BEYOND, INC. Files 2023 Annual Report on Form 10-K

TL;DR

<b>BEYOND, INC. has filed its 2023 10-K report detailing its financial performance and business operations.</b>

AI Summary

BEYOND, INC. (BBBY-WT) filed a Annual Report (10-K) with the SEC on February 23, 2024. BEYOND, INC. (formerly Overstock.com, Inc.) filed its 2023 Form 10-K on February 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 799 W. COLISEUM WAY, MIDVALE, UT 84047. BEYOND, INC. is incorporated in Delaware. The Standard Industrial Classification code is 5961 (RETAIL-CATALOG & MAIL-ORDER HOUSES).

Why It Matters

For investors and stakeholders tracking BEYOND, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of BEYOND, INC.'s financial health and strategic direction for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The report includes detailed financial statements and risk factors, offering insights into the company's operational landscape and potential challenges within the retail catalog and mail-order sector.

Risk Assessment

Risk Level: medium — BEYOND, INC. shows moderate risk based on this filing. The company operates in the retail catalog and mail-order houses sector (SIC 5961), which is subject to significant market competition and evolving consumer preferences, as indicated by its business classification.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand BEYOND, INC.'s performance and market position.

Key Numbers

• 20231231 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 20240223 — Filing Date (FILED AS OF DATE)
• 001-41850 — SEC File Number (SEC FILE NUMBER)
• 870634302 — IRS Number (IRS NUMBER)

Key Players & Entities

• BEYOND, INC. (company) — COMPANY CONFORMED NAME
• Overstock.com, Inc (company) — FORMER COMPANY
• DE (company) — STATE OF INCORPORATION
• UT (company) — STATE
• 8019473100 (dollar_amount) — BUSINESS PHONE
• 20231231 (date) — CONFORMED PERIOD OF REPORT
• 20240223 (date) — FILED AS OF DATE
• 5961 (company) — STANDARD INDUSTRIAL CLASSIFICATION

FAQ

Industry Context

BEYOND, INC. operates within the retail catalog and mail-order houses industry, a sector characterized by e-commerce competition and changing consumer purchasing habits.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file annual reports (10-K) detailing financial performance and business operations.

What Investors Should Do

1. Review BEYOND, INC.'s 2023 10-K for detailed financial statements and management discussion.
2. Analyze the company's SIC code (5961) to understand its market positioning and competitive landscape.
3. Note the former company name 'Overstock.com, Inc' for historical context.

Key Dates

• 2024-02-23: 10-K Filing — Annual report filing date for fiscal year ended 2023-12-31.

Year-Over-Year Comparison

This is the initial 10-K filing under the new name BEYOND, INC., following its previous filings as Overstock.com, Inc.

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value per share BYON New York Stock
• $0 — he Registrant's common stock, par value $0.0001, outstanding on February 16, 2024.

Filing Documents

• byon-20231231.htm (10-K) — 1920KB
• byon-20231231xexx21.htm (EX-21) — 16KB
• byon-20231231xexx231.htm (EX-23.1) — 2KB
• byon-20231231xexx234.htm (EX-23.4) — 2KB
• byon-20231231xexx311.htm (EX-31.1) — 12KB
• byon-20231231xexx312.htm (EX-31.2) — 12KB
• byon-20231231xexx313.htm (EX-31.3) — 12KB
• byon-20231231xexx321.htm (EX-32.1) — 6KB
• byon-20231231xexx322.htm (EX-32.2) — 6KB
• byon-20231231xexx323.htm (EX-32.3) — 6KB
• byon-20231231xexx97.htm (EX-97) — 42KB
• byon-20231231xexx993.htm (EX-99.3) — 269KB
• byon-20231231_g1.jpg (GRAPHIC) — 127KB
• 0001130713-24-000013.txt (&nbsp;) — 11845KB
• byon-20231231.xsd (EX-101.SCH) — 79KB
• byon-20231231_cal.xml (EX-101.CAL) — 118KB
• byon-20231231_def.xml (EX-101.DEF) — 320KB
• byon-20231231_lab.xml (EX-101.LAB) — 1042KB
• byon-20231231_pre.xml (EX-101.PRE) — 665KB
• byon-20231231_htm.xml (XML) — 1685KB

Risk Factors

Item 1A. Risk Factors 14

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 24

Cybersecurity

Item 1C. Cybersecurity 24

Properties

Item 2. Properties 25

Legal Proceedings

Item 3. Legal Proceedings 25

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 25 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26

Reserved

Item 6. Reserved 28

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 37

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 38

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 78

Controls and Procedures

Item 9A. Controls and Procedures 78

Other Information

Item 9B. Other Information 81

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 82

Executive Compensation

Item 11. Executive Compensation 82

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 82

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 82

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 82 Part IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 83

Form 10-K Summary

Item 16. Form 10-K Summary 87

Signatures

Signatures 88 Bed Bath & Beyond, Wamsutta, Welcome Rewards, and Overstock.com are registered trademarks of Beyond, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners. 3 SPECIAL CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report on Form 10-K and the documents incorporated herein by reference, and our other public documents and statements our officers and representatives may make from time to time, contain forward-looking statements within the meaning of the federal securities laws. These statements are therefore entitled to the protection of the safe harbor provisions of these laws. You can find many of these statements by looking for words such as "may," "would," "could," "should," "will," "expect," "anticipate," "predict," "project," "potential," "continue," "contemplate," "seek," "assume," "believe," "intend," "plan," "forecast," "goal," "estimate," or other similar expressions which identify these forward-looking statements. These forward-looking statements involve risks and uncertainties and relate to future events or our future financial or operating performance. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry and business, and on management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, you are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to assumptions, risks and uncertainties that are difficult to predict, and that actual results and outcomes may be materially different from the results or outcomes expressed or implied by any of our forward-looking statements for a variety of reasons, including among others: any difficulties we may encounter as a result of our reliance on third-parties that we do not co

BUSINESS

ITEM 1. BUSINESS The following description of our business contains forward-looking statements relating to future events or our future financial or operating performance that involve risks and uncertainties, as set forth above under "Special Note Regarding Forward-Looking Statements." Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors described in this Annual Report on Form 10-K, including those set forth above in the Special Cautionary Note Regarding Forward-Looking Statements or in Section 1A under the heading "Risk Factors" or elsewhere in this Annual Report on Form 10-K. Introduction Beyond, Inc. is an e-commerce expert with a singular focus: connecting consumers with products and services they love. As the owner of the iconic Bed Bath & Beyond brand and several other brands, we strive to curate an exceptional online shopping experience. Specializing in furniture and home furnishings, Bed Bath & Beyond is a premier online retailer, catering to customers in the United States and Canada. Our e-commerce platform, accessible through our mobile app, www.bedbathandbeyond.com, www.bedbathandbeyond.ca, and www.overstockgovernment.com collectively referred to as the "Website," serves as a gateway for those seeking a diverse array of top-tier, on-trend home products at competitive prices. From furniture, bedding, and bath essentials to patio and outdoor gear, area rugs, tabletop and cookware, dcor, storage and organization solutions, small appliances, and home improvement items – we offer an extensive range of furniture and home furnishings to elevate our customers' living spaces within the four corners of their home and the four corners of their property. Our company, based in Midvale, Utah, was founded as a Utah limited liability company ("LLC") in 1997, reorganized as a C corporation in the State of Utah in 1998, and reincorporated in Delaware in 2002. We launched our initial websi

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View this 10-K filing on SEC EDGAR