Near-term momentum is strong with revenue accelerating and profitability improving, but the FY26 EBITDA guidance cut signals material cost headwinds. Watch for updates on aluminum pricing and tariff mitigation strategies in the coming quarters.
Price Chart
Executive Summary
Zevia reported Q1 2026 net sales of $46.1M (+21.2% YoY), exceeding the prior guidance range of $40M-$42M, and generated positive adjusted EBITDA of $0.9M vs a guided loss of $1.6M-$1.9M. However, FY26 adjusted EBITDA guidance was cut to a loss of $2M-$4M from a prior range of -$1M to +$0.5M, citing higher aluminum and fuel costs, which tempers the strong quarterly beat.
Key Financial Metrics
Key Facts
- Net sales grew 21.2% YoY to $46.1M, above the Q1 guidance range of $40M-$42M
- Adjusted EBITDA was positive $0.9M, well above the guided loss of $1.6M-$1.9M
- FY26 adjusted EBITDA guidance lowered to a loss of $2M-$4M from -$1M to +$0.5M due to higher aluminum and fuel costs
- FY26 net sales guidance slightly raised to $170M-$175M from $169M-$173M
- Litigation settlement of $2.3M weighed on G&A expenses in the quarter
Financial Impact
Revenue beat vs guidance by ~$4M; EBITDA turnaround of ~$4.2M YoY; FY26 EBITDA guidance cut by ~$3-4M
Risk Factors
- Higher aluminum and fuel costs compressing margins
- Potential tariffs on imported aluminum increase cost pressure
- Execution risk on distribution expansion and price realization
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-015200 |
| Document: zvia20260301_8k.htm | 0001437749-26-015200 |
| Document: 0001437749-26-015200-index-headers.html | 0001437749-26-015200 |
| Document: 0001437749-26-015200-index.html | 0001437749-26-015200 |
| Document: 0001437749-26-015200.txt | 0001437749-26-015200 |
| 8-K Data (Synthetic) | 0001437749-26-015200 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $1.28 | awaiting T+20 | — | $1.27 (−0.78%) |
Jun 15, 2026 19w ago | 8-K | $1.27 $1.72 | ▲ +35.43% | ▲ +36.18% | $1.27 (−0.00%) |
May 6, 2026 24w ago | 8-K | $1.30 $1.37 | ▲ +5.38% | ▲ +2.25% | $1.27 (−2.31%) |
Feb 25, 2026 34w ago | 8-K | $1.35 $1.17 | ▼ −13.33% | ▼ −6.92% | $1.27 (−5.93%) |
US Market Status
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