| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 46.09 | 21.2% |
| Total Income | 46.09 | 21.2% |
| Expenditure | 48.46 | 9.1% |
| PBT | -2.33 | 63.2% |
| Net Profit | -2.27 | 56.6% |
| OPM | -5.15% | 11.65pp |
| NPM | -4.92% | 8.82pp |
| EPS | -0.03 | 62.5% |
Zevia Reports Q1 2026 Net Sales Growth of 21.2%
07 May 2026 · 7 May, 1:47 am
Summary
Zevia PBC reported a 21.2% increase in net sales to $46.1 million for the first quarter of 2026, driven by a 20.4% increase in volume. The gross profit margin decreased by 1.7 percentage points to 48.4%, primarily due to higher aluminum costs. The company's net loss improved by $4.0 million year over year to $2.4 million, or $0.03 per share. For the full year 2026, Zevia expects net sales to be between $170 million and $175 million, with an adjusted EBITDA loss between $2.0 million and $4.0 million.
Key Highlights
- 1
Net sales grew by 21.2% year over year to $46.1 million in the first quarter of 2026.
- 2
The gross profit margin was 48.4% in the first quarter of 2026, a reduction of 1.7 percentage points year over year.
- 3
Zevia reported a net loss of $2.4 million, or $0.03 per share, in the first quarter of 2026, an improvement of $4.0 million year over year.
- 4
Adjusted EBITDA was $0.9 million in the first quarter of 2026, an improvement of $4.2 million year over year.
- 5
The company expects net sales to be in the range of $170 million to $175 million for the full year 2026.
- 6
Zevia anticipates an adjusted EBITDA loss of between $2.0 million and $4.0 million for the full year 2026.
- 7
For the second quarter of 2026, the company expects net sales to be in the range of $43.0 million to $45.0 million.
Management Comments
Amy Taylor
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. 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.”
Girish Satya
Our first quarter performance reflects the strong execution of our Productivity Initiative that enabled investment into our strategic growth pillars. The traction we are gaining is becoming increasingly evident in our net sales results, and we are excited to see growth continue through the remainder of 2026 and beyond. With respect to adjusted EBITDA, despite the better-than-expected Q1 results, higher fuel and aluminum costs are estimated to have an additional $6 million impact, on top of the $5 million in incremental aluminum costs we incorporated into our prior guidance. Barring these macro-related cost pressures, we would have anticipated adjusted EBITDA margin in the mid-single digit range.”
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