Beyond Meat, Inc. income statement
In fiscal 2025, Beyond Meat, Inc. reported revenue of $275m, down 15.6% on the year before, operating income of −$334m (a -121.1% margin) and net income of $219m, or −$1.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 33 | 88 | 298 | 407 | 465 | 419 | 343 | 326 | 275 | 259 |
| Cost of revenue | 35 | 70 | 198 | 285 | 347 | 443 | 426 | 285 | 268 | 251 |
| Gross profit | −2 | 18 | 100 | 122 | 117 | −24 | −83 | 42 | 8 | 8 |
| Research and development | 6 | 10 | 21 | 32 | 67 | 62 | 40 | 28 | 23 | 19 |
| Selling, general and administrative | 17 | 34 | 75 | 134 | 209 | 240 | 204 | 170 | 218 | 203 |
| Operating income | −29 | −28 | −0 | −49 | −175 | −343 | −342 | −156 | −334 | −314 |
| Interest expense | 1 | 1 | 3 | 3 | 4 | 4 | 4 | 4 | 14 | 24 |
| Income before tax | −30 | −30 | −12 | −53 | −179 | −347 | −334 | −160 | 219 | 289 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −30 | −30 | −12 | −53 | −182 | −366 | −338 | −160 | 219 | 289 |
| Diluted EPS | −$5.57 | −$4.75 | −$0.29 | −$0.85 | −$2.88 | −$5.75 | −$5.26 | −$2.43 | −$1.83 | — |
| Diluted shares (average) | 5m | 6m | 42m | 62m | 63m | 64m | 64m | 66m | 181m | — |
| EBITDA | −25 | −23 | 8 | −36 | −153 | −310 | −294 | −133 | −301 | −284 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 77 | 69 | 75 | 70 | 62 | 58 | 69 |
| Cost of revenue | 67 | 67 | 76 | 67 | 63 | 69 | 56 | 63 |
| Gross profit | 14 | 10 | −7 | 8 | 7 | −7 | 2 | 6 |
| Research and development | 6 | 7 | 7 | 6 | 5 | 5 | 5 | 4 |
| Selling, general and administrative | 39 | 41 | 50 | 40 | 37 | 95 | 38 | 32 |
| Operating income | −31 | −38 | −64 | −38 | −112 | −130 | −41 | −31 |
| Interest expense | 1 | 1 | 1 | 2 | 4 | 7 | 7 | 7 |
| Income before tax | −27 | −45 | −61 | −32 | −111 | 412 | −28 | 16 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −27 | −45 | −61 | −32 | −111 | 412 | −28 | 16 |
| Diluted EPS | −$0.41 | −$0.65 | −$0.80 | −$0.42 | −$1.44 | $0.69 | −$0.06 | −$0.06 |
| EBITDA | −26 | −32 | −57 | −29 | −103 | −122 | −34 | −24 |
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