v3.25.2
Loss Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Loss Per Share

14. LOSS PER SHARE

Basic loss per share of Class A common stock is computed by dividing net loss attributable to the Company for the period by the weighted-average number of shares of Class A common stock outstanding during the same period. Diluted loss per share of Class A common stock is computed by dividing net loss attributable to the Company by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities and assumed conversion of Class B common stock into shares of Class A common stock on a one-for-one basis using the if-converted method.

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted loss per share of Class A common stock:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

(in thousands, except for share and per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss and comprehensive loss

 

$

(651

)

 

$

(6,961

)

 

$

(7,022

)

 

$

(14,160

)

 

Less: net loss (income) attributable to non-controlling interests

 

 

(46

)

 

 

1,070

 

 

 

1,099

 

 

 

2,445

 

 

Add: adjustment to reallocate net loss to controlling interest

 

 

(4

)

 (1)

 

15

 

 (1)

 

(81

)

(1)

 

72

 

(1)

Net loss to Zevia PBC - basic and diluted

 

$

(701

)

 

$

(5,876

)

 

$

(6,004

)

 

$

(11,643

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares of Class A common stock outstanding – basic

 

 

66,332,703

 

 

 

58,403,791

 

 

 

64,623,635

 

 

 

56,967,610

 

 

Add: weighted average shares of vested and unreleased RSUs

 

 

—

 

 

 

249,622

 

 (2)

 

27,506

 

(2)

 

317,429

 

(2)

Weighted-average basic and diluted shares

 

 

66,332,703

 

 

 

58,653,413

 

 

 

64,651,141

 

 

 

57,285,039

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share of Class A common stock – basic

 

$

(0.01

)

 

$

(0.10

)

 

$

(0.09

)

 

$

(0.20

)

 

Loss per share of Class A common stock – diluted

 

$

(0.01

)

 

$

(0.10

)

 

$

(0.09

)

 

$

(0.20

)

 

 

(1) The numerator for the basic and diluted loss per share is adjusted for additional losses being attributed to controlling interest as a result of the impacts of vested but unreleased RSUs being included in the denominator of the basic and diluted loss per share.

(2) The denominator for basic and diluted loss per share includes vested and unreleased RSUs as there are no conditions that would prevent these RSUs from being issued in the future as shares of Class A common stock except for the mere passage of time.

Zevia LLC Class B Common Units, stock options and RSUs were evaluated under the treasury stock method for potential dilutive effects and were determined to be anti-dilutive. The following weighted average outstanding shares were excluded from the computation of diluted loss per share available to Class A common stockholders as they were anti-dilutive:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Zevia LLC Class B Common Units exchangeable to shares of Class A common stock

 

 

8,017,987

 

 

 

13,997,711

 

 

 

9,324,732

 

 

 

15,118,605

 

Stock options

 

 

2,721,477

 

 

 

3,355,856

 

 

 

2,770,352

 

 

 

3,241,580

 

Restricted stock units

 

 

4,196,830

 

 

 

4,027,328

 

 

 

3,977,903

 

 

 

3,305,043