Beyond Meat Inc 2025年季度报告

FORM10-Q (Mark One) BEYOND MEAT, INC.(Exact name of registrant as specified in its charter) 888 N. Douglas Street, Suite 100El Segundo,CA90245(Address, including zip code, of principal executive offices) (866)756-4112(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☒ As of May7, 2025, the registrant had76,471,415shares of common stock, $0.0001 par value per share, outstanding. Note Regarding Forward-Looking Statements This report includes forward-looking statements within the meaning of the federal securities laws that involve risks anduncertainties concerning the business, products and financial results of Beyond Meat, Inc. (including its subsidiaries unlessthe context otherwise requires, “Beyond Meat,” “we,” “us,” “our” or the “Company”). We have based these forward-lookingstatements largely on our current opinions, expectations, beliefs, plans, objectives, assumptions and projections about futureevents and financial trends affecting the operating results and financial condition of our business. Forward-looking statementsshould not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of thetimes at, or by, which such performance or results will be achieved. Forward-looking statements are based on informationavailable at the time those statements are made and/or management’s good faith belief as of that time with respect to futureevents, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from thoseexpressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, butare not limited to: •the sufficiency of our cash and cash equivalents to meet our liquidity needs, including estimates of our expenses,future revenues, capital expenditures and capital requirements;•our ability to obtain additional equity or debt financing, the terms of any such financing, and our ability to bolster andrestructure our balance sheet;•the availability of our ATM Program (as defined below);•risks related to our significant debt, including our ability to repay our indebtedness, limitations on our cash flows fromoperating activities and our ability to satisfy our obligations under our convertible senior notes (the “Notes”) and underour Loan and Security Agreement (as defined below); our ability to refinance the Notes; our ability to raise the fundsnecessary to repurchase the Notes for cash, under certain circumstances, or to pay any cash amounts due uponconversion; the significant dilution to existing stockholders that will result if we exchange any portion of ouroutstanding Notes for equity or if the lenders under the Loan and Security Agreement exercise their related warrantsto purchase shares of our common stock (the “Warrants”), as further described herein; provisions in the indenturegoverning the Notes and the Loan and Security Agreement delaying or preventing an otherwise beneficial takeover ofus; and any adverse impact on our reported financial condition and results from the accounting methods for the Notes;•a further decrease in demand, and the underlying factors negatively impacting demand, in the plant-based meatcategory, including the exacerbation of weakness in the category by the macroeconomic trends discussed in thisreport;•the impact of general economic conditions in the U.S. and international markets on us, our customers, our suppliers,our vendors and consumers, including concerns related to high inflation, geopolitical and econom