 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 7.22% and down from $384.46 million in the same quarter last year [2] - Over the last four quarters, Beyond has surpassed consensus EPS estimates only once, indicating challenges in meeting market expectations [2] Stock Movement and Outlook - Beyond shares have increased approximately 55% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.2% [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at -$0.58 for the coming quarter and -$1.78 for the current fiscal year, alongside expected revenues of $327.58 million and $1.4 billion respectively [7] Industry Context - The Internet - Commerce industry, to which Beyond belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable environment for companies within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Beyond's stock performance [5]

Financial Performance - Total net revenue for Q4 2024 was $303 million, a decrease of 21.1% year-over-year, with full year revenue at $1.4 billion, down 10.6% year-over-year[10]. - Net loss for Q4 2024 was $81 million, representing a 50% improvement compared to the previous year, while the full year net loss was $259 million[4][10]. - Adjusted EBITDA loss for Q4 2024 was $28 million, a 43% improvement year-over-year, with a gross margin expansion of 380 basis points[3][10]. - The net loss for the year ended December 31, 2024, was $258,795 thousand, a decrease from a net loss of $307,842 thousand in 2023, representing a 15.9% improvement[17]. - Free cash flow for the year ended December 31, 2024, was $(188,619) thousand, compared to $(37,767) thousand in 2023, indicating a worsening cash flow situation[30]. - Adjusted EBITDA for the year ended December 31, 2024, was $(143,984) thousand, compared to $(61,293) thousand in 2023, reflecting a significant increase in operational losses[30]. Customer Metrics - Active customers decreased by 4% year-over-year to 5.4 million, while orders delivered fell by 34% to 1.7 million[10]. - Active customers decreased to 5,415 thousand in the three months ended December 31, 2024, down from 5,612 thousand in the same period of 2023, reflecting a decline of 3.5%[24]. - Last twelve months (LTM) net revenue per active customer fell to $258 in 2024 from $278 in 2023, a decrease of 7.2%[24]. - Orders delivered dropped to 1,675 thousand in the three months ended December 31, 2024, compared to 2,549 thousand in 2023, a decline of 34.3%[24]. - Average order value increased to $181 in 2024 from $151 in 2023, showing a growth of 19.9%[24]. Cash and Liquidity - Cash, cash equivalents, and restricted cash totaled $186 million at the end of Q4 2024, down from $302 million at the end of Q4 2023[13]. - The company ended the year with a healthy cash balance, indicating a solid foundation for future operations[3][10]. - The company reported a net decrease in cash, cash equivalents, and restricted cash of $116,656 thousand for the year ended December 31, 2024, compared to a decrease of $68,708 thousand in 2023[19]. - Net cash used in operating activities increased significantly to $174,304 thousand in 2024 from $18,586 thousand in 2023, indicating a substantial cash outflow[17]. - The company raised $42,993 thousand from the sale of common stock in 2024, contributing to financing activities despite a net cash used in financing activities of $32,722 thousand[19]. Operational Efficiency - Operating expenses in Q4 2024 were reduced to $112.6 million, down from $138.4 million in the same quarter last year[14]. - The company is focused on margin improvement and fixed cost reductions, aiming to build a profitable foundation[3]. - Beyond, Inc. is ramping up its Overstock brand and refining its SKU/vendor strategy to drive growth and profitability[4].

Core Insights - Beyond, Inc. reported financial results for Q4 and full year 2024, highlighting a focus on margin improvement and cost reductions to achieve profitability [1][2] - The company experienced a 50% improvement in net loss and a 43% improvement in adjusted EBITDA year-over-year, driven by gross margin expansion and fixed cost reductions [6] - Despite these improvements, total net revenue decreased by 21.1% year-over-year in Q4, indicating ongoing challenges in revenue generation [7] Financial Performance - Q4 2024 net revenue was $303 million, down 21.1% from $384 million in Q4 2023 [7] - Gross profit for Q4 was $70 million, representing 23.0% of total net revenue, compared to $73.9 million in the same quarter last year [7] - The net loss for Q4 was $81 million, with a diluted net loss per share of $1.66 [7] - For the full year 2024, total net revenue was $1.4 billion, a decrease of 10.6% from $1.56 billion in 2023 [7] Operational Metrics - Orders delivered in Q4 totaled 1.7 million, a decrease of 34% year-over-year [7] - Active customers decreased by 4% year-over-year to 5.4 million [7] - The last twelve months (LTM) net revenue per active customer was $258, down from $278 in the previous year [19] Strategic Initiatives - The company is focusing on refining its SKU/vendor offerings and maintaining pricing discipline to enhance profitability [2][6] - Beyond is optimistic about the sequential improvements observed since November 2024, indicating a commitment to making necessary operational adjustments [2] - The acquisition of BuyBuyBaby and a material stake in Kirkland's Home are seen as strategic moves to drive growth and profitability [6]

Core Insights - Beyond, Inc. has successfully completed the acquisition of the Buy Buy Baby brand for a purchase price of $5 million, which includes various assets and intellectual property related to the brand [1][2] Company Overview - Beyond, Inc. is an ecommerce-focused affinity company based in Murray, Utah, owning brands such as Bed Bath & Beyond and Overstock, and aims to enhance customer experience through a comprehensive array of products and services [2] Strategic Implications - The acquisition of Buy Buy Baby is part of Beyond's strategy to expand market reach and strengthen its customer proposition by reuniting two iconic brands, which is expected to enhance shopping experiences during key life stages [2]

Core Viewpoint - Beyond, Inc. is hosting a live event to discuss the monetization of ownership through tokenization and provide business updates [1][2] Group 1: Company Overview - Beyond, Inc. is based in Murray, Utah, and focuses on e-commerce, owning brands like Bed Bath & Beyond and Overstock [3] - The company offers a wide range of products and services aimed at enhancing home potential through a data cooperative [3] Group 2: Event Details - The live event will be hosted by Marcus Lemonis, Executive Chairman of Beyond, on February 20, 2025, at 8:00 p.m. ET [2] - Participants can access the event via Marcus Lemonis's handle on X or through a provided link [2]

Core Points - Beyond, Inc. will host a live event on February 20, 2025, focusing on the topic of tokenization and its potential to monetize ownership and provide cash flow [1][2] - The event will be led by Marcus Lemonis, the Executive Chairman of Beyond, and will allow for live questions from participants [1][2] - Beyond, Inc. is an ecommerce-focused company that owns brands such as Bed Bath & Beyond and Overstock, aiming to enhance customer experiences through a data cooperative [3] Company Overview - Beyond, Inc. is based in Murray, Utah, and operates various retail brands, providing a wide range of products and services [3] - The company emphasizes its commitment to unlocking the potential of customers' homes through its extensive data resources [3] - Beyond regularly updates its stakeholders through its Newsroom and Investor Relations pages on its website [3]