| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 257.19 | 8.9% | 17.4% |
| Total Income | 257.19 | 8.9% | 17.4% |
| Expenditure | 269.64 | 10.2% | 24.0% |
| PBT | -4.29 | 77.5% | |
| Net Profit | -4.52 | 76.6% | 92.6% |
| OPM | -4.84% | 1.49pp | 9.14pp |
| NPM | -1.76% | 5.08pp | 17.84pp |
| EPS | -0.07 | 79.4% | 94.7% |
Bed Bath & Beyond Reports Q3 2025 Earnings, Net Loss Improved 93% YoY
04 May 2026 · 4 May, 8:47 am
Summary
Bed Bath & Beyond, Inc. reported its Q3 2025 financial results, highlighting substantial improvements in net loss and adjusted EBITDA. The company's net loss narrowed to $4.5 million, a 93% improvement year-over-year, and adjusted EBITDA loss improved by 85%. Gross margin also saw a significant improvement of 420 basis points. The company ended the quarter with over $200 million in cash, cash equivalents, restricted cash, and inventory.
Key Highlights
- 1
Bed Bath & Beyond's net loss narrowed to $4.5 million, reflecting a 93% improvement year-over-year.
- 2
Adjusted EBITDA loss improved by 85% to $4.9 million, demonstrating progress towards sustainable profitability.
- 3
Gross margin improved by 420 basis points year-over-year, reaching 25.3%.
- 4
The company's cash, cash equivalents, restricted cash, and inventory totaled over $200 million at the end of the quarter.
- 5
Net revenue was $257 million, a decrease of 17.4% year-over-year.
- 6
Technology and G&A expenses decreased by $13 million compared to the previous year.
Management Comments
Marcus Lemonis
The third quarter marked substantial progress towards achieving profitability through outstanding metric performance as well as material progress at both tZERO and GrainChain, two important platforms driving our long-term goal of becoming the ‘Everything Home’ company. As the Company prepares for 2026, we expect year-over-year revenue trends to turn positive. We believe this upward trajectory, combined with margin consistency, an additional $20 million in operating expense efficiencies, and improved site conversion, position the Company to achieve its profitability objectives.
Adrianne Lee
We have made meaningful financial and operational progress this year. For the past seven quarters, we have delivered on our commitment to improve key business metrics critical to achieving profitability. I am pleased with both the narrowing of the year-over-year revenue decline in the quarter and the stabilization of key metrics we achieved. We recognize the necessity to generate more revenue while maintaining our disciplined approach to profitability.”
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