Plant-based brand Beyond Meat has reported its financial results for the full year ended 31st December 2025, finding revenues had decreased by 15.6% on the year to hit $275.5 million.
Gross profit was $7.6 million, or gross margin of 2.8%, compared to gross profit of $41.7 million, or gross margin of 12.8% in the year-ago period.
Loss from operations over the year was $332.7 million, with an operating margin of -120.8%. This was compared to loss of $156.1 million, or an operating margin of -47.8%, in the year-ago period.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) was a loss of $178.4 million, or -64.8% of net revenues, compared to an adjusted EBITDA loss of $101.7 million, or -31.1% of net revenues, in the year-ago period.
Beyond Meat said it expected to continue to experience an “elevated level of uncertainty” within its operating environment, which it said would continue to have “unforeseen impacts” on the company’s results. The company expects Q1 2026 net revenues to total approximately $57 million to $59 million.
“We enter 2026 with reduced leverage and extended debt maturity, and having added liquidity to our balance sheet.”
Beyond Meat president and CEO Ethan Brown commented: “Our results for the fourth quarter of 2025 reflect ongoing headwinds in the plant-based meat category as well as the financial impact of several restructuring charges that, while costly, we believe will support the company’s path to sustainable operations.
“We enter 2026 with reduced leverage and extended debt maturity, and having added liquidity to our balance sheet. We intend to build on these improvements through the continued pursuit of top-line stabilisation and margin expansion.
“Furthermore, we are strategically repositioning our brand to Beyond The Plant Protein Company™, allowing us to enter into adjacent categories where we believe our brand, technology and commitment to clean plant-based nutrition can deliver significant value to consumers.”
