CELH

MKT CAP:$9B

Celsius Holdings, Inc.

Market Cap

$9B

Consumer Defensive·Beverages - Non-Alcoholic·🇺🇸 United States·NASDAQ

Consumer Def.·Beverages·🇺🇸·NASDAQ

Stock Price

$34.59-$13.16 (-27.56%)

Apr 24, 2026

Company Details

Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drin...

CEO

John Fieldly

IPO Date

Jan 22, 2007

Website

www.celsiusholdingsinc.com

Key Metrics TTM

Revenue

$2.5B

+85.5% YoY

Net Income

$108M

EPS (Diluted)

$0.22

Free Cash Flow

$323M

Revenue / Share

$10.61

Gross Margin

50.4%

Operating Margin

8.8%

Net Margin

4.3%

FCF Margin

12.9%

P/S

3.5x

P/E

81.9x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Mar 2, 2026

$2.5B+85.5%EPS $0.25

Q4 2025

Mar 2, 2026

$722M+117.2%EPS $0.04

Q3 2025

Nov 7, 2025

$725M+172.9%EPS -$0.30

Q2 2025

Aug 8, 2025

$739M+83.9%EPS $0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$133M	$54M	$10M
Q2 22	$154M	$59M	$12M
Q3 22	$188M	$79M	-$148M
Q4 22	$178M	$79M	-$33M
Q1 23	$260M	$114M	$45M
Q2 23	$326M	$159M	$65M
Q3 23	$385M	$194M	$98M
Q4 23	$347M	$166M	$59M
Q1 24	$356M	$182M	$83M
Q2 24	$402M	$209M	$94M
Q3 24	$266M	$122M	-$3M
Q4 24	$332M	$167M	-$18M
Q1 25	$329M	$172M	$52M
Q2 25	$739M	$381M	$143M
Q3 25	$725M	$372M	-$80M
Q4 25	$722M	$342M	$107M

Valuation

Quarter	P/S	P/E
Q1 22	25.8x	—
Q2 22	19.8x	1221.3x
Q3 22	15.5x	—
Q4 22	13.5x	—
Q1 23	11.3x	—
Q2 23	9.3x	—
Q3 23	7.7x	56.9x
Q4 23	6.7x	39.0x
Q1 24	6.3x	33.6x
Q2 24	5.9x	30.3x
Q3 24	6.5x	41.3x
Q4 24	6.5x	61.0x
Q1 25	6.7x	79.2x
Q2 25	5.3x	67.2x
Q3 25	4.2x	137.4x
Q4 25	3.5x	81.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$9M	$8M
Q2 22	$33M	$31M
Q3 22	$129M	$128M
Q4 22	-$63M	-$68M
Q1 23	-$14M	-$16M
Q2 23	$59M	$54M
Q3 23	$91M	$85M
Q4 23	$5M	$426.0K
Q1 24	$135M	$130M
Q2 24	$40M	$30M
Q3 24	$13M	$9M
Q4 24	$76M	$70M
Q1 25	$103M	$96M
Q2 25	$44M	$35M
Q3 25	$332M	$321M
Q4 25	-$119M	-$130M

Capital Expenditures

Quarter	CapEx
Q1 22	$742.0K
Q2 22	$2M
Q3 22	$1M
Q4 22	$5M
Q1 23	$2M
Q2 23	$5M
Q3 23	$6M
Q4 23	$5M
Q1 24	$5M
Q2 24	$9M
Q3 24	$4M
Q4 24	$5M
Q1 25	$7M
Q2 25	$8M
Q3 25	$10M
Q4 25	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+274.0%	+250.2%
Q2 22	+207.8%	+187.7%
Q3 22	+189.3%	+419.4%
Q4 22	+87.5%	+104.4%
Q1 23	+94.9%	+74.4%
Q2 23	+111.6%	+84.4%
Q3 23	+104.4%	-14.5%
Q4 23	+95.2%	+36.9%
Q1 24	+36.8%	+26.7%
Q2 24	+23.4%	+17.9%
Q3 24	-30.9%	-6.3%
Q4 24	-4.4%	+21.6%
Q1 25	-7.4%	+1.7%
Q2 25	+83.9%	+93.8%
Q3 25	+172.9%	+199.3%
Q4 25	+117.2%	+75.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	3.2%
Q2 22	$4M	2.7%
Q3 22	$6M	3.3%
Q4 22	$6M	3.3%
Q1 23	$6M	2.1%
Q2 23	$6M	1.8%
Q3 23	$5M	1.3%
Q4 23	$5M	1.4%
Q1 24	$4M	1.0%
Q2 24	$5M	1.2%
Q3 24	$5M	2.0%
Q4 24	$6M	1.8%
Q1 25	$5M	1.5%
Q2 25	$6M	0.9%
Q3 25	$7M	1.0%
Q4 25	$9M	1.3%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	$29M	$15M	—
Q2 22	$14M	$32M	—
Q3 22	$27M	$199M	—
Q4 22	$22M	$90M	—
Q1 23	—	$69M	—
Q2 23	—	—	$94M
Q3 23	—	—	$96M
Q4 23	—	—	$107M
Q1 24	—	—	$99M
Q2 24	—	—	$115M
Q3 24	—	—	$125M
Q4 24	—	—	$185M
Q1 25	—	—	$120M
Q2 25	—	—	$238M
Q3 25	—	—	$452M
Q4 25	—	—	$235M

Revenue Segments

Quarter	Reportable Segment
Q1 25	$329M
Q2 25	$739M
Q3 25	$725M
Q4 25	$722M

Revenue by Geography

Quarter	Asia	Europe	North America	Other
Q1 22	$966.0K	$8M	$123M	$454.0K
Q2 22	$883.0K	$7M	$145M	$448.0K
Q3 22	$964.0K	$8M	$180M	$182.0K
Q4 22	$790.0K	$8M	$169M	$344.0K
Q1 23	$1M	$9M	$249M	$1M
Q2 23	$2M	$12M	$311M	$2M
Q3 23	$1M	$11M	$371M	$1M
Q4 23	$644.0K	$12M	$333M	$2M
Q1 24	$675.0K	$14M	$340M	$1M
Q2 24	$860.0K	$17M	$382M	$2M
Q3 24	$594.0K	$16M	$247M	$2M
Q4 24	$4M	$15M	$312M	$2M
Q1 25	$2M	$19M	$307M	$2M
Q2 25	$4M	$18M	$714M	$2M
Q3 25	$4M	$18M	$702M	$2M
Q4 25	$3M	$18M	$700M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$26M	$0	$26M
Q2 22	$60M	$0	$60M
Q3 22	$592M	$0	$592M
Q4 22	$614M	$0	$614M
Q1 23	$595M	$0	$595M
Q2 23	$681M	$0	$681M
Q3 23	$760M	$0	$760M
Q4 23	$756M	$0	$756M
Q1 24	$879M	$0	$879M
Q2 24	$903M	$0	$903M
Q3 24	$904M	$0	$904M
Q4 24	$890M	$0	$890M
Q1 25	$977M	$0	$977M
Q2 25	$615M	$0	$615M
Q3 25	$806M	$0	$806M
Q4 25	$399M	$0	$399M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	235M	+4.9%	+3.4%
Q2 22	235M	+0.1%	+1.9%
Q3 22	227M	-3.3%	-1.9%
Q4 22	232M	+1.9%	+3.5%
Q1 23	236M	+2.0%	+0.6%
Q2 23	237M	+0.2%	+0.7%
Q3 23	237M	+0.2%	+4.3%
Q4 23	232M	-2.3%	+0.1%
Q1 24	238M	+2.5%	+0.5%
Q2 24	238M	+0.0%	+0.3%
Q3 24	234M	-1.6%	-1.5%
Q4 24	189M	-19.2%	-18.6%
Q1 25	237M	+25.6%	-0.1%
Q2 25	237M	0.0%	-0.2%
Q3 25	237M	0.0%	+1.5%
Q4 25	237M	0.0%	+25.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$592.8K	225
Q2 22	$684.5K	225
Q3 22	$836.6K	225
Q4 22	$3M	60
Q1 23	$4M	60
Q2 23	$5M	60
Q3 23	$6M	60
Q4 23	$454.2K	765
Q1 24	$465.0K	765
Q2 24	$525.5K	765
Q3 24	$347.4K	765
Q4 24	$309.6K	1K
Q1 25	$306.9K	1K
Q2 25	$689.0K	1K
Q3 25	$675.8K	1K
Q4 25	$482.0K	1K

Revenue / Employee