Beyond Meat Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
Red here stands for a documented risk to the substance of the business, not for a judgment on price. Four findings support it together: negative equity of $21.1 million as of March 28, 2026; interest coverage clearly below one ($6.7 million of interest expense against a $41.1 million quarterly operating loss) on debt that keeps growing through payment-in-kind interest of 9.5 and 12.0 percent; two unremediated material weaknesses alongside disclosure controls explicitly classified as not effective; and a listing risk the company itself names in connection with the Nasdaq minimum bid price requirement. Deliberately excluded from this verdict are the low share price and the high volatility — those are price arguments. Honesty also requires the other side: there is no going-concern warning from the auditors, cash stood at $191.0 million on March 28, 2026, covenants were met, and cash burn has fallen to a fifth of the prior-year level. Anyone watching this stock should check three lines in the next quarterly report: equity, cash from operations and the share count on the cover page. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Beyond Meat is the anchoring trap in its purest form: today's price cannot be compared with the 2019 price, because a note exchange sits between them that turned 76 million shares into more than 500 million. The only annual profit in company history (2025: $219.0 million) consists of $548.7 million of book gain, while operations lost $333.6 million and burned $144.9 million. The cost side demonstrably works better — $5.0 million of cash burn in the first quarter of 2026 instead of $26.1 million, and a gross margin back in positive territory — yet revenue has fallen for four years, equity is below zero, and interest is paid in paper. Not investment advice.
Earnings quality
The only annual profit in company history is an accounting entry: $219.0 million of net income in 2025, of which $548.7 million came from debt restructuring, against a $333.6 million operating loss and $144.9 million of cash used in operations. 2024 (−$160.3 million) and 2023 (−$338.1 million) were losses as well.
Balance sheet & financing
Equity stood at negative $21.1 million as of March 28, 2026. Interest is paid in paper — 9.50 percent PIK on the 2030 notes, 12.0 percent (14.3 effective) on the first-lien term loan — so the debt keeps growing: by $10.4 million on May 1, 2026 alone. With a $41.1 million quarterly operating loss against $6.7 million of interest expense, interest coverage is clearly below one.
Dilution
76,065,969 shares (December 31, 2024) became 515,342,392 (May 6, 2026), 317,834,446 of them from the October 2025 note exchange. Another 165,689,333 instruments are potentially dilutive, against three billion authorized shares. Any recovery above the $1.7459 conversion price automatically brings new stock with it.
Cost discipline
Cash used in operating activities fell to $5.0 million in the first quarter of 2026 from $26.1 million a year earlier, the gross margin swung from negative 10.1 percent to positive 3.4 percent, and research and administrative costs dropped by double digits. That movement comes from operations, not from accounting.
Demand & market position
Revenue has fallen for four years — from $464.7 million (2021) to $275.5 million (2025), down 15.6 percent in 2025 alone on 15.9 percent lower volume; the first quarter of 2026 was down 15.3 percent. Net revenue per pound actually rose slightly: this is a volume problem, not a price problem.
Reporting quality & controls
Two material weaknesses in internal control were unremediated as of March 28, 2026 — one covering non-routine and complex transactions, the other inventory valuation. The chief executive and chief financial officers explicitly classified disclosure controls as "not effective," and the late 2025 annual report drew a Nasdaq deficiency notice on April 6, 2026.
Worth Noting
Beyond Meat reached our research list through the daily review of mandatory SEC filings: the Form 8-K of April 9, 2026 (Item 3.01) reported a Nasdaq deficiency notice for the late 2025 annual report. It is not a momentum or value scanner hit — conventional ratios mislead here, because the 2025 "profit" is a book gain and book value is negative.
Recency status: we evaluated the Form 10-K for 2025 (filed April 9, 2026) and the Form 10-Q for the quarter ended March 28, 2026 (filed May 7, 2026) plus every filing made since — among them the Big Geyser warrants (8-K of June 25, 2026), the indenture amendment discussions (8-K of July 17, 2026) and the appointment of a chief operating officer (8-K of July 30, 2026). The share count comes from the 10-Q cover page (as of May 6, 2026).
Valuation figures are dated and evergreen: market capitalization of roughly $0.33 billion based on 515,342,392 shares and a price in the $0.60 to $0.65 range (data as of August 5, 2026); the cross-check is the $0.60 warrant exercise price documented in the 8-K of June 25, 2026. Not to be confused: the reported 2025 net income is not an operating profit, and no going-concern warning from the auditors exists.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at BYND since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.407 $ to 14.80 $ · Last price: 11.70 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Packaged Foods
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Beyond Meat Inc BYND | 0.2 | – | 1.2 | 10.3 | -69.3 | -15.6 | -85.7 |
| JBS N.V. JBS | 39.9 | 11.7 | 6.2 | 11.8 | 2.5 | 13.0 | -16.1 |
| Kraft Heinz Co KHC | 29.1 | – | 13.1 | 33.5 | 20.7 | -3.5 | 2.7 |
| General Mills Inc GIS | 19.9 | 9.2 | 21.6 | 33.7 | 19.2 | -1.9 | -20.8 |
| McCormick & Company Incorporated MKC-V | 13.8 | 8.6 | 13.4 | 38.9 | 17.4 | 1.7 | -18.7 |
| McCormick & Company Incorporated MKC | 13.5 | 8.9 | 13.1 | 38.9 | 17.4 | 1.7 | -23.2 |
| The J. M. Smucker Company SJM | 12.8 | – | 14.8 | 38.0 | 18.5 | 3.7 | 22.5 |
| Hormel Foods Corporation HRL | 11.6 | 28.1 | 15.5 | 15.7 | 11.1 | 1.6 | -12.2 |
| Darling Ingredients Inc DAR | 10.7 | 48.5 | 9.6 | 26.3 | 8.1 | 7.4 | 100.8 |
| Median of companies shown | 13.5 | 10.4 | 13.1 | 33.5 | 17.4 | 1.7 | -16.1 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 16 | -25 | -25 | -16.27 | -24 | -67 | 35 |
| 2017 | 33 | -29 | -30 | -19.66 | -25 | -96 | 66 |
| 2018 | 88 | -28 | -30 | -19.34 | -38 | 79 | 134 |
| 2019 | 298 | 0 | -12 | -8.83 | -47 | 384 | 452 |
| 2020 | 407 | -49 | -53 | -25.41 | -40 | 367 | 468 |
| 2021 | 465 | -175 | -182 | -86.48 | -301 | 133 | 1,379 |
| 2022 | 419 | -343 | -366 | -172.65 | -320 | -204 | 1,062 |
| 2023 | 343 | -342 | -338 | -157.77 | -108 | -513 | 774 |
| 2024 | 326 | -156 | -160 | -72.85 | -99 | -601 | 678 |
| 2025 | 276 | -233 | 220 | 36.38 | -161 | 0 | 616 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | -0.53 | 36.10 | 93 | -8.80 | -37.00 | -16 | -17 |
| 2024: Q3 | -0.41 | 62.40 | 81 | 7.60 | -32.80 | -22 | -24 |
| 2024: Q4 | -0.65 | 29.30 | 77 | 4.00 | -58.50 | -29 | -35 |
| 2025: Q1 | -0.80 | 4.80 | 69 | -9.10 | -77.00 | -26 | -31 |
| 2025: Q2 | -0.40 | 24.50 | 75 | -19.60 | -39.00 | -33 | -35 |
| 2025: Q3 | -0.47 | -14.60 | 70 | -13.30 | -157.60 | -39 | -42 |
| 2025: Q4 | -0.39 | 39.50 | 62 | -19.70 | 670.20 | -52 | -61 |
| 2026: Q1 | -0.10 | 87.50 | 58 | -15.30 | -48.90 | -5 | -8 |
| 2026: Q2 | -0.06 | 85.00 | 69 | -8.30 | 23.80 | -18 | -20 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 13 of our scanner strategies — each hit links to the scanner.
Growth
Momentum & Trend
Research
Risk & Weakness
- Bankruptcy Study: Stacked Warning Signals
- Below the 50- & 200-SMA
- Beneish M-Score
- Going Concern (Distress Proxy)
- RS Weakness (≤10)
- Stage 4 (Downtrend)
- Stan Weinstein: Stage 4
- Stan Weinstein: Stage 4B-
- Weakness Cluster
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -11.83 | -13.76 – -9.90 | 246 | 77.7% | 2 |
| 12/31/2027 | -10.42 | -12.57 – -8.28 | 242 | 11.9% | 2 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Kein wesentlicher KI-Bezug in den sechs ausgewerteten Filings: Beyond Meat verkauft keine KI-Produkte, belegt keinen operativen KI-Einsatz und nennt KI nur als allgemeinen Technologietrend in den Risikofaktoren — reine Boilerplate ohne konkreten Bezug zum eigenen Geschäftsmodell.
View the full file — quotes, sources, reviewed filings
„Emerging technological trends such as artificial intelligence, machine learning and automation are impacting industries and business operations. If we do not sufficiently invest in new technology and industry developments, appropriately implement new technologies or evolve our business at sufficient speed and scale in response to such developments, or if we do not make the right strategic investments to respond to these developments, our products, results of operations and ability to develop and maintain our business could be negatively affected."
Aufkommende Technologietrends wie künstliche Intelligenz, maschinelles Lernen und Automatisierung wirken auf Branchen und Geschäftsabläufe ein. Wenn wir nicht ausreichend in neue Technologien und Branchenentwicklungen investieren, neue Technologien nicht angemessen einführen oder unser Geschäft nicht schnell und umfassend genug an diese Entwicklungen anpassen, oder wenn wir nicht die richtigen strategischen Investitionen als Antwort auf diese Entwicklungen tätigen, könnten unsere Produkte, unsere Geschäftsergebnisse und unsere Fähigkeit, unser Geschäft zu entwickeln und zu erhalten, beeinträchtigt werden.
10-K · 2026-04-09 · View SEC filing
„… commercialization and scale-up of new products, the success of our management and sales and marketing teams in introducing and marketing new products, our ability to adapt to changes in technology, including the successful utilization of data analytics, artificial intelligence and machine learning, managing the distribution of new products and managing our partnerships with distributors in a product category that we have limited experience with."
… Kommerzialisierung und Hochlauf neuer Produkte, der Erfolg unserer Führungs-, Vertriebs- und Marketingteams bei der Einführung und Vermarktung neuer Produkte, unsere Fähigkeit, uns an technologische Veränderungen anzupassen — einschließlich der erfolgreichen Nutzung von Datenanalyse, künstlicher Intelligenz und maschinellem Lernen —, die Steuerung des Vertriebs neuer Produkte und die Steuerung unserer Partnerschaften mit Händlern in einer Produktkategorie, mit der wir nur begrenzte Erfahrung haben.
10-Q · 2026-05-07 · View SEC filing
Filings Reviewed: 10-Q 2026-05-07 · 10-K 2026-04-09 · 10-Q 2025-11-12 · 10-Q 2025-08-08 · 10-Q 2025-05-08 · 10-K 2025-03-05
Rated on August 5, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -13.0%
- More than 10% revenue growth is expected for the coming year -76.2%
- Share count grows by less than 3% a year 41.8%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -78.4%
- Gross margin at 40% or higher and without meaningful erosion 2.8%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 1.1 x EBITDA
- Operating cash flow covers the profits of the last three years -89 m
- Return on capital at 15% or higher, or up versus two years ago -43.2%
- Insiders hold at least 10% or are net buyers 3.4%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
1/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 37.0%
- Exp. sales growth 3Y > 5% -6.2%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% -6.2%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% –
- ROCE > 15% -43.2%
- Expected return > 10% -92.9%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Kutua Lubi | CFO, Treasurer | Other | 119 | 10.31 | 1,227 |
| Sep 14, 2026 | Brown Ethan | President, Chief Exec. Officer | Other | 421 | 10.31 | 4,341 |
| Sep 14, 2026 | Ajami Dariush | Chief Innovation Officer | Other | 102 | 10.31 | 1,052 |
| Sep 14, 2026 | Witteman Teri L | Chief Legal Officer, Secretary | Other | 68 | 10.31 | 701 |
| Jul 13, 2026 | Kutua Lubi | CFO, Treasurer | Other | 1,209 | 0.6211 | 751 |
| Jul 10, 2026 | Lufkin Paul Andrew | Senior Vice President, Sales | Other | 1,107 | 0.656 | 726 |
| Apr 20, 2026 | Teri L Witteman | Insider | Sell | 29,978 | 1.00 | 29,978 |
The company
About the Company
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.
- Employees
- 589
- Headquarters
- El Segundo, CA
- Address
- 888 North Douglas Street, 90245 El Segundo, United States
- Phone
- 866 756 4112
- Website
- beyondmeat.com
- IPO Date
- 05/02/2019
- ISIN
- US08862E1091
- Stock Split
- 1:30 on 08/14/2026
Management
| Name | Title | Birth Year |
|---|---|---|
| Ethan Brown | Founder, President, CEO & Director | 1972 |
| Lubi Kutua | CFO & Treasurer | 1982 |
| Teri L. Witteman Esq., J.D. | Chief Legal Officer & Secretary | 1968 |
| Drew Lufkin | Senior Vice President of Sales | 1978 |
| Dariush Ajami Ph.D. | Chief Innovation Officer | 1976 |
| Brijesh Krishnaswamy | Chief Operating Officer | 1974 |
| Tony T. Kalajian CPA, M.B.A. | Chief Accounting Officer | 1971 |
| Paul Sheppard | Vice President of Financial Planning & Analysis and Investor Relations | – |
| Shira Zackai | Head of Communications & VP | – |
| John R. Boken | Interim Chief Transformation Officer | 1963 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/01/2026 BEYOND MEAT, INC. (BYND): Other Events SEC ↗
- 08/14/2026 BEYOND MEAT, INC. (BYND): Material Modifications to Rights of Security Holders; Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Other Events; Financial Statements and Exhibits SEC ↗
- 08/11/2026 BEYOND MEAT, INC. (BYND): Other Events; Financial Statements and Exhibits SEC ↗
- 08/10/2026 BEYOND MEAT, INC. (BYND): Entry into a Material Definitive Agreement; Financial Statements and Exhibits SEC ↗
- 08/05/2026 BEYOND MEAT, INC. (BYND): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/30/2026 BEYOND MEAT, INC. (BYND): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 07/17/2026 BEYOND MEAT, INC. (BYND): Regulation FD Disclosure SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.