Beyond Meat, Inc. stock research
FY2025 Q3
Beyond Meat (BYND) Gross Margin — Quarter Ended Sep 27, 2025
Revenue declined compared to the prior quarter and the same quarter last year. Gross profit decreased more than revenue, causing gross margin to weaken.
Gross margin takeaway
Quarter ended Sep 27, 2025 · FY2025 Q3
Revenue declined compared to the prior quarter and the same quarter last year. Gross profit decreased more than revenue, causing gross margin to weaken.
- The decline in gross profit relative to revenue was the primary factor compressing gross margin, as cost of revenue did not decline proportionally.
- Compared to the immediately preceding quarter, gross margin was lower; compared to the same quarter one year ago, gross margin was also significantly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
10.3%
Gross profit
$7.2M
Revenue
$70.2M
Cost of revenue
$63.0M
Quarter-over-quarter change
-1.2 pts
Year-over-year change
-7.4 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 |
|---|---|---|---|---|
| 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% |
| Sep 27, 2025 | $70.2M | $7.2M | $63.0M | 10.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 28, 2025
-1.2 pts
Year-over-year change
Sep 28, 2024
-7.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross profit relative to revenue was the primary factor compressing gross margin, as cost of revenue did not decline proportionally.
Compared to the immediately preceding quarter, gross margin was lower; compared to the same quarter one year ago, gross margin was also significantly lower.
Monitor the company's utilization of its at-the-market equity offering program, as described in the filing, for liquidity purposes.