| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 68.83 | 18.2% | 8.2% |
| Total Income | 68.83 | 18.2% | 8.2% |
| Expenditure | 99.64 | 0.3% | 9.3% |
| PBT | 16.42 | 157.7% | 156.3% |
| Net Profit | 16.40 | 157.6% | 156.1% |
| OPM | -44.76% | 25.86pp | 1.82pp |
| NPM | 23.83% | 72.77pp | 62.84pp |
| EPS | 0.03 | 150.0% | 107.9% |
Beyond Meat Reports Q2 2026 Financial Results
06 Aug 2026 · 6 Aug, 2:48 am
Summary
Beyond Meat reported second quarter 2026 net revenues of $68.8 million, an 8.2% decrease year-over-year, primarily driven by lower sales volume. Despite the revenue decline, the company achieved a net income of $16.4 million, a substantial turnaround from a net loss of $(31.8) million in the prior year, largely due to a significant non-cash gain on debt extinguishment. Gross margin declined to 8.5% from 10.6% due to increased cost of goods sold per pound. Management noted sequential improvements in net revenues, gross margin, and operating expenses, and highlighted progress in international retail and the launch of Beyond Steak Filet, while also signaling a strategic repositioning towards adjacent categories.
Key Highlights
- 1
Beyond Meat reported net revenues of $68.8 million for the second quarter of 2026, an 8.2% decrease year-over-year.
- 2
Gross profit for the second quarter of 2026 was $5.9 million, with a gross margin of 8.5%, compared to 10.6% in the year-ago period.
- 3
The company reported a net income of $16.4 million for the second quarter of 2026, a significant improvement from a net loss of $(31.8) million in the prior year period.
- 4
Loss from operations improved to $30.8 million in Q2 2026 from $37.5 million in Q2 2025.
- 5
International retail channel net revenues increased by 16.5% to $18.5 million in the second quarter of 2026.
- 6
Adjusted EBITDA for the second quarter of 2026 was a loss of $27.7 million, compared to a loss of $24.7 million in the year-ago period.
Management Comments
Ethan Brown
Our second quarter results represent directional progress, with net revenues, gross margin and operating expenses all sequentially improving, and our top line comfortably exceeding the high end of our guidance. We continue to work to stabilize our plant-based meat business, with highlights including growth in international retail and the U.S. retail debut of Beyond Steak Filet, and to build upon this core as we reposition around Beyond The Plant Protein CompanyTM to pursue faster-growing adjacent categories. The exciting launch of Beyond Immerse represents the first output of this expanded aperture, and we expect more to come as we execute our plan to deliver the superpowers of plants to a broadening group of consumers.
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