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Financials · ZVIA

Zevia PBC (ZVIA) financials

For the twelve months ended Sep 30, 2026, Zevia PBC reported $177.30M of revenue and -$8.70M of net income.

Revenue, TTM
$177.30M
Revenue growth, YoY
+8.9%
Net income, TTM
-$8.70M
Net margin
-4.9%
Free cash flow, TTM
$4.31M
Cash
$29.51M
P/S
0.56
Market cap
$98.7M
Annual revenue$161.26M
FY2020FY2025
Annual net income-$9.92M
FY2020FY2025
Annual free cash flow-$5.01M
FY2020FY2025

ZVIA revenue and earnings growth

ZVIA revenueQ3 2026$48.34M

Quarter YoY
+18.4%
QoQ
+7.4%
FY YoY
+4.0%
5Y CAGR
+7.9%

ZVIA revenue was $48.34M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.4% from a year earlier and up 7.4% from the prior quarter. For the full fiscal 2025 it was $161.26M, up 4.0% from fiscal 2024. Compound annual growth was +7.9% over 5 years. It rose in 4 of the last 5 fiscal years.

ZVIA net incomeQ3 2026-$2.11M

ZVIA net income was -$2.11M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.69M a year earlier. For the full fiscal 2025 it was -$9.92M, compared with -$20.00M in fiscal 2024.

ZVIA EPSQ3 2026-$0.03

ZVIA diluted EPS was -$0.03 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.04 a year earlier. For the full fiscal 2025 it was -$0.15, compared with -$0.34 in fiscal 2024.

ZVIA free cash flowQ3 2026$1.35M

QoQ
-38.4%

ZVIA free cash flow was $1.35M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$65.0K a year earlier and down 38.4% from the prior quarter. For the full fiscal 2025 it was -$5.01M, compared with -$1.30M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$161.26M$155.05M$166.42M$163.18M$138.17M$110.03M
Cost of revenue$83.84M$83.12M$91.67M$93.16M$74.23M$60.52M
Gross profit$77.42M$71.93M$74.76M$70.02M$63.94M$49.50M
Selling, general and admin$30.02M$30.02M$31.50M$36.79M$27.52M$18.84M
Operating income-$11.79M-$23.65M-$28.94M-$47.87M-$87.43M-$5.48M
Pre-tax income-$11.11M-$23.72M-$28.27M-$47.58M-$87.63M-$6.07M
Income tax$54.0K$66.0K$52.0K$65.0K$34.0K$0
Net income-$9.92M-$20.00M-$21.49M-$33.86M-$87.67M-$6.07M
EPS, basic-$0.15-$0.34-$0.41-$0.81-$1.33-
EPS, diluted-$0.15-$0.34-$0.41-$0.81-$1.33-
Diluted shares66.0M58.7M50.6M43.5M34.5M-

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$25.35M$30.65M$31.95M$47.40M$43.11M$14.94M
Short-term investments---$0$30.00M$0
Receivables$11.11M$10.79M$11.12M$11.08M$9.05M$6.94M
Inventory$20.39M$18.62M$34.55M$27.58M$31.50M$20.80M
Current assets$58.22M$61.91M$82.69M$88.66M$117.08M$44.17M
Total assets$63.62M$67.95M$90.86M$98.93M$124.99M$49.96M
Current liabilities$28.02M$24.22M$27.72M$17.15M$20.43M$14.07M
Total liabilities$28.02M$25.01M$29.09M$17.15M$20.43M$14.31M
Shareholders' equity$51.04M$42.95M$61.77M$81.79M$104.56M-$196.81M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$4.70M-$1.02M-$16.27M-$20.78M-$17.81M-$3.26M
Capital expenditures$307.0K$283.0K-$2.59M$3.14M$805.0K
Free cash flow-$5.01M-$1.30M--$23.37M-$20.95M-$4.06M
Investing cash flow-$307.0K-$283.0K$805.0K$27.41M-$33.14M-$805.0K
Financing cash flow-$289.0K$0$25.0K-$2.34M$79.12M$15.76M
Share repurchases---$0$17.0K-
Stock-based compensation$3.76M$4.96M$8.28M$26.88M$77.72M$7.87M
Depreciation and amortization$868.0K$1.33M$1.61M$1.35M$997.0K$932.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY4.0%-6.8%2.0%18.1%25.6%-
Gross margin48.0%46.4%44.9%42.9%46.3%45.0%
Operating margin-7.3%-15.3%-17.4%-29.3%-63.3%-5.0%
Net margin-6.2%-12.9%-12.9%-20.7%-63.4%-5.5%
Free cash flow margin-3.1%-0.8%--14.3%-15.2%-3.7%
Return on equity-19.4%-46.6%-34.8%-41.4%-83.8%-
Return on assets-15.6%-29.4%-23.7%-34.2%-70.1%-12.2%
Current ratio2.082.562.985.175.733.14

Source: XBRL data Zevia PBC files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ZVIA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ZVIA$177.30M+8.9%-$8.70M-4.9%$98.7M
KO$51.05B+7.1%$14.63B28.7%$413.11B
KOFMXN 291.75B+4.3%MXN 23.84B8.2%$197.81B
PEP$98.24B+6.4%$10.90B11.1%$193.35B
BUD$59.32B-0.7%$6.84B11.5%$167.81B
MNST$9.58B+20.2%$2.17B22.7%$134.12B
DEO$27.76B-0.7%$1.96B7.1%$56.38B
CCEP€20.90B+2.3%€1.94B9.3%$53.34B
KDP$23.13B+43.0%$1.65B7.1%$50.27B

ZVIA FAQ

8 questions
  • What is ZVIA revenue?
    Zevia PBC (ZVIA) reported $177.30M of revenue for the twelve months ended Sep 30, 2026. That is up 8.9% from the year before. Revenue for fiscal 2025 was $161.26M.
  • Is ZVIA profitable?
    No. Zevia PBC reported a net loss of $8.70M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does ZVIA have?
    Zevia PBC reported $29.51M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is ZVIA revenue growing?
    Zevia PBC's revenue changed +4.0% in fiscal 2025, to $161.26M. Its compound annual growth rate was +7.9% over 5 years.
  • What is ZVIA gross margin?
    Zevia PBC's gross profit was $84.83M on $177.30M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 47.8%.
  • What is ZVIA free cash flow?
    Zevia PBC generated $4.31M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.96M less capital expenditures.
  • When did ZVIA last report financial results?
    The latest statements here come from Zevia PBC's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this ZVIA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Zevia PBC files with the SEC. It is provided for information only and is not investment advice.