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Beyond Meat® Reports Third Quarter 2026 Financial Results
EL SEGUNDO, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) — Beyond Meat, Inc. (NASDAQ: BYND), otherwise known as Beyond The Plant Protein Company™ (the “Company” or “Beyond Meat”), today reported financial results for its third quarter ended September 26, 2026.
Third Quarter 2026 Financial Highlights1, 2
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Total net revenues were $64.5 million, a decrease of 8.1% year-over-year.
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Gross profit was $12.4 million, or gross margin of 19.3%, compared to gross profit of $5.2 million, or gross margin of 7.4%, in the year-ago period.
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In the year-ago period, gross profit and gross margin included $1.7 million in expenses related to the cessation of the Company’s operational activities in China.
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Loss from operations was $93.0 million, or operating margin of (144.1)%, compared to loss from operations of $98.1 million, or operating margin of (139.7)%, in the year-ago period.
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Loss from operations included $57.1 million in non-cash impairment charges related to certain of the Company’s long-lived assets, compared to $51.3 million in the year-ago period.
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Loss from operations also included an additional $20.8 million in non-cash charges related to certain activities associated with the Company’s campus headquarters building in El Segundo, California (the “Campus Headquarters”).
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Loss from operations also included the following non-cash amounts recorded in operating expenses: $5.5 million in incremental share-based compensation expense related to the Company’s exchange offer for its 0% Convertible Senior Notes due 2027 (the “2027 Notes”) completed in October 2025 (the “Exchange Offer”); $0.4 million in amortization of costs related to the partial lease termination of a portion of the Campus Headquarters in 2025; $0.3 million in certain non-routine SG&A expenses; and a credit of $(21.8) million reflecting a reduction in a litigation-related accrual.
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Net loss was $82.8 million, compared to net loss of $97.0 million in the year-ago period. Net loss per share available to common stockholders – basic and diluted was $(4.32), compared to net loss per share available to common stockholders – basic and diluted of $(37.96) in the year-ago period. Net loss per share reflects 19,152,391 weighted average common shares outstanding, compared to 2,555,696 weighted average common shares outstanding in the year-ago period prior to completion of the Exchange Offer in the fourth quarter of 2025.
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Adjusted EBITDA was a loss of $24.6 million, or (38.1)% of total net revenues, compared to an Adjusted EBITDA loss of $33.5 million, or (47.7)% of total net revenues, in the year-ago period.
