Zevia PBC

Zevia PBC reported net sales of $45.0 million for the second quarter of 2026, a slight increase from $44.5 million in the prior year. However, the company's net loss attributable to Zevia PBC significantly widened to $(2.8) million, compared to a net loss of $(0.7) million in Q2 2025. For the first six months of 2026, net sales grew to $91.1 million, and the net loss decreased to $(5.1) million. The company also recorded a $1.9 million litigation reserve and extended its ABL Credit Facility maturity to February 2030.

Zevia PBC announced its second quarter 2026 financial results, reporting a 1.1% year-over-year increase in net sales to $45.0 million, reaching the high end of its outlook. Adjusted EBITDA exceeded expectations at $0.5 million, an improvement from the prior year. However, the company's net loss widened to $2.9 million, primarily due to higher equity-based compensation and restructuring expenses. Zevia reaffirmed its full-year 2026 net sales and Adjusted EBITDA loss outlook, while the new CEO outlined plans for accelerated growth and enhanced profitability.

Zevia PBC announced a leadership transition with Amy E. Taylor resigning as President and CEO, effective June 15, 2026. She will transition to a consultant role and remain on the board. Alexandre I. Ruberti, a current director, has been appointed as the new President and CEO. Mr. Ruberti's compensation package includes a base salary of $638,000, a discretionary bonus potential, and significant long-term incentive awards. The company also revised its Q2 2026 outlook, anticipating net sales at the high end of previous guidance and Adjusted EBITDA at or above its prior range.

Zevia LLC, a subsidiary of Zevia PBC, entered into a First Amendment to its Loan and Security Agreement with Bank of America, N.A. The amendment extends the maturity date of the Secured Revolving Line of Credit to February 22, 2030, and reduces the credit spread adjustment to 0.10%. Additionally, certain financial covenants were updated, including a minimum liquidity requirement of $7,000,000 and a minimum fixed charge coverage ratio of 1.00 to 1.00 under specific conditions.

Zevia PBC reported a significant improvement in its first quarter 2026 financial results. Net sales increased by 21.2% to $46.09 million, while the net loss attributable to Zevia PBC decreased by 56.6% to $2.27 million, resulting in a basic loss per share of $0.03. The company also generated positive net cash from operating activities of $1.64 million, a notable improvement from a net cash outflow in the prior year. Additionally, Zevia recorded a $1.9 million litigation reserve for a misleading claims lawsuit, which has a tentative settlement.

Zevia PBC reported its first quarter 2026 results, achieving record Q1 net sales growth of 21.2% to $46.1 million and positive adjusted EBITDA of $0.9 million, exceeding expectations. Despite these improvements, the company still posted a net loss of $2.4 million. The full-year 2026 outlook for adjusted EBITDA was revised to a loss of $2.0 million to $4.0 million, primarily due to higher fuel and aluminum costs.