Every 10-Q that Beyond Meat, Inc. (BYND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BYND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BYND filings page.
Beyond Meat, Inc. reported Q2 2026 net revenues of $68.8 million, down from the prior year, and a loss from operations of $30.8 million. After $47.2 million of other income, including a $57.7 million gain on debt extinguishment, the company posted net income of $16.4 million for the quarter.
For the first six months of 2026, net revenues were $127.0 million and the company recorded a net loss of $12.1 million, significantly narrower than a year earlier. Total debt outstanding decreased to $323.8 million from $415.7 million at year-end, aided by conversions of 2030 Notes into equity, which increased shares outstanding to 515.8 million and lifted stockholders’ equity to $56.8 million from a small deficit. Cash, cash equivalents and restricted cash were $186.1 million, with $23.2 million used in operating activities in the first half. The company also disclosed existing material weaknesses in internal control and corrected prior 2025 interim errors related to inventory valuation and debt issuance costs.
Beyond Meat reported first-quarter 2026 net revenues of $58.2 million, down from $68.7 million a year earlier as both U.S. retail and foodservice sales declined. Despite lower sales, gross margin improved to a $2.0 million gross profit versus a gross loss in 2025, helped by lower cost of goods sold.
The company cut operating expenses to $43.1 million from $57.4 million, shrinking the operating loss to $41.1 million. Net loss narrowed to $28.5 million, aided by an $11.9 million gain from remeasuring an embedded derivative, a $6.1 million gain on debt extinguishment and a $1.3 million warrant fair-value gain.
Cash, cash equivalents and restricted cash totaled $205.8 million at quarter end after $5.0 million of operating cash outflow, while inventory fell to $68.9 million. The balance sheet shows $411.6 million of total debt, including $29.5 million of 2027 convertible notes and sizeable 2030 convertible notes, and a stockholders’ deficit of $21.1 million. The company also prospectively corrected prior Q1 2025 interim financials for inventory valuation and debt issuance cost errors.
Beyond Meat (BYND) filed its Q3 2025 10‑Q, reporting a deeper quarterly loss driven by a large impairment. Net revenues were $70,218,000 versus $81,006,000 a year ago. The company recorded a $77,414,000 loss from impairment of long‑lived assets, leading to a loss from operations of $112,331,000 and a net loss of $110,688,000.
Cash and cash equivalents were $117,296,000 as of September 27, 2025. During the quarter and year‑to‑date, the company drew the full $100,000,000 under a delayed draw term loan facility and issued related warrants, with a period‑end warrant liability of $14,825,000. Long‑term liabilities included 2027 notes, net, of $1,144,427,000 and delayed draw term loans, net, of $77,734,000.
Subsequent events: on October 15 and October 30, 2025, Beyond Meat completed an exchange of $1,120,541,000 aggregate principal of its 2027 Notes for $209,721,000 of 2030 Notes (including the SteerCo Premium) and 317,834,446 new shares. It also sold 58,888,790 shares under its ATM program for $151,700,000 in gross proceeds, netting approximately $148,700,000. Shares outstanding were 453,570,181 as of November 11, 2025; shares outstanding were 76,751,920 as of September 27, 2025.
Beyond Meat (BYND) Q2-25 10-Q highlights
Net revenues slid 19.6% YoY to $74.96 m as U.S. retail weakness persisted; gross margin compressed to 11.5% (-320 bps). Operating loss was $34.9 m; net loss narrowed to $29.2 m (-$0.38/sh) helped by a $7.7 m FX gain. First-half sales fell 14.9% to $143.7 m with a 5.2% margin, producing an $82.2 m net loss.
Balance sheet & liquidity
- Cash & equivalents: $103.5 m (-$28.4 m YTD) plus $12.6 m restricted cash.
- Convertible notes: $1.14 bn; new secured delayed-draw term loan: $40 m drawn, up to $100 m total.
- Stockholders’ deficit widened to $677 m.
The June draw generated warrants for 3.82 m shares at $3.26; a further 5.74 m warrants may issue if the remaining $60 m is tapped, creating a $20.1 m warrant liability and potential 12.5% dilution.
Strategic actions
- Feb-25: 44-person workforce cut (17% of non-production) and suspension of China operations; Aug-25: additional 44 layoffs approved.
- Campus HQ lease trimmed by 61.6 k sq ft; 54.7 k sq ft subleased to Varda Space.
Outlook: Management targets cost reduction, margin expansion and cash preservation, but revenue contraction, negative operating cash flow (-$59.4 m YTD) and high leverage sustain elevated risk.