The company maintains a healthy liquidity profile with a current ratio of 2.21 and minimal debt-to-equity of 0.01, though the $133.5 million deficit in retained earnings underscores ongoing operational challenges.
| Total Current Assets | 52.67M | 58.22M | 61.91M | 82.69M | 88.66M | 117.08M | 44.17M | 20.81M |
| Cash & Short-Term Investments | 26.59M | 25.35M | 30.65M | 31.95M | 47.4M | 73.11M | 14.94M | 3.24M |
| Cash Only | 26.59M | 25.35M | 30.65M | 31.95M | 47.4M | 43.11M | 14.94M | 3.24M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 30M | 0 | 0 |
| Accounts Receivable | 9.07M | 11.11M | 10.79M | 11.12M | 11.08M | 9.05M | 6.94M | 4.88M |
| Days Sales Outstanding | 24.74 | 25.14 | 25.41 | 24.39 | 24.78 | 23.9 | 23.04 | 20.8 |
| Inventory | 15.23M | 20.39M | 18.62M | 34.55M | 27.58M | 31.5M | 20.8M | 11.39M |
| Days Inventory Outstanding | 66.76 | 87.87 | 81.76 | 137.57 | 108.04 | 154.89 | 125.44 | 85.45 |
| Other Current Assets | 1.77M | 1.37M | 0 | 5.06M | 2.61M | 0 | 0 | 0 |
| Total Non-Current Assets | 5.26M | 5.4M | 6.04M | 8.17M | 10.27M | 7.91M | 5.78M | 6.45M |
| Property, Plant & Equipment | 1.31M | 1.42M | 2.36M | 4.07M | 5.35M | 3.38M | 1.76M | 2.2M |
| Fixed Asset Turnover | 110.91x | 113.88x | 65.70x | 40.91x | 30.51x | 40.88x | 62.37x | 38.86x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.12M | 3.13M | 3.18M | 3.52M | 4.38M | 4.23M | 3.94M | 4.14M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 830K | 849K | 503K | 579K | 539K | 301K | 81K | 112K |
| Total Assets | 57.93M | 63.62M | 67.95M | 90.86M | 98.93M | 124.99M | 49.96M | 27.27M |
| Asset Turnover | 2.78x | 2.53x | 2.28x | 1.83x | 1.65x | 1.11x | 2.20x | 3.14x |
| Asset Growth % | -44.73% | -6.37% | -25.21% | -8.16% | -20.85% | 150.21% | 83.21% | - |
| Total Current Liabilities | 23.79M | 28.02M | 24.22M | 27.72M | 17.15M | 20.43M | 14.07M | 8.35M |
| Accounts Payable | 14.25M | 17.57M | 15.29M | 21.17M | 8.02M | 13.49M | 8.97M | 5.6M |
| Days Payables Outstanding | 61.22 | 75.69 | 67.16 | 84.29 | 31.43 | 66.34 | 54.1 | 41.98 |
| Short-Term Debt | 490K | 668K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 9.05M | 9.79M | 1.55M | 4.45M | 3.41M | 3.03M | 3.59M | 1.58M |
| Current Ratio | 2.21x | 2.08x | 2.56x | 2.98x | 5.17x | 5.73x | 3.14x | 2.49x |
| Quick Ratio | 1.57x | 1.35x | 1.79x | 1.74x | 3.56x | 4.19x | 1.66x | 1.13x |
| Cash Conversion Cycle | 30.28 | 37.32 | 40 | 77.67 | 101.39 | 112.45 | 94.37 | 64.26 |
| Total Non-Current Liabilities | 0 | 0 | 784K | 1.37M | 0 | 1K | 232.69M | 58.89M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 400K | 0 | 726K | 1.37M | 0 | 1K | 238K | 850K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 58K | 0 | 0 | 0 | 232.46M | 58.04M |
| Total Liabilities | 23.79M | 28.02M | 25.01M | 29.09M | 17.15M | 20.43M | 246.77M | 67.24M |
| Total Debt | 490K | 668K | 1.31M | 1.95M | 715K | 237K | 861K | 1.28M |
| Net Debt | -26.1M | -24.69M | -29.34M | -30.01M | -46.68M | -42.87M | -14.07M | -1.97M |
| Debt / Equity | 0.01x | 0.02x | 0.03x | 0.03x | 0.01x | 0.00x | - | - |
| Debt / EBITDA | -0.10x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 5.41x | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | 34.13M | 35.6M | 42.95M | 61.77M | 81.79M | 104.56M | -196.81M | -39.97M |
| Equity Growth % | -77.51% | -17.1% | -30.47% | -24.48% | -21.78% | 153.13% | -392.41% | - |
| Book Value per Share | 0.50 | 0.54 | 0.73 | 1.22 | 1.88 | 3.03 | -3.05 | -0.61 |
| Total Shareholders' Equity | 44.86M | 51.04M | 64.88M | 89.88M | 109.95M | 128.48M | -196.81M | -39.97M |
| Common Stock | 76K | 75K | 73K | 71K | 70K | 64K | 0 | 1.81M |
| Retained Earnings | -133.53M | -131.26M | -121.34M | -101.34M | -79.84M | -45.99M | 0 | -43.09M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -10.73M | -15.44M | -21.93M | -28.11M | -28.16M | -23.92M | 0 | 0 |
Persistent operating cash burn
According to recent financial disclosures, Zevia's total assets have declined from $90.9 million in 2023Q4 to $57.9 million in 2026Q1, signaling a significant contraction in the company's balance sheet footprint as management attempts to optimize capital allocation amidst ongoing operational challenges and persistent net losses.
The reduction in total assets appears to be driven by a deliberate effort to streamline operations and manage cash reserves more conservatively. Investors should monitor whether this shrinkage represents a strategic pivot toward a leaner, more efficient business model or a forced retreat due to limited growth opportunities in the competitive beverage landscape.
As reported in historical balance sheets, Zevia's retained earnings have deteriorated significantly, reaching a deficit of $133.5 million by 2026Q1, which underscores the cumulative impact of sustained operating losses and the company's ongoing struggle to achieve a self-sustaining, profitable business model in the beverage sector.
The consistent decline in retained earnings highlights the high cost of brand building and market penetration that has yet to yield positive bottom-line results. This trend suggests that shareholder equity is being steadily consumed to fund operations, which may necessitate future capital raises if the company fails to reach profitability soon.
Based on the latest quarterly data, Zevia maintains a cash position of $25.3 million alongside a current ratio of 2.21, providing a sufficient liquidity buffer that appears to insulate the company from immediate insolvency risks despite the ongoing cash burn associated with its current growth strategy.
While the current ratio suggests adequate short-term liquidity, the reliance on cash reserves to fund operations remains a primary concern for long-term viability. The company's ability to maintain this liquidity cushion without further dilutive financing will depend heavily on its success in narrowing operating losses in the coming quarters.
As indicated by the balance sheet, Zevia carries $3.1 million in goodwill, which warrants further investigation as the company's market valuation and operational performance continue to face pressure, potentially signaling a risk of future impairment charges that could further erode the company's already strained equity base.
The presence of goodwill on the balance sheet suggests that past acquisitions or brand investments are being held at values that may not be fully supported by current earnings power. Analysts should remain cautious, as any write-down of these intangible assets would negatively impact the company's book value and overall financial health.
Quick answers to the most common questions about buying ZVIA stock.
As of 2025, Zevia PBC (ZVIA) had total assets of $63.6M including $58.2M in current assets.
Zevia PBC (ZVIA) carries total debt of $0.7M, offset by $25.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Zevia PBC (ZVIA) has total shareholders' equity (book value) of $51.0M ($0.54 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Zevia PBC (ZVIA) reported a current ratio of 2.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.