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Beyond Meat Inc

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Beyond Meat Inc AI Insights

Informational only. Not investment advice.
As of 2025-12-10

Snapshot

  • Negative equity of -784M with 1.3B debt creates existential capital structure risk; debt is 14x market cap (94M)[Total Equity]
  • Burning 143M FCF TTM with only 117M cash remaining - runway under 12 months without capital raise[Free Cash Flow TTM]
  • Revenue down 13% YoY to 291M while gross margin collapsed to 8.5% vs industry median 30%[Gross Margin TTM]

Watch Triggers

  • Cash and Equivalents: Falls below 75MWould signal imminent capital raise or bankruptcy risk within 6 months
  • Gross Margin TTM: Rises above 15%First sign unit economics improving; currently 8.5% vs 30% industry median
  • Total Revenue 1Y Growth: Turns positiveRevenue declining 13% YoY - stabilization required before any turnaround thesis

Bull Case

Trading at 0.32x P/S vs industry median 0.78x - deep value if turnaround materializes; 225M working capital provides near-term buffer

P/S RatioWorking Capital

25M R&D spend maintained despite losses; capex cut to 16M from higher levels signals cost discipline

Research and Development TTMCapital Expenditure TTM

Bear Case

Operating margin -56% vs industry median +5% with gross profit down 49% YoY - unit economics broken at current scale

Operating Margin TTMGross Profit 1Y Growth

Negative equity (-784M) means equity holders wiped out in liquidation; 1.3B debt senior to 94M market cap

Total EquityTotal DebtMarket Cap TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

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Forward Thesis

Dilutive equity raise or debt restructuring likely within 6-12 months given cash burn trajectory

3-12mhigh
  • 117M cash vs 143M annual FCF burn
  • 1.3B debt with negative equity
  • No path to profitability visible
FCF TTM: -143MCash: 117M (8 months runway)Total Debt: 1.3B

Valuation Context

Caveats

Data Partners
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Fundamental company data provided by Morningstar, updated daily.

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