Zevia PBC income statement
In fiscal 2025, Zevia PBC reported revenue of $161m, up 4.0% on the year before, operating income of −$11.8m (a -7.3% margin) and net income of −$9.9m, or −$0.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 110 | 138 | 163 | 166 | 155 | 161 | 170 |
| Cost of revenue | 61 | 74 | 93 | 92 | 83 | 84 | 89 |
| Gross profit | 50 | 64 | 70 | 75 | 72 | 77 | 81 |
| Selling and marketing | 27 | 45 | 53 | 62 | 57 | 52 | 51 |
| General and administrative | 19 | 28 | 37 | 31 | 30 | 30 | 33 |
| Operating income | −5 | −87 | −48 | −29 | −24 | −12 | −10 |
| Income before tax | −6 | −88 | −48 | −28 | −24 | −11 | −9 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −6 | −88 | −48 | −21 | −20 | −10 | −9 |
| Diluted EPS | — | −$1.33 | −$0.81 | −$0.41 | −$0.34 | −$0.15 | −$0.14 |
| Diluted shares (average) | — | 34m | 43m | 51m | 59m | 66m | 65m |
| EBITDA | −5 | −86 | −47 | −27 | −22 | −11 | −9 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 36 | 39 | 38 | 45 | 41 | 38 | 46 | 45 |
| Cost of revenue | 19 | 20 | 19 | 23 | 22 | 20 | 24 | 23 |
| Gross profit | 18 | 19 | 19 | 22 | 19 | 18 | 22 | 22 |
| Selling and marketing | 12 | 16 | 15 | 13 | 13 | 11 | 15 | 13 |
| General and administrative | 7 | 7 | 7 | 8 | 8 | 7 | 9 | 9 |
| Operating income | −3 | −6 | −6 | −1 | −3 | −2 | −2 | −3 |
| Income before tax | −3 | −7 | −6 | −1 | −3 | −1 | −2 | −3 |
| Income tax | −0 | 0 | 0 | 0 | −0 | 0 | 0 | 0 |
| Net income | −3 | −6 | −5 | −1 | −3 | −1 | −2 | −3 |
| Diluted EPS | −$0.04 | −$0.09 | −$0.08 | −$0.01 | −$0.04 | −$0.02 | −$0.03 | −$0.04 |
| EBITDA | −3 | −6 | −6 | −1 | −3 | −1 | −2 | −3 |
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