Beyond Meat, Inc(NASDAQ:BYND)

Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. It operates under the Beyond Meat, Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken, Beyond Fried Chicken, Beyond Meatball, the ...
Website: http://beyondmeat.com
Founded: 2009
IPO Price: $25 (May 02, 2019)
Full Time Employees: 472
CEO: Ethan Brown
Sector: Consumer Defensive
Industry: Packaged Foods
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At a glance:
- Persistent Profitability Challenges: Beyond Meat continues to struggle with achieving profitability, reporting significant net losses and negative free cash flow amidst declining sales and high operating costs.
- Navigating a Maturing & Competitive Market: As a pioneer in plant-based meat, Beyond Meat faces increasing competition from both established food companies and new startups, coupled with a slowdown in overall category growth and evolving consumer preferences.
- Declining Sales & Distribution Headwinds: The company has experienced a notable decline in sales across both retail and foodservice channels, indicating challenges in maintaining market share and expanding its customer base.
- Focus on Product Innovation & Cost Efficiency: Beyond Meat is emphasizing new product development and operational efficiencies to reignite growth and improve its financial standing, aiming to address taste, texture, and price points to attract a broader consumer base.
Bull Thesis:
- Innovation and Product Diversification: Beyond Meat continues to invest in R&D, launching new products like Beyond Steak and improving existing formulations. Successful innovation can reignite consumer interest, expand into new categories, and differentiate BYND from competitors, driving future revenue growth.
- Potential for Cost Reduction and Margin Improvement: As the company scales production and optimizes its supply chain, there's potential for significant cost reductions. Achieving greater operational efficiency and lower input costs could lead to improved gross margins and a clearer path to profitability, addressing a major investor concern.
- Strategic Partnerships and Distribution Expansion: Securing new or expanding existing partnerships with major quick-service restaurants (QSRs) or large retail chains, especially internationally, could provide substantial distribution leverage and sales volume. A breakthrough partnership could significantly boost brand visibility and revenue.
- Long-term Market Growth Potential: Despite current headwinds, the global plant-based meat market is projected to grow significantly over the next decade due to increasing health consciousness, environmental concerns, and ethical considerations. Beyond Meat, as a recognized brand, is well-positioned to capitalize on this long-term trend if it can navigate short-term challenges.
Bear Thesis:
- Persistent Sales Declines and Market Share Loss: Beyond Meat has consistently reported declining net revenues in recent quarters, indicating weakening consumer demand and/or loss of market share to competitors. This trend suggests fundamental challenges in product appeal, pricing, or competitive positioning that could continue to erode its top line.
- Negative Free Cash Flow and Liquidity Concerns: The company continues to burn through cash, reporting significant negative free cash flow. Without a clear path to profitability and positive cash generation, BYND may face increasing liquidity challenges, potentially requiring further dilutive capital raises or limiting its ability to invest in growth.
- Intense Competition and Pricing Pressure: The plant-based meat market is highly competitive, with numerous startups and established food giants (e.g., Tyson, Nestle, Kellogg's) entering the space. This intense competition leads to pricing pressure, making it difficult for Beyond Meat to maintain or expand margins, especially given its premium pricing strategy.
- Softening Consumer Demand and Category Headwinds: There are signs of a broader slowdown in the plant-based meat category, with some consumers expressing fatigue or dissatisfaction with existing products. Macroeconomic factors like inflation also impact consumer spending on premium alternatives, posing a significant headwind for Beyond Meat's growth prospects.
Main Competitors:
- Impossible Foods Inc. (Impossible Burger, Impossible Sausage, Impossible Chicken Nuggets), Directly competes with Beyond Meat for market share in the plant-based meat sector, offering similar products like burgers, sausages, and chicken alternatives. They differentiate through their heme ingredient, which aims to replicate the taste and texture of meat more closely, and compete for retail shelf space, restaurant partnerships, and consumer preference.
- Lightlife Foods (Maple Leaf Foods Inc.) ($MFI) (Lightlife Burger, Lightlife Sausage, Lightlife Ground), A long-standing brand in the plant-based protein market, Lightlife offers a range of burgers, sausages, and ground meat alternatives. They compete by leveraging Maple Leaf Foods' extensive distribution network and brand recognition, focusing on clean ingredients and taste to attract health-conscious consumers.
- Gardein (Conagra Brands, Inc.) ($CAG) (Gardein Ultimate Burger, Gardein Crispy F'sh Filets, Gardein Meatless Meatballs), Gardein is a well-established brand in the frozen plant-based food category, offering a wide variety of meat alternatives beyond just burgers, including chicken, fish, and beef substitutes. They compete by offering a broad product portfolio and leveraging Conagra's vast distribution and marketing capabilities to reach a diverse consumer base.
- Tyson Foods, Inc. (Raised & Rooted) ($TSN) (Raised & Rooted Plant-Based Nuggets, Raised & Rooted Plant-Based Burgers), As one of the world's largest meat producers, Tyson Foods competes by entering the plant-based market with its 'Raised & Rooted' brand. They leverage their existing supply chain, distribution networks, and brand trust to offer plant-based alternatives, appealing to consumers looking for familiar brands in the evolving protein landscape.
Moat:
Beyond Meat's primary moat lies in its strong brand recognition, early-mover advantage in the modern plant-based meat category, and significant investment in R&D to replicate the sensory experience of animal meat using pea protein. However, the competitive landscape is intensely fierce. Direct plant-based rivals like Impossible Foods constantly innovate on taste and ingredients (e.g., heme), while established food giants such as Conagra (Gardein) and Maple Leaf Foods (Lightlife) leverage their extensive distribution and marketing power. Furthermore, traditional meat companies like Tyson Foods (Raised & Rooted) are entering the market, utilizing their existing supply chains and brand trust. Competition is driven by taste, texture, nutritional profiles, ingredient sourcing, price point, and securing partnerships with major food service and retail channels.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-28 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-31 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2021-12-31 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2020-12-31 | 2020-09-26 | 2020-06-27 | 2020-03-28 | 2019-12-31 | 2019-09-28 | 2019-06-29 | 2019-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenues | 58,206,000 | 61,589,000 | 70,218,000 | 74,958,000 | 68,731,000 | 76,658,000 | 81,006,000 | 93,185,000 | 75,603,000 | 73,679,000 | 75,312,000 | 102,149,000 | 92,236,000 | 79,938,000 | 82,500,000 | 147,040,000 | 109,455,000 | 100,678,000 | 106,432,000 | 149,426,000 | 108,164,000 | 101,937,000 | 94,436,000 | 113,338,000 | 97,074,000 | 98,479,000 | 91,961,000 | 67,251,000 | 40,206,000 |
yoy | -15.31% | -19.66% | -13.32% | -19.56% | -9.09% | 4.04% | 7.56% | -8.78% | -18.03% | -7.83% | -8.71% | -30.53% | -15.73% | -20.60% | -22.49% | -1.60% | 1.19% | -1.24% | 12.70% | 31.84% | 11.42% | 3.51% | 2.69% | 68.53% | 141.44% | ||||
qoq | -5.49% | -12.29% | -6.32% | 9.06% | -10.34% | -5.37% | -13.07% | 23.26% | 2.61% | -2.17% | -26.27% | 10.75% | 15.38% | -3.11% | -43.89% | 34.34% | 8.72% | -5.41% | -28.77% | 38.15% | 6.11% | 7.94% | -16.68% | 16.75% | -1.43% | 7.09% | 36.74% | 67.27% | |
cost of goods sold | 56,221,000 | 68,699,000 | 62,988,000 | 66,367,000 | 69,796,000 | 66,652,000 | 66,698,000 | 79,468,000 | 71,935,000 | 157,538,000 | 82,566,000 | 99,876,000 | 86,051,000 | 82,869,000 | 97,340,000 | 153,202,000 | 109,265,000 | 86,433,000 | 83,456,000 | 102,074,000 | 75,456,000 | 76,532,000 | 68,908,000 | 79,687,000 | 59,383,000 | 65,018,000 | 59,178,000 | 44,510,000 | 29,435,000 |
gross profit | 1,985,000 | -7,110,000 | 7,230,000 | 8,591,000 | -1,065,000 | 10,006,000 | 14,308,000 | 13,717,000 | 3,668,000 | -83,859,000 | -7,254,000 | 2,273,000 | 6,185,000 | -2,931,000 | -14,840,000 | -6,162,000 | 190,000 | 14,245,000 | 22,976,000 | 47,352,000 | 32,708,000 | 25,405,000 | 25,528,000 | 33,651,000 | 37,691,000 | 33,461,000 | 32,783,000 | 22,741,000 | 10,771,000 |
yoy | -286.38% | -171.06% | -49.47% | -37.37% | -129.03% | -111.93% | -297.24% | 503.48% | -40.70% | 2761.11% | -51.12% | -136.89% | 3155.26% | -120.58% | -164.59% | -113.01% | -99.42% | -43.93% | -10.00% | 40.71% | -13.22% | -24.08% | -22.13% | 47.98% | 249.93% | ||||
qoq | -127.92% | -198.34% | -15.84% | -906.67% | -110.64% | -30.07% | 4.31% | 273.96% | -104.37% | 1056.04% | -419.14% | -63.25% | -311.02% | -80.25% | 140.83% | -3343.16% | -98.67% | -38.00% | -51.48% | 44.77% | 28.75% | -0.48% | -24.14% | -10.72% | 12.64% | 2.07% | 44.16% | 111.13% | |
gross margin % | 3.41% | -11.54% | 10.30% | 11.46% | -1.55% | 13.05% | 17.66% | 14.72% | 4.85% | -113.82% | -9.63% | 2.23% | 6.71% | -3.67% | -17.99% | -4.19% | 0.17% | 14.15% | 21.59% | 31.69% | 30.24% | 24.92% | 27.03% | 29.69% | 38.83% | 33.98% | 35.65% | 33.82% | 26.79% |
research and development expenses | 5,220,000 | 5,049,000 | 4,917,000 | 5,807,000 | 7,462,000 | 6,671,000 | 6,133,000 | 5,485,000 | 9,860,000 | 9,207,000 | 9,118,000 | 8,773,000 | 12,432,000 | 12,971,000 | 13,413,000 | 16,202,000 | 19,678,000 | 22,336,000 | 14,862,000 | 13,823,000 | 15,925,000 | 11,047,000 | 8,278,000 | 6,016,000 | 6,194,000 | 5,989,000 | 5,951,000 | 4,212,000 | 4,498,000 |
selling, general and administrative expenses | 37,869,000 | 95,159,000 | 37,230,000 | 37,696,000 | 47,672,000 | 41,145,000 | 39,084,000 | 42,163,000 | 47,282,000 | 67,737,000 | 53,252,000 | 47,455,000 | 51,900,000 | 46,881,000 | 54,495,000 | 63,015,000 | 75,114,000 | 65,872,000 | 56,362,000 | 48,286,000 | 38,954,000 | 38,488,000 | 33,560,000 | 34,292,000 | 27,315,000 | 27,090,000 | 20,944,000 | 15,515,000 | 11,177,000 |
total operating expenses | 43,089,000 | 123,069,000 | 119,561,000 | 43,503,000 | 55,134,000 | 47,816,000 | 45,217,000 | 47,648,000 | 57,142,000 | 76,944,000 | 62,366,000 | 56,027,000 | 63,906,000 | 62,790,000 | 74,901,000 | 83,519,000 | 97,818,000 | 91,934,000 | 76,974,000 | 65,953,000 | 57,353,000 | 49,937,000 | 43,984,000 | 41,817,000 | 35,882,000 | 34,388,000 | 29,214,000 | 20,574,000 | 16,069,000 |
income from operations | -41,104,000 | -130,179,000 | -112,331,000 | -34,912,000 | -56,199,000 | -37,810,000 | -30,909,000 | -33,931,000 | -53,474,000 | -160,803,000 | -69,620,000 | -53,754,000 | -57,721,000 | -65,721,000 | -89,741,000 | -89,681,000 | -97,628,000 | -77,689,000 | -53,998,000 | -18,601,000 | -24,645,000 | -24,532,000 | -18,456,000 | -8,166,000 | 1,809,000 | -927,000 | 3,569,000 | 2,167,000 | -5,298,000 |
yoy | -26.86% | 244.30% | 263.42% | 2.89% | 5.10% | -76.49% | -55.60% | -36.88% | -7.36% | 144.68% | -22.42% | -40.06% | -40.88% | -15.41% | 66.19% | 382.13% | 296.14% | 216.68% | 192.58% | 127.79% | -1462.35% | 2546.39% | -617.12% | -476.83% | -134.14% | ||||
qoq | -68.43% | 15.89% | 221.75% | -37.88% | 48.64% | 22.33% | -8.91% | -36.55% | -66.75% | 130.97% | 29.52% | -6.87% | -12.17% | -26.77% | 0.07% | -8.14% | 25.67% | 43.87% | 190.30% | -24.52% | 0.46% | 32.92% | 126.01% | -551.41% | -295.15% | -125.97% | 64.70% | -140.90% | |
operating margin % | -70.62% | -211.37% | -159.97% | -46.58% | -81.77% | -49.32% | -38.16% | -36.41% | -70.73% | -218.25% | -92.44% | -52.62% | -62.58% | -82.21% | -108.78% | -60.99% | -89.19% | -77.17% | -50.73% | -12.45% | -22.78% | -24.07% | -19.54% | -7.20% | 1.86% | -0.94% | 3.88% | 3.22% | -13.18% |
other income, net: | |||||||||||||||||||||||||||||
interest expense | -6,732,000 | -6,584,000 | -4,418,000 | -2,002,000 | -1,024,000 | -1,025,000 | -1,028,000 | -1,029,000 | -1,015,000 | -988,000 | -989,000 | -989,000 | -989,000 | -793,000 | -1,040,000 | -1,108,000 | -1,025,000 | -992,000 | -1,005,000 | -1,022,000 | -629,000 | -613,000 | -689,000 | -569,000 | -705,000 | -742,000 | -855,000 | -741,000 | -733,000 |
remeasurement of warrant liability | 1,300,000 | 9,759,000 | 5,318,000 | -11,744,000 | |||||||||||||||||||||||||
remeasurement of derivative liability | 11,891,000 | ||||||||||||||||||||||||||||
gain on debt extinguishment | 6,060,000 | ||||||||||||||||||||||||||||
other | 119,000 | 2,512,000 | 750,000 | 7,731,000 | 4,318,000 | -6,015,000 | 5,405,000 | 477,000 | 123,000 | 6,719,000 | 243,000 | 1,746,000 | 2,908,000 | 7,757,000 | -2,151,000 | -4,902,000 | -1,124,000 | 144,000 | 759,000 | 180,000 | -1,570,000 | 70,000 | -85,000 | -1,454,000 | 710,000 | -618,000 | |||
total other income | 12,638,000 | 542,050,000 | 1,650,000 | 5,729,000 | 3,294,000 | -7,040,000 | 4,377,000 | -552,000 | -892,000 | 5,731,000 | -746,000 | 757,000 | 1,919,000 | -2,199,000 | -698,000 | -774,000 | 5,000 | -3,102,000 | 530,000 | ||||||||||
loss before taxes | -28,466,000 | -48,192,250 | -110,681,000 | -29,183,000 | -52,905,000 | -44,850,000 | -26,532,000 | -34,483,000 | -54,366,000 | -155,072,000 | -70,366,000 | -52,997,000 | -55,802,000 | -58,757,000 | -92,932,000 | -95,691,000 | -99,777,000 | -78,537,000 | -54,244,000 | -19,443,000 | -10,189,000 | -9,420,000 | -6,649,000 | ||||||
income tax expense | 6,000 | -34,000 | 2,000 | 5,000 | 11,000 | 11,000 | 10,000 | 33,000 | -23,000 | 2,000 | 48,000 | 2,000 | 55,000 | 16,000 | -12,000 | 21,000 | |||||||||||||
equity in losses of unconsolidated joint venture | 16,000 | 1,000 | 7,000 | 59,000 | 12,000 | 38,000 | 30,000 | -7,000 | 38,000 | 126,000 | 503,000 | 3,235,000 | 8,099,000 | 8,746,000 | 1,432,000 | 671,000 | 1,801,000 | 595,000 | 207,000 | 374,000 | |||||||||
net income | -28,482,000 | 411,870,000 | -110,688,000 | -29,242,000 | -52,916,000 | -44,862,000 | -26,576,000 | -34,479,000 | -54,361,000 | -155,110,000 | -70,492,000 | -53,505,000 | -59,037,000 | -66,867,000 | -101,678,000 | -97,134,000 | -100,458,000 | -80,371,000 | -54,816,000 | -19,652,000 | -27,266,000 | -25,077,000 | -19,285,000 | -10,205,000 | 1,815,000 | -452,000 | 4,099,000 | -9,441,000 | -6,649,000 |
yoy | -46.18% | -1018.08% | 316.50% | -15.19% | -2.66% | -71.08% | -62.30% | -35.56% | -7.92% | 131.97% | -30.67% | -44.92% | -41.23% | -16.80% | 85.49% | 394.27% | 268.44% | 220.50% | 184.24% | 92.57% | -1602.26% | 5448.01% | -570.48% | 8.09% | -127.30% | ||||
qoq | -106.92% | -472.10% | 278.52% | -44.74% | 17.95% | 68.81% | -22.92% | -36.57% | -64.95% | 120.04% | 31.75% | -9.37% | -11.71% | -34.24% | 4.68% | -3.31% | 24.99% | 46.62% | 178.93% | -27.92% | 8.73% | 30.03% | 88.98% | -662.26% | -501.55% | -111.03% | -143.42% | 41.99% | |
net income margin % | -48.93% | 668.74% | -157.63% | -39.01% | -76.99% | -58.52% | -32.81% | -37.00% | -71.90% | -210.52% | -93.60% | -52.38% | -64.01% | -83.65% | -123.25% | -66.06% | -91.78% | -79.83% | -51.50% | -13.15% | -25.21% | -24.60% | -20.42% | -9.00% | 1.87% | -0.46% | 4.46% | -14.04% | -16.54% |
net income per share | -0.06 | 3.67 | -1.44 | -0.38 | -0.69 | -0.65 | -0.41 | -0.53 | -0.84 | -2.41 | -1.09 | -0.83 | -0.92 | -1.04 | -1.6 | -1.53 | -1.58 | -1.27 | -0.87 | -0.31 | -0.43 | -0.4 | -0.31 | -0.16 | 0.03 | 0.04 | 0.07 | ||
weighted-average common shares outstanding—basic and diluted | 455,272,616 | 76,670,868 | 76,491,594 | 76,194,916 | 66,004,815 | 65,060,729 | 64,901,584 | 64,702,249 | 64,300,099 | 64,398,448 | 64,246,048 | 64,004,894 | 63,622,432 | 63,694,592 | 63,573,658 | 63,465,205 | 63,172,368 | 63,280,122 | 63,121,400 | 62,290,445 | 62,098,861 | 42,274,777 | 39,081,359,000 | 6,974,301,000 | |||||
loss from impairment of long-lived assets | -26,126,000 | 77,414,000 | |||||||||||||||||||||||||||
income tax benefit | -1,000 | ||||||||||||||||||||||||||||
equity in losses (income) of unconsolidated joint venture | 11,000 | ||||||||||||||||||||||||||||
restructuring expenses | -4,000 | -201,000 | -426,000 | 2,938,000 | 6,993,000 | 4,302,000 | 3,026,000 | 3,726,000 | 5,750,000 | 3,844,000 | 2,474,000 | 402,000 | 2,146,000 | 1,509,000 | 2,373,000 | 1,309,000 | 2,319,000 | 847,000 | 394,000 | ||||||||||
other income | 606,000 | 1,385,000 | 898,000 | ||||||||||||||||||||||||||
total other expense | 6,964,000 | -3,191,000 | -6,010,000 | -2,149,000 | -848,000 | -246,000 | -842,000 | -2,023,000 | -11,587,000 | -1,351,000 | |||||||||||||||||||
income before taxes | -26,844,000 | -6,901,250 | -19,230,000 | 1,814,000 | -2,992,500 | 4,099,000 | |||||||||||||||||||||||
weighted-average common shares outstanding—basic | 155,266,711 | 62,941,748 | 62,487,152 | 61,679,929 | 60,415,866 | ||||||||||||||||||||||||
weighted-average common shares outstanding—diluted | 180,919,958 | 62,941,748 | 62,487,152 | 65,927,988 | 66,026,490 | ||||||||||||||||||||||||
other expense, net: | |||||||||||||||||||||||||||||
net loss per common share—basic and diluted | -240 | -950 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-28 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-31 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2021-12-31 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2020-12-31 | 2020-09-26 | 2020-06-27 | 2020-03-28 | 2019-12-31 | 2019-09-28 | 2019-06-29 | 2019-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||
cash and cash equivalents | 191,005,000 | 203,890,000 | 117,296,000 | 103,497,000 | 102,143,000 | 131,913,000 | 121,732,000 | 144,873,000 | 157,913,000 | 190,505,000 | 217,545,000 | 210,781,000 | 258,566,000 | 309,922,000 | 390,176,000 | 454,674,000 | 547,858,000 | 733,294,000 | 886,442,000 | 1,009,337,000 | 1,125,017,000 | 159,127,000 | 214,615,000 | 222,334,000 | 246,410,000 | 275,988,000 | 312,451,000 | 276,987,000 | 35,409,000 |
restricted cash, current | 4,350,000 | 4,350,000 | 1,170,000 | 1,172,000 | 1,083,000 | 1,041,000 | 558,000 | 536,000 | 2,971,000 | 2,830,000 | 2,689,000 | 2,552,000 | 2,426,000 | ||||||||||||||||
accounts receivable | 25,931,000 | 26,060,000 | 27,920,000 | 37,338,000 | 33,267,000 | 26,862,000 | 34,674,000 | 34,463,000 | 35,648,000 | 31,730,000 | 35,763,000 | 50,821,000 | 42,395,000 | 34,198,000 | 34,949,000 | 77,154,000 | 52,675,000 | 43,806,000 | 48,849,000 | 63,369,000 | 36,653,000 | 35,975,000 | 29,760,000 | 45,986,000 | 36,333,000 | 40,080,000 | 34,482,000 | 34,388,000 | 16,194,000 |
inventory | 68,891,000 | 84,032,000 | 110,294,000 | 110,868,000 | 100,068,000 | 113,444,000 | 125,158,000 | 119,532,000 | 122,538,000 | 130,336,000 | 194,570,000 | 207,138,000 | 222,370,000 | 235,696,000 | 246,987,000 | 254,653,000 | 283,754,000 | 241,870,000 | 193,490,000 | 165,746,000 | 145,524,000 | 121,717,000 | 132,359,000 | 143,033,000 | 120,702,000 | 81,596,000 | 60,270,000 | 42,695,000 | 34,281,000 |
prepaid expenses and other current assets | 11,233,000 | 13,758,000 | 31,048,000 | 42,596,000 | 19,135,000 | 11,332,000 | 13,016,000 | 15,538,000 | 15,032,000 | 12,904,000 | 20,938,000 | 26,051,000 | 16,561,000 | 20,700,000 | 23,868,000 | 33,029,000 | 33,010,000 | 33,078,000 | 24,341,000 | 25,630,000 | 17,788,000 | 15,407,000 | 14,195,000 | 17,990,000 | 12,498,000 | 5,930,000 | 11,742,000 | 7,726,000 | 6,525,000 |
assets held for sale | 9,605,000 | 9,394,000 | 910,000 | 1,664,000 | 1,576,000 | 1,864,000 | 2,275,000 | 2,323,000 | 2,401,000 | 4,539,000 | 118,000 | 98,000 | 4,737,000 | 5,943,000 | |||||||||||||||
total current assets | 311,015,000 | 341,484,000 | 288,638,000 | 297,135,000 | 257,272,000 | 286,456,000 | 297,413,000 | 317,265,000 | 336,503,000 | 372,844,000 | 471,623,000 | 497,441,000 | 547,055,000 | 606,459,000 | 695,980,000 | 819,510,000 | 917,297,000 | 1,052,048,000 | 1,153,122,000 | 1,264,082,000 | 1,324,982,000 | 332,226,000 | 390,929,000 | 429,343,000 | 415,943,000 | 403,594,000 | 418,945,000 | 361,796,000 | 92,409,000 |
restricted cash, non-current | 10,401,000 | 9,291,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | 12,600,000 | ||||||||||||||||
property, plant and equipment | 207,453,000 | 254,387,000 | 320,988,000 | 180,781,000 | 190,896,000 | ||||||||||||||||||||||||
operating lease right-of-use assets | 5,173,000 | 5,661,000 | 5,218,000 | 6,527,000 | 121,131,000 | 123,975,000 | 126,092,000 | 127,679,000 | 129,379,000 | 130,460,000 | 132,671,000 | 136,264,000 | 75,056,000 | 87,595,000 | 88,335,000 | 25,464,000 | 25,692,000 | 26,815,000 | 25,444,000 | 14,672,000 | 13,938,000 | 14,570,000 | 13,736,000 | 13,793,000 | 12,431,000 | ||||
prepaid lease costs, non-current | 41,156,000 | 40,931,000 | 35,704,000 | 52,272,000 | 69,814,000 | 68,005,000 | 66,444,000 | 64,822,000 | 63,264,000 | 61,635,000 | 60,680,000 | 60,794,000 | 88,035,000 | 85,472,000 | 80,533,000 | 102,839,000 | 96,166,000 | 59,188,000 | 49,456,000 | 26,578,000 | |||||||||
other non-current assets | 2,759,000 | 2,595,000 | 1,599,000 | 688,000 | 643,000 | 622,000 | 662,000 | 634,000 | 704,000 | 1,192,000 | 4,550,000 | 9,314,000 | 10,273,000 | 10,744,000 | 6,670,000 | 6,301,000 | 6,613,000 | 6,836,000 | 7,062,000 | 3,739,000 | 4,505,000 | 5,911,000 | 4,970,000 | 4,552,000 | 1,501,000 | 855,000 | 846,000 | 792,000 | 887,000 |
investment in unconsolidated joint venture | 1,507,000 | 1,523,000 | 1,523,000 | 1,531,000 | 1,589,000 | 1,601,000 | 1,612,000 | 1,650,000 | 1,680,000 | 1,673,000 | 1,711,000 | 1,837,000 | 2,340,000 | 2,325,000 | 7,174,000 | 5,920,000 | 7,353,000 | 8,023,000 | |||||||||||
total assets | 579,464,000 | 614,747,000 | 599,669,000 | 691,741,000 | 643,830,000 | 678,146,000 | 692,938,000 | 711,234,000 | 735,026,000 | 774,450,000 | 929,208,000 | 968,585,000 | 986,577,000 | 1,062,224,000 | 1,141,287,000 | 1,218,109,000 | 1,294,510,000 | 1,379,399,000 | 1,432,374,000 | 1,466,520,000 | 1,475,519,000 | 468,006,000 | 486,637,000 | 517,974,000 | 491,633,000 | 451,923,000 | 454,841,000 | 397,061,000 | 125,157,000 |
liabilities and stockholders’ deficit: | |||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||
accounts payable | 22,585,000 | 20,525,000 | 46,091,000 | 68,837,000 | 50,512,000 | 37,571,000 | 59,633,000 | 59,449,000 | 55,836,000 | 56,032,000 | 61,861,000 | 39,508,000 | 41,131,000 | 55,300,000 | 68,676,000 | 74,430,000 | 67,387,000 | 69,040,000 | 45,387,000 | 49,951,000 | 51,456,000 | 53,071,000 | 30,531,000 | 51,567,000 | 48,219,000 | 26,923,000 | 38,348,000 | 27,383,000 | 11,663,000 |
2027 notes | 29,459,000 | 29,459,000 | 1,144,427,000 | ||||||||||||||||||||||||||
current portion of operating lease liabilities | 2,124,000 | 2,132,000 | 1,753,000 | 1,798,000 | 3,941,000 | 4,125,000 | 4,103,000 | 4,125,000 | 3,976,000 | 3,677,000 | 3,083,000 | 3,127,000 | 2,960,000 | 3,812,000 | 4,585,000 | 4,595,000 | 4,454,000 | 4,458,000 | 3,962,000 | 3,651,000 | 3,101,000 | 3,095,000 | 2,481,000 | 2,367,000 | 1,628,000 | ||||
accrued expenses and other current liabilities | 11,706,000 | 8,975,000 | 11,244,000 | 15,618,000 | 14,199,000 | 11,925,000 | 15,260,000 | 12,051,000 | 10,665,000 | 9,855,000 | 13,914,000 | 12,009,000 | 15,826,000 | 16,729,000 | 14,693,000 | 22,975,000 | 22,807,000 | 20,226,000 | 19,091,000 | 14,369,000 | 11,903,000 | 4,830,000 | 10,241,000 | 8,829,000 | 5,297,000 | 3,805,000 | 4,113,000 | 3,622,000 | 3,094,000 |
accrued litigation expenses | 38,900,000 | 38,900,000 | |||||||||||||||||||||||||||
short-term finance lease liabilities | 4,245,000 | 4,385,000 | 4,554,000 | 3,934,000 | 226,000 | 210,000 | 183,000 | 182,000 | 183,000 | 184,000 | 185,000 | 71,000 | |||||||||||||||||
total current liabilities | 109,019,000 | 74,917,000 | 63,642,000 | 90,187,000 | 75,902,000 | 61,453,000 | 86,591,000 | 83,518,000 | 78,799,000 | 74,354,000 | 78,858,000 | 54,644,000 | 59,917,000 | 75,841,000 | 90,676,000 | 109,527,000 | 100,991,000 | 94,189,000 | 74,292,000 | 71,499,000 | 73,109,000 | 88,967,000 | 45,657,000 | 66,275,000 | 71,983,000 | 47,697,000 | 56,192,000 | 40,403,000 | 21,942,000 |
long-term liabilities: | |||||||||||||||||||||||||||||
2030 notes | 300,503,000 | 308,404,000 | |||||||||||||||||||||||||||
delayed draw term loans | 81,675,000 | 77,877,000 | 77,734,000 | ||||||||||||||||||||||||||
delayed draw term loan warrants at fair value | 3,766,000 | 5,066,000 | |||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 3,526,000 | 4,059,000 | 4,023,000 | 4,441,000 | 72,147,000 | 73,613,000 | 74,506,000 | 74,884,000 | 75,490,000 | 75,648,000 | 76,382,000 | 77,122,000 | 44,787,000 | 55,854,000 | 56,484,000 | 21,143,000 | 21,485,000 | 22,599,000 | 21,799,000 | 11,300,000 | 11,061,000 | 11,793,000 | 11,413,000 | 11,604,000 | 10,935,000 | ||||
finance lease liabilities | 75,699,000 | 76,590,000 | |||||||||||||||||||||||||||
2030 notes embedded derivative liability at fair value | 26,137,000 | ||||||||||||||||||||||||||||
other long-term liabilities | 222,000 | 220,000 | |||||||||||||||||||||||||||
total long-term liabilities | 491,528,000 | 540,827,000 | 1,320,092,000 | 1,278,577,000 | 1,217,459,000 | 1,217,901,000 | 1,218,271,000 | 1,217,741,000 | 1,217,638,000 | 1,213,464,000 | 1,213,256,000 | 1,213,059,000 | 1,179,794,000 | 1,189,931,000 | 1,192,655,000 | 1,156,523,000 | 1,152,538,000 | 1,152,715,000 | 1,150,977,000 | 1,139,540,000 | 1,138,363,000 | 11,942,000 | 61,580,000 | 61,789,000 | 27,669,000 | 20,136,000 | 21,821,000 | 24,873,000 | 30,853,000 |
property, plant, and equipment | 213,262,000 | 184,887,000 | 188,115,000 | 186,584,000 | 194,046,000 | 245,373,000 | 250,335,000 | 251,218,000 | 257,002,000 | 262,595,000 | 258,075,000 | 241,389,000 | 226,489,000 | 197,290,000 | 157,449,000 | 132,094,000 | 115,299,000 | 77,002,000 | 70,286,000 | 61,758,000 | 47,474,000 | 35,050,000 | 34,473,000 | 31,861,000 | |||||
accrued litigation settlement | 7,250,000 | 7,250,000 | |||||||||||||||||||||||||||
2030 embedded derivative liability at fair value | 39,152,000 | ||||||||||||||||||||||||||||
delayed draw term loan warrants | 14,825,000 | 20,143,000 | |||||||||||||||||||||||||||
finance lease obligations and other long-term liabilities | 79,083,000 | 80,025,000 | 3,273,000 | 3,348,000 | 3,623,000 | 316,000 | 362,000 | 416,000 | 3,547,000 | 3,739,000 | 488,000 | 533,000 | 167,000 | 185,000 | 202,000 | ||||||||||||||
convertible senior notes | 1,143,443,000 | 1,142,459,000 | 1,141,476,000 | 1,140,492,000 | 1,139,509,000 | 1,138,525,000 | 1,137,542,000 | 1,136,558,000 | 1,135,575,000 | 1,134,591,000 | 1,133,608,000 | 1,132,624,000 | 1,131,641,000 | 1,130,657,000 | 1,129,674,000 | 1,128,690,000 | 1,127,707,000 | 1,126,723,000 | |||||||||||
delayed draw term loan | 30,525,000 | ||||||||||||||||||||||||||||
finance lease obligations and other long term liabilities | 2,853,000 | 2,812,000 | 274,000 | 469,000 | 396,000 | 442,000 | 579,000 | 149,000 | |||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||
accrued bonus | 582,000 | 345,000 | 393,000 | 822,000 | 4,790,000 | 148,000 | 4,333,000 | 2,754,000 | 128,000 | 1,400,000 | 2,696,000 | 2,565,000 | 57,000 | 43,000 | 1,416,000 | 723,000 | 4,129,000 | 3,181,000 | 2,157,000 | 3,387,000 | |||||||||
stockholders’ deficit: | |||||||||||||||||||||||||||||
preferred stock, par value 0.0001... | |||||||||||||||||||||||||||||
common stock, par value 0.0001... | 8,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |||||||||||||||||||||
additional paid-in capital | 644,004,000 | 573,128,000 | 561,484,000 | 553,805,000 | 544,357,000 | 510,014,000 | 560,210,000 | 532,275,000 | |||||||||||||||||||||
accumulated deficit | -1,241,531,000 | -1,081,253,000 | -855,651,000 | -802,146,000 | -743,109,000 | -376,972,000 | -194,867,000 | -140,300,000 | |||||||||||||||||||||
accumulated other comprehensive loss | -3,689,000 | -5,249,000 | -4,957,000 | -4,799,000 | -4,802,000 | ||||||||||||||||||||||||
total stockholders’ deficit | -601,208,000 | -513,368,000 | -299,118,000 | -253,134,000 | |||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 678,146,000 | 774,450,000 | |||||||||||||||||||||||||||
accrued litigation settlement costs | 7,250,000 | 7,500,000 | 7,500,000 | ||||||||||||||||||||||||||
liabilities and stockholders’ (deficit) equity: | |||||||||||||||||||||||||||||
beyond meat, inc. and subsidiaries | |||||||||||||||||||||||||||||
condensed consolidated balance sheets | |||||||||||||||||||||||||||||
stockholders’ (deficit) equity: | |||||||||||||||||||||||||||||
total liabilities and stockholders’ (deficit) equity | 968,585,000 | 986,577,000 | 1,062,224,000 | ||||||||||||||||||||||||||
restricted cash | 12,627,000 | ||||||||||||||||||||||||||||
total stockholders’ (deficit) equity | -203,548,000 | ||||||||||||||||||||||||||||
wages payable | 2,348,000 | 2,984,000 | 3,406,000 | 155,000 | 4,269,000 | 648,000 | 3,899,000 | 2,843,000 | 2,289,000 | 2,024,000 | 1,949,000 | 1,768,000 | 1,433,000 | 1,208,000 | 1,085,000 | ||||||||||||||
liabilities and stockholders’ equity: | |||||||||||||||||||||||||||||
short-term borrowings under revolving credit facility | 25,000,000 | ||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||
accumulated other comprehensive income | -553,000 | 1,748,000 | |||||||||||||||||||||||||||
total stockholders’ equity | 132,495,000 | 367,097,000 | 391,981,000 | ||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,379,399,000 | 468,006,000 | 491,633,000 | ||||||||||||||||||||||||||
short-term borrowings under revolving credit line and bank term loan | 14,094,000 | 11,000,000 | 9,087,000 | ||||||||||||||||||||||||||
long-term portion of bank term loan | 12,185,000 | 14,637,000 | 16,503,000 | 19,543,000 | 19,533,000 | ||||||||||||||||||||||||
equipment loan | 4,347,000 | 4,932,000 | 4,922,000 | 4,924,000 | 4,914,000 | ||||||||||||||||||||||||
short-term borrowings under revolving credit facility and bank term loan | |||||||||||||||||||||||||||||
current portion of finance lease liabilities | 72,000 | 72,000 | 73,000 | ||||||||||||||||||||||||||
revolving credit facility | 50,000,000 | 50,000,000 | |||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||||
short-term capital lease liabilities | 72,000 | 30,000 | 33,000 | 36,000 | |||||||||||||||||||||||||
stock warrant liability | 2,677,000 | ||||||||||||||||||||||||||||
revolving credit line | 6,000,000 | ||||||||||||||||||||||||||||
capital lease obligations and other long-term liabilities | 567,000 | 396,000 | 406,000 | 406,000 | |||||||||||||||||||||||||
short-term borrowings under revolving credit line | 6,000,000 | ||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ deficit: |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-28 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-31 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2021-12-31 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2020-12-31 | 2020-09-26 | 2020-06-27 | 2020-03-28 | 2019-12-31 | 2019-09-28 | 2019-06-29 | 2019-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||
net loss | -28,482,000 | -110,688,000 | -29,242,000 | -52,916,000 | -44,862,000 | -26,576,000 | -34,479,000 | -54,361,000 | -155,110,000 | -70,492,000 | -53,505,000 | -59,037,000 | -66,867,000 | -101,678,000 | -97,134,000 | -100,458,000 | -80,371,000 | -54,816,000 | -25,077,000 | -19,285,000 | -452,000 | 4,099,000 | -9,441,000 | -6,649,000 | |||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||
depreciation and amortization | 6,822,000 | 7,730,000 | 9,361,000 | 8,266,000 | 7,416,000 | 5,657,000 | 5,282,000 | 5,213,000 | 6,969,000 | 30,387,000 | 5,779,000 | 5,879,000 | 6,049,000 | 9,327,000 | 8,435,000 | 7,729,000 | 7,091,000 | 6,753,000 | 5,703,000 | 4,881,000 | 4,326,000 | 4,023,000 | 3,421,000 | 3,272,000 | 2,583,000 | 2,126,000 | 2,023,000 | 2,052,000 | 1,905,000 |
non-cash lease expense | 491,000 | 629,000 | 442,000 | 810,000 | 2,079,000 | 2,081,000 | 2,068,000 | 2,056,000 | 2,074,000 | 2,143,000 | 2,384,000 | 1,830,000 | 1,783,000 | 1,778,000 | 1,298,000 | 973,000 | 1,118,000 | 1,067,000 | 771,000 | 856,000 | 724,000 | 768,000 | 380,000 | 748,000 | 445,000 | ||||
share-based compensation expense | 6,521,000 | 17,066,000 | 3,767,000 | 4,304,000 | 5,853,000 | 6,170,000 | 5,905,000 | 5,773,000 | 6,075,000 | 5,307,000 | 6,478,000 | 7,748,000 | 9,565,000 | 5,009,000 | 9,250,000 | 10,306,000 | 9,292,000 | 6,074,000 | 6,385,000 | 7,863,000 | 7,376,000 | 6,902,000 | 6,842,000 | 7,586,000 | 5,949,000 | 7,000,000 | 3,129,000 | 1,823,000 | 855,000 |
amortization of debt issuance costs and debt discount | 1,958,000 | ||||||||||||||||||||||||||||
loss on sale of fixed assets | 30,000 | 130,000 | 72,000 | -103,000 | 3,907,000 | -460,000 | 546,000 | 85,000 | 315,000 | 0 | 88,000 | 108,000 | 3,000 | 4,000 | 35,000 | ||||||||||||||
equity in losses of unconsolidated joint venture | 16,000 | 1,000 | 7,000 | 12,000 | 38,000 | 30,000 | -7,000 | 38,000 | 126,000 | 503,000 | 3,235,000 | 8,099,000 | 8,746,000 | 1,432,000 | 671,000 | 1,801,000 | 595,000 | 207,000 | 374,000 | ||||||||||
change in common stock warrant liability | -1,300,000 | -9,759,000 | |||||||||||||||||||||||||||
change in derivative liability | -11,891,000 | ||||||||||||||||||||||||||||
gain on debt extinguishment | -6,060,000 | ||||||||||||||||||||||||||||
unrealized losses on foreign currency transactions | 1,498,000 | -7,590,000 | -3,571,000 | 2,527,000 | 4,084,000 | ||||||||||||||||||||||||
paid-in-kind interest | 3,094,000 | 3,070,000 | |||||||||||||||||||||||||||
net change in operating assets and liabilities: | |||||||||||||||||||||||||||||
accounts receivable | -20,000 | 1,688,000 | 9,253,000 | -3,253,000 | -6,038,000 | 7,170,000 | 296,000 | 870,000 | -4,143,000 | 4,523,000 | 14,656,000 | -8,384,000 | -8,078,000 | 1,360,000 | 37,861,000 | -21,050,000 | -9,108,000 | 5,032,000 | 14,218,000 | -26,750,000 | -963,000 | -5,849,000 | 16,272,000 | -9,653,000 | 3,746,000 | -5,598,000 | |||
inventories | 14,904,000 | 26,320,000 | 625,000 | -9,404,000 | 14,113,000 | 10,215,000 | -4,644,000 | 2,843,000 | 7,162,000 | 65,617,000 | 11,495,000 | 15,196,000 | 13,779,000 | 14,983,000 | 4,625,000 | 26,007,000 | -43,043,000 | -49,109,000 | -28,816,000 | -20,012,000 | -24,729,000 | 11,400,000 | 11,174,000 | -22,331,000 | -39,106,000 | -21,326,000 | -17,575,000 | -8,413,000 | -4,025,000 |
prepaid expenses and other current assets | 2,295,000 | -3,602,000 | 7,151,000 | -4,048,000 | -4,425,000 | 1,869,000 | 2,594,000 | ||||||||||||||||||||||
accounts payable | 2,255,000 | -13,825,000 | -27,089,000 | 11,734,000 | 13,976,000 | -19,767,000 | -4,430,000 | 3,419,000 | 214,000 | -5,331,000 | 22,512,000 | -906,000 | -13,271,000 | -7,904,000 | -2,716,000 | 2,089,000 | -2,295,000 | 20,700,000 | 3,162,000 | -3,295,000 | 1,098,000 | 13,585,000 | -19,122,000 | 4,913,000 | 16,651,000 | -10,057,000 | 10,407,000 | 14,148,000 | -4,349,000 |
accrued expenses and other current liabilities | 2,756,000 | 36,614,000 | -4,209,000 | -2,607,000 | -1,031,000 | -2,624,000 | 2,578,000 | 1,604,000 | 2,953,000 | 260,000 | 2,100,000 | -4,324,000 | -528,000 | -3,719,000 | -11,378,000 | -578,000 | 8,527,000 | -4,215,000 | 8,019,000 | -532,000 | 10,689,000 | -2,210,000 | -573,000 | 3,426,000 | -2,608,000 | -25,000 | 1,740,000 | -580,000 | 1,608,000 |
prepaid lease costs, non-current | 628,000 | -3,151,000 | -1,229,000 | -2,120,000 | -1,768,000 | -1,569,000 | -1,697,000 | -1,567,000 | -1,669,000 | -991,000 | 1,339,000 | -1,511,000 | -3,082,000 | -6,047,000 | -5,412,000 | -6,673,000 | -36,978,000 | -9,732,000 | -22,878,000 | ||||||||||
operating lease liabilities | -543,000 | -586,000 | -461,000 | -1,229,000 | -927,000 | -823,000 | -786,000 | -804,000 | -822,000 | -37,000 | -688,000 | -1,878,000 | -678,000 | -1,156,000 | -1,118,000 | -946,000 | -1,113,000 | -1,142,000 | -713,000 | -801,000 | -818,000 | -610,000 | -396,000 | -709,000 | -479,000 | ||||
net cash from operating activities | -5,028,000 | -46,793,000 | -38,783,000 | -33,209,000 | -26,146,000 | -28,952,000 | -22,047,000 | -16,009,000 | -31,805,000 | -28,543,000 | 9,054,000 | -46,159,000 | -42,177,000 | -49,897,000 | -34,657,000 | -70,480,000 | -165,210,000 | -110,323,000 | -70,602,000 | -89,788,000 | -30,657,000 | 2,742,000 | 1,598,000 | -27,133,000 | -17,202,000 | -28,656,000 | 4,027,000 | -9,086,000 | -13,280,000 |
capital expenditures | -2,527,000 | -2,978,000 | -2,907,000 | -1,938,000 | -4,485,000 | -6,475,000 | -2,020,000 | -1,323,000 | -1,197,000 | -1,997,000 | -1,428,000 | -1,837,000 | -5,302,000 | -10,523,000 | -17,987,000 | -20,417,000 | -21,548,000 | -31,660,000 | -52,881,000 | -28,057,000 | -19,648,000 | -12,017,000 | -14,957,000 | -13,362,000 | -9,000,000 | -6,295,000 | -5,999,000 | -4,624,000 | |
free cash flows | -7,555,000 | -49,771,000 | -41,690,000 | -35,147,000 | -30,631,000 | -35,427,000 | -24,067,000 | -17,332,000 | -33,002,000 | -30,540,000 | 7,626,000 | -47,996,000 | -47,479,000 | -60,420,000 | -52,644,000 | -90,897,000 | -186,758,000 | -141,983,000 | -123,483,000 | -117,845,000 | -16,906,000 | -10,419,000 | -42,090,000 | -30,564,000 | -37,656,000 | -2,268,000 | -15,085,000 | -17,904,000 | |
cash flows from investing activities: | |||||||||||||||||||||||||||||
purchases of property, plant and equipment | -2,527,000 | -2,978,000 | -2,907,000 | -1,938,000 | -4,485,000 | -6,475,000 | -2,020,000 | -1,323,000 | -1,197,000 | -1,997,000 | -1,428,000 | -1,837,000 | -5,302,000 | -10,523,000 | -17,987,000 | -20,417,000 | -21,548,000 | -31,660,000 | -52,881,000 | -28,057,000 | -23,363,000 | -19,648,000 | -12,017,000 | -13,633,000 | -12,398,000 | -14,280,000 | -2,013,000 | -3,707,000 | -3,795,000 |
proceeds from sale of fixed assets | 1,002,000 | 686,000 | 908,000 | 0 | 348,000 | 255,000 | 936,000 | 2,728,000 | 429,000 | 1,846,000 | 161,000 | 66,000 | 2,250,000 | 75,000 | 100,000 | 132,000 | |||||||||||||
payment of security deposits | -257,000 | -229,000 | -729,000 | -386,000 | 13,000 | -127,000 | -18,000 | -24,000 | 0 | -3,000 | -55,000 | 14,000 | -501,000 | ||||||||||||||||
net cash from investing activities | -1,782,000 | -2,259,000 | -1,916,000 | -1,938,000 | -4,137,000 | -6,222,000 | -1,179,000 | 1,471,000 | -302,000 | -151,000 | -1,267,000 | -1,771,000 | -6,302,000 | -16,823,000 | -28,716,000 | -20,489,000 | -21,499,000 | -43,046,000 | -52,868,000 | -28,184,000 | -23,381,000 | -35,154,000 | -11,418,000 | -14,966,000 | -13,362,000 | -9,011,000 | -6,275,000 | -5,885,000 | -4,993,000 |
beyond meat, inc. and subsidiaries | |||||||||||||||||||||||||||||
condensed consolidated statements of cash flows | |||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||
payment of debt issuance costs | |||||||||||||||||||||||||||||
principal payments under finance lease obligations | -843,000 | -1,246,000 | -549,000 | -693,000 | -244,000 | -494,000 | -169,000 | -3,000 | -511,000 | -55,000 | -53,000 | -82,000 | -33,000 | -58,000 | -109,000 | 2,000 | -45,000 | -47,000 | -47,000 | -47,000 | -36,000 | -18,000 | -18,000 | -18,000 | -16,000 | ||||
prepayment for non-commenced finance lease | -926,000 | ||||||||||||||||||||||||||||
payments of minimum withholding taxes on net share settlement of equity awards | -2,728,000 | -39,000 | -73,000 | -92,000 | -220,000 | -78,000 | -78,000 | -104,000 | -435,000 | -106,000 | -54,000 | -85,000 | -252,000 | -67,000 | -304,000 | -330,000 | -439,000 | -332,000 | -962,000 | -975,000 | -812,000 | -539,000 | -505,000 | -1,219,000 | -12,000 | ||||
net cash from financing activities | -4,497,000 | 135,589,000 | 54,181,000 | 34,229,000 | -589,000 | 47,059,000 | -234,000 | -107,000 | -941,000 | -162,000 | -88,000 | -151,000 | -149,000 | -109,000 | -112,000 | 166,000 | 331,000 | 202,000 | 46,000 | 2,161,000 | 1,019,913,000 | -23,041,000 | 2,103,000 | 18,190,000 | 986,000 | 1,204,000 | 37,712,000 | 256,549,000 | -589,000 |
net decrease in cash, cash equivalents and restricted cash | -11,307,000 | 13,482,000 | -918,000 | -30,872,000 | 11,885,000 | -23,460,000 | -14,645,000 | -33,048,000 | 7,699,000 | -48,081,000 | -48,628,000 | ||||||||||||||||||
cash, cash equivalents and restricted cash at the beginning of the period | 217,531,000 | 0 | 0 | 0 | 145,554,000 | 0 | 0 | 0 | 205,935,000 | 1,000 | 0 | 0 | 322,548,000 | ||||||||||||||||
effect of foreign currency exchange rate changes on cash | -468,000 | -72,000 | 315,000 | ||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of the period | 205,756,000 | 86,465,000 | 13,797,000 | 1,443,000 | 115,826,000 | 10,664,000 | -23,119,000 | -15,475,000 | 173,484,000 | -26,899,000 | 6,901,000 | -47,659,000 | 273,592,000 | ||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||
cash paid during the period for: | |||||||||||||||||||||||||||||
interest | 7,000 | -150,000 | 136,000 | 17,000 | 25,000 | 17,000 | 9,000 | 297,000 | 450,000 | 849,000 | 758,000 | ||||||||||||||||||
taxes | 0 | 17,000 | 0 | -31,000 | 52,000 | -34,000 | -74,000 | 50,000 | 48,000 | 3,000 | 0 | -12,000 | |||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||
conversion of 2030 notes to common stock | 4,219,000 | ||||||||||||||||||||||||||||
non-cash additions to property, plant and equipment | 471,000 | -125,000 | -669,000 | -186,000 | 1,531,000 | -6,132,000 | -2,791,000 | 5,556,000 | 6,874,000 | 2,586,000 | -7,598,000 | 2,103,000 | 8,148,000 | 8,174,000 | -1,954,000 | 138,000 | |||||||||||||
non-cash additions to finance leases | |||||||||||||||||||||||||||||
net income | -27,266,000 | 1,815,000 | |||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||
loss from impairment of long-lived assets | -26,126,000 | ||||||||||||||||||||||||||||
provision for credit losses | 199,000 | ||||||||||||||||||||||||||||
loss on write-down and sale of fixed assets | |||||||||||||||||||||||||||||
write-down of note receivable | |||||||||||||||||||||||||||||
gain on debt restructuring and exchange fees | |||||||||||||||||||||||||||||
long-term liabilities | 10,000 | -1,000 | 8,000 | 4,000 | |||||||||||||||||||||||||
proceeds from note receivable on assets previously held for sale | 1,000 | ||||||||||||||||||||||||||||
payments for investment in joint venture | 0 | 0 | 0 | -3,250,000 | -3,250,000 | ||||||||||||||||||||||||
proceeds from security deposits | |||||||||||||||||||||||||||||
consolidated statements of cash flows | |||||||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to the atm program, net of issuance costs | |||||||||||||||||||||||||||||
proceeds from delayed draw term loans, net of issuance costs | |||||||||||||||||||||||||||||
payment of equity issuance costs | |||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 0 | 906,000 | 13,000 | 0 | 5,000 | -1,000 | 19,000 | 16,000 | 136,000 | 16,000 | 301,000 | 494,000 | 815,000 | 581,000 | 1,055,000 | 3,638,000 | 2,861,000 | 2,516,000 | 2,667,000 | 2,810,000 | 1,014,000 | 1,771,000 | 365,000 | 167,000 | 366,000 | |||
net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||
issuance of common stock in conjunction with the exchange of 2027 notes | |||||||||||||||||||||||||||||
re-classification of prepaid issuance costs to additional paid-in-capital related to atm program | |||||||||||||||||||||||||||||
issuance of 2030 notes in conjunction with the exchange of 2027 notes, including pik | |||||||||||||||||||||||||||||
issuance of common stock warrants in connection with delayed draw term loans | -3,857,000 | ||||||||||||||||||||||||||||
issuance costs of convertible debt, accrued not yet paid | |||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities | 0 | -205,000 | 111,000 | 36,386,000 | 2,432,000 | 12,591,000 | 1,573,000 | 105,000 | 1,555,000 | 519,000 | |||||||||||||||||||
reclassification of pre-paid lease costs to operating lease right-of-use assets | |||||||||||||||||||||||||||||
reclassification of pre-paid lease costs to finance lease right-of-use assets | 0 | 0 | |||||||||||||||||||||||||||
reclassification of operating lease right-of-use assets to finance lease right-of-use assets | |||||||||||||||||||||||||||||
non-cash addition to financing leases | 1,000 | 147,000 | 9,955,000 | 136,000 | |||||||||||||||||||||||||
loss on sale and write-down of fixed assets | -95,000 | 125,000 | 98,000 | 183,000 | |||||||||||||||||||||||||
amortization of debt issuance costs | 1,017,000 | 986,000 | 984,000 | 983,000 | 984,000 | 983,000 | 984,000 | 983,000 | 984,000 | 983,000 | 984,000 | 983,000 | 984,000 | 983,000 | 984,000 | 984,000 | 986,000 | 983,000 | 369,000 | 61,000 | 102,000 | 36,000 | 57,000 | 57,000 | 46,000 | 20,000 | 58,000 | ||
unrealized gains on foreign currency transactions | |||||||||||||||||||||||||||||
proceeds from delayed draw term loans | |||||||||||||||||||||||||||||
payments of debt issuance costs | |||||||||||||||||||||||||||||
offering and issuance costs, accrued not paid | |||||||||||||||||||||||||||||
proceeds from delayed draw term loan | |||||||||||||||||||||||||||||
debt issuance costs | -4,992,000 | -125,000 | 0 | 0 | -455,000 | -23,150,000 | 0 | -41,000 | |||||||||||||||||||||
issuance of common stock warrants in connection with delayed draw term loan | |||||||||||||||||||||||||||||
equity in losses (income) of unconsolidated joint venture | 11,000 | ||||||||||||||||||||||||||||
effect of exchange rate changes on cash | 1,144,000 | -1,221,000 | 341,000 | -830,000 | 597,000 | 1,956,000 | -798,000 | 422,000 | -328,000 | -798,000 | -1,013,000 | -2,381,000 | 942,000 | 19,000 | 529,000 | 131,000 | 15,000 | -35,000 | -2,000 | ||||||||||
unrealized loss on foreign currency transactions | 6,231,000 | -3,789,000 | 498,000 | 2,173,000 | |||||||||||||||||||||||||
purchases of property, plant and equipment held for sale | 0 | 0 | -1,324,000 | -964,000 | 5,280,000 | -4,282,000 | -2,292,000 | -829,000 | |||||||||||||||||||||
proceeds from (payment of) security deposits | |||||||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to the atm offering, net of issuance costs | |||||||||||||||||||||||||||||
provision for doubtful accounts | 0 | ||||||||||||||||||||||||||||
write-off of note receivable | |||||||||||||||||||||||||||||
return of security deposits | -95,000 | 66,000 | 466,000 | ||||||||||||||||||||||||||
prepaid expenses and other assets | 410,000 | 11,591,000 | 5,987,000 | -8,631,000 | 3,926,000 | 3,793,000 | 8,794,000 | -779,000 | -213,000 | -8,165,000 | -3,306,000 | -7,066,000 | -2,877,000 | -255,000 | 2,748,000 | -5,937,000 | -6,255,000 | -484,000 | 253,000 | -2,253,000 | 122,000 | ||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 1,037,000 | 0 | 0 | |||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 0 | 0 | 0 | 1,150,000,000 | |||||||||||||||||||||||||
purchase of capped calls related to convertible senior notes | 0 | 0 | 0 | -83,950,000 | |||||||||||||||||||||||||
repayment of revolving credit facility | 0 | 0 | 0 | -25,000,000 | |||||||||||||||||||||||||
reclassification of other current liability to additional paid-in capital in connection with the share-settled obligation | 0 | 921,000 | |||||||||||||||||||||||||||
payments of security deposits | |||||||||||||||||||||||||||||
unrealized gain on foreign currency transactions | -731,000 | ||||||||||||||||||||||||||||
asset acquisition | |||||||||||||||||||||||||||||
proceeds from revolving credit facility | 0 | 0 | |||||||||||||||||||||||||||
debt extinguishment costs | 0 | 0 | |||||||||||||||||||||||||||
repayment of revolving credit line | 0 | ||||||||||||||||||||||||||||
repayment of term loan | 0 | ||||||||||||||||||||||||||||
repayment of equipment loan | 0 | 0 | |||||||||||||||||||||||||||
note receivable from sale of assets held for sale | 0 | -600,000 | |||||||||||||||||||||||||||
net increase in cash and cash equivalents | -63,485,000 | -90,803,000 | -186,378,000 | -153,167,000 | -123,424,000 | -115,811,000 | 965,875,000 | -55,453,000 | -7,717,000 | -36,463,000 | 35,464,000 | ||||||||||||||||||
cash and cash equivalents at the beginning of the period | 0 | 0 | 733,294,000 | 0 | 0 | 0 | 159,127,000 | 0 | 0 | 0 | 275,988,000 | 0 | 0 | 0 | 54,271,000 | ||||||||||||||
cash and cash equivalents at the end of the period | -64,498,000 | -93,184,000 | 547,858,000 | -153,148,000 | -122,895,000 | -115,680,000 | 1,125,017,000 | -55,488,000 | -7,719,000 | -24,076,000 | 246,410,000 | -36,463,000 | 35,464,000 | 241,578,000 | 35,409,000 | ||||||||||||||
non-cash additions to financing leases | 165,000 | 0 | 0 | 580,000 | |||||||||||||||||||||||||
reclassification of prepaid lease costs to operating lease right-of-use assets | |||||||||||||||||||||||||||||
return (payment) of security deposits | 49,000 | ||||||||||||||||||||||||||||
issuance costs of convertible senior notes, accrued not yet paid | 455,000 | ||||||||||||||||||||||||||||
change in preferred and common stock warrant liabilities | 0 | 0 | 11,744,000 | 759,000 | |||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to the initial public offering, net of issuance costs | 0 | -580,000 | |||||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to the secondary public offering, net of issuance costs | -543,000 | ||||||||||||||||||||||||||||
finance lease obligations for the purchase of property, plant and equipment | |||||||||||||||||||||||||||||
reclassification of warrant liability to additional paid-in capital in connection with the initial public offering | 0 | ||||||||||||||||||||||||||||
conversion of convertible preferred stock to common stock upon initial public offering | 0 | ||||||||||||||||||||||||||||
non-cash additions to property, plant and equipment held for sale | |||||||||||||||||||||||||||||
proceeds from sale of assets held for sale | |||||||||||||||||||||||||||||
proceeds from series h preferred stock offering, net of offering costs | |||||||||||||||||||||||||||||
proceeds from series g preferred stock offering, net of offering costs | |||||||||||||||||||||||||||||
proceeds from revolving credit line | |||||||||||||||||||||||||||||
proceeds from term loan borrowing | |||||||||||||||||||||||||||||
proceeds from equipment loan borrowing | |||||||||||||||||||||||||||||
proceeds from payoff of notes receivable for restricted stock purchase | |||||||||||||||||||||||||||||
repayments on revolving credit facility | |||||||||||||||||||||||||||||
repayments on revolving credit line | |||||||||||||||||||||||||||||
repayment on term loan | |||||||||||||||||||||||||||||
repayment of missouri note | |||||||||||||||||||||||||||||
proceeds from restricted stock exercise | |||||||||||||||||||||||||||||
payments of deferred offering costs | -946,000 | ||||||||||||||||||||||||||||
payment for repurchase of common stock | |||||||||||||||||||||||||||||
issuance of convertible preferred stock warrants in connection with debt | |||||||||||||||||||||||||||||
offering costs, accrued not yet paid | |||||||||||||||||||||||||||||
beyond meat, inc. | |||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -29,578,000 | -18,862,000 | |||||||||||||||||||||||||||
non-cash expenses related to convertible note | |||||||||||||||||||||||||||||
restructuring loss on write-off of fixed assets | |||||||||||||||||||||||||||||
proceeds from series f preferred stock offering, net of offering costs | |||||||||||||||||||||||||||||
proceeds from convertible note issuance | |||||||||||||||||||||||||||||
statements of cash flows | |||||||||||||||||||||||||||||
payments of capital lease obligations | -24,000 | -10,000 | -12,000 | -9,000 | |||||||||||||||||||||||||
capital lease obligations for the purchase of property, plant and equipment | |||||||||||||||||||||||||||||
proceeds from advance deposit for series h preferred stock offering | |||||||||||||||||||||||||||||
proceeds from bank term loan borrowing | |||||||||||||||||||||||||||||
condensed statements of cash flows | |||||||||||||||||||||||||||||
accounts receivables | -18,194,000 | -3,568,000 | |||||||||||||||||||||||||||
repayments on term loan |

