Beyond Meat, Inc. stock research
FY2026 Q1
Beyond Meat (BYND) Gross Margin & Quarterly History
Explore Beyond Meat, Inc. (BYND) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 28, 2026 · FY2026 Q1
Revenue was lower than the prior quarter and the same quarter last year. Gross profit turned positive from negative in both comparisons, while cost of revenue decreased, resulting in an improved gross margin.
- The most significant observable driver of the margin improvement was the reduction in cost of revenue relative to revenue, which reversed gross profit from negative to positive.
- Compared to the immediately preceding quarter, gross margin strengthened from negative to positive, driven by a larger proportional decline in cost of revenue compared to revenue. Versus the same quarter one year earlier, the margin also improved from negative to positive, with cost of revenue decreasing more than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
3.4%
Gross profit
$2.0M
Revenue
$58.2M
Cost of revenue
$56.2M
Quarter-over-quarter change
+15.0 pts
Year-over-year change
+13.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 28, 2025 | $75.0M | $8.6M | $66.4M | 11.5% |
| Sep 27, 2025 | $70.2M | $7.2M | $63.0M | 10.3% |
| Dec 31, 2025 | $61.6M | -$7.1M | $68.7M | -11.5% |
| Mar 28, 2026 | $58.2M | $2.0M | $56.2M | 3.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+15.0 pts
Year-over-year change
Mar 29, 2025
+13.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most significant observable driver of the margin improvement was the reduction in cost of revenue relative to revenue, which reversed gross profit from negative to positive.
Compared to the immediately preceding quarter, gross margin strengthened from negative to positive, driven by a larger proportional decline in cost of revenue compared to revenue. Versus the same quarter one year earlier, the margin also improved from negative to positive, with cost of revenue decreasing more than revenue.
Monitor the company's liquidity and capital resources, as discussed in the filing, including the status of the ATM program and the convertible notes exchange offer.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Beyond Meat, Inc. (BYND) | 3.4% |