Beyond Meat, Inc. (BYND) financials
NASDAQ · Consumer Defensive · Packaged Foods · 589 employees · CEO Ethan Brown
- Price
- $6.91 -6.37%
- Market cap
- $119M
- Enterprise value
- $355M
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-04 EPS est. -$1.97
Revenue (TTM)$259M-14.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-82.7%-29.7 pp vs a year agoOperating income -$214M
Net income (TTM)$290M+288.8% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$126M-0.7% vs a year agoCapex $12.4M
Diluted EPS (TTM)-$52.88+19.1% vs a year agoSum of the last 4 quarters
Net cash-$236M+79.6% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $119M EV $355M
- Revenue
- $259M Trailing 12 months
- Revenue growth
- -11% FY2026 consensus
- Profit margin
- 112.0% Net income / revenue, TTM
- P/E
- -0.4× Forward -0.7× (FY2026)
- P/S
- 0.5× Price / sales, TTM
- EV / EBITDA
- -3.0× TTM
- Free cash flow
- -$126M Trailing 12 months
- Net income
- $290M Trailing 12 months
- Revenue estimate
- $245M FY2026 consensus
- Earnings
- 2026-11-04 Revenue est. $62M
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-05): revenue beat by 10.3%, EPS beat by 139.5%Revenue $68.8M vs $62.4M expected (+10.3%); EPS $0.90 vs -$2.28 (+139.5%).
- Revenue growth accelerating: -8.2% year on yearQ2 '26 revenue $68.8M, against an average of -17.0% over the four quarters before.
- Operating margin -82.7% (TTM), -29.7 pp on a year agoOperating income grew -34.0% while revenue grew -14.1%.
- 173.8% of pre-tax profit is non-operatingPre-tax income $290M vs operating income -$214M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
- Capex 4.8% of revenue (a year ago 5.0%)$12.4M invested in the last 4 quarters (-16.7% on a year earlier). Free cash flow -$126M = -43.5% of net income.
- Diluted share count up 675.2% in a year19.7M diluted shares in Q2 '26, 2.54M a year earlier.
- Net debt $236MCash + short-term investments $171M, debt incl. leases $408M; a year ago net debt $1.16B.
Last quarter: Q2 '26
Quarter ended 2026-06-27. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $68.8M | $75M | -8.2% |
| Gross margin | 8.5% | 13.7% | -5.2 pp |
| Operating income | -$30.8M | -$34.9M | +11.8% |
| Operating margin | -44.8% | -46.6% | +1.8 pp |
| Net income | $16.4M | -$29.2M | +156.1% |
| Diluted EPS | $0.90 | -$12.90 | +107.0% |
| Operating cash flow | -$23.2M | -$33.2M | +30.3% |
| Capex | $4.02M | $1.94M | +107.2% |
| Free cash flow | -$27.2M | -$35.1M | +22.7% |
| R&D | $4.19M | $5.81M | -27.9% |
| Stock-based compensation | $13.9M | $4.3M | +223.4% |
Reported vs consensus
2026-08-05| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $68.8M | $62.4M | +10.3% |
| EPS (as estimated) | $0.90 | -$2.28 | +139.5% |
From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Reporting Segment | $68.8M | -8.2% | 100.0% | $259M | – |
Revenue by region
share of total| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Non-US | $31.2M | +0.6% | 100.0% | $109M | -32.0% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- -$114M
- Capex
- -$12.4M
- Buybacks
- -$73K
- Dividends
- $0
- Acquisitions
- $0
- Net debt issued
- $52.8M
- Stock-based compensation
- $41.3M
- Free cash flow
- -$126M
- Returned to shareholders / FCF
- -0.1%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -0.4× | 0.7× 1 of 5 years | 0.7× – 0.7× |
| EV / EBITDA | -3.0× | 1.6× 1 of 5 years | 1.6× – 1.6× |
| EV / Sales | 1.4× | 4.8× | 1.6× – 9.8× |
| Price / FCF | -0.9× | – | – |
| Price / Book | 2.0× | 31.1× 1 of 5 years | 31.1× – 31.1× |
| FCF yield | -106.2% | -52.3% | -135.8% – -10.6% |
| Return on invested capital | -44.3% | -32.9% | -48.6% – -13.6% |
| Return on equity | -155.0% | -39,596.4% | -198,117.1% – 179.9% |
Analysts
Consensus target $10.00 (+44.7%)
range $10.00 – $10.00 · rating Sell
Strong buy0
Buy1
Hold8
Sell12
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $245M | -11.0% | -$9.47 | +82.8% | -0.7× | 1 |
| FY2027 | $243M | -1.1% | -$9.36 | +1.2% | -0.7× | 1 |
| FY2028 | $251M | +3.5% | -$10.20 | -9.0% | -0.7× | 1 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 261 figures Beyond Meat, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $25M | $68.8M | -63.7% | $20.5M | $37.6M | -45.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $25.7M | $37.3M | -31.1% | $26.1M | $26.9M | -3.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $200K2025-12-31 | $1.6M | -87.5% | $200K | $1.6M | -87.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $199K2025-12-31 | -$11K | +1,909.1% | $1K | $221K | -99.5% |
| Accrued Liabilities, Current | $12.7M | $15.6M | -18.6% | $8.98M | $11.7M | -23.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4.78M | -$7.2M | +33.6% | -$7.84M | -$3.69M | -112.6% |
| Additional Paid in Capital | $1.1B | $654M | +67.6% | $1.03B | $644M | +59.8% |
| Adjustments to Additional Paid in Capital, Warrant Issued | $1.23M | – | – | $02021-12-31 | $0 | – |
| Advertising Expense | – | – | – | $6.1M | $8.5M | -28.2% |
| Amortization of Debt Issuance Costs | $1.02M2025-09-27 | $984K | +3.4% | $3.93M2024-12-31 | $3.93M | 0.0% |
| Amortization of Debt Issuance Costs and Discounts | $1.69M | $986K | +71.8% | $4.99M | $3.93M | +26.8% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 66M | 13.8M | +377.6% | 49.6M | 6.86M | +622.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $7.4M | $4.3M | +71.9% | $31M | $23.9M | +29.5% |
| Asset Impairment Charges | $77.4M2025-09-27 | $0 | – | – | – | – |
| Assets | $560M | $692M | -19.1% | $615M | $678M | -9.3% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | $8.7M | $1.66M | +422.8% | $1.86M2024-12-31 | $4.54M | -58.9% |
| Assets, Current | $296M | $297M | -0.5% | $341M | $286M | +19.2% |
| Capital Expenditures Incurred but Not yet Paid | -$310K | -$186K | -66.7% | $551K | $3.43M | -83.9% |
| Cash and Cash Equivalents, at Carrying Value | $171M | $103M | +65.6% | $204M | $132M | +54.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $186M | $117M | +58.7% | $218M | $146M | +49.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | -$11.3M2026-03-28 | -$30.9M | +63.4% | $68.2M | -$59.3M | +215.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | – | – | – | $222M2019-12-31 | $15.2M | +1,355.2% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $1.952025-12-22 | – | – | $1.952025-12-22 | – | – |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 5.74M2025-09-18 | – | – | 5.74M2025-09-18 | – | – |
| Class of Warrant or Right, Outstanding | 9.56M2025-09-27 | 0 | – | 02020-12-31 | 0 | – |
| Class of Warrant or Right, Unissued | 5.74M2025-09-18 | – | – | 5.74M2025-09-18 | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 181M | 37.9M | +377.4% | 183M | 26.1M | +603.4% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 3B | 500M | +500.0% | 3B | 500M | +500.0% |
| Common Stock, Shares, Issued | 516M | 76.6M | +573.4% | 454M | 76.1M | +496.4% |
| Common Stock, Shares, Outstanding | 516M | 76.6M | +573.4% | 454M | 76.1M | +496.4% |
| Common Stock, Value, Issued | $52K | $8K | +550.0% | $45K | $8K | +462.5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $19.1M | -$34.3M | +155.6% | $215M | -$159M | +235.4% |
| Conversion of Stock, Amount Issued | $50.4M | $0 | – | $3K | $0 | – |
| Convertible Debt, Current | $29.5M | – | – | – | – | – |
| Convertible Debt, Noncurrent | $1.14B2025-09-27 | $1.14B | +0.3% | $1.14B2024-12-31 | $1.14B | +0.3% |
| Cost of Goods and Services Sold | $63M | $67M | -6.1% | $268M | $285M | -5.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Income Tax Expense (Benefit) | – | – | – | $0 | -$26K | +100.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $0 | -$26K | +100.0% |
| Customer Refund Liability, Current | $5.7M | $5M | +14.0% | $6.2M | $6.8M | -8.8% |
| Debt Conversion, Converted Instrument, Shares Issued | 318M2025-11-01 | – | – | 318M2025-10-31 | – | – |
| Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | – | – | – | $02020-12-31 | $0 | – |
| Debt Issuance Costs, Net | $5.6M2025-09-27 | $9.51M | -41.1% | $8.52M2024-12-31 | $12.5M | -31.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Goodwill and Intangible Assets | $7.6M2025-12-31 | $10.6M | -28.6% | $7.6M | $10.6M | -28.6% |
| Deferred Tax Assets, Gross | $268M2025-12-31 | $367M | -26.9% | $268M | $367M | -26.9% |
| Deferred Tax Assets, Inventory | $7.17M2025-12-31 | $9.25M | -22.5% | $7.17M | $9.25M | -22.5% |
| Deferred Tax Assets, Net | $02025-12-31 | $0 | – | $0 | $0 | – |
| Deferred Tax Assets, Operating Loss Carryforwards | $192M2025-12-31 | $300M | -36.1% | $192M | $300M | -36.1% |
| Deferred Tax Assets, Other | $5.01M2025-12-31 | $6.04M | -17.0% | $5.01M | $6.04M | -17.0% |
| Deferred Tax Assets, Property, Plant and Equipment | $4.57M2025-12-31 | $0 | – | $4.57M | $0 | – |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $11.4M2025-12-31 | $11.1M | +3.0% | $11.4M | $11.1M | +3.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Legal Settlements | $9.07M2025-12-31 | $0 | – | $9.07M | $0 | – |
| Deferred Tax Assets, Valuation Allowance | $243M2025-12-31 | $331M | -26.5% | $243M | $331M | -26.5% |
| Deferred Tax Liabilities, Gross | $25.2M2025-12-31 | $36.3M | -30.6% | $25.2M | $36.3M | -30.6% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-27, 10-Q 2026-03-28, 10-K 2025-12-31, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-31, 10-Q 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-02