BEYOND, INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>BEYOND, INC. (formerly Overstock.com, Inc.) has filed its quarterly report (10-Q) for the period ending March 31, 2024.</b>

AI Summary

BEYOND, INC. (BBBY-WT) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. BEYOND, INC. (formerly Overstock.com, Inc.) filed a 10-Q report for the period ending March 31, 2024. The company's principal executive offices are located at 799 W. Coliseum Way, Midvale, UT 84047. The fiscal year end for BEYOND, INC. is December 31st. The filing is made under the Securities Exchange Act of 1934. The SEC file number for BEYOND, INC. is 001-41850.

Why It Matters

For investors and stakeholders tracking BEYOND, INC., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status for the first quarter of 2024. As a publicly traded company, BEYOND, INC. is required to submit regular filings like this 10-Q to ensure transparency and compliance with SEC regulations.

Risk Assessment

Risk Level: low — BEYOND, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags, indicating a routine disclosure.

Analyst Insight

Monitor future filings for detailed financial results and strategic updates from BEYOND, INC.

Key Numbers

• 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-08 — Filing Date (FILED AS OF DATE)
• 001-41850 — SEC File Number (SEC FILE NUMBER)
• 1231 — Fiscal Year End (FISCAL YEAR END)

Key Players & Entities

• BEYOND, INC. (company) — CONFORMED NAME
• OVERSTOCK.COM, INC (company) — FORMER CONFORMED NAME
• Midvale, UT (location) — BUSINESS ADDRESS CITY STATE
• 001-41850 (other) — SEC FILE NUMBER
• 1934 Act (regulation) — SEC ACT
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-05-08 (date) — FILED AS OF DATE

FAQ

Industry Context

BEYOND, INC. operates in the retail catalog and mail-order houses industry (SIC 5961).

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and management discussion.
2. Analyze any specific disclosures regarding revenue, expenses, and balance sheet items.
3. Compare the reported period's performance against previous periods and industry benchmarks.

Year-Over-Year Comparison

This is the first 10-Q filing for BEYOND, INC. under its current name for the period ending March 31, 2024. Previous filings were under the name Overstock.com, Inc.

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value BYON New York Stock Exchange
• $0 — he registrant's common stock, par value $0.0001, are outstanding on May 3, 2024.

Filing Documents

• byon-20240331.htm (10-Q) — 827KB
• byon-20240331xexx101.htm (EX-10.1) — 37KB
• byon-20240331xexx102.htm (EX-10.2) — 38KB
• byon-20240331xexx103.htm (EX-10.3) — 37KB
• byon-20240331xexx104.htm (EX-10.4) — 42KB
• byon-20240331xexx181.htm (EX-18.1) — 5KB
• byon-20240331xexx311.htm (EX-31.1) — 12KB
• byon-20240331xexx312.htm (EX-31.2) — 12KB
• byon-20240331xexx313.htm (EX-31.3) — 12KB
• byon-20240331xexx321.htm (EX-32.1) — 6KB
• byon-20240331xexx322.htm (EX-32.2) — 6KB
• byon-20240331xexx323.htm (EX-32.3) — 6KB
• 0001130713-24-000033.txt (&nbsp;) — 5600KB
• byon-20240331.xsd (EX-101.SCH) — 43KB
• byon-20240331_cal.xml (EX-101.CAL) — 57KB
• byon-20240331_def.xml (EX-101.DEF) — 158KB
• byon-20240331_lab.xml (EX-101.LAB) — 567KB
• byon-20240331_pre.xml (EX-101.PRE) — 374KB
• byon-20240331_htm.xml (XML) — 628KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 5 Consolidated Balance Sheets 5 Consolidated Statements of Operations 7 Consolidated Statements of Comprehensive Loss 8 Consolidated Statements of Changes in Stockholders' Equity 9 Consolidated Statements of Cash Flows 10 Notes to Unaudited Consolidated Financial Statements 11

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 32

Controls and Procedures

Item 4. Controls and Procedures 33

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 34

Risk Factors

Item 1A. Risk Factors 34

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 34

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 34

Other Information

Item 5. Other Information 34

Exhibits

Item 6. Exhibits 35 Signature 36 2 Table of Contents SPECIAL CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q and any 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. We intend for these statements to be 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, uncertainties, and other important factors 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 control for the performance of critical functions material to our business, such as carriers, fulfillment partners, and SaaS/IaaS providers; any inab

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) Beyond, Inc. Consolidated Balance Sheets (Unaudited) (in thousands, except per share data) March 31, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 256,323 $ 302,605 Restricted cash 171 144 Accounts receivable, net of allowance for credit losses of $ 1,381 and $ 1,298 23,087 19,420 Inventories 12,903 13,040 Prepaids and other current assets 12,960 14,864 Total current assets 305,444 350,073 Property and equipment, net 27,340 27,577 Intangible assets, net 31,081 25,254 Goodwill 6,160 6,160 Equity securities, including securities measured at fair value of $ 32,328 and $ 41,046 137,421 155,873 Operating lease right-of-use assets 2,762 3,468 Other long-term assets, net 12,584 12,951 Property and equipment, net held for sale 54,466 54,462 Total assets $ 577,258 $ 635,818 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 116,265 $ 106,070 Accrued liabilities 72,528 73,682 Unearned revenue 54,675 49,597 Operating lease liabilities, current 2,407 2,814 Current debt, net held for sale — 232 Total current liabilities 245,875 232,395 Operating lease liabilities, non-current 582 940 Other long-term liabilities 8,847 9,107 Long-term debt, net held for sale 34,207 34,244 Total liabilities 289,511 276,686 Commitments and contingencies (Note 10) Continued on the following page See accompanying notes to unaudited consolidated financial statements. 5 Table of Contents Beyond, Inc. Consolidated Balance Sheets (Unaudited) (in thousands, except per share data) March 31, 2024 December 31, 2023 Stockholders' equity: Preferred stock, $ 0.0001 par value, authorized shares - 5,000 , issued and outstanding - none — — Common stock, $ 0.0001 par value, authorized shares - 100,000 Issued shares - 52,210 and 51,770 Outstanding shares - 45,733 and 45,414 5 5 Additional paid-in capital 1,013,360 1,007,649 Accumulated deficit ( 555,599 ) (

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View this 10-Q filing on SEC EDGAR