Quarterly ResultMay 7, 2026, 04:41 PM
Beyond Meat Q1 Net Loss $(28.5)M; Gross Profit $2.0M
AI Summary
Beyond Meat reported a significant reduction in net loss and an improvement to gross profit in Q1 2026 compared to the prior year, despite a decline in net revenues. The company also substantially reduced its net cash used in operating activities. Additionally, Beyond Meat disclosed corrections to previously issued Q1 2025 financial statements related to inventory valuation and debt issuance costs, which were deemed immaterial and corrected prospectively.
Key Highlights
- Net loss decreased to $(28.5) million in Q1 2026 from $(61.1) million in Q1 2025.
- Gross profit improved to $2.0 million in Q1 2026 from a $(6.9) million loss in Q1 2025.
- Net revenues declined to $58.2 million in Q1 2026 from $68.7 million in Q1 2025.
- Net loss per share improved to $(0.06) in Q1 2026 from $(0.80) in Q1 2025.
- Net cash used in operating activities reduced to $(5.0) million from $(26.1) million.
- Beyond Meat corrected immaterial errors in Q1 2025 financial statements prospectively.
- Cash and cash equivalents were $191.0 million as of March 28, 2026.
- Inventory decreased to $68.9 million as of March 28, 2026.
Price Impact
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