Zevia PBC (NYSE:ZVIA) Issues Quarterly Earnings Results

Key Points

• Zevia beat quarterly expectations: It reported EPS of ($0.03), versus estimates of ($0.05), and revenue of $48.34 million, above the $44.80 million consensus. Net sales rose 18.4%, while its adjusted EBITDA loss narrowed to $0.9 million from $1.7 million a year earlier.
• The company raised its 2026 outlook to $177 million–$179 million in net sales and adjusted EBITDA ranging from break-even to a $0.4 million loss. Zevia said a subsequent $20 million equity investment will bring cash on hand to about $50 million.
• Management expects fourth-quarter sales growth of about 2% at the midpoint and an adjusted EBITDA loss of $0.5 million–$0.9 million; it also cited early traction in growth initiatives, including stronger food-channel velocity and plans to expand distribution.

Zevia PBC (NYSE:ZVIA - Get Free Report) released its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02, FiscalAI reports. The company had revenue of $48.34 million for the quarter, compared to the consensus estimate of $44.80 million. Zevia PBC had a negative net margin of 5.34% and a negative return on equity of 16.92%.

Here are the key takeaways from Zevia PBC's conference call:

• Third-quarter results beat expectations: Net sales rose 18.4% to $48.3 million, driven by club-channel volume, e-commerce strength and pricing; adjusted EBITDA loss narrowed to $0.9 million from $1.7 million a year earlier.
• Zevia raised its 2026 outlook, forecasting net sales of $177 million–$179 million and adjusted EBITDA between break-even and a $0.4 million loss. The company ended the quarter with $29.5 million in cash and said its subsequent $20 million equity investment will bring cash on hand to about $50 million.
• The company reported early traction from its growth initiatives, including a 4% increase in food-channel dollar velocity, strong sell-through of its Cherry Lime online exclusive, and plans to expand singles distribution and test programs at Target and Sam’s Club.
• Management expects fourth-quarter sales growth of about 2% at the midpoint and an adjusted EBITDA loss of $0.5 million–$0.9 million. It plans to launch two to three products outside traditional soda in the second half of 2027, with broader rollout in 2028; supporting innovation is expected to increase near-term marketing spend, though management says the new products should improve margins over time.

Zevia PBC Stock Performance

ZVIA stock traded up $0.02 during midday trading on Wednesday, hitting $1.19. 237,662 shares of the company's stock were exchanged, compared to its average volume of 716,254. The stock's fifty day moving average price is $1.28 and its 200-day moving average price is $1.43. The company has a market cap of $92.05 million, a PE ratio of -9.15 and a beta of 0.96. Zevia PBC has a one year low of $1.11 and a one year high of $2.78.

Analyst Ratings Changes

ZVIA has been the subject of several analyst reports. Weiss Ratings upgraded shares of Zevia PBC from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, October 26th. Wall Street Zen cut Zevia PBC from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.50.

About Zevia PBC

Zevia PBC is a beverage company that develops and markets zero-sugar, zero-calorie drinks made without artificial sweeteners. Its portfolio is centered on Zevia Soda, a line of naturally sweetened carbonated soft drinks available in flavors such as cola, citrus, root beer and ginger ale.

The company also offers Zevia Energy drinks and other beverage products designed for consumers seeking alternatives to traditional soft drinks. Zevia products use plant-based sweeteners, including stevia, and are generally positioned as beverages with simple ingredients and no artificial colors.

Founded in 2007, Zevia sells its products primarily in the United States and Canada through grocery stores, mass merchants, warehouse clubs, natural and specialty retailers, convenience stores, online channels and food-service distributors.

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