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Side-by-side financial comparison of Americas Gold & Silver Corp (USAS) and Zevia PBC (ZVIA). Click either name above to swap in a different company.
Zevia PBC is the larger business by last-quarter revenue ($37.9M vs $19.1M, roughly 2.0× Americas Gold & Silver Corp). Zevia PBC runs the higher net margin — -3.4% vs -82.3%, a 78.9% gap on every dollar of revenue. On growth, Zevia PBC posted the faster year-over-year revenue change (-4.0% vs -28.0%).
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
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.
USAS vs ZVIA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.1M | $37.9M |
| Net Profit | $-15.7M | $-1.3M |
| Gross Margin | 34.2% | 47.7% |
| Operating Margin | — | -4.0% |
| Net Margin | -82.3% | -3.4% |
| Revenue YoY | -28.0% | -4.0% |
| Net Profit YoY | 2.8% | 80.9% |
| EPS (diluted) | — | $-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.
| Q4 25 | — | $37.9M | ||
| Q3 25 | $19.1M | $40.8M | ||
| Q2 25 | — | $44.5M | ||
| Q1 25 | — | $38.0M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $26.5M | $36.4M | ||
| Q2 24 | — | $40.4M | ||
| Q1 24 | — | $38.8M |
| Q4 25 | — | $-1.3M | ||
| Q3 25 | $-15.7M | $-2.7M | ||
| Q2 25 | — | $-651.0K | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-16.2M | $-2.5M | ||
| Q2 24 | — | $-7.0M | ||
| Q1 24 | — | $-7.2M |
| Q4 25 | — | 47.7% | ||
| Q3 25 | 34.2% | 45.6% | ||
| Q2 25 | — | 48.7% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 49.2% | ||
| Q3 24 | 23.6% | 49.1% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 45.7% |
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | -7.0% | ||
| Q2 25 | — | -2.3% | ||
| Q1 25 | — | -16.8% | ||
| Q4 24 | — | -16.1% | ||
| Q3 24 | — | -8.2% | ||
| Q2 24 | — | -17.5% | ||
| Q1 24 | — | -18.8% |
| Q4 25 | — | -3.4% | ||
| Q3 25 | -82.3% | -6.6% | ||
| Q2 25 | — | -1.5% | ||
| Q1 25 | — | -16.8% | ||
| Q4 24 | — | -17.2% | ||
| Q3 24 | -60.9% | -6.9% | ||
| Q2 24 | — | -17.2% | ||
| Q1 24 | — | -18.6% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.1M | $25.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $50.2M | $51.0M |
| Total Assets | $234.7M | $63.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.4M | ||
| Q3 25 | $39.1M | $26.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $51.0M | ||
| Q3 25 | $50.2M | $51.3M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $53.7M | ||
| Q4 24 | — | $64.9M | ||
| Q3 24 | $53.1M | $72.5M | ||
| Q2 24 | — | $75.0M | ||
| Q1 24 | — | $80.3M |
| Q4 25 | — | $63.6M | ||
| Q3 25 | $234.7M | $60.0M | ||
| Q2 25 | — | $62.5M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $72.9M | ||
| Q2 24 | — | $72.8M | ||
| Q1 24 | — | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.5M | $-507.0K |
| Free Cash FlowOCF − Capex | $-41.3M | — |
| FCF MarginFCF / Revenue | -216.5% | — |
| Capex IntensityCapex / Revenue | 150.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-507.0K | ||
| Q3 25 | $-12.5M | $116.0K | ||
| Q2 25 | — | $-1.4M | ||
| Q1 25 | — | $-2.9M | ||
| Q4 24 | — | $-2.0M | ||
| Q3 24 | $2.4M | $3.9M | ||
| Q2 24 | — | $282.0K | ||
| Q1 24 | — | $-3.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-41.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-11.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -216.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 150.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 51.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
