Filing Flows › Zevia PBC (ZVIA) › Q4 2025
Zevia PBC (ZVIA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Zevia PBC (ZVIA) reported revenue of $37.9M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and -7% from the quarter before. Operating margin was -4.0%, net loss $1.3M (3.4% of revenue).
Zevia PBC, Q4 2025: revenue $37.9M (-4% year over year), operating margin -4.0%, net loss $1.3M, operating cash flow −$507K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.9M | -7% | -4% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$507K | -537% | — |
What changed
Revenue was $37.9M in Q4 2025, down 4% year over year and down 7% from the previous quarter.
Gross margin was 47.7%, down 1.5 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -4.0%. Operating expenses fell 24% while revenue fell 4%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $2.8M loss.
Operating cash flow was −$507K. Non-cash charges added back $178K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $489K. Capital expenditures of $81K exceeded it, leaving free cash flow of −$588K.
Questions
What was Zevia PBC's revenue in the fourth quarter 2025?
Zevia PBC (ZVIA) reported revenue of $37.9M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and -7% from the quarter before.
Was Zevia PBC profitable in the fourth quarter 2025?
Operating loss was $1.5M (-4.0% of revenue) and net loss $1.3M.
Source: Zevia PBC 10-K on SEC EDGAR.