BEYOND MEAT, INC. BYND
Beyond Meat is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats and other innovative plant-based food and beverage products. We seek to deliver the power of plants to consumers through our plant-based meat products, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating our plant-based meat products, and adjacent products that deliver taste and macronutrients from plants and plant-based ingredients. Our brand promise, "Eat What You Love," represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based meat, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $275.5M | $326.5M | $343.4M | $418.9M | $464.7M | $406.8M | $297.9M | $87.9M | $32.6M | — |
| Cost of revenue | $267.9M | $284.8M | $426.0M | $442.7M | $347.4M | $284.5M | $198.1M | $70.4M | $34.8M | — |
| Gross profit | $7.6M | $41.7M | -$82.7M | -$23.7M | $117.3M | $122.3M | $99.8M | $17.6M | -$2.2M | — |
| R&D | $23.2M | $28.1M | $39.5M | $62.3M | $66.9M | $31.5M | $20.6M | $9.6M | $5.7M | — |
| SG&A | $217.8M | $169.7M | $203.7M | $239.5M | $209.5M | $133.7M | $74.7M | $34.5M | $17.1M | — |
| Total operating expenses | $341.3M | $197.8M | $259.2M | $319.0M | $292.2M | $171.6M | $100.2M | $45.6M | $26.4M | — |
| Operating income | -$333.6M | -$156.1M | -$341.9M | -$342.8M | -$174.9M | -$49.3M | -$489.0K | -$28.0M | -$28.6M | — |
| Interest expense | $14.0M | $4.1M | $4.0M | $4.0M | $3.6M | $2.6M | $3.1M | $1.1M | $1.0M | — |
| Pre-tax income | $219.1M | -$160.2M | -$334.2M | -$347.2M | -$179.1M | -$52.7M | -$12.4M | -$29.9M | -$30.4M | — |
| Income tax | $0 | $26.0K | $5.0K | $32.0K | $60.0K | $72.0K | $9.0K | $1.0K | $5.0K | — |
| Net income | $219.0M | -$160.3M | -$338.1M | -$366.1M | -$182.1M | -$52.8M | -$12.4M | -$29.9M | -$30.4M | — |
| EPS, basic | 1.15 | -2.43 | -5.26 | -5.75 | -2.88 | -0.85 | -0.29 | — | — | — |
| EPS, diluted | -1.83 | -2.43 | -5.26 | -5.75 | -2.88 | -0.85 | -0.29 | -4.75 | -5.57 | — |
| Shares, diluted (wtd. avg.) | 180.9M | 66.0M | 64.3M | 63.6M | 63.2M | 62.3M | 42.3M | 6.3M | 5.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $203.9M | $131.9M | $205.9M | $322.5M | $733.3M | $159.1M | $276.0M | $54.3M | $39.0M | $17.0M |
| Receivables | $26.1M | $26.9M | $31.7M | $34.2M | $43.8M | $36.0M | $40.1M | $12.6M | — | — |
| Inventory | $84.0M | $113.4M | $130.3M | $235.7M | $241.9M | $121.7M | $81.6M | $30.3M | — | — |
| Total current assets | $341.5M | $286.5M | $372.8M | $606.5M | $1.05B | $332.2M | $403.6M | $102.8M | — | — |
| Property, plant and equipment | — | — | — | — | — | $115.3M | $47.5M | $30.5M | — | — |
| Total assets | $614.7M | $678.1M | $774.5M | $1.06B | $1.38B | $468.0M | $451.9M | $133.7M | — | — |
| Accounts payable | $20.5M | $37.6M | $56.0M | $55.3M | $69.0M | $53.1M | $26.9M | $17.2M | — | — |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $25.0M | $11.0M | $0 | — | — |
| Total current liabilities | $74.9M | $61.5M | $74.4M | $75.8M | $94.2M | $89.0M | $47.7M | $25.2M | — | — |
| Long-term debt | $415.7M | $1.14B | $1.14B | $1.13B | $1.13B | $0 | $19.6M | $30.4M | — | — |
| Retained earnings | -$1.02B | -$1.24B | -$1.08B | -$743.1M | -$377.0M | -$194.9M | -$142.1M | -$129.7M | — | — |
| Total equity | -$997.0K | -$601.2M | -$513.4M | -$203.5M | $132.5M | $367.1M | $384.1M | -$121.8M | -$95.9M | -$66.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$144.9M | -$98.8M | -$107.8M | -$320.2M | -$301.4M | -$40.0M | -$47.0M | -$37.7M | -$25.3M | — |
| Depreciation and amortisation | $32.8M | $23.1M | $48.1M | $32.6M | $21.7M | $13.3M | $8.1M | $4.9M | $3.2M | — |
| Stock-based compensation | $31.0M | $23.9M | $29.1M | $33.9M | $27.7M | $27.3M | $12.8M | $2.2M | $665.0K | — |
| Capital expenditure | $12.3M | $11.0M | $10.6M | $70.5M | $136.0M | $57.7M | $23.8M | $22.2M | $7.9M | — |
| Investing cash flow | -$10.2M | -$6.2M | -$9.5M | -$87.5M | -$147.5M | -$74.9M | -$26.2M | -$23.2M | -$8.1M | — |
| Financing cash flow | $223.4M | $45.8M | -$550.0K | $276.0K | $1.02B | -$1.8M | $294.9M | $76.2M | $55.4M | — |
| Buybacks | — | — | — | — | — | $0 | $0 | $514.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-150400.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $32.6M | $87.9M | $297.9M | $406.8M | $464.7M | $418.9M | $343.4M | $326.5M | $275.5M |
| Gross profit | — | -$2.2M | $17.6M | $99.8M | $122.3M | $117.3M | -$23.7M | -$82.7M | $41.7M | $7.6M |
| Net income | — | -$30.4M | -$29.9M | -$12.4M | -$52.8M | -$182.1M | -$366.1M | -$338.1M | -$160.3M | $219.0M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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