Celsius Holdings, Inc.

Listed Company

CELHCIK 0001341766NasdaqLarge AcceleratedBottled & Canned Soft Drinks & Carbonated WatersNevadaFY ends Dec 31

Period

FY 2025

Revenue

$2.52B

Net Income

$108.00M

Total Assets

$5.12B

Equity

$1.18B

Shares Out

256.98M

Op. Cash Flow

$359.44M

Business

Celsius Holdings, Inc. is a functional energy drink company that develops, processes, markets, manufactures and distributes functional energy beverages and related products for a broad consumer base, including fitness enthusiasts. Its main product portfolio includes CELSIUS® ready-to-drink 12-ounce cans, on-the-go powders, CELSIUS ESSENTIALS™ 16-ounce beverages and CELSIUS® Hydration zero-sugar powders, formulated using its proprietary MetaPlus® blend. The company operates through product development and R&D, co-packing and in-house manufacturing, an international hub for supply-chain and IP, and strategic distribution partnerships. Celsius sells through U.S. and international retail channels — supermarkets, convenience and drug stores, fitness outlets, mass merchants and e-commerce — and distributes via direct-store delivery, independent distributors and major partners such as Pepsi and regional distributors.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2,515	1,356	1,318	654	—
Cost of revenue	1,248	675	685	383	—
Gross profit	1,267	680	633	271	128
Selling, general and administrative expenses	799	524	367	429	—
Distributor termination fees	327	0	0	—	—
Income from operations	141	156	266	−158	−4
Interest income	21	39	27	5	−8,000
Interest expense	−49	0	0	—	—
Other, net	12	59,000	−1	0	—
Total other (expense) income	−16	39	25	5	31,000
Net income before provision for income taxes	125	195	292	−153	−4
Provision for income taxes	−17	−50	−65	−35	8
Net income	108	145	227	−187	4
Dividends on convertible preferred stock	−38	−28	−27	−12	0
Income allocated to participating preferred stock	−7	−10	−17	0	0
Net income attributable to common stockholders	64	107	182	−199	4
Foreign currency translation	6	−3	1	—	—
Comprehensive income	70	105	183	−201	5
Basic (in USD per share)	0.25	0.46	0.79	−0.88	0.02
Diluted (in USD per share)	0.25	0.45	0.77	−0.88	0.02
Basic (in shares)	252	234	231	227	221
Diluted (in shares)	255	237	237	227	233

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	399	890	756	614	16
Restricted cash	141	0	0	39	0
Accounts receivable-net	755	270	184	63	39
Inventories-net	338	131	229	173	191
Prepaid expenses and other current assets	129	19	20	11	14
Deferred other costs-current	49	14	—	—	—
Total current assets	1,811	1,325	1,205	918	262
Property, plant and equipment-net	88	56	25	10	3
Goodwill	918	72	14	14	15
Deferred other costs-non-current	772	234	248	262	0
Deferred tax assets	96	39	30	501,000	9
Other long-term assets	43	30	291,000	—	—
Total Assets	5,120	1,767	1,536	1,222	314
Accounts payable	138	41	43	36	—
Accrued expenses	231	149	62	70	—
Income taxes payable	50	11	50	1	—
Accrued distributor termination fees	264	0	—	—	—
Accrued promotional allowance	308	136	100	36	19
Contingent consideration	25	0	—	—	—
Deferred revenue-current	27	10	10	—	—
Other current liabilities	36	19	11	4	976,000
Total current liabilities	1,079	366	277	161	93
Long-term debt	670	0	—	—	—
Deferred revenue-non-current	401	158	167	—	—
Other long term liabilities	28	19	—	—	—
Total Liabilities	2,178	542	448	357	97
Commitments and contingencies (Note 17)	—	—	—	—	—
Common Stock, $0.001 par value per share; 400,000 shares authorized; 258,108 shares issued and 256,906 shares outstanding as of December 31, 2025; and 235,087 shares issued and 235,014 shares outstanding as of December 31, 2024.	101,000	79,000	77,000	76,000	75,000
Treasury stock, at cost; 1,202 shares and 73 shares as of December 31, 2025 and 2024, respectively	−48	−3	—	—	—
Additional paid-in capital	1,051	300	277	281	268
Accumulated other comprehensive income (loss)	3	−3	−701,000	−2	614,000
Retained earnings	176	106	−12	−239	−52
Total Stockholders Equity	1,181	400	264	40	217
Total Liabilities, Mezzanine Equity and Stockholders Equity	5,120	1,767	1,536	1,222	314

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	29	7	3	2	1
Allowance for credit losses	11	3	2	2	1
Amortization of deferred other costs	26	14	14	6	0
Inventory excess and obsolescence	29	19	7	6	2
Stock-based compensation expense	28	20	21	21	36
Deferred income taxes-net	−57	−10	−42	20	—
Change in fair value of contingent consideration	14	0	0	—	—
Loss on debt extinguishment	6	0	0	—	—
Other operating activities-net	−2	2	1	0	—
Accounts and note receivable-net	−412	−87	−122	—	—
Inventories	−130	77	−63	12	−175
Prepaid expenses and other current assets	−108	1	−8	2	1
Other long-term assets	3	−5	−28,000	37,000	—
Accounts payable	51	−1	5	428,000	24
Accrued expenses	46	85	−8	35	26
Income taxes payable	39	−40	48	−164,000	1
Accrued promotional allowance	154	36	64	17	13
Accrued distributor termination fees	258	−248,000	−4	—	—
Other current liabilities	10	5	7	3	374,000
Deferred revenue	255	−10	−13	189	0
Other long-term liabilities	2	535,000	−102,000	189	0
Net cash provided by operating activities	359	263	141	108	−97
Collections from note receivable	0	0	3	3	—
Purchase of property, plant and equipment	−36	−23	−17	−8	−3
Purchase of non-marketable equity securities	−10	−3	0	0	—
Net working capital estimate received from Pepsi related to the Rockstar Acquisition	29	0	0	—	—
Net cash used in investing activities	−1,296	−102	−14	−6	−1
Cash dividends paid on preferred stock	−38	−28	−27	−12	0
Repurchase of Common Stock related to employee tax withholdings	−6	−2	0	0	—
Repurchase of Common Stock for Treasury	−40	0	0	—	—
Proceeds from term loan	900	0	0	—	—
Payments on term loan	−202	0	0	—	—
Payment of debt issuance costs and debt discount	−30	0	0	—	—
Payment of revolver fees	−3	0	0	—	—
Other financing activities-net	−7,000	4	2	0	0
Net cash provided by (used in) financing activities	583	−26	−25	534	71
Effect on exchange rate changes on cash, cash equivalents and restricted cash	3	−997,000	1	50,000	−538,000
Net (decrease) increase in cash, cash equivalents and restricted cash	−350	134	103	637	−27
Interest	46	0	0	0	7,000
Taxes, net of refunds received	64	99	57	—	—
Acquisition date fair value of Alani Nu contingent consideration	11	0	0	—	—
Fair value of Series A Preferred Stock modification	28	0	0	—	—

Filings

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