v3.26.1
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,
2026202520262025
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)
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(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.