ZVIA · Zevia Pbc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.09M | - | $40.84M | $44.52M | $38.02M | - | $36.37M | $40.43M | $38.80M | - |
| Cost of Revenue | $23.80M | - | $18.52M | $22.83M | $18.99M | - | $18.52M | $23.48M | $21.08M | - |
| Gross Profit | $22.29M | - | $18.62M | $21.69M | $19.04M | - | $17.85M | $16.94M | $17.72M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.07M | - | $7.67M | $8.08M | $6.98M | - | $7.38M | $7.69M | $8.12M | - |
| Total Operating Expenses | $24.66M | - | $21.49M | $22.71M | $25.42M | - | $20.81M | $24.01M | $25.00M | - |
| D&A | $168.0K | - | $202.0K | $236.0K | $252.0K | - | $310.0K | $403.0K | $328.0K | - |
| Operating Income | ($2.37M) | - | ($2.87M) | ($1.02M) | ($6.39M) | - | ($2.96M) | ($7.07M) | ($7.28M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $37.0K | - | ($32.0K) | $17.0K | $41.0K | - | ($4.0K) | $34.0K | $13.0K | - |
| Net Income | ($2.27M) | - | ($2.69M) | ($697.0K) | ($5.23M) | - | ($2.53M) | ($5.89M) | ($5.82M) | - |
| EPS - Basic | ($0.03) | - | ($0.04) | ($0.01) | ($0.08) | - | ($0.04) | ($0.10) | ($0.10) | - |
| EPS - Diluted | ($0.03) | - | ($0.04) | ($0.01) | ($0.08) | - | ($0.04) | ($0.10) | ($0.10) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $26.59M | $25.35M | $30.65M | $26.30M | $27.72M | $30.65M | $32.69M | $28.94M | $28.72M | $31.95M |
| Accounts Receivable | $9.07M | $11.11M | $12.61M | $13.12M | $8.80M | $10.79M | $10.01M | $11.35M | $14.05M | $11.12M |
| Inventory | $15.23M | $20.39M | $14.13M | $15.74M | $17.11M | $18.62M | $20.69M | $22.25M | $30.62M | $34.55M |
| Accounts Payable | $14.25M | $17.57M | $13.86M | $14.38M | $13.88M | $15.29M | $14.87M | $12.13M | $19.05M | $21.17M |
| Current Assets | $52.67M | $58.22M | $54.51M | $56.91M | $56.33M | $61.91M | $66.06M | $65.50M | $77.35M | $82.69M |
| Total Assets | $57.93M | $63.62M | $60.01M | $62.45M | $61.97M | $67.95M | $72.86M | $72.77M | $85.06M | $90.86M |
| Current Liabilities | $23.79M | $28.02M | $23.97M | $24.30M | $24.03M | $24.22M | $23.19M | $21.20M | $27.79M | $27.72M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $23.79M | $28.02M | $24.21M | $24.75M | $24.67M | $25.01M | $24.14M | $22.25M | $29.01M | $29.09M |
| Stockholders' Equity | $44.86M | $51.04M | $51.25M | $53.02M | $53.73M | $64.88M | $72.51M | $74.99M | $80.28M | $89.88M |
| Retained Earnings | ($133.53M) | ($131.26M) | ($129.95M) | ($127.27M) | ($126.57M) | ($121.34M) | ($115.58M) | ($113.05M) | ($107.16M) | ($101.34M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.64M | - | - | - | ($2.92M) | - | - | - | ($3.20M) | - |
| Investing Cash Flow | ($270.0K) | - | - | - | ($11.0K) | - | - | - | ($33.0K) | - |
| Financing Cash Flow | ($131.0K) | - | - | - | $0 | - | - | - | $0 | - |
| CapEx | $270.0K | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | $1.37M | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.4% | - | 45.6% | 48.7% | 50.1% | - | 49.1% | 41.9% | 45.7% | - |
| Operating margin | -5.1% | - | -7.0% | -2.3% | -16.8% | - | -8.2% | -17.5% | -18.8% | - |
| EBITDA margin | -4.8% | - | -6.5% | -1.8% | -16.1% | - | -7.3% | -16.5% | -17.9% | - |
| Net margin | -4.9% | - | -6.6% | -1.6% | -13.7% | - | -6.9% | -14.6% | -15.0% | - |
| Free cash flow margin | 3.0% | - | - | - | - | - | - | - | - | - |
| FCF / Net income | -0.60 | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.7% | - | 18.8% | 18.2% | 18.4% | - | 20.3% | 19.0% | 20.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.9% | - | -4.5% | -1.1% | -8.4% | - | -3.5% | -8.1% | -6.8% | - |
| Return on equity | -5.1% | - | -5.2% | -1.3% | -9.7% | - | -3.5% | -7.9% | -7.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.21 | 2.08 | 2.27 | 2.34 | 2.34 | 2.56 | 2.85 | 3.09 | 2.78 | 2.98 |
| Quick ratio | 1.57 | 1.35 | 1.68 | 1.69 | 1.63 | 1.79 | 1.96 | 2.04 | 1.68 | 1.74 |
| Cash ratio | 1.12 | 0.90 | 1.28 | 1.08 | 1.15 | 1.27 | 1.41 | 1.37 | 1.03 | 1.15 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.29 | 1.25 | 1.17 | 1.18 | 1.15 | 1.05 | 1.00 | 0.97 | 1.06 | 1.01 |
| Liabilities / Assets | 0.41 | 0.44 | 0.40 | 0.40 | 0.40 | 0.37 | 0.33 | 0.31 | 0.34 | 0.32 |
| Efficiency | ||||||||||
| Asset turnover | 0.80 | - | 0.68 | 0.71 | 0.61 | - | 0.50 | 0.56 | 0.46 | - |
| Inventory turnover | 1.56 | - | 1.31 | 1.45 | 1.11 | - | 0.89 | 1.06 | 0.69 | - |
| Days sales outstanding | 72d | - | 113d | 108d | 84d | - | 100d | 102d | 132d | - |
| Days inventory outstanding | 234d | - | 279d | 252d | 329d | - | 408d | 346d | 530d | - |
| Days payable outstanding | 219d | - | 273d | 230d | 267d | - | 293d | 189d | 330d | - |
| Cash conversion cycle | 87d | - | 118d | 129d | 147d | - | 215d | 260d | 333d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.8x | - | 3.6x | 4.0x | 3.1x | - | 0.9x | 0.5x | 0.8x | - |
| P / S | 1.7x | - | 4.5x | 4.8x | 4.3x | - | 1.8x | 1.0x | 1.7x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 21.2% | - | 12.3% | 10.1% | -2.0% | - | -15.6% | -4.3% | -10.4% | - |
| Revenue CAGR (3y) | 2.1% | - | -2.6% | -0.8% | -0.0% | - | -2.3% | 5.6% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 17.1% | - | 4.3% | 28.0% | 7.4% | - | -8.8% | -14.0% | -11.9% | - |
| Operating income growth (YoY) | 62.8% | - | 3.1% | 85.6% | 12.3% | - | 74.0% | -31.5% | -124.0% | - |
| Net income growth (YoY) | 56.6% | - | -6.3% | 88.2% | 10.3% | - | 69.2% | -49.9% | -178.5% | - |
| EPS growth (YoY) | 62.5% | - | 0.0% | 90.0% | 20.0% | - | 75.0% | -25.0% | -150.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -16.5% | -21.3% | -29.3% | -29.3% | -33.1% | -27.8% | -28.4% | -30.5% | -26.7% | -18.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$161.26M totalUS$144.93M · 89.9%
CA$16.33M · 10.1%
Peer comparison
Same SIC group: Bottled & Canned Soft Drinks & Carbonated Waters
Comparing Zevia PBC against the 5 most active filers in the same SIC group.