Earnings ·
Reports Q3 revenue of $64.5M and a net loss of $82.8M
BYNDBeyond Meat, Inc.
Beyond Meat reported third-quarter 2026 total net revenues of $64.5 million, an 8.1% decrease year-over-year, driven by lower product volumes in U.S. retail and foodservice channels. Gross profit improved to $12.4 million with a gross margin of 19.3%, compared to $5.2 million (7.4%) in the prior year period. The company posted a net loss of $82.8 million, or $(4.32) per share, narrowing from a $97.0 million loss in the year-ago quarter, aided by a $13.3 million non-cash gain on derivative remeasurement and reduced operating losses despite $57.1 million in asset impairment charges. Adjusted EBITDA loss narrowed to $24.6 million from $33.5 million. The company operates in the plant-based meat industry, manufacturing and distributing alternative protein products.