Bed Bath & Beyond, Inc. the e-commerce-focused owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, today announced its financial results for the third quarter ended 30 September 2025, marking the company's seventh consecutive quarter of operational improvement towards profitability.
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During the quarter, Bed Bath & Beyond reported a net loss of $4.5 million, a 93% improvement year-over-year, while Adjusted EBITDA improved by 85% to ($4.9 million). Gross margin strengthened by 420 basis points to 25.3%, and sales and marketing costs were reduced to 14% of net revenue, reflecting the company's continued operational efficiency. Technology and administrative expenses also decreased by $13 million.
"The third quarter marked substantial progress towards achieving profitability," said Marcus Lemonis, Executive Chairman and Principal Executive Officer. "We are encouraged by the positive trajectory of key financial and operational metrics and anticipate year-over-year revenue growth in 2026."
The company closed the quarter with a strong liquidity position of $202 million in cash, restricted cash, and inventory, supported by a $113 million raise through an ATM offering.
During the quarter, Bed Bath & Beyond also:
- Invested $3 million in GrainChain, its blockchain supply chain platform;
- Acquired the intellectual property of Kirkland's for $10 million;
- Continued to optimise operational performance across its retail and digital platforms.
- Operational highlights for Q3 included 4,151 active customers, an average order value of $205, and 1.30 orders per active customer.
Looking ahead, the company expects continued improvement in revenue, margin consistency, and site conversion, supported by its 'Everything Home' strategy, which encompasses technology, data, products, services, and PropTech solutions.
About Bed Bath & Beyond, Inc.
Bed Bath & Beyond, Inc., headquartered in Murray, Utah, is an e-commerce-focused retailer with ownership interests in several brands including Bed Bath & Beyond, Overstock, buybuy BABY, and Kirkland's Home. The company also maintains a blockchain asset portfolio including tZERO and GrainChain, supporting its mission to become the leading 'Everything Home' company.
More information:
Bed Bath & Beyond, Inc.
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www.investors.beyond.com
