Revenue guidance for Q3 of $60-65M implies a sequential decline from Q2's $68.8M, reinforcing the bearish narrative of deteriorating demand. With operating cash flow still deeply negative ($23.2M used in H1), the company has ~$186M cash but $324M debt, and the stock's $327M market cap reflects limited equity cushion. Monitor the August 5 conference call for any strategic pivot or cost-cutting acceleration beyond the current China exit.
Price Chart
Executive Summary
Beyond Meat reported Q2 2026 revenues of $68.8M, down 8.2% YoY and above the high end of its $60-65M guidance, but still a decline. GAAP net income of $16.4M was driven by a $57.7M non-cash gain on debt extinguishment, not operations. Adjusted EBITDA loss widened to -40.2% of revenue from -33.0% a year ago, and the company guides Q3 2026 revenue to $60-65M, below Q2's actual. The core business continues to shrink with negative operating cash flow.
Key Financial Metrics
Key Facts
- Q2 2026 net revenue $68.8M, down 8.2% YoY from $75.0M
- GAAP net income $16.4M vs loss of $(31.8)M, driven by $57.7M non-cash gain on debt extinguishment
- Adjusted EBITDA loss widened to -40.2% of revenue from -33.0%
- Operating cash flow used $23.2M in H1 2026 vs $58.0M in H1 2025
- Q3 2026 revenue guidance $60-65M, below Q2's $68.8M actual
- Gross margin fell to 8.5% from 10.6% YoY
- Volume declined 9.5% YoY; U.S. foodservice down 27.6%, U.S. retail down 9.9%
- International retail grew 16.5% YoY, partially offsetting domestic weakness
- $186.1M cash & restricted cash; $323.8M debt carrying value
Financial Impact
Revenue miss vs prior trend; operating losses continue; guidance implies sequential decline
Risk Factors
- Continued revenue decline and category demand weakness
- Cash burn may accelerate if restructuring costs rise
- Debt maturities and dilution risk from convertible note conversions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001655210-26-000053 |
| Document: bynd-20260805.htm | 0001655210-26-000053 |
| Document: 0001655210-26-000053-index-headers.html | 0001655210-26-000053 |
| Document: 0001655210-26-000053-index.html | 0001655210-26-000053 |
| Document: 0001655210-26-000053.txt | 0001655210-26-000053 |
| 8-K Data (Synthetic) | 0001655210-26-000053 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | 8-K | $13.47 $10.31 | ▲ +23.46% | ▲ +21.47% | $8.13 (+39.68%) |
Aug 11, 2026 7w ago | 8-K | $0.4176 $10.85 | ▲ +2498.66% | ▲ +2499.72% | $8.13 (+1845.64%) |
Aug 10, 2026 7w ago | 8-K | $0.5200 $11.21 | ▲ +2055.77% | ▲ +2056.68% | $8.13 (+1462.50%) |
Aug 6, 2026 8w ago | Institutional Cluster | $0.5275 $11.27 | ▼ −2036.49% | ▼ −2035.89% | $8.13 (−1440.28%) |
Aug 5, 2026 8w ago | Press Release | $0.5275 $11.27 | ▼ −2036.49% | ▼ −2035.89% | $8.13 (−1440.28%) |
Aug 5, 2026 8w ago | 8-K | $0.5275 $11.27 | ▼ −2036.49% | ▼ −2035.89% | $8.13 (−1440.28%) |
Jul 17, 2026 10w ago | 8-K | $0.5945 $11.63 | ▲ +1856.27% | ▲ +1852.14% | $8.13 (+1266.69%) |
Jun 25, 2026 14w ago | 8-K | $0.6594 $0.5601 | ▼ −15.06% | ▼ −16.32% | $8.13 (+1132.18%) |
Jun 3, 2026 17w ago | 8-K | $0.7630 $0.7103 | ▼ −6.91% | ▼ −5.28% | $8.13 (+964.88%) |
Apr 24, 2026 22w ago | 8-K | $0.9010 $0.7684 | ▲ +14.72% | ▲ +19.67% | $8.13 (−801.78%) |
US Market Status
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