BED BATH & BEYOND, INC. Fair Value Disclosure
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 | |||||||||||||||
Fair Value Measurements at December 31, 2024 | |||||||||||||||||||||||
| Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| Assets: | |||||||||||||||||||||||
| Cash equivalents—Money market funds | $ | 21,799 | $ | 21,799 | $ | — | $ | — | |||||||||||||||
| Equity securities, at fair value | 21,640 | — | — | 21,640 | |||||||||||||||||||
| Available-for-sale debt securities (1) | 10,985 | — | — | 10,985 | |||||||||||||||||||
| Debt securities, at fair value (1) | 14,814 | — | — | 14,814 | |||||||||||||||||||
| Total assets | $ | 69,238 | $ | 21,799 | $ | — | $ | 47,439 | |||||||||||||||
| Amount | |||||
Level 3 investments at December 31, 2023 | $ | 51,530 | |||
| 17,000 | |||||
| Decrease in fair value of Level 3 investments | (21,836) | ||||
| Accrued interest on Level 3 investments | 745 | ||||
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) | ||||
| (8,711) | |||||
| Accrued interest, net on Level 3 investments | 544 | ||||
Level 3 investments at December 31, 2025 | $ | 35,492 | |||
| 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 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.