Zevia Q1 net sales $38M, gross margin record 50.1%, Adj. EBITDA loss beats guidance

Zevia PBC

2025-Q1 EPS reported -$0.08 revenue$38,023,000

Net sales $38.0M (-2% YoY); net loss improved to $6.4M from $7.2M; EPS loss $0.08 vs $0.10.
Gross margin 50.1% (record), up 4.4pp YoY; Adj. EBITDA loss $3.3M, better than -$5.5M YoY and guidance of -$5.6M to -$6.0M.
Cash $27.7M, no debt; FY2025 guidance maintained: net sales $158M-$163M, Adj. EBITDA loss $8M-$11M.
Q2 2025 guidance: net sales $40.5M-$42.5M, Adj. EBITDA loss $2.2M-$2.9M.
Marketing spend rose $3.5M to $6.2M; selling expenses down 25.8% due to Productivity Initiative.

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