Zevia PBC (NYSE:ZVIA) Issues Earnings Results

Zevia PBC (NYSE:ZVIA) released its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03), Zacks reports. The firm had revenue of $45.00 million for the quarter, compared to analysts’ expectations of $44.21 million. Zevia PBC had a negative return on equity of 13.43% and a negative net margin of 4.11%.

Here are the key takeaways from Zevia PBC’s conference call:

• Second-quarter results exceeded expectations, with net sales up 1.1% to $45 million and adjusted EBITDA of approximately $0.5 million. First-half sales rose 10.4% to $91.1 million, while adjusted EBITDA improved by $4.5 million year over year.
• Management identified singles as Zevia’s most significant growth opportunity, citing limited current penetration and potential to expand household trial. A new go-to-market strategy covering distribution and in-store execution is being developed for implementation beginning in early 2027.
• Zevia expects third-quarter adjusted EBITDA loss of $3 million to $3.5 million and gross margin of roughly 46%, pressured by higher aluminum and fuel costs, promotions, channel mix, and increased marketing investment. The company maintained full-year adjusted EBITDA guidance of a $2 million to $4 million loss.
• The Cardi B “Refreshingly Real” campaign generated substantial early engagement, including nearly 29.5 billion social video views and 1.8 billion earned-media impressions. Initial readings for the new packaging and flavors were also positive in the natural channel, although management said it is too early to assess sustained sales impact.
• Zevia maintained full-year 2026 net sales guidance of $170 million to $175 million, despite discontinuing its tea offering. Management expects $3 million to $5 million of additional cost savings beginning in the first quarter of 2027.

Zevia PBC Price Performance

Shares of NYSE ZVIA opened at $1.72 on Thursday. The stock has a market capitalization of $132.03 million, a P/E ratio of -17.15 and a beta of 0.99. Zevia PBC has a one year low of $1.11 and a one year high of $3.63. The firm’s 50 day simple moving average is $1.57 and its two-hundred day simple moving average is $1.49.

Insiders Place Their Bets

In other Zevia PBC news, major shareholder De Depot Et Placement D. Caisse sold 2,150,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1.90, for a total transaction of $4,085,000.00. Following the completion of the sale, the insider directly owned 11,400,428 shares in the company, valued at $21,660,813.20. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.70% of the stock is owned by corporate insiders.

Institutional Trading of Zevia PBC

A number of institutional investors have recently made changes to their positions in ZVIA. Verition Fund Management LLC raised its stake in shares of Zevia PBC by 115.8% during the fourth quarter. Verition Fund Management LLC now owns 27,995 shares of the company’s stock valued at $65,000 after acquiring an additional 15,024 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Zevia PBC by 125.4% in the third quarter. Alliancebernstein L.P. now owns 46,310 shares of the company’s stock worth $126,000 after acquiring an additional 25,760 shares during the period. CreativeOne Wealth LLC boosted its holdings in Zevia PBC by 45.4% in the third quarter. CreativeOne Wealth LLC now owns 28,162 shares of the company’s stock valued at $77,000 after acquiring an additional 8,787 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Zevia PBC during the 2nd quarter valued at $58,000. Finally, Invesco Ltd. bought a new position in Zevia PBC in the 2nd quarter worth $74,000. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Zevia PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.42.

Zevia PBC Company Profile

Zevia PBC, headquartered in Los Angeles, is a Public Benefit Corporation that produces zero-calorie, naturally sweetened beverages. Founded in 2007, the company went public through a merger with a special purpose acquisition company in March 2021. Zevia’s mission centers on offering healthier drink alternatives by using stevia leaf extract and other plant-based ingredients rather than sugar or artificial sweeteners.

The company’s product portfolio spans multiple categories, including carbonated sodas, sparkling water, energy drinks, mixers and flavored teas.