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Beyond Inc (BYON)
NYSE:BYON
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Beyond Inc
(NYSE:BYON)
50Neutral
Positive Factors
Cost Management
Beyond has essentially completed its endeavor to lower fixed costs, improve profitability, and grow its business, positioning the company to drive significant shareholder value in the next few years.
Operational Improvement
Adjusted EBITDA losses showed material improvement for the fifth consecutive quarter, showcasing the company’s operational discipline.
Profitability Strategy
Expanding gross margins accompanied by shrinking operating expenses is seen as a formula for success, reinforcing confidence in management's strategy.
Negative Factors
Capital Requirement
The company will need to raise additional capital in 2026 to support its operations.
Profitability Delay
As it may take longer to reach profitability given market headwinds and the impact of tariffs, the price target is lowered to $10 from $15.
Revenue Decline
Net revenue of $231.7M was down 39.4% y/y, below consensus of $288.1M, our estimate of $303.2M, and vs. guidance for a 'decline y/y'.
Beyond Inc (BYON) vs. S&P 500 (SPY)
Market Cap
$288.97M
Dividend YieldN/A
Average Volume (3M)2.98M
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue Growth-20.34%
EPS Growth43.05%
CountryUS
Employees610
SectorConsumer Cyclical
Sector Strength60
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.42
Shares Outstanding57,679,460
10 Day Avg. Volume3,095,667
30 Day Avg. Volume2,978,701
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)1.71
Price to Sales (P/S)0.00
P/FCF Ratio-1.26
Enterprise Value/Market Cap0.62
Enterprise Value/Revenue0.03
Enterprise Value/Gross Profit0.67
Enterprise Value/Ebitda-0.20
Forecast
1Y Price Target
$7.20Price Target Upside43.71% Upside
Rating ConsensusHold
Number of Analyst Covering8
Beyond Inc Business Overview & Revenue Model
Company DescriptionBeyond Inc (BYON) is a leading technology company specializing in innovative software solutions and cloud-based services. The company operates in the tech industry, focusing on developing cutting-edge applications and platforms that enhance business operations and improve user experiences. Beyond Inc's core products include enterprise software solutions, cloud computing services, and a suite of productivity tools designed for businesses of all sizes.
How the Company Makes MoneyBeyond Inc generates revenue primarily through the sale of its software licenses and subscriptions to its cloud-based services. The company offers a range of pricing tiers and packages to cater to different business needs, allowing for a steady stream of recurring income through its subscription model. In addition to direct sales, Beyond Inc partners with various technology resellers and service providers to expand its market reach. The company also engages in strategic partnerships with other tech firms to integrate its solutions with third-party applications, further enhancing its product offerings and creating additional revenue streams. These partnerships, along with its diverse product lineup, contribute significantly to Beyond Inc's financial performance.
Beyond Inc Financial Statement Overview
Summary
Beyond Inc. faces significant financial challenges, with declining revenues and profitability, and negative cash flows. Its high debt-to-equity ratio and negative net profit margin reflect increasing leverage and financial instability despite some positive equity ratio.Income Statement
Beyond Inc. has experienced a significant decline in revenue from 2021 to 2025. The TTM data shows negative net income, resulting in a negative net profit margin of -18.06%, indicating financial instability. The gross profit margin has also decreased, standing at 21.68% in the TTM, reflecting reduced profitability. The EBIT and EBITDA margins are negative, further highlighting operational challenges.45
Neutral
Balance Sheet
The balance sheet shows a declining stockholders' equity and a high debt-to-equity ratio of 0.22 in the TTM, reflecting increased leverage. However, Beyond Inc. maintains a positive equity ratio of 39.41% in the TTM, indicating some level of financial stability. The return on equity is negative due to consistent net losses, which is a concern for investors.55
Neutral
Cash Flow
The cash flow statement indicates negative trends, with substantial negative free cash flow growth. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting sales to cash. The free cash flow to net income ratio also remains negative, highlighting poor cash management.40
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.24B | 1.39B | 1.56B | 1.93B | 2.76B | 2.49B | Gross Profit |
| 269.90M | 290.16M | 314.01M | 443.34M | 623.90M | 571.36M | EBIT |
| -156.99M | -190.97M | -118.11M | 27.01M | 111.07M | 96.72M | EBITDA |
| -201.98M | -236.85M | -244.91M | -11.89M | 147.06M | 108.23M | Net Income Common Stockholders |
| -224.78M | -258.80M | -307.84M | -35.24M | 389.37M | 56.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 256.49M | 159.17M | 302.61M | 371.26M | 503.34M | 495.43M | Total Assets |
| 577.26M | 401.95M | 635.82M | 878.55M | 1.07B | 830.21M | Total Debt |
| 37.20M | 32.66M | 3.75M | 42.51M | 51.35M | 59.69M | Net Debt |
| -219.30M | -126.50M | -298.85M | -328.75M | -452.00M | -435.73M | Total Liabilities |
| 289.51M | 239.22M | 276.69M | 232.72M | 321.58M | 393.89M | Stockholders Equity |
| 287.75M | 162.73M | 359.13M | 645.83M | 744.39M | 373.69M |
| Cash Flow | Free Cash Flow | ||||
| -208.23M | -194.66M | -63.58M | -27.43M | 67.30M | 181.60M | Operating Cash Flow |
| -190.62M | -174.30M | -18.59M | -12.54M | 80.92M | 196.47M | Investing Cash Flow |
| 20.91M | 24.93M | -44.63M | -33.03M | -86.14M | -23.55M | Financing Cash Flow |
| 54.70M | 32.72M | -5.49M | -86.34M | -10.60M | 231.36M |
Beyond Inc Technical Analysis
Neutral
5.01
Price Trends
4.67
Positive
5.74
Negative
7.33
Negative
Market Momentum
-0.08
Negative
61.28
Neutral
84.91
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYON, the sentiment is Neutral. The current price of 5.01 is above the 20-day moving average (MA) of 4.06, above the 50-day MA of 4.67, and below the 200-day MA of 7.33, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 61.28 is Neutral, neither overbought nor oversold. The STOCH value of 84.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BYON.
Beyond Inc Risk Analysis
Beyond Inc disclosed 42 risk factors in its most recent earnings report. Beyond Inc reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beyond Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $16.33B | 43.90 | 101.78% | ― | 6.40% | 891.13% | |
61 Neutral | $6.92B | 11.84 | 3.00% | 3.95% | 2.60% | -21.94% | |
53 Neutral | $881.93M | ― | -8.86% | ― | -2.22% | 92.17% | |
52 Neutral | $434.74M | ― | -134.38% | ― | -23.23% | ― | |
50 Neutral | $288.97M | ― | -104.28% | ― | -20.34% | 43.05% | |
50 Neutral | $202.90M | ― | -24.64% | ― | -0.90% | 30.87% | |
43 Neutral | $307.92M | ― | -121.64% | ― | -17.68% | 46.68% |
* Consumer Cyclical Sector Average
Performance Comparison
BYON
Beyond Inc
5.16
-14.65
-73.95%
JMIA
Jumia Technologies AG
3.55
-2.52
-41.52%
CHWY
Chewy
39.49
22.66
134.64%
CHPT
ChargePoint Holdings
0.69
-1.16
-62.70%
BARK
BARK Inc Class A
1.30
-0.01
-0.76%
WOOF
Petco Health and Wellness Company
3.21
1.17
57.35%
Beyond Inc Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q1-2025)
| % Change Since: 19.86%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Neutral
The earnings call highlights a company in transition, with significant restructuring and strategic shifts aimed at long-term growth and profitability. While there are positive signs of margin improvement and strategic acquisitions, substantial revenue decline and ongoing losses suggest challenges remain.Q1-2025 Updates
Positive Updates
Restructuring and Transformation
Beyond, Inc. has undergone significant restructuring, with a focus on rebuilding and reimagining the company. This involved reducing the workforce by 65% to 70% and refocusing on customer experience and site improvements.
Gross Margin Improvement
The gross margin expanded to 25% for the quarter, a 560-basis-point improvement compared to the same period last year, and a 210-basis-point improvement sequentially.
AOV Increase
The average order value (AOV) increased to $194, which is a $21 increase year-over-year, driven by incentives for larger basket sizes.
Cash Position and Investments
The company ended the quarter with $166 million in cash, cash equivalents, restricted cash, and inventory. Significant investments include $8 million in Kirkland's Home and the acquisition of buybuy BABY for $5 million.
Introduction of New Brand Initiatives
The company acquired and is re-launching buybuy BABY, with plans to expand the brand's presence and product offerings.
Negative Updates
Revenue Decline
Revenue declined 39% year-over-year in Q1 2025, largely due to elimination of non-contributory SKUs and vendors, and prioritization of marketing efficiencies.
Continued Losses
The company reported an adjusted EBITDA loss of $13 million, a 72% improvement year-over-year but still indicating financial challenges.
Challenges in Marketing Efficiency
Sales and marketing expenses were reduced, yet there's acknowledgment that marketing efficiency is not yet at desired levels, indicating room for improvement.
Company Guidance
During the Q1 2025 earnings call for Beyond Incorporated, management highlighted several key metrics and guidance for the coming quarters. The company reported a significant restructuring over the past year, resulting in a 39% revenue decline year-over-year for Q1, but they achieved a gross margin of 25%, a 560-basis-point improvement from the previous year. Average order value increased to $194, while units per order and order frequency held steady. The company plans to transition from restructuring to growth within 60 days, aiming for sequential revenue improvements in Q2 and Q3 of 2025. They anticipate revenue growth driven by improved marketing efficiencies, with sales and marketing expenses targeted at 13.5% to 14.75% of revenue in the short term. The company also aims to achieve a margin profile of 24% to 26% in the short term, with a long-term goal of 27%. They have a roadmap to reach breakeven EBITDA, requiring approximately $1.2 billion in annualized revenue at a 25% margin with 13% sales and marketing expenses. Additionally, Beyond Incorporated plans strategic investments in buybuy BABY and Kirkland’s, focusing on brand activation and omnichannel growth strategies. Management is optimistic about exploiting blockchain assets for additional value and mitigating potential tariff impacts through diversified sourcing.Beyond Inc Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Beyond Inc Expands Credit Facility with Kirkland’s
Positive
May 12, 2025
On May 7, 2025, Beyond, Inc. and Kirkland’s, Inc. entered into an Amended and Restated Term Loan Credit Agreement, expanding Beyond’s credit facility with Kirkland’s by $5.2 million. This agreement allows Beyond to convert outstanding loans into Kirkland’s common stock, subject to certain conditions, and aims to strengthen Kirkland’s financial position and support its store conversion strategy. Additionally, Beyond plans to purchase Kirkland’s trademarks, enhancing its brand portfolio, and has amended existing agreements to increase collaboration fees and update licensing terms. These strategic moves are expected to enrich Beyond’s intellectual property portfolio and unlock new revenue streams.
The most recent analyst rating on (BYON) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Beyond Inc stock, see the BYON Stock Forecast page.
Spark’s Take on BYON Stock
According to Spark, TipRanks’ AI Analyst, BYON is a Neutral.
Beyond Inc.’s overall stock score reflects significant financial and operational challenges, with declining revenues and profitability, and negative cash flows. The technical analysis indicates a bearish trend, while the valuation is constrained by a negative P/E ratio. The earnings call presents some optimism in restructuring and strategic initiatives, but the ongoing losses and financial instability weigh heavily on the overall score.
To see Spark’s full report on BYON stock, click here.
Executive/Board ChangesBusiness Operations and Strategy
Beyond Inc Appoints Debra Perelman to Board of Directors
Positive
Mar 17, 2025
On March 14, 2025, Beyond, Inc. appointed Debra G. Perelman, former CEO of Revlon, to its Board of Directors. Perelman brings over 27 years of experience in leadership and operations, particularly in the digital and consumer sectors, which is expected to bolster Beyond’s strategic transformation and growth. Her appointment is part of Beyond’s efforts to enhance its omnichannel strategy and drive long-term profitability and shareholder value.
Executive/Board ChangesBusiness Operations and Strategy
Beyond Inc Announces Major Leadership Changes for 2025
Positive
Mar 10, 2025
On March 8, 2025, Beyond, Inc. announced significant leadership changes with Marcus Lemonis appointed as Principal Executive Officer and Adrianne Lee as President & CFO, effective March 10, 2025. These appointments are part of Beyond’s strategic initiative to enhance profitability and leverage its blockchain investments, with a commitment to an annualized $15 million fixed cost reduction. The company also appointed Leah Putnam as Chief Accounting Officer and Alexander Thomas as Chief Operating Officer, aiming to drive its strategic priorities and return to growth.
M&A TransactionsBusiness Operations and Strategy
Beyond Inc Acquires Buy Buy Baby Brand
Positive
Feb 24, 2025
On February 21, 2025, Beyond, Inc. successfully completed the acquisition of the Buy Buy Baby brand from BBBY Acquisition Co. LLC, inclusive of assets, intellectual property, and associated goodwill, for $5 million. This strategic acquisition aims to enhance Beyond’s market reach by reuniting the Buy Buy Baby brand with Bed Bath & Beyond, thereby strengthening its customer proposition in key life stage shopping moments.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.