BEYOND MEAT, INC.BYND

BEYOND MEAT, INC. Segments Disclosure

10-KFiled Apr 9, 20263 min read
Segment Information
The Company operates in one segment in the plant-based meat industry, offering a portfolio of revolutionary plant-based meats.
In accordance with ASC 280, “Segment Reporting”, the Company’s Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company, has been identified as the CODM.
The Company derives revenue primarily in North America and Europe and manages the business activities on a consolidated basis. The Company’s CODM allocates resources and assesses performance at the consolidated level. As the Company operates in one segment, entity-wide segment disclosures about products and services, and major customers are the same as what has been presented elsewhere in this report and in the accompanying consolidated financial statements.
The accounting policies of the segment are the same as those described in Note 2. On a quarterly basis, the CODM reviews the GAAP measure of consolidated net income (loss) as the measure of the segment’s performance and for determining the allocation of resources.
The following table presents the details of the significant segment expenses, segment net revenues, and the segment performance measure, net loss, in the periods indicated.
Year Ended December 31,
202520242023
Net revenues$275,496 $326,452 $343,376 
Less:
Cost of goods sold267,850 284,753 426,031 
Research and development expenses23,235 28,149 39,530 
Selling expenses25,684 30,129 33,960 
Marketing expenses32,538 43,058 57,477 
General and administrative expenses159,535 96,487 112,268 
Loss on write-down of assets held for sale48,987 — 16,639 
Loss from impairment of long-lived assets51,288 — — 
Interest expense14,028 4,097 3,955 
Remeasurement of warrant liability(15,077)— — 
Remeasurement of derivative liability12,288 — — 
Gain on debt restructuring, net of exchange fees(548,651)— — 
Equity in losses of unconsolidated joint venture78 73 3,902 
Other segment items(1)
(15,311)(16)(12,242)
Net income (loss)$219,024 $(160,278)$(338,144)
___________
(1) Includes Other, net and Income tax (benefit) expense as reported in our consolidated statements of operations. Other, net includes $3.5 million, $6.0 million and $10.8 million in interest income in the years ended December 31, 2025, 2024 and 2023, respectively. See the accompanying consolidated financial statements for other financial information regarding the Company's operating segment.
Long-lived assets include property, plant and equipment and operating lease right of use assets. The following table presents long-lived assets that cannot be readily removed in the Company’s business units as of the periods presented:
December 31, 2025December 31, 2024
U.S.$202,097 $275,920 
Canada(1)
1,786 2,148 
EU B.V. (the Netherlands)12,600 15,359 
China (Jiaxing)(2)
2,440 15,435 
Consolidated long-lived assets$218,923 $308,862 
____________
(1) The Company’s Canada region serves as an extension of the U.S. sales organization.
(2) Assets in the Company’s China subsidiary are held for sale as of December 31, 2025 as a result of the Company’s decision to indefinitely cease all operational activities in China and are excluded from the amounts herein.

See the accompanying consolidated financial statements for other financial information regarding the Company’s operating segment.
Net Revenues by Geographic Area
The Company’s revenues are attributed to the country where the products are delivered. For disclosure about the segment’s net revenues by geographic area, see Note 2. In 2025, net revenues from the U.S., Canada and the Netherlands amounted to approximately 59%, 11% and 10%, respectively, of the total net revenues. In 2024, net revenues from the U.S. amounted to approximately 61% of the total net revenues. No other country accounted for net revenues of 10% or more in 2025 or 2024.

Historical Timeline

Fiscal YearFiled
2025Apr 9, 2026Showing above
2024Mar 5, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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