Filing Flows

Filing Flows › Consumer Staples › Celsius Holdings (CELH)

Celsius Holdings (CELH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Celsius Holdings (CELH) Q3 2026 earnings results →

Q3 2026 Revenue up 17% year over year to $847M · 15¢ of every $1 of revenue kept as net profit · operating margin 20.3%

Celsius Holdings made $847M in Q3 2026 (+17% Y/Y). Operating margin 20.3%, net earnings $127M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$847M
Year over year+17%
Operating margin20.3%
Net earnings$127M
Operating cash flow$154M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $847.2M in Q3 2026, up 17% year over year and up 4% from the previous quarter.

Gross margin was 46.8%, down 4.6 points from Q3 2025. Operating profit was $172.1M, a 20.3% margin (up 31.3 points year over year). Operating expenses fell 50% while revenue rose 17%. Net earnings were $127.0M. The effective tax rate was 22.1%.

Operating cash flow was $153.9M (down 54% year over year), 121% of net earnings. Non-cash charges added back $10.6M of depreciation and amortization and $8.7M of share-based compensation. Capital expenditures of $26.2M left free cash flow of $127.7M.

Quarterly history

Celsius Holdings revenue by quarterCelsius Holdings revenue by quarter$329MQ1 2025$739MQ2 2025$725MQ3 2025$722MQ4 2025$783MQ1 2026$818MQ2 2026$847MQ3 2026
Celsius Holdings net earnings by quarterCelsius Holdings net earnings by quarter$44.4MQ1 2025$99.9MQ2 2025−$61.0MQ3 2025$24.7MQ4 2025$110MQ1 2026$55.3MQ2 2026$127MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$847M+17%20.3%$127M$154M
Q2 202610-QAug 6, 2026$818M+11%9.2%$55.3M$223M
Q1 202610-QMay 7, 2026$783M+138%17.8%$110M$73.7M
Q4 202510-KMar 2, 2026$722M+117%3.6%$24.7M−$119M
Q3 202510-QNov 7, 2025$725M+173%-11.0%−$61.0M$332M
Q2 202510-QAug 8, 2025$739M+84%19.3%$99.9M$43.7M
Q1 202510-QMay 6, 2025$329M-7%15.8%$44.4M$103M

Charts

Celsius Holdings: revenue growth, year over year and quarter over quarterCelsius Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-7%Q1 2025+84%+125%Q2 2025+173%-2%Q3 2025+117%0%Q4 2025+138%+8%Q1 2026+11%+5%Q2 2026+17%+4%Q3 2026
Latest (Q3 2026): Y/Y +17%, Q/Q +4%.
Celsius Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Celsius Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Other financing−$481MOperating cash flow$331MCash drawn (+) / kept (−)$232MCapital spending−$61.7MBuybacks−$12.5MOther investing−$6.2MExchange rates−$1.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Celsius Holdings: profit against cash, quarter by quarterCelsius Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$18.9M$75.7MQ4 2024$44.4M$103MQ1 2025$99.9M$43.7MQ2 2025−$61.0M$332MQ3 2025$24.7M−$119MQ4 2025$110M$73.7MQ1 2026$55.3M$223MQ2 2026$127M$154MQ3 2026
Latest (Q3 2026): Net income $127M, Operating cash flow $154M.
Celsius Holdings: diluted shares by fiscal year (split-adjusted)Celsius Holdings: diluted shares by fiscal year (split-adjusted)223MFY2020233MFY2021227MFY2022237MFY2023237MFY2024255MFY2025
+14.1% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 3-for-1 split before FY2023.
Celsius Holdings: long-term debt falling due (FY2025)Celsius Holdings: long-term debt falling due (FY2025)$7.0M2026$7.0M2027$7.0M2028$7.0M2029$7.0M2030$663MLater
Cash $399M, short-term investments —, long-term debt $677M at 2025-12-31.
Celsius Holdings in its industry: growth against margin (6 companies, SIC 2086)Celsius Holdings in its industry: growth against margin (6 companies, SIC 2086)revenue growth, year over year →↑ operating marginmedian +17%median 18%MNSTCOKEFIZZZVIAREEDCELH (+17%, 20%)
Bottled & Canned Soft Drinks & Carbonated Waters; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Sells to

About Celsius Holdings

When used in this Report, unless otherwise indicated, the terms the "Company,” “Celsius,” “we,” “us” and “our” refer to Celsius Holdings, Inc. and its subsidiaries. Definitions of certain capitalized terms used in this Report are included within the Master Glossary. We were incorporated in the State of Nevada on April 26, 2005. Our Common Stock is listed on the Nasdaq Capital Market under the symbol "CELH".

In its own words, from its 10-K, filed Mar 2, 2026.

Celsius Holdings against its Bottled & Canned Soft Drinks & Carbonated Waters peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +17% against the peers' median +17%. Operating margin: 20.3% against the peers' median 17.7%.

CompanyQuarterRevenueY/YOp. margin
CELH Celsius HoldingsQ3 2026$847M+17%20.3%
MNST Monster BeverageQ3 2026$2.6B+17%28.0%
COKE Coca-Cola ConsolidatedQ3 2026$2.0B+5%13.7%
FIZZ National BeverageQ1 FY27$331M0%17.7%
ZVIA Zevia PBCQ3 2026$48.3M+18%-4.5%
REED Reed'sQ2 2026$7.5M-21%-54.3%

Source: Celsius Holdings 10-Q on SEC EDGAR · CIK 1341766 · Bottled & Canned Soft Drinks & Carbonated Waters

Guidance and outlook

Celsius Holdings: what its forward-looking statements are about (10-Q filed 2026-11-05)Celsius Holdings: what its forward-looking statements are about (10-Q filed 2026-11-05)Other3Demand2Deals1Tax1Buybacks & dividends1Financing1
9 statements; tone +0.22 (−1 all cautious, +1 all confident); 2 hedged.
Celsius Holdings: outlook statements against the filing beforeCelsius Holdings: outlook statements against the filing beforeConfident3Cautious1

13F: who owns CELH and who is buying

Largest holders of CELH (13F)Largest holders of CELH (13F)Vanguard Group$827MBlackRock$539MAlliancebernstein L.P.$297MSachem Head Capital Management LP$266MVanguard Portfolio Management LLC$263MVanguard Capital Management LLC$242MMorgan Stanley$223MFMR LLC$194MWestfield Capital Management Co LP$156MState Street$154M
Funds' net buying of CELH by quarter (13F)Funds' net buying of CELH by quarter (13F)−$518M2024-09$75.9M2024-12$53.2M2025-03$1.2B2025-06−$515M2025-09−$41.8M2025-12−$26.1M2026-03$68.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CELH

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare CELH with

中文版：Celsius Holdings（CELH）财报

Español · Français