BYND earnings analysis
What we found in BYND's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Q4 2026 revenue totaled $58.2 million, down 15.3% from $68.7 million in Q4 2025.
- Improved Operating Loss
- Loss from operations reduced to $41.1 million from $64.4 million year-over-year.
- 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).
- Recovering Gross Margin
- Gross margin improved to 3.4% from a gross loss of (10.1)% year-over-year.
- 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.
- Operating Cash Flow Improvement
- Net cash used in operating activities reduced to $5.0 million from $26.1 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Weak Demand in Plant-Based Meat
- Continued weak demand has impacted sales, with a 19.5% decrease in volume sold in Q4 2026.
- High Operating Costs
- Operating expenses remained high at $43.1 million, comprising 74.0% of net revenues.
- Uncertain Regulatory Environment
- Potential changes in laws regarding the labeling of plant-based products could adversely affect marketing and sales.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.06
- Gross margin
- 3.4%
- Operating margin
- -70.6%
What they said about what is next.
Management expects Q2 2026 revenues between $60 million and $65 million.
The filing reads about the same as the one before it.
What came before.
- 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,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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