Beyond Meat reports US$110.7M loss in third quarter amid China shutdown

USA – Beyond Meat posted a net loss of US$110.7 million, or US$1.44 per share, for the third quarter of 2025, exceeding three times the US$26.6 million (US$0.41 per share) loss reported in the same period last year.

Losses from operations reached US$112.3 million, representing an operating margin of -160 percent, up from a loss of US$30.9 million and -38.2 percent in Q3 2024.

The release of the third-quarter financial report was delayed as the company worked to complete certain assessments, pushing back initial expectations for last week.

Beyond Meat’s net revenue fell 13.3 percent year-on-year to US$70.2 million, while gross profit dropped from US$14.3 million to US$7.2 million over the same period.

Adjusted EBITDA showed a loss of US$21.6 million, equivalent to -30.8 percent of net revenue, compared with a US$19.8 million loss, or -24.4 percent of net revenue, in the third quarter of 2024.

The company cited the suspension and substantial scaling back of operations in China as a key factor affecting results, noting that these activities added US$1.7 million in expenses that weighed on gross profit.

Net loss also included US$81.2 million in costs associated with halting operations in China, as well as non-recurring selling, general, and administrative expenses and other one-time factors.

Beyond Meat President and CEO Ethan Brown said the company is pursuing cost reductions, investments to expand gross margins, and targeted growth initiatives as part of a plan to improve operational sustainability.

Brown acknowledged that challenges in the broader plant-based category and weaker revenue trends continue to affect performance, but said the company has strengthened its balance sheet and made progress on key operational transformations.

The company’s financial results illustrate the continuing difficulties faced by plant-based meat producers in managing international expansion while navigating market pressures at home and abroad.

Revenue declines and escalating losses underscore the impact of external disruptions on Beyond Meat’s efforts to stabilize its business and pursue growth in a competitive sector.

This third-quarter report raises questions about how quickly Beyond Meat can restore profitability and manage operational risks, particularly in markets like China where the company has faced regulatory and logistical hurdles.

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