Zevia PBC Class A (ZVIA)

In the past six months, Zevia PBC's stock has been influenced by several events. On November 5, 2025, ZVIA reported its Q3 2025 earnings, with shares gaining 1.3% the day after the announcement and drifting 1.9% higher over the next 22 days. The company also raised its full-year 2025 net sales guidance and updated its adjusted EBITDA loss guidance in November 2025. Earlier, on May 7, 2025, ZVIA reported its Q1 2025 earnings and experienced a US$14 million market cap drop.

Demand for Zevia PBC products exhibits clear seasonality, with the second and third quarters of the year historically being the highest volume quarters for the company.

Zevia PBC operates in the non-alcoholic beverage sector, developing, marketing, selling, and distributing clean-label, plant-based beverages sweetened with stevia. Its product lines include soda, energy drinks, organic tea, mixers, and Kidz drinks. All products are Non-GMO Project verified, gluten-free, Kosher, vegan, and contain zero sodium.

Zevia PBC primarily operates in the United States and Canada, with products distributed and sold in over 39,000 retail locations. The company utilizes a network of six U.S. and two Canadian warehouses, along with four consolidation locations, to optimize freight and efficiently deliver products to customers.

Zevia PBC maintains a strong brand reputation, rooted in its mission to provide healthier beverage alternatives. The company is a Certified B Corporation and emphasizes its use of aluminum beverage cans. In 2023, close to 7 million U.S. households purchased Zevia products, and the brand has seen significant growth, particularly appealing to Gen Z and Millennial consumers. In Q3 2025, Zevia undertook a packaging refresh, which aimed to better communicate the benefits of the Zevia value proposition, but was associated with inventory obsolescence and negatively impacted gross margin.

The ownership structure of Zevia PBC is a mix of institutional, insider, and retail investors. Institutional investors hold approximately 10.73% to 15.37% of the company's stock, while insiders own around 40.70%, and public companies and individual investors hold about 4.64% to 43.93%. Major institutional shareholders include Caisse De Depot Et Placement Du Quebec, Divisadero Street Capital Management, LP, BlackRock, Inc., Vanguard Group Inc, and Silvercrest Asset Management Group Llc. Caisse de dépôt et placement du Québec is noted as the largest shareholder, owning 36% of shares outstanding. Individual insider owners include Amy Taylor, the President and CEO, who owns 0.6% of the company's shares.