Zevia PBC reported third quarter 2025 net sales of $40.8 million, an increase of 12.3% from $36.4 million in the same period in 2024, primarily due to a 12.6% rise in volumes driven by expanded distribution at Walmart and in the Club channel. The company recorded a gross profit margin of 45.6%, a decrease of 3.5 percentage points year over year. Net loss for the quarter was $2.8 million, including $0.9 million in non-cash equity-based compensation expense, with a loss per share of $0.04. Adjusted EBITDA loss was $1.7 million. As of September 30, 2025, Zevia had $26.0 million in cash and cash equivalents, no outstanding debt, and an unused $20 million credit line. For full year 2025, Zevia expects net sales between $162 million and $164 million, with an adjusted EBITDA loss projected between $5.0 million and $5.5 million.