Zevia Pbc Class A (ZVIA)
NYSE:ZVIA
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Zevia PBC
(NYSE:ZVIA)
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Rating:52Neutral
Price Target:
$1.50
▲(21.95% Upside)
Action:Reiterated
Date:05/16/26
The score is driven mainly by improving operating trends and a low-leverage balance sheet, but capped by continued losses and negative free cash flow. Technicals are neutral (near-term improving vs. longer-term downtrend), while valuation is constrained by negative earnings and no dividend support. Earnings call takeaways add modest support via raised sales guidance and Q1 EBITDA improvement, but cost headwinds keep full-year profitability negative.
Positive Factors
Conservative balance sheet
Extremely low leverage gives Zevia durable financial flexibility to fund working capital, marketing, or supply-chain fixes without refinancing stress. With cash on hand and an undrawn revolver noted elsewhere, low debt limits solvency risk and supports multi-quarter investment cadence.
Negative Factors
Material commodity and fuel cost headwinds
An $11M aluminum/fuel headwind is structural for a beverage maker given packaging and freight intensity; sustained input-price inflation can compress gross margins for many quarters, forcing either price increases (risking velocity) or margin erosion that undermines path to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage gives Zevia durable financial flexibility to fund working capital, marketing, or supply-chain fixes without refinancing stress. With cash on hand and an undrawn revolver noted elsewhere, low debt limits solvency risk and supports multi-quarter investment cadence.
Read all positive factors
Zevia PBC (ZVIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$104.70M
Dividend YieldN/A
Average Volume (3M)590.45K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth9.76%
EPS Growth67.59%
CountryUS
Employees108
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-0.10
Shares Outstanding71,775,240
10 Day Avg. Volume1,179,990
30 Day Avg. Volume590,448
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)3.00
Price to Sales (P/S)0.95
P/FCF Ratio-30.57
Enterprise Value/Market Cap0.68
Enterprise Value/Revenue0.42
Enterprise Value/Gross Profit0.89
Enterprise Value/Ebitda-10.53
Forecast
1Y Price Target
$3.25Price Target Upside164.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.14
Revenue Forecast (FY)$173.49M
Zevia PBC Business Overview & Revenue Model
Company Description
Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. Th...
How the Company Makes Money
Zevia primarily makes money by selling finished beverage products to retail and distribution customers (wholesale revenue). Revenue is generated when Zevia ships product to customers such as grocery, mass, club, convenience, natural products retai...
Zevia PBC Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum — record top-line growth (21.2% YoY), a return to positive adjusted EBITDA for the quarter, marketing and distribution wins (major Cardi B partnership, Costco rotation, retail space gains), and early success from new flavors and packaging. These positives are tempered by meaningful cost pressures: a 170-basis-point gross margin decline, an $11 million aluminum/fuel headwind, litigation costs, and a revised full-year adjusted EBITDA outlook expecting a modest loss. Management is taking cost-out actions and timed marketing/investment strategies to drive longer-term profitability while maintaining liquidity. Overall, the tone is optimistic about sustainable growth potential but realistic and cautious on near-term profitability given macro-driven costs.Positive Updates
Record Sales Growth
Net sales grew 21.2% year-over-year to $46.1 million in Q1 2026 — the highest growth rate since becoming a public company and described as a record sales growth of 21%.
Negative Updates
Gross Margin Pressure
Gross margin declined 170 basis points year-over-year to 48.4% (from 50.1% in Q1 2025), primarily due to higher aluminum costs and, to a lesser extent, a higher mix of club sales.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Sales Growth
Net sales grew 21.2% year-over-year to $46.1 million in Q1 2026 — the highest growth rate since becoming a public company and described as a record sales growth of 21%.
Read all positive updates
Company Guidance
Zevia’s 2026 guidance raises full‑year net sales to $170–$175 million (≈7% growth at the midpoint), with first and third quarters expected to be the biggest growth periods; full‑year adjusted EBITDA is now expected to be negative $2 million to negative $4 million, which incorporates $6 million of incremental 2026 costs (about two‑thirds fuel, remainder fuel‑related aluminum) on top of $5 million of prior aluminum cost headwinds—a combined $11 million hit (if excluded, adjusted EBITDA would be $7–9 million, or roughly mid‑single‑digit margin). The company assumes gross margin roughly in line with Q1’s 48.4% (down 170 bps YoY from 50.1%), and Q2 guidance is for net sales of $43–45 million and an adjusted EBITDA loss of $0.5–1.0 million (including ≈$1 million of restructuring costs for a DC move). Zevia ended Q1 with ~$26.6 million cash, an undrawn $20 million revolver, has taken $20 million of cost out over two years, sees $3–5 million more savings that will materialize late (Q4/early next year), and expects fuel‑related cost impacts to be ratable with a 90–120 day lag to unwind if prices fall.Zevia PBC Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.33M | 161.26M | 155.05M | 166.42M | 163.18M | 138.17M |
| Gross Profit | 79.64M | 76.55M | 71.93M | 74.76M | 70.02M | 63.94M |
| EBITDA | -6.72M | -10.24M | -20.19M | -27.33M | -46.52M | -86.43M |
| Net Income | -7.00M | -10.08M | -20.00M | -21.49M | -33.86M | -47.90M |
Balance Sheet | ||||||
| Total Assets | 57.93M | 63.62M | 67.95M | 90.86M | 98.93M | 124.99M |
| Cash, Cash Equivalents and Short-Term Investments | 26.59M | 25.35M | 30.65M | 31.95M | 47.40M | 73.11M |
| Total Debt | 490.00K | 668.00K | 1.31M | 1.95M | 715.00K | 237.00K |
| Total Liabilities | 23.79M | 28.02M | 25.01M | 29.09M | 17.15M | 20.43M |
| Stockholders Equity | 44.86M | 51.04M | 64.88M | 89.88M | 109.95M | 128.48M |
Cash Flow | ||||||
| Free Cash Flow | -703.00K | -5.01M | -1.30M | -17.90M | -23.70M | -20.95M |
| Operating Cash Flow | -137.00K | -4.70M | -1.02M | -16.27M | -21.11M | -17.81M |
| Investing Cash Flow | -566.00K | -307.00K | -283.00K | 805.00K | 27.41M | -33.14M |
| Financing Cash Flow | -420.00K | -289.00K | 0.00 | 25.00K | -2.01M | 79.12M |
Zevia PBC Technical Analysis
Positive
1.23
Price Trends
1.25
Positive
1.51
Negative
2.06
Negative
Market Momentum
0.02
Negative
54.46
Neutral
53.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZVIA, the sentiment is Positive. The current price of 1.23 is below the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.25, and below the 200-day MA of 2.06, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.46 is Neutral, neither overbought nor oversold. The STOCH value of 53.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ZVIA.
Zevia PBC Risk Analysis
Zevia PBC disclosed 55 risk factors in its most recent earnings report. Zevia PBC reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Zevia PBC Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $4.53B | 22.45 | 25.43% | ― | 23.05% | 36.53% | |
69 Neutral | $3.30B | 19.35 | 35.99% | ― | 1.01% | 1.21% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | $104.70M | -8.80 | -13.99% | ― | 9.76% | 67.59% | |
47 Neutral | $39.87M | -17.05 | -151.77% | ― | 56.30% | 22.45% | |
42 Neutral | $309.44M | -6.59 | -447.55% | ― | 8.84% | 10.68% |
* Consumer Defensive Sector Average
ZVIA
Zevia PBC
1.35
-1.60
-54.24%
FIZZ
National Beverage
34.70
-10.90
-23.90%
BRFH
Barfresh Food Group
2.41
-0.03
-1.03%
OTLY
Oatly Group
9.85
-0.41
-4.00%
COCO
Vita Coco Company
76.45
39.27
105.62%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.