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Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Summary of Computation of Basic and Diluted Earnings 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 March 31,
		2024				2023
(in thousands, except for share and per share amounts)
Net loss per share:
Numerator:
Net loss and comprehensive loss		$	(7,199	)		$	(2,912	)
Less: net loss attributable to non-controlling interests			1,375				821
Add: adjustment to reallocate net loss to controlling interest			70		(1)		597		(1)
Net loss to Zevia PBC - basic		$	(5,754	)		$	(1,494	)
Denominator:
Weighted-average shares of Class A common stock outstanding – basic			55,531,430				48,336,489
Add: weighted average shares of vested and unreleased RSUs			358,738		(2)		1,036,385		(2)
Weighted-average basic and diluted shares			55,890,168				49,372,874
Loss per share of Class A common stock – basic		$	(0.10	)		$	(0.03	)
Diluted net loss per share:
Numerator:
Net loss attributable to Zevia PBC - basic		$	(5,754	)		$	(1,494	)
Add: Loss attributable to noncontrolling interest upon assumed conversion			—		(3)		(1,418	)
Net loss and comprehensive loss - diluted		$	(5,754	)		$	(2,912	)
Denominator:
Weighted-average shares of Class A common stock outstanding – basic			55,890,168				49,372,874
Dilutive effect of incremental shares for conversion of Class B units			—		(3)		21,631,225
Dilutive effect of stock options			—		(3)		844,882
Dilutive effect of restricted stock units			—		(3)		401,357
Weighted-average diluted shares			55,890,168				72,250,338
Loss per share of Class A common stock – diluted		$	(0.10	)	(3)	$	(0.04	)

(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.

(3) There was no assumed conversion for Class B nor diluted effect of options and RSUs for the three months ended March 31, 2024 as they were anti-dilutive.

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 March 31,
		2024				2023
Zevia LLC Class B Common Units exchangeable to shares of Class A common stock			16,239,498				—
Stock options			3,127,305				1,510,563
Restricted stock units			2,582,758				1,486,597

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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