Filing Flows › Zevia PBC (ZVIA) › Q3 2025
Zevia PBC (ZVIA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Zevia PBC (ZVIA) reported revenue of $40.8M for the third quarter 2025 (Q3 2025), +12% from a year earlier and -8% from the quarter before. Operating margin was -7.0%, net loss $2.8M (7.0% of revenue).
Zevia PBC, Q3 2025: revenue $40.8M (+12% year over year), operating margin -7.0%, net loss $2.8M, operating cash flow $116K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.8M | -8% | +12% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | $116K | — | -97% |
What changed
Revenue was $40.8M in Q3 2025, up 12% year over year and down 8% from the previous quarter.
Gross margin was 45.6%, down 3.5 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -7.0%. Operating expenses grew 3% against revenue growth of 12%. The quarter ended with a net loss of $2.8M, wider than the previous quarter's $651K loss. Minority interests bore $162K of it: to shareholders the quarter was a loss of $2.7M.
Operating cash flow was $116K (down 97% year over year). Non-cash charges added back $202K of depreciation and amortization and $0.9M of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $181K exceeded it, leaving free cash flow of −$65K.
Questions
What was Zevia PBC's revenue in the third quarter 2025?
Zevia PBC (ZVIA) reported revenue of $40.8M for the third quarter 2025 (Q3 2025), +12% from a year earlier and -8% from the quarter before.
Was Zevia PBC profitable in the third quarter 2025?
Operating loss was $2.9M (-7.0% of revenue) and net loss $2.8M.
Source: Zevia PBC 10-Q on SEC EDGAR.