Celsius Holdings, Inc. (CELH) financials
NASDAQ · Consumer Defensive · Beverages - Non-Alcoholic · 1,497 employees · CEO John Fieldly
- Price
- $29.12 +3.41%
- Market cap
- $7.37B
- Enterprise value
- $7.4B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-05 EPS est. $0.34
Revenue (TTM)$3.05B+82.9% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)7.9%-2.5 pp vs a year agoOperating income $241M
Net income (TTM)$110M-16.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$463M+119.5% vs a year agoCapex $45.9M
Diluted EPS (TTM)$0.21-39.6% vs a year agoSum of the last 4 quarters
Net cash-$36.6M+85.2% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $7.37B EV $7.4B
- Revenue
- $3.05B Trailing 12 months
- Revenue growth
- +26% FY2026 consensus
- Profit margin
- 3.6% Net income / revenue, TTM
- P/E
- 138.7× Forward 20.3× (FY2026)
- P/S
- 2.4× Price / sales, TTM
- EV / EBITDA
- 31.8× TTM
- Free cash flow
- $463M Trailing 12 months
- Net income
- $110M Trailing 12 months
- Revenue estimate
- $3.16B FY2026 consensus
- Earnings
- 2026-11-05 Revenue est. $801M
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-06): revenue missed by 6.0%, EPS missed by 13.0%Revenue $818M vs $870M expected (-6.0%); EPS $0.36 vs $0.41 (-13.0%).
- Revenue growth slowing: 10.6% year on yearQ2 '26 revenue $818M, against an average of 127.9% over the four quarters before.
- Operating margin 7.9% (TTM), -2.5 pp on a year agoOperating income grew 39.1% while revenue grew 82.9%.
- 70.2% of pre-tax profit is eaten by non-operating lossesPre-tax income $142M vs operating income $241M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 1.5% of revenue (a year ago 1.5%)$45.9M invested in the last 4 quarters (+84.6% on a year earlier). Free cash flow $463M = 419.8% of net income.
- Returned $161M to shareholders = 34.9% of free cash flowBuybacks $161M (a year earlier $3.41M), dividends $0, stock-based pay $34.8M (TTM).
- Diluted share count up 8.3% in a year257M diluted shares in Q2 '26, 237M a year earlier.
- Net debt $36.6MCash + short-term investments $631M, debt incl. leases $668M; a year ago net debt $248M.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $818M | $739M | +10.6% |
| Gross margin | 48.1% | 51.5% | -3.4 pp |
| Operating income | $75.3M | $143M | -47.4% |
| Operating margin | 9.2% | 19.3% | -10.1 pp |
| Net income | $36.4M | $99.9M | -63.5% |
| Diluted EPS | $0.14 | $0.33 | -57.6% |
| Operating cash flow | $223M | $43.7M | +409.1% |
| Capex | $17.1M | $8.25M | +106.9% |
| Free cash flow | $205M | $35.5M | +479.4% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $10.6M | $6.43M | +64.2% |
Reported vs consensus
2026-08-06| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $818M | $870M | -6.0% |
| EPS (as estimated) | $0.36 | $0.41 | -13.0% |
From the report of 2026-08-06 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Reportable Segment | $818M | +10.6% | 100.0% | $3.05B | – |
Revenue by region
share of total| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| North America | $791M | +10.7% | 96.7% | $2.94B | +86.0% | |
| Europe | $24.9M | +35.8% | 3.0% | $85.8M | +26.5% | |
| Asia | $969K | -77.9% | 0.1% | $14.3M | +33.1% | |
| Other | $1.4M | -33.7% | 0.2% | $7.66M | -2.8% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $509M
- Capex
- -$45.9M
- Buybacks
- -$161M
- Dividends
- $0
- Acquisitions
- -$22.4M
- Net debt issued
- -$206M
- Stock-based compensation
- $34.8M
- Free cash flow
- $463M
- Returned to shareholders / FCF
- 34.9%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 138.7× | 388.1× 4 of 5 years | 57.3× – 1,243.0× |
| EV / EBITDA | 31.8× | 40.1× 3 of 5 years | 26.1× – 54.2× |
| EV / Sales | 2.4× | 9.2× | 3.9× – 17.5× |
| Price / FCF | 15.9× | 59.8× 4 of 5 years | 25.7× – 101.6× |
| Price / Book | 2.5× | 10.9× | 3.7× – 25.4× |
| FCF yield | 6.3% | 1.5% | -1.8% – 3.9% |
| Return on invested capital | 5.3% | 2.9% | -14.9% – 16.4% |
| Return on equity | 4.4% | 3.3% | -21.7% – 20.8% |
Analysts
Consensus target $41.38 (+42.1%)
range $26.00 – $57.00 · rating Buy
Strong buy0
Buy22
Hold3
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $3.16B | +25.8% | $1.44 | +474.2% | 20.3× | 15 |
| FY2027 | $3.43B | +8.5% | $1.70 | +18.2% | 17.2× | 16 |
| FY2028 | $3.7B | +7.6% | $1.94 | +14.1% | 15.0× | 8 |
| FY2029 | $3.79B | +2.7% | $2.30 | +18.6% | 12.7× | 5 |
| FY2030 | $4.07B | +7.3% | $2.62 | +14.2% | 11.1× | 5 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 242 figures Celsius Holdings, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $202M | $121M | +67.1% | $138M | $41.3M | +234.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $735M | $490M | +49.9% | $755M | $270M | +179.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $15.4M2025-12-31 | $5.28M | +191.9% | $15.4M | $5.28M | +191.9% |
| Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease) | $7.38M2025-12-31 | $3.75M | +96.7% | $10.1M | $8M | +26.6% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $5.86M2024-12-31 | – | – |
| Accounts Receivable, Credit Loss Expense (Reversal) | -$2.69M | $3.45M | -177.8% | $10.6M | $3.29M | +221.8% |
| Accrued Income Taxes, Current | $40.8M | $21.8M | +87.6% | $49.6M | $10.8M | +357.9% |
| Accrued Liabilities, Current | $265M | $226M | +17.1% | $231M | $149M | +55.1% |
| Accrued Marketing Costs, Current | $61.6M | $54.3M | +13.3% | $72.8M | $34.8M | +109.3% |
| Accrued Professional Fees | $89.6M | $62.7M | +42.9% | $64.1M | $63.3M | +1.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $29.1M | $16.1M | +81.0% | $22.1M | $10.8M | +105.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $335K | $2.18M | -84.6% | $3.16M | -$3.25M | +197.3% |
| Additional Paid in Capital | $1.07B | $1.03B | +4.0% | $1.05B | $300M | +250.0% |
| Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings | – | – | – | $27.5M2024-12-31 | $27.5M | +0.1% |
| Amortization of Intangible Assets | $5.9M | $5.8M | +1.7% | $17.7M | $600K | +2,850.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 33.4M | 22M | +51.8% | 26M | 22M | +18.2% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $10.6M | $6.43M | +64.2% | $28.1M | $19.6M | +43.2% |
| Assets | $5.17B | $3.8B | +36.2% | $5.12B | $1.77B | +189.8% |
| Assets, Current | $1.88B | $1.39B | +34.8% | $1.81B | $1.32B | +36.7% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $02025-12-31 | $0 | – | $11.2M | $0 | – |
| Business Combination, Contingent Consideration, Liability, Current | $0 | $25M | -100.0% | $25M | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $631M | $615M | +2.6% | $399M | $890M | -55.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $633M | $615M | +2.9% | $540M | $890M | -39.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $83.9M | -$362M | +123.2% | -$350M | $134M | -360.9% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 400M | 400M | 0.0% | 400M | 400M | 0.0% |
| Common Stock, Shares, Issued | 259M | 258M | +0.4% | 258M | 235M | +9.8% |
| Common Stock, Shares, Outstanding | 253M | 258M | -1.7% | 257M | 235M | +9.3% |
| Common Stock, Value, Issued | $101K | $101K | 0.0% | $101K | $79K | +27.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $35.1M | $88.9M | -60.5% | $70.2M | $105M | -33.0% |
| Contract with Customer, Liability, Current | $31.5M | $16.1M | +95.8% | $27M | $9.51M | +183.7% |
| Contract with Customer, Liability, Noncurrent | $464M | $156M | +197.1% | $401M | $158M | +154.4% |
| Contractual Obligation | $16.5M2025-12-31 | $27.5M | -40.0% | $16.5M | $27.5M | -40.0% |
| Cost of Goods and Services Sold | $424M | $358M | +18.4% | $1.25B | $675M | +84.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $37.2M | $43.3M | -14.1% |
| Current Federal, State and Local, Tax Expense (Benefit) | – | – | – | $74.4M | $59.2M | +25.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $18.8M | $294K | +6,284.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $18.4M | $15.5M | +18.4% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $19.9M | $28.1M | -29.1% | $21.3M | – | – |
| Deferred Compensation Plan Assets | $4.01M2025-12-31 | $2.73M | +46.8% | $4.01M | $2.73M | +46.8% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$54.3M | $1M | -5,526.7% |
| Deferred Federal, State and Local, Tax Expense (Benefit) | – | – | – | -$57.3M | -$9.18M | -524.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $8.28M | -$10M | +182.8% |
| Deferred Income Tax Assets, Net | $93.3M | $43.2M | +116.1% | $96M | $38.7M | +148.1% |
| Deferred Income Tax Expense (Benefit) | -$6.82M | -$4.43M | -54.0% | -$57.3M | -$9.73M | -489.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$11.4M | -$178K | -6,277.0% |
| Deferred Tax Asset, Interest Carryforward | $836K2025-12-31 | $739K | +13.1% | $836K | $739K | +13.1% |
| Deferred Tax Assets, Deferred Income | $40.1M2025-12-31 | $43.3M | -7.3% | $40.1M | $43.3M | -7.3% |
| Deferred Tax Assets, Inventory | $11.4M2025-12-31 | $6.03M | +88.8% | $11.4M | $6.03M | +88.8% |
| Deferred Tax Assets, Net | $93.7M2025-12-31 | $36.4M | +157.6% | $93.7M | $36.4M | +157.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $2.35M2025-12-31 | $10.9M | -78.4% | $2.35M | $10.9M | -78.4% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $1.1M2025-12-31 | $1.5M | -26.7% | $1.1M | $1.5M | -26.7% |
| Deferred Tax Assets, Operating Loss Carryforwards, Foreign | $12.6M2025-12-31 | $80.6M | -84.4% | $12.6M | $80.6M | -84.4% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $1.1M2025-12-31 | $1.5M | -26.7% | $1.1M | $1.5M | -26.7% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Legal Settlements | $15.3M2025-12-31 | $14.6M | +5.3% | $15.3M | $14.6M | +5.3% |
| Deferred Tax Assets, Valuation Allowance | $905K2025-12-31 | $927K | -2.4% | $905K | $927K | -2.4% |
| Deferred Tax Liabilities, Other Finite-Lived Assets | $15.7M2025-12-31 | $1.83M | +759.5% | $15.7M | $1.83M | +759.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $12.7M2025-12-31 | $7.74M | +63.6% | $12.7M | $7.74M | +63.6% |
| Depreciation | $4.2M | $2.8M | +50.0% | $11.7M | $6.5M | +80.0% |
| Depreciation, Depletion and Amortization | $10.1M | $9.12M | +10.8% | $29.5M | $7.27M | +304.9% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02