Beyond Meat Inc. (NASDAQ: BYND) announced it will postpone reporting its fourth quarter and full year 2025 financial results until March 31, 2026, citing the need for additional time to complete financial close procedures and address material weaknesses in internal controls.

The plant-based protein company identified a material weakness in internal control over financial reporting as of December 31, 2025, specifically related to controls for accounting for inventory provisions, including excess and obsolete inventory amounts. The company had previously disclosed other material weaknesses in its internal controls.

During its review process, Beyond Meat discovered errors in its previously issued financial statements for the first three quarters of 2025. The errors resulted in understated cost of goods sold and certain selling, general and administrative expenses, along with an overstated loss from impairment in the third quarter of 2025.

Management believes these errors are immaterial to the previously issued quarterly financial statements for the first three quarters of 2025 and plans to correct them prospectively when filing quarterly reports in fiscal 2026. The company will provide additional information about the prospective corrections in its Form 10-K filing expected on March 31, 2026.

Beyond Meat will host a conference call to discuss its fourth quarter and full year 2025 financial results at 5:00 p.m. Eastern time on March 31, 2026. The company also expects to file its Annual Report on Form 10-K for the year ended December 31, 2025, after market close on the same day.

The announcement reflects ongoing challenges with the company's financial reporting processes and internal control systems.