Zevia PBC (ZVIA) AI Stock Analysis
ZVIA AI stock analysis summary
AI ResearchZevia PBC is an Encino, California-based beverage company focused on zero-calorie, natural soft drinks. While trailing revenue reached $169.8M, the company remains unprofitable with a trailing operating margin of -3.9%. However, it maintains a strong liquidity cushion, holding $28.5M in cash against just $309,000 in total debt as of June 30, 2026.
- Market cap
- $89.4M
- Revenue (TTM)
- $169.8M
- P/E
- —
- 1Y return
- -46.3% S&P 500 16.8%
- Avg. target
- $3.96 219.2% vs last close
Bull case
- Net losses have substantially decreased from -$47.9M in FY2021 to -$10.1M in FY2025 alongside a gross margin improvement to 47.5%.
- The company maintains balance sheet strength with $28.5M in cash and short-term investments against total debt of only $309,000 as of June 30, 2026.
- Analysts maintain 5 Strong Buy ratings and set a mean price target of $3.96, representing 219.2% upside from the October 16, 2026 close of $1.24.
Bear case
- Operations remain in the red, generating a trailing twelve-month profit margin of -5.3% and EPS of -$0.13.
- Free cash flow has remained negative across all reported periods, finishing at -$5.0M in FY2025.
- Zevia shares fell 46.3% over the past year and have lost 90.0% over the trailing five-year period.
What Zevia PBC does
Established in 2007 and headquartered in Encino, California, Zevia PBC develops, markets, sells, and distributes carbonated and non-carbonated soft drinks across the United States and Canada. Its product lineup includes soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water, all sold under the Zevia brand name. The company emphasizes wellness and sustainability by using natural ingredients and zero-calorie formulations. Products are distributed across diverse channels, including grocery distributors, national retailers, warehouse clubs, natural products retailers, and online e-commerce platforms.
Growth and profitability
Zevia expanded revenue from $138.2M in FY2021 to $163.2M in FY2022 and $166.4M in FY2023, before revenue fell 6.8% to $155.0M in FY2024. In FY2025, revenue increased 4.0% to $161.3M, contributing to a 5-year revenue CAGR of 7.9% from FY2020. Gross margin rose to 47.5% in FY2025, up from 42.9% in FY2022. Net loss narrowed from -$47.9M in FY2021 to -$10.1M in FY2025, reducing its operating margin loss from -63.3% to -6.0%. In the trailing twelve months through June 30, 2026, revenue totaled $169.8M with quarterly revenue growth of 1.1%, while profit margin was -5.3%.
Balance sheet and cash flow
As of June 30, 2026, Zevia held $28.5M in cash and short-term investments with total debt of $309,000, leaving net cash of $28.2M. The company reported a current ratio of 1.90 and a debt-to-equity ratio of 0.01 on shareholders' equity of $44.1M. Operating cash flow improved to -$4.7M and free cash flow stood at -$5.0M in FY2025, compared to -$21.1M and -$23.7M in FY2022. Capital expenditures were $307,000 in FY2025, while share count rose 108.5% over the prior five years.
Valuation and performance
At its last close of $1.24 on October 16, 2026, Zevia had a market capitalization of $89.4M and an enterprise value of $64.9M. The stock trades at a price-to-sales multiple of 0.5x, below the 0.7x median of its US-listed Consumer Defensive peers. Its price-to-book ratio is 2.1x, and its EV-to-revenue multiple is 0.4x. Over the past year, Zevia fell 46.3%, trailing the S&P 500 (SPY) gain of 16.8%. Over five years, the stock dropped 90.0%, compared to an 83.0% advance for SPY.
What analysts expect
Wall Street analysts hold 5 Strong Buy ratings and 1 Hold rating on Zevia, with no Buy, Sell, or Strong Sell recommendations. The mean price target is $3.96, which stands 219.2% above the last closing price of $1.24. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $174.2M and EPS of -$0.13. For next fiscal year, 4 analysts estimate revenue of $184.7M and EPS of -$0.07. Zevia has beaten EPS estimates in 3 of the last 4 quarters, with its next earnings date on November 4, 2026.
Key risks and what to watch
- Shareholder value faces dilution after the company's share count increased 108.5% over a five-year span.
- Top-line expansion has slowed, as quarterly revenue growth was limited to 1.1% for the period ended June 30, 2026.
- A trailing return on equity of -26.5% underscores ongoing erosion of book value due to continuous net losses.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this ZVIA AI stock analysis
This page is an AI-written research summary of Zevia PBC (ZVIA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: ZVIA income statement, ZVIA balance sheet, ZVIA key metrics, ZVIA analyst forecast, ZVIA chart. See the ZVIA stock overview for the latest quote and news.
ZVIA AI stock analysis FAQ
Does Zevia PBC pay a dividend?
No, Zevia PBC does not pay a dividend.
What is Zevia's cash and debt position?
As of June 30, 2026, Zevia held $28.5M in cash and short-term investments and $309,000 in total debt, giving it a net cash balance of $28.2M.
When is Zevia's next earnings report?
Zevia is scheduled to report its next quarterly financial results on November 4, 2026.
What do analysts expect for Zevia's future revenue?
Analysts estimate revenue of $174.2M for the fiscal year ending December 31, 2026, and $184.7M for the subsequent fiscal year.