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Zevia PBC (ZVIA) investor relations material
Zevia PBC Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales rose 18.4% YoY to $48.3M; gross margin increased 80 bps to 46.4%, and the Adjusted EBITDA loss narrowed to $0.9M from $1.7M.
Nine-month net sales grew 13.0% to $139.4M; Adjusted EBITDA was income of $0.6M versus a $4.8M loss in 2025.
Financial highlights
Q3 volume rose 14.4% to 3.7M equivalized cases; pricing contributed $1.2M, while lower incentive and discount allowances added $0.4M.
Q3 gross profit increased to $22.4M from $18.6M; net loss was $2.2M versus $2.8M, and loss per share improved to $0.03 from $0.04.
Nine-month gross profit rose to $66.8M from $59.3M; gross margin was 47.9% versus 48.1%.
Nine-month operating cash flow was $5.5M versus cash use of $4.2M; cash and equivalents were $29.5M at September 30, 2026.
Q3 selling and marketing expense was $15.1M, or 31.3% of sales, versus $12.7M, or 31.0%; marketing expense rose to $7.2M from $4.9M.
Outlook and guidance
FY2026 net sales guidance increased to $177M–$179M; Adjusted EBITDA guidance is break-even to a $0.4M loss.
Q4 net sales are forecast at $37.5M–$39.5M, with an Adjusted EBITDA loss of $0.5M–$0.9M.
FY guidance includes $8.5M of incremental fuel and aluminum costs, down from the prior $11M expectation; discontinued tea reduces the outlook by ~2%.
$3M–$5M of additional cost savings are on track from Q1 2027, with plans to reinvest in the strategic reset; warehouse restructuring is expected to generate ~$4M in annualized savings.
Two to three products beyond traditional carbonated soft drinks are planned for digital-first launch in H2 2027, followed by broader rollout in 2028.
- Brand investment and supply-chain resets lay groundwork for faster growth and stronger margins in 2024.ZVIA
Goldman Sachs Global Staples Forum - Innovative zero-sugar beverages, strong loyalty, and expanding distribution drive growth and margin gains.ZVIA
Investor presentation - Q2 2026 net sales rose 1.1% to $45M, with gross margin at 48.9% and higher net loss.ZVIA
Q2 2026 - Director elections and auditor ratification approved with no shareholder questions.ZVIA
AGM 2026 - Strong Q1, new marketing, and innovation set up accelerated growth and profitability.ZVIA
Goldman Sachs Global Staples Forum 2026 - Best-ever quarter, major marketing with Cardi B, and mid-teens long-term growth outlook.ZVIA
21st Annual Global Farm to Market Conference - Net sales up 21.2% with improved profitability and cost-saving initiatives amid input cost pressures.ZVIA
Q1 2026 - Vote on director elections and auditor ratification at the June 2026 annual meeting.ZVIA
Proxy filing - Q4 net sales rose 4.4% with record gross margin; 2025 targets growth and cost savings.ZVIA
Q4 2024
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