Zevia PBC(ZVIA)Earnings, Financials & Key Ratios
ZVIA•NYSE
$1.16
$83M mkt cap·Price updated May 6, 2026
AboutZevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. The company offers its products through various retail channels, including grocery distributors, national retailers, warehouse club, and natural products retailers, as well as e-commerce channels. It provides its products under the Zevia brand name. The company was founded in 2007 and is headquartered in Encino, California.Show more
- Revenue$161M+4.0%
- EBITDA-$11M+51.1%
- Net Income-$10M+50.4%
- EPS (Diluted)-0.15+55.9%
- Gross Margin48.01%+3.5%
- EBITDA Margin-6.77%+53.0%
- Operating Margin-7.31%+52.1%
- Net Margin-6.15%+52.3%
- ROE-25.26%+33.9%
- ROIC-72.12%+7.8%
- Debt/Equity0.02-38.6%
ZVIA Key Insights
Zevia PBC (ZVIA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Efficient asset utilization: 2.5x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 11 (bottom 11%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 12.5% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ZVIA Price & Volume
Zevia PBC (ZVIA) stock price & volume — 10-year historical chart
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ZVIA Growth Metrics
Zevia PBC (ZVIA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years7.95%
3 Years-0.39%
TTM4.01%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM50.41%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM54.55%
Return on Capital
10 Years-48.38%
5 Years-57.96%
3 Years-37.98%
Last Year-29.72%
ZVIA Recent Earnings
Zevia PBC (ZVIA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q4 2025Latest
Nov 5, 2025EPS
$0.04
Est $0.06
+33.3%
Revenue
$41M
Est $40M
+2.2%
Q3 2025
Aug 6, 2025EPS
$0.01
Est $0.05
+80.0%
Revenue
$45M
Est $41M
+9.6%
Q2 2025
May 7, 2025EPS
$0.06
Est $0.10
+40.0%
Revenue
$38M
Est $42M
-8.7%
Q1 2025
Feb 26, 2025EPS
$0.07
Est $0.07
+0.0%
Revenue
$39M
Est $37M
+6.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | 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% |
| Q2 2025 | May 7, 2025 | $0.06vs $0.10+40.0% | $38Mvs $42M-8.7% |
| Q1 2025 | Feb 26, 2025 | $0.07vs $0.07+0.0% | $39Mvs $37M+6.2% |
Based on last 12 quarters of dataView full earnings history →
ZVIA Peer Comparison
Zevia PBC (ZVIA) competitors in Global Soft Drink Brand Owners — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CELH | 8.61B | 33.52 | 134.08 | 85.54% | 4.29% | 4.66% | 3.76% | 0.23 |
 FIZZ | 3.27B | 34.92 | 17.55 | 0.81% | 15.55% | 39.28% | 5.21% | 0.16 |
 NRGV | 870.06M | 5.03 | -7.74 | 340.86% | -52.97% | -146.8% | 1.07 | |
 KO | 337.79B | 78.48 | 25.82 | 1.87% | 27.8% | 41.06% | 1.57% | 1.33 |
 PEP | 211.89B | 155.04 | 25.84 | 2.25% | 8.77% | 40.1% | 3.62% | 2.43 |
 MNST | 74.14B | 75.80 | 39.07 | 10.7% | 22.97% | 23.08% | ||
 KDP | 39.29B | 28.92 | 18.90 | 8.16% | 10.81% | 6.98% | 3.83% | 0.63 |
 SAM | 2.21B | 206.25 | 20.85 | 3.69% | -2.92% | -7.3% | 9.74% | 0.04 |
Compare ZVIA vs Peers
Zevia PBC (ZVIA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZVIA Income Statement
Zevia PBC (ZVIA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 85.56M | 110.03M | 138.17M | 163.18M | 166.42M | 155.05M | 161.26M |
| Revenue Growth % | - | 28.59% | 25.58% | 18.1% | 1.99% | -6.83% | 4.01% |
| Cost of Goods Sold | 48.66M | 60.52M | 74.23M | 93.16M | 91.67M | 83.12M | 83.84M |
| COGS % of Revenue | 56.87% | 55.01% | 53.72% | 57.09% | 55.08% | 53.61% | 51.99% |
| 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% | 77.42M▲ 7.6% |
| Gross Margin % | 43.13% | 44.99% | 46.28% | 42.91% | 44.92% | 46.39% | 48.01% |
| Gross Profit Growth % | - | 34.15% | 29.17% | 9.51% | 6.77% | -3.78% | 7.63% |
| Operating Expenses | 42.35M | 54.98M | 151.37M | 117.89M | 103.7M | 95.58M | 82.41M |
| OpEx % of Revenue | 49.5% | 49.97% | 109.55% | 72.24% | 62.31% | 61.65% | 51.1% |
| Selling, General & Admin | 41.57M | 54.05M | 150.37M | 116.54M | 102.09M | 92.12M | 82.41M |
| 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 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 786K | 932K | 997K | 1.35M | 1.61M | 3.47M | 0 |
| 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% | -11.79M▲ 50.2% |
| Operating Margin % | -6.37% | -4.98% | -63.27% | -29.33% | -17.39% | -15.26% | -7.31% |
| Operating Income Growth % | - | -0.44% | -1495.95% | 45.25% | 39.54% | 18.27% | 50.16% |
| EBITDA | -4.67M | -4.55M | -86.43M | -46.52M | -27.33M | -22.32M | -10.92M |
| EBITDA Margin % | -5.46% | -4.13% | -62.55% | -28.51% | -16.42% | -14.4% | -6.77% |
| EBITDA Growth % | - | 2.61% | -1801.21% | 46.17% | 41.26% | 18.31% | 51.08% |
| D&A (Non-Cash Add-back) | 786K | 932K | 997K | 1.35M | 1.61M | 1.33M | 868K |
| EBIT | -5.45M | -5.48M | -87.43M | -47.87M | -28.94M | -21.52M | 0 |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 47K | -593K | -207K | 286K | 673K | -63K | 678K |
| 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% |
| Pretax Margin % | -6.32% | -5.52% | -63.42% | -29.16% | -16.99% | -15.3% | -6.89% |
| Income Tax | 0 | 0 | 34K | 65K | 52K | 66K | 54K |
| Effective Tax Rate % | 0% | 0% | -0.04% | -0.14% | -0.18% | -0.28% | -0.49% |
| Net Income | -5.41M▲ 0% | -6.07M▼ 12.3% | -47.9M▼ 689.0% | -33.86M▲ 29.3% | -21.49M▲ 36.5% | -20M▲ 6.9% | -9.92M▲ 50.4% |
| Net Margin % | -6.32% | -5.52% | -34.67% | -20.75% | -12.92% | -12.9% | -6.15% |
| Net Income Growth % | - | -12.28% | -688.98% | 29.32% | 36.52% | 6.93% | 50.41% |
| Net Income (Continuing) | -5.41M | -6.07M | -87.67M | -47.65M | -28.32M | -23.78M | -9.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | -23.92M | -28.16M | -28.11M | -21.93M | -15.44M |
| 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% |
| EPS Growth % | - | -14.2% | -2599.26% | 56.69% | 62.73% | 17.07% | 55.88% |
| 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 |
| Basic Shares Outstanding | 65.61M | 64.53M | 34.46M | 43.47M | 50.62M | 58.68M | 66.02M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
ZVIA Balance Sheet
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 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 20.81M | 44.17M | 117.08M | 88.66M | 82.69M | 61.91M | 58.22M |
| Cash & Short-Term Investments | 3.24M | 14.94M | 73.11M | 47.4M | 31.95M | 30.65M | 25.35M |
| Cash Only | 3.24M | 14.94M | 43.11M | 47.4M | 31.95M | 30.65M | 25.35M |
| Short-Term Investments | 0 | 0 | 30M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.88M | 6.94M | 9.05M | 11.08M | 11.12M | 10.79M | 11.11M |
| Days Sales Outstanding | 20.8 | 23.04 | 23.9 | 24.78 | 24.39 | 25.41 | 25.14 |
| Inventory | 11.39M | 20.8M | 31.5M | 27.58M | 34.55M | 18.62M | 20.39M |
| Days Inventory Outstanding | 85.45 | 125.44 | 154.89 | 108.04 | 137.57 | 81.76 | 88.78 |
| Other Current Assets | 0 | 0 | 0 | 2.61M | 5.06M | 0 | 1.37M |
| Total Non-Current Assets | 6.45M | 5.78M | 7.91M | 10.27M | 8.17M | 6.04M | 5.4M |
| Property, Plant & Equipment | 2.2M | 1.76M | 3.38M | 5.35M | 4.07M | 2.36M | 1.42M |
| Fixed Asset Turnover | 38.86x | 62.37x | 40.88x | 30.51x | 40.91x | 65.70x | 113.88x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.14M | 3.94M | 4.23M | 4.38M | 3.52M | 3.18M | 3.13M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 112K | 81K | 301K | 539K | 579K | 503K | 849K |
| 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% |
| Asset Turnover | 3.14x | 2.20x | 1.11x | 1.65x | 1.83x | 2.28x | 2.53x |
| Asset Growth % | - | 83.21% | 150.21% | -20.85% | -8.16% | -25.21% | -6.37% |
| Total Current Liabilities | 8.35M | 14.07M | 20.43M | 17.15M | 27.72M | 24.22M | 28.02M |
| Accounts Payable | 5.6M | 8.97M | 13.49M | 8.02M | 21.17M | 15.29M | 17.57M |
| Days Payables Outstanding | 41.98 | 54.1 | 66.34 | 31.43 | 84.29 | 67.16 | 76.47 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 668K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.58M | 3.59M | 3.03M | 3.41M | 4.45M | 1.55M | 9.79M |
| Current Ratio | 2.49x | 3.14x | 5.73x | 5.17x | 2.98x | 2.56x | 2.08x |
| Quick Ratio | 1.13x | 1.66x | 4.19x | 3.56x | 1.74x | 1.79x | 1.35x |
| Cash Conversion Cycle | 64.26 | 94.37 | 112.45 | 101.39 | 77.67 | 40 | 37.45 |
| Total Non-Current Liabilities | 58.89M | 232.69M | 1K | 0 | 1.37M | 784K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 850K | 238K | 1K | 0 | 1.37M | 726K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 58.04M | 232.46M | 0 | 0 | 0 | 58K | 0 |
| Total Liabilities | 67.24M | 246.77M | 20.43M | 17.15M | 29.09M | 25.01M | 28.02M |
| Total Debt | 1.28M | 861K | 237K | 715K | 1.95M | 1.31M | 668K |
| Net Debt | -1.97M | -14.07M | -42.87M | -46.68M | -30.01M | -29.34M | -24.69M |
| Debt / Equity | - | - | 0.00x | 0.01x | 0.03x | 0.03x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| 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% |
| Equity Growth % | - | -392.41% | 153.13% | -21.78% | -24.48% | -30.47% | -17.1% |
| Book Value per Share | -0.61 | -3.05 | 3.03 | 1.88 | 1.22 | 0.73 | 0.54 |
| Total Shareholders' Equity | -39.97M | -196.81M | 128.48M | 109.95M | 89.88M | 64.88M | 51.04M |
| Common Stock | 1.81M | 0 | 64K | 70K | 71K | 73K | 75K |
| Retained Earnings | -43.09M | 0 | -45.99M | -79.84M | -101.34M | -121.34M | -131.26M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | -23.92M | -28.16M | -28.11M | -21.93M | -15.44M |
ZVIA Cash Flow Statement
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 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.76M | -3.26M | -17.81M | -21.11M | -16.27M | -1.02M | -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% |
| Net Income | -5.41M | -6.07M | -87.67M | -33.86M | -28.32M | -23.78M | -9.92M |
| Depreciation & Amortization | 786K | 932K | 997K | 2M | 1.61M | 1.33M | 868K |
| Stock-Based Compensation | 606K | 7.87M | 77.72M | 0 | 8.28M | 4.96M | 3.76M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 106K | 563K | 652K | 12.82M | 1.12M | 1.07M | 586K |
| Working Capital Changes | -10.86M | -6.55M | -9.51M | -2.08M | 1.03M | 15.4M | 0 |
| Change in Receivables | -1.16M | -2.07M | -2.06M | -2.03M | -42K | 324K | -311K |
| Change in Inventory | -3.11M | -9.41M | -10.7M | 3.92M | -6.97M | 15.93M | -1.77M |
| Change in Payables | -5.72M | 2.37M | 4.4M | -5.85M | 13.64M | -5.86M | 2.01M |
| Cash from Investing | -456K | -805K | -33.14M | 27.41M | 805K | -283K | -307K |
| Capital Expenditures | -456K | -805K | -3.14M | -2.59M | -1.62M | -283K | -307K |
| 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 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 2.43M | 0 | 0 |
| Cash from Financing | 17.09M | 15.76M | 79.12M | -2.01M | 25K | 0 | -289K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 124K | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | -2.67M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -175M | -49.63M | 0 | 0 | 0 | 0 |
| Other Financing | -44K | -20K | -8.28M | -2.13M | 25K | 0 | -289K |
| 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% |
| 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% |
| FCF Margin % | -17.79% | -3.69% | -15.16% | -14.53% | -10.75% | -0.84% | -3.11% |
| FCF Growth % | - | 73.3% | -415.6% | -13.16% | 24.5% | 92.73% | -284.79% |
| FCF per Share | -0.23 | -0.06 | -0.61 | -0.55 | -0.35 | -0.02 | -0.08 |
| FCF Conversion (FCF/Net Income) | 2.73x | 0.54x | 0.37x | 0.62x | 0.76x | 0.05x | 0.47x |
| Interest Paid | 288K | 321K | 148K | 0 | 79K | 93K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 127K | 85K | 0 |
ZVIA Key Ratios
Zevia PBC (ZVIA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -45.81% | -36.34% | -29.95% | -38.21% | -25.26% |
| Return on Invested Capital (ROIC) | - | - | -106.3% | -74.18% | -64.93% | -78.21% | -72.12% |
| Gross Margin | 43.13% | 44.99% | 46.28% | 42.91% | 44.92% | 46.39% | 48.01% |
| Net Margin | -6.32% | -5.52% | -34.67% | -20.75% | -12.92% | -12.9% | -6.15% |
| Debt / Equity | - | - | 0.00x | 0.01x | 0.03x | 0.03x | 0.02x |
| FCF Conversion | 2.73x | 0.54x | 0.37x | 0.62x | 0.76x | 0.05x | 0.47x |
| Revenue Growth | - | 28.59% | 25.58% | 18.1% | 1.99% | -6.83% | 4.01% |
ZVIA Frequently Asked Questions
Zevia PBC (ZVIA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Zevia PBC (ZVIA) reported $161.3M in revenue for fiscal year 2025. This represents a 88% 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 $9.9M for fiscal year 2025.
Dividend & Returns
Zevia PBC (ZVIA) has a return on equity (ROE) of -25.3%. Negative ROE indicates the company is unprofitable.
Zevia PBC (ZVIA) had negative free cash flow of $5.0M in fiscal year 2025, likely due to heavy capital investments.
Explore More ZVIA
Zevia PBC (ZVIA) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates