Zevia PBC

Listed Company

ZVIACIK 0001854139NYSEEmerging GrowthBottled & Canned Soft Drinks & Carbonated WatersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$161.26M

Net Income

$-9.92M

Total Assets

$63.62M

Equity

$51.04M

Shares Out

—

Op. Cash Flow

$-4.70M

Business

Zevia PBC is a better‑for‑you beverage company that develops, markets, sells and distributes naturally sweetened, zero sugar, zero calorie beverages. It offers a portfolio of branded beverages including Soda, Energy drinks and Organic Tea, all made with plant‑based ingredients, no artificial sweeteners, and packaged primarily in aluminum cans. The company operates through its consolidated operating subsidiary and third‑party contract manufacturers and leverages product development, quality control and supply chain partnerships. Zevia distributes primarily across the U.S. and Canada through grocery, drug, mass, natural, convenience, warehouse club and e‑commerce channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	161	155	166	163	138
Cost of goods sold	84	83	—	—	—
Gross profit	77	72	75	70	64
Selling and marketing	52	57	62	53	45
General and administrative	30	30	31	37	28
Equity-based compensation	4	5	—	—	—
Depreciation and amortization	868,000	1	2	1	997,000
Restructuring Charges	2	2	0	—	—
Total operating expenses	89	96	104	118	151
Loss from operations	−12	−24	−29	−48	−87
Other income (expense), net	678,000	−63,000	—	—	—
Loss before income taxes	−11	−24	−28	−48	−88
Provision for income taxes	54,000	66,000	52,000	65,000	−34,000
Net loss and comprehensive loss	−11	−24	−28	−48	—
Loss attributable to noncontrolling interest	1	4	7	14	40
Net loss attributable to Zevia PBC	−10	−20	—	−48	−88
Basic (in dollars per share)	−0.15	−0.34	−0.41	−0.81	−1.33
Diluted (in dollars per share)	−0.15	−0.34	−0.41	−0.81	−1.33
Basic (in shares)	66	59	51	43	34
Diluted (in shares)	66	59	51	43	34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	25	31	—	—	—
Accounts receivable, net	11	11	11	11	9
Inventories	20	19	35	28	32
Prepaid expenses and other current assets	1	2	5	3	3
Total current assets	58	62	83	89	117
Property and equipment, net	867,000	1	2	5	3
Right-of-use assets under operating leases, net	549,000	1	2	708,000	211,000
Intangible assets, net	3	3	4	4	4
Other non-current assets	849,000	503,000	579,000	539,000	301,000
Total assets	64	68	91	99	125
Accounts payable	18	15	21	8	13
Accrued expenses and other current liabilities	10	8	—	—	—
Current portion of operating lease liabilities	668,000	587,000	575,000	715,000	236,000
Total current liabilities	28	24	28	17	20
Operating lease liabilities, net of current portion	0	726,000	1	0	1,000
Other non-current liabilities	0	58,000	0	—	—
Total liabilities	28	25	29	17	20
Commitments and contingencies (Note 9)	—	—	—	—	—
Preferred Stock, $0.001 par value. 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and December 31, 2024.	0	0	0	0	0
Additional paid-in capital	182	186	191	190	174
Accumulated deficit	−131	−121	−101	−80	−46
Total Zevia PBC stockholders equity	51	65	90	110	128
Noncontrolling interests	−15	−22	−28	−28	−24
Total equity	36	43	62	82	105
Total liabilities and equity	64	68	91	99	125

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-cash lease expense	550,000	587,000	—	—	—
Sublease impairment loss	0	351,000	—	—	—
Depreciation and amortization	868,000	1	2	1	997,000
Loss on disposal of property, equipment and software, net	7,000	57,000	480,000	3,000	−4,000
Amortization of debt issuance cost	76,000	76,000	76,000	64,000	94,000
Equity-based compensation	4	5	—	—	—
Accounts receivable, net	−311,000	324,000	−42,000	−2	−2
Inventories	−2	16	−7	4	−11
Prepaid expenses and other assets	534,000	3	−3	846,000	−2
Accounts payable	2	−6	14	−6	4
Accrued expenses and other current liabilities	1	2	—	—	—
Operating lease liabilities	−645,000	−635,000	−585,000	−672,000	−624,000
Other non-current liabilities	0	58,000	0	—	—
Net cash used in operating activities	−5	−1	−16	−21	−18
Purchases of property, equipment and software	−307,000	−283,000	—	−3	−3
Net cash used in investing activities	−307,000	−283,000	805,000	27	−33
Proceeds from revolving line of credit	0	8	0	—	—
Repayment of revolving line of credit	0	−8	0	—	—
Proceeds from exercise of stock options	59,000	0	25,000	124,000	0
Financing costs paid	−348,000	0	—	—	—
Net cash used in financing activities	−289,000	0	25,000	−2	79
Net change from operating, investing, and financing activities	−5	−1	−15	4	28
Capital expenditures included in accounts payable	131,000	1,000	12,000	506,000	125,000
Financing costs included in accounts payable	132,000	0	—	—	—
Cash paid for interest	57,000	93,000	79,000	64,000	148,000
Cash paid for income taxes	45,000	85,000	127,000	69,000	0

Filings

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