---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-244760"
form_type: "8-K"
ticker: "ZVIA"
cik: "0001854139"
company_name: "Zevia PBC"
filed_at: "2021-08-12T23:59:59+00:00"
generated_at: "2026-06-29T14:01:56.299549+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zevia reports record Q2 net sales of $34.4M but net loss widens; CEO takes $1 salary

## Summary
- Net sales $34.4M (+24% YoY), record high; gross margin 47% vs 50% due to higher trade discounts.
- Net loss $0.7M ($0.30 diluted loss per share) vs net income $3.1M ($0.10 EPS) in Q2 2020.
- Adjusted EBITDA loss $0.4M vs income $3.5M; selling & marketing expenses nearly doubled to $10.7M.
- CEO Paddy Spence to forgo $306,820 annual salary and bonus, moving to $1 cash compensation effective Aug 1.
- IPO completed July 26, raised $139.7M net; ESG metrics: eliminated 3K metric tons sugar and 44M plastic bottles.

## SEC filing metadata
- accession: 0001193125-21-244760
- form_type: 8-K
- ticker: ZVIA
- cik: 0001854139
- company_name: Zevia PBC
- filed_at: 2021-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1854139/000119312521244760/0001193125-21-244760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854139/000119312521244760/d184897d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-244760
- JSON: https://secwatch.observer/filing/0001193125-21-244760.json
- Plain text: https://secwatch.observer/filing/0001193125-21-244760.txt

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