---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019127"
form_type: "8-K"
ticker: "ZVIA"
cik: "0001854139"
company_name: "Zevia PBC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:04:18.764442+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zevia Q1 net sales +13.8% to $43.3M; gross margin 46.4%; net loss narrows to $2.9M

## Summary
- Net loss of $2.9M vs $17.5M loss in Q1 2022; diluted EPS loss $0.04 vs $0.28.
- Gross profit margin 46.4%, up 470 bps YoY; strongest quarterly margin as public company.
- Adjusted EBITDA loss of $0.5M, improvement from $8.3M loss in prior year.
- Cash and equivalents $56.0M, no debt; $20M unused credit line.
- FY 2023 net sales guidance maintained at $180M-$190M (10-16% YoY growth).

## SEC filing metadata
- accession: 0000950170-23-019127
- form_type: 8-K
- ticker: ZVIA
- cik: 0001854139
- company_name: Zevia PBC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854139/000095017023019127/0000950170-23-019127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854139/000095017023019127/zvia-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019127
- JSON: https://secwatch.observer/filing/0000950170-23-019127.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019127.txt

## Key facts
- Earnings Releases
  Zevia PBC reported first quarter ended March 31, 2023 results: revenue $43.3 million, net income $2.9 million, EPS $0.04 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $43.3 million
  - Net income: $2.9 million
  - EPS: $0.04 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter 2023 Highlights • Net sales increased 13.8% year-over-year to $43.3 million • Unit volume decreased 2.7% year-over-year to 3.3 million equivalized cases • Gross profit margin of 46.4%, the strongest gross margin percentage of any quarterly period to date as a public company • Net loss was $2.9 million, including $2.4 million of non-cash equity-based compensation expense, the strongest quarter to date as a public company • Adjusted EBITDA loss was $0.5 million (1) , the strongest quarter to date as a public company • Loss per share was $0.04 per diluted share to Zevia’s Class A common stockholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854139/000095017023019127/0000950170-23-019127-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.