BEYOND MEAT, INC.
For the period ended Dec 31, 2025. Filed Apr 9, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 9, 2026
BYND$5.41-8.6%Stored close · as of Nov 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
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| BEYOND MEAT, INC. AND SUBSIDIARIES | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| (In thousands) | |||
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $219,024 | $(160,278) | $(338,144) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
| Loss from impairment of long-lived assets | 51,288 | — | — |
| Depreciation and amortization | 32,773 | 23,121 | 48,094 |
| Non-cash lease expense | 3,960 | 8,279 | 8,140 |
| Share-based compensation expense | 30,990 | 23,923 | 29,098 |
| Provision for credit losses | 1 | 221 | — |
| Amortization of debt issuance costs and debt discount | 4,987 | 3,934 | 3,934 |
| Loss on write-down and sale of fixed assets | 49,335 | 809 | 20,515 |
| Equity in losses of unconsolidated joint venture | 78 | 73 | 3,902 |
| Change in common stock warrant liability | (15,077) | — | — |
| Change in derivative liability | 12,288 | — | — |
| Write-down of note receivable | 136 | — | 3,795 |
| Gain on debt restructuring and exchange fees | (557,909) | — | — |
| Unrealized (gains) losses on foreign currency transactions | (12,066) | 5,113 | (1,822) |
| Paid-in-kind interest | 4,569 | — | — |
| Net change in operating assets and liabilities: | |||
| Accounts receivable | 1,650 | 4,193 | 2,717 |
| Inventories | 31,654 | 15,576 | 106,087 |
| Prepaid expenses and other current assets | (4,924) | 2,013 | 12,873 |
| Accounts payable | (15,204) | (20,564) | 3,004 |
| Accrued expenses and other current liabilities | 28,767 | 4,511 | (2,492) |
| Prepaid lease costs, non-current | (8,268) | (6,502) | (4,245) |
| Operating lease liabilities | (3,203) | (3,235) | (3,281) |
| Long-term liabilities | 220 | — | — |
| Net cash used in operating activities | $(144,931) | $(98,813) | $(107,825) |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment | $(12,308) | $(11,015) | $(10,564) |
| Proceeds from sale of fixed assets | 1,942 | 4,348 | 4,323 |
| Proceeds from note receivable on assets previously held for sale | 84 | — | — |
| Payments for investment in joint venture | — | — | (3,250) |
| Proceeds from security deposits | 32 | 435 | — |
| Net cash used in investing activities | $(10,250) | $(6,232) | $(9,491) |
| (continued on the next page) | |||
| BEYOND MEAT, INC. AND SUBSIDIARIES | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| (In thousands) | |||
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock pursuant to the ATM Program, net of issuance costs | $148,699 | $46,725 | $— |
| Proceeds from delayed draw term loans, net of issuance costs | 100,000 | — | — |
| Payment of debt issuance costs | (15,604) | — | — |
| Payment of equity issuance costs | (6,535) | — | — |
| Principal payments under finance lease obligations | (2,732) | (1,177) | (223) |
| Proceeds from exercise of stock options | 6 | 924 | 170 |
| Payments of minimum withholding taxes on net share settlement of equity awards | (424) | (695) | (497) |
| Net cash provided by (used in) financing activities | $223,410 | $45,777 | $(550) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 68,229 | (59,268) | (117,866) |
| Cash, cash equivalents and restricted cash at the beginning of the period | 145,554 | 205,935 | 322,549 |
| Effect of foreign currency exchange rate changes on cash | 3,748 | (1,113) | 1,252 |
| Cash, cash equivalents and restricted cash at the end of the period | $217,531 | $145,554 | $205,935 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid (received) during the period for: | |||
| Interest | $— | $— | $— |
| Taxes | $— | $6 | $(1) |
| Non-cash investing and financing activities: | |||
| Issuance of common stock in conjunction with the exchange of 2027 Notes | $214,568 | $— | $— |
| Re-classification of prepaid issuance costs to additional paid-in-capital related to ATM program | $1,961 | $— | $— |
| Issuance of 2030 Notes in conjunction with the exchange of 2027 Notes, including PIK | $334,151 | $— | $— |
| Conversion of 2030 Notes to common stock | $3 | $— | $— |
| Issuance of common stock warrants in connection with delayed draw term loans | $16,506 | $— | $— |
| Non-cash additions to property, plant and equipment | $551 | $3,428 | $909 |
| Issuance costs of convertible debt, accrued not yet paid | $187 | $— | $— |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $1,877 | $1,755 | $36,400 |
| Reclassification of pre-paid lease costs to operating lease right-of-use assets | $— | $131 | $28,082 |
| Reclassification of pre-paid lease costs to finance lease right-of-use assets | $19,929 | $— | $— |
| Reclassification of operating lease right-of-use assets to finance lease right-of-use assets | $115,557 | $— | $— |
| Non-cash addition to financing leases | $10,239 | $4,308 | $— |
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