Zevia (ZVIA)
Makes zero-sugar sodas and energy drinks sold mainly in the U.S. and Canada.
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Sells zero-sugar beverages under one brand, led by Soda with Energy as the continuing extension and Tea being phased out. Revenue is concentrated in North America, products move through retail and e-commerce channels, and production relies on third-party beverage facilities.
Sells zero-sugar, naturally sweetened beverages under the Zevia brand, with Soda as the core line and Energy as the continuing extension. Tea remains listed in the portfolio context but is scheduled to be discontinued, leaving the business focused on carbonated better-for-you drinks.
Products are sold principally in the U.S. and Canada through grocery, drug, warehouse club, mass, natural, convenience, e-commerce, and specialty channels. Manufacturing and warehousing are outsourced to third-party beverage facilities in both countries.
The company operates as a Delaware public benefit corporation and Certified B Corporation, with one operating and reporting segment. Soda accounts for most sales, and the model depends on concentrated customers, concentrated suppliers, aluminum-can costs, and beverage labeling compliance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Morgan Stanley | Target | Target: $2.75 | Target: $1.75 |
| May 7, 2026 | Telsey Advisory | Target | Target: $6 | Target: $3 |
| Jan 15, 2026 | Craig-Hallum | Target | Target: — | Target: $4 |
| Aug 4, 2025 | Telsey Advisory Group | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $28.5M · Total debt $309.0K · Total assets $64.2M · Shareholders' equity $44.1M
- Revenue
- $45.0M
- Operating income
- −$2.9M
- Net income
- −$2.8M
No dividends on record.
| Institutions | 53.58% | 41.44M shares | |
|---|---|---|---|
| 104 holders · as of Jun 30, 2026 | |||
| Insiders | 9.47% | 7.33M shares | |
| 10 holders · as of Jun 17, 2026 | |||
| Strategic holders | 11.61% | 8.98M shares | |
| 1 holder · as of Oct 4, 2024 | |||
| Other | 25.34% | 19.60M shares | |
| remainder | |||
77.35M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Caisse de Depot et Placement du QuebecInstitution | 14.74% | 11.40M A | as of Jun 30, 2026 |
White Pine LLC1Strategic10 percent owner | 11.61% | 1.43M A · 7.56M B | filed Oct 4, 2024 |
Topline Capital Management, LLCInstitution | 9.28% | 7.18M A | as of Jun 30, 2026 |
Kanen Wealth Management LLCInstitution | 3.48% | 2.69M A | as of Jun 30, 2026 |
Mackenzie Financial CorpInstitution | 3.45% | 2.67M A | as of Jun 30, 2026 |
- Reported at 4.90% on Jul 3, 2025, under the 5% line, so no further filing is required.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | De Depot Et Placement Du Quebec Caisse | 10 percent owner | −2,150,000 | $1.90 |
| Mar 30, 2026 | Amy Taylor | director, officer: President & CEO | −10,776 | $1.16 |
| Mar 27, 2026 | Amy Taylor | director, officer: President & CEO | −66,501 | $1.14 |
| Mar 26, 2026 | Amy Taylor | director, officer: President & CEO | −66,731 | $1.17 |
| Mar 25, 2026 | Girish Satya | officer: Chief Financial Officer | −41,662 | $1.18 |
- Coca-Cola
Dominant CSD rival across cola, zero-sugar, and flavored soda
- PepsiCo
Scaled CSD and functional-soda rival through Pepsi, Mountain Dew, Poppi
- Keurig Dr Pepper
North American CSD and energy rival across Dr Pepper, 7UP, and GHOST
- National Beverage
Mid-sized sparkling, CSD, and energy peer with LaCroix, Shasta, Faygo
- Monster Beverage
Energy-drink specialist competing with Zevia's Energy extension
- Reed's
Small listed natural-soda peer through Reed's and Virgil's craft sodas
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zevia | $1.36 | −2.52% | $99.8M | — | — | 0.6 | +1.1% |
| Coca-Cola | $88.31 | +1.37% | $374.84B | 26.2 | 26.1 | 7.5 | +6.7% |
| PepsiCo | $130.85 | +0.97% | $177.02B | 17.0 | 15.0 | 1.8 | +6.4% |
| Keurig Dr Pepper | $31.58 | +3.14% | $41.66B | 30.8 | 12.8 | 2.1 | +75.6% |
| National Beverage | $31.81 | +1.35% | $2.94B | 16.9 | 16.4 | 2.5 | +0.0% |
| Monster Beverage | $44.69 | +1.56% | $86.06B | 40.6 | 36.5 | 9.3 | +20.2% |
| Reed's | $0.6445 | +0.36% | $7.6M | — | — | 0.3 | −21.4% |
| Median | 26.2 | 16.4 | 2.3 | +6.5% |