Zevia PBC (ZVIA) Income Statement
ZVIA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsZVIA revenue and net income
Where ZVIA's revenue goes
2025Each bar shows an amount and its share of revenue. ZVIA kept −6.3% of revenue as net income.
ZVIA profit margins
ZVIA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.0% | −0.4% | +7.9% | — |
| Gross profit | +6.4% | +3.0% | +9.1% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZVIA quarterly EPS vs estimates
Zevia PBC beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.05).
ZVIA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $161.3M | $155.0M | $166.4M | $163.2M | $138.2M | $110.0M | $85.6M |
| Cost of revenue | $84.7M | $83.1M | $91.7M | $93.2M | $74.2M | $60.5M | $48.7M |
| Gross profit | $76.6M | $71.9M | $74.8M | $70.0M | $63.9M | $49.5M | $36.9M |
| Sales, general & admin | $82.4M | $92.1M | $102.1M | $116.5M | $150.4M | $54.0M | $41.6M |
| Total operating expenses | $86.2M | $95.6M | $103.7M | $117.9M | $151.4M | $55.0M | $42.4M |
| Operating income | −$9.6M | −$23.7M | −$28.9M | −$47.9M | −$87.4M | −$5.5M | −$5.5M |
| Interest expense | — | — | — | $14.1M | $39.6M | $0 | $0 |
| Income before taxes | −$11.1M | −$23.7M | −$28.3M | −$47.6M | −$87.6M | −$6.1M | −$5.4M |
| Income taxes | $54,000 | $66,000 | $52,000 | $65,000 | $34,000 | $725,703 | $614,140 |
| Net income | −$10.1M | −$20.0M | −$21.5M | −$33.9M | −$47.9M | −$6.1M | −$5.4M |
| EBITDA | −$10.2M | −$20.2M | −$26.7M | −$46.2M | −$86.6M | −$4.5M | −$4.7M |
| EPS (diluted) | −$0.15 | −$0.28 | −$0.41 | −$0.85 | $0.18 | $0.11 | −$0.09 |
| Gross margin | 47.5% | 46.4% | 44.9% | 42.9% | 46.3% | 45.0% | 43.1% |
| Operating margin | −6.0% | −15.3% | −17.4% | −29.3% | −63.3% | −5.0% | −6.4% |
| Net margin | −6.3% | −12.9% | −12.9% | −20.7% | −34.7% | −5.5% | −6.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.0M | $46.1M | $37.9M | $40.8M | $44.5M | $38.0M | $39.5M | $36.4M | $40.4M | $38.8M | $37.8M | $43.1M |
| Cost of revenue | $23.0M | $24.0M | $20.7M | $22.2M | $22.8M | $19.0M | $20.0M | $18.5M | $23.5M | $21.1M | $22.4M | $23.5M |
| Gross profit | $22.0M | $22.1M | $17.2M | $18.6M | $21.7M | $19.0M | $19.4M | $17.9M | $16.9M | $17.7M | $15.4M | $19.6M |
| Sales, general & admin | $21.6M | $23.6M | $15.7M | $21.3M | $22.4M | $23.0M | $24.3M | $20.4M | $22.7M | $24.7M | $23.9M | $30.6M |
| Total operating expenses | $24.9M | $24.5M | $16.6M | $21.5M | $22.7M | $25.4M | $25.8M | $20.8M | $24.0M | $25.0M | $24.3M | $31.0M |
| Operating income | −$2.9M | −$2.4M | $655,000 | −$2.9M | −$1.0M | −$6.4M | −$6.3M | −$3.0M | −$7.1M | −$7.3M | −$8.9M | −$11.4M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $1.2M | — |
| Income before taxes | −$2.9M | −$2.3M | −$1.3M | −$2.9M | −$634,000 | −$6.3M | −$6.8M | −$2.8M | −$6.9M | −$7.2M | −$9.1M | −$11.3M |
| Income taxes | $12,000 | $37,000 | $28,000 | −$32,000 | $17,000 | $41,000 | $23,000 | −$4,000 | $34,000 | $13,000 | $21,000 | −$5,000 |
| Net income | −$2.8M | −$2.3M | −$1.4M | −$2.7M | −$697,000 | −$5.2M | −$5.8M | −$2.5M | −$5.9M | −$5.8M | −$7.3M | −$8.2M |
| EBITDA | −$2.7M | −$2.2M | −$1.1M | −$2.7M | −$749,000 | −$4.0M | −$4.9M | −$2.5M | −$5.8M | −$6.9M | −$8.7M | −$10.8M |
| EPS (diluted) | −$0.03 | −$0.00 | −$0.02 | −$0.04 | −$0.01 | −$0.08 | −$0.08 | −$0.04 | −$0.06 | −$0.10 | −$0.14 | −$0.16 |
| Gross margin | 48.9% | 48.0% | 45.4% | 45.6% | 48.7% | 50.1% | 49.2% | 49.1% | 41.9% | 45.7% | 40.7% | 45.4% |
| Operating margin | −6.4% | −5.1% | 1.7% | −7.0% | −2.3% | −16.8% | −16.1% | −8.2% | −17.5% | −18.8% | −23.5% | −26.5% |
| Net margin | −6.2% | −4.9% | −3.6% | −6.6% | −1.6% | −13.7% | −14.6% | −6.9% | −14.6% | −15.0% | −19.2% | −19.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZVIA's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZVIA financial results
In fiscal year 2025 (ended December 31, 2025), Zevia PBC reported revenue of $161.3 million, up 4.0% from the year before. It had a net loss of $10.1 million, a net profit margin of −6.3%. Diluted earnings per share came to −$0.15. Over five years revenue grew at an average rate of 7.9% a year.
See the ZVIA stock overview for the latest quote and news, or the ZVIA chart for price history and technical indicators.
ZVIA income statement FAQ
What is Zevia PBC's annual revenue?
Zevia PBC reported total revenue of $161.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.0% from $155.0 million the previous year.
Is Zevia PBC profitable?
No. Zevia PBC reported a net loss of $10.1 million in fiscal 2025, a net profit margin of −6.3%; its operating margin was −6.0%.
What is Zevia PBC's gross margin?
Zevia PBC's gross margin was 47.5% in fiscal 2025: for every $100 of revenue, Zevia PBC kept $47 after the direct cost of its products and services.
How fast is Zevia PBC growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $110.0 million to $161.3 million.
What are Zevia PBC's earnings per share?
Zevia PBC earned $-0.15 per diluted share in fiscal 2025, compared with $-0.28 a year earlier.
When will Zevia PBC report its next earnings?
Zevia PBC is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Zevia PBC's fiscal year end?
Zevia PBC's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.