Beyond Meat Q4 Revenue Miss, Gross Margin Plunges to 2.3%
Beyond Meat posted a Q4 net loss per share of $0.29 on $61.6M revenue, down 19.7% year-over-year and missing the $63M estimate as gross margin plunged to 2.3% from 13.1%. Operating loss reached $132.7M while adjusted EBITDA was negative $69M, and Q1 revenue guidance is $57M–$59M.
1. Q4 Financial Results
Beyond Meat recorded a net loss per share of $0.29 on revenue of $61.6 million, missing the $63 million forecast and marking a 19.7% year-over-year decline. Gross profit fell to $1.4 million, driving gross margin down to 2.3% from 13.1% in Q4 2024.
2. Operating Losses and Charges
The company’s operating loss widened to $132.7 million, or a -215.5% operating margin, due to non-cash inventory provisions, discontinued product lines and the cessation of certain China operations. Adjusted EBITDA was negative $69 million, equivalent to -112.1% of revenue, as restructuring and litigation expenses accumulated.
3. Debt Restructuring Impact
Beyond Meat reported net income of $409.9 million, stemming from a $548.7 million non-cash gain on debt restructuring that offset operational losses. This gain improved the company’s leverage profile and extended debt maturities.
4. Outlook and Strategic Shift
Management expects first-quarter revenue of $57 million to $59 million and is implementing cost cuts, streamlining operations and diversifying into new categories like the Beyond Immerse beverage line. The focus remains on stabilizing top-line performance and expanding margins.