Zevia PBC · NYSE:ZVIA
Zevia PBC — Q3 2026 Earnings Presentation
16 slides from Zevia PBC's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Financial Results
Q3 2026 FINANCIAL RESULTS NOVEMBER 4, 2026
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS This presentation and the related earnings press release contain “forward -looking statements” within the meaning of the safe har bor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward -looking statements include, without limitation, any stat
Slide 3: Mission: Creating a World of Better-for-You Flavor, Better for People
MISSION… …CREATING A WORLD OF BETTER -FOR -YOUFLAVOR, BETTER FOR PEOPLE
Slide 4: Zevia Third Quarter 2026 at a Glance
ZEVIA THIRD QUARTER 2026 AT A GLA Adjusted Net Adjusted 2026 Net Sales Gross Margin Net Loss 1 1 Income/(Loss) EBITDA/(Loss) $48.3 million 46.4% ($2.2) million ($2.1) million ($0.9) million Q3 +18.4% vs. PY +80 bps vs. PY +$0.7 million vs. PY +$0.7 million vs. PY +$0.8 million vs. PY $139.4 million
Slide 5: Consumer Panel Metrics
CONSUMER PANEL METRICS (1) HOUSEHOLD PENETRATION PURCHASE TRENDS 4.6% $46.96 4.2x $11.31 4.4% $10.71 $41.75 3.9x 12M ended 12M ended 12M ended 12M ended 12M ended 12M ended 12M ended 12M ended 9/22/2025 9/20/2026 9/22/2025 9/20/2026 9/22/2025 9/20/2026 9/22/2025 9/20/2026 % Household penetration Dol
Slide 6: Cardi B Partnership / Real Talk Intensity
CARDI B PARTNERSHIP / REAL TALK INT 1.8B+ 110 M+ +13% >70k Earned Media Social Views Net New Social CRM emails Impressions Followers collected CONSUMER RESPONSE AWARENESS LIFT 25% ~5 point lift in awareness YOY among ages 18 – 34 post campaign (1) 6 (1) As of September 30, 2026
Slide 7: Strategic Growth Reset Pillars
STRATEGIC GROWTH RESET PILLARS ACCELERATE PRODUCT INNOVATION SCALE TO A -FIRST DIGITAL ENHANCE ECOSYSTEM TOEXECUTE INCREASE A HYBRID -TO -MARKET GO STRATEGY T BETTER -FOR -YOU BEVERAGE POSITIONING CONSUMER ENGAGEMENT AND DEMAND HOUSEHOLD PENETRATION • Build a diversified portfolio • Shift investment
Slide 8: Market Opportunity
MARKET OPPORTUNITY Diversified Portfolio to Expand Brand Reach $109B Addressable Market (1) $31B Soda $16B Category Modern Soda Category 11% 2023 – 2025 CAGR 2% 2023 – 2025 CAGR 9% 1% 2023 – 2025 2023 – 2025 CAGR CAGR $24B $38B Energy Drink Water Category Category Note: TAM not inclusive of club, in
Slide 9: Showing Up Where Consumers Discover
SHOWING UP WHERE CONSUMERS DI From creators and sampling to collaborations and retail, Zevia is bringing the brand to life across the consumer journey. 9
Slide 10: Driving Growth Through Innovation
DRIVING GROWTH THROUGH INNOVA Digital product launches and activations are creating timely reasons to shop and accelerating e - commerce performance. FALL PRIME DAY $ 435 K REVENUE + 21 % Cherry Lime YOY GROWTH Sold Out in 4 Weeks 10
Slide 11: Enhanced Merchandising Approach
ENHANCED MERCHANDISING APPROA To drive more consistent in -store execution and stronger velocity 11
Slide 12: Financial Highlights
_ FINANCIAL HIGHLIGHTS zevid
Slide 13: Q3 Financial Highlights
Q3 FINANCIAL HIGHLIGHTS • Net sales increased 18.4% year -over -year to $48.3 million, driven by: • National rotation in the club channel, strength in e -commerce channels, and pricing actions • Gross profit margin of 46.4%, +80 basis points year over year • Gross profit margin in 3Q25 included $800
Slide 14: Q3 2026 Financials – Year-over-Year Overview
Q3 2026 FINANCIALS –YEAR -OVER OVERVIEW -YEAR ($ in Millions) NET SALES GROSS PROFIT ADJUSTED1 EBITD $22.4 ($0.9) $48.3 $18.6 $40.8 $17.9 $36.4 ($1.5) ($1.7) Q3 2024 Q3 2025 Q3 2026 Q3 2024 Q3 2025 Q3 2026 Q3 2024 Q3 2025 Q3 2026 % Growth % of Net Sales % of Net Sales (15.5%) 12.3% 18.4% 49.1% 45.6%
Slide 15: YTD 2026 Financials – Year-over-Year Overview
YTD 2026 FINANCIALS –YEAR -OVER OVERVIEW -YEAR ($ in Millions) NET SALES GROSS PROFIT ADJUSTED1 EBITD $0.6 ($4.8) $139.4 $66.8 $115.6 $123.4 $59.3 $52.5 ($11.3) YTD 2024 YTD 2025 YTD 2026 YTD 2024 YTD 2025 YTD 2026 YTD 2024 YTD 2025 YTD 2026 % Growth % of Net Sales % of Net Sales (10.1%) 6.7% 13.0%
Slide 16: Profit & Loss + Adjusted EBITDA Reconciliation
PROFIT & LOSS + ADJUSTEDEBITDA NETRECONCILIA LOSS & AD ($ in Millions) Q3 2026 Q3 2025 Q3 2024 YTD 2026 YTD 2025 YTD 2024 FY 2025 FY 2024 FY 2023 Net Sales $48.3 $40.8 $36.4 $139.4 $123.4 $115.6 $161.3 $155.0 $166.4 % Growth 18.4% 12.3% -15.5% 13.0% 6.7% -10.1% 4.0% -6.8% 2.0% Cost of Goods Sold $25