Beyond(US:BYON)2025-04-29 01:02Financial Performance - Revenue for Q1 2025 was $231.7 million, a decrease of 39% compared to Q1 2024[6, 10] - Gross margin in Q1 2025 was 25.1%, an increase of 560 bps compared to Q1 2024[6, 15] - Adjusted EBITDA for Q1 2025 was -$13 million, an improvement of $35 million compared to Q1 2024[6, 27] - Adjusted Diluted EPS for Q1 2025 was -$0.42, an increase of $0.80 compared to Q1 2024[6] - G&A and Tech Expense was $41 million, a decrease of $9 million or 18% compared to Q1 2024[6, 23] - Adjusted G&A and Tech Expense was $38 million, a decrease of $11 million or 22% compared to adjusted Q1 2024[23] Operational Metrics - Orders delivered (LTM) were 6.4 million, a decrease of 24.9% or 2.1 million compared to Q1 2024[32] - Average order value was $194, an increase of 12% compared to Q1 2024[32] - Active customers (LTM) were 4.8 million, a decrease of 20.9% or 1.3 million compared to Q1 2024[35] - Order frequency was 1.34, a decrease of 5.1% compared to Q1 2024[35]