NYSE : ZVIA
Zevia PBC — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · United States
Last price 1.22 USD (Oct 30, 2026, 9:39 AM EDT) · Market cap 94.36M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Zevia PBC (ZVIA) reported revenue of 169.81M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 169.81M | 161.26M | 155.05M | 166.42M | 163.18M | 138.17M |
| Cost of Revenue | 88.80M | 83.84M | 83.12M | 91.67M | 93.16M | 74.23M |
| Gross Profit | 81.01M | 77.42M | 71.93M | 74.76M | 70.02M | 63.94M |
| Selling, General & Admin | 86.53M | 86.17M | 92.12M | 102.09M | 116.54M | 150.37M |
| Operating Expenses | 87.26M | 87.04M | 93.45M | 103.70M | 117.89M | 151.37M |
| Operating Income | -6.25M | -9.62M | -21.52M | -28.94M | -47.87M | -87.43M |
| Interest Expense | -211.00K | |||||
| Interest & Investment Income | 89.00K | |||||
| Currency Exchange Gain (Loss) | -100.00K | -100.00K | -700.00K | 200.00K | ||
| Other Non Operating Income (Expenses) | 374.00K | 778.00K | 637.00K | 673.00K | ||
| EBT Excluding Unusual Items | -5.97M | -8.94M | -21.58M | -28.27M | -47.58M | -87.64M |
| Merger & Restructuring Charges | -1.04M | -2.17M | -2.14M | |||
| Gain (Loss) on Sale of Assets | -3.00K | 4.00K | ||||
| Pretax Income | -9.38M | -11.11M | -23.72M | -28.27M | -47.58M | -87.63M |
| Income Tax Expense | 46.00K | 54.00K | 66.00K | 52.00K | 65.00K | 34.00K |
| Earnings From Continuing Operations | -9.42M | -11.17M | -23.78M | -28.32M | -47.65M | -87.67M |
| Minority Interest in Earnings | 351.00K | 1.25M | 3.78M | 6.83M | 13.79M | 39.77M |
| Net Income | -9.07M | -9.92M | -20.00M | -21.49M | -33.86M | -47.90M |
| Preferred Dividends & Other Adjustments | -163.00K | -163.00K | 58.00K | 800.00K | 1.30M | -1.91M |
| Net Income to Common | -8.91M | -9.76M | -20.06M | -22.29M | -35.16M | -45.99M |
| Shares Outstanding (Basic) | 68.71M | 66.02M | 58.68M | 50.62M | 43.47M | 34.45M |
| Shares Outstanding (Diluted) | 68.71M | 66.02M | 58.68M | 50.62M | 43.47M | 34.45M |
| EPS (Basic) | -0.13 | -0.15 | -0.34 | -0.44 | -0.81 | -1.33 |
| EPS (Diluted) | -0.13 | -0.15 | -0.34 | -0.44 | -0.81 | -1.33 |
| Free Cash Flow | 2.90M | -5.01M | -1.30M | -17.90M | -23.37M | -20.95M |
| Free Cash Flow Per Share | 0.04 | -0.08 | -0.02 | -0.35 | -0.54 | -0.61 |
| Gross Margin | 47.71% | 48.01% | 46.39% | 44.92% | 42.91% | 46.28% |
| Operating Margin | -3.68% | -5.97% | -13.88% | -17.39% | -29.33% | -63.27% |
| Profit Margin | -5.24% | -6.05% | -12.94% | -13.40% | -21.54% | -33.28% |
| Free Cash Flow Margin | 1.71% | -3.11% | -0.84% | -10.75% | -14.32% | -15.16% |
| EBITDA | -5.52M | -8.75M | -20.29M | -27.73M | -46.92M | -86.63M |
| EBITDA Margin | -3.25% | -5.43% | -13.08% | -16.66% | -28.75% | -62.70% |
| D&A For EBITDA | 731.00K | 868.00K | 1.23M | 1.22M | 947.00K | 797.00K |
| EBIT | -6.25M | -9.62M | -21.52M | -28.94M | -47.87M | -87.43M |
| EBIT Margin | -3.68% | -5.97% | -13.88% | -17.39% | -29.33% | -63.27% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.47M | 25.35M | 30.65M | 31.95M | 47.40M | 43.11M |
| Short-Term Investments | 30.00M | |||||
| Cash & Short-Term Investments | 28.47M | 25.35M | 30.65M | 31.95M | 47.40M | 73.11M |
| Receivables | 10.00M | 11.11M | 10.79M | 11.12M | 11.08M | 9.05M |
| Inventory | 17.52M | 20.39M | 18.62M | 34.55M | 27.58M | 31.50M |
| Prepaid Expenses | 2.61M | 1.37M | 1.84M | 5.06M | 2.61M | 3.42M |
| Total Current Assets | 58.60M | 58.22M | 61.91M | 82.69M | 88.66M | 117.08M |
| Property, Plant & Equipment | 1.09M | 1.42M | 2.36M | 4.07M | 5.35M | 3.38M |
| Other Intangible Assets | 3.10M | 3.13M | 3.18M | 3.52M | 4.38M | 4.23M |
| Long-Term Deferred Charges | 100.00K | 200.00K | 200.00K | 300.00K | ||
| Other Long-Term Assets | 1.38M | 749.00K | 303.00K | 379.00K | 239.00K | 301.00K |
| Total Assets | 64.18M | 63.62M | 67.95M | 90.86M | 98.93M | 124.99M |
| Accounts Payable | 20.15M | 17.57M | 15.29M | 21.17M | 8.02M | 13.49M |
| Accrued Expenses | 7.66M | 7.28M | 5.45M | 4.24M | 7.16M | 5.93M |
| Current Portion of Leases | 309.00K | 668.00K | 587.00K | 575.00K | 715.00K | 236.00K |
| Other Current Liabilities | 2.76M | 2.51M | 2.90M | 1.73M | 1.25M | 774.00K |
| Total Current Liabilities | 30.88M | 28.02M | 24.22M | 27.72M | 17.15M | 20.43M |
| Long-Term Leases | 726.00K | 1.37M | 1.00K | |||
| Other Long-Term Liabilities | 58.00K | |||||
| Total Liabilities | 30.88M | 28.02M | 25.01M | 29.09M | 17.15M | 20.43M |
| Common Stock | 77.00K | 75.00K | 73.00K | 71.00K | 70.00K | 64.00K |
| Additional Paid-In Capital | 180.39M | 182.23M | 186.15M | 191.14M | 189.72M | 174.40M |
| Retained Earnings | -136.34M | -131.26M | -121.34M | -101.34M | -79.84M | -45.99M |
| Total Common Equity | 44.13M | 51.04M | 64.88M | 89.88M | 109.95M | 128.48M |
| Minority Interest | -10.83M | -15.44M | -21.93M | -28.11M | -28.16M | -23.92M |
| Shareholders' Equity | 33.30M | 35.60M | 42.95M | 61.77M | 81.79M | 104.56M |
| Total Liabilities & Equity | 64.18M | 63.62M | 67.95M | 90.86M | 98.93M | 124.99M |
| Total Debt | 309.00K | 668.00K | 1.31M | 1.95M | 715.00K | 237.00K |
| Net Cash (Debt) | 28.16M | 24.69M | 29.34M | 30.01M | 46.68M | 72.87M |
| Net Cash Per Share | 0.41 | 0.37 | 0.50 | 0.59 | 1.07 | 2.12 |
| Filing Date Shares Outstanding | 72.14M | 67.49M | 61.96M | 54.57M | 48.56M | 37.13M |
| Total Common Shares Outstanding | 72.14M | 67.49M | 61.65M | 54.22M | 47.77M | 34.46M |
| Working Capital | 27.72M | 30.20M | 37.69M | 54.97M | 71.51M | 96.65M |
| Book Value Per Share | 0.61 | 0.76 | 1.05 | 1.66 | 2.30 | 3.73 |
| Tangible Book Value | 41.03M | 47.90M | 61.70M | 86.36M | 105.57M | 124.25M |
| Tangible Book Value Per Share | 0.57 | 0.71 | 1.00 | 1.59 | 2.21 | 3.61 |
| Land | 336.00K | 336.00K | ||||
| Buildings | 1.61M | 1.44M | ||||
| Machinery | 2.04M | 2.27M | 3.04M | 3.24M | 3.17M | 1.90M |
| Leasehold Improvements | 1.22M | 1.22M | 1.22M | 1.17M | 463.00K | 463.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.07M | -9.92M | -20.00M | -21.49M | -33.86M | -87.67M |
| Depreciation & Amortization | 731.00K | 868.00K | 1.23M | 1.22M | 947.00K | 797.00K |
| Other Amortization | 81.00K | 76.00K | 176.00K | 476.00K | 464.00K | 294.00K |
| Loss (Gain) From Sale of Assets | -1.00K | 7.00K | 57.00K | 480.00K | 3.00K | -4.00K |
| Stock-Based Compensation | 5.02M | 3.76M | 4.96M | 8.28M | 26.88M | 77.72M |
| Other Operating Activities | 198.00K | -696.00K | -2.84M | -6.26M | -13.14M | 562.00K |
| Change in Accounts Receivable | 3.12M | -311.00K | 324.00K | -42.00K | -2.03M | -2.06M |
| Change in Inventory | -1.78M | -1.77M | 15.93M | -6.97M | 3.92M | -10.70M |
| Change in Accounts Payable | 5.60M | 2.01M | -5.86M | 13.64M | -5.85M | 4.40M |
| Change in Other Net Operating Assets | -346.00K | 1.28M | 5.01M | -5.59M | 1.88M | -1.15M |
| Operating Cash Flow | 3.56M | -4.70M | -1.02M | -16.27M | -20.78M | -17.81M |
| Capital Expenditures | -656.00K | -307.00K | -283.00K | -1.62M | -2.59M | -3.14M |
| Sale of Property, Plant & Equipment | 2.43M | |||||
| Investment in Securities | 30.00M | -30.00M | ||||
| Investing Cash Flow | -656.00K | -307.00K | -283.00K | 805.00K | 27.41M | -33.14M |
| Short-Term Debt Issued | 8.00M | 74.72M | ||||
| Total Debt Issued | 8.00M | 74.72M | ||||
| Short-Term Debt Repaid | -8.00M | -74.72M | ||||
| Total Debt Repaid | -8.00M | -74.72M | ||||
| Issuance of Common Stock | 1.00K | 59.00K | 25.00K | 124.00K | 139.70M | |
| Repurchase of Common Stock | -2.13M | -49.80M | ||||
| Other Financing Activities | -733.00K | -348.00K | -334.00K | -10.77M | ||
| Financing Cash Flow | -732.00K | -289.00K | 25.00K | -2.34M | 79.12M | |
| Net Cash Flow | 2.17M | -5.30M | -1.30M | -15.44M | 4.29M | 28.17M |
| Free Cash Flow | 2.90M | -5.01M | -1.30M | -17.90M | -23.37M | -20.95M |
| Free Cash Flow Margin | 1.71% | -3.11% | -0.84% | -10.75% | -14.32% | -15.16% |
| Free Cash Flow Per Share | 0.04 | -0.08 | -0.02 | -0.35 | -0.54 | -0.61 |
| Levered Free Cash Flow | 8.72M | 492.88K | 8.60M | -8.50M | -5.28M | 12.91M |
| Unlevered Free Cash Flow | 8.64M | 416.88K | 8.53M | -8.58M | -5.34M | 12.95M |
| Cash Interest Paid | 57.00K | 57.00K | 93.00K | 79.00K | 64.00K | 148.00K |
| Cash Income Tax Paid | 94.00K | 45.00K | 85.00K | 127.00K | 69.00K | |
| Change in Working Capital | 6.60M | 1.20M | 15.40M | 1.03M | -2.08M | -9.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 86.63M | 156.34M | 251.03M | 101.32M | 183.50M | 242.92M |
| Enterprise Value | 58.46M | 115.69M | 196.07M | 32.87M | 105.96M | 157.92M |
| Last Close Price | 1.12 | 2.32 | 4.19 | 2.01 | 4.09 | 7.05 |
| PS Ratio | 0.51 | 0.97 | 1.62 | 0.61 | 1.12 | 1.76 |
| PB Ratio | 1.83 | 4.39 | 5.84 | 1.64 | 2.24 | 2.32 |
| P/TBV Ratio | 2.11 | 3.26 | 4.07 | 1.17 | 1.74 | 1.96 |
| EV/Sales Ratio | 0.34 | 0.72 | 1.26 | 0.20 | 0.65 | 1.14 |
| Debt / Equity Ratio | 0.01 | 0.02 | 0.03 | 0.03 | 0.01 | 0.00 |
| Debt / FCF Ratio | 0.11 | |||||
| Net Debt / Equity Ratio | -0.85 | -0.69 | -0.68 | -0.49 | -0.57 | -0.70 |
| Net Debt / EBITDA Ratio | 5.10 | 2.82 | 1.45 | 1.08 | 0.99 | 0.84 |
| Net Debt / FCF Ratio | -9.70 | 4.93 | 22.54 | 1.68 | 2.00 | 3.48 |
| Asset Turnover | 2.68 | 2.45 | 1.95 | 1.75 | 1.46 | 1.58 |
| Inventory Turnover | 5.34 | 4.30 | 3.13 | 2.95 | 3.15 | 2.84 |
| Quick Ratio | 1.25 | 1.30 | 1.71 | 1.55 | 3.41 | 4.02 |
| Current Ratio | 1.90 | 2.08 | 2.56 | 2.98 | 5.17 | 5.73 |
| Return on Equity (ROE) | -26.54% | -28.43% | -45.42% | -39.46% | -51.14% | -125.06% |
| Return on Assets (ROA) | -6.17% | -9.14% | -16.94% | -19.06% | -26.72% | -62.47% |
| Return on Capital Employed (ROCE) | -18.80% | -27.00% | -49.20% | -45.80% | -58.50% | -83.60% |
| Earnings Yield | -11.68% | -6.35% | -7.97% | -21.21% | -18.45% | -19.72% |
| FCF Yield | 3.35% | -3.20% | -0.52% | -17.66% | -12.74% | -8.62% |
| Buyback Yield / Dilution | -10.16% | -12.50% | -15.93% | -16.45% | -26.18% | -663.77% |