Quarterly ResultMay 6, 2026, 04:11 PM
Beyond Meat Q1 Revenue $58.2M, Net Loss $28.5M; Cash Use Lowest in 2+ Years
AI Summary
Beyond Meat reported Q1 2026 financial results with net revenues decreasing 15.3% to $58.2 million. Despite the revenue decline, the company achieved a gross profit of $2.0 million, a significant improvement from a gross loss in the prior year, and reduced its net loss to $28.5 million. CEO Ethan Brown highlighted significant operating expense improvement and the lowest quarterly cash use in over two years, alongside a strategic expansion into the functional food and beverage category. The company expects Q2 2026 net revenues to be between $60 million and $65 million.
Key Highlights
- Net revenues decreased 15.3% year-over-year to $58.2 million.
- Gross profit was $2.0 million (3.4% margin) compared to a gross loss of $6.9 million (-10.1% margin) in the prior year.
- Net loss improved to $28.5 million, down from $61.1 million in the year-ago period.
- Adjusted EBITDA loss improved to $27.8 million from $50.5 million year-over-year.
- Net cash used in operating activities was $5.0 million, the lowest quarterly cash use in over two years.
- International retail net revenues increased 8.1% to $13.7 million.
- Company is broadening its focus to include the functional food and beverage category.
- For Q2 2026, net revenues are expected to be approximately $60 million to $65 million.