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Jun 28
Beyond Meat Q2 2025 Earnings Report
Beyond Meat reported its second quarter 2025 financial results, showing a decrease in net revenues and continued operating losses, primarily due to softness in the plant-based meat category.
Key Takeaways
Beyond Meat experienced a challenging second quarter in 2025, with net revenues decreasing by 19.6% year-over-year to $75.0 million. The company reported a net loss of $29.2 million and an Adjusted EBITDA loss of $22.1 million, reflecting ongoing weak demand in the plant-based meat category, particularly in the U.S. retail channel and certain international foodservice markets. The company is implementing cost-reduction measures, including a workforce reduction, to address the difficult operating environment.
Net revenues decreased by 19.6% year-over-year to $75.0 million, primarily due to an 18.9% decrease in volume of products sold.
The company reported a net loss of $29.2 million, or $0.38 per common share, an improvement from a $34.5 million net loss in the prior year.
Adjusted EBITDA was a loss of $22.1 million, or -29.5% of net revenues, compared to a loss of $23.0 million in the year-ago period.
Beyond Meat is implementing a workforce reduction of approximately 6% of its total global workforce in North America to reduce operating expenses and strengthen its financial profile.
Beyond Meat
Beyond Meat
Beyond Meat Revenue by Segment
Beyond Meat Revenue by Geographic Location
Revenue by Segment
U.S. Retail Revenue
CapyFin.comU.S. Foodservice Revenue
CapyFin.comInternational Retail Revenue
CapyFin.comInternational Foodservice Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Beyond Meat continues to face significant uncertainty in its operating environment and is not providing full-year guidance. However, it has provided a net revenue outlook for the third quarter of 2025.
Positive Outlook
- Accelerating transformation activities to reduce operating expenses.
- Prioritizing increased distribution of core product lines.
- Investing in margin expansion initiatives across core products.
- Expanding partnership with AlixPartners and appointing an interim Chief Transformation Officer.
- Implementing workforce reduction expected to result in $5.0 million to $6.0 million in cash compensation expense savings over the next twelve months.
Challenges Ahead
- Ongoing softness in the plant-based meat category, particularly in the U.S. retail channel and certain international foodservice markets.
- Elevated level of uncertainty within the operating environment.
- Not providing full-year guidance due to uncertainty.
- Expected net revenues for Q3 2025 are in the range of $68 million to $73 million, indicating continued decline from Q2.
- Incurring one-time cash charges of approximately $0.8 million to $1.3 million in connection with the workforce reduction.
Revenue & Expenses
Visualization of income flow from segment revenue to net income