NXHNasdaqRetail-Catalog & Mail-Order HousesUS GAAP · USD

Bed Bath & Beyond, Inc

Neighborhood Intelligence, Inc. is a U.S.-focused, e-commerce retailer operating an affinity-based portfolio of home, furniture, baby, lifestyle, and specialty retail brands. Its digital marketplace and mobile applications connect consumers with a broad assortment through partner-fulfilled and warehouse-supported orders, complemented by customer loyalty, credit, delivery, warranty, shipping-insurance, and installation services.

Revenue1,045m USD
−25.1 %y/y
Operating profit (EBIT)-61.2m USD
+67.9 %y/y
EBIT margin-5.9%
+7.8 ppy/y
Net income-84.6m USD
+67.3 %y/y
Free cash flow-64.1m USD
+66.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1,00001,0002,0003,000m USD2020: 2,494 m USD2020: EBIT 97 m USD20202021: 2,756 m USD2021: EBIT 111 m USD20212022: 405 m USD2022: EBIT -2.6 m USD20222023: 1,561 m USD2023: EBIT -144 m USD20232024: 1,395 m USD2024: EBIT -191 m USD20242025: 1,045 m USD2025: EBIT -61 m USD20251,045-61
RevenueOperating profit (EBIT)

Business

Share of revenue
Home and furniture55 %

Furniture, bedding, bath, rugs, décor, storage, and outdoor products.

Lifestyle and specialty retail20 %

Jewelry, watches, fashion, tabletop, cookware, and related lifestyle goods.

Baby and family products15 %

Baby merchandise and related products offered through the buybuy BABY brand.

Add-on services7 %

Warranties, shipping insurance, installation, and other order-related services.

Advertising and customer programs3 %

Business advertising opportunities, loyalty memberships, and private-label credit services.

Customers

The company sells primarily to U.S. consumers shopping online for home, furniture, baby, and lifestyle merchandise. Bed Bath & Beyond and Overstock appeal to customers seeking broad assortments, value, and convenience, while buybuy BABY serves families purchasing infant and child-related products. Purchases are supported by digital marketing, loyalty programs, private-label credit, customer service, and delivery-related services. The marketplace model also gives brand and marketplace partners access to customer demand, fulfillment capabilities, returns handling, and marketing services.

Home and furniture shoppers

Buy furniture, bedding, bath, rugs, décor, and outdoor products for household use.

Baby and family households

Purchase infant, child, and family products through the buybuy BABY brand.

Lifestyle consumers

Buy jewelry, watches, fashion, cookware, tabletop, and related lifestyle goods.

Marketplace and brand partners

Use the platform for customer access, marketing, fulfillment, service, and returns.

Strategy

The company is focused on rebuilding a multi-brand, omni-channel retail platform around its digital marketplace and customer base. Strategic priorities include integrating acquired brands and capabilities, expanding assortment and services, improving customer engagement, and pursuing complementary acquisitions. Platform integration is intended to increase cross-brand traffic, operating leverage, and the usefulness of customer data while broadening the company’s position in home and specialty retail.

Multi-brand platform integrationMedium term

A common platform can improve cross-selling, technology utilization, and customer reach.

Omni-channel retail expansionMedium term

Physical and digital touchpoints can broaden engagement with Bed Bath & Beyond and buybuy BABY customers.

Customer retention and monetizationShort term

Loyalty and credit programs can support repeat purchasing and more relevant marketing.

Assortment and service expansionMedium term

A broader selection and add-on services can increase shopping occasions and order value.

Geography

Neighborhood Intelligence operates primarily through digital commerce channels serving customers in the United States. Its principal online properties include Bed Bath & Beyond and Overstock, with buybuy BABY and other retail brands extending the customer proposition. The company uses a Utah data center alongside additional data centers and public-cloud providers to support websites, applications, backups, and disaster recovery. The available reports do not disclose a country-level revenue allocation.

Risks

The asset-light e-commerce model depends heavily on third-party partners for fulfillment, payment processing, delivery, customer service, and cloud infrastructure, so partner failures or cost increases can directly disrupt operations. Cybersecurity, privacy, platform availability, and data-quality risks are material because the company stores customer information and relies on interconnected systems. Competition, consumer demand, acquisition integration, capital availability, and global supply-chain conditions can also affect growth and execution.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cybersecurity and data privacy1Third-party operating dependency2Competitive technology change3Acquisition and integration execution4Consumer and supply-chain sensitivity5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cybersecurity and data privacyImpact: CriticalLikelihood: Medium

    The company stores confidential information and faces phishing, ransomware, software, insider, and third-party system threats.

    Exposure: Customer data and digital infrastructure

  2. Third-party operating dependencyImpact: HighLikelihood: Medium

    Payment processors, delivery providers, cloud services, and partner fulfillment support critical activities.

    Exposure: Operations and customer experience

  3. Competitive technology changeImpact: HighLikelihood: Medium

    Retail competitors may use AI and other technologies more effectively in merchandising, engagement, and efficiency.

    ExposureTrafficConversionCustomer retention
  4. Acquisition and integration executionImpact: HighLikelihood: Medium

    Acquired businesses may contain technology, cybersecurity, or operating weaknesses and may not integrate as planned.

    Exposure: Platform integration and capital allocation

  5. Consumer and supply-chain sensitivityImpact: MediumLikelihood: High

    Household demand, shipping costs, tariffs, global conflict, and supplier conditions can affect sales and fulfillment economics.

    Exposure: Merchandise demand and delivery costs

Accounting

Judgemental items
Revenue reductions from promotions

Discounted shipping, coupons, and similar promotions reduce consideration and are recorded against revenue rather than sales and marketing expense.

Impact: Affects net revenue and reported gross margin.

Marketplace and partner arrangements

The company must assess whether it controls goods or services and whether partner relationships should be presented gross or net.

Impact: Can materially change reported revenue and cost of revenue.

Primary beneficiary determination

Investments in unconsolidated entities require judgment over control and the obligation to consolidate.

Impact: Can change the assets, liabilities, revenue, and expenses included in consolidated statements.

Tax contingencies

Tax assessments and changes in federal, state, local, and foreign rules create uncertain obligations.

Impact: Changes can affect tax expense, liabilities, and cash payments.

Returns, allowances, and credit losses

E-commerce orders involve returns, refunds, customer credits, and receivable collectability estimates.

Impact: Affects revenue, receivables, provisions, and working capital.

Acquisition-related impairment

Brands, technology, goodwill, and other acquired assets may not generate expected cash flows after integration.

Impact: Impairment charges can reduce earnings and carrying values.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026