Beyond(US:BYON)2025-10-27 20:02Financial Performance - Net loss narrowed to $4.5 million, a 93% improvement year-over-year, while Adjusted EBITDA loss improved 85% to $4.9 million[2] - Consolidated net loss improved by $57 million year-over-year, with a diluted net loss per share of $0.07[11] - Consolidated net loss for the nine months ended September 30, 2025, was $63,746 thousand, a significant improvement from a net loss of $177,536 thousand in the same period of 2024[18] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(26,242) thousand, compared to $(116,132) thousand in 2024[30] - Free cash flow for the nine months ended September 30, 2025, was $(55,461) thousand, an improvement from $(163,954) thousand in 2024[30] - Net cash used in operating activities for the nine months ended September 30, 2025, was $(50,212) thousand, compared to $(152,625) thousand in 2024[30] Revenue and Customer Metrics - Net revenue for Q3 2025 was $257 million, a decrease of 17.4% year-over-year, but a 13.2% decrease when excluding the impact from the exit from Canada[11] - Net revenue for the three months ending September 30, 2025, was $257 million, a decrease from $296 million in the same period of 2024[27] - Active customers decreased to 4,151 thousand as of September 30, 2025, down from 5,961 thousand in 2024[23] - Last twelve months (LTM) net revenue per active customer increased to $259 from $248 year-over-year[23] - Total orders delivered in the three months ended September 30, 2025, were 1,254 thousand, compared to 1,569 thousand in 2024[23] - Average order value rose to $205 in the three months ended September 30, 2025, up from $199 in 2024[23] Cost Management and Efficiency - Gross margin improved by 420 basis points to 25.3%, and sales & marketing expenses decreased by 260 basis points to 14% of revenue[3] - Operating expenses decreased by $13 million year-over-year, with total operating expenses at $77.6 million for Q3 2025[11] - The company expects year-over-year revenue trends to turn positive in 2026, supported by an additional $20 million in operating expense efficiencies[5] Strategic Investments and Future Plans - The company raised $113 million through its at-the-market offering to strengthen the balance sheet and pursue new strategic investments[6] - The company invested an additional $3 million in GrainChain and purchased Kirkland's intellectual property for $10 million[6] - The company aims to become the 'Everything Home' company, focusing on home-centric technology and products[4] Impact of Market Changes - The company discontinued sales through its Canadian website on July 4, 2025, impacting revenue comparisons[27]