Beyond Meat Inc. (NASDAQ: BYND) announced it will delay filing its Annual Report on Form 10-K for the year ended December 31, 2025, citing the need for additional time to complete a review and analysis of inventory balances, including provisions for excess and obsolete inventory.

The plant-based meat company expects to file the annual report no later than March 31, 2026, though the timing remains subject to potential further delays. The company has not determined the potential impact on its financial statements from the inventory review.

Beyond Meat expects to report a material weakness in internal control over financial reporting as of December 31, 2025, related to controls for inventory provision accounting. Management stated the company's internal control over financial reporting and disclosure controls were not effective as of that date.

The company will report fourth quarter and full year 2025 financial results on March 25, 2026, after market close, followed by a conference call at 5:00 p.m. Eastern time.

Beyond Meat provided preliminary unaudited estimates showing fourth quarter net revenues of approximately $61 million, within its previous guidance range of $60 million to $65 million. Full year 2025 net revenues are estimated at approximately $275 million.

The company emphasized these preliminary results are estimates subject to completion of financial closing procedures and audit adjustments. The independent registered public accounting firm has not reviewed these preliminary estimates.

Information is based on a company press release statement.