| Summary of Computation of Basic and Diluted Loss per Share |
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.
|
| Summary of Antidilutive Securities Excluded From Computation of Earnings Per Share |
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 |
|
|