BYND Nasdaq Food And Kindred Products Financials FY2017βFY2025
Beyond Meat, Inc. had $275M of revenue in fiscal 2025, down 15.6% on the year before. Over five years, revenue changed β7.5% a year on average.
Last close Β· Oct 23, 2026
$7.15
1.7%Hi! I read Beyond Meat, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β15.6%
No. Sales fell 15.6% last year.
Does it make a profit?
79.5%
Yes. It keeps 79.5% of every sale as profit.
Does profit turn into cash?
β57.1%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Beyond Meat, Inc. had $275M of revenue in fiscal 2025, down 15.6% on the year before. Over five years, revenue changed β7.5% a year on average. Its operating margin was β121.1%, down 73.3Β pts: of every 100 in sales, about β121 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Beyond Meat, Inc. made $219M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$157M in fiscal 2025, β57.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $0.3M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.3M
3 insiders
Of sales under plans
100%
$0.3M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 20, 2026 | Teri L WittemanChief Legal Officer, Secretary | Sold plan | 29,978 | $1.00 | $0.0M | Form 4 |
| Apr 13, 2026 | Lubi KutuaCFO, Treasurer | Sold plan | 419,042 | $0.60 | $0.3M | Form 4 |
| Dec 26, 2025 | Chelsea A GraysonDirector | Sold plan | 492 | $0.98 | $0.0M | Form 4 |
| Nov 25, 2025 | Chelsea A GraysonDirector | Sold plan | 492 | $0.87 | $0.0M | Form 4 |
| Oct 27, 2025 | Chelsea A GraysonDirector | Sold plan | 492 | $2.00 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Beyond Meat, Inc. owes $293M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Beyond Meat, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $733M | $310M | $191M | $132M | $204M |
| Debt incl. finance leases | $1.1B | $1.1B | $1.1B | $1.1B | $497M |
| Debt / equity | 8.5x | β | β | β | β |
| Interest coverage | β48.0x | β86.4x | β86.4x | β38.1x | β23.8x |
| Current ratio | 11.2x | 8.0x | 5.0x | 4.7x | 4.6x |
| Quick ratio | 8.6x | 4.9x | 3.3x | 2.8x | 3.4x |
| Total assets | $1.4B | $1.1B | $774M | $678M | $615M |
| Total liabilities | $1.2B | $1.3B | $1.3B | $1.3B | $616M |
| Shareholders' equity | $132M | β$204M | β$513M | β$601M | β$1.0M |
| Net debt (β = net cash) | $397M | $824M | $948M | $1.0B | $293M |
KIRA Β· Its return on capital was β158.2%: every 100 invested in the business earned about β158 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Beyond Meat, Inc. passes 3 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 5 / 9 | 3 / 9 | 1 / 9 | 2 / 9 | 2 / 9 | 4 / 9 | 3 / 9 |
| Accruals ratio | β | 5.9% | 11.8% | β2.8% | 12.9% | β3.8% | β25.1% | β8.5% | 56.3% |
| Altman Z'' | β | β1.26 | 10.08 | 5.16 | 2.92 | β1.34 | β5.41 | β5.83 | β6.23 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $32.6M | $87.9M | $298M | $407M | $465M | $419M | $343M | $326M | $275M |
| Gross profit | β$2.2M | $17.6M | $99.8M | $122M | $117M | β$23.7M | β$82.7M | $41.7M | $7.6M |
| Research and development | $5.7M | $9.6M | $20.7M | $31.5M | $66.9M | $62.3M | $39.5M | $28.1M | $23.2M |
| Operating income | β$28.6M | β$28.0M | β$0.5M | β$49.3M | β$175M | β$343M | β$342M | β$156M | β$334M |
| Interest expense | $1.0M | $1.1M | $3.1M | $2.6M | $3.6M | $4.0M | $4.0M | $4.1M | $14.0M |
| Pretax income | β$30.4M | β$29.9M | β$12.4M | β$52.7M | β$179M | β$347M | β$334M | β$160M | $219M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.1M | $0.1M | $0.0M | $0.0M | β$0.0M | $0.0M |
| Net income | β$30.4M | β$29.9M | β$12.4M | β$52.8M | β$182M | β$366M | β$338M | β$160M | $219M |
| Net income to common | β | β | β$12.4M | β$52.8M | β$182M | β$366M | β$338M | β$160M | $178M |
| Diluted EPS | β$5.57 | β$4.75 | β$0.29 | β$0.85 | β$2.88 | β$5.75 | β$5.26 | β$2.43 | β$1.83 |
| Diluted shares | 0.01B | 0.01B | 0.04B | 0.06B | 0.06B | 0.06B | 0.06B | 0.07B | 0.18B |
| Cash flow | |||||||||
| Cash from operations | β$25.3M | β$37.7M | β$47.0M | β$40.0M | β$301M | β$320M | β$108M | β$98.8M | β$145M |
| Capital expenditure | $7.9M | $22.2M | $23.8M | $57.7M | $136M | $70.5M | $10.6M | $11.0M | $12.3M |
| Free cash flow | β$33.2M | β$59.9M | β$70.8M | β$97.7M | β$437M | β$391M | β$118M | β$110M | β$157M |
| Depreciation and amortization | $3.2M | $4.9M | $8.1M | $13.3M | $21.7M | $32.6M | $48.1M | $23.1M | $32.8M |
| Stock-based compensation | $0.7M | $2.2M | $12.8M | $27.3M | $27.7M | $33.9M | $29.1M | $23.9M | $31.0M |
| Share buybacks | $0.0M | $0.5M | $0.0M | $0.0M | β | β | β | β | β |
| Dividends and buybacks | $0.0M | $0.5M | $0.0M | $0.0M | β | β | β | β | β |
| Balance sheet | |||||||||
| Cash and short-term investments | $39.0M | $54.3M | $276M | $159M | $733M | $310M | $191M | $132M | $204M |
| Total debt | β | $30.4M | $30.6M | $25.0M | $1.1B | $1.1B | $1.1B | $1.1B | $416M |
| Finance lease liabilities | β | β | β | $0.2M | $0.6M | $0.7M | $0.5M | $3.7M | $81.0M |
| Current assets | β | $103M | $404M | $332M | $1.1B | $606M | $373M | $286M | $341M |
| Current liabilities | β | $25.2M | $47.7M | $89.0M | $94.2M | $75.8M | $74.4M | $61.5M | $74.9M |
| Inventory | β | $30.3M | $81.6M | $122M | $242M | $236M | $130M | $113M | $84.0M |
| Property and equipment, net | β | $30.5M | $47.5M | $115M | β | β | β | β | β |
| Total assets | β | $134M | $452M | $468M | $1.4B | $1.1B | $774M | $678M | $615M |
| Total liabilities | β | $255M | $67.8M | $101M | $1.2B | $1.3B | $1.3B | $1.3B | $616M |
| Preferred stock | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$95.9M | β$122M | $384M | $367M | $132M | β$204M | β$513M | β$601M | β$1.0M |
| Margins | |||||||||
| Gross margin | β6.7% | 20.0% | 33.5% | 30.1% | 25.2% | β5.7% | β24.1% | 12.8% | 2.8% |
| Operating margin | β87.7% | β31.8% | β0.2% | β12.1% | β37.6% | β81.8% | β99.6% | β47.8% | β121.1% |
| EBITDA margin | β77.9% | β26.2% | 2.6% | β8.9% | β33.0% | β74.0% | β85.6% | β40.7% | β109.2% |
| Net margin | β93.3% | β34.0% | β4.2% | β13.0% | β39.2% | β87.4% | β98.5% | β49.1% | 79.5% |
| FCF margin | β101.8% | β68.2% | β23.8% | β24.0% | β94.1% | β93.3% | β34.5% | β33.6% | β57.1% |
| Returns | |||||||||
| Return on capital | β | β | β0.3% | β16.7% | β26.1% | β43.7% | β62.3% | β30.2% | β158.2% |
| Return on capital employed | β | β25.8% | β0.1% | β13.0% | β13.6% | β34.8% | β48.8% | β25.3% | β61.8% |
| Return on equity | β | β | β9.5% | β14.0% | β72.9% | β | β | β | β |
| Return on assets | β | β22.3% | β4.2% | β11.5% | β19.7% | β30.0% | β36.8% | β22.1% | 33.9% |
| Return on tangible equity | β | β | β3.2% | β14.4% | β137.4% | β | β | β | β |
| Growth | |||||||||
| Revenue growth | β | 169.9% | 238.8% | 36.6% | 14.2% | β9.8% | β18.0% | β4.9% | β15.6% |
| Share count change | β | 15.2% | 572.4% | 47.3% | 1.4% | 0.7% | 1.1% | 2.7% | 174.1% |
| Financial health | |||||||||
| Net debt / EBITDA | β | β | β32.2x | β | β | β | β | β | β |
| Debt / equity | β | β | 0.1x | 0.1x | 8.5x | β | β | β | β |
| Interest coverage | β28.5x | β24.8x | β0.2x | β19.2x | β48.0x | β86.4x | β86.4x | β38.1x | β23.8x |
| Current ratio | β | 4.1x | 8.5x | 3.7x | 11.2x | 8.0x | 5.0x | 4.7x | 4.6x |
| Quick ratio | β | 2.9x | 6.8x | 2.4x | 8.6x | 4.9x | 3.3x | 2.8x | 3.4x |
| Capital allocation | |||||||||
| Capex / revenue | 24.3% | 25.3% | 8.0% | 14.2% | 29.3% | 16.8% | 3.1% | 3.4% | 4.5% |
| Stock comp / revenue | 2.0% | 2.5% | 4.3% | 6.7% | 6.0% | 8.1% | 8.5% | 7.3% | 11.2% |
| Quality scores | |||||||||
| Piotroski F-score | β | β | 5.0 | 3.0 | 1.0 | 2.0 | 2.0 | 4.0 | 3.0 |
| Altman Z'' | β | β1.3 | 10.1 | 5.2 | 2.9 | β1.3 | β5.4 | β5.8 | β6.2 |
| Accruals ratio | β | 5.9% | 11.8% | β2.8% | 12.9% | β3.8% | β25.1% | β8.5% | 56.3% |
Source: SEC EDGAR XBRL filings (CIK 0001655210). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
