Zevia Pbc (ZVIA) intrinsic value & 10-year financials
Zevia Pbc (ZVIA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 8.0% a year to $161.3M, with an average return on invested capital of -10.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.24
- Market cap
- $81.9M
- Revenue (FY2025)
- $161.3M
- Revenue growth (7-yr CAGR)
- 8.0%
- ROIC (10-yr avg)
- -10.0%
- Free cash flow (FY2025)
- -$5.0M
ZVIA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $161.3M | -$9.9M | -$0.15 | -$5.0M | -7.3% | -38.9% |
| FY2024 | $155.0M | -$20.0M | -$0.34 | -$1.3M | -15.3% | -50.2% |
| FY2023 | $166.4M | -$28.3M | -$0.41 | — | -17.4% | -47.5% |
| FY2022 | $163.2M | -$47.6M | -$0.81 | -$23.4M | -29.3% | -64.7% |
| FY2021 | $138.2M | -$87.7M | -$1.33 | -$20.9M | -63.3% | 138.6% |
| FY2020 | $110.0M | -$6.1M | — | -$4.1M | -5.0% | 2.6% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Zevia PBC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Zevia PBC has historically struggled to out-earn its cost of capital, averaging just -10.0% ROIC.
Zevia PBC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Zevia PBC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.16 per share.