XML 51 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
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:

 

 

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.

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:

 

 

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