Beyond Meat (BYND)
NASDAQ:BYND
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Beyond Meat
(NASDAQ:BYND)
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Rating:43Neutral
Price Target:
$0.68
▲(12.67% Upside)
Action:ReiteratedDate:04/01/26
The score is dragged down primarily by weak financial performance—shrinking revenue, extremely low gross margin, heavy operating losses, and persistent cash burn. Technicals also point to a sustained downtrend with the stock trading below key moving averages, only partially offset by near-oversold signals. Valuation looks optically cheap on P/E, but earnings quality is questionable given the large debt-restructuring gain, and the latest earnings call underscored continued demand, margin, cash-flow, and reporting-control challenges despite balance-sheet progress.
Positive Factors
Balance-sheet restructuring
The large debt exchange materially reduced near-term nominal debt and extended maturities, relieving immediate refinancing pressure and improving creditor relations. That durable capital-structure change meaningfully lowers short-term liquidity risk and creates runway for operational fixes and strategic investments.
Negative Factors
Sustained revenue & volume declines
Persistent top-line contraction signals structural demand weakness or loss of distribution share; lower volumes reduce fixed-cost absorption and weaken negotiating leverage with retailers. Continued declines make stabilizing unit economics and restoring profitable scale materially harder over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet restructuring
The large debt exchange materially reduced near-term nominal debt and extended maturities, relieving immediate refinancing pressure and improving creditor relations. That durable capital-structure change meaningfully lowers short-term liquidity risk and creates runway for operational fixes and strategic investments.
Read all positive factors
Beyond Meat (BYND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$276.56M
Dividend YieldN/A
Average Volume (3M)32.03M
Price to Earnings (P/E)0.6
Beta (1Y)1.86
Revenue Growth-10.17%
EPS Growth24.25%
CountryUS
Employees754
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.29
Shares Outstanding453,570,200
10 Day Avg. Volume29,936,815
30 Day Avg. Volume32,028,066
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.15K
Price to Sales (P/S)0.46
P/FCF Ratio-0.74
Enterprise Value/Market Cap2.08
Enterprise Value/Revenue2.09
Enterprise Value/Gross Profit75.16
Enterprise Value/Ebitda-2.87
Forecast
1Y Price Target
$0.66Price Target Upside10.00% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering6
EPS Forecast (FY)-0.27
Revenue Forecast (FY)$249.40M
Beyond Meat Business Overview & Revenue Model
Company Description
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 th...
How the Company Makes Money
Beyond Meat primarily makes money by selling plant-based meat products to customers in two main channels: (1) Retail (consumer packaged goods), where products are sold through grocery, mass, club, natural, and other retail outlets, and (2) Foodser...
Beyond Meat Key Performance Indicators (KPIs)
Any
Pounds Sold
Measures the total weight of products sold, indicating market demand and the company's ability to scale production and distribution.
Measures the total weight of products sold, indicating market demand and the company's ability to scale production and distribution.
Data provided by:
The Fly
The FlyBeyond Meat Earnings Call Summary
Earnings Call Date:Mar 31, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The call mixed significant strategic and balance-sheet progress against continued operational weakness. Positive execution on a major debt restructuring, materially strengthened liquidity, early traction on new product adjacencies (Beyond Immerse) and reported improvements in run-rate operating costs and production conversion were notable positives. Offsetting these are steep year-over-year revenue and volume declines (total revenue down 19.7%, volumes down 22.4%), a collapse in gross margin (2.3% vs 13.1% prior year), wider adjusted EBITDA loss, large nonrecurring charges and elevated operating cash burn, as well as material weaknesses in controls and a delayed 10‑K filing. Overall, the company has taken important capital and strategic steps to stabilize but continues to face meaningful near-term demand, margin and reporting challenges.Positive Updates
Balance Sheet Restructuring and Debt Exchange
Exchanged over 97% of $1.15B 2027 convertible notes into ~ $209.7M of new 2030 notes and ~318 million new common shares, leaving ~$29.5M of 2027 notes outstanding; management reports elimination of ~ $900M of prior debt exposure and a large gain on debt restructuring (~$548.7M reported impact on net income). Carrying value of debt post-transaction is $415.7M.
Negative Updates
Significant Revenue and Volume Declines
Total net revenues were $61.6M in Q4 2025, down 19.7% year-over-year; volume of products sold decreased 22.4% YoY. Company provided near-term revenue guidance of $57M–$59M for Q1 2026, indicating continued top-line pressure.
Read all updates
Q4-2025 Updates
Positive
Negative
Balance Sheet Restructuring and Debt Exchange
Exchanged over 97% of $1.15B 2027 convertible notes into ~ $209.7M of new 2030 notes and ~318 million new common shares, leaving ~$29.5M of 2027 notes outstanding; management reports elimination of ~ $900M of prior debt exposure and a large gain on debt restructuring (~$548.7M reported impact on net income). Carrying value of debt post-transaction is $415.7M.
Read all positive updates
Company Guidance
The company gave very limited, near-term guidance due to continued uncertainty in the plant‑based meat category, forecasting Q1 2026 net revenues of approximately $57–$59 million. For context, Q4 2025 sales were $61.6 million (down 19.7% YoY) on a 22.4% decline in volumes even as net revenue per pound rose ~3.5%; reported gross profit was $1.4 million (gross margin 2.3% vs 13.1% a year ago) and operating expenses were $134.2 million (vs $47.8 million) driven by noncash charges including a $48.1 million asset write‑down, a $38.9 million litigation accrual and ~$13.3 million incremental stock‑based comp, while adjusted EBITDA was a loss of $69 million (vs a $26 million loss prior) and reported net income was $409.9 million ($0.84/share) reflecting a $548.7 million gain on debt restructuring. On the balance sheet and cash‑flow side, cash and equivalents were $217.5 million and total carrying value of debt $415.7 million as of 12/31/25, full‑year net cash used in operating activities was $144.9 million (vs $98.8 million prior), capex was $12.3 million, financing provided $223.4 million (including a $100 million draw and roughly $148.7 million of ATM proceeds), and the company exchanged >97% of $1.15 billion 2027 notes for ~ $209.7 million of 2030 notes plus ~318 million shares (leaving ~$29.5 million outstanding); management also disclosed material weaknesses in controls (including inventory provision) and an untimely 10‑K filing risk that could affect Form S‑3 eligibility.Beyond Meat Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
32
Negative
Cash Flow
14
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 275.50M | 326.45M | 343.38M | 418.93M | 464.70M |
| Gross Profit | 7.65M | 41.70M | -11.35M | -23.74M | 117.28M |
| EBITDA | -200.57M | -125.50M | -205.53M | -292.93M | -137.48M |
| Net Income | 219.91M | -160.28M | -338.14M | -366.14M | -182.10M |
Balance Sheet | |||||
| Total Assets | 615.63M | 678.15M | 774.45M | 1.06B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 208.24M | 131.91M | 190.50M | 309.92M | 733.29M |
| Total Debt | 507.97M | 1.22B | 1.22B | 1.19B | 1.16B |
| Total Liabilities | 615.74M | 1.28B | 1.29B | 1.27B | 1.25B |
| Stockholders Equity | -111.00K | -601.21M | -513.37M | -203.55M | 132.50M |
Cash Flow | |||||
| Free Cash Flow | -172.84M | -109.83M | -118.39M | -393.54M | -437.33M |
| Operating Cash Flow | -160.53M | -98.81M | -107.83M | -320.24M | -301.37M |
| Investing Cash Flow | -10.25M | -6.23M | -9.49M | -87.53M | -147.48M |
| Financing Cash Flow | 239.01M | 45.78M | -550.00K | 276.00K | 1.02B |
Beyond Meat Technical Analysis
Negative
0.60
Price Trends
0.72
Negative
0.87
Negative
1.72
Negative
Market Momentum
-0.05
Positive
39.86
Neutral
17.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYND, the sentiment is Negative. The current price of 0.6 is below the 20-day moving average (MA) of 0.67, below the 50-day MA of 0.72, and below the 200-day MA of 1.72, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 39.86 is Neutral, neither overbought nor oversold. The STOCH value of 17.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BYND.
Beyond Meat Risk Analysis
Beyond Meat disclosed 84 risk factors in its most recent earnings report. Beyond Meat reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beyond Meat Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $471.48M | 19.90 | 12.18% | ― | 6.62% | -7.85% | |
50 Neutral | $25.24M | -7.20 | -14.36% | ― | 17.73% | -34.71% | |
48 Neutral | $433.44M | -7.74 | -8.93% | 17.12% | -6.04% | -844.18% | |
45 Neutral | $200.68M | -9.91 | -41.47% | ― | -3.42% | -85.49% | |
43 Neutral | $276.56M | 0.58 | -41.67% | ― | -10.17% | 24.25% | |
40 Underperform | $2.21M | -1.79 | -136.13% | ― | ― | ― |
* Consumer Defensive Sector Average
BYND
Beyond Meat
0.60
-2.10
-77.93%
BGS
B&G Foods
5.42
0.04
0.84%
NATR
Nature's Sunshine Products
26.93
14.82
122.38%
LSF
Laird Superfood
2.31
-2.96
-56.17%
STKH
Steakholder Foods
1.60
-25.60
-94.12%
BRCC
BRC
0.81
-1.34
-62.51%
Beyond Meat Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Beyond Meat Delays Earnings Amid Internal Control Weakness
Negative
Mar 25, 2026
Beyond Meat said on March 25, 2026 that it would delay reporting its fourth-quarter and full-year 2025 results until after the market close on March 31, 2026, when it also plans to file its Form 10-K and host an earnings call. The rescheduling com...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Beyond Meat Delays Annual Report Amid Inventory Control Issues
Negative
Mar 16, 2026
On March 16, 2026, Beyond Meat announced that it would delay filing its annual report for the year ended December 31, 2025, as it needs more time to review its inventory balances, including provisions for excess and obsolete stock. The company dis...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Beyond Meat Faces Nasdaq Delisting Risk, Eyes Reverse Split
Negative
Mar 6, 2026
On March 4, 2026, Beyond Meat disclosed that it had received a notice from Nasdaq after its shares traded below the $1.00 minimum bid price for 30 consecutive business days, putting the stock at risk of eventual delisting from the Nasdaq Global Se...
Business Operations and StrategyPrivate Placements and Financing
Beyond Meat Enhances Noteholder Protections With Indenture Amendment
Positive
Jan 12, 2026
On January 12, 2026, Beyond Meat, Inc. and its wholly owned subsidiary Beyond Meat EU B.V. executed a supplemental indenture with Wilmington Trust, National Association, as trustee and collateral agent, modifying an October 15, 2025 indenture gove...
Business Operations and StrategyExecutive/Board Changes
Beyond Meat Appoints Tony Kalajian as Chief Accounting Officer
Positive
Jan 5, 2026
On December 29, 2025, Beyond Meat entered into an offer letter with veteran finance executive Tony Kalajian and, on January 5, 2026, its board appointed him Chief Accounting Officer and principal accounting officer effective January 12, 2026, or h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.