Every 10-Q that Zevia Pbc (ZVIA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ZVIA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZVIA filings page.
Zevia PBC reported Q2 2026 results with modest top-line growth and continued losses. Net sales were $45.0 million for the quarter and $91.1 million for the first half of 2026, up 10.4% year over year, driven by pricing and higher volume in the first half.
Gross margin stayed strong at about 49%, though aluminum tariffs lifted unit costs. Q2 net loss was $2.9 million (basic and diluted loss per share $0.04); first-half net loss was $5.3 million. Operating expenses reflected higher equity-based compensation, including a Cardi B endorsement grant, and a $1.9 million litigation reserve for a labeling lawsuit with a tentative settlement.
The company is executing a multi-year Productivity Initiative targeted at roughly $20 million in annualized savings and a new warehouse restructuring expected to save about $4.1 million annually once completed. Zevia ended June 30, 2026 with $28.5 million in cash, positive operating cash flow of $4.0 million year-to-date, no borrowings under a $20 million revolving credit facility maturing in 2030, and states that available liquidity should cover operations and planned investments beyond the next 12 months, despite ongoing macro headwinds from tariffs, inflation and higher fuel costs.
Zevia PBC reported higher sales but remained unprofitable for the quarter ended March 31, 2026. Net sales rose to $46,090 (in thousands) from $38,023, driven by a 20.4% increase in equivalized cases sold, especially in club, mass and e‑commerce channels. Gross profit increased to $22,289 (in thousands), though gross margin slipped to 48.4% due to higher unit costs from tariffs, inventory write‑downs and channel mix.
Operating expenses declined overall as prior‑year restructuring costs rolled off, but general and administrative expenses rose to $9,066 (in thousands), mainly from $2,300 (in thousands) of litigation‑related costs, including a $1,900 (in thousands) reserve for a label‑claims lawsuit that has a tentative settlement. Net loss narrowed to $2,363 (in thousands) from $6,371, and cash and cash equivalents were $26,594 (in thousands) with no borrowings on a $20,000 (in thousands) revolving credit line. Management continues a multi‑year Productivity Initiative and has launched a new warehouse restructuring expected to cost about $900 (in thousands) and later yield annualized savings of approximately $2,400 (in thousands).
Zevia PBC reported Q3 2025 results showing higher sales and a narrower loss. Net sales were $40.844 million versus $36.366 million a year ago, with gross profit of $18.617 million. Loss from operations was $2.873 million, and net loss attributable to Zevia PBC was $2.686 million, or $0.04 per share.
For the first nine months, net sales reached $123.391 million (up from $115.591 million), and net loss attributable was $8.609 million versus $14.242 million last year, reflecting improved operating performance after restructuring actions.
Liquidity remained solid with $26.029 million in cash at quarter end and no borrowings outstanding on the $20 million revolving credit facility. The company established an at-the-market equity program of up to $20 million in August 2025 and did not issue shares during the quarter. As of October 31, 2025, there were 67,389,166 Class A shares and 7,614,823 Class B shares outstanding.
Q2 2025 highlights (unaudited): Net sales $44,524 (in thousands) vs $40,426 in Q2 2024 (+10%); gross profit $21,690 (49% margin vs 42%); net loss attributable to Zevia PBC $697 (in thousands) for the three months ended June 30, 2025 vs $5,891 in the prior-year quarter. Cash and cash equivalents $26,301 (in thousands) at June 30, 2025 (Dec 31, 2024: $30,653); inventories $15,740 (in thousands) (Dec 31, 2024: $18,618). Total assets $62,450 and total equity $37,695 at June 30, 2025.
Strategic and balance-sheet notes: The Productivity Initiative (initiated Q2 2024) is expected to yield approximately $20.0 million of annualized benefits; restructuring costs were $31 thousand in Q2 and $2.2 million YTD. Secured revolving credit facility capacity up to $20 million with $0 outstanding at June 30, 2025. A Tax Receivable Agreement (TRA) could generate a potential liability of $58.6 million if related deferred tax assets become realizable; no TRA liability recorded as of June 30, 2025.