ZVIA

EX-99.1

2 ex_926991.htm

EXHIBIT 99.1

ex_926991.htm

Exhibit 99.1

Zevia Announces First Quarter 2026 Results

Delivers Record Q1 Net Sales Growth of 21%, Led by Volume Growth

Exceeds Net Sales and Adjusted EBITDA Outlook

LOS ANGELES – May 6, 2026 (BUSINESS WIRE) – Zevia PBC (“Zevia” or the “Company”) (NYSE: ZVIA), the Company bringing naturally delicious, zero sugar, clean-label beverages, today reported results for the first quarter ended March 31, 2026.

First Quarter 2026 Highlights

• Net sales grew 21.2% year over year to $46.1 million

• Gross profit margin was 48.4%, a reduction of 1.7 percentage points year over year

• Net loss was $2.4 million, or $0.03 per share to Zevia’s Class A Common stockholders, including $0.9 million of non-cash equity-based compensation expense, an improvement of $4.0 million year over year

• Adjusted net loss was $0.1 million(1)

• Adjusted EBITDA was $0.9 million(1), an improvement of $4.2 million year over year

“We’re off to a strong start to the year, delivering record sales growth and positive adjusted EBITDA, both of which exceeded our expectations. These results clearly demonstrate the strong progress we are making against our strategic growth pillars," said Amy Taylor, President and CEO of Zevia. “The strength in our business reflects the deliberate actions we’ve taken over the past several quarters to right-size our cost structure and reinvest in marketing, sharpening our innovation pipeline, and driving new distribution. As we build on these successes, we are excited for the rollout of new initiatives from a package design refresh to a robust partnership with a high-reach, high-engagement brand ambassador in Cardi B. The momentum we’re seeing today reinforces our confidence that our brand is resonating with consumers and our strategies are positioning us well for future sustainable profitable growth.”

First Quarter 2026 Results

Net sales improved 21.2% to $46.1 million in the first quarter of 2026 compared to $38.0 million in the first quarter of 2025 due to improved volumes of 20.4%, largely driven by expanded distribution at the Club channel as well as higher volumes in the Mass and E-commerce channels.

Gross profit margin was 48.4% in the first quarter of 2026 compared to 50.1% in the first quarter of 2025, a reduction of 1.7 percentage points. The reduction was primarily due to higher aluminum costs.

Selling and marketing expenses were $14.5 million, or 31.5% of net sales, in the first quarter of 2026 compared to $15.3 million, or 40.3% of net sales in the first quarter of 2025. Selling expenses were $9.4 million, or 20.4% of net sales, in the first quarter of 2026 compared to $9.1 million, or 24.1% of net sales, in the first quarter of 2025, an increase of $0.3 million. The improvement in selling expense, as a percentage of net sales, was primarily due to savings in warehousing and repackaging costs as a result of the Productivity Initiative.

Marketing expenses were $5.2 million, or 11.2% of net sales, in the first quarter of 2026 compared to $6.2 million, or 16.2% of net sales, in the first quarter of 2025, a decrease of $1.0 million due to the timing of marketing campaigns.

(1) Adjusted Net Loss and Adjusted EBITDA are non-GAAP financial measures. See the supplementary schedules in this press release for a discussion of how we define and calculate these measures and a reconciliation thereof to the most directly comparable GAAP measures.

General and administrative expenses were $9.1 million, or 19.7% of net sales, in the first quarter of 2026 compared to $7.0 million, or 18.4% of net sales, in the first quarter of 2025. The increase reflects $2.3 million associated with the settlement of litigation.

Equity-based compensation, a non-cash expense, was $0.9 million in the first quarter of 2026, compared to $0.7 million in the first quarter of 2025. The increase of $0.2 million was largely due to forfeitures in 2025 related to the reduction in workforce and new equity awards issued.

Restructuring expenses were $2.1 million in the first quarter of 2025 and primarily include employee-related severance costs.

Net loss in the first quarter of 2026 was $2.4 million, compared to net loss of $6.4 million in the first quarter of 2025.

Loss per share in the first quarter of 2026 was $0.03 to Zevia’s Class A Common stockholders, compared to loss per share of $0.08 in the first quarter of 2025.

Adjusted net loss in the first quarter of 2026 was $0.1 million compared to an adjusted net loss of $4.2 million in the first quarter of 2025, excluding certain litigation and restructuring costs.

Adjusted EBITDA was $0.9 million in the first quarter of 2026, compared to an Adjusted EBITDA loss of $3.3 million in the first quarter of 2025.

Adjusted net loss and Adjusted EBITDA are non-GAAP financial measures. See the supplementary schedules in this press release for a discussion of how we define and calculate these measures and a reconciliation thereof to the mo

zvia20251113_8k.htm

false 0001854139

0001854139

2026-02-25 2026-02-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): February 25, 2026

ZEVIA PBC

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-40630

86-2862492

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

15821 Ventura Blvd., Suite 135, Encino, CA

91436

(Address of Principal Executive Offices)

(Zip Code)

(424) 343-2654

(Registrant’s Telephone Number, Including Area Code)

Former Name or Former Address, if Changed Since Last Report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.001 per share

ZVIA

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

Zevia PBC ("the Company") issued an earnings release on February 25, 2026, announcing its financial results for the fourth quarter and full year ended December 31, 2025.

A copy of the earnings release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1

Earnings Release of Zevia PBC, dated February 25, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

ZEVIA PBC

Date: February 25, 2026

/s/ GIRISH SATYA

Name:

Girish Satya

Title:

Chief Financial Officer and Principal Accounting Officer

zvia20250815_8k.htm

false 0001854139

0001854139

2025-11-05 2025-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): November 5, 2025

ZEVIA PBC

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-40630

86-2862492

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

15821 Ventura Blvd., Suite 135, Encino, CA

91436

(Address of Principal Executive Offices)

(Zip Code)

(424) 343-2654

(Registrant’s Telephone Number, Including Area Code)

Former Name or Former Address, if Changed Since Last Report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.001 per share

ZVIA

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

Zevia PBC ("the Company") issued an earnings release on November 5, 2025, announcing its financial results for the third quarter ended September 30, 2025.

A copy of the earnings release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1

Earnings Release of Zevia PBC, dated November 5, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

ZEVIA PBC

Date: November 5, 2025

/s/ GIRISH SATYA

Name:

Girish Satya

Title:

Chief Financial Officer and Principal Accounting Officer