Beyond Meat, Inc. (BYND) Market Cap
Beyond Meat, Inc. has a market capitalization of $537.7M.
Financials based on reported quarter end 2025-12-31
Price: $1.16
▲ 1.16 (41.02%)
Market Cap: 537.73M
NASDAQ · time unavailable
CEO: Ethan Brown
Sector: Consumer Defensive
Industry: Packaged Foods
IPO Date: 2019-05-02
Website: https://www.beyondmeat.com
Beyond Meat, Inc. (BYND) - Company Information
Market Cap: 537.73M · Sector: Consumer Defensive
Beyond Meat, Inc. manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.
Analyst Sentiment
Based on 21 ratings
Analyst 1Y Forecast: $0.00
Average target (based on 7 sources)
Consensus Price Target
Low
$3
Median
$25
High
$122
Average
$45
Potential Upside: 3740.5%
Price & Moving Averages
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Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"Beyond Meat (BYND) reported revenue of $61.6m and EPS of $0.84 for the quarter ended 2025-12-31. Net income was $409.9m, implying a very elevated net margin versus revenue; however, operating cash flow was -$51.8m and free cash flow was -$42.5m, indicating a substantial disconnect between accounting earnings and cash generation. The company also incurred $9.3m of capex during the period, while paid dividends were $0. On the balance sheet, BYND held $615.6m in total assets versus $540.8m in total liabilities, leaving $74.8m in equity. Net debt was -$116.7m, meaning the company is in a net cash position, which can help fund operating needs despite current cash burn. From a shareholder-return perspective, the stock’s performance has been weak: -77.0% over 1 year and -62.9% over 6 months (and -20.4% YTD). With no dividends and no buyback data provided, total return has been dominated by capital depreciation. Analyst price targets show substantial dispersion (low $3 to high $122; consensus $44.55), suggesting continued debate around fundamentals and turnaround prospects."
Revenue Growth
Revenue is reported at $61.6m, but no YoY/sequence growth data was provided, limiting assessment of momentum or stability.
Profitability
EPS of $0.84 and net income of $409.9m imply strong accounting profitability, but cash flow was deeply negative (operating cash flow -$51.8m), raising quality concerns about sustainability.
Cash Flow Quality
Free cash flow was -$42.5m, with operating cash flow of -$51.8m and no dividends. Negative FCF indicates ongoing cash consumption.
Leverage & Balance Sheet
Despite liabilities of $540.8m versus assets of $615.6m, net debt is -$116.7m (net cash). This provides some balance-sheet resilience, though equity is relatively small at $74.8m.
Shareholder Returns
Total shareholder return appears weak given the stock’s -77.0% 1-year move and -62.9% 6-month move, with no dividends reported and no buyback information provided.
Analyst Sentiment & Valuation
Analyst targets show wide uncertainty (consensus $44.55; range $3–$122). Without valuation multiples in the dataset, sentiment appears conflicted rather than clearly supportive.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Management’s tone is mixed-to-confident: they emphasize “foundational building blocks,” balance-sheet strengthening (debt exchange + ATM), and ongoing transformation progress (continuous line automation, inventory downsizing, warehouse/logistics consolidation). They also frame Q4 as noisy—gross margin collapsed to 2.3% and operating expense jumped to $134.2M—yet attribute much of that to nonroutine items (inventory obsolescence, China shutdown costs, $48.1M asset write-down, $38.9M litigation accrual, and debt-exchange stock comp) rather than “baseline” operations. The analyst pressure comes through the Q&A on cash burn and timing of product pipeline. On cash, management points to levers (inventory sizing/management and backing out one-time debt-exchange/nonordinary charges), but also implicitly admits 1Q 2026 may not deliver top-line recovery and that operating leverage remains challenged. Reporting/control issues add another layer of caution: a new inventory-provision material weakness and inability to file the 10-K removes certainty around financial disclosures.
Growth Catalysts
- Beyond Immerse beverage platform launch (first limited-run sold out quickly; plan to be more active this summer)
- Beyond Steak Fillet and Beyond Ground Fava performance in niches (tacos, Bolognese, protein bowls)
- Continuous production line optimization at Columbia, Missouri + automation to improve conversion costs and asset utilization
- RFP actions, secondary sources, and formulation improvements to reduce material costs
- Inventory reduction / exit of less profitable product lines to support working-capital and margin recovery
Business Development
- Beyond Test Kitchen (direct-to-consumer platform) used for consumer ordering of new innovations
- Beyond Immerse sold out from initial limited-run inventory online (implied DTC traction)
Financial Highlights
- Revenue: $61.6M, down 19.7% YoY
- Volume: -22.4% YoY; net revenue per pound: +3.5% YoY
- Gross margin: 2.3% (gross profit $1.4M) vs 13.1% ($10.0M) YoY
- Reported operating expenses: $134.2M vs $47.8M YoY (driven by noncash/nonroutine items)
- Nonroutine gross margin pressures: $2.4M noncash charges (SKU rationalization) + $1.5M China shutdown expenses
- Key operating expense noncash/nonroutine items: $48.1M write-down of assets held for sale; $38.9M litigation-related accrual; ~$13.3M incremental noncash stock comp tied to convertible debt exchange
- Net income: $409.9M ($0.84/sh) vs net loss $44.9M (-$0.65/sh) due to $548.7M gain on debt restructuring
- Adjusted EBITDA: -$69M loss in Q4 2025 (includes loss from write-down of assets held for sale)
- Material weakness disclosed: controls over inventory provisions (excess/obsolete inventory) and prospectively correcting immaterial errors from prior interim financial statements
- No explicit bps margin target disclosed, but management stated goal to 'sustainably return to healthy gross margins' and cited conversion cost improvements
Capital Funding
- Cash & equivalents (incl. restricted cash): $217.5M as of Dec 31, 2025
- Total outstanding debt carrying value: $415.7M (TDR accounting includes undiscounted future cash flows of 2030 notes)
- FY 2025 cash flow: net cash used in operating activities $144.9M; capex $12.3M
- FY 2025 financing cash inflow: $223.4M vs $45.8M prior year
- 2025 debt exchange: exchanged >97% of $1.15B 2027 convert notes into ~$209.7M 2030 second-lien convert notes + ~318M new shares; left ~$29.5M of 2027 convert notes outstanding
- ATM program: ~$148.7M net proceeds from Q4 sales of common stock; additional $100M draws from delayed draw term loan facility in 2025
Strategy & Ops
- Rightsizing operations and expanding margins via enterprise-wide transformation
- Consolidated production network largely completed; optimizing continuous production line at Columbia, MO
- Investing in automation to improve conversion costs (COGS reduction)
- Consolidating warehouse network and reducing logistics expenses
- Exiting less profitable product lines
- China operational cessation: accelerated depreciation noted as part of unusual charges; Q4 gross margin included shutdown-related expenses
Market Outlook
- 1Q 2026 revenue guidance: approximately $57M to $59M (management cited low visibility and 'only limited and very near-term guidance' due to uncertainty)
Risks & Headwinds
- Persistent weak demand in plant-based meat category leading to lower volumes and fixed-cost absorption headwinds
- Foodservice declines partly due to lapping sales of chicken products to a U.S. QSR customer
- International: reduced burger sales in EU and certain Canadian retail channels; Canada impacted by prior-year stocking activity in anticipation of potential tariffs (tariff context but no specific tariff rate disclosed)
- Gross margin compression driven by reduced production volumes, higher materials costs, and inventory obsolescence provisions
- Significant nonroutine charges: inventory obsolescence provision increases, $2.4M SKU rationalization charges, $1.5M China shutdown costs, $48.1M write-down of PP&E held for sale, $38.9M litigation-related accrual
- Compliance/reporting risk: unable to file 2025 Form 10-K by the deadline; timeframe for filing not estimated; possible loss of Form S-3 eligibility until timely-filer status restored
- Internal control risk: additional material weakness relating to inventory provision accounting
Sentiment: CAUTIOUS
Note: This summary was synthesized by AI from the BYND Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.