Beyond Meat Financials
This page shows Beyond Meat (BYND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Beyond Meat has an operating margin of -47.8%, meaning the company retains $-48 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -99.6% the prior year.
Beyond Meat's revenue declined 4.9% year-over-year, from $343.4M to $326.5M. This contraction results in a growth score of 14/100.
With a current ratio of 4.66, Beyond Meat holds $4.66 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Beyond Meat generated -$98.8M in operating cash flow, capex of $11.0M consumed most of it, leaving -$109.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Beyond Meat passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Beyond Meat generates $0.62 in operating cash flow (-$98.8M OCF vs -$160.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Beyond Meat earns $-38.1 in operating income for every $1 of interest expense (-$156.1M vs $4.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Beyond Meat generated $326.5M in revenue in fiscal year 2024. This represents a decrease of 4.9% from the prior year.
Beyond Meat's EBITDA was -$133.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.7% from the prior year.
Beyond Meat generated -$109.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 7.2% from the prior year.
Beyond Meat reported -$160.3M in net income in fiscal year 2024. This represents an increase of 52.6% from the prior year.
Beyond Meat earned $-2.43 per diluted share (EPS) in fiscal year 2024. This represents an increase of 53.8% from the prior year.
Beyond Meat held $131.9M in cash against $1.1B in long-term debt as of fiscal year 2024.
Beyond Meat had 76M shares outstanding in fiscal year 2024. This represents an increase of 17.7% from the prior year.
Beyond Meat's gross margin was 12.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 36.8 percentage points from the prior year.
Beyond Meat's operating margin was -47.8% in fiscal year 2024, reflecting core business profitability. This is up 51.8 percentage points from the prior year.
Beyond Meat's net profit margin was -49.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 49.4 percentage points from the prior year.
Beyond Meat invested $28.1M in research and development in fiscal year 2024. This represents a decrease of 28.8% from the prior year.
Beyond Meat invested $11.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 4.3% from the prior year.
BYND Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.2M-6.3% | $75.0M+9.1% | $68.7M-10.3% | $76.7M-17.7% | $93.2M+23.3% | $75.6M+2.6% | $73.7M-2.2% | $75.3M |
| Cost of Revenue | $63.0M-5.1% | $66.4M-4.9% | $69.8M+4.7% | $66.7M-16.1% | $79.5M+10.5% | $71.9M-54.3% | $157.5M+90.8% | $82.6M |
| Gross Profit | $7.2M-15.8% | $8.6M+906.7% | -$1.1M-110.6% | $10.0M-27.1% | $13.7M+274.0% | $3.7M+104.4% | -$83.9M-1056.0% | -$7.3M |
| R&D Expenses | $4.9M-15.3% | $5.8M-22.2% | $7.5M+11.9% | $6.7M+21.6% | $5.5M-44.4% | $9.9M+7.1% | $9.2M+1.0% | $9.1M |
| SG&A Expenses | $37.2M-1.2% | $37.7M-20.9% | $47.7M+15.9% | $41.1M-2.4% | $42.2M-10.8% | $47.3M-30.2% | $67.7M+27.2% | $53.3M |
| Operating Income | -$112.3M-221.8% | -$34.9M+37.9% | -$56.2M-48.6% | -$37.8M-11.4% | -$33.9M+36.5% | -$53.5M+66.7% | -$160.8M-131.0% | -$69.6M |
| Interest Expense | $4.4M+120.7% | $2.0M+95.5% | $1.0M-0.1% | $1.0M-0.4% | $1.0M+1.4% | $1.0M+2.7% | $988K-0.1% | $989K |
| Income Tax | $0 | $0 | $0 | $0+100.0% | -$34K-1800.0% | $2K | $0 | $0 |
| Net Income | -$110.7M-278.5% | -$29.2M+44.7% | -$52.9M-18.0% | -$44.9M-30.1% | -$34.5M+36.6% | -$54.4M+65.0% | -$155.1M-120.0% | -$70.5M |
| EPS (Diluted) | $-1.44 | $-0.38+44.9% | $-0.69-6.2% | $-0.65-22.6% | $-0.53+36.9% | $-0.84+65.3% | $-2.42-122.0% | $-1.09 |
BYND Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $599.7M-13.3% | $691.7M+7.4% | $643.8M-5.1% | $678.1M-4.7% | $711.2M-3.2% | $735.0M-5.1% | $774.5M-16.7% | $929.2M |
| Current Assets | $288.6M-2.9% | $297.1M+15.5% | $257.3M-10.2% | $286.5M-9.7% | $317.3M-5.7% | $336.5M-9.7% | $372.8M-20.9% | $471.6M |
| Cash & Equivalents | $117.3M+13.3% | $103.5M+1.3% | $102.1M-22.6% | $131.9M-8.9% | $144.9M-8.3% | $157.9M-17.1% | $190.5M-12.4% | $217.5M |
| Inventory | $110.3M-0.5% | $110.9M+10.8% | $100.1M-11.8% | $113.4M-5.1% | $119.5M-2.5% | $122.5M-6.0% | $130.3M-33.0% | $194.6M |
| Accounts Receivable | $27.9M-25.2% | $37.3M+12.2% | $33.3M+23.8% | $26.9M-22.1% | $34.5M-3.3% | $35.6M+12.3% | $31.7M-11.3% | $35.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.4B+1.1% | $1.4B+5.8% | $1.3B+1.1% | $1.3B-1.7% | $1.3B+0.4% | $1.3B+0.7% | $1.3B-0.3% | $1.3B |
| Current Liabilities | $63.6M-29.4% | $90.2M+18.8% | $75.9M+23.5% | $61.5M-26.4% | $83.5M+6.0% | $78.8M+6.0% | $74.4M-5.7% | $78.9M |
| Long-Term Debt | $1.2B+2.7% | $1.2B+4.2% | $1.1B+0.1% | $1.1B+0.2% | $1.1B+0.1% | $1.1B+0.1% | $1.1B+0.1% | $1.1B |
| Total Equity | -$784.1M-15.8% | -$677.0M-4.2% | -$649.5M-8.0% | -$601.2M-1.9% | -$590.0M-5.1% | -$561.4M-9.4% | -$513.4M-41.5% | -$362.9M |
| Retained Earnings | -$1.4B-8.4% | -$1.3B-2.3% | -$1.3B-4.3% | -$1.2B-6.1% | -$1.2B-3.0% | -$1.1B-5.0% | -$1.1B-16.7% | -$926.1M |
BYND Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$38.8M-16.8% | -$33.2M-27.0% | -$26.1M+9.7% | -$29.0M-80.8% | -$16.0M+49.7% | -$31.8M-11.4% | -$28.5M-415.3% | $9.1M |
| Capital Expenditures | $2.9M+50.0% | $1.9M-56.8% | $4.5M-30.7% | $6.5M+389.4% | $1.3M+10.5% | $1.2M-40.1% | $2.0M+39.8% | $1.4M |
| Free Cash Flow | -$41.7M-18.6% | -$35.1M-14.7% | -$30.6M+13.5% | -$35.4M-104.4% | -$17.3M+47.5% | -$33.0M-8.1% | -$30.5M-500.5% | $7.6M |
| Investing Cash Flow | -$1.9M+1.1% | -$1.9M+53.2% | -$4.1M+33.5% | -$6.2M-523.0% | $1.5M+587.1% | -$302K-100.0% | -$151K+88.1% | -$1.3M |
| Financing Cash Flow | $54.2M+58.3% | $34.2M+5911.4% | -$589K-101.3% | $47.1M+44080.4% | -$107K+88.6% | -$941K-480.9% | -$162K-84.1% | -$88K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BYND Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.3%-1.2pp | 11.5%+13.0pp | -1.6%-14.6pp | 13.1%-1.7pp | 14.7%+9.9pp | 4.9%+118.7pp | -113.8%-104.2pp | -9.6% |
| Operating Margin | -160.0%-113.4pp | -46.6%+35.2pp | -81.8%-32.4pp | -49.3%-12.9pp | -36.4%+34.3pp | -70.7%+147.5pp | -218.3%-125.8pp | -92.4% |
| Net Margin | -157.6%-118.6pp | -39.0%+38.0pp | -77.0%-18.5pp | -58.5%-21.5pp | -37.0%+34.9pp | -71.9%+138.6pp | -210.5%-116.9pp | -93.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -18.5%-14.2pp | -4.2%+4.0pp | -8.2%-1.6pp | -6.6%-1.8pp | -4.9%+2.5pp | -7.4%+12.6pp | -20.0%-12.4pp | -7.6% |
| Current Ratio | 4.54+1.2 | 3.29-0.1 | 3.39-1.3 | 4.66+0.9 | 3.80-0.5 | 4.27-0.7 | 5.01-1.0 | 5.98 |
| Debt-to-Equity | -1.56+0.2 | -1.760.0 | -1.76+0.1 | -1.90+0.0 | -1.93+0.1 | -2.03+0.2 | -2.22+0.9 | -3.13 |
| FCF Margin | -59.4%-12.5pp | -46.9%-2.3pp | -44.6%+1.6pp | -46.2%-27.6pp | -18.6%+25.1pp | -43.6%-2.2pp | -41.4%-51.6pp | 10.1% |
Note: Shareholder equity is negative (-$601.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Beyond Meat's annual revenue?
Beyond Meat (BYND) reported $326.5M in total revenue for fiscal year 2024. This represents a -4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Beyond Meat's revenue growing?
Beyond Meat (BYND) revenue declined by 4.9% year-over-year, from $343.4M to $326.5M in fiscal year 2024.
Is Beyond Meat profitable?
No, Beyond Meat (BYND) reported a net income of -$160.3M in fiscal year 2024, with a net profit margin of -49.1%.
What is Beyond Meat's earnings per share (EPS)?
Beyond Meat (BYND) reported diluted earnings per share of $-2.43 for fiscal year 2024. This represents a 53.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Beyond Meat's EBITDA?
Beyond Meat (BYND) had EBITDA of -$133.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Beyond Meat have?
As of fiscal year 2024, Beyond Meat (BYND) had $131.9M in cash and equivalents against $1.1B in long-term debt.
What is Beyond Meat's gross margin?
Beyond Meat (BYND) had a gross margin of 12.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Beyond Meat's operating margin?
Beyond Meat (BYND) had an operating margin of -47.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Beyond Meat's net profit margin?
Beyond Meat (BYND) had a net profit margin of -49.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Beyond Meat's free cash flow?
Beyond Meat (BYND) generated -$109.8M in free cash flow during fiscal year 2024. This represents a 7.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Beyond Meat's operating cash flow?
Beyond Meat (BYND) generated -$98.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Beyond Meat's total assets?
Beyond Meat (BYND) had $678.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Beyond Meat's capital expenditures?
Beyond Meat (BYND) invested $11.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Beyond Meat spend on research and development?
Beyond Meat (BYND) invested $28.1M in research and development during fiscal year 2024.
How many shares does Beyond Meat have outstanding?
Beyond Meat (BYND) had 76M shares outstanding as of fiscal year 2024.
What is Beyond Meat's current ratio?
Beyond Meat (BYND) had a current ratio of 4.66 as of fiscal year 2024, which is generally considered healthy.
What is Beyond Meat's debt-to-equity ratio?
Beyond Meat (BYND) had a debt-to-equity ratio of -1.90 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Beyond Meat's return on assets (ROA)?
Beyond Meat (BYND) had a return on assets of -23.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Beyond Meat's cash runway?
Based on fiscal year 2024 data, Beyond Meat (BYND) had $131.9M in cash against an annual operating cash burn of $98.8M. This gives an estimated cash runway of approximately 16 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Beyond Meat's debt-to-equity ratio negative or unusual?
Beyond Meat (BYND) has negative shareholder equity of -$601.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Beyond Meat's Piotroski F-Score?
Beyond Meat (BYND) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Beyond Meat's earnings high quality?
Beyond Meat (BYND) has an earnings quality ratio of 0.62x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Beyond Meat cover its interest payments?
Beyond Meat (BYND) has an interest coverage ratio of -38.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Beyond Meat?
Beyond Meat (BYND) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.