Filing Flows › Celsius Holdings (CELH) › Q2 2026 › vs Q1 2026
Celsius Holdings (CELH) Q2 2026 vs Q1 2026 (quarter over quarter)
Celsius Holdings's revenue rose $35.3M (+5%) from $783M in Q1 2026 to $818M in Q2 2026. Gross margin 48.1% against 48.3% (-0.2 pts).
Celsius Holdings, Q2 2026: revenue $818M (+11% year over year), operating margin 9.2%, net earnings $55.3M, operating cash flow $223M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 48.1% | 48.3% | -0.2 pts |
| Operating margin | 9.2% | 17.8% | -8.6 pts |
| Net margin | 6.8% | 14.1% | -7.3 pts |
| Free cash flow margin | 25.1% | 8.4% | +16.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $818M | $783M | $35.3M | +5% |
| Gross profit | $394M | $378M | $15.6M | +4% |
| Cost of revenue | $424M | $405M | $19.7M | +5% |
| Operating profit | $75.3M | $139M | −$63.7M | -46% |
| Operating expenses | $318M | $239M | $79.4M | +33% |
| Pre-tax earnings | $69.5M | $138M | −$68.0M | -49% |
| Other expense, net | $5.7M | $1.5M | $4.3M | +293% |
| SG&A | $238M | $235M | $2.9M | +1% |
| Other operating costs | $80.9M | $4.4M | $76.4M | 18× |
| Net earnings | $55.3M | $110M | −$54.8M | -50% |
| Income tax | $14.2M | $27.4M | −$13.2M | -48% |
| Depreciation & amortization | $10.1M | $9.1M | $970K | +11% |
| Share-based compensation | $10.6M | $7.6M | $2.9M | +39% |
| Working capital & other | $147M | −$53.1M | $200M | — |
| Operating cash flow | $223M | $73.7M | $149M | +202% |
| Free cash flow (OCF − capex) | $205M | $65.8M | $140M | +212% |
| Capital expenditures | $17.1M | $7.9M | $9.2M | +116% |
Questions
How much did Celsius Holdings's revenue grow quarter over quarter in Q2 2026?
Celsius Holdings's revenue rose $35.3M (+5%) from $783M in Q1 2026 to $818M in Q2 2026. Gross margin 48.1% against 48.3% (-0.2 pts).