Beyond Meat, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $275.5M | $326.5M | $343.4M | $418.9M | $464.7M | $406.8M | $297.9M | $87.9M |
| Cost of Revenue | $267.9M | $284.8M | $426.0M | $442.7M | $347.4M | $284.5M | $198.1M | $70.4M |
| Gross Profit | $7.6M | $41.7M | $-82.7M | $-23.7M | $117.3M | $122.3M | $99.8M | $17.6M |
| Gross Margin | 2.8% | 12.8% | -24.1% | -5.7% | 25.2% | 30.1% | 33.5% | 20.0% |
| Operating Expenses | ||||||||
| Research & Development | $23.2M | $28.1M | $39.5M | $62.3M | $66.9M | $31.5M | $20.7M | $9.6M |
| SG&A Expense | $217.8M | $169.7M | $203.7M | $239.5M | $209.5M | $133.7M | $74.7M | $34.5M |
| Operating Income | $-333.6M | $-156.1M | $-341.9M | $-342.8M | $-174.9M | $-49.3M | $-489.0K | $-28.0M |
| Operating Margin | -121.1% | -47.8% | -99.6% | -81.8% | -37.6% | -12.1% | -0.2% | -31.8% |
| Interest Expense | — | — | $4.0M | $4.0M | $3.6M | $2.6M | $3.1M | $1.1M |
| Pretax Income | $219.1M | $-160.2M | $-334.2M | $-347.2M | $-179.1M | $-52.7M | $-12.4M | $-29.9M |
| Income Tax Expense | $0 | $-26.0K | $5.0K | $32.0K | $60.0K | $72.0K | $9.0K | $1.0K |
| Net Income | $219.0M | $-160.3M | $-338.1M | $-366.1M | $-182.1M | $-52.8M | $-12.4M | $-29.9M |
| Net Margin | 79.5% | -49.1% | -98.5% | -87.4% | -39.2% | -13.0% | -4.2% | -34.0% |
| EPS (Basic) | $1.15 | $-0.81 | $-1.75 | $-1.92 | $-0.96 | $-0.28 | $-0.10 | $-0.23 |
| EPS (Diluted) | $-1.83 | $-0.81 | $-1.75 | $-1.92 | $-0.96 | $-0.28 | $-0.10 | $-0.23 |
| Shares Outstanding (Basic) | 155.3M | 198.0M | 192.9M | 190.9M | 189.5M | 186.9M | 126.8M | 132.0M |
| Shares Outstanding (Diluted) | 180.9M | 198.0M | 192.9M | 190.9M | 189.5M | 186.9M | 126.8M | 132.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |