Zevia PBC Earnings Recaps
Q2 2026
Aug 7, 2026
Shares of Zevia plunged 15% following earnings as investors reacted negatively to signs of deceleration in execution and a cautious outlook, despite hitting sales guidance. The market penalized the company's acknowledgment of underwhelming in-store execution and the need for urgent improvement in distribution and brand activation.
Key takeaways
- Net sales of $45 million landed at the high end of guidance, yet failed to excite investors.
- Adjusted EBITDA exceeded expectations by $0.5 million, but this was insufficient to offset concerns.
- Management flagged significant shortcomings in go-to-market execution, especially in-store activation and merchandising.
- Strategic priorities focus on expanding singles distribution, improving in-store productivity, and sharpening brand targeting—initiatives viewed as corrective rather than growth drivers.
- CEO emphasized a cautious tone, outlining a “listening tour” and the need for urgent operational improvements, signaling a tempered outlook and potential near-term challenges.
Q3 2025
Nov 6, 2025
Zevia PBC reported a strong Q3 2025, with net sales up 12% year-over-year to $40.8 million, driven by successful brand marketing and innovative product launches, leading to an upward revision of sales and EBITDA guidance.
Key takeaways
- Net sales reached $40.8 million, a 12% increase year-over-year, reflecting strong brand growth.
- Adjusted EBITDA loss improved to $1.7 million, showcasing ongoing operational efficiencies.
- Successful marketing campaigns and new product launches, such as Strawberry Lemon Burst, have significantly boosted consumer engagement and trial.
- Distribution gains at major retailers, including Walmart, are expanding the brand’s presence and consumer base.
- Positive reception to refreshed packaging has enhanced purchase intent and brand visibility in retail channels.