Note 14 - Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2026

	*Three Months Ended March 31,*
	*2026*			*2025*
*(in thousands, except for share and per share amounts)*
Net loss per share:
Numerator:
Net loss and comprehensive loss	$	(2,363	)	$	(6,371	)
Less: net loss attributable to non-controlling interests		96			1,145
Add: adjustment to reallocate net loss to controlling interest		—			90		⁽¹⁾
Net loss to Zevia PBC - basic	$	(2,267	)	$	(5,136	)

Denominator:
Weighted-average shares of Class A common stock outstanding – basic		68,205,614			62,895,577
Add: weighted average shares of vested and unreleased RSUs		—			55,318		⁽²⁾
Weighted-average basic		68,205,614			62,950,895

Loss per share of Class A common stock – basic	$	(0.03	)	$	(0.08	)

Diluted net loss per share:
Numerator:
Net loss attributable to Zevia PBC - basic	$	(2,267	)	$	(5,136	)
Add: Loss attributable to noncontrolling interest upon assumed conversion		—			(1,235	)
Net loss and comprehensive loss - diluted	$	(2,267	)	$	(6,371	)

Denominator:
Weighted-average shares of Class A common stock outstanding – basic		68,205,614			62,950,895
Dilutive effect of incremental shares for conversion of Class B units		—			10,645,997
Dilutive effect of stock options		—			572,478
Dilutive effect of restricted stock units		—			2,326,732
Weighted-average diluted shares		68,205,614			76,496,102

Loss per share of Class A common stock – diluted	$	(0.03	)	$	(0.08	)

	*Three Months Ended March 31,*
	*2026*		*2025*
Zevia LLC Class B units exchangeable to shares of Class A common stock		7,026,705		—
Stock options		2,483,098		1,950,498
Restricted stock units and performance stock units		3,601,170		21,418

Zevia PBC 10-Q