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Zevia PBC vs Reed's: ZVIA and REED compared
Zevia PBC is the larger company: $48.3M of revenue in its latest quarter (Q3 2026) against $7.5M for Reed's (Q2 2026). Zevia PBC is growing faster (+18% against -21% a year earlier). Zevia PBC is more profitable, with an operating margin of -4.5% against -54.3%.
Where the money goes: ZVIA and REED
Zevia PBC (ZVIA) · Q3 2026
Zevia PBC, Q3 2026: revenue $48.3M (+18% year over year), operating margin -4.5%, net loss $2.2M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
Reed's (REED) · Q2 2026
Reed's, Q2 2026: revenue $7.5M (-21% year over year), operating margin -54.3%, net loss $4.3M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Zevia PBC (ZVIA) | Reed's (REED) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $48.3M | $7.5M |
| Revenue growth, Y/Y | +18% | -21% |
| Operating margin | -4.5% | -54.3% |
| Net earnings | −$2.2M | −$4.3M |
| Net margin | -4.5% | -57.1% |
| Operating cash flow | $1.5M | −$2.2M |
| Free cash flow | $1.3M | — |
Questions
Which is bigger, Zevia PBC or Reed's?
Zevia PBC is the larger company: $48.3M of revenue in its latest quarter (Q3 2026) against $7.5M for Reed's (Q2 2026).
Is Zevia PBC or Reed's growing faster?
Zevia PBC is growing faster (+18% against -21% a year earlier).
Which is more profitable, Zevia PBC or Reed's?
Zevia PBC is more profitable, with an operating margin of -4.5% against -54.3%.
More: Zevia PBC earnings · how Zevia PBC makes money · Reed's earnings · how Reed's makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.