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BYND

Beyond Meat, Inc.

BYND

Beyond Meat, Inc. NASDAQ
$0.98 -3.83% (-0.04)

Market Cap $444.91 M
52w High $7.69
52w Low $0.50
Dividend Yield 0%
P/E -0.31
Volume 68.57M
Outstanding Shares 453.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $70.218M $42.147M $-110.688M -157.635% $-1.44 $-92.6M
Q2-2025 $74.958M $45.206M $-29.242M -39.011% $-0.43 $-24.907M
Q1-2025 $68.731M $56.634M $-52.916M -76.99% $-0.69 $-40.6M
Q4-2024 $76.658M $47.816M $-44.862M -58.522% $-0.65 $-38.168M
Q3-2024 $81.006M $45.217M $-26.576M -32.807% $-0.41 $-20.222M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $117.296M $599.669M $1.384B $-784.065M
Q2-2025 $103.497M $691.741M $1.369B $-677.023M
Q1-2025 $102.143M $643.83M $1.293B $-649.531M
Q4-2024 $131.913M $678.146M $1.279B $-601.208M
Q3-2024 $121.732M $692.938M $1.305B $-611.924M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-110.688M $-38.783M $-1.916M $54.181M $13.797M $-41.69M
Q2-2025 $-29.242M $-33.209M $-1.938M $34.229M $1.443M $-35.147M
Q1-2025 $-52.916M $-26.146M $-4.137M $-589K $-29.728M $-30.631M
Q4-2024 $-44.862M $-28.952M $-6.222M $47.059M $10.664M $-35.427M
Q3-2024 $-26.576M $-22.047M $-1.179M $-234K $-23.119M $-24.067M

Revenue by Products

Product Q4-2019Q1-2025Q2-2025Q3-2025
Reporting Segment
Reporting Segment
$0 $70.00M $70.00M $70.00M
Fresh
Fresh
$100.00M $0 $0 $0
Frozen
Frozen
$0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been drifting downward after an early peak, suggesting demand has cooled rather than scaled as originally hoped. Profitability is a clear weak spot: gross margins have swung from positive to very thin or negative, and the core business has been losing money every year. Operating and net losses grew meaningfully during the expansion phase and have only improved slightly more recently, so the company is still far from break-even. Overall, the income statement shows a company in turnaround mode, trying to stabilize sales and rebuild margins after an overextended growth push.


Balance Sheet

Balance Sheet The balance sheet is strained. Debt is heavy relative to the size of the business, and shareholder equity has turned negative, which is a sign of accumulated losses and financial pressure. Cash on hand has come down sharply from earlier years, and total assets have shrunk, reflecting both cash burn and a leaner footprint. This structure leaves less room for error: any setbacks in improving profitability or raising capital could weigh more heavily than in the past.


Cash Flow

Cash Flow The business has not yet proven it can fund itself. Cash flow from operations has been negative for several years, meaning the company is still consuming cash to run day-to-day activities. Free cash flow has also been consistently negative, though the burn has eased as the company cut spending and scaled back investment. Lower capital spending helps, but without a clear path to positive operating cash flow, external funding or further cost cuts remain important for survival.


Competitive Edge

Competitive Edge Beyond Meat still enjoys strong brand recognition and a reputation as a pioneer in plant-based meat, with broad distribution and high-profile partnerships. However, the competitive landscape has become tougher: rivals, store brands, and traditional meat companies have entered the space, while overall category growth has slowed and consumer price sensitivity has increased. The company’s moat now rests more on brand, recipes, and relationships than on being the only realistic meat alternative. Maintaining menu placements and shelf space while defending pricing and volumes is a central competitive challenge.


Innovation and R&D

Innovation and R&D Innovation remains a key strength. The new “Beyond IV” platform, heart-health certifications, and a shift toward cleaner labels and healthier oils show a deliberate pivot toward health-conscious and flexitarian consumers, not just novelty seekers. Work on mycelium-based whole cuts and expanded product lines (like new sausage offerings) signal a robust pipeline aimed at better taste, texture, and nutrition. At the same time, R&D must now coexist with tighter cost discipline, so the company has been pruning less promising lines to concentrate resources on core, higher-impact innovations.


Summary

Beyond Meat combines strong brand equity and meaningful food science innovation with very challenging financials. Sales have softened from their peak, losses remain sizable, and the balance sheet and cash flows point to elevated financial risk if the turnaround stalls. Management is clearly focused on improving product quality, health positioning, and margins while cutting costs and narrowing priorities. The central question is whether these innovations and strategic shifts can restore sustained demand and margin improvement quickly enough to stabilize the business and justify its earlier growth ambitions; uncertainty around that outcome remains high.