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Beyond Meat, Inc. (NASDAQ: BYND) is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company’s offerings include the Beyond Burger, Beyond Steak, and Beyond Chicken products, formulated to provide taste and texture similar to meat without animal ingredients. Beyond Meat’s mission is to "find a better way to feed the planet" by addressing human health, climate change, natural-resource constraints, and animal welfare.
Corporate Structure
Headquartered in El Segundo, California, Beyond Meat operates as a public company (CIK: 0001655210) on the Nasdaq exchange. As of 2025, the company employs approximately 730 people across research and development, manufacturing, sales, and corporate functions. Leadership is headed by founder and CEO Ethan Brown, supported by a board of directors elected through annual proxy processes (filing types PRE 14A, DEFA14A filed 2025-09-29).
Plant-based meat by LikeMeat
Recent Developments and News
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Debt Exchange Offer (2025-09-29)
On September 29, 2025, Beyond Meat launched an exchange offer for its outstanding 0% Convertible Senior Notes due March 2027. Holders may tender up to $202.5 million in principal for new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and up to 326,190,370 shares of common stock. Terms vary by tender date:Participation Window Cash Consideration ($/ $1,000) Shares per $1,000 Principal Early Tender (by October 10) 176.087 283.6438 Late Tender (Oct 11–Oct 28) 170.804 283.6438 The company must receive tenders for at least 85 percent of the 2027 notes for the transaction to proceed. Early settlement is expected by October 15, and final settlement by October 30.
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Stock Performance (2025-10-20)
On October 20, 2025, BYND closed at $0.9985, up 54.66 percent for the day, on a volume of 55,717,862 shares traded on the Nasdaq. -
Liquidity and Working Capital
According to second-quarter results (period ended June 28, 2025), cash and cash equivalents stood at $103 million, down from $132 million at year-end 2024. Data from Creditsafe shows Beyond Meat’s days beyond terms (DBT) for supplier payments rose from 8 days in August 2024 to 19 days in July 2025. Total debt obligations are estimated at $1.2 billion. In May 2025, the company secured a $100 million investment from a plant-based nonprofit. -
Brand Recognition and Partnerships
- Inclusion in Time’s “World’s Best Brands 2025” (October 2025)
- Glyphosate Residue Free certification for Beyond Burger, Beyond Beef, Beyond Steak, and Beyond Chicken Pieces
- Official partnership with the Premier Lacrosse League
- Launch of Beyond Steak Filet at BOA Steakhouse, reviewed positively for taste and nutrition
- Beyond Chicken Pieces named “Best Supermarket Product of 2025” by People Magazine
Financial and Strategic Analysis
As of trailing twelve months (TTM) through June 28, 2025:
- Revenue: $301.35 million
- Net loss: $153.6 million (profit margin –50.97 percent)
- Diluted EPS: –$2.14
- Total cash: $103.5 million
- Levered free cash flow: –$78.15 million
- Market cap (intraday): ~$49.6 million
- Average daily volume: ~19.94 million shares
Beyond Meat faces significant near-term debt maturities, including $1 billion in convertible bonds due March 2027 trading at approximately 17 cents on the dollar. The debt exchange offer aims to convert unsecured notes into secured second-lien notes and equity, remove restrictive covenants, and provide interest-payment flexibility (cash or stock). Management targets an EBITDA breakeven by the end of 2026 but requires consistent volume growth and improved factory utilization. Cost-cutting measures have included workforce reductions totaling approximately 25 percent of staff since October 2022 and halting operations in China in February 2025.
Market Position and Industry Context
Beyond Meat competes in the plant-based protein category, which includes competitors such as Impossible Foods. Despite broad retail and foodservice distribution—over 27,000 U.S. retail outlets and availability in 65 countries—category growth has slowed. Beyond Meat’s revenue has increased by approximately 10 percent over the past six years, reflecting challenges in converting consumer trial into repeat purchases due to concerns about processing levels and price premiums versus animal-based proteins. Younger consumers remain the primary adopters, while partnerships with sports leagues and restaurant chains aim to enhance mainstream acceptance. Economic factors, including inflation and supply chain pressures, contribute to heightened competition from both plant-based entrants and traditional meat producers offering alternative options.
tl;dr
On September 29, 2025, Beyond Meat initiated an exchange offer for up to $202.5 million of its 0% Convertible Senior Notes due 2027, aiming to replace them with 7% Convertible Senior Secured PIK Toggle Notes due 2030 and common shares. Early tender by October 10 yields $176.087 per $1,000 principal plus 283.6438 shares; final tender by October 28 offers $170.804 plus the same equity. The stock increased by 54.66 percent to $0.9985 on October 20 amid heavy trading. As of June 28, the company held $103 million in cash against $1.2 billion in debt, and supplier-payment delays reached 19 days in July. Brand initiatives, including TIME’s World’s Best Brands 2025, product certifications, and awards from People Magazine, along with league partnerships, aim to strengthen demand ahead of debt maturities and the final exchange settlement on October 30.
