10-K · April 9, 2026
Beyond Meat describes a strategic reset focused on margin recovery, cost reduction and portfolio rationalization (Global Operations Review and Transformation Office) while maintaining three core product platforms (beef,…
Earnings analysis · 10-Q
BYND earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Beyond Meat reported a Q4 2026 net revenue of $58.2 million, a decline of 15.3% from $68.7 million in the same quarter last year. Despite a reported net loss of $28.5 million (better than a $61.1 million loss last…
Read full summary
Beyond Meat reported a Q4 2026 net revenue of $58.2 million, a decline of 15.3% from $68.7 million in the same quarter last year. Despite a reported net loss of $28.5 million (better than a $61.1 million loss last year), the company faces ongoing challenges in the plant-based meat category, leading to decreased volumes sold and high operating costs.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Reported figures
- Earnings per share
- $-0.06
What stood out
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Revenue Decline
Q4 2026 revenue totaled $58.2 million, down 15.3% from $68.7 million in Q4 2025.
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Improved Operating Loss
Loss from operations reduced to $41.1 million from $64.4 million year-over-year.
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Reduced Net Loss
Net loss decreased to $28.5 million from $61.1 million compared to last year, resulting in an improved EPS loss of $(0.06).
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Recovering Gross Margin
Gross margin improved to 3.4% from a gross loss of (10.1)% year-over-year.
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Cost of Goods Sold Reduction
Cost of goods sold decreased by 25.7% to $56.2 million due to lower volumes and reduced manufacturing expenses.
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Operating Cash Flow Improvement
Net cash used in operating activities reduced to $5.0 million from $26.1 million in the prior year.
What to watch
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Weak Demand in Plant-Based Meat
Continued weak demand has impacted sales, with a 19.5% decrease in volume sold in Q4 2026.
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High Operating Costs
Operating expenses remained high at $43.1 million, comprising 74.0% of net revenues.
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Uncertain Regulatory Environment
Potential changes in laws regarding the labeling of plant-based products could adversely affect marketing and sales.
Management's outlook
Management expects Q2 2026 revenues between $60 million and $65 million.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.