Beyond Meat, Inc. stock research
FY2025 Q2
Beyond Meat (BYND) Gross Margin — Quarter Ended Jun 28, 2025
Revenue rose and cost of revenue fell from the previous quarter, turning gross profit positive and lifting gross margin. Compared to the same quarter last year, revenue and gross profit were lower, and gross margin weakened; the filing includes standard risk factors and an at-the-market offering program.
Gross margin takeaway
Quarter ended Jun 28, 2025 · FY2025 Q2
Revenue rose and cost of revenue fell from the previous quarter, turning gross profit positive and lifting gross margin. Compared to the same quarter last year, revenue and gross profit were lower, and gross margin weakened; the filing includes standard risk factors and an at-the-market offering program.
- The margin improvement was driven by a lower cost of revenue alongside higher revenue, reversing a prior-quarter loss.
- Compared to the prior quarter, gross margin improved from negative to positive. Versus the same quarter last year, gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
11.5%
Gross profit
$8.6M
Revenue
$75.0M
Cost of revenue
$66.4M
Quarter-over-quarter change
+21.5 pts
Year-over-year change
-3.3 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 |
|---|---|---|---|---|
| Sep 28, 2024 | $81.0M | $14.3M | $66.7M | 17.7% |
| Dec 31, 2024 | $76.7M | $10.0M | $66.7M | 13.1% |
| Mar 29, 2025 | $68.7M | -$6.9M | $75.7M | -10.1% |
| Jun 28, 2025 | $75.0M | $8.6M | $66.4M | 11.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 29, 2025
+21.5 pts
Year-over-year change
Jun 29, 2024
-3.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The margin improvement was driven by a lower cost of revenue alongside higher revenue, reversing a prior-quarter loss.
Compared to the prior quarter, gross margin improved from negative to positive. Versus the same quarter last year, gross margin was lower.
Monitor whether the cost of revenue can remain at its current level relative to revenue.