Beyond Meat, Inc. (NASDAQ: BYND)

Beyond Meat is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats and other innovative plant-based food and beverage products. The company develops plant-based meat products using proprietary scientific processes to replicate the architecture of animal-based meat using plant-derived amino acids, lipids, carbohydrates, trace minerals and water. Beyond Meat focuses on delivering products that are nutritionally dense with fewer negative attributes relative to animal protein alternatives while advancing its mission to create meat from plants that is indistinguishable in taste and texture from its animal-based equivalent.

Beyond Meat generates revenue through the sale of its plant-based meat products across three core platforms: beef, pork and poultry. The company sells its products in ready-to-cook and ready-to-heat formats through mainstream grocery, mass merchandiser, club store and natural retailer channels, as well as food-away-from-home channels including restaurants, foodservice outlets and schools. Additionally, Beyond Meat offers certain products for a limited time exclusively through its direct-to-consumer Beyond Test Kitchen channel, which launched in the fourth quarter of 2025.

The company operates through the following segments: Plant-based meat.

• Plant-based meat - This segment encompasses the development, production and sale of plant-based meat products designed to mimic animal-based beef, pork and poultry. The segment includes products such as Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken Pieces, Beyond Chicken Tenders and Beyond Chicken Nuggets, all created using plant-derived proteins like pea, rice, faba bean, soy and wheat gluten, combined with avocado oil and other plant-based ingredients to replicate the taste, texture and nutritional profile of animal meat.

Beyond Meat operates in a highly competitive environment, facing competition from conventional animal-protein companies such as Cargill, Hormel Foods, JBS, Perdue Foods and Tyson Foods, as well as plant-based meat brands including Impossible Foods Inc., Gardein (Conagra), Lightlife and Field Roast (Maple Leaf Foods), Boca Foods (Kraft Heinz) and Sweet Earth (Nestlé S. A.). The company believes it competes effectively on factors such as taste, price, nutritional profile, ingredients, texture, convenience, versatility, brand awareness and innovation, though many competitors have substantially greater financial resources, broader market presence and longer operating histories.

Beyond Meat sells to a variety of customers in the retail and foodservice channels throughout the United States and internationally, primarily through distributors who purchase, store, sell and deliver its products. The company also sells directly to customers in retail and foodservice channels who handle their own distribution. In 2025, DOT Foods, Inc. accounted for approximately 13% of Beyond Meat's gross revenues, with no other distributor or customer exceeding 10% of gross revenues that year.