Beyond Meat, Inc. (BYND) Income Statement
BYND 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBYND revenue and net income
Where BYND's revenue goes
2025Each bar shows an amount and its share of revenue. BYND kept 79.8% of revenue as net income.
BYND profit margins
BYND growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −15.6% | −13.0% | −7.5% | — |
| Gross profit | −81.7% | — | −42.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BYND quarterly EPS vs estimates
Beyond Meat beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 9, 2026 (estimate $-2.10).
BYND income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $275.5M | $326.5M | $343.4M | $418.9M | $464.7M | $406.8M | $297.9M | $87.9M | $32.6M | $16.2M |
| Cost of revenue | $267.9M | $284.8M | $354.7M | $442.7M | $347.4M | $284.5M | $198.1M | $70.4M | $34.8M | $22.5M |
| Gross profit | $7.6M | $41.7M | −$11.3M | −$23.7M | $117.3M | $122.3M | $99.8M | $17.6M | −$2.2M | −$6.3M |
| Research & development | $23.2M | $28.1M | $39.5M | $62.3M | $66.9M | $31.5M | $20.6M | $9.6M | $5.7M | $5.8M |
| Sales, general & admin | $217.8M | $171.8M | $212.4M | $239.5M | $209.5M | $133.7M | $74.7M | $34.5M | $17.1M | $12.7M |
| Total operating expenses | $241.0M | $197.8M | $330.5M | $319.0M | $292.2M | $171.6M | $100.2M | $44.0M | $22.9M | $18.5M |
| Operating income | −$233.3M | −$156.1M | −$341.9M | −$342.8M | −$174.9M | −$49.3M | −$489,000 | −$28.0M | −$28.6M | −$24.8M |
| Interest expense | $14.0M | $4.1M | $4.0M | $4.0M | $3.6M | $2.6M | $3.1M | $1.1M | $1.0M | $380,000 |
| Income before taxes | $220.0M | −$160.3M | −$338.1M | −$366.1M | −$182.0M | −$52.7M | −$12.4M | −$29.9M | −$30.4M | −$25.1M |
| Income taxes | $78,000 | $25,999 | $5,000 | $32,000 | $60,000 | $72,000 | $9,000 | $1,000 | $5,000 | $3,000 |
| Net income | $219.9M | −$160.3M | −$338.1M | −$366.1M | −$182.1M | −$52.8M | −$12.4M | −$29.9M | −$30.4M | −$25.1M |
| EBITDA | $265.9M | −$125.5M | −$205.5M | −$292.9M | −$137.5M | −$29.6M | $12.5M | −$23.8M | −$26.2M | −$22.7M |
| EPS (diluted) | −$1.93 | −$2.31 | −$3.76 | −$5.76 | −$2.87 | −$0.61 | $0.01 | −$0.26 | −$19.66 | −$5.03 |
| Gross margin | 2.8% | 12.8% | −3.3% | −5.7% | 25.2% | 30.1% | 33.5% | 20.0% | −6.7% | −39.0% |
| Operating margin | −84.7% | −47.8% | −99.6% | −81.8% | −37.6% | −12.1% | −0.2% | −31.8% | −87.7% | −153.0% |
| Net margin | 79.8% | −49.1% | −98.5% | −87.4% | −39.2% | −13.0% | −4.2% | −34.0% | −93.3% | −155.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.8M | $58.2M | $61.6M | $70.2M | $75.0M | $68.7M | $76.7M | $81.0M | $93.2M | $75.6M | $73.7M | $75.3M |
| Cost of revenue | $63.0M | $56.2M | $71.9M | $63.0M | $64.7M | $68.3M | $66.7M | $66.7M | $79.5M | $71.9M | $86.2M | $82.6M |
| Gross profit | $5.9M | $2.0M | −$10.3M | $7.2M | $10.3M | $435,000 | $10.0M | $14.3M | $13.7M | $3.7M | −$12.6M | −$7.3M |
| Research & development | $4.2M | $5.2M | $5.0M | $4.9M | $5.8M | $7.5M | $6.7M | $6.1M | $5.5M | $9.9M | $9.2M | $9.1M |
| Sales, general & admin | $32.5M | $37.9M | $95.2M | $37.2M | $37.7M | $47.7M | $35.1M | $39.1M | $42.2M | $47.3M | $52.6M | $53.3M |
| Total operating expenses | $36.7M | $43.1M | $97.0M | $42.1M | $45.2M | $56.6M | $47.8M | $45.2M | $47.6M | $57.1M | $148.2M | $62.4M |
| Operating income | −$30.8M | −$41.1M | −$206.7M | −$34.9M | −$34.9M | −$56.2M | −$37.8M | −$30.9M | −$33.9M | −$53.5M | −$160.8M | −$69.6M |
| Interest expense | $6.6M | $6.7M | $6.6M | $10.5M | $2.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $988,000 | $989,000 |
| Income before taxes | $16.4M | −$28.5M | $412.8M | −$110.7M | −$29.2M | −$52.9M | −$44.9M | −$26.6M | −$34.5M | −$54.4M | −$155.1M | −$70.5M |
| Income taxes | $16,000 | $78,000 | $1,000 | — | $59,000 | $11,000 | $12,000 | $6,000 | −$34,000 | $2,000 | −$3.7M | $1.4M |
| Net income | $16.4M | −$28.5M | $412.8M | −$110.7M | −$29.2M | −$52.9M | −$44.9M | −$26.6M | −$34.5M | −$54.4M | −$155.1M | −$70.5M |
| EBITDA | $29.7M | −$14.9M | −$132.7M | −$90.8M | −$24.9M | −$40.6M | −$38.2M | −$20.2M | −$28.3M | −$39.0M | −$41.5M | −$63.8M |
| EPS (diluted) | −$0.09 | −$0.10 | −$0.39 | −$0.47 | −$0.40 | −$0.67 | −$0.65 | −$0.41 | −$0.53 | −$0.72 | −$0.92 | −$1.09 |
| Gross margin | 8.5% | 3.4% | −16.7% | 10.3% | 13.7% | 0.6% | 13.1% | 17.7% | 14.7% | 4.9% | −17.0% | −9.6% |
| Operating margin | −44.8% | −70.6% | −335.6% | −49.7% | −46.6% | −81.8% | −49.3% | −38.2% | −36.4% | −70.7% | −218.2% | −92.4% |
| Net margin | 23.8% | −48.9% | 670.2% | −157.6% | −39.0% | −77.0% | −58.5% | −32.8% | −37.0% | −71.9% | −210.5% | −93.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BYND's financial statements (latest annual report filed April 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BYND financial results
In fiscal year 2025 (ended December 31, 2025), Beyond Meat reported revenue of $275.5 million, down 15.6% from the year before. It had net income of $219.9 million, a net profit margin of 79.8%. Diluted earnings per share came to −$1.93. Over five years revenue grew at an average rate of −7.5% a year.
See the BYND stock overview for the latest quote and news, or the BYND chart for price history and technical indicators.
BYND income statement FAQ
What is Beyond Meat's annual revenue?
Beyond Meat reported total revenue of $275.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 15.6% from $326.5 million the previous year.
Is Beyond Meat profitable?
Yes. Beyond Meat reported net income of $219.9 million in fiscal 2025, a net profit margin of 79.8%; its operating margin was −84.7%.
What is Beyond Meat's gross margin?
Beyond Meat's gross margin was 2.8% in fiscal 2025: for every $100 of revenue, Beyond Meat kept $3 after the direct cost of its products and services.
How much does Beyond Meat spend on research and development?
Beyond Meat spent $23.2 million on research and development in fiscal 2025, 8.4% of revenue.
How fast is Beyond Meat growing?
Revenue grew −7.5% a year on average over the last five fiscal years, from $406.8 million to $275.5 million.
What are Beyond Meat's earnings per share?
Beyond Meat earned $-1.93 per diluted share in fiscal 2025, compared with $-2.31 a year earlier.
When will Beyond Meat report its next earnings?
Beyond Meat is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does Beyond Meat's fiscal year end?
Beyond Meat's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 9, 2026.