Filing Flows › Celsius Holdings (CELH) › Q1 2026
Celsius Holdings (CELH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Celsius Holdings (CELH) reported revenue of $783M for the first quarter 2026 (Q1 2026), +138% from a year earlier and +8% from the quarter before. Operating margin was 17.8%, net earnings $110M (14.1% of revenue).
Celsius Holdings, Q1 2026: revenue $783M (+138% year over year), operating margin 17.8%, net earnings $110M, operating cash flow $73.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $783M | +8% | +138% |
| Gross profit | $378M | +11% | +119% |
| Operating profit | $139M | +433% | +167% |
| Net earnings | $110M | +345% | +148% |
| Operating cash flow | $73.7M | — | -29% |
| Free cash flow | $65.8M | — | -32% |
What changed
Revenue was $782.6M in Q1 2026, up 138% year over year and up 8% from the previous quarter.
Gross margin was 48.3%, down 4.0 points from Q1 2025. Operating profit was $139.0M, a 17.8% margin (up 2.0 points year over year). Of the extra revenue versus Q1 2025, 19% reached operating profit, above the 16% margin then. Operating expenses grew 99% against revenue growth of 138%. Net earnings were $110.1M, up 148% year over year. The effective tax rate was 19.9%.
Operating cash flow was $73.7M (down 29% year over year), 67% of net earnings. Non-cash charges added back $9.1M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $53.1M. Capital expenditures of $7.9M left free cash flow of $65.8M.
Questions
What was Celsius Holdings' revenue in the first quarter 2026?
Celsius Holdings (CELH) reported revenue of $783M for the first quarter 2026 (Q1 2026), +138% from a year earlier and +8% from the quarter before.
Was Celsius Holdings profitable in the first quarter 2026?
Operating profit was $139M (17.8% of revenue) and net earnings $110M.
Source: Celsius Holdings 10-Q on SEC EDGAR.