BEYOND MEAT, INC. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 62/100
What the filing says
Beyond Meat reported Q3 2026 total net revenues of $64.5M (down 8.1% YoY from $70.2M), with gross margin improving to 19.3% vs 7.4% prior year. Net loss was $82.8M vs $97.0M YoY. Key charges included $57.1M non-cash asset impairment, $20.8M accelerated rent from partial Campus HQ lease termination, and $5.5M incremental share-based comp from October 2025 convertible note exchange. Company exchanged $15.0M of 2027 Notes for ~1.55M shares on Sept 23, 2026, with $14.5M principal remaining (due March 2027). Cash balance: $169.3M; total debt carrying value: $313.9M. Q4 2026 guidance: $54M–$59M revenue.
Why this rating
Material deterioration in core business (8% revenue decline, volume down 10.9%) offset partly by margin recovery. Large non-cash charges (~$78M impairments + lease costs) and looming $14.5M debt maturity in Q1 2027 create near-term refinancing pressure. Significant dilution from convertible exchanges (19M vs 2.6M shares YoY). Relative to $241M market cap, these issues are meaningful but not yet going-concern level given $169M cash.
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