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Zevia PBC ( Zevia PBC ) was incorporated as a Delaware public benefit corporation on March 23, 2021, and prior to the consummation of the reorganization and initial public offering ( IPO ), did not conduct any activities other than those incidental to our formation and the IPO. In connection with the completion of the IPO on July 26, 2021, Zevia PBC became a holding company, and its sole materi…
The business is unprofitable at the operating level (-7.31% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 4.0%, steady but not accelerating.
Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$169M
▲ +4.0% YoY
Net Income (TTM)
-$6M
▲ +50.4% YoY
Op. Margin
-4.59%
▲ +7.9pp YoY
ROIC
-12.09%
▲ +7.9pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$5M
▼ -284.8% YoY
Op. Cash Flow (TTM)
-$137K
▼ -361.5% YoY
Net Debt
-$26M
Net Cash Position
Cash & Equiv.
$27M
5Y CAGR: +7.9%
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