Loss Per Share

12 Months Ended

Dec. 31, 2024

15. 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:


	Year Ended December 31,
	2024				2023
(in thousands, except for share and per share amounts)
Net loss per share:
Numerator:
Net loss and comprehensive loss	$	(23,783	)		$	(28,322	)
Less: net loss attributable to non-controlling interests		3,778				6,828
Add: adjustment to reallocate net loss to controlling interest		58		(1)		800		(1)
Net loss to Zevia PBC - basic	$	(19,947	)		$	(20,694	)

Denominator:
Weighted-average shares of Class A common stock outstanding – basic		58,405,992				49,898,784
Add: weighted average shares of vested and unreleased RSUs		277,453		(2)		719,974		(2)
Weighted-average basic and diluted shares		58,683,445				50,618,758

Loss per share of Class A common stock – basic	$	(0.34	)		$	(0.41	)
Loss per share of Class A common stock – diluted	$	(0.34	)		$	(0.41	)

(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:


	Year Ended December 31,
	2024		2023
Zevia LLC Class B units exchangeable to shares of Class A common stock		14,099,368		20,891,366
Stock options		3,110,466		3,407,679
RSUs		3,574,043		2,647,975