$NXH

NEIGHBORHOOD INTELLIGENCE, INC.

CIK:0001130713|SEC Filings

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

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

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