BBBY BED BATH & BEYOND, INC.

Overview and Growth

BED BATH & BEYOND, INC. generated $1.04B of revenue in fiscal 2025. Revenue of $1.04B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 25.1% from $1.39B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$1.41, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 60.13M, linking total earnings with the per-share result received by shareholders. Compared with 46.54M diluted shares in fiscal 2024, the current 60.13M base was 29.2% higher. At period end, total assets were $425.48M, framing the scale of the company’s operating and financing commitments. Revenue equaled 2.46x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $257.52M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 24.7% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $61.21M, reflecting costs that exceeded gross profit. An operating margin of -5.9% reflected costs exceeding revenue-level gross profit by 5.9% of sales. The company reported negative EBITDA of $44.94M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The pretax result was a loss of $83.80M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 8.0%. The reported income-tax provision was $825.00K, the amount recognized between pretax income and the final net-income result.

Liquidity and Capital Structure

At period end, the $425.48M asset base was financed through $207.53M of liabilities and $217.94M of equity. At period end, current assets of $240.12M compared with current liabilities of $192.15M, defining the company’s short-term resource position. Current assets covered current liabilities by 1.25x, leaving a positive buffer for near-term obligations. The company held $175.29M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 91.2%, excluding receivables and other current assets. The equity-to-assets relationship was 51.2%, placing book capital against the total resource base. Relative to total assets, liabilities measured 48.8%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 41.2%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $401.95M in fiscal 2024, the current asset base moved 5.9% and finished higher. Reported equity changed 33.9% from $162.73M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 10.1% from $159.17M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $56.70M, rather than cash generation from operations. The company spent $7.41M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $64.11M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 6.1%. The cash deficit after capital spending represented 15.1% of the period-end asset base. Cash absorbed by operations decreased from $174.30M in fiscal 2024 to $56.70M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.