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Beyond Meat, Inc., a plant-based meat company, engages in the development, manufacture, marketing, and sale of plant-based meat products under the Beyond brand name in the United States and internationally. The company sells a range of plant-based meat products that replicates beef, pork, and poultry meats. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, 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 incorporated in 2008 and is headquartered in El Segundo, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $275M | $266M | $178M | $-157M | -17854.8% | -15.6% | -211.1% |
| 2024 | $326M | $-133M | $-160M | $-110M | 26.7% | -4.9% | -52.6% |
| 2023 | $343M | $-282M | $-338M | $-118M | 65.9% | -18.0% | -7.6% |
| 2022 | $419M | $-311M | $-366M | $-394M | 179.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 418.93 | 343.38 | 326.45 | 275.50 |
| Operating Revenue | - | 418.93 | 343.38 | 326.45 | 275.50 |
| Cost Of Revenue | - | 442.68 | 426.03 | 284.75 | 267.85 |
| Gross Profit | - | -23.74 | -82.66 | 41.70 | 7.65 |
| Operating Expense | - | 301.77 | 243.24 | 197.82 | 240.99 |
| Research And Development | - | 62.26 | 39.53 | 28.15 | 23.24 |
| Selling General And Administration | - | 239.50 | 203.70 | 169.67 | 217.76 |
| Total Expenses | - | 744.44 | 669.27 | 482.58 | 508.84 |
| Operating Income | - | -325.51 | -325.89 | -156.12 | -233.35 |
| Total Operating Income As Reported | - | -342.77 | -341.90 | -156.12 | -333.62 |
| EBITDA | - | -310.61 | -282.19 | -133.01 | 265.90 |
| Normalized EBITDA | - | -293.35 | -266.18 | -133.01 | -185.26 |
| EBIT | - | -343.19 | -330.28 | -156.13 | 233.13 |
| Interest Expense | - | 3.97 | 3.96 | 4.10 | 14.03 |
| Net Interest Income | - | -3.97 | -3.96 | -4.10 | -14.03 |
| Other Non Operating Income Expenses | - | -0.42 | 11.62 | -0.01 | 15.31 |
| Other Income Expense | - | -17.68 | -4.39 | -0.01 | 466.48 |
| Interest Expense Non Operating | - | 3.97 | 3.96 | 4.10 | 14.03 |
| Net Non Operating Interest Income Expense | - | -3.97 | -3.96 | -4.10 | -14.03 |
| Pretax Income | - | -347.16 | -334.24 | -160.23 | 219.10 |
| Tax Provision | - | 0.03 | 0 | -0.03 | 0 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.62 | -3.36 | 0 | 0 |
| Net Income Continuous Operations | - | -366.14 | -338.14 | -160.28 | 178.01 |
| Net Income From Continuing And Discontinued Operation | - | -366.14 | -338.14 | -160.28 | 178.01 |
| Net Income From Continuing Operation Net Minority Interest | - | -366.14 | -338.14 | -160.28 | 178.01 |
| Net Income | - | -366.14 | -338.14 | -160.28 | 178.01 |
| Net Income Common Stockholders | - | -366.14 | -338.14 | -160.28 | 178.01 |
| Net Income Including Noncontrolling Interests | - | -366.14 | -338.14 | -160.28 | 178.01 |
| Normalized Income | - | -352.50 | -325.50 | -160.28 | -273.15 |
| Diluted NI Availto Com Stockholders | - | -366.14 | -338.14 | -160.28 | -331.52 |
| Basic Average Shares | - | 63.62 | 64.30 | 66 | 155.27 |
| Diluted Average Shares | - | 63.62 | 64.30 | 66 | 180.92 |
| Reconciled Depreciation | - | 32.58 | 48.09 | 23.12 | 32.77 |
| Reconciled Cost Of Revenue | - | 442.68 | 426.03 | 284.75 | 267.85 |
| Total Unusual Items | - | -17.26 | -16.01 | 0 | 451.16 |
| Total Unusual Items Excluding Goodwill | - | -17.26 | -16.01 | 0 | 451.16 |
| Earnings From Equity Interest Net Of Tax | - | -18.95 | -3.90 | -0.07 | -41.09 |
| Special Income Charges | - | -17.26 | -16.01 | 0 | 448.38 |
| Other Special Charges | - | - | - | - | -548.65 |
| Write Off | - | - | 16.64 | 0 | 48.99 |
| Impairment Of Capital Assets | - | - | 0 | 0 | 51.29 |
| Restructuring And Mergern Acquisition | - | 17.26 | -0.63 | 0 | 0 |
| Gain On Sale Of Security | - | - | - | - | 2.79 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 | - |
| Average Dilution Earnings | - | - | 0 | 0 | -509.54 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Beyond Meat, Inc.this co. | BYND | $405M | 2.28↓ discount | -406.28 | -17854.8% | 2.67 |
| Calavo Growers, Inc. | CVGW | $466M | 23.56 | 2.25 | 9.6% | 12.93 |
| Vital Farms, Inc. | VITL | $421M | 6.35 | 1.20 | 18.9% | 3.99 |
| Magnera Corporation | MAGN | $408M | -5.16 | 1.59 | -30.8% | 21.50 |
| The Honest Company, Inc. | HNST | $362M | -23.09 |
| - |
| - |
| - |
| - |
| - |
| 2.13 |
| -9.2% |
| -60.30 |
| Lifeway Foods, Inc. | LWAY | $356M | 25.66 | 4.14 | 16.1% | 14.76 |
| MGP Ingredients, Inc. | MGPI | $348M | -3.23 | 0.48 | -15.0% | -8.61 |
| Nature's Sunshine Products, Inc. | NATR | $346M | 17.73 | 2.14 | 12.1% | 6.20 |
| USANA Health Sciences, Inc. | USNA | $335M | 31.11 | 0.63 | 2.0% | 2.39 |
| Peer Median | - | 12.04 | 1.86 | 5.8% | 5.09 | |