0001628280-26-052744 | 10-Q | XBRL Viewer

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INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	6 Months Ended
INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]
Intangible assets subject to amortization, gross	$ 5,644	$ 5,645
Less: accumulated amortization of intangible assets	(4,133)	(3,813)
Intangible assets subject to amortization, net	1,511	1,832
Intangible assets not subject to amortization	44,908	43,308
Total intangible assets, net	$ 46,419	$ 45,140
Weighted average remaining useful life	1 year 11 months 4 days

BUSINESS COMBINATIONS

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

BUSINESS COMBINATIONS

3. BUSINESS COMBINATIONS

Acquisition of The Brand House Collective, Inc.

On April 2, 2026 (the "Acquisition Date"), the Company completed the previously announced acquisition of The Brand House Collective, Inc. (“TBHC”) pursuant to the Agreement and Plan of Merger, dated as of November 24, 2025 (the “TBHC Merger Agreement”), by and among the Company, Knight Merger Sub II, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Knight Merger Sub”), and TBHC. Pursuant to the TBHC Merger Agreement, upon the terms and subject to the conditions set forth therein, Knight Merger Sub merged with and into TBHC, with TBHC surviving as a wholly owned subsidiary of the Company. The acquisition of TBHC strengthens the Company's presence in key categories of home décor and seasonal merchandise, while providing a flexible store base that can be integrated into the Company's broader platform.

Under the TBHC Merger Agreement, consideration includes conversion of each share of common stock, no par value, of TBHC (the "TBHC Common Stock") that was issued and outstanding immediately prior to the effective time of the TBHC Merger (the "TBHC Merger Effective Time") converted into the right to receive 0.1993 shares of a fully paid and non-assessable share of common stock, par value $0.0001 per share, of the Company ("BBBY Common Stock").

Each TBHC shareholder who would otherwise have been entitled to receive in the TBHC Merger a fractional share of TBHC Common Stock pursuant to the TBHC Merger Agreement was, in lieu of such fractional share and upon surrender of such holder's certificates representing shares of TBHC Common Stock outstanding prior to the TBHC Merger Effective Time, paid in cash the dollar amount (rounded to the nearest whole cent) without interest and subject to any required tax withholding, determined by multiplying such fraction by $4.62, the closing price of the BBBY Common Stock on the New York Stock Exchange on April 1, 2026, the trading day immediately prior to the TBHC Merger Effective Time.

At the TBHC Merger Effective Time, subject to and in accordance with the terms of TBHC's Amended and Restated 2002 Equity Incentive Plan (the “TBHC Incentive Plan”), each option to purchase shares of TBHC Common Stock (“Option”) that was outstanding as of immediately prior to the TBHC Merger Effective Time was automatically cancelled and converted into the right to receive, without interest and subject to applicable withholding taxes, a number of validly issued, fully paid and nonassessable shares of BBBY Common Stock equal to (i) the Net Option Share Amount (as defined in the TBHC Merger Agreement) multiplied by (ii) the Exchange Ratio, plus any Fractional Share Cash Consideration. Any Option with an exercise price equal to or in excess of $0.94, the closing price of TBHC Common Stock on April 1, 2026, the trading day immediately prior to the closing of the TBHC Merger, was cancelled and will have no further force or effect by virtue of the TBHC Merger, without any action on the part of the holder thereof and without any payment to the holder thereof.

Subject to and in accordance with the terms of the TBHC Incentive Plan, each TBHC restricted stock unit (“RSU”) that was outstanding as of immediately prior to the TBHC Merger Effective Time, whether vested or unvested, automatically, without any action on the part of BBBY, Knight Merger Sub, TBHC or the holder thereof, fully vested and was converted into the right to receive, without interest and subject to applicable withholding taxes, a number of validly issued, fully paid and nonassessable shares of BBBY Common Stock equal to (i) the number of shares of TBHC Common Stock subject to such RSU immediately prior to the TBHC Merger Effective Time multiplied by (ii) the Exchange Ratio, plus any Fractional Share Cash Consideration.

The results of operations of TBHC have been included in the consolidated financial statements of the Company from April 2, 2026, the closing date of the acquisition (as discussed further in Note 2—Summary of Significant Accounting Policies). For the three and six months ended June 30, 2026, results of operations included $70.5 million in revenues and $18.9 million in net loss, respectively, attributable to TBHC.

The following table summarizes the components of the purchase consideration (in thousands):


Share consideration issued to TBHC shareholders (1)	$	12,498
Share consideration to TBHC's Incentive Plan (2)	1,145
Settlement of existing TBHC indebtedness (3)	10,000
Settlement of preexisting relationships (4)	48,246
Total fair value of consideration paid	71,889
Fair value of previously held equity interest in TBHC (5)	8,398
Investment in TBHC	$	80,287

___________________________________________

(1) Represents the aggregate fair value of 2,705 common shares of the Company issued directly to the sellers based on the closing trading price of the Company's common shares of $4.62 per share on April 1, 2026

(2) Represents the aggregate fair value of 248 common shares of the Company issued in exchange for TBHC RSU equity awards that accelerated upon the change in control.

(3) Represents the settlement of TBHC existing indebtedness

(4) Represents the settlement of preexisting relationships comprised of 1) the settlement of Notes payable and accrued interest due to the Company of $43,732 and $473, respectively, 2) Accounts receivable from inventory sales of $3,836, and 3) Collaboration fee receivable of $205.

(5) Represents the reported amount of the Company’s previously held interests in TBHC.

Prior to the Acquisition Date, the Company owned 39.8% of the outstanding ownership interests in TBHC which it accounted for as an equity method security under the fair value option. The Acquisition Date fair value of the Company’s previously held ownership interest in TBHC was approximately $8.3 million and is included in the measurement of the investment in TBHC. The Company remeasured the previously held equity investment to its fair value, as of the date of acquisition, based on TBHC’s quoted market price as of April 1, 2026. The remeasurement resulted in an immaterial gain. Refer to Note 2—Summary of Significant Accounting Policies, basis of presentation, and Note 7—Equity Securities for further information.

The Company has provisionally allocated the purchase price based on the fair values of the assets acquired and liabilities assumed at the TBHC acquisition date as follows (in thousands):


	April 2, 2026
Cash and cash equivalents	$	—
Inventories, net	56,194
Prepaid expenses and other current	7,076
Fixed assets, net	34,128
Goodwill	63,701
Operating lease right-of-use assets	121,731
Other long-term assets, net including securities measured at fair value	2,477
Total assets acquired	285,307
Accounts payable	53,887
Accrued liabilities	18,643
Unearned revenue	143
Operating lease liabilities, current	33,520
Long-term debt, net	6,811
Operating lease liabilities, non-current	85,699
Other long-term liabilities, including commitments measured at fair value	6,317
Total liabilities assumed	205,020
Net assets acquired	80,287
Less: Fair value of previously held equity interest	(8,398)
Total purchase consideration transferred	71,889
Less: Cash acquired	—
Purchase price, net of cash acquired	$	71,889

The fair values presented were estimated by management. The excess of the cost of acquisition over the fair value of the net tangible assets acquired of $63.7 million has been allocated as goodwill. The goodwill recognized is attributable to TBHC’s assembled workforce and expected synergies from combining the operations of the Company and TBHC. Goodwill will not be amortized but will be reviewed annually for impairment. None of the goodwill is expected to be deductible for income tax purposes.

The initial accounting for the TBHC acquisition is incomplete as the valuation of the acquired assets has not yet been finalized. As such there may be adjustments to the purchase accounting and those adjustments could be material. Management is completing its evaluation during the measurement period, which will not exceed one year from the acquisition date. Any adjustments to the provisional amount arising from new information about facts and circumstances that existed as of the acquisition date will be recognized in the period the adjustment is determined, with a corresponding adjustment to goodwill.

Acquisition related costs of $1.5 million and $4.5 million were incurred for the three and six months ended June 30, 2026. These costs are reported in the Consolidated Statements of Operations as General and administrative and relate to professional expenses and other third-party costs.

The following reflects the pro forma impact of the purchase of TBHC on the Company’s results of operations giving effect of the transaction if it had taken place on January 1, 2025 (in thousands):


	Three months ended June 30,			Six months ended June 30,
	2026		2025	2026	2025
Revenue	$	361,159	333,786	652,732	647,037
Net income (loss)	(39,497)		(31,504)	(79,431)	(83,240)

Acquisition of SFV Services

On June 30, 2026 (the “Effective Date”), Bed Bath & Beyond, Inc., a Delaware corporation (the “Company”), acquired TwoPonds, Inc., a Delaware corporation (“SFV Services”) and the parent company of SFV-LLGC, LLC, a Florida limited liability company, pursuant to the terms of that certain Agreement and Plan of Merger, dated as of the Effective Date (the “Merger Agreement”), by and among the Company, Beyond Home Services, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Parent”), SFV Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Parent (“Merger Sub”), SFV Services, Mitchell Rosen Revocable Trust (“MR Trust”) and Sharon Rosen Revocable Trust (“SR Trust”, and together with MR Trust, collectively, “Sellers”). Pursuant to the Merger Agreement, Merger Sub merged with and into SFV Services (the “Merger”), with SFV Services surviving the Merger as a wholly owned subsidiary of Parent. SFV Services is a provider of installation and construction services.

The opening balances of SFV Services have been included in the consolidated balance sheet of the Company as of June 30, 2026, the closing date of the acquisition. For the three and six months ended June 30, 2026, the consolidated statement of operations did not include SFV Services results, as the transaction closed on the final day of the quarter.

The following table summarizes the components of the purchase consideration (in thousands):


Share consideration issued to SFV Services shareholders (1)	$	37,080
Investment in SFV Services	$	37,080

___________________________________________

(1) Represents the aggregate fair value of 7,200 unregistered shares of common stock of the Company issued directly to the sellers at price of $5.15 per share, based on the closing trading price of the Company's common stock of $5.79 per share on June 30, 2026, adjusted for discount for lack of marketability.

The Company has provisionally allocated the purchase price based on the fair values of the assets acquired and liabilities assumed at the SFV Services acquisition date as follows (in thousands):


	June 30, 2026
Cash and cash equivalents	$	3,990
Accounts receivable, net	2,748
Prepaid expenses and other current	758
Fixed assets, net	35
Goodwill	32,295
Operating lease right-of-use assets	783
Other long-term assets, net including securities measured at fair value	140
Total assets acquired	40,749
Accounts payable	1,432
Accrued liabilities	284
Unearned revenue	1,134
Operating lease liabilities, current	214
Operating lease liabilities, non-current	569
Other long-term liabilities, including commitments measured at fair value	36
Total liabilities assumed	3,669
Net assets acquired	37,080
Less: Cash acquired	(3,990)
Purchase price, net of cash acquired	$	33,090

The fair values presented were estimated by management. The fair value of the assets acquired includes accounts receivable of $2.7 million, of which all is expected to be collectible. The excess of the cost of acquisition over the fair value of the net tangible assets acquired of $32.3 million has been allocated as goodwill. The goodwill recognized is attributable to SFV Services’ assembled workforce and expected synergies from combining the operations of the Company and SFV Services. The initial accounting for the SFV Services acquisition is incomplete as the valuation of the acquired assets has not yet been finalized. As such there may be adjustments to the purchase accounting and those adjustments could be material. Goodwill will not be amortized but will be reviewed annually for impairment. None of the goodwill is expected to be deductible for income tax purposes.

Acquisition related costs of $0.3 million and $0.8 million were incurred for the three and six months ended June 30, 2026, respectively. These costs are reported in the Consolidated Statements of Operations as General and administrative and relate to professional expenses and other third-party costs.

The following reflects the pro forma impact of the purchase of SFV Services on the Company’s results of operations giving effect of the transaction if it had taken place on January 1, 2025 (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Revenue	$	374,124	$	298,003	$	636,149	$	543,865
Net income (loss)	(37,871)		(18,249)		(53,397)		(56,300)

- Definition

The entire disclosure for business combination.

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2026
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company has prepared the accompanying unaudited consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP") have been omitted in accordance with the rules and regulations of the SEC. These financial statements should be read in conjunction with the audited annual consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. There have been no significant changes to the Company's significant accounting policies disclosed in Note 2—Accounting Policies and Supplemental Disclosures, included in Part II, Item 8, Financial Statements and Supplementary Data, of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, except as disclosed below. The accompanying unaudited consolidated financial statements include the Company's accounts and the accounts of the Company's wholly-owned subsidiaries and other subsidiaries for which the Company exercises control, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the Company's opinion, necessary for a fair presentation of results for the interim periods presented. All intercompany account balances and transactions have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2026, are not necessarily indicative of the results to be expected for any future period or the full fiscal year, due to seasonality and other factors. Prior to April 2, 2026, The Brand House Collective, Inc. (formerly known as Kirkland’s Inc.) (“The Brand House Collective”) was not a consolidated subsidiary of the Company. Accordingly, transactions between the Company and The Brand House Collective prior to the acquisition date, including amounts advanced under the Amended Credit Agreement (as discussed further in this Note 2—Summary of Significant Accounting Policies) and related amendments, were accounted for as transactions with a non-consolidated entity and are reflected in the Company’s consolidated financial statements through the acquisition date in accordance with their nature. As discussed further in Note 3—Business Combinations, on April 2, 2026 (the "Acquisition Date"), the Company completed its acquisition of The Brand House Collective. Beginning on the acquisition date, the results of operations, assets and liabilities of The Brand House Collective are included in the Company’s consolidated financial statements. Accordingly, balances and transactions between the Company and The Brand House Collective occurring after the acquisition date are eliminated in consolidation. Use of estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the Company's consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, receivables valuation, revenue recognition, loyalty program reward point and gift card breakage, sales returns, inventory valuation, asset useful lives, equity and debt securities valuation, income taxes, stock-based compensation, performance-based compensation, self-funded health insurance liabilities, contingencies, goodwill, and the fair value of assets acquired and liabilities assumed in acquisitions. Although these estimates are based on the Company's best knowledge of current events and actions that the Company may undertake in the future, the accounting of these estimates may change from period to period. To the extent there are differences between these estimates and actual results, the Company's consolidated financial statements may be materially affected. Debt securities carried at fair value On May 7, 2025, the Company entered into an Amended and Restated Term Loan Credit Agreement (the "Amended and Restated Credit Agreement"), which amended and restated the secured Term Loan Credit Agreement ("Existing Credit Agreement") entered on October 21, 2024 and pursuant to which the Company provided The Brand House Collective, Inc. (formerly known as Kirkland's Inc.) ("The Brand House Collective") with an additional term loan in an approximate aggregate original principal amount of $5.2 million (the "Additional Term Loan") and obligations arising under the Existing Credit Agreement in the aggregate amount of $8.5 million were rolled into the Amended and Restated Credit Agreement as obligations thereunder (collectively, the "Notes"). On September 15 and November 24, 2025, the Company entered into subsequent amendments to the Amended Credit Agreement (the "Delayed Draw Term Loan Commitments") that increased the Delayed Draw Term Loan Commitments to an aggregate principal amount of $30.0 million. Prior to the acquisition of The Brand House Collective, the Company had $30.0 million outstanding under the Delayed Draw Term Loan Commitments. Upon completion of the acquisition, the outstanding balance was included as a component of the purchase consideration transferred in the business combination. Refer to Note 3—Business Combinations for additional information regarding the acquisition of The Brand House Collective. Business Combinations Assets acquired and liabilities assumed as part of a business combination are recorded at their fair value at the date of acquisition. The excess of purchase price over the fair value of assets acquired and liabilities assumed is recorded as goodwill. Determining fair value of identifiable assets, particularly intangible assets and liabilities acquired requires management to make estimates, which are based on all available information and in some cases, assumptions, with respect to the timing and amount of future revenues and expenses associated with an asset or liability. Noncontrolling interests In April 2025, the Company's controlled subsidiary, Commercial Strategies, Inc. ("Commercial Strategies"), launched a crowdfunding offering (the "token offering") of the right to acquire a tokenized digital security linked to Overstock intellectual property and eligible for future dividends, if any, from the licensing revenue that Commercial Strategies earns from the Overstock intellectual property. The token offering closed on May 16, 2025, and Commercial Strategies issued the tokenized digital security in the form of Series A Preferred Stock. The holders of the preferred shares will be entitled to receive, out of funds and assets legally available for such purpose, an annual dividend that is derived from the royalty fee paid by Bed Bath & Beyond, Inc. to Commercial Strategies for licensing of the Overstock intellectual property. The holders of the preferred stock have no voting rights. In May 2025, the Company's controlled subsidiary, Zion Peaks, Inc. ("Zion Peaks"), launched a crowdfunding offering (the "token offering") of the right to acquire a tokenized digital security linked to buybuy BABY intellectual property and eligible for future dividends, if any, from the licensing revenue that Zion Peaks earns from the buybuy BABY intellectual property. The token offering closed on August 11, 2025, and Zion Peaks issued the tokenized digital security in the form of Series A Preferred Stock. The holders of the preferred shares will be entitled to receive, out of funds and assets legally available for such purpose, an annual dividend that is derived from the royalty fee paid by Bed Bath & Beyond, Inc. to Zion Peaks for licensing of the buybuy BABY intellectual property. As a result of these transactions in the second and third quarters of 2025, the Company recognized the amounts of contributions attributable to the noncontrolling interests on the Company's consolidated balance sheets. At June 30, 2026 and December 31, 2025, the Company's equity attributable to noncontrolling interests totaled $0.3 million and $0.4 million, respectively. For the six months ended June 30, 2026 and 2025, there was no activity attributable to noncontrolling interests, aside from the annual dividend paid by Commercial Strategies. Recently issued accounting standards In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), which requires public entities to disclose disaggregated information about certain income statement line items in the notes to the financial statements. For public entities, ASU 2024-03 is required to be adopted for annual periods beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. This ASU will result in the Company including the additional required disclosures when adopted and does not otherwise have a material impact on the Company's consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40), Targeted Improvements to the Accounting for Internal-Use Software, which clarified and modernizes the accounting for costs related to internal-use software. The amendments in ASU 2025-06 remove all references to project stages throughout Subtopic 350-40 and clarify the threshold entities apply to begin capitalizing costs. ASU 2025-06 is effective for all entities for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. This ASU will result in the Company adopting the new threshold to apply to begin capitalizing costs and does not otherwise have a material impact on the Company's consolidated financial statements.

STOCK-BASED AWARDS - Schedule of Restricted Stock and Restricted Stock Unit Activity (Details) - Restricted stock units, PSUs, and Share Options shares in Thousands	6 Months Ended
	Jun. 30, 2026 $ / shares shares
Units
Outstanding-beginning of year (in shares) \| shares	3,037
Granted at fair value (in shares) \| shares	3,677
Vested (in shares) \| shares	(1,245)
Forfeited (in shares) \| shares	(995)
Outstanding-end of period (in shares) \| shares	4,474
Weighted Average Grant Date Fair Value
Outstanding-beginning of year (in dollars per share) \| $ / shares	$ 8.21
Granted at fair value (in dollars per share) \| $ / shares	4.87
Vested (in dollars per share) \| $ / shares	7.64
Forfeited (in dollars per share) \| $ / shares	9.80
Outstanding-end of period (in dollars per share) \| $ / shares	$ 6.18

BUSINESS SEGMENTS - Narrative (Details)	6 Months Ended
BUSINESS SEGMENTS - Narrative (Details)	Jun. 30, 2026 segment
Segment Reporting [Abstract]
Number of reportable segments	1

EQUITY SECURITIES - Summary of Equity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]
Equity securities accounted for under the equity method under ASC 323	$ 38,853	$ 39,738
Equity securities accounted for under the fair value option	17,075	26,903
Total equity securities	$ 55,928	$ 66,641

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

BORROWINGS	6 Months Ended
BORROWINGS	Jun. 30, 2026
Debt Disclosure [Abstract]
BORROWINGS	8. BORROWINGS BMO Line of Credit In October 2024, the Company entered into a Loan and Security Agreement (the "Loan Agreement") with BMO Bank N.A. (in such capacity, "BMO"), pursuant to which BMO agrees to lend the Company up to $25.0 million on a one-year revolving line of credit to aid the Company in securing strategic ventures. In connection with the Loan Agreement, BMO issued a revolving line of credit promissory note (the "Revolving Note") and granted a lien on the cash collateral account specified in the Loan Agreement (the "Cash Collateral Account"). The revolving line of credit bears interest on the unpaid principal balance at an annual rate equal to the Secured Overnight Financing Rate, or SOFR rate, for a one-month interest period plus 1.00%, established by the Federal Reserve Bank of New York. The Company is obligated to pay certain commitment fees on undrawn amounts under the Loan Agreement in amounts specified in the Loan Agreement. The Loan Agreement and Revolving Note was originally scheduled to terminate on October 18, 2025, and loans thereunder may be borrowed, repaid, and reborrowed up to such date. In September 2025, the Company and BMO extended the term of the Loan Agreement and Revolving Note for an additional year, which will now terminate in October 2026. As of June 30, 2026, the Company had $9.5 million of outstanding standby letter of credits under the Revolving Note. As of June 30, 2026, the outstanding balance on the line of credit was $15.5 million. The total outstanding debt on the line of credit is included in Short-term debt, net on the consolidated balance sheets. The Loan Agreement is subject to limited affirmative covenants and negative covenants, including the requirement that the Company maintain cash in the Cash Collateral Account in an amount that is three percent greater than BMO's aggregate commitments under the Loan Agreement. As of June 30, 2026, the Company was in compliance with its debt covenants and continues to monitor ongoing compliance with the debt covenants. Bank of America Revolver On April 2, 2026, following the acquisition of TBHC, TBHC entered into a Sixth Amendment to Third Amended and Restated Credit Agreement (as the same has been amended from time to time, the “2023 Credit Agreement”) with Bank of America, N.A., as administrative agent and collateral agent, and lender, agrees to lend the Company up to $90.0 million. During the three and six months ended June 30, 2026, the Company borrowed $25.9 million and repaid $18.1 million under the 2023 Credit Agreement. As of June 30, 2026, the Company had $14.6 million in letters of credit outstanding under the 2023 Credit Agreements. For the three and six months ended June 30, 2026, the Company recorded interest expense of $1.0 million related to the 2023 Credit Agreement. The 2023 Credit facility matures on March 31, 2028 and bears interest at a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) Term SOFR plus 1.00%. The fee paid to the lenders on the unused portion of the 2023 Credit Agreement is 25 basis points when usage is greater than 50% of the total commitment amount; otherwise, the fee on the unused portion is 37.5 basis points per annum. Pursuant to the 2023 Credit Agreement, the Company entered into a pledge and security agreement with the administrative agent to the 2023 Credit Agreement, pledging its equity interests in TBHC. The Company has not guaranteed the obligations under the 2023 Credit Agreement or pledged any assets, other than the pledged equity interests in TBHC as collateral. Short-term Loan On June 29, 2026, the Company entered into a Promissory Note Agreement (the "Promissory Note") with The Container Store, Inc. ("TCS Inc."), pursuant to which the Company issued the Promissory Note for a total principal amount of $7.5 million. The Promissory Note matures on July 31, 2026 and bears interest at a rate of 8.00% per annum. Refer to Note 17—Subsequent Events for additional information on the Company relationship with TCS Inc. and information on the subsequent repayment of the Promissory Note.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2026
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The Company has prepared the accompanying unaudited consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP") have been omitted in accordance with the rules and regulations of the SEC. These financial statements should be read in conjunction with the audited annual consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. There have been no significant changes to the Company's significant accounting policies disclosed in Note 2—Accounting Policies and Supplemental Disclosures, included in Part II, Item 8, Financial Statements and Supplementary Data, of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, except as disclosed below.
Consolidation	The accompanying unaudited consolidated financial statements include the Company's accounts and the accounts of the Company's wholly-owned subsidiaries and other subsidiaries for which the Company exercises control, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the Company's opinion, necessary for a fair presentation of results for the interim periods presented. All intercompany account balances and transactions have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2026, are not necessarily indicative of the results to be expected for any future period or the full fiscal year, due to seasonality and other factors. Prior to April 2, 2026, The Brand House Collective, Inc. (formerly known as Kirkland’s Inc.) (“The Brand House Collective”) was not a consolidated subsidiary of the Company. Accordingly, transactions between the Company and The Brand House Collective prior to the acquisition date, including amounts advanced under the Amended Credit Agreement (as discussed further in this Note 2—Summary of Significant Accounting Policies) and related amendments, were accounted for as transactions with a non-consolidated entity and are reflected in the Company’s consolidated financial statements through the acquisition date in accordance with their nature. As discussed further in Note 3—Business Combinations, on April 2, 2026 (the "Acquisition Date"), the Company completed its acquisition of The Brand House Collective. Beginning on the acquisition date, the results of operations, assets and liabilities of The Brand House Collective are included in the Company’s consolidated financial statements. Accordingly, balances and transactions between the Company and The Brand House Collective occurring after the acquisition date are eliminated in consolidation.
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the Company's consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, receivables valuation, revenue recognition, loyalty program reward point and gift card breakage, sales returns, inventory valuation, asset useful lives, equity and debt securities valuation, income taxes, stock-based compensation, performance-based compensation, self-funded health insurance liabilities, contingencies, goodwill, and the fair value of assets acquired and liabilities assumed in acquisitions. Although these estimates are based on the Company's best knowledge of current events and actions that the Company may undertake in the future, the accounting of these estimates may change from period to period. To the extent there are differences between these estimates and actual results, the Company's consolidated financial statements may be materially affected.
Debt securities carried at fair value	Debt securities carried at fair value On May 7, 2025, the Company entered into an Amended and Restated Term Loan Credit Agreement (the "Amended and Restated Credit Agreement"), which amended and restated the secured Term Loan Credit Agreement ("Existing Credit Agreement") entered on October 21, 2024 and pursuant to which the Company provided The Brand House Collective, Inc. (formerly known as Kirkland's Inc.) ("The Brand House Collective") with an additional term loan in an approximate aggregate original principal amount of $5.2 million (the "Additional Term Loan") and obligations arising under the Existing Credit Agreement in the aggregate amount of $8.5 million were rolled into the Amended and Restated Credit Agreement as obligations thereunder (collectively, the "Notes"). On September 15 and November 24, 2025, the Company entered into subsequent amendments to the Amended Credit Agreement (the "Delayed Draw Term Loan Commitments") that increased the Delayed Draw Term Loan Commitments to an aggregate principal amount of $30.0 million. Prior to the acquisition of The Brand House Collective, the Company had $30.0 million outstanding under the Delayed Draw Term Loan Commitments. Upon completion of the acquisition, the outstanding balance was included as a component of the purchase consideration transferred in the business combination. Refer to Note 3—Business Combinations for additional information regarding the acquisition of The Brand House Collective.
Business Combinations	Business Combinations Assets acquired and liabilities assumed as part of a business combination are recorded at their fair value at the date of acquisition. The excess of purchase price over the fair value of assets acquired and liabilities assumed is recorded as goodwill. Determining fair value of identifiable assets, particularly intangible assets and liabilities acquired requires management to make estimates, which are based on all available information and in some cases, assumptions, with respect to the timing and amount of future revenues and expenses associated with an asset or liability.
Noncontrolling interests	Noncontrolling interests In April 2025, the Company's controlled subsidiary, Commercial Strategies, Inc. ("Commercial Strategies"), launched a crowdfunding offering (the "token offering") of the right to acquire a tokenized digital security linked to Overstock intellectual property and eligible for future dividends, if any, from the licensing revenue that Commercial Strategies earns from the Overstock intellectual property. The token offering closed on May 16, 2025, and Commercial Strategies issued the tokenized digital security in the form of Series A Preferred Stock. The holders of the preferred shares will be entitled to receive, out of funds and assets legally available for such purpose, an annual dividend that is derived from the royalty fee paid by Bed Bath & Beyond, Inc. to Commercial Strategies for licensing of the Overstock intellectual property. The holders of the preferred stock have no voting rights. In May 2025, the Company's controlled subsidiary, Zion Peaks, Inc. ("Zion Peaks"), launched a crowdfunding offering (the "token offering") of the right to acquire a tokenized digital security linked to buybuy BABY intellectual property and eligible for future dividends, if any, from the licensing revenue that Zion Peaks earns from the buybuy BABY intellectual property. The token offering closed on August 11, 2025, and Zion Peaks issued the tokenized digital security in the form of Series A Preferred Stock. The holders of the preferred shares will be entitled to receive, out of funds and assets legally available for such purpose, an annual dividend that is derived from the royalty fee paid by Bed Bath & Beyond, Inc. to Zion Peaks for licensing of the buybuy BABY intellectual property. As a result of these transactions in the second and third quarters of 2025, the Company recognized the amounts of contributions attributable to the noncontrolling interests on the Company's consolidated balance sheets. At June 30, 2026 and December 31, 2025, the Company's equity attributable to noncontrolling interests totaled $0.3 million and $0.4 million, respectively. For the six months ended June 30, 2026 and 2025, there was no activity attributable to noncontrolling interests, aside from the annual dividend paid by Commercial Strategies.
Recently issued accounting standards	Recently issued accounting standards In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), which requires public entities to disclose disaggregated information about certain income statement line items in the notes to the financial statements. For public entities, ASU 2024-03 is required to be adopted for annual periods beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. This ASU will result in the Company including the additional required disclosures when adopted and does not otherwise have a material impact on the Company's consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40), Targeted Improvements to the Accounting for Internal-Use Software, which clarified and modernizes the accounting for costs related to internal-use software. The amendments in ASU 2025-06 remove all references to project stages throughout Subtopic 350-40 and clarify the threshold entities apply to begin capitalizing costs. ASU 2025-06 is effective for all entities for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. This ASU will result in the Company adopting the new threshold to apply to begin capitalizing costs and does not otherwise have a material impact on the Company's consolidated financial statements.

- Definition

Disclosure of accounting policy for business combination.

+ References

+ Details

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

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+ Details

EQUITY SECURITIES (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Equity Securities

Equity securities consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Equity securities accounted for under the equity method under ASC 323	$	38,853	$	39,738
Equity securities accounted for under the fair value option	17,075		26,903

Total equity securities	$	55,928	$	66,641

Schedule of Equity Securities Ownership Interest

The following table includes the Company's equity securities and related ownership interest as of June 30, 2026:


			Ownership interest
Medici Ventures, L.P.			99%
tZERO Group, Inc.			22%

Zulily Newco			25%

Schedule of Equity Method Investments

The following table summarizes the net loss recognized on equity method securities recorded in Other income (expense), net in the consolidated statements of operations (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net loss recognized on our proportionate share of the net assets of our equity method securities	$	—	$	(4,789)	$	(884)	$	(8,994)
Decrease in fair value of equity method securities held under fair value option	—		(1,787)		(1,521)		(14,655)

FAIR VALUE MEASUREMENT - Schedule of Level 3 Liability Activity (Details) - Level 3 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability, beginning balance	$ 2,766	$ 0
Fair value of Level 3 liabilities assumed		2,766
Derecognition of Level 3 liabilities assumed	(2,766)
Liability, ending balance	$ 0	$ 2,766

BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment Reporting

The following table summarizes the Company's segment revenue, significant segment expenses, other segment items, and segment loss (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net revenue	$	361,159	$	282,251	$	608,914	$	513,999
Less:
Cost of goods sold (as adjusted) (1)	264,303		215,264		452,862		388,695


Sales and marketing expense (as adjusted) (1)	42,894		38,122		75,117		69,229
Technology expense (as adjusted) (1)	15,971		17,493		33,084		37,329
General and administrative (as adjusted) (1)	41,439		10,115		50,144		21,364
Customer service and merchant fees (as adjusted) (1)	11,578		9,331		20,595		18,688
Other segment items (2)	27,857		4,352		38,202		14,331
Operating loss	$	(42,883)	$	(12,426)	$	(61,090)	$	(35,637)

___________________________________________

(1) Significant segment expense categories are adjusted to exclude costs related to depreciation and amortization, stock-based compensation, acquisition-related costs, and brand integration and restructuring costs which are included in the Other segment items line.

(2) Other segment items includes other operating expense (income), net, depreciation and amortization, stock-based compensation, acquisition-related costs, and brand integration and restructuring costs.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Topic 280
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

BUSINESS COMBINATIONS - Proforma Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Business Combination, Pro Forma Information [Line Items]
Revenue		$ 298,003
Net income (loss)		(18,249)
The Brand House Collective, Inc.
Business Combination, Pro Forma Information [Line Items]
Revenue	$ 361,159	333,786	$ 652,732	$ 647,037
Net income (loss)	(39,497)	$ (31,504)	(79,431)	(83,240)
SVF Services
Business Combination, Pro Forma Information [Line Items]
Revenue	374,124		636,149	543,865
Net income (loss)	$ (37,871)		$ (53,397)	$ (56,300)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

BUSINESS COMBINATIONS - Narrative (Details) $ / shares in Units, $ in Thousands			3 Months Ended	6 Months Ended
	Apr. 06, 2026 USD ($)	Apr. 02, 2026 USD ($) $ / shares	Jun. 30, 2026 USD ($) $ / shares	Jun. 30, 2026 USD ($) $ / shares	Apr. 01, 2026 $ / shares	Dec. 31, 2025 USD ($) $ / shares
Business Combination [Line Items]
Common stock, par value (in dollars per share) \| $ / shares		$ 0.0001	$ 0.0001	$ 0.0001		$ 0.0001
Share price (usd per share) \| $ / shares			$ 5.79	$ 5.79	$ 4.62
Goodwill			$ 101,946	$ 101,946		$ 6,160
The Brand House Collective, Inc.
Business Combination [Line Items]
Equity consideration, conversion ratio (in shares) \| $ / shares		0.1993
Equity consideration, exercise price (in dollars per share) \| $ / shares		$ 0.94
Revenue included with results of operations			70,500	70,500
Net income included within results of operations			(18,900)	(18,900)
Ownership interest prior to acquisition					39.80%
Fair value of previously held equity interest in TBHC	$ 8,300	$ 8,398
Goodwill		63,701
Goodwill expected to be deductible for tax purposes		$ 0
Acquisition-related costs			1,500	4,500
SVF Services
Business Combination [Line Items]
Goodwill			32,295	32,295
Goodwill expected to be deductible for tax purposes			0	0
Acquisition-related costs			300	800
Accounts receivable, net			$ 2,748	$ 2,748

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Nov. 24, 2025	May 07, 2025
Debt Instrument [Line Items]
Equity attributable to noncontrolling interests	$ 324		$ 361
Delayed Draw Term Loan Commitments \| Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 30,000
Amount outstanding on line of credit		$ 30,000
The Brand House Collective, Inc. \| Additional Term Loan
Debt Instrument [Line Items]
Note receivable					$ 5,200
The Brand House Collective, Inc. \| Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Note receivable					$ 8,500

FAIR VALUE MEASUREMENT

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

4. FAIR VALUE MEASUREMENT

The following tables summarize the Company's assets and liabilities measured at fair value on a recurring basis using the following levels of inputs (in thousands):


	Fair Value Measurements at June 30, 2026
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents—Money market funds	$	23,135	$	23,135	$	—	$	—
Equity securities, at fair value	17,075		—		—		17,075
Available-for-sale debt securities (1)	26,033		—		—		26,033


Total assets	$	66,243	$	23,135	$	—	$	43,108


	Fair Value Measurements at December 31, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents—Money market funds	$	22,717	$	22,717	$	—	$	—
Equity securities, at fair value	26,903		9,828		—		17,075
Available-for-sale debt securities (1)	18,417		—		—		18,417
Debt securities, at fair value (1)	23,977		—		23,977		—

Total assets	$	92,014	$	32,545	$	23,977	$	35,492
Liabilities:
Loan commitments, at fair value (2)	$	2,766	$	—	$	—	$	2,766

Total liabilities	$	2,766	$	—	$	—	$	2,766

___________________________________________

(1) Included in Other long-term assets, net in the consolidated balance sheets.

(2) Included in Other long-term liabilities in the consolidated balance sheets.

The following table provides activity for the Company's Level 3 investments (in thousands):


	Amount
Level 3 investments at December 31, 2024	$	47,439
Increase due to purchases of Level 3 investments	16,266
Transfers out of Level 3 investments	(20,046)
Decrease in fair value of Level 3 investments	(8,711)
Accrued interest on Level 3 investments	544
Level 3 investments at December 31, 2025	35,492
Increase due to purchases of Level 3 investments	7,168


Accrued interest, net on Level 3 investments	448
Level 3 investments at June 30, 2026	$	43,108

The following table provides activity for the Company's Level 3 liabilities (in thousands):


	Amount
Level 3 liabilities at December 31, 2024	$	—
Fair value of Level 3 liabilities assumed	2,766
Level 3 liabilities at December 31, 2025	2,766
Derecognition of Level 3 liabilities assumed	(2,766)
Level 3 liabilities at June 30, 2026	$	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

STOCK-BASED AWARDS (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Stock Based Compensation

Stock-based compensation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Cost of goods sold	$	—	$	1	$	—	$	2
Sales and marketing	(203)		42		(133)		145
Technology	27		662		381		719
General and administrative	2,249		2,681		3,357		3,614
Customer service and merchant fees	2		—		3		—
Total stock-based compensation	$	2,075	$	3,386	$	3,608	$	4,480

Schedule of Restricted Stock and Restricted Stock Unit Activity

The following table summarizes restricted stock unit and PSU award activity (in thousands, except per share data):


	Six months ended June 30, 2026
	Units	Weighted Average Grant Date Fair Value
Outstanding—beginning of year	3,037	$	8.21
Granted at fair value	3,677	4.87
Vested	(1,245)	7.64
Forfeited	(995)	9.80
Outstanding—end of period	4,474	$	6.18

Summary of Stock Option Activity

The following table summarizes Share Options award activity for the six months ended June 30, 2026 (in thousands, except fair value data and remaining contractual term):


	Units	Weighted Average Exercise Price Per Share		Weighted Average Contractual Term Remaining (Years)	Aggregate Intrinsic Value
Outstanding—beginning of year	2,250	$	53.33
Granted at fair value	—	—
Vested	—	—
Forfeited	(500)	45.00
Outstanding—end of period	1,750	$	55.71	1.22	$	—
Vested and expected to vest as of June 30, 2026	1,750	$	55.71	1.22	$	—
Vested and exercisable as of June 30, 2026	—	$	—	—	$	—

FAIR VALUE MEASUREMENT - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets:
Cash equivalents—Money market funds	$ 23,135	$ 22,717
Equity securities, at fair value	17,075	26,903
Available-for-sale debt securities	26,033	18,417
Debt securities, at fair value		23,977
Total assets	66,243	92,014
Liabilities:
Loan commitments, at fair value	0	2,766
Total liabilities		2,766
Level 1
Assets:
Cash equivalents—Money market funds	23,135	22,717
Equity securities, at fair value	0	9,828
Available-for-sale debt securities	0	0
Debt securities, at fair value		0
Total assets	23,135	32,545
Liabilities:
Loan commitments, at fair value		0
Total liabilities		0
Level 2
Assets:
Cash equivalents—Money market funds	0	0
Equity securities, at fair value	0	0
Available-for-sale debt securities	0	0
Debt securities, at fair value		23,977
Total assets	0	23,977
Liabilities:
Loan commitments, at fair value		0
Total liabilities		0
Level 3
Assets:
Cash equivalents—Money market funds	0	0
Equity securities, at fair value	17,075	17,075
Available-for-sale debt securities	26,033	18,417
Debt securities, at fair value		0
Total assets	$ 43,108	35,492
Liabilities:
Loan commitments, at fair value		2,766
Total liabilities		$ 2,766

PROPERTY AND EQUIPMENT, NET - Schedule of Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Property, Plant, and Equipment [Line Items]
Depreciation	$ 8,117	$ 3,881	$ 11,159	$ 8,506
Income Statement Location [Axis]: byon:TechnologyExpense
Property, Plant, and Equipment [Line Items]
Depreciation	4,223	3,787	7,176	8,250
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold
Property, Plant, and Equipment [Line Items]
Depreciation	0	16	0	89
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense
Property, Plant, and Equipment [Line Items]
Depreciation	3,056	78	3,145	167
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense
Property, Plant, and Equipment [Line Items]
Depreciation	$ 838	$ 0	$ 838	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 905
-SubTopic 360
-Name Accounting Standards Codification
-Section 25
-Paragraph 4
-Publisher FASB
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-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

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-Topic 842
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+ Details

INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Intangible Asset, Finite-Lived

Intangible assets, net consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Intangible assets subject to amortization, gross (1)	$	5,644	$	5,645
Less: accumulated amortization of intangible assets	(4,133)		(3,813)
Intangible assets subject to amortization, net	1,511		1,832
Intangible assets not subject to amortization	44,908		43,308
Total intangible assets, net	$	46,419	$	45,140

___________________________________________

(1) At June 30, 2026, the weighted average remaining useful life for intangible assets subject to amortization, gross was 1.93 years.

Schedule of Intangible Asset, Indefinite-Lived

Intangible assets, net consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Intangible assets subject to amortization, gross (1)	$	5,644	$	5,645
Less: accumulated amortization of intangible assets	(4,133)		(3,813)
Intangible assets subject to amortization, net	1,511		1,832
Intangible assets not subject to amortization	44,908		43,308
Total intangible assets, net	$	46,419	$	45,140

___________________________________________

(1) At June 30, 2026, the weighted average remaining useful life for intangible assets subject to amortization, gross was 1.93 years.

STOCK-BASED AWARDS - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Stock-Based Awards
Stock issued during period, employee stock purchase plan (in shares)			67,219	90,921
Average price per share (in dollars per share)			$ 4.53	$ 5.43
Restricted Stock Units (RSUs) \| Minimum
Stock-Based Awards
Vesting period			3 years
Restricted Stock Units (RSUs) \| Maximum
Stock-Based Awards
Vesting period			4 years
Performance Shares
Stock-Based Awards
Employee benefits and share-based compensation (credit) expense	$ (1.8)	$ (0.8)	$ (2.4)	$ (1.3)
Performance Shares \| First year
Stock-Based Awards
Award vesting percent			33.30%
Performance Shares \| Second year
Stock-Based Awards
Award vesting percent			33.30%
Performance Shares \| Third year
Stock-Based Awards
Award vesting percent			33.30%
Performance Share Options
Stock-Based Awards
Employee benefits and share-based compensation (credit) expense	$ 0.4	0.8	$ 0.9	1.8
Employee Stock Purchase Plan
Stock-Based Awards
Number of shares available under plan (in shares)	2,500,000		2,500,000
Employee benefits and share-based compensation (credit) expense	$ 0.1	$ 0.2	$ 0.3	$ 0.4

REVENUE AND CONTRACT LIABILITY - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 46,818		$ 46,818		$ 34,429
Gift card and club rewards breakage	800	$ 1,100	1,600	$ 7,700
Unearned contract revenue	2,300		2,300		2,400
Club O Reward Points
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 4,700		$ 4,700		$ 4,100

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BUSINESS COMBINATIONS - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands			6 Months Ended
	Jun. 30, 2026	Apr. 02, 2026	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Business Combination [Line Items]
Goodwill	$ 101,946		$ 101,946		$ 6,160
Purchase price, net of cash acquired			6,010	$ 0
The Brand House Collective, Inc.
Business Combination [Line Items]
Cash and cash equivalents		$ 0
Inventories, net		56,194
Prepaid expenses and other current		7,076
Fixed assets, net		34,128
Goodwill		63,701
Operating lease right-of-use assets		121,731
Other long-term assets, net including securities measured at fair value		2,477
Total assets acquired		285,307
Accounts payable		53,887
Accrued liabilities		18,643
Unearned revenue		143
Operating lease liabilities, current		33,520
Long-term debt, net		6,811
Operating lease liabilities, non-current		85,699
Other long-term liabilities, including commitments measured at fair value		6,317
Total liabilities assumed		205,020
Net assets acquired		80,287
Less: Fair value of previously held equity interest		(8,398)
Total purchase consideration transferred		71,889
Less: Cash acquired		0
Purchase price, net of cash acquired		$ 71,889
SVF Services
Business Combination [Line Items]
Cash and cash equivalents	3,990		3,990
Accounts receivable, net	2,748		2,748
Prepaid expenses and other current	758		758
Fixed assets, net	35		35
Goodwill	32,295		32,295
Operating lease right-of-use assets	783		783
Other long-term assets, net including securities measured at fair value	140		140
Total assets acquired	40,749		40,749
Accounts payable	1,432		1,432
Accrued liabilities	284		284
Unearned revenue	1,134		1,134
Operating lease liabilities, current	214		214
Operating lease liabilities, non-current	569		569
Other long-term liabilities, including commitments measured at fair value	36		36
Total liabilities assumed	3,669		3,669
Net assets acquired	37,080		$ 37,080
Less: Cash acquired	(3,990)
Purchase price, net of cash acquired	$ 33,090

STOCK-BASED AWARDS - Summary of Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2026 USD ($) $ / shares shares
Units
Outstanding-beginning of year (in shares) \| shares	2,250
Options granted (in shares) \| shares	0
Vested (in shares) \| shares	0
Forfeited (in shares) \| shares	(500)
Outstanding-end of period (in shares) \| shares	1,750
Vested and expected to vest (in shares) \| shares	1,750
Vested and exercisable (in shares) \| shares	0
Weighted Average Exercise Price Per Share
Outstanding, beginning of year (in dollars per share) \| $ / shares	$ 53.33
Granted at fair value (in dollars per share) \| $ / shares	0
Vested (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	45.00
Outstanding, end of year (in dollars per share) \| $ / shares	55.71
Vested and expected to vest (in dollars per share) \| $ / shares	55.71
Exercise price (in dollars per share) \| $ / shares	$ 0
Additional Disclosures
Outstanding, weighted average contractual term remaining	1 year 2 months 19 days
Vested and expected to vest, weighted average contractual term remaining	1 year 2 months 19 days
Outstanding, intrinsic value \| $	$ 0
Vested and expected to vest, intrinsic value \| $	0
Vested and exercisable, intrinsic value \| $	$ 0

EQUITY SECURITIES - Narrative (Details) $ in Thousands	Apr. 29, 2026 USD ($)	Apr. 06, 2026 USD ($)	Apr. 02, 2026 USD ($)	Jun. 30, 2026 USD ($)	Mar. 31, 2026	Dec. 31, 2025 USD ($)
Schedule of Equity Method Investments [Line Items]
Total equity securities				$ 55,928		$ 66,641
Equity securities, at fair value				$ 17,075		$ 26,903
The Brand House Collective, Inc.
Schedule of Equity Method Investments [Line Items]
Fair value of previously held equity interest in TBHC		$ 8,300	$ 8,398
tZERO Group, Inc. \| Series B Preferred Stock
Schedule of Equity Method Investments [Line Items]
Token conversion ratio	3
tZERO Group, Inc. \| Common Stock
Schedule of Equity Method Investments [Line Items]
Token conversion ratio	8
tZERO Group, Inc.
Schedule of Equity Method Investments [Line Items]
Loan commitment	$ 10,000
The Brand House Collective, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			100.00%
tZERO Group, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage				22.00%
Indirect ownership percentage	38.70%				49.40%

INDEMNIFICATIONS AND GUARANTEES	6 Months Ended
INDEMNIFICATIONS AND GUARANTEES	Jun. 30, 2026
Guarantees and Product Warranties [Abstract]
INDEMNIFICATIONS AND GUARANTEES	11. INDEMNIFICATIONS AND GUARANTEES During the normal course of business, the Company has made certain indemnities, commitments, and guarantees under which the Company may be required to make payments in relation to certain transactions. These indemnities include, but are not limited to, indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease, the environmental indemnity the Company entered into in favor of the lenders under its prior loan agreements, customary indemnification arrangements in underwriting agreements and similar agreements, and indemnities to its directors and officers to the maximum extent permitted under the laws of the State of Delaware. The duration of these indemnities, commitments, and guarantees varies, and in certain cases, is indefinite. In addition, the majority of these indemnities, commitments, and guarantees do not provide for any limitation of the maximum potential future payments the Company could be obligated to make. As such, the Company is unable to estimate with any reasonableness its potential exposure under these items. The Company has not recorded any liability for these indemnities, commitments, and guarantees in the accompanying consolidated balance sheets. The Company does, however, accrue losses for any known contingent liability, including those that may arise from indemnification provisions, when future payment is both probable and reasonably estimable.

- Definition

The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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+ Details

PROPERTY AND EQUIPMENT, NET - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	$ 437,352	$ 188,811
Less: accumulated depreciation	(394,476)	(175,099)
Total property and equipment, net	42,876	13,712
Computer hardware and software, including internal-use software and website development
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	266,420	186,022
Furniture and equipment
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	77,786	1,630
Leasehold improvements
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	$ 93,146	$ 1,159

- Definition

Amount of accumulated depreciation, depletion, and amortization of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, after accumulated depreciation, depletion, and amortization, of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

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+ Details

STOCKHOLDERS' EQUITY - JonesTrading (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Class of Stock [Line Items]
Sale of stock, number of shares issued in transaction	0	4,331,713
Consideration received on transaction		$ 24.2
Stock issuance costs		$ 0.5
Jones Trading Institutional Services LLC \| Common Stock \| At The Market Sales Program
Class of Stock [Line Items]
Outstanding amount available under sales program	$ 16.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
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-Name Accounting Standards Codification
-Section S50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-13

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
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-Name Accounting Standards Codification
-Section S50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
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-Section S50
-Paragraph 1
-Publisher FASB
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Reference 27: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

LEASES - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Operating lease cost	$ 10,091	$ 521	$ 10,409	$ 1,433
Short-term lease cost	226	0	226	0
Variable lease cost	$ 20	$ 308	$ 32	$ 617

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Other Commitments [Line Items]
Tariff receivable	$ 9,500		$ 9,500		$ 0
Interest income, net	$ 750	$ 889	2,479	$ 1,651
IEEPA Tariff Refund
Other Commitments [Line Items]
Recovery of direct costs			9,200
Interest income, net			$ 300

BORROWINGS (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended	6 Months Ended
BORROWINGS (Details) - USD ($) $ in Thousands	Apr. 02, 2026	Oct. 31, 2024	Jun. 30, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 29, 2026
Debt Instrument [Line Items]
Proceeds from revolving line of credit				$ 25,924	$ 0
Repayments on revolving line of credit				18,070	$ 0
BMO bank \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 25,000
Debt instrument, term		1 year
Debt instrument, interest period		1 month
Debt instrument, basis spread on variable rate		1.00%
Letters of credit outstanding			$ 9,500	9,500
Line of credit outstanding			$ 15,500	$ 15,500
Debt covenant, cash collateral, percent greater than aggregate commitment			3.00%	3.00%
Bank Of America Revolver \| Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 90,000
Proceeds from revolving line of credit			$ 25,900	$ 25,900
Repayments on revolving line of credit			18,100	18,100
Bank Of America Revolver \| Line of Credit \| Greater Than 50% Of Total Commitment Amount
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Bank Of America Revolver \| Line of Credit \| Other Scenario
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.375%
Bank Of America Revolver \| Line of Credit \| Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Bank Of America Revolver \| Line of Credit \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Bank Of America Revolver \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Amount outstanding			14,600	14,600
Interest expense			$ 1,000	$ 1,000
Promissory Note \| Promissory Note
Debt Instrument [Line Items]
Principal amount						$ 7,500
Interest rate						8.00%

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES Legal proceedings and contingencies From time to time, the Company is involved in litigation concerning consumer protection, employment, intellectual property, claims under the securities laws, and other commercial matters related to the conduct and operation of the business and the sale of products on the Company's websites. In connection with such litigation, the Company has been in the past and may be in the future subject to judgments requiring the Company to pay significant damages or associated costs. In some instances, other parties may have contractual indemnification obligations to the Company. However, such contractual obligations may prove unenforceable or non-collectible, and if the Company cannot enforce or collect on indemnification obligations, the Company may bear the full responsibility for damages, fees, and costs resulting from such litigation. As a result of such litigation, the Company may also be subject to penalties and equitable remedies that could force the Company to alter important business practices. Such litigation could be costly and time consuming and could divert or distract the Company's management and key personnel from the business operations. Due to the uncertainty of litigation and depending on the amount and the timing, an unfavorable resolution of some or all of such matters could materially affect the Company's business, results of operations, financial position, or cash flows. The Company establishes liabilities when a particular contingency is probable and estimable which are included in Accrued liabilities on the consolidated balance sheets. At June 30, 2026 and December 31, 2025, the Company's established liabilities were not material. Tariffs The International Emergency Economic Powers Act (IEEPA) was used by the Trump administration to impose tariffs on imports. The U.S. Supreme Court ruled on February 20, 2026, that IEEPA does not authorize the President to impose tariffs, and as a result, on March 4, 2026, the Court of International Trade (CIT) ordered the Trump administration to begin refunding all tariffs imposed under IEEPA. On May 29, 2026, the administration appealed the CIT's ruling requiring universal refunds and reliquidation of finally liquidated entries. However, other entries, that are not finally liquidated are already being processed by U.S. Customs and Border Protection (CBP). The Company participated in the phase one IEEPA claim submissions, which began on April 20, 2026, and submitted a refund request for tariffs previously paid. During May and June 2026, the Company was informed that entries that paid tariffs of $9.2 million were approved for refunds and that the Company would also be paid $0.3 million of accrued interest. The Company received a nominal initial payment in July 2026. The Company believes it is appropriate to apply a loss recovery model to account for the tariff refunds and a gain contingency model to account for the accrued interest, as under the loss recovery model, the amount recognized is limited to the amount of the loss incurred. Under the loss recovery model, a recovery is recognized when it is probable and reasonably estimable. A gain contingency is not recognized until realization, with realization achieved upon resolution of all uncertainties. The administration's appeal relates to finally liquidated entries and does not affect phase one submissions. Therefore, with CBP having confirmed to the Company the specific entries to be refunded and the exact amount of accrued interest to be paid, the total amounts to be received from CBP are probable, estimable, and realized. There are no further uncertainties. As of June 30, 2026, the Company has recorded $9.5 million of tariff refund claims and accrued interest as a component of prepaid and other current assets on the Company's consolidated balance sheet, with no amounts recorded in prior periods. The $9.2 million of tariff refund claims is offset against cost of goods sold, the financial statement caption in which the original tariff cost was recognized, and the $0.3 million of interest income is recorded in interest income, net, on the Company's consolidated statement of operations.

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2026	Jul. 31, 2026
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2026
Document Transition Report	false
Entity File Number	001-41850
Entity Registrant Name	BED BATH & BEYOND, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-0634302
Entity Address, Address Line One	433 W. Ascension Way, 3rd Floor
Entity Address, City or Town	Murray,
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84123
City Area Code	801
Local Phone Number	947-3100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		95,330,379
Entity Central Index Key	0001130713
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2026
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	BBBY
Security Exchange Name	NYSE
Warrants to Purchase Shares of Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Warrants to Purchase Shares of Common Stock
Trading Symbol	BBBY WS
Security Exchange Name	NYSE

EQUITY SECURITIES - Schedule of Equity Securities Ownership Interest (Details)	6 Months Ended
	Jun. 30, 2026
tZERO Group, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	22.00%
Zulily Newco
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	25.00%
Medici Ventures, L.P.
Schedule of Equity Method Investments [Line Items]
Limited partner, ownership interest	99.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

+ Details

STOCK-BASED AWARDS

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

STOCK-BASED AWARDS

13. STOCK-BASED AWARDS

The Company has equity incentive and compensatory plans that provide for the grant of stock-based awards, including restricted stock and performance shares to employees and board members, and provide employees with the ability to purchase shares of its common stock through an employee stock purchase plan. Employee accounting applies to equity incentives and compensation granted by the Company to its own employees. When an award is forfeited prior to the vesting date, the Company recognizes an adjustment for the previously recognized expense in the period of the forfeiture.

Stock-based compensation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Cost of goods sold	$	—	$	1	$	—	$	2
Sales and marketing	(203)		42		(133)		145
Technology	27		662		381		719
General and administrative	2,249		2,681		3,357		3,614
Customer service and merchant fees	2		—		3		—
Total stock-based compensation	$	2,075	$	3,386	$	3,608	$	4,480

Restricted stock unit awards

The Company's Amended and Restated 2005 Equity Incentive Plan (the "Plan") provides for the grant of restricted stock units and other types of equity awards to employees and directors of the Company. The Compensation Committee of the Board of Directors approves grants of restricted stock unit awards to the Company's officers, board members, and employees. These restricted stock unit awards generally vest over a period of three years to four years, subject to the recipient's continuing service to us.

The cost of restricted stock units is determined using the fair value of the Company's common stock on the date of the grant and compensation expense is either recognized on a straight-line basis over the vesting schedule or on an accelerated schedule when vesting of restricted stock awards exceeds a straight-line basis. The cumulative amount of compensation expense recognized at any point in time is at least equal to the portion of the grant date fair value of the award that is vested at that date.

Performance Shares

Performance-based shares ("PSUs") granted to the Company's executive management team under the Plan are eligible to vest based on achieving specific performance metrics. To the extent any of the PSUs become earned based on the Company's achievement of the aforementioned performance metrics, such earned PSUs will vest as to one-third of the earned PSUs on each of the first, second, and third anniversaries of the grant date, subject to the recipient’s continued service through the vesting date. To be eligible to vest in any tranche of the PSUs, the Company must meet the threshold performance metrics established for the performance period. Expense is recognized as compensation cost based on the fair value on the date of grant over the performance period, taking into account the probability that the Company will satisfy the performance goals.

Stock-based compensation related to the PSUs is included in the stock-based compensation expense table above combined with the expense associated with the Company's restricted stock units, performance share options, and employee stock purchase plan. Stock-based compensation related to the PSUs was a credit of $1.8 million due to staff-related reductions and $0.8 million for the three months ended June 30, 2026 and 2025, respectively, and credits of $2.4 million and $1.3 million due to staff related reductions for the six months ended June 30, 2026 and 2025, respectively.

The following table summarizes restricted stock unit and PSU award activity (in thousands, except per share data):


	Six months ended June 30, 2026
	Units	Weighted Average Grant Date Fair Value
Outstanding—beginning of year	3,037	$	8.21
Granted at fair value	3,677	4.87
Vested	(1,245)	7.64
Forfeited	(995)	9.80
Outstanding—end of period	4,474	$	6.18

Share Options

Stock-based compensation related to the Performance Share Option is included in stock-based compensation expense table above combined with the expense associated with the Company's restricted stock units, PSUs, and employee stock purchase plan. Stock-based compensation related to the performance share options was $0.4 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively, and $0.9 million and $1.8 million for the six months ended June 30, 2026 and 2025, respectively.

The following table summarizes Share Options award activity for the six months ended June 30, 2026 (in thousands, except fair value data and remaining contractual term):


	Units	Weighted Average Exercise Price Per Share		Weighted Average Contractual Term Remaining (Years)	Aggregate Intrinsic Value
Outstanding—beginning of year	2,250	$	53.33
Granted at fair value	—	—
Vested	—	—
Forfeited	(500)	45.00
Outstanding—end of period	1,750	$	55.71	1.22	$	—
Vested and expected to vest as of June 30, 2026	1,750	$	55.71	1.22	$	—
Vested and exercisable as of June 30, 2026	—	$	—	—	$	—

Employee Stock Purchase Plan

Purchases under the 2021 Employee Stock Purchase Plan (the "ESPP") during the six months ended June 30, 2026 and 2025 were 67,219 shares and 90,921 shares, respectively, at an average purchase price per share of $4.53 and $5.43, respectively. At June 30, 2026, approximately 2.5 million shares of common stock remained available under the ESPP.

Stock-based compensation related to the ESPP is included in the stock-based compensation expense table above combined with the expense associated with the Company's restricted stock units, PSUs, and performance share options. Stock-based compensation related to the ESPP was $0.1 million and $0.2 million for the three months ended June 30, 2026 and 2025, respectively and $0.3 million and $0.4 million for the six months ended June 30, 2026 and 2025, respectively.

EQUITY SECURITIES - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair Value, Option, Quantitative Disclosures [Line Items]
Net loss recognized on our proportionate share of the net assets of our equity method securities	$ 0	$ (4,789)	$ (884)	$ (8,994)
Equity Securities Excluding TBHC
Fair Value, Option, Quantitative Disclosures [Line Items]
Decrease in fair value of equity method securities held under fair value option	$ 0	$ (1,787)	$ (1,521)	$ (14,655)

- Definition

Amount of income (loss) for proportionate share of equity method investee's income (loss).

+ References + Details

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS Completion of the Acquisition of The Container Store Holdings, LLC On July 8, 2026 the Company completed the previously announced acquisition of The Container Store Holdings, LLC, a Delaware limited liability company (“TCS”), pursuant to the Agreement and Plan of Merger (the “TCS Merger Agreement”), date April 2, 2026, by and among the Company, Falcon Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“TCS Merger Sub”) and TCS. Pursuant to the Merger Agreement, upon the terms and subject to the conditions set forth therein, Merger Sub merged with and into TCS, with TCS surviving as a wholly owned subsidiary of the Company (the “Merger”). Pursuant to the terms and conditions of the Merger Agreement, the Company issued an aggregate number of 13,714,287 shares of Common Stock and $112.6 million aggregate principal amount of Convertible Notes to holders of outstanding TCS indebtedness as merger consideration. On the Closing Date, the Company entered into an indenture (the “Indenture”), among the Company, the guarantors from time to time party thereto and Computershare Trust Company, National Association, as trustee, with respect to $112.6 million aggregate principal amount of the Company’s 5.00% Convertible Senior Notes due 2033 (the “Convertible Notes”) to be issued pursuant to the Merger Agreement. The Convertible Notes are senior, unsecured obligations of the Company and accrue interest payable semiannually in arrears at a rate of 5.00% per year on April 1 and October 1 of each year, beginning April 1, 2027. The Convertible Notes mature on July 8, 2033, unless earlier converted or repurchased. The Convertible Notes are guaranteed by certain subsidiaries of the Company. Under the Indenture, the Company agrees to use its reasonable best efforts to obtain the approval of its stockholders that is required under the applicable NYSE rules and regulations in connection with the issuance of its Common Stock. The Indenture provides that if the Company has not obtained such stockholder approval on or before the three-month anniversary of the Closing Date, the interest payable on the Convertible Notes will increase to 10.00% per year until such stockholder approval is obtained and if the Company has not obtained such stockholder approval on or before the six-month anniversary of the Closing Date, the interest payable on the Convertible Notes will increase to 12.00% per year until such stockholder approval is obtained. The conversion rate is initially 109.8901 shares of Common Stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $9.10 per share of Common Stock). The conversion rate is subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. In addition, following certain corporate events that occur prior to the maturity date, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Convertible Notes in connection with such a corporate event. The total preliminary purchase price consideration amounted to $168.6 million, representing (i) 13,714,287 shares of the Company’s common stock with a preliminary fair value of $67.7 million or $4.94 per share, based on the Company's closing share price of $5.37 on July 8, 2026, adjusted for a discount for lack of marketability of $0.43 per share due to the unregistered status of the shares issued, (ii) debt incurred for the issuance of Convertible Notes with a preliminary fair value of $108.4 million, (iii) less $7.5 million for the effective settlement of a pre-existing relationship short-term loan due to TCS Inc. The acquisition is being accounted for as a business combination in accordance with ASC 805, Business Combinations. The preliminary allocation of the purchase price to the assets acquired and liabilities assumed is currently being finalized. Management’s initial estimates of the fair value of identified intangible assets and other purchase accounting adjustments are reflected in the unaudited pro forma condensed combined financial information included in the Company’s Current Report on Form 8-K, filed concurrently with this Quarterly Report. The Company will disclose its formalized preliminary purchase price allocation and the required supplemental pro forma financial disclosures within its Note for Business Combinations in the Quarterly Report on Form 10-Q for the period ending September 30, 2026. Short-term Loan On July 10, 2026, the Company repaid the $7.5 million short-term loan to TCS Inc. Refer to Note 8—Borrowings for additional information on this transaction. Participation Agreement In January 2026 and November 2025, the Company purchased from certain lenders, via participation agreements for par/near par trades, a portion of the loans issued by TCS Inc. pursuant to the Term Loan Credit Agreement, dated as of January 28, 2025, as subsequently amended (“TCS Credit Agreement”). The aggregate purchase price for the Company’s participation in certain loans issued pursuant to the TCS Credit Agreement was $8.6 million. As a result of these transactions, the Company participated in the rights to the payment of interest and repayment of the loans and any exercise of rights or remedies related thereto. Immediately after the closing of the Merger on July 8, 2026, the participation agreements between the Company and certain lenders were settled. The carrying value of the participation on that date was $9.1 million, representing an aggregate purchase price of $8.6 million and accrued interest of $0.5 million. In connection with the settlement, the Company (i) received cash of $6.4 million, (ii) repurchased 286,663 shares of Common Stock with a fair value of $1.4 million and will hold those shares in treasury, and (iii) cancelled $1.3 million aggregate principal amount of Convertible Notes with a fair value of $1.3 million. Merger Agreement with F9 Brands, Inc. On July 23, 2026 (the “Effective Date”), the Company entered into an Agreement and Plan of Merger (the “F9 Merger Agreement”) by and among the Company, Beyond Home Services, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Purchaser”), F9 Merger Sub 1, Inc., a Delaware corporation and wholly owned subsidiary of Purchaser (“Merger Sub 1”), F9 Merger Sub 2, LLC, a Delaware limited liability company and wholly owned subsidiary of Purchaser (“Merger Sub 2”), F9 Investments, LLC, a Florida limited liability company (“Seller”), F9 Brands, Inc., a Delaware corporation (“F9”), and, solely for certain provisions thereof, Tom Sullivan, the indirect owner of Seller. Pursuant to the F9 Merger Agreement, and subject to the terms and conditions set forth therein, Merger Sub 1 will merge with and into F9 (the “First Merger”), immediately followed by the merger of F9 with and into Merger Sub 2 (the “Second Merger” and, together with the First Merger, the “Mergers”), with Merger Sub 2 surviving the Mergers as a wholly owned subsidiary of the Company. As this transaction has not closed prior to the issuance of these financial statements, the initial accounting for the business combination under ASC 805 has not yet been determined. Pursuant to the terms of the F9 Merger Agreement, the aggregate merger consideration expected to be delivered at closing includes (i) $7.0 million in cash, (ii) approximately 18.1 million shares of the Company’s common stock, subject to certain adjustments, including reductions related to cash payments under employee incentive arrangements, (iii) the transfer of certain real estate assets consisting of two manufacturing facilities in Sweden and one manufacturing facility in Poland, (iv) a promissory note in the principal amount of $4.6 million, repayable by the Company within 90 days following closing and guaranteed by the Company, and (v) earnout consideration of up to $12.5 million, payable upon the achievement of specified trailing twelve-month EBITDA targets at the end of any fiscal quarter beginning with the quarter ending September 30, 2026 through December 31, 2031. The completion of the Mergers is subject to customary closing conditions, including, among other things, (i) the absence of legal restraints or orders prohibiting the transaction, (ii) the absence of pending or threatened proceedings that would reasonably be expected to materially impair consummation of the transaction, (iii) the absence of a Material Adverse Effect as defined in the F9 Merger Agreement, (iv) the delivery of customary closing documents by the parties, (v) receipt of specified audited and unaudited financial statements of F9, and (vi) the accuracy of representations and warranties and compliance with covenants by the respective parties. In connection with the F9 Merger Agreement, the Company and Seller are expected to enter into a registration rights and lock-up agreement at closing. Under the contemplated arrangement, the Company will be required to file a resale shelf registration statement covering the shares issued as merger consideration following closing and will grant Seller customary registration rights. In addition, 50% of the shares issued as merger consideration will be subject to transfer restrictions for a period of twelve months following the closing date, subject to certain customary exceptions. Seller and its affiliates will also be subject to certain standstill restrictions for a period of twenty-four months following closing. The F9 Merger Agreement may be terminated under certain circumstances, including at the election of either party on or after October 31, 2026, subject to specified exceptions, by mutual written consent of the parties, or upon certain breaches of representations, warranties, or covenants that are not timely cured. The transaction is expected to close during the third quarter of 2026.

FAIR VALUE MEASUREMENT - Schedule of Level 3 Investment Activity (Details) - Level 3 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 35,492	$ 47,439
Increase due to purchases of Level 3 investments	7,168	16,266
Transfers out of Level 3 investments		(20,046)
Decrease in fair value of Level 3 investments		(8,711)
Accrued interest, net on Level 3 investments	448	544
Ending balance	$ 43,108	$ 35,492

PROPERTY AND EQUIPMENT, NET - Schedule of Capitalized Computer Software (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Property, Plant, and Equipment [Line Items]
Depreciation	$ 8,117	$ 3,881	$ 11,159	$ 8,506
Software, In-Development, Internally Developed, and Purchased
Property, Plant, and Equipment [Line Items]
Capitalized internal-use software and website development	3,356	1,599	4,729	2,947
Depreciation	$ 6,104	$ 2,770	$ 8,826	$ 6,159

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

REVENUE AND CONTRACT LIABILITY

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

REVENUE AND CONTRACT LIABILITY

14. REVENUE AND CONTRACT LIABILITY

Unearned Revenue

The following table provides information about unearned revenue from contracts with customers, including significant changes in unearned revenue balances during the periods presented (in thousands):


	Amount
Unearned revenue at December 31, 2024	$	43,095
Increase due to deferral of revenue at period end, net	24,725
Decrease due to beginning contract liabilities recognized as revenue	(33,391)
Unearned revenue at December 31, 2025	34,429
Increase due to deferral of revenue at period end, net	29,665
Increase due to business combinations	1,277
Decrease due to beginning contract liabilities recognized as revenue	(18,553)
Unearned revenue at June 30, 2026	$	46,818

The Company's total unearned revenue related to outstanding loyalty program rewards was $4.7 million and $4.1 million at June 30, 2026 and December 31, 2025, respectively. Breakage income related to loyalty program rewards and gift cards is recognized in Net revenue in the consolidated statements of operations. Breakage recognized in revenue was $0.8 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively and $1.6 million and $7.7 million for the six months ended June 30, 2026 and 2025, respectively. The timing of revenue recognition of these reward dollars is driven by actual customer activities, such as redemptions and expirations. At June 30, 2026 and December 31, 2025, the Company had an additional $2.3 million and $2.4 million, respectively, of unearned contract revenue classified within Other long-term liabilities on the consolidated balance sheets.

Sales returns allowance

The following table provides additions to and deductions from the sales returns allowance, which is included in the Accrued liabilities balance in the consolidated balance sheets (in thousands):


	Amount
Allowance for returns at December 31, 2024	$	9,526
Additions to the allowance	87,835
Deductions from the allowance	(89,639)
Allowance for returns at December 31, 2025	7,722
Additions due to business combinations	649
Additions to the allowance	39,386
Deductions from the allowance	(39,929)
Allowance for returns at June 30, 2026	$	7,828

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

LEASES (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Components of Lease Costs

The components of lease expenses were as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Operating lease cost	$	10,091	$	521	$	10,409	$	1,433

Short-term lease cost	226		—		226		—
Variable lease cost	20		308		32		617

Schedule of Other Lease Information

The following table provides a summary of other information related to leases (in thousands):


	Six months ended June 30,
	2026		2025

Cash payments included in operating cash flows from lease arrangements	$	11,672	$	1,226

Schedule of Additional Financial Information

The following table provides supplemental balance sheet information related to leases:


	June 30, 2026		December 31, 2025
Weighted-average remaining lease term—operating leases	3.97 years		6.76 years
Weighted-average discount rate—operating leases	10	%	7	%

Schedule of Operating Lease Liability Maturity

Maturity of lease liabilities under non-cancellable operating leases as of June 30, 2026, are as follows (in thousands):


Payments due by period	Amount
2026 (Remainder)	$	17,562
2027	37,546
2028	27,919
2029	19,789
2030	12,199
Thereafter	10,919
Total lease payments	125,934
Less interest	9,301
Present value of lease liabilities	$	116,633

INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

INTANGIBLE ASSETS, NET

6. INTANGIBLE ASSETS, NET

Intangible assets, net consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Intangible assets subject to amortization, gross (1)	$	5,644	$	5,645
Less: accumulated amortization of intangible assets	(4,133)		(3,813)
Intangible assets subject to amortization, net	1,511		1,832
Intangible assets not subject to amortization	44,908		43,308
Total intangible assets, net	$	46,419	$	45,140

___________________________________________

(1) At June 30, 2026, the weighted average remaining useful life for intangible assets subject to amortization, gross was 1.93 years.

REVENUE AND CONTRACT LIABILITY - Schedule of Deferred Revenues (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 34,429	$ 43,095
Increase due to deferral of revenue at period end, net	29,665	24,725
Increase due to business combinations	1,277
Decrease due to beginning contract liabilities recognized as revenue	(18,553)	(33,391)
Ending balance	$ 46,818	$ 34,429

LEASES - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
LEASES - Narrative (Details) $ in Millions	Jun. 30, 2026 USD ($)	Jun. 30, 2026 USD ($)
Lessee, Lease, Description [Line Items]
Lease impairment expense	$ 5.2	$ 5.2
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	7 years	7 years

REVENUE AND CONTRACT LIABILITY - Schedule of Sales Returns, Reserve For Sales Returns (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Sales Return, Reserve for Sales Returns [Roll Forward]
Beginning balance	$ 7,722	$ 9,526
Additions due to business combinations	649
Additions to the allowance	39,386	87,835
Deductions from the allowance	(39,929)	(89,639)
Ending balance	$ 7,828	$ 7,722

LEASES - Schedule of Other Lease Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Cash payments included in operating cash flows from lease arrangements	$ 11,672	$ 1,226

LEASES - Schedule of Additional Financial Information (Details)	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
Weighted-average remaining lease term—operating leases	3 years 11 months 19 days	6 years 9 months 3 days
Weighted-average discount rate—operating leases	10.00%	7.00%

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 99,485	$ 175,295
Restricted cash	26,891	26,924
Accounts receivable, net of allowance for credit losses of $2,716 and $3,377	29,797	20,829
Inventories	52,157	5,162
Prepaids and other current assets	29,037	11,905
Total current assets	237,367	240,115
Property and equipment, net	42,876	13,712
Intangible assets, net	46,419	45,140
Goodwill	101,946	6,160
Equity securities, including securities measured at fair value of $17,075 and $26,903	55,928	66,641
Operating lease right-of-use assets	115,796	5,156
Other long-term assets, net, including securities measured at fair value of $26,033 and $42,394	33,819	48,554
Total assets	634,151	425,478
Current liabilities:
Accounts payable	140,533	89,992
Accrued liabilities	68,251	51,297
Unearned revenue	46,818	34,429
Operating lease liabilities, current	33,565	928
Short-term debt, net	23,000	15,500
Total current liabilities	312,167	192,146
Long-term debt, net	13,455	0
Operating lease liabilities, non-current	83,068	5,643
Other long-term liabilities, including commitments measured at fair value of $0 and $2,766	10,373	9,745
Total liabilities	419,063	207,534
Commitments and contingencies (Note 10)
Stockholders' equity:
Preferred stock, $0.0001 par value, authorized shares - 5,000, issued and outstanding - none	0	0
Common stock, $0.0001 par value, authorized shares - 200,000, Issued shares - 89,604 and 76,358, Outstanding shares - 81,760 and 68,863	9	8
Additional paid-in capital	1,294,141	1,239,338
Accumulated deficit	(898,606)	(842,711)
Accumulated other comprehensive loss	(2,574)	(2,574)
Treasury stock at cost - 7,844 and 7,495	(178,206)	(176,478)
Equity attributable to stockholders of Bed Bath & Beyond, Inc.	214,764	217,583
Equity attributable to noncontrolling interests	324	361
Total stockholders' equity	215,088	217,944
Total liabilities and stockholders' equity	$ 634,151	$ 425,478

STOCKHOLDERS' EQUITY - Common Stock (Details)	Jun. 30, 2026 vote
Equity [Abstract]
Common stock, number of votes	1

NET LOSS PER SHARE - Schedule of Antidilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Restricted stock units, PSUs, and Share Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	1,863	3,344	1,863	3,344
Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	0	340	0	340
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	6,884	0	6,884	0

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 361,159	$ 282,251	$ 608,914	$ 513,999
Cost of goods sold	264,478	215,282	453,035	388,898
Gross profit	96,681	66,969	155,879	125,101
Operating expenses
Sales and marketing	43,108	38,209	75,418	69,499
Technology	24,334	23,221	45,548	49,939
General and administrative	57,527	14,088	72,390	28,402
Customer service and merchant fees	11,579	9,331	20,597	18,688
Other operating expense (income), net	3,016	(5,454)	3,016	(5,790)
Total operating expenses	139,564	79,395	216,969	160,738
Operating loss	(42,883)	(12,426)	(61,090)	(35,637)
Interest income, net	750	889	2,479	1,651
Other income (expense), net	120	(7,489)	449	(24,758)
Loss before income taxes	(42,013)	(19,026)	(58,162)	(58,744)
Provision (benefit) for income taxes	(2,516)	287	(2,267)	481
Net loss	$ (39,497)	$ (19,313)	$ (55,895)	$ (59,225)
Net loss per share of common stock:
Basic (in dollars per share)	$ (0.53)	$ (0.34)	$ (0.78)	$ (1.07)
Diluted (in dollars per share)	$ (0.53)	$ (0.34)	$ (0.78)	$ (1.07)
Weighted average shares of common stock outstanding:
Basic (in shares)	74,308	57,503	71,693	55,593
Diluted (in shares)	74,308	57,503	71,693	55,593

LEASES

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

LEASES

9. LEASES

The Company has operating leases for office space and a data center and, upon the completion of the merger with TBHC, certain retail store locations. The Company's leases have remaining lease terms of one year to seven years, some of which may include options to extend the leases perpetually, and some of which may include options to terminate the leases within one year. Variable lease costs include executory costs, such as taxes, insurance, and maintenance.

The components of lease expenses were as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Operating lease cost	$	10,091	$	521	$	10,409	$	1,433

Short-term lease cost	226		—		226		—
Variable lease cost	20		308		32		617

The following table provides a summary of other information related to leases (in thousands):


	Six months ended June 30,
	2026		2025

Cash payments included in operating cash flows from lease arrangements	$	11,672	$	1,226

The following table provides supplemental balance sheet information related to leases:


	June 30, 2026		December 31, 2025
Weighted-average remaining lease term—operating leases	3.97 years		6.76 years
Weighted-average discount rate—operating leases	10	%	7	%

Maturity of lease liabilities under non-cancellable operating leases as of June 30, 2026, are as follows (in thousands):


Payments due by period	Amount
2026 (Remainder)	$	17,562
2027	37,546
2028	27,919
2029	19,789
2030	12,199
Thereafter	10,919
Total lease payments	125,934
Less interest	9,301
Present value of lease liabilities	$	116,633

During the three and six months ended June 30, 2026, the Company recognized $5.2 million of impairment expense related to right-of-use assets and related long-lived store assets arising from store-closure decisions. Impairment expense is recognized in the consolidated statement of operations as other operating expense (income), net.

EQUITY SECURITIES

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

EQUITY SECURITIES

7. EQUITY SECURITIES

Equity securities consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Equity securities accounted for under the equity method under ASC 323	$	38,853	$	39,738
Equity securities accounted for under the fair value option	17,075		26,903

Total equity securities	$	55,928	$	66,641

The Company's equity securities accounted for under the equity method under ASC 323 and fair value option include equity securities in which the Company can exercise significant influence, but not control, over these entities through holding more than a 20% voting interest in the entity.

The following table includes the Company's equity securities and related ownership interest as of June 30, 2026:


			Ownership interest
Medici Ventures, L.P.			99%
tZERO Group, Inc.			22%

Zulily Newco			25%

On April 2, 2026, the Company completed the previously announced acquisition of TBHC and now effectively own 100% of TBHC's outstanding shares of common stock. See Note 3—Business Combinations for further information.

The carrying amount of the Company's equity method securities was $55.9 million at June 30, 2026, which is included in Equity securities on the consolidated balance sheets, of which $17.1 million was valued under the fair value option (tZERO and Zulily Newco). For the equity method investments, there was no difference in the carrying amount of the assets and liabilities and the maximum exposure to loss, and there was no difference between the carrying amount of the investment in Medici Ventures, L.P., and the amount of underlying equity the Company has in the entity's net assets.

The following table summarizes the net loss recognized on equity method securities recorded in Other income (expense), net in the consolidated statements of operations (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net loss recognized on our proportionate share of the net assets of our equity method securities	$	—	$	(4,789)	$	(884)	$	(8,994)
Decrease in fair value of equity method securities held under fair value option	—		(1,787)		(1,521)		(14,655)

Upon obtaining control of TBHC, the Company discontinued its application of equity method accounting resulting in a decrease in the fair value of equity method securities held under the fair value option of $8.3 million. Refer to Note 3—Business Combinations for further information on consolidation of TBHC.

TZROP Conversion

On April 29, 2026, tZERO Group, Inc. ("tZERO"), an investee of the Company in which the Company is the largest shareholder, announced that the required majority of holders of its TZROP security tokens had approved the proposal to convert each outstanding TZROP token into three shares of tZERO's Series B preferred stock and eight shares of tZERO's common stock. As a result of the conversion, the Company's combined direct and indirect ownership in tZERO, decreased from approximately 49.4% to 38.7%. The decrease in the Company's combined indirect and direct ownership did not have a material impact on the carrying value of the Company's investment in tZERO.

In connection with the proposed conversion, the Company entered into a non-binding Letter of Intent with tZERO pursuant to which the Company has indicated its intent to lead up to $10.0 million in additional financing through a convertible note financing. The proposed financing is expected to be funded in tranches subject to the achievement of specified operational and financial milestones. As of June 30, 2026, the proposed financing has not been funded or approved.

Regulation S-X Rule 10-01(b)(1)

In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered "significant subsidiaries". Summarized income statement information of an equity method investee is required in an interim report if the significance criteria are met as defined under SEC guidance. For the periods ended June 30, 2026 and 2025, none of the Company's equity method investees met the significance criteria.

BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

BUSINESS SEGMENTS

16. BUSINESS SEGMENTS

Segment Operations: The Company currently has one reportable segment, which is its Retail business. The reportable segment is comprised of the Company's Bed Bath & Beyond operating segment, Overstock.com operating segment, and TBHC operating segment which primarily sells home goods products to customers. Across each operating segment, the Company offers customers similar products, source from overlapping suppliers, the same customer type, have similar distribution methods, and operate under the same regulatory environment. The Company has determined that each of its operating segments share similar economic characteristics and business activities and are aggregated into a single reportable Retail segment. The Bed Bath & Beyond operating segment includes results from its buybuy BABY brand, which are not material to the business and are not separately reviewed by the Chief Operating Decision Maker. The Retail segment primarily derives revenues from omni-channel sales of home furnishing merchandise through its suite of websites and mobile applications.

The accounting policies of the Retail segment are the same as those described in the summary of significant accounting policies. The Chief Operating Decision Maker (CODM), who is the Company's Principal Executive Officer, assesses performance for the Retail segment and decides how to allocate resources based on Operating Income (loss) that also is reported on the Consolidated Statements of Operations. The measure of segment assets is Cash and Cash Equivalents, as reported on the Consolidated Balance Sheet.

The CODM uses Operating Income (Loss) to evaluate income generated from segment resources in deciding whether to reinvest profits into the Retail segment or for other uses, such as to make acquisitions or investments. The CODM also uses Operating Income (Loss) to monitor budget versus actual results. The monitoring of budgeted versus actual results is used in assessing performance of the segment and in establishing bonus metrics.

The following table summarizes the Company's segment revenue, significant segment expenses, other segment items, and segment loss (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net revenue	$	361,159	$	282,251	$	608,914	$	513,999
Less:
Cost of goods sold (as adjusted) (1)	264,303		215,264		452,862		388,695


Sales and marketing expense (as adjusted) (1)	42,894		38,122		75,117		69,229
Technology expense (as adjusted) (1)	15,971		17,493		33,084		37,329
General and administrative (as adjusted) (1)	41,439		10,115		50,144		21,364
Customer service and merchant fees (as adjusted) (1)	11,578		9,331		20,595		18,688
Other segment items (2)	27,857		4,352		38,202		14,331
Operating loss	$	(42,883)	$	(12,426)	$	(61,090)	$	(35,637)

___________________________________________

- Definition

The entire disclosure for segment reporting.

+ References

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+ Details

STOCK-BASED AWARDS - Summary of Stock Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 2,075	$ 3,386	$ 3,608	$ 4,480
Income Statement Location [Axis]: byon:CustomerServiceAndMerchantFees
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	2	0	3	0
Income Statement Location [Axis]: byon:TechnologyExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	27	662	381	719
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	0	1	0	2
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	2,249	2,681	3,357	3,614
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ (203)	$ 42	$ (133)	$ 145

BUSINESS COMBINATIONS - Summary of Purchase Consideration (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Jun. 30, 2026	Apr. 06, 2026	Apr. 02, 2026	Apr. 01, 2026
Business Combination [Line Items]
Share price (usd per share)	$ 5.79			$ 4.62
The Brand House Collective, Inc.
Business Combination [Line Items]
Share consideration issued			$ 12,498
Share consideration to TBHC's Equity Incentive Plan			1,145
Settlement of existing TBHC indebtedness			10,000
Settlement of preexisting relationships			48,246
Total fair value of consideration paid			71,889
Fair value of previously held equity interest in TBHC		$ 8,300	8,398
Investment in TBHC			$ 80,287
Merger, equity interest issuable (in shares)			2,705
Restricted stock units granted under incentive plan (in shares)			248
Settlement of notes payable			$ 43,732
Settlement of accrued interest			473
Settlement of accounts receivable			3,836
Settlement of collaboration fee receivable			$ 205
SVF Services
Business Combination [Line Items]
Share consideration issued	$ 37,080
Total fair value of consideration paid	$ 37,080
Merger, equity interest issuable (in shares)	7,200
Merger, price per share (in dollars per share)	$ 5.15

NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net loss per common share for the periods indicated (in thousands, except per share data):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Numerator:





Net loss attributable to common stockholders	$	(39,497)	$	(19,313)	$	(55,895)	$	(59,225)






Denominator:
Weighted average shares of common stock outstanding—basic	74,308		57,503		71,693		55,593


Weighted average shares of common stock outstanding—diluted	74,308		57,503		71,693		55,593








Net loss per share of common stock:
Basic	$	(0.53)	$	(0.34)	$	(0.78)	$	(1.07)
Diluted	$	(0.53)	$	(0.34)	$	(0.78)	$	(1.07)

Schedule of Antidilutive Securities

The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):


	Three months ended June 30,		Six months ended June 30,
	2026	2025	2026	2025
Restricted stock units, PSUs, and Share Options	1,863	3,344	1,863	3,344
Employee Stock Purchase Plan	—	340	—	340
Warrants	6,884	—	6,884	—

STOCKHOLDERS' EQUITY - Warrants (Details) - $ / shares		6 Months Ended
STOCKHOLDERS' EQUITY - Warrants (Details) - $ / shares	Oct. 02, 2025	Jun. 30, 2026
Equity [Abstract]
Number of warrants received, per share of common stock owned (in shares)	0.1
Warrant, exercise price (in dollars per share)	$ 15.50
Warrants exercised (in shares)		195
Warrants outstanding (in shares)		6,900,000

PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Computer hardware and software, including internal-use software and website development	$	266,420	$	186,022


Furniture and equipment	77,786		1,630


Leasehold improvements	93,146		1,159

	437,352		188,811
Less: accumulated depreciation	(394,476)		(175,099)
Total property and equipment, net	$	42,876	$	13,712

Capitalized costs associated with internal-use software and website development, both developed internally and acquired externally, and depreciation of costs for the same periods associated with internal-use software and website development consist of the following (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Capitalized internal-use software and website development	$	3,356	$	1,599	$	4,729	$	2,947
Depreciation of internal-use software and website development	6,104		2,770		8,826		6,159

Depreciation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Cost of goods sold	$	—	$	16	$	—	$	89
Technology	4,223		3,787		7,176		8,250
Sales and marketing	838		—		838		—
General and administrative	3,056		78		3,145		167
Total depreciation	$	8,117	$	3,881	$	11,159	$	8,506

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

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+ Details

DESCRIPTION OF BUSINESS	6 Months Ended
DESCRIPTION OF BUSINESS	Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS Bed Bath & Beyond, Inc. is an omni-channel-focused retailer with an affinity model that owns or has ownership interests in various brands, offering a comprehensive array of products and services that enable its customers to enhance everyday life through quality, style, and value. The Company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, the Kirkland's and Kirkland's Home brands, SFV Services, and now The Container Store (refer to Note 17—Subsequent Events), as well as other related brands and websites and a blockchain asset portfolio inclusive of tZERO, GrainChain, and other assets. As used herein, "Bed Bath & Beyond," "the Company," "we," "our" and similar terms include Bed Bath & Beyond, Inc. and its controlled subsidiaries, unless the context indicates otherwise.

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (55,895)	$ (59,225)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	11,159	8,924
Stock-based compensation to employees and directors	3,608	4,480
Gain on sale of intangible assets	0	(5,790)
Impairment of long-lived assets (including leases)	5,247	0
Gain on disposal of property and equipment	(22)	0
Loss from equity method securities	2,405	23,649
Other non-cash adjustments	(4,651)	1,545
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(7,133)	(2,500)
Inventories	8,842	3,136
Prepaids and other current assets	(12,945)	(1,748)
Other long-term assets, net	359	(554)
Accounts payable	1,761	29,368
Accrued liabilities	709	(28,477)
Unearned revenue	1,521	(5,433)
Operating lease assets and liabilities	(2,656)	208
Other long-term liabilities	(2,349)	(2,675)
Net cash used in operating activities	(50,040)	(35,092)
Cash flows from investing activities:
Expenditures for property and equipment	(4,649)	(2,994)
Purchase of intangible assets	(1,600)	(5,214)
Acquisitions of businesses, net of cash acquired	(6,010)	0
Purchase of equity securities	0	(8,000)
Proceeds from the sale of intangible assets	0	1,250
Proceeds from sale of property and equipment	31	0
Disbursement of notes receivable	(27,168)	(5,232)
Dividends from token offering	(37)
Other investing activities, net	0	2
Net cash used in investing activities	(39,433)	(20,188)
Cash flows from financing activities:
Proceeds from sale of common stock, net of offering costs	0	24,222
Payments on short-term debt	0	(6,500)
Proceeds from short-term debt	7,500	0
Repayments on revolving line of credit	(18,070)	0
Proceeds from revolving line of credit	25,924	0
Repurchase of shares	0	(1,311)
Payments of taxes withheld upon vesting of employee stock awards	(1,728)	(539)
Proceeds from employee stock purchase plan	354	0
Other financing activities, net	(350)	846
Net cash provided by financing activities	13,630	16,718
Net decrease in cash, cash equivalents, and restricted cash	(75,843)	(38,562)
Cash, cash equivalents, and restricted cash, beginning of period	202,219	186,093
Cash, cash equivalents, and restricted cash, end of period	126,376	147,531
Non-cash investing and financing activities:
Non-cash acquisition of TBHC and SFV Services	$ 94,979	$ 0

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands			2 Months Ended	6 Months Ended
	Jul. 10, 2026 USD ($)	Jul. 08, 2026 USD ($) $ / shares shares	Sep. 30, 2026 USD ($) facility shares	Jun. 30, 2026 USD ($) $ / shares	Jun. 30, 2025 USD ($)	Jun. 29, 2026 USD ($)	Apr. 01, 2026 $ / shares	Jan. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)
Subsequent Event [Line Items]
Share price (usd per share) \| $ / shares				$ 5.79			$ 4.62
Repayments of short-term debt				$ 0	$ 6,500
Available-for-sale debt securities				$ 26,033					$ 18,417
TCS
Subsequent Event [Line Items]
Available-for-sale debt securities								$ 8,600
Promissory Note \| Promissory Note
Subsequent Event [Line Items]
Principal amount						$ 7,500
Interest rate						8.00%
Subsequent Event
Subsequent Event [Line Items]
Share price (usd per share) \| $ / shares		$ 5.37
Repurchases of common stock (in shares) \| shares		286,663
Fair value of shares repurchased in the period		$ 1,400
Subsequent Event \| TCS
Subsequent Event [Line Items]
Available-for-sale debt securities		9,100
Accrued interest		500
Cash received from settlement of participation agreement		$ 6,400
Subsequent Event \| TCS
Subsequent Event [Line Items]
Common shares issued in acquisitions (in shares) \| shares		13,714,287
Consideration transferred		$ 168,600
Merger, equity interest issuable (in shares) \| shares		13,714,287
Share consideration issued		$ 67,700
Merger, price per share (in dollars per share) \| $ / shares		$ 4.94
Discount for lack of marketability (usd per share) \| $ / shares		$ 0.43
Settlement of preexisting relationships		$ 7,500
Subsequent Event \| F9 Merger \| Forecast
Subsequent Event [Line Items]
Merger, equity interest issuable (in shares) \| shares			18,100,000
Cash payments in acquisition			$ 7,000
Maximum contingent earnout liability			$ 12,500
Percentage of shares issued as merger consideration subject to transfer restrictions			50.00%
Shares issued as merger consideration subject to transfer restrictions, restriction period			12 months
Seller standstill restriction period			24 months
Subsequent Event \| F9 Merger \| Forecast \| SWEDEN
Subsequent Event [Line Items]
Number of manufacturing facilities acquired \| facility			2
Subsequent Event \| F9 Merger \| Forecast \| POLAND
Subsequent Event [Line Items]
Number of manufacturing facilities acquired \| facility			1
Subsequent Event \| 5.00% Convertible Senior Notes \| TCS
Subsequent Event [Line Items]
Convertible debt, fair value		108,400
Subsequent Event \| Promissory Note \| Promissory Note
Subsequent Event [Line Items]
Repayments of short-term debt	$ 7,500
Subsequent Event \| Promissory Note \| F9 Merger \| Forecast
Subsequent Event [Line Items]
Principal amount			$ 4,600
Debt instrument, term			90 days
Subsequent Event \| Convertible Debt
Subsequent Event [Line Items]
Amount of debt cancelled		1,300
Subsequent Event \| Convertible Debt \| 5.00% Convertible Senior Notes
Subsequent Event [Line Items]
Principal amount		$ 112,600
Interest rate		5.00%
Conversion ratio		0.1098901
Conversion price (usd per share) \| $ / shares		$ 9.10
Subsequent Event \| Convertible Debt \| 5.00% Convertible Senior Notes \| Debt Interest Rate, Scenario One
Subsequent Event [Line Items]
Period in which interest rate is determined after closing date of acquisition		3 months
Interest rate		10.00%
Subsequent Event \| Convertible Debt \| 5.00% Convertible Senior Notes \| Debt Interest Rate, Scenario Two
Subsequent Event [Line Items]
Period in which interest rate is determined after closing date of acquisition		6 months
Interest rate		12.00%

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 2,716	$ 3,377
Equity securities, fair value	17,075	26,903
Debt securities, fair value	26,033	42,394
Loan commitments, at fair value	$ 0	$ 2,766
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, outstanding (in shares)	0	0
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	89,604,000	76,358,000
Common stock, shares outstanding (in shares)	81,760,000	68,863,000
Treasury stock (in shares)	7,844,000	7,495,000

PROPERTY AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Schedule of Property, Plant, and Equipment

Property and equipment, net consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Computer hardware and software, including internal-use software and website development	$	266,420	$	186,022


Furniture and equipment	77,786		1,630


Leasehold improvements	93,146		1,159

	437,352		188,811
Less: accumulated depreciation	(394,476)		(175,099)
Total property and equipment, net	$	42,876	$	13,712

Schedule of Capitalized Computer Software


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Capitalized internal-use software and website development	$	3,356	$	1,599	$	4,729	$	2,947
Depreciation of internal-use software and website development	6,104		2,770		8,826		6,159

Schedule of Depreciation Expense

Depreciation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Cost of goods sold	$	—	$	16	$	—	$	89
Technology	4,223		3,787		7,176		8,250
Sales and marketing	838		—		838		—
General and administrative	3,056		78		3,145		167
Total depreciation	$	8,117	$	3,881	$	11,159	$	8,506

BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Summary of the Components of the Purchase Price

The following table summarizes the components of the purchase consideration (in thousands):


Share consideration issued to TBHC shareholders (1)	$	12,498
Share consideration to TBHC's Incentive Plan (2)	1,145
Settlement of existing TBHC indebtedness (3)	10,000
Settlement of preexisting relationships (4)	48,246
Total fair value of consideration paid	71,889
Fair value of previously held equity interest in TBHC (5)	8,398
Investment in TBHC	$	80,287

___________________________________________

(2) Represents the aggregate fair value of 248 common shares of the Company issued in exchange for TBHC RSU equity awards that accelerated upon the change in control.

(3) Represents the settlement of TBHC existing indebtedness

(5) Represents the reported amount of the Company’s previously held interests in TBHC.

The following table summarizes the components of the purchase consideration (in thousands):


Share consideration issued to SFV Services shareholders (1)	$	37,080
Investment in SFV Services	$	37,080

___________________________________________

Summary of Purchase Price Allocation to Assets Acquired and Liabilities Assumed

The Company has provisionally allocated the purchase price based on the fair values of the assets acquired and liabilities assumed at the TBHC acquisition date as follows (in thousands):


	April 2, 2026
Cash and cash equivalents	$	—
Inventories, net	56,194
Prepaid expenses and other current	7,076
Fixed assets, net	34,128
Goodwill	63,701
Operating lease right-of-use assets	121,731
Other long-term assets, net including securities measured at fair value	2,477
Total assets acquired	285,307
Accounts payable	53,887
Accrued liabilities	18,643
Unearned revenue	143
Operating lease liabilities, current	33,520
Long-term debt, net	6,811
Operating lease liabilities, non-current	85,699
Other long-term liabilities, including commitments measured at fair value	6,317
Total liabilities assumed	205,020
Net assets acquired	80,287
Less: Fair value of previously held equity interest	(8,398)
Total purchase consideration transferred	71,889
Less: Cash acquired	—
Purchase price, net of cash acquired	$	71,889

The Company has provisionally allocated the purchase price based on the fair values of the assets acquired and liabilities assumed at the SFV Services acquisition date as follows (in thousands):


	June 30, 2026
Cash and cash equivalents	$	3,990
Accounts receivable, net	2,748
Prepaid expenses and other current	758
Fixed assets, net	35
Goodwill	32,295
Operating lease right-of-use assets	783
Other long-term assets, net including securities measured at fair value	140
Total assets acquired	40,749
Accounts payable	1,432
Accrued liabilities	284
Unearned revenue	1,134
Operating lease liabilities, current	214
Operating lease liabilities, non-current	569
Other long-term liabilities, including commitments measured at fair value	36
Total liabilities assumed	3,669
Net assets acquired	37,080
Less: Cash acquired	(3,990)
Purchase price, net of cash acquired	$	33,090

Business Combination, Pro Forma Information

The following reflects the pro forma impact of the purchase of TBHC on the Company’s results of operations giving effect of the transaction if it had taken place on January 1, 2025 (in thousands):


	Three months ended June 30,			Six months ended June 30,
	2026		2025	2026	2025
Revenue	$	361,159	333,786	652,732	647,037
Net income (loss)	(39,497)		(31,504)	(79,431)	(83,240)


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Revenue	$	374,124	$	298,003	$	636,149	$	543,865
Net income (loss)	(37,871)		(18,249)		(53,397)		(56,300)

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References + Details

STOCKHOLDERS' EQUITY	6 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2026
Equity [Abstract]
STOCKHOLDERS' EQUITY	12. STOCKHOLDERS' EQUITY Common Stock Each share of common stock has the right to one vote. The holders of common stock are also entitled to receive dividends declared by the Board of Directors out of funds legally available, subject to prior rights of holders of all classes of stock outstanding having priority rights as to dividends. JonesTrading Sales Agreement The Company entered into a Capital on DemandTM Sales Agreement (the "Sales Agreement") dated June 10, 2024 with JonesTrading Institutional Services LLC ("JonesTrading"), under which the Company has conducted and may in the future conduct "at the market" public offerings of its common stock. Under the Sales Agreement, JonesTrading, acting as the Company's sales agent or principal, may offer the Company's common stock in the market on a daily basis or otherwise as the Company requests from time to time. The Company has no obligation to sell shares under the Sales Agreement, but it may do so from time to time. For the six months ended June 30, 2026, the Company did not sell any shares of its common stock pursuant to the Sales Agreement. For the six months ended June 30, 2025, the Company sold 4,331,713 shares of its common stock pursuant to the Sales Agreement and has recognized $24.2 million in proceeds, net of $0.5 million of offering costs, including commissions paid to JonesTrading. As of June 30, 2026, the Company had $16.0 million remaining available under its "at the market" sales program. Warrants On September 22, 2025, the Company announced that its Board of Directors had declared a warrant dividend distribution (the "Warrant Distribution") to the record holders of the Company's common stock (the "Common Stock"), in the form of warrants to purchase Common Stock (the "Warrants"). Holders of Common Stock at the close of business on October 2, 2025 (the "Record Date") received one warrant for each ten shares of Common Stock then owned, rounded down to the nearest whole number. The Warrants were distributed to holders of Common Stock on the terms and conditions described in the Warrant Agreement, dated as of October 7, 2025, between the Company, Computershare, Inc., a Delaware corporation, and its affiliate, Computershare Trust Company, N.A., as Warrant Agent. The Warrants have a cash exercise price of $15.50, and will expire on October 7, 2026, unless the Early Expiration Price Condition (as defined in the Warrant Agreement) is met. For the six months ended June 30, 2026, 195 warrants were exercised. As of June 30, 2026, 6.9 million Warrants remained outstanding.

- Definition

The entire disclosure for equity.

+ References

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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The following tables summarize the Company's assets and liabilities measured at fair value on a recurring basis using the following levels of inputs (in thousands):


	Fair Value Measurements at June 30, 2026
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents—Money market funds	$	23,135	$	23,135	$	—	$	—
Equity securities, at fair value	17,075		—		—		17,075
Available-for-sale debt securities (1)	26,033		—		—		26,033


Total assets	$	66,243	$	23,135	$	—	$	43,108


	Fair Value Measurements at December 31, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents—Money market funds	$	22,717	$	22,717	$	—	$	—
Equity securities, at fair value	26,903		9,828		—		17,075
Available-for-sale debt securities (1)	18,417		—		—		18,417
Debt securities, at fair value (1)	23,977		—		23,977		—

Total assets	$	92,014	$	32,545	$	23,977	$	35,492
Liabilities:
Loan commitments, at fair value (2)	$	2,766	$	—	$	—	$	2,766

Total liabilities	$	2,766	$	—	$	—	$	2,766

___________________________________________

(1) Included in Other long-term assets, net in the consolidated balance sheets.

(2) Included in Other long-term liabilities in the consolidated balance sheets.

Schedule of Level 3 Investment Activity

The following table provides activity for the Company's Level 3 investments (in thousands):


	Amount
Level 3 investments at December 31, 2024	$	47,439
Increase due to purchases of Level 3 investments	16,266
Transfers out of Level 3 investments	(20,046)
Decrease in fair value of Level 3 investments	(8,711)
Accrued interest on Level 3 investments	544
Level 3 investments at December 31, 2025	35,492
Increase due to purchases of Level 3 investments	7,168


Accrued interest, net on Level 3 investments	448
Level 3 investments at June 30, 2026	$	43,108

Schedule of Level 3 Liability Activity

The following table provides activity for the Company's Level 3 liabilities (in thousands):


	Amount
Level 3 liabilities at December 31, 2024	$	—
Fair value of Level 3 liabilities assumed	2,766
Level 3 liabilities at December 31, 2025	2,766
Derecognition of Level 3 liabilities assumed	(2,766)
Level 3 liabilities at June 30, 2026	$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands	Total	Parent	Common stock	Common stock The Brand House Collective, Inc.	Common stock SVF Services	Treasury stock	Additional paid-in capital	Additional paid-in capital The Brand House Collective, Inc.	Additional paid-in capital SVF Services	Accumulated deficit	Accumulated other comprehensive loss	Noncontrolling interest
Beginning balance (in shares) at Dec. 31, 2024			59,560
Increase (Decrease) in Stockholders' Equity
Common stock issued upon vesting of restricted stock (in shares)			339
Common stock issued for ESPP purchases (in shares)			91
Common shares issued in acquisitions (in shares)				0	0
Common stock sold through offerings (in shares)			4,332
Ending balance (in shares) at Jun. 30, 2025			64,322
Beginning balance, treasury stock (in shares) at Dec. 31, 2024						6,491
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (in shares)						333
Tax withholding upon vesting of employee stock awards (in shares)						93
Ending balance, treasury stock (in shares) at Jun. 30, 2025						6,917
Beginning balance at Dec. 31, 2024			$ 5,000			$ (169,676,000)	$ 1,072,869,000			$ (740,466,000)		$ 0
Increase (Decrease) in Stockholders' Equity
Stock-based compensation to employees and directors							4,480,000
Common stock issued for ESPP purchases							509,000
Common stock sold through offerings, net							24,221,000
Common shares issued in acquisitions				$ 0	$ 1,000			$ 0	$ 0
Net loss	$ (59,225,000)									(59,225,000)
Repurchases of common stock						(1,311,000)
Tax withholding upon vesting of employee stock awards						(539,000)
Proceeds from security token offering, net												337,000
Dividends from token offering												0
Net loss attributable to noncontrolling interests												0
Ending balance at Jun. 30, 2025	131,205,000	$ 130,868,000	$ 6,000			$ (171,526,000)	1,102,079,000			(799,691,000)	$ 0	337,000
Beginning balance (in shares) at Mar. 31, 2025			63,413
Increase (Decrease) in Stockholders' Equity
Common stock issued upon vesting of restricted stock (in shares)			64
Common stock issued for ESPP purchases (in shares)			0
Common shares issued in acquisitions (in shares)				0	0
Common stock sold through offerings (in shares)			845
Ending balance (in shares) at Jun. 30, 2025			64,322
Beginning balance, treasury stock (in shares) at Mar. 31, 2025						6,581
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (in shares)						333
Tax withholding upon vesting of employee stock awards (in shares)						3
Ending balance, treasury stock (in shares) at Jun. 30, 2025						6,917
Beginning balance at Mar. 31, 2025			$ 6,000			$ (170,203,000)	1,093,943,000			(780,378,000)		0
Increase (Decrease) in Stockholders' Equity
Stock-based compensation to employees and directors							3,386,000
Common stock issued for ESPP purchases							0
Common stock sold through offerings, net							4,750,000
Common shares issued in acquisitions				$ 0	$ 0			0	0
Net loss	(19,313,000)									(19,313,000)
Repurchases of common stock						(1,311,000)
Tax withholding upon vesting of employee stock awards						(12,000)
Proceeds from security token offering, net												337,000
Dividends from token offering												0
Net loss attributable to noncontrolling interests												0
Ending balance at Jun. 30, 2025	$ 131,205,000	130,868,000	$ 6,000			$ (171,526,000)	1,102,079,000			(799,691,000)	0	337,000
Increase (Decrease) in Stockholders' Equity
Common stock, shares outstanding (in shares)			57,405
Common stock, shares outstanding (in shares)	68,863
Beginning balance (in shares) at Dec. 31, 2025			76,358
Increase (Decrease) in Stockholders' Equity
Common stock issued upon vesting of restricted stock (in shares)			1,245
Common stock issued for ESPP purchases (in shares)			67
Common shares issued in acquisitions (in shares)				4,734	7,200
Common stock sold through offerings (in shares)			0
Ending balance (in shares) at Jun. 30, 2026			89,604
Beginning balance, treasury stock (in shares) at Dec. 31, 2025	7,495					7,495
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (in shares)						0
Tax withholding upon vesting of employee stock awards (in shares)						349
Ending balance, treasury stock (in shares) at Jun. 30, 2026	7,844					7,844
Beginning balance at Dec. 31, 2025	$ 217,944,000		$ 8,000			$ (176,478,000)	1,239,338,000			(842,711,000)		361,000
Increase (Decrease) in Stockholders' Equity
Stock-based compensation to employees and directors							3,608,000
Common stock issued for ESPP purchases							354,000
Common stock sold through offerings, net							0
Common shares issued in acquisitions				$ 0	$ 1,000			13,761,000	37,080,000
Net loss	(55,895,000)									(55,895,000)
Repurchases of common stock						0
Tax withholding upon vesting of employee stock awards						(1,728,000)
Proceeds from security token offering, net												0
Dividends from token offering												(37,000)
Net loss attributable to noncontrolling interests												0
Ending balance at Jun. 30, 2026	$ 215,088,000	214,764,000	$ 9,000			$ (178,206,000)	1,294,141,000			(898,606,000)	(2,574,000)	324,000
Beginning balance (in shares) at Mar. 31, 2026			77,045
Increase (Decrease) in Stockholders' Equity
Common stock issued upon vesting of restricted stock (in shares)			625
Common stock issued for ESPP purchases (in shares)			0
Common shares issued in acquisitions (in shares)				4,734	7,200
Common stock sold through offerings (in shares)			0
Ending balance (in shares) at Jun. 30, 2026			89,604
Beginning balance, treasury stock (in shares) at Mar. 31, 2026						7,689
Increase (Decrease) in Stockholders' Equity
Repurchases of common stock (in shares)						0
Tax withholding upon vesting of employee stock awards (in shares)						155
Ending balance, treasury stock (in shares) at Jun. 30, 2026	7,844					7,844
Beginning balance at Mar. 31, 2026			$ 8,000			$ (177,458,000)	1,241,225,000			(859,109,000)		361,000
Increase (Decrease) in Stockholders' Equity
Stock-based compensation to employees and directors							2,075,000
Common stock issued for ESPP purchases							0
Common stock sold through offerings, net							0
Common shares issued in acquisitions				$ 0	$ 1,000			$ 13,761,000	$ 37,080,000
Net loss	$ (39,497,000)									(39,497,000)
Repurchases of common stock						0
Tax withholding upon vesting of employee stock awards						(748,000)
Proceeds from security token offering, net												0
Dividends from token offering												(37,000)
Net loss attributable to noncontrolling interests												0
Ending balance at Jun. 30, 2026	$ 215,088,000	$ 214,764,000	$ 9,000			$ (178,206,000)	$ 1,294,141,000			$ (898,606,000)	$ (2,574,000)	$ 324,000
Increase (Decrease) in Stockholders' Equity
Common stock, shares outstanding (in shares)	81,760		81,760

REVENUE AND CONTRACT LIABILITY (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Deferred Revenues

The following table provides information about unearned revenue from contracts with customers, including significant changes in unearned revenue balances during the periods presented (in thousands):


	Amount
Unearned revenue at December 31, 2024	$	43,095
Increase due to deferral of revenue at period end, net	24,725
Decrease due to beginning contract liabilities recognized as revenue	(33,391)
Unearned revenue at December 31, 2025	34,429
Increase due to deferral of revenue at period end, net	29,665
Increase due to business combinations	1,277
Decrease due to beginning contract liabilities recognized as revenue	(18,553)
Unearned revenue at June 30, 2026	$	46,818

Schedule of Sales Returns, Reserve For Sales Returns

The following table provides additions to and deductions from the sales returns allowance, which is included in the Accrued liabilities balance in the consolidated balance sheets (in thousands):


	Amount
Allowance for returns at December 31, 2024	$	9,526
Additions to the allowance	87,835
Deductions from the allowance	(89,639)
Allowance for returns at December 31, 2025	7,722
Additions due to business combinations	649
Additions to the allowance	39,386
Deductions from the allowance	(39,929)
Allowance for returns at June 30, 2026	$	7,828

BUSINESS SEGMENTS - Summary of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Segment Reporting [Line Items]
Net revenue	$ 361,159	$ 282,251	$ 608,914	$ 513,999
Cost of goods sold	264,478	215,282	453,035	388,898
Sales and marketing	43,108	38,209	75,418	69,499
Technology	24,334	23,221	45,548	49,939
General and administrative	57,527	14,088	72,390	28,402
Customer service and merchant fees	11,579	9,331	20,597	18,688
Operating loss	(42,883)	(12,426)	(61,090)	(35,637)
Reportable Segment
Segment Reporting [Line Items]
Net revenue	361,159	282,251	608,914	513,999
Cost of goods sold	264,303	215,264	452,862	388,695
Sales and marketing	42,894	38,122	75,117	69,229
Technology	15,971	17,493	33,084	37,329
General and administrative	41,439	10,115	50,144	21,364
Customer service and merchant fees	11,578	9,331	20,595	18,688
Other segment items	27,857	4,352	38,202	14,331
Operating loss	$ (42,883)	$ (12,426)	$ (61,090)	$ (35,637)

LEASES - Schedule of Operating Lease Liability Maturity (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Payments due by period
2026 (Remainder)	$ 17,562
2027	37,546
2028	27,919
2029	19,789
2030	12,199
Thereafter	10,919
Total lease payments	125,934
Less interest	9,301
Present value of lease liabilities	$ 116,633

NET LOSS PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Numerator:
Net loss attributable to common stockholders	$ (39,497)	$ (19,313)	$ (55,895)	$ (59,225)
Denominator:
Weighted average shares of common stock outstanding—basic (in shares)	74,308	57,503	71,693	55,593
Weighted average shares of common stock outstanding—diluted (in shares)	74,308	57,503	71,693	55,593
Net loss per share of common stock:
Basic (in dollars per share)	$ (0.53)	$ (0.34)	$ (0.78)	$ (1.07)
Diluted (in dollars per share)	$ (0.53)	$ (0.34)	$ (0.78)	$ (1.07)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

NET LOSS PER SHARE

15. NET LOSS PER SHARE

The following table sets forth the computation of basic and diluted net loss per common share for the periods indicated (in thousands, except per share data):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Numerator:





Net loss attributable to common stockholders	$	(39,497)	$	(19,313)	$	(55,895)	$	(59,225)






Denominator:
Weighted average shares of common stock outstanding—basic	74,308		57,503		71,693		55,593


Weighted average shares of common stock outstanding—diluted	74,308		57,503		71,693		55,593








Net loss per share of common stock:
Basic	$	(0.53)	$	(0.34)	$	(0.78)	$	(1.07)
Diluted	$	(0.53)	$	(0.34)	$	(0.78)	$	(1.07)

The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):


	Three months ended June 30,		Six months ended June 30,
	2026	2025	2026	2025
Restricted stock units, PSUs, and Share Options	1,863	3,344	1,863	3,344
Employee Stock Purchase Plan	—	340	—	340
Warrants	6,884	—	6,884	—