8-K Announcements
6May 6, 2026·SEC
Feb 25, 2026·SEC
Jan 7, 2026·SEC
Zevia PBC (ZVIA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Zevia PBC (ZVIA) stock price & volume — 10-year historical chart
Zevia PBC (ZVIA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Zevia PBC (ZVIA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.03vs $0.03+0.0% | $46Mvs $41M+12.5% |
| Q1 2026 | Feb 25, 2026 | $0.02vs $0.03+33.3% | $38Mvs $40M-5.7% |
| Q4 2025 | Nov 5, 2025 | $0.04vs $0.06+33.3% | $41Mvs $40M+2.2% |
| Q3 2025 | Aug 6, 2025 | $0.01vs $0.05+80.0% | $45Mvs $41M+9.6% |
Zevia PBC (ZVIA) competitors in Global Soft Drink Brand Owners — business model, growth, and fundamentals comparison
Zevia PBC (ZVIA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Zevia PBC (ZVIA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 85.56M | 110.03M | 138.17M | 163.18M | 166.42M | 155.05M | 161.26M | 169.33M |
| Revenue Growth % | - | 28.59% | 25.58% | 18.1% | 1.99% | -6.83% | 4.01% | 9.76% |
| Cost of Goods Sold | 48.66M | 60.52M | 74.23M | 93.16M | 91.67M | 83.12M | 84.71M | 89.52M |
| COGS % of Revenue | 56.87% | 55.01% | 53.72% | 57.09% | 55.08% | 53.61% | 52.53% | - |
| Gross Profit | 36.9M▲ 0% | 49.5M▲ 34.2% | 63.94M▲ 29.2% | 70.02M▲ 9.5% | 74.76M▲ 6.8% | 71.93M▼ 3.8% | 76.55M▲ 6.4% | 79.81M▲ 0% |
| Gross Margin % | 43.13% | 44.99% | 46.28% | 42.91% | 44.92% | 46.39% | 47.47% | 47.13% |
| Gross Profit Growth % | - | 34.15% | 29.17% | 9.51% | 6.77% | -3.78% | 6.43% | - |
| Operating Expenses | 42.35M | 54.98M | 151.37M | 117.89M | 103.7M | 95.58M | 86.17M | 84.35M |
| OpEx % of Revenue | 49.5% | 49.97% | 109.55% | 72.24% | 62.31% | 61.65% | 53.44% | - |
| Selling, General & Admin | 41.57M | 54.05M | 150.37M | 116.54M | 102.09M | 92.12M | 82.41M | 82.98M |
| SG&A % of Revenue | 48.58% | 49.12% | 108.83% | 71.42% | 61.34% | 59.41% | 51.1% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 786K | 932K | 997K | 1.35M | 1.61M | 3.47M | 3.76M | 1.37M |
| Operating Income | -5.45M▲ 0% | -5.48M▼ 0.4% | -87.43M▼ 1495.9% | -47.87M▲ 45.2% | -28.94M▲ 39.5% | -23.65M▲ 18.3% | -9.62M▲ 59.3% | -5.61M▲ 0% |
| Operating Margin % | -6.37% | -4.98% | -63.27% | -29.33% | -17.39% | -15.26% | -5.97% | -3.31% |
| Operating Income Growth % | - | -0.44% | -1495.95% | 45.25% | 39.54% | 18.27% | 59.33% | - |
| EBITDA | -4.67M | -4.55M | -86.43M | -46.52M | -27.33M | -22.32M | -8.75M | -4.82M |
| EBITDA Margin % | -5.46% | -4.13% | -62.55% | -28.51% | -16.42% | -14.4% | -5.43% | -2.85% |
| EBITDA Growth % | - | 2.61% | -1801.21% | 46.17% | 41.26% | 18.31% | 60.79% | 77.57% |
| D&A (Non-Cash Add-back) | 786K | 932K | 997K | 1.35M | 1.61M | 1.33M | 868K | 784K |
| EBIT | -5.45M | -5.48M | -87.43M | -47.87M | -28.94M | -21.52M | -11.11M | -5.13M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 47K | -593K | -207K | 286K | 673K | -63K | -1.49M | -1.5M |
| Pretax Income | -5.41M▲ 0% | -6.07M▼ 12.3% | -87.63M▼ 1343.5% | -47.58M▲ 45.7% | -28.27M▲ 40.6% | -23.72M▲ 16.1% | -11.11M▲ 53.1% | -7.11M▲ 0% |
| Pretax Margin % | -6.32% | -5.52% | -63.42% | -29.16% | -16.99% | -15.3% | -6.89% | -4.2% |
| Income Tax | 0 | 0 | 34K | 65K | 52K | 66K | 54K | 50K |
| Effective Tax Rate % | 0% | 0% | -0.04% | -0.14% | -0.18% | -0.28% | -0.49% | -0.7% |
| Net Income | -5.41M▲ 0% | -6.07M▼ 12.3% | -47.9M▼ 689.0% | -33.86M▲ 29.3% | -21.49M▲ 36.5% | -20M▲ 6.9% | -10.08M▲ 49.6% | -7M▲ 0% |
| Net Margin % | -6.32% | -5.52% | -34.67% | -20.75% | -12.92% | -12.9% | -6.25% | -4.14% |
| Net Income Growth % | - | -12.28% | -688.98% | 29.32% | 36.52% | 6.93% | 49.6% | 63.92% |
| Net Income (Continuing) | -5.41M | -6.07M | -87.67M | -47.65M | -28.32M | -23.78M | -11.17M | -7.06M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | -23.92M | -28.16M | -28.11M | -21.93M | -15.44M | -10.73M |
| EPS (Diluted) | -0.08▲ 0% | -0.09▼ 14.2% | -2.54▼ 2599.3% | -1.10▲ 56.7% | -0.41▲ 62.7% | -0.34▲ 17.1% | -0.15▲ 55.9% | -0.10▲ 0% |
| EPS Growth % | - | -14.2% | -2599.26% | 56.69% | 62.73% | 17.07% | 55.88% | 67.55% |
| EPS (Basic) | -0.08 | -0.09 | -2.54 | -1.10 | -0.41 | -0.34 | -0.15 | - |
| Diluted Shares Outstanding | 65.61M | 64.53M | 34.46M | 43.47M | 50.62M | 58.68M | 66.02M | 68.21M |
| Basic Shares Outstanding | 65.61M | 64.53M | 34.46M | 43.47M | 50.62M | 58.68M | 66.02M | 68.21M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Zevia PBC (ZVIA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 20.81M | 44.17M | 117.08M | 88.66M | 82.69M | 61.91M | 58.22M | 52.67M |
| Cash & Short-Term Investments | 3.24M | 14.94M | 73.11M | 47.4M | 31.95M | 30.65M | 25.35M | 26.59M |
| Cash Only | 3.24M | 14.94M | 43.11M | 47.4M | 31.95M | 30.65M | 25.35M | 26.59M |
| Short-Term Investments | 0 | 0 | 30M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.88M | 6.94M | 9.05M | 11.08M | 11.12M | 10.79M | 11.11M | 9.07M |
| Days Sales Outstanding | 20.8 | 23.04 | 23.9 | 24.78 | 24.39 | 25.41 | 25.14 | 24.74 |
| Inventory | 11.39M | 20.8M | 31.5M | 27.58M | 34.55M | 18.62M | 20.39M | 15.23M |
| Days Inventory Outstanding | 85.45 | 125.44 | 154.89 | 108.04 | 137.57 | 81.76 | 87.87 | 66.76 |
| Other Current Assets | 0 | 0 | 0 | 2.61M | 5.06M | 0 | 1.37M | 1.77M |
| Total Non-Current Assets | 6.45M | 5.78M | 7.91M | 10.27M | 8.17M | 6.04M | 5.4M | 5.26M |
| Property, Plant & Equipment | 2.2M | 1.76M | 3.38M | 5.35M | 4.07M | 2.36M | 1.42M | 1.31M |
| Fixed Asset Turnover | 38.86x | 62.37x | 40.88x | 30.51x | 40.91x | 65.70x | 113.88x | 110.91x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.14M | 3.94M | 4.23M | 4.38M | 3.52M | 3.18M | 3.13M | 3.12M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 112K | 81K | 301K | 539K | 579K | 503K | 849K | 3.13M |
| Total Assets | 27.27M▲ 0% | 49.96M▲ 83.2% | 124.99M▲ 150.2% | 98.93M▼ 20.8% | 90.86M▼ 8.2% | 67.95M▼ 25.2% | 63.62M▼ 6.4% | 57.93M▲ 0% |
| Asset Turnover | 3.14x | 2.20x | 1.11x | 1.65x | 1.83x | 2.28x | 2.53x | 2.78x |
| Asset Growth % | - | 83.21% | 150.21% | -20.85% | -8.16% | -25.21% | -6.37% | -44.73% |
| Total Current Liabilities | 8.35M | 14.07M | 20.43M | 17.15M | 27.72M | 24.22M | 28.02M | 23.79M |
| Accounts Payable | 5.6M | 8.97M | 13.49M | 8.02M | 21.17M | 15.29M | 17.57M | 14.25M |
| Days Payables Outstanding | 41.98 | 54.1 | 66.34 | 31.43 | 84.29 | 67.16 | 75.69 | 61.22 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 668K | 490K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.58M | 3.59M | 3.03M | 3.41M | 4.45M | 1.55M | 9.79M | 9.05M |
| Current Ratio | 2.49x | 3.14x | 5.73x | 5.17x | 2.98x | 2.56x | 2.08x | 2.08x |
| Quick Ratio | 1.13x | 1.66x | 4.19x | 3.56x | 1.74x | 1.79x | 1.35x | 1.35x |
| Cash Conversion Cycle | 64.26 | 94.37 | 112.45 | 101.39 | 77.67 | 40 | 37.32 | 30.28 |
| Total Non-Current Liabilities | 58.89M | 232.69M | 1K | 0 | 1.37M | 784K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 850K | 238K | 1K | 0 | 1.37M | 726K | 0 | 400K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 58.04M | 232.46M | 0 | 0 | 0 | 58K | 0 | 116K |
| Total Liabilities | 67.24M | 246.77M | 20.43M | 17.15M | 29.09M | 25.01M | 28.02M | 23.79M |
| Total Debt | 1.28M | 861K | 237K | 715K | 1.95M | 1.31M | 668K | 490K |
| Net Debt | -1.97M | -14.07M | -42.87M | -46.68M | -30.01M | -29.34M | -24.69M | -26.1M |
| Debt / Equity | - | - | 0.00x | 0.01x | 0.03x | 0.03x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | -0.10x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 5.41x |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | -39.97M▲ 0% | -196.81M▼ 392.4% | 104.56M▲ 153.1% | 81.79M▼ 21.8% | 61.77M▼ 24.5% | 42.95M▼ 30.5% | 35.6M▼ 17.1% | 34.13M▲ 0% |
| Equity Growth % | - | -392.41% | 153.13% | -21.78% | -24.48% | -30.47% | -17.1% | -77.51% |
| Book Value per Share | -0.61 | -3.05 | 3.03 | 1.88 | 1.22 | 0.73 | 0.54 | 0.50 |
| Total Shareholders' Equity | -39.97M | -196.81M | 128.48M | 109.95M | 89.88M | 64.88M | 51.04M | 44.86M |
| Common Stock | 1.81M | 0 | 64K | 70K | 71K | 73K | 75K | 76K |
| Retained Earnings | -43.09M | 0 | -45.99M | -79.84M | -101.34M | -121.34M | -131.26M | -133.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | -23.92M | -28.16M | -28.11M | -21.93M | -15.44M | -10.73M |
Zevia PBC (ZVIA) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.76M | -3.26M | -17.81M | -21.11M | -16.27M | -1.02M | -4.7M | -4.7M |
| Operating CF Margin % | -17.26% | -2.96% | -12.89% | -12.94% | -9.78% | -0.66% | -2.92% | - |
| Operating CF Growth % | - | 77.93% | -446.53% | -18.57% | 22.92% | 93.74% | -361.53% | -458.24% |
| Net Income | -5.41M | -6.07M | -87.67M | -33.86M | -28.32M | -23.78M | -9.92M | -7M |
| Depreciation & Amortization | 786K | 932K | 997K | 2M | 1.61M | 1.33M | 868K | 784K |
| Stock-Based Compensation | 606K | 7.87M | 77.72M | 0 | 8.28M | 4.96M | 3.76M | 3.93M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 106K | 563K | 652K | 12.82M | 1.12M | 1.07M | -613K | 3.41M |
| Working Capital Changes | -10.86M | -6.55M | -9.51M | -2.08M | 1.03M | 15.4M | 1.2M | -1.1M |
| Change in Receivables | -1.16M | -2.07M | -2.06M | -2.03M | -42K | 324K | -311K | -275K |
| Change in Inventory | -3.11M | -9.41M | -10.7M | 3.92M | -6.97M | 15.93M | -1.77M | 1.87M |
| Change in Payables | -5.72M | 2.37M | 4.4M | -5.85M | 13.64M | -5.86M | 2.01M | 332K |
| Cash from Investing | -456K | -805K | -33.14M | 27.41M | 805K | -283K | -307K | -566K |
| Capital Expenditures | -456K | -805K | -3.14M | -2.59M | -1.62M | -283K | -307K | -566K |
| CapEx % of Revenue | 0.53% | 0.73% | 2.27% | 1.59% | 0.98% | 0.18% | 0.19% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 2.43M | 0 | 0 | 0 |
| Cash from Financing | 17.09M | 15.76M | 79.12M | -2.01M | 25K | 0 | -289K | -420K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 17.13M | 15.78M | 90.07M | 124K | 0 | 0 | 59K | 59K |
| Dividends Paid | 0 | 0 | -2.67M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -175M | -49.63M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -44K | -20K | -8.28M | -2.13M | 25K | 0 | -348K | -479K |
| Net Change in Cash | 1.87M▲ 0% | 11.69M▲ 525.6% | 28.17M▲ 140.9% | 4.29M▼ 84.8% | -15.44M▼ 460.1% | -1.3M▲ 91.6% | -5.3M▼ 307.0% | -1.12M▲ 0% |
| Free Cash Flow | -15.22M▲ 0% | -4.06M▲ 73.3% | -20.95M▼ 415.6% | -23.7M▼ 13.2% | -17.9M▲ 24.5% | -1.3M▲ 92.7% | -5.01M▼ 284.8% | -703K▲ 0% |
| FCF Margin % | -17.79% | -3.69% | -15.16% | -14.53% | -10.75% | -0.84% | -3.11% | -0.42% |
| FCF Growth % | - | 73.3% | -415.6% | -13.16% | 24.5% | 92.73% | -284.79% | 29.91% |
| FCF per Share | -0.23 | -0.06 | -0.61 | -0.55 | -0.35 | -0.02 | -0.08 | -0.08 |
| FCF Conversion (FCF/Net Income) | 2.73x | 0.54x | 0.37x | 0.62x | 0.76x | 0.05x | 0.47x | 0.10x |
| Interest Paid | 288K | 321K | 148K | 0 | 79K | 93K | 0 | 30K |
| Taxes Paid | 0 | 0 | 0 | 0 | 127K | 85K | 0 | 19K |
Zevia PBC (ZVIA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -45.81% | -36.34% | -29.95% | -38.21% | -25.67% | -19.56% |
| Return on Invested Capital (ROIC) | - | -106.3% | -74.18% | -64.93% | -78.21% | -58.86% | -58.86% |
| Gross Margin | 44.99% | 46.28% | 42.91% | 44.92% | 46.39% | 47.47% | 47.13% |
| Net Margin | -5.52% | -34.67% | -20.75% | -12.92% | -12.9% | -6.25% | -4.14% |
| Debt / Equity | - | 0.00x | 0.01x | 0.03x | 0.03x | 0.02x | 0.02x |
| FCF Conversion | 0.54x | 0.37x | 0.62x | 0.76x | 0.05x | 0.47x | 0.10x |
| Revenue Growth | 28.59% | 25.58% | 18.1% | 1.99% | -6.83% | 4.01% | 9.76% |
Zevia PBC (ZVIA) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Feb 25, 2026·SEC
Jan 7, 2026·SEC
Zevia PBC (ZVIA) stock FAQ — growth, dividends, profitability & financials explained
Zevia PBC (ZVIA) reported $169.3M in revenue for fiscal year 2025. This represents a 98% increase from $85.6M in 2019.
Zevia PBC (ZVIA) grew revenue by 4.0% over the past year. Growth has been modest.
Zevia PBC (ZVIA) reported a net loss of $7.0M for fiscal year 2025.
Zevia PBC (ZVIA) has a return on equity (ROE) of -25.7%. Negative ROE indicates the company is unprofitable.
Zevia PBC (ZVIA) had negative free cash flow of $0.7M in fiscal year 2025, likely due to heavy capital investments.
Zevia PBC (ZVIA) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates