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Beyond Meat

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Producer of plant-based meat substitutes

Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2009Founded1

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  • TickerBYND on Nasdaq1
  • Industryfood industry1
  • HeadquartersEl Segundo1
  • Founded inLos Angeles1
  • Websitebeyondmeat.com
  • Legal formjoint-stock company1
  • Incorporated inDE5
  • Business address888 N. Douglas Street, Suite 100, El Segundo, Ca 902455
  • Filer categoryAccelerated filer5
Beyond Burger with Flag
Photo: Pascal Shirley, CC BY-SA 4.0, via Wikimedia Commons7

Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.8%Gross margin8
-121.1%Operating margin8
79.5%Net margin8
-15.6%Revenue growth, 20258
-$157.2MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 59% of the revenue Beyond Meat broke down this way in fiscal 2025.

  1. United States$163.4M859%down 18% from 2024
  2. Outside the United States$112.1M841%down 12% from 2024
Regions by year
Regions202320242025
United States$205.9M$198.4M$163.4M
Outside the United States$137.5M$128.1M$112.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$267.9M
  • Research and development3¢$23.2M
  • Selling, general and admin30¢$217.8M
  • Profit30¢$219.0M

Out of $275.5M in revenue.8

Financial statements

Revenue91011128$275.5M in 2025−8% since 2019
0$200.0M$400.0M$600.0M2019: $297.9M$297.9M20192020: $406.8M$406.8M2020+37%2021: $464.7M$464.7M2021+14%2022: $418.9M$418.9M2022−10%2023: $343.4M$343.4M2023−18%2024: $326.5M$326.5M2024−5%2025: $275.5M$275.5M2025−16%
Gross profit91011128$7.6M in 2025−92% since 2019
-$100.0M0$100.0M$200.0M2019: $99.8M$99.8M20192020: $122.3M$122.3M2020+23%2021: $117.3M$117.3M2021−4%2022: -$23.7M-$23.7M20222023: -$82.7M-$82.7M2023+248%2024: $41.7M$41.7M20242025: $7.6M$7.6M2025−82%
Operating income91011128-$333.6M in 2025+68125% since 2019
-$400.0M-$300.0M-$200.0M-$100.0M02019: -$489.0K-$489.0K20192020: -$49.3M-$49.3M2020+9991%2021: -$174.9M-$174.9M2021+255%2022: -$342.8M-$342.8M2022+96%2023: -$341.9M-$341.9M2023−0%2024: -$156.1M-$156.1M2024−54%2025: -$333.6M-$333.6M2025+114%
Net income91011128$219.0M in 2025
-$400.0M-$200.0M0$200.0M$400.0M2019: -$12.4M-$12.4M20192020: -$52.8M-$52.8M2020+324%2021: -$182.1M-$182.1M2021+245%2022: -$366.1M-$366.1M2022+101%2023: -$338.1M-$338.1M2023−8%2024: -$160.3M-$160.3M2024−53%2025: $219.0M$219.0M2025

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Net revenues$275.5M$326.5M$343.4M
Cost of goods sold$267.9M$284.8M$426.0M
Gross profit (loss)$7.6M$41.7M-$82.7M
Research and development expenses$23.2M$28.1M$39.5M
Selling, general and administrative expenses$217.8M$169.7M$203.7M
Loss on write-down of assets held for sale$49.0M$0$16.6M
Loss from impairment of long-lived assets$51.3M$0$0
Restructuring expenses$0$0-$631.0K
Total operating expenses$341.3M$197.8M$259.2M
Loss from operations-$333.6M-$156.1M-$341.9M
Interest expense-$14.0M-$4.1M-$4.0M
Remeasurement of warrant liability$15.1M$0$0
Remeasurement of derivative liability-$12.3M$0$0
Gain on debt restructuring, net of exchange fees$548.7M$0$0
Other, net$15.3M-$10.0K$11.6M
Total other income (expense), net$552.7M-$4.1M$7.7M
Income (loss) before taxes$219.1M-$160.2M-$334.2M
Income tax (benefit) expense$0-$26.0K$5.0K
Equity in losses of unconsolidated joint venture$78.0K$73.0K$3.9M
Net income (loss)$219.0M-$160.3M-$338.1M
Less: Earnings allocated to participating securities-$41.0M$0$0
Net income (loss) available to common stockholdersbasic (in shares)$178.0M-$160.3M-$338.1M
Net income (loss) per share available to common stockholdersbasic (in dollars per share)$1.15-$2.43-$5.26
Weighted average common shares outstandingBasic (in shares)155.3M shares66.0M shares64.3M shares
Net loss per share available to common stockholdersdiluted (in dollars per share)-$1.83-$2.43-$5.26
Weighted average common shares outstandingdiluted (in shares)180.9M shares66.0M shares64.3M shares

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The story

Founded by Ethan Brown in 2009, in Los Angeles.1

Founding

The company was founded in 2009 by Ethan Brown to mitigate climate change. Brown licensed technology from two University of Missouri professors, Fu-hung Hsieh and Harold Huff, who had been developing their meatless protein since the 1980s.

Beyond Meat launched its first product, Beyond Chicken Strips (originally called "Chicken-Free Strips"), at Whole Foods Market in 2012 and expanded nationally in 2013. In 2014, Beyond Meat developed its first plant-based beef product, Beyond Beef Crumbles. That same year, it announced that it had begun development of a new product emulating a beef burger.

Financing and revenues

Between 2013 and 2016, the company received venture funding from GreatPoint Ventures, Kleiner Perkins, Obvious Corporation, Bill Gates, Biz Stone, the Humane Society and Tyson Foods.

By 2018, Beyond Meat had raised US$72 million in venture financing.

In May 2019, Beyond Meat became a public company via an initial public offering on the Nasdaq, raising $240 million. It was the first plant-based meat alternative company to became a public company. On the day of its IPO, the company's stock price surged 163%, the best-performing public offering by a major U.S. company since 2000, during the dot-com bubble.

By 2020, celebrity and athlete investors included Leonardo DiCaprio, Jessica Chastain, Mark Rober, Snoop Dogg, Liza Koshy, Chris Paul, Kyrie Irving, and DeAndre Hopkins.

The company's largest customer is Dot Foods, accounting for 12% of revenue in 2024.

Layoffs

In October 2022, the company announced layoffs of 19% of its staff, or approximately 200 employees, due to revenue declines.

Read the full text

In November 2023, Beyond Meat announced additional layoffs after a 9% decline in sales.

In February 2025, the company halted operations in China and announced additional layoffs. In August 2025, the company announced an additional 44 layoffs, or 6% of its workforce.

From Wikipedia’s article on Beyond Meat, shared under CC BY-SA 4.0.6

Leadership

Who has led Beyond Meat, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ethan Brown2009–now
2010201520202025
Board members and other officers (9)

Products and brands

  • plant-based meat analogue

Listed on Wikidata.1

Products

Beyond Burger (2016–present)

In May 2016, Beyond Meat launched its signature product, the 'Beyond Burger' patty.

In 2019, the company launched its 'Beyond Burger 2.0', which was a 'meatier' design with less saturated fat than the original product. In 2021, this was followed by its 'Beyond Burger 3.0', which further reduced its fat and calorie content whilst maintaining the same amount of protein.

In 2024, Beyond Meat changed its recipe to achieve a healthier 'Beyond Meat IV'. This updated recipe replaced the canola oil and coconut oil with avocado oil.

Ingredients

The Beyond Burger patty is made from pea protein isolates, rice protein, red lentil protein, avocado oil, potato starch, pea starch, faba bean extract, apple extract, and pomegranate powder. Its blood-color and ability to "bleed" comes from the addition of red beet juice.

Read the full text

Patty variants

In 2023, Beyond introduced a 'smashable' version of their Beyond Burger patty, which is thinner and can be cooked quickly to make a smash burger. That same year, the company also introduced a 'stackable' version of the patty.

Beyond Mince (2021–present)

In 2021, the Beyond range in the UK expanded to include 'Beyond Mince;.

Beyond Steak (2022–present)

In 2022, Beyond launched plant-based beefsteak slices called 'Beyond Steak', which are made mainly of fava bean protein. TIME magazine named it as one of the Best Inventions of 2022.

In 2025, Beyond added two new pre-seasoned flavours of Beyond Steak, chimichurri and Korean BBQ-style.

Beyond Sausage (2017–present)

In December 2017, the company announced a plant-based pork sausage called 'Beyond Sausage'. This launched the following year and was named by TIME Magazine as one of the Best Inventions of 2018.

The three flavours of Beyond Sausage are 'Brat' (bratwurst), 'Hot Italian', and 'Sweet Italian'. They are made primarily of pea protein, rice, fava beans, potato starch, and coconut oil.

Beyond Breakfast Sausage

In March 2020, Beyond released its ‘Beyond Breakfast Sausage’ patty in selected retail stores in the USA, then to more retail stores in September 2020. This was followed by the introduction of a sausage-links version in the USA in October 2020 and Canada in September 2021.

Beyond Meatballs (2019–present)

'Beyond Meatballs', a plant-based alternative to traditional beef-and-pork meatballs, were first introduced at Subway in 2019 through the Beyond Meatball Marinara sub. In September 2020, Beyond Meatballs were rolled out at select grocery stores across the U.S.

Beyond Meatballs are made mainly of pea protein, rice protein, and seasoning.

Beyond Chicken Nuggets (2022–present)

In January 2022, 'Beyond Chicken Nuggets' were released in KFC stores across the USA. This was expanded to retail in November 2022.

Chicken strips (2012–2019)

The company's first product, launched in 2012, was designed to emulate chicken and sold frozen. The product was licensed from Harold Huff and Fu-Hung Hsieh at the University of Missouri. They were made from "soy powder, gluten-free flour, carrot fiber and other ingredients". Although praised by some celebrities, journalists who tasted it said the "likeness to real chicken was tolerable, at best", and the chicken product was discontinued in 2019.

Beyond Meat Jerky (2022–2024)

In March 2022, Beyond Meat launched its jerky product in conjunction with PepsiCo. It was Beyond Meat's first shelf-stable product and came in original, teriyaki, and "hot & spicy" flavors. Beyond Meat discontinued it in February 2024.

Market distribution

In July 2019, Dunkin' Donuts announced that they would begin selling breakfast sandwiches using the Meatless Sausage product in Manhattan, with plans for national distribution beginning on 6 November 2019.

In November 2020, Beyond Meat announced a collaboration with McDonald's for development of the McPlant option, a plant-based patty and chicken substitute. It started testing the McPlant in Denmark and Sweden in February 2021. Testing of the McPlant burger by McDonald's in the USA ended in July 2022 after poor sales in 600 restaurants, but McDonald's sells the product in several European countries.

In 2020, Beyond Meat launched an e-commerce site to sell products directly to consumers. It also announced the launch in China of a plant-based version of minced pork.

In January 2021, Taco Bell announced a collaboration with Beyond Meat, initially as a test and then as a permanent option for a new plant-based protein food. Also in January 2021, Beyond Meat and PepsiCo announced a joint venture, called The PLANeT Partnership, to develop and market plant-based snacks and drinks.

From 2019 to 2023, Beyond Meat was in partnership with Del Taco. From 2019 to 2024, Beyond Meat was in partnership with Carl's Jr..

In September 2021, Beyond Meat announced it would begin selling their vegan chicken tenders in retail stores, including Walmart.

Production locations

In the United States, Beyond Meat has several manufacturing facilities in the United States, including in Columbia, Missouri, and Pennsylvania. In June 2018, Beyond Meat opened its second production facility in Columbia, Missouri, resulting in a three-fold increase of the company's manufacturing space. In 2020, Beyond Meat acquired a manufacturing facility in Devault, Pennsylvania. In 2018, Beyond Meat opened a 26,000 square feet (2,400 m2) R&D lab in El Segundo, California. In January 2021, Beyond Meat announced that it will be opening a new global headquarters in El Segundo, CA later that year. The company says the facility will house three to four times its current number of R&D team members once the campus is complete.

In Europe, Beyond Meat has two facilities in the Netherlands: a co-manufacturing facility in Zoeterwoude owned and operated by Dutch company Zandbergen, and an owned facility in Enschede. These two facilities service the distribution network across Europe, the Middle East and Africa.

In China, Beyond Meat operated an owned manufacturing plant in Jiaxing, Zhejiang. It is the company's first "end-to-end manufacturing facility" outside of the United States and began full-scale production in 2021.

Supplier civil suit

In March 2019, a civil suit was filed against Beyond Meat by its former business partner and supplier, Don Lee Farms. This was prompted by Beyond Meat's switch to different suppliers in 2017, with whom Don Lee Farms alleged Beyond Meat then shared details about the manufacturing process. Don Lee Farms alleged breach of contract, and further alleged that they had expressed "significant concerns" about food safety protocols for raw materials produced at Beyond Meat's facility which were then given to Don Lee Farms for further processing. In 2022, the parties settled the dispute, with neither admitting liability or wrongdoing.

From Wikipedia’s article on Beyond Meat, shared under CC BY-SA 4.0.6

Former names

  • Savage River, Inc.Oct 15, 2015 to Dec 7, 20175

Timeline

  1. May 2, 2019Went public Listed on NASDAQ1
  2. 2009Founded Founded in Los Angeles1
  3. 2009New chief executive Ethan Brown becomes CEO1

Recent filings

  1. Oct 1, 20268-K
  2. Sep 28, 2026SCHEDULE 13G
  3. Sep 23, 20268-K
  4. Sep 22, 20268-K
  5. Sep 16, 20264
  6. Sep 16, 20264
  7. Sep 16, 20264
  8. Sep 16, 20264
  9. Sep 1, 20268-K 8-K REGAIN COMPLIANCE WITH NASDAQ
  10. Aug 26, 20263
  11. Aug 14, 20268-K
  12. Aug 11, 20268-K 8-K ANNOUNCEMENT OF REVERSE STOCK SPLIT RATIO
  13. Aug 10, 20268-K
  14. Aug 6, 202610-Q 10-Q BEYOND MEAT 10Q Q2 2026
  15. Aug 5, 20268-K 8-K Q2 2026 EARNINGS

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2