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Zevia PBC
Zevia PBC (ZVIA) investor relations material
Zevia PBC Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Net sales for full year 2025 grew 4% to $161.3 million, with Q4 net sales down 4% to $37.9 million due to timing shifts and lapping expanded Walmart distribution.
Adjusted EBITDA loss improved to $4.7 million for the year, with Q4 adjusted EBITDA turning positive at $50,000.
Net loss for 2025 narrowed to $11.1 million from $23.8 million prior year; Q4 net loss improved to $1.3 million.
Strategic focus on marketing, product innovation, and expanded distribution drove improved financial and competitive positioning.
Andy Ruben appointed Chair of the Board and Suzanne Ginestro as Director.
Financial highlights
Full year gross margin improved to 48%, up 1.6 points year-over-year; Q4 gross margin was 47.7%, down 1.5 points due to channel mix and tariffs.
Selling and marketing expenses for Q4 were $11 million (29.1% of net sales), down from $16.5 million (41.7%) year-over-year.
Cash and cash equivalents at year-end were $25.4 million, with no outstanding debt and a $20 million unused credit line.
Full year selling and marketing expenses fell to $52.4 million (32.5% of sales) from $57.1 million (36.8%).
Q4 loss per share improved to $0.02 from $0.09 year-over-year; full year loss per share improved to $0.15 from $0.34.
Outlook and guidance
2026 net sales expected between $169 million and $173 million, representing 6% growth at midpoint.
Guidance reflects discontinuation of tea line, impacting growth by 1-1.5 points.
Q1 2026 net sales expected between $40 million and $42 million, driven by Costco national program.
Full-year adjusted EBITDA guidance ranges from a loss of $1 million to positive $0.5 million, factoring in $5 million in new aluminum tariffs and reinvestment.
Gross margins expected in the high 40% range from Q2 onward, barring further aluminum cost increases.
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Next Zevia PBC earnings date
Q1 20266 May, 2026
Zevia PBC
Next Zevia PBC earnings date
Q1 20266 May, 2026
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Frequently asked questions
Zevia PBC is a beverage company that produces a range of zero-calorie, naturally sweetened drinks. The company's product offerings include sodas, energy drinks, teas, mixers, and sparkling water, all sweetened with stevia, a plant-based alternative to sugar. Zevia caters to health-conscious consumers seeking sugar-free and non-GMO beverage options, promoting better-for-you products without artificial ingredients. The company is headquartered in Los Angeles, California, and its shares are listed on the NYSE.
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