Beyond Meat’s stock crashes below $1 as revenue drops 13.3% in Q3 2025
Beyond Meat is grappling with significant financial hurdles, as its stock price hovers around $0.98. The plant-based meat manufacturer has witnessed a 13.3% drop in revenue during the latest quarter, leading to a substantial restructuring. Most analysts have downgraded the stock to a 'Sell' rating as the company strives to stabilize its operations.
The company's financial struggles became evident in the third quarter of 2025, when revenue plummeted to $70.2 million—a 13.3% decrease from the previous year. This downturn has pushed Beyond Meat into penny-stock territory, with shares trading below $1. The situation has also sparked significant short interest, with approximately 31.35% of its float—around 139.9 million shares—currently sold short.
To tackle its financial instability, Beyond Meat has revamped its debt. The company introduced 'Second Lien PIK Toggle Notes', which allow interest payments to be made in cash or as payment-in-kind (PIK). Furthermore, its European subsidiary, Beyond Meat EU B.V., has been added as a guarantor for secured convertible second-lien bonds due in 2030. In response to a 'material weakness' identified in its financial reporting, Beyond Meat has appointed a new financial leader. Tony Kalajian, a 55-year-old certified public accountant, was named Chief Accounting Officer and principal accounting officer on January 12, 2026. His experience includes senior roles at Quantem Healthcare, Calidi Biotherapeutics, Oncocyte Corporation, and PricewaterhouseCoopers.
Beyond Meat's restructuring efforts aim to bolster its finances amidst declining revenue and a weakened stock price. The appointment of Tony Kalajian indicates a push to fortify internal controls, while the debt adjustments provide some flexibility in managing payments. With short interest remaining high, the company's next steps will be closely monitored by investors.
