Beyond Meat, Inc., a leading player in the plant-based meat industry, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant financial and operational metrics, reflecting the company’s current performance and strategic adjustments in a challenging market environment.
Financial Highlights
- Net Revenues: $70.218 million, reflecting a decrease from $81.006 million in the same period last year, indicating a decline in sales performance.
- Gross Profit: $7.230 million, down from $14.308 million, highlighting a reduction in profitability.
- Loss from Operations: $(112.331) million, compared to a loss of $(30.909) million in the prior year, showing increased operational losses.
- Net Loss: $(110.688) million, a significant increase from a net loss of $(26.576) million, indicating worsening financial performance.
- Net Loss Per Share Available to Common Stockholders—Basic and Diluted: $(1.44), compared to $(0.41) in the previous year, reflecting a larger loss per share.
Business Highlights
- Revenue Segments: The company reported net revenues of $70.2 million for the three months ended September 27, 2025, with a breakdown of $39.1 million from U.S. operations and $31.2 million from international operations. The U.S. segment includes $28.5 million from retail and $10.5 million from foodservice, while the international segment includes $15.8 million from retail and $15.3 million from foodservice.
- Geographical Performance: The U.S. market saw a decline in net revenues compared to the previous year, with retail and foodservice segments both experiencing decreases. Internationally, the retail segment remained relatively stable, while the foodservice segment saw a slight decrease.
- Operational Adjustments: The company has undertaken significant operational adjustments, including a reduction in workforce and suspension of operations in China, as part of a broader strategy to focus on growth opportunities and improve gross margin and cash generation.
- Workforce Reductions: In 2023 and 2025, the company reduced its workforce by approximately 65 employees and 44 employees, respectively, as part of its Global Operations Review. Additionally, operations in China were suspended, resulting in a reduction of 20 employees.
- Lease Modifications: The company entered into several lease amendments, including a partial lease termination and sublease agreements, to optimize its real estate footprint and reduce costs. This includes the surrender of certain premises and subleasing to Varda Space Industries.
- Future Outlook: The company plans to continue focusing on gross margin expansion and cash generation, with a strategic emphasis on certain growth opportunities. The management anticipates ongoing challenges in the plant-based meat category but remains committed to its long-term goals.
SEC Filing: BEYOND MEAT, INC. [ BYND ] – 10-Q – Nov. 12, 2025
