olivLaw · US equity research
Neighborhood Intelligence, Inc. NXH
Retail-Catalog & Mail-Order Houses · SIC 5961 · Vertical: Retail-Catalog & Mail-Order Houses (SIC 5961)
Neighborhood Intelligence, formerly Bed Bath & Beyond, is an e-commerce-focused retailer with an affinity model that is now extending into home services and homeownership through a series of acquisitions completed in 2026. The company reported fiscal 2025 revenue of 1044.6 million USD, down 25% from the prior year, which makes it relevant whether the integration strategy can reverse the trend.
At the close of 04 Nov 2026, Neighborhood Intelligence, Inc. (NXH) stock was 1.71 USD (+1.18% on the day), with market capitalisation 163.0 m USD, beta 2.13, 52-week range 1.40–7.42 USD. Latest reported quarter (Q2 2026): revenue of 361.2 m USD (+28.0% YoY), net income of -39.5 m USD, diluted EPS -0.53 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 37.4
- weak (30–45)
- Bollinger (20, 2)
- 1.43 – 1.77
- in the upper half of the band · %B 0.82 · band width 21.4%
- SMA 50 / 200
- 2.65 / 4.63
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.28 / -0.38
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −17.0% | −1.1% | −15.9 pp | — |
| 3 months | −63.0% | −0.5% | −62.5 pp | — |
| 6 months | −67.6% | +4.4% | −72.0 pp | — |
| Year to date | −68.7% | +12.3% | −81.0 pp | — |
| 1 year | −76.9% | +13.5% | −90.4 pp | +6.8% |
| 3 years | −89.8% | +76.4% | −166.2 pp | +16.0% |
| 5 years | −98.4% | +63.7% | −162.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 311.4 m | 303.2 m | 231.7 m | 282.3 m | 257.2 m | 273.4 m | 247.8 m | 361.2 m |
| Cost of revenue | 245.5 m | 233.5 m | 173.6 m | 215.3 m | 192.0 m | 206.2 m | 188.6 m | 264.5 m |
| Gross profit | 66.0 m | 69.7 m | 58.1 m | 67.0 m | 65.2 m | 67.3 m | 59.2 m | 96.7 m |
| Operating income | -45.2 m | -44.6 m | -23.2 m | -12.4 m | -12.5 m | -13.1 m | -18.2 m | -42.9 m |
| Depreciation & amortisation | 4.4 m ≈ | 6.3 m | 4.8 m | 4.1 m ≈ | 3.9 m ≈ | 3.5 m | 3.2 m | 8.0 m ≈ |
| Pre-tax income | -60.8 m | -81.2 m | -39.7 m | -19.0 m | -4.3 m | -20.8 m | -16.1 m | -42.0 m |
| Income tax | 189.0 k | 49.0 k | 194.0 k | 287.0 k | 233.0 k | 111.0 k | 249.0 k | -2.5 m |
| Net income | -61.0 m | -81.3 m | -39.9 m | -19.3 m | -4.5 m | -20.9 m | -16.4 m | -39.5 m |
| Diluted EPS | -1.33 | -1.66 ≈ | -0.74 | -0.34 | -0.07 | -0.30 ≈ | -0.24 | -0.53 |
| Operating cash flow | -42.1 m ≈ | -21.7 m | -50.9 m | 15.8 m ≈ | -15.1 m ≈ | -6.5 m | -11.8 m | -38.2 m ≈ |
| Capex | 3.4 m ≈ | 3.0 m | 1.2 m | 1.8 m ≈ | 2.3 m ≈ | 2.2 m | 1.0 m | 3.6 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8 bn | 1.4 bn | 2.5 bn | 2.8 bn | 1.9 bn | 1.6 bn | 1.4 bn | 1.0 bn |
| Revenue YoY | +4.4% | −21.2% | +73.8% | +10.5% | −30.0% | −19.1% | −10.6% | −25.1% |
| Net income | -206.1 m | -121.8 m | 56.0 m | 389.4 m | -35.2 m | -307.8 m | -258.8 m | -84.6 m |
| Net income YoY | unavailable | unavailable | unavailable | +595.3% | −109.0% | unavailable | unavailable | unavailable |
| Diluted EPS | -6.83 | -3.46 | 1.24 | 8.11 | -0.83 | -6.81 | -5.56 | -1.41 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | +554.0% | −110.2% | unavailable | unavailable | unavailable |
| net % | -11.3% | -8.5% | 2.2% | 14.1% | -1.8% | -19.7% | -18.6% | -8.1% |
| Free cash flow | -167.6 m | -94.4 m | 181.6 m | 67.3 m | -27.4 m | -37.8 m | -188.6 m | -64.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 175.3 m USD
- Financial debt
- 15.5 m USD
- Net debt
- -159.8 m USD
- Equity
- 217.9 m USD
- Total assets
- 425.5 m USD
- Debt / equity
- 0.07x
- Current ratio
- 1.25x
- ROE
- -44.5%
- ROA
- -20.5%
- FCF margin
- -6.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 2.5 bn | 2.8 bn | 1.9 bn | 1.6 bn | 1.4 bn | 1.0 bn | SEC (XBRL)· 24 Feb 2026verified |
| Cost of revenue | 1.9 bn | 2.1 bn | 1.4 bn | 1.2 bn | 1.1 bn | 787.1 m | SEC (XBRL)· 24 Feb 2026verified |
| Gross profit | 571.4 m | 623.9 m | 507.6 m | 366.0 m | 290.2 m | 257.5 m | SEC (XBRL)· 24 Feb 2026verified |
| Operating income | 96.7 m | 111.1 m | 27.0 m | -144.0 m | -184.1 m | -61.2 m | SEC (XBRL)· 24 Feb 2026verified |
| Depreciation & amortisation | 21.8 m | 18.6 m | 16.7 m | 19.4 m | 19.1 m | 16.3 m | SEC (XBRL)· 24 Feb 2026verified |
| EBITDA | 118.5 m ≈ | 129.6 m ≈ | 43.7 m ≈ | -124.5 m ≈ | -165.0 m ≈ | -44.9 m ≈ | SEC (XBRL)· 24 Feb 2026derived |
| Interest expense | 2.0 m | 2.1 m | 1.9 m | 1.8 m | — | — | SEC (XBRL)· 23 Feb 2024verified |
| Pre-tax income | 96.5 m | 123.0 m | -33.9 m | -266.1 m | -258.1 m | -83.8 m | SEC (XBRL)· 24 Feb 2026verified |
| Income tax | 1.4 m | -48.8 m | 1.4 m | 41.7 m | 684.0 k | 825.0 k | SEC (XBRL)· 24 Feb 2026verified |
| Net income | 56.0 m | 389.4 m | -35.2 m | -307.8 m | -258.8 m | -84.6 m | SEC (XBRL)· 24 Feb 2026verified |
| Diluted EPS | 1.24 | 8.11 | -0.83 | -6.81 | -5.56 | -1.41 | SEC (XBRL)· 24 Feb 2026verified |
| Weighted average diluted shares | 41.6 m | 43.3 m | 44.3 m | 45.2 m | 46.5 m | 60.1 m | SEC (XBRL)· 24 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 495.4 m | 503.3 m | 371.3 m | 302.6 m | 159.2 m | 175.3 m | SEC (XBRL)· 24 Feb 2026verified |
| Receivables | 22.9 m | 21.2 m | 17.7 m | 19.4 m | 15.8 m | 20.8 m | SEC (XBRL)· 24 Feb 2026verified |
| Inventories | 6.2 m | 5.1 m | 6.5 m | 13.0 m | 11.5 m | 5.2 m | SEC (XBRL)· 24 Feb 2026verified |
| Current assets | 582.7 m | 551.8 m | 414.5 m | 350.1 m | 227.5 m | 240.1 m | SEC (XBRL)· 24 Feb 2026verified |
| Property, plant & equipment, net | 113.8 m | 109.5 m | 27.0 m | 27.6 m | 23.5 m | 13.7 m | SEC (XBRL)· 24 Feb 2026verified |
| Goodwill | 6.2 m | 6.2 m | 6.2 m | 6.2 m | 6.2 m | 6.2 m | SEC (XBRL)· 24 Feb 2026verified |
| Intangibles (excl. goodwill) | 14.0 m | — | 9.0 k | 25.3 m | 30.2 m | 45.1 m | SEC (XBRL)· 24 Feb 2026verified |
| Total assets | 830.2 m | 1.1 bn | 878.5 m | 635.8 m | 402.0 m | 425.5 m | SEC (XBRL)· 24 Feb 2026verified |
| Accounts payable | 109.8 m | 102.3 m | 75.1 m | 106.1 m | 81.9 m | 90.0 m | SEC (XBRL)· 24 Feb 2026verified |
| Short-term debt | — | — | — | — | 24.9 m | 15.5 m | SEC (XBRL)· 27 Apr 2026verified |
| Long-term debt | 41.3 m | 38.0 m | 34.5 m | — | — | 0 | SEC (XBRL)· 04 Aug 2026verified |
| Current liabilities | 327.6 m | 272.3 m | 191.1 m | 232.4 m | 224.9 m | 192.1 m | SEC (XBRL)· 24 Feb 2026verified |
| Total liabilities | 393.9 m | 321.6 m | 232.7 m | 276.7 m | 239.2 m | 207.5 m | SEC (XBRL)· 24 Feb 2026verified |
| Equity | 436.3 m | 744.4 m | 645.8 m | 359.1 m | 162.7 m | 217.9 m | SEC (XBRL)· 24 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 196.5 m | 80.9 m | -12.5 m | -18.6 m | -174.3 m | -56.7 m | SEC (XBRL)· 24 Feb 2026verified |
| Capex | 14.9 m | 13.6 m | 14.9 m | 19.2 m | 14.3 m | 7.4 m | SEC (XBRL)· 24 Feb 2026verified |
| Free cash flow | 181.6 m ≈ | 67.3 m ≈ | -27.4 m ≈ | -37.8 m ≈ | -188.6 m ≈ | -64.1 m ≈ | SEC (XBRL)· 24 Feb 2026derived |
| Investing cash flow | -23.6 m | -86.1 m | -33.0 m | -44.6 m | 24.9 m | -49.2 m | SEC (XBRL)· 24 Feb 2026verified |
| Financing cash flow | 231.4 m | -10.6 m | -86.3 m | -5.5 m | 32.7 m | 122.1 m | SEC (XBRL)· 24 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 37.5% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 163.0 m USD
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -80.4% | 8 (vs peers) | 28% |
| Net margin · Quality | -7.1% | 14 (vs peers) | 17% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -18.5% | 0 (on a fixed band) | 22% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.8x | 0 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -49.5% | 0 (on a fixed band) | 22% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality11/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Neighborhood Intelligence, Inc. (NXH). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 1.0 bn USD in 2025; YoY growth -25.1%; net margin -7.1%; ROE -47.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROIC: -80.4%
- Net margin: -7.1%
- Revenue CAGR 3Y: -18.5%
- Current ratio: 0.8x
- FCF yield: -49.5%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Retail-Catalog & Mail-Order Houses (SIC 5961) · same industry (4-digit SIC) · compared with 28 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AMZNAmazon.com, Inc. | 2,876.6 bn | 21.5 | 27.4% | 16.9% | +12.4% | +14% / +82% |
| CDWCdw Corp | 21.1 bn | 19.7 | 42.5% | 4.5% | +6.8% | +17% / −20% |
| NSITInsight Enterprises, Inc. | 5.2 bn | 25.7 | 13.1% | 2.5% | −5.2% | +103% / +16% |
| JMIAJumia Technologies AG | 1.3 bn | — | -108.9% | -32.6% | +12.8% | −57% / +60% |
| BZUNBaozun Inc. | 597.0 m | — | -6.6% | -2.4% | +10.2% | +21% / +16% |
| LITBLightInTheBox Holding Co., Ltd. | 590.4 m | 68.0 | — | 3.7% | −12.1% | +42% / −63% |
| GCTGigacloud Technology Inc | 539.8 m | 13.7 | 32.3% | 10.6% | +11.1% | +56% / +495% |
| HNSTThe Honest Company, Inc. | 476.3 m | — | -6.9% | -3.6% | −1.9% | +65% / +86% |
| TDUPThredUp Inc. | 290.9 m | — | -39.2% | -6.9% | +19.5% | −71% / +12% |
| DIBS1stdibs.com, Inc. | 186.9 m | — | -9.2% | -8.5% | +1.5% | −3% / +30% |
| NXHNeighborhood Intelligence, Inc. | 163.0 m | — | -47.0% | -7.1% | −25.1% | −77% / −90% |
| AKAa.k.a. Brands Holding Corp. | 116.0 m | — | -29.5% | -4.8% | +4.4% | −26% / +9% |
| SFIXStitch Fix, Inc. | 79.5 m | — | -6.3% | -0.9% | +6.4% | −31% / −21% |
| HOURHour Loop, Inc. | 53.9 m | 37.0 | 21.8% | 1.1% | +3.0% | −28% / +3% |
| GROVGrove Collaborative Holdings, Inc. | 47.4 m | — | — | -4.1% | −14.6% | −19% / −44% |
| LVLULulu’s Fashion Lounge Holdings, Inc. | 31.0 m | — | -602.9% | -3.2% | −10.6% | +107% / −74% |
| UZXLinkage Global Inc | 21.7 m | — | -63.1% | -144.5% | −50.5% | −98% / unavailable |
| GIFTGiftify, Inc. | 21.1 m | — | -36.2% | -8.8% | −6.5% | −47% / −85% |
| CHWYChewy, Inc. | 2.3 k | 35.3 | 72.0% | 2.1% | +6.2% | −33% / +34% |
| QVCGQVC Group, Inc. | 8 | — | -6.3% | -0.2% | −7.8% | unavailable / unavailable |
| BWMXBetterware De Mexico, S.a.p.i. De C.v | — | — | 54.1% | 5.0% | +8.4% | +19% / +22% |
| HEPSD-MARKET Electronic Services & Trading | — | — | -39.7% | -2.8% | +11.1% | +19% / +100% |
| DDLDingdong (Cayman) Limited | — | — | 25.7% | 1.0% | +10.2% | +10% / −11% |
| RVLVRevolve Group, Inc. | — | 21.8 | 12.6% | 4.8% | +8.5% | −17% / +50% |
| LUXELuxExperience B.V. | — | — | 63.3% | 45.2% | +50.1% | +7% / +224% |
1- and 3-year price returns: for NXH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Neighborhood Intelligence, formerly Bed Bath & Beyond, is an e-commerce-focused retailer with an affinity model that is now extending into home services and homeownership through a series of acquisitions completed in 2026. The company reported fiscal 2025 revenue of 1 1044.6 million USD, down 2 25% from the prior year, which makes it relevant whether the integration strategy can reverse the trend.
SWOT
Strengths
- The company has a well-known brand, an asset-light affinity model and a partner network that handles inventory and deliveries 1.
- Recent acquisitions bring physical brands, installation services and organization expertise, which could diversify revenue sources 2.
- The loyalty program and private label credit card support customer retention and order value 1.
Weaknesses
- Sales declined significantly in fiscal 2025, and the number of orders delivered fell, indicating lost traffic 1.
- The company depends on third parties for carriers, warranties, payments and cloud services, and problems at one partner can affect deliveries 1.
- Integrating several acquisitions at once and different brands can strain management and internal systems 2.
Opportunities
- Integrating renovation services and physical stores could create complete offers for homes and remodeling 2.
- Collaboration with Fathom, including data sharing, could create value if it is formalized through clear agreements 3.
- Winning back customers through omni-channel experiences could reduce dependence on costly online advertising 1.
Threats
- Strong competition from large online platforms and general retailers could limit margins and market share 1.
- Lower consumer spending and a weak housing market could reduce demand for home products and services 1.
- Risks tied to volatile and unevenly regulated blockchain and digital assets could affect the value of the company's investments 3.
Risks
- Dependence on third partieshigh
The company relies on carriers, delivery partners and payment processors, and a disruption at any of them could affect financial results 1.
- Intense competitionhigh
Larger competitors with greater financial and marketing resources could reduce the company's market share 1.
- Decline in online traffichigh
Lower website visits, combined with reduced marketing spend, could continue to shrink order volume 1.
- Integration of acquisitionsmedium
Integrating several acquired companies in a short period could create unforeseen costs and distract management 2.
- Digital assetsmedium
The value of the blockchain assets depends on their adoption, ecosystem development and regulation, and their liquidity is uncertain 3.
Investment thesis
What would need to be true (bull case)
- If the recent acquisitions integrate well, the company could turn a declining online retailer into a complete home platform with physical stores and renovation services.
- An asset-light model with a partner network could allow growth without large investment in inventory or warehouses.
- If the housing market and consumer spending recover, demand for home products and services could return to growth.
What would break the thesis
- The decline in sales and order volume suggests the current strategy has not yet won back lost customers.
- Several acquisitions made at the same time can strain the balance sheet and integration capacity, especially if results stay weak.
- The termination of the Fathom merger and exposure to volatile digital assets may signal strategic uncertainty.
What to watch
- Trend in sales and orders delivered after the acquisitionsQ3 2026
- Integration of The Container Store and SFV Services in financial reportingnext 10-K
- Any formal collaboration agreements with Fathom Holdings2027
- Value and regulatory treatment of the blockchain assets the company holds2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company describes an affinity model: it owns or holds stakes in several brands, including Bed Bath & Beyond, Overstock and buybuy BABY, and offers furniture, bedding, bath and kitchen products along with add-on services such as warranties and installation 1. Most retail transactions are fulfilled through its partner network, which keeps the business model relatively asset-light. In 2026 the company expanded through the acquisitions of The Brand House Collective and Kirkland's, and SFV Services, which adds renovation and construction capabilities 2.
On a scale basis, as of December 31, 2025 the company had approximately 3 389 full-time employees and a number of active customers that declined from the prior year 1. The company noted that it reduced performance marketing spend to focus on more efficient traffic channels, a decision that also reduced the number of orders delivered 1.
From 2026 Neighborhood Intelligence presents itself as a data and technology company organized around three interconnected pillars: omni-channel retail, home services and home ownership, with a portfolio that also includes The Container Store, Elfa and Closet Works 3. It has, however, terminated the merger with Fathom Holdings, which had been intended to combine technology and data with real estate operations, and the two companies agreed to explore targeted collaboration such as data sharing 3.
Segments
Online retail and brands
This segment includes Bed Bath & Beyond, Overstock and buybuy BABY, which sell furniture and home products through websites and mobile apps 1. Fiscal 2025 revenue fell by 2 25% on lower order volume, while average order value rose 1.
Home services
The acquisition of SFV Services, completed in June 2026, adds renovation, construction, demolition and project management services across residential and commercial markets 2. These services could extend the customer relationship beyond product sales if integration proceeds as planned.
Physical stores and organization
Through the acquisitions of The Brand House Collective and The Container Store, the company gains a network of physical stores and organization expertise, which it says it can integrate into its platform 2. The emphasis on an omni-channel experience is clear, but the effectiveness of integration remains to be verified.
Market context
The company operates in the US home retail market, where competition is intense and barriers to entry are low, as described in its annual report 1. Demand for home products depends on the US housing market and consumer confidence, factors that have affected the company's sales in the past 1.
A consumer shift toward spending on experiences and travel, after the fading of pandemic effects, could limit demand for home products 1. In the near term, tariffs and supply chain disruptions, particularly involving China, could raise the prices of imported products 1.
Trends
- Shift to omni-channeltailwind
The company is rebuilding a physical presence through stores and acquisitions, which could reduce reliance on costly online traffic 2.
- Home demand and the housing marketheadwind
Sales of home products depend on the US housing market, which could slow if interest rates remain high 1.
- Technology and artificial intelligencemixed
Adoption of artificial intelligence has reduced technology costs, but customers expect personalized experiences and fast delivery, which requires continued investment 1.
- Tariffsheadwind
Trade restrictions and tariffs could raise the prices of imported products and reduce sales volume, although the company operates an asset-light model that does not depend on owned stock 1.
Competitive position
The company competes with online retailers such as Amazon, Wayfair and eBay, with general merchandise chains such as Walmart, Target and Costco, and with furniture specialists such as Havertys and Ashley Furniture 1. Competitors often have greater brand recognition, larger financial resources and more physical pickup and return options 1.
The market is fragmented, and customer decision factors include price, assortment, delivery time and service quality 1. The company's advantage could come from integrating home services, if it manages to offer a complete experience 2.
- AmazonAMZN
Large online retailer with broad reach and extensive delivery capabilities, named as a leading online competitor.
- WayfairW
Online retailer specialized in furniture and home products, competing directly in the same category.
- WalmartWMT
General merchandise retailer with physical and online operations, offering home products at competitive prices.
- Home DepotHD
Home improvement retailer, relevant to the renovation and construction services the company is adding.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- The Weekly Closeout: Bed Bath & Beyond parent plots a credit union and Express goes back to the ’90sYahoo Finance — News · 18 Sept 2026 · EN
The latest news item in our archive is from 18 Sept 2026; the newest SEC filing is from 06 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report06 Oct 2026Other events · Financial statements and exhibits
- Current report05 Oct 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report05 Oct 2026Termination of a material agreement · Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report25 Sept 2026Shareholder vote
- Current report08 Sept 2026Termination of a material agreement · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement19 Aug 2026
- Current report14 Aug 2026Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report13 Aug 2026Departure or appointment of officers
- Current report05 Aug 2026Departure or appointment of officers · Other events · Financial statements and exhibits
- Current report05 Aug 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Neighborhood Intelligence, Inc. · 24 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Neighborhood Intelligence, Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Neighborhood Intelligence, Inc. · 05 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.