Beyond Meat reported a challenging QQ3 2025, with revenue of $70.2 million, down 13.3% year over year and 6.3% quarter over quarter. Gross profit was $7.23 million, yielding a gross margin of approximately 10.3%, but operating losses expanded meaningfully to $112.33 million, leading to a net loss of $106.77 million and an EPS of -$1.40. EBITDA stood at an even larger negative $90.93 million, underscoring a heavy fixed-cost structure and non-cash or one-time charges embedded in operating and other expenses. The company generated limited profitability on product sales, while elevated other expenses contributed materially to the bottom line deterioration.
From a qualitative standpoint, the results reflect ongoing market headwinds for plant-based meat, including competitive pressure and channel costs, alongside Beyond Meat’s efforts to scale distribution, innovate its product lineup, and optimize its cost base. Absent a disclosed near-term turnaround plan or explicit profitability targets in the data provided, the near-term investment thesis hinges on the company’s ability to achieve operating leverage through revenue stabilization or growth and meaningful reductions in non-cash or non-operational costs. Investors should monitor management commentary for planned cost-reduction initiatives, channel strategy, and any updated guidance that could signal a path to margin recovery.