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Zevia PBC
(NYSE:ZVIA)
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Rating:56Neutral
Price Target:
$1.50
▲(6.38% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by improving fundamentals (re-accelerating revenue, positive operating/free cash flow, solid gross margin, and very low leverage). Offsetting this is the continued lack of consistent profitability (negative margins/ROE) and a cautious near-term outlook with Q3 and full-year 2026 adjusted EBITDA still guided negative. Technicals are mildly supportive but not yet strong versus the longer-term (below the 200-day), and valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Re-accelerating Revenue Growth
The return to strong trailing revenue growth indicates improving demand, distribution, or product mix after weaker prior periods. Sustaining this trajectory would expand operating scale and create a stronger base for future margin improvement.
Negative Factors
Profitability Remains Unproven
Despite narrower losses, Zevia remains below breakeven and is not yet generating positive returns on shareholder capital. Continued losses can constrain reinvestment and make results highly sensitive to volume, pricing, promotions, and input costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating Revenue Growth
The return to strong trailing revenue growth indicates improving demand, distribution, or product mix after weaker prior periods. Sustaining this trajectory would expand operating scale and create a stronger base for future margin improvement.
Read all positive factors
Zevia PBC (ZVIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$105.96M
Dividend YieldN/A
Average Volume (3M)389.97K
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth7.22%
EPS Growth42.48%
CountryUS
Employees91
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-0.13
Shares Outstanding72,136,510
10 Day Avg. Volume344,593
30 Day Avg. Volume389,970
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)3.00
Price to Sales (P/S)0.95
P/FCF Ratio-30.57
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$2.50Price Target Upside77.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.14
Revenue Forecast (FY)$174.19M
Zevia PBC Business Overview & Revenue Model
Company Description
Zevia PBC operates as a drinks company, involved in the creation, marketing, sale, and supply of various sparkling and still soft beverages across both the United States and Canada. Their extensive product line includes traditional sodas, invigora...
How the Company Makes Money
Zevia makes money primarily by selling packaged beverages to customers such as retailers, distributors, and other channel partners. Its core revenue stream is net sales from its branded drink portfolio (including soda, energy drinks, and teas), ge...
Zevia PBC Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: clear positive momentum in brand awareness (notably the Cardi B campaign), modest improvements in operating metrics (improved adjusted EBITDA, gross margin tick up, selling cost efficiency), a sizeable strategic opportunity in single-serve cans, and a solid liquidity position. However, near-term volume growth remains limited, significant macro cost pressures (aluminum and fuel) are expected to weigh on margins in the back half of 2026, the company is guiding to a Q3 EBITDA loss and a full-year negative EBITDA, and several growth initiatives (singles, expanded distribution, improved in-store execution) are still in early stages and will take time to drive results. Overall, positives and negatives are roughly balanced, with management focused on execution and cost savings to drive improvement over time.Positive Updates
Q2 Net Sales and YTD Growth
Q2 net sales of $45.0M, up 1.1% year-over-year; year-to-date (first half) net sales increased 10.4% to $91.1M (note: includes discontinuation of tea beginning in Q2).
Negative Updates
Modest Q2 Revenue Growth and Reliance on Pricing
Q2 organic revenue growth was modest (+1.1%) with management noting the increase was primarily driven by pricing actions rather than volume expansion.
Read all updates
Q2-2026 Updates
Positive
Negative
Q2 Net Sales and YTD Growth
Q2 net sales of $45.0M, up 1.1% year-over-year; year-to-date (first half) net sales increased 10.4% to $91.1M (note: includes discontinuation of tea beginning in Q2).
Read all positive updates
Company Guidance
Zevia guided third-quarter 2026 net sales of $44–$46 million (about 10% growth at the midpoint) with an adjusted EBITDA loss of $3.0–$3.5 million and an expected gross margin of ~46% (down from Q2’s 48.9%); for full-year 2026 it reiterated net sales of $170–$175 million (≈7% growth at the midpoint, including ~1.5 percentage points from the tea discontinuation) and adjusted EBITDA of negative $2–$4 million, noting that the outlook incorporates roughly $11 million of elevated fuel and aluminum-related costs and that the company expects $3–$5 million of incremental cost savings beginning in Q1 2027; for context, Q2 results were $45 million of net sales, ~ $0.5 million adjusted EBITDA, first-half net sales of $91.1 million (up 10.4% year‑to‑date), cash of ~$28.5 million and an undrawn $20 million revolver.Zevia PBC Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.80M | 161.26M | 155.05M | 166.42M | 163.18M | 138.17M |
| Gross Profit | 79.97M | 76.55M | 71.93M | 74.76M | 70.02M | 63.94M |
| EBITDA | -8.48M | -10.24M | -20.19M | -26.66M | -46.23M | -86.64M |
| Net Income | -9.11M | -10.08M | -20.00M | -21.49M | -33.86M | -47.90M |
Balance Sheet | ||||||
| Total Assets | 64.18M | 63.62M | 67.95M | 90.86M | 98.93M | 124.99M |
| Cash, Cash Equivalents and Short-Term Investments | 28.47M | 25.35M | 30.65M | 31.95M | 47.40M | 73.11M |
| Total Debt | 309.00K | 668.00K | 1.31M | 1.95M | 715.00K | 237.00K |
| Total Liabilities | 30.88M | 28.02M | 25.01M | 29.09M | 17.15M | 20.43M |
| Stockholders Equity | 44.13M | 51.04M | 64.88M | 89.88M | 109.95M | 128.48M |
Cash Flow | ||||||
| Free Cash Flow | 2.90M | -5.01M | -1.30M | -17.90M | -23.70M | -20.95M |
| Operating Cash Flow | 3.56M | -4.70M | -1.02M | -16.27M | -21.11M | -17.81M |
| Investing Cash Flow | -656.00K | -307.00K | -283.00K | 805.00K | 27.41M | -33.14M |
| Financing Cash Flow | -732.00K | -289.00K | 0.00 | 25.00K | -2.01M | 79.12M |
Zevia PBC Technical Analysis
Negative
1.41
Price Trends
1.54
Negative
1.46
Negative
1.65
Negative
Market Momentum
-0.04
Negative
42.96
Neutral
30.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZVIA, the sentiment is Negative. The current price of 1.41 is above the 20-day moving average (MA) of 1.36, below the 50-day MA of 1.54, and below the 200-day MA of 1.65, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 42.96 is Neutral, neither overbought nor oversold. The STOCH value of 30.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.16B | 28.76 | 31.09% | ― | 26.10% | 69.15% | |
67 Neutral | $3.02B | 16.45 | 32.19% | 10.44% | -1.73% | -1.71% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | $105.96M | -10.28 | -19.05% | ― | 7.22% | 42.48% | |
51 Neutral | $449.32M | -3.38 | -3133.06% | ― | 11.40% | 36.08% | |
44 Neutral | $20.22M | -5.46 | -295.15% | ― | 82.08% | -12.26% |
* Consumer Defensive Sector Average
ZVIA
Zevia PBC
1.34
-1.15
-46.18%
FIZZ
National Beverage
31.10
-4.42
-12.45%
BRFH
Barfresh Food Group
1.22
-1.78
-59.33%
SHOT
RMG ML Sports Holdings Class A
9.88
0.05
0.51%
OTLY
Oatly Group
13.52
-3.95
-22.59%
COCO
Vita Coco Company
53.27
14.68
38.04%
Zevia PBC Corporate Events
Executive/Board ChangesShareholder Meetings
Zevia Shareholders Back Board Nominees and Auditor Choice
Positive
Jun 15, 2026
On June 10, 2026, Zevia PBC held its 2026 Annual Meeting of Stockholders, where shareholders voted on board composition and governance matters. Stockholders elected Suzanne S. Ginestro and David J. Lee as Class II directors to serve three-year ter...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Zevia Names Alexandre Ruberti CEO Amid Upgraded Outlook
Positive
Jun 15, 2026
On June 10, 2026, Amy E. Taylor resigned as Zevia’s president and CEO, effective June 15, 2026, and she is set to remain a Class I director while consulting through August 7, 2026, as she departs to lead NWSL’s Angel City Football Club...
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.