Beyond Meat® Reports Delay of Annual Report on Form 10-K for the Full Year Ended December 31, 2025

Core Viewpoint - Beyond Meat is delaying the filing of its Annual Report on Form 10-K for the full year ended December 31, 2025, due to the need for additional time to review inventory balances, including provisions for excess and obsolete inventory [1][2]. Financial Results - The company expects to report net revenues of approximately $61 million for the fourth quarter ended December 31, 2025, aligning with previous guidance of $60 million to $65 million [8]. - For the full year ended December 31, 2025, net revenues are anticipated to be around $275 million [8]. Internal Control Issues - Management has identified a material weakness in internal control over financial reporting related to inventory provision as of December 31, 2025 [3]. - The company is reviewing its internal control procedures and developing a remediation plan due to these weaknesses [3]. Filing Timeline - The company aims to finalize its review and file the Annual Report on Form 10-K by March 31, 2026, although this date may be subject to further delays [2][4].