Beyond Meat Inc (0Q3.F) Q2 2025 Earnings Report

Beyond Meat delivered a modest QoQ revenue uptick in QQ2 2025, but the quarter remained unprofitable and cash-burnt, underscoring the ongoing challenges in achieving sustainable profitability within the plant-based meat category. Revenue of $74.96 million rose 9.06% QoQ but declined 7.47% Year-over-Year, while gross margin compressed to 11.46% as the company absorbs marketing, product development, and scale-related costs. The operating loss of $34.92 million and net loss of $33.16 million reflect a continued burn rate in the near term despite top-line gains. Cash flow remains negative from operations (-$33.21 million) with free cash flow of -$35.15 million, and the balance sheet shows a sizable debt burden ($1.284 billion total debt) alongside negative stockholders’ equity (−$681 million), limiting balance sheet resilience. Liquidity remains adequate on a near-term basis (current ratio 3.25; cash and equivalents around $117 million), but the combination of negative profitability and high leverage raises questions about longer‑term financial flexibility absent meaningful margin expansion or revenue growth.

Management commentary on the QQ2 2025 call would typically shed light on gross margin improvement, cost structure optimization, and path to sustainable profitability; however, in the provided data set, earnings‑call quotes are unavailable. Investors should monitor whether management communicates a clear plan to drive scale, pricing power, and cost efficiencies that can meaningfully reduce cash burn and de‑leverage the balance sheet.