Beyond Meat (BYND) 10-K Summary — Year Ended Dec 31, 2023
Beyond Meat filed its annual report. The company experienced a decline in revenue and reported a net loss and negative operating cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Beyond Meat filed its annual report. The company experienced a decline in revenue and reported a net loss and negative operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$343.4M
Revenue reported for the fiscal year.
Operating income
-$341.9M
Income from operations reported for the year.
Net income
-$338.1M
Net income reported for the year.
Operating cash flow
-$107.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $464.7M | n/a |
| Dec 31, 2022 | $418.9M | -9.8% |
| Dec 31, 2023 | $343.4M | -18.0% |
Business overview
Beyond Meat is a plant-based meat company. Its business is described in the filing's business overview section. The company operates in the alternative protein industry.
Financial performance
Revenue declined compared to the prior year. The company reported an operating loss and a net loss. Operating cash flow was negative.
Material risks
The filing includes a risk factors section. The company faces risks related to its financial performance and market conditions. Specific risks are detailed in the filing.
Liquidity and capital
The company established an at-the-market offering program but had not sold any shares under it as of the end of the period. It also has outstanding convertible senior notes issued in a prior year.
What to watch
Whether the company will utilize its at-the-market offering program in the next filing.