BYND Q3 2026 Total net revenues $64.529 million ($64.5 million rounded), Beat Guidance by +$2.0M
BYND beat prior Q3 2026 Total net revenues guidance by +$2.0M. Gross profit was $12.4 million, or a 19.3% margin; loss from operations was $93.0 million, net loss was $82.8 million, and Adjusted EBITDA was a $24.6 million loss. The company limited its forward outlook to Q4 2026 total net revenues of approximately $54 million-$59 million, with a $56.5 million midpoint. The release also disclosed a $15.0 million 2027 Notes exchange for common stock and corrected 2025 interim comparatives for inventory valuation, d...
Guidance comparison
Forward guidance
Key takeaways
Revenue versus guidance: Third-quarter total net revenues of $64.5 million beat the prior $60 million-$65 million range midpoint of $62.5 million by $2.0 million, or 3.2%, and declined 8.1% year over year.
Channel performance: International retail revenue increased 13.3% to $17.9 million; U.S. retail revenue fell 13.2% to $24.8 million, U.S. foodservice revenue fell 9.7% to $9.5 million, and international foodservice revenue fell 19.4% to $12.4 million.
Gross margin: Gross profit increased to $12.4 million from $5.2 million and gross margin increased to 19.3% from 7.4%.
Operating result: Loss from operations was $93.0 million, including $57.1 million of long-lived asset impairment and $20.8 million of accelerated rent, partly offset by a $21.8 million litigation-related accrual credit.
Net result: Net loss was $82.8 million, or $(4.32) per basic and diluted share, compared with a $97.0 million net loss and $(37.96) per share.
Adjusted EBITDA: The loss was $24.6 million, or (38.1)% of revenue, compared with a $33.5 million loss, or (47.7)% of revenue.
Cash and debt: Nine-month operating cash use was $37.3 million; cash and restricted cash was $169.3 million and debt carrying value was $313.9 million at quarter-end, after a $15.0 million 2027 Notes exchange for approximately 1.55 million shares.
Key metrics
Disclosure changes
- Correction of previously issued interim financial statements
The release presents corrected 2025 comparatives: Q3 gross profit was $5.228 million, net loss was $97.008 million, and basic and diluted EPS was $(37.96); nine-month gross profit was $6.222 million, net loss was $189.940 million, and EPS was $(74.53). The corrections involved inventory valuation, debt issuance costs, and the previously disclosed impairment of long-lived assets.
The corrected comparatives change the base for Q3 and nine-month year-over-year results; nine-month operating cash use was also corrected to $(101.151) million from $(98.138) million. - Campus Headquarters partial lease termination
During Q3 2026, the partial lease termination of a portion of the Campus Headquarters generated $20.8 million of non-cash accelerated rent expense, consisting of $10.2 million in research and development expenses and $10.6 million in selling, general and administrative expenses.
The transaction added a non-cash operating charge while reducing the company's long-term lease obligations.
Primary source
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