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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Zevia PBC (ZVIA). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $37.9M, roughly 1.3× Zevia PBC). Zevia PBC runs the higher net margin — -3.4% vs -97.9%, a 94.4% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -4.0%). Over the past eight quarters, Zevia PBC's revenue compounded faster (-1.2% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.

FFWM vs ZVIA — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.3× larger
FFWM
$48.4M
$37.9M
ZVIA
Growing faster (revenue YoY)
FFWM
FFWM
+425.7% gap
FFWM
421.7%
-4.0%
ZVIA
Higher net margin
ZVIA
ZVIA
94.4% more per $
ZVIA
-3.4%
-97.9%
FFWM
Faster 2-yr revenue CAGR
ZVIA
ZVIA
Annualised
ZVIA
-1.2%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
ZVIA
ZVIA
Revenue
$48.4M
$37.9M
Net Profit
$-8.0M
$-1.3M
Gross Margin
47.7%
Operating Margin
-97.5%
-4.0%
Net Margin
-97.9%
-3.4%
Revenue YoY
421.7%
-4.0%
Net Profit YoY
43.0%
80.9%
EPS (diluted)
$-0.09
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$48.4M
$37.9M
Q3 25
$63.6M
$40.8M
Q2 25
$51.4M
$44.5M
Q1 25
$71.4M
$38.0M
Q4 24
$9.3M
$39.5M
Q3 24
$9.2M
$36.4M
Q2 24
$57.5M
$40.4M
Q1 24
$51.1M
$38.8M
Net Profit
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$-8.0M
$-1.3M
Q3 25
$-146.3M
$-2.7M
Q2 25
$-7.7M
$-651.0K
Q1 25
$6.9M
$-6.4M
Q4 24
$-14.1M
$-6.8M
Q3 24
$-82.2M
$-2.5M
Q2 24
$3.1M
$-7.0M
Q1 24
$793.0K
$-7.2M
Gross Margin
FFWM
FFWM
ZVIA
ZVIA
Q4 25
47.7%
Q3 25
45.6%
Q2 25
48.7%
Q1 25
50.1%
Q4 24
49.2%
Q3 24
49.1%
Q2 24
41.9%
Q1 24
45.7%
Operating Margin
FFWM
FFWM
ZVIA
ZVIA
Q4 25
-97.5%
-4.0%
Q3 25
-92.7%
-7.0%
Q2 25
-21.1%
-2.3%
Q1 25
8.8%
-16.8%
Q4 24
-247.7%
-16.1%
Q3 24
-1276.7%
-8.2%
Q2 24
4.6%
-17.5%
Q1 24
-0.2%
-18.8%
Net Margin
FFWM
FFWM
ZVIA
ZVIA
Q4 25
-97.9%
-3.4%
Q3 25
-230.1%
-6.6%
Q2 25
-15.0%
-1.5%
Q1 25
9.7%
-16.8%
Q4 24
-152.2%
-17.2%
Q3 24
-896.9%
-6.9%
Q2 24
5.4%
-17.2%
Q1 24
1.6%
-18.6%
EPS (diluted)
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$-0.09
$-0.02
Q3 25
$-1.78
$-0.04
Q2 25
$-0.09
$-0.01
Q1 25
$0.08
$-0.08
Q4 24
$-0.24
$-0.10
Q3 24
$-1.23
$-0.04
Q2 24
$0.05
$-0.10
Q1 24
$0.01
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FFWM
FFWM
ZVIA
ZVIA
Cash + ST InvestmentsLiquidity on hand
$1.6B
$25.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$51.0M
Total Assets
$11.9B
$63.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$1.6B
$25.4M
Q3 25
$1.7B
$26.0M
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
$30.7M
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.6B
Stockholders' Equity
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$912.6M
$51.0M
Q3 25
$917.9M
$51.3M
Q2 25
$1.1B
$53.0M
Q1 25
$1.1B
$53.7M
Q4 24
$1.1B
$64.9M
Q3 24
$1.1B
$72.5M
Q2 24
$933.2M
$75.0M
Q1 24
$928.7M
$80.3M
Total Assets
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$11.9B
$63.6M
Q3 25
$11.9B
$60.0M
Q2 25
$11.6B
$62.5M
Q1 25
$12.6B
$62.0M
Q4 24
$12.6B
$68.0M
Q3 24
$13.4B
$72.9M
Q2 24
$13.7B
$72.8M
Q1 24
$13.6B
$85.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FFWM
FFWM
ZVIA
ZVIA
Operating Cash FlowLast quarter
$-31.9M
$-507.0K
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$-31.9M
$-507.0K
Q3 25
$9.2M
$116.0K
Q2 25
$-16.3M
$-1.4M
Q1 25
$-552.0K
$-2.9M
Q4 24
$-8.7M
$-2.0M
Q3 24
$14.2M
$3.9M
Q2 24
$-9.1M
$282.0K
Q1 24
$7.2M
$-3.2M
Free Cash Flow
FFWM
FFWM
ZVIA
ZVIA
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
ZVIA
ZVIA
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
ZVIA
ZVIA
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
ZVIA
ZVIA
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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