Filing Flows › Celsius Holdings (CELH) › Q2 2026 › vs Q2 2025
Celsius Holdings (CELH) Q2 2026 vs Q2 2025 (year over year)
Celsius Holdings's revenue rose $78.7M (+11%) from $739M in Q2 2025 to $818M in Q2 2026. Gross margin 48.1% against 51.5% (-3.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 48.1% | 51.5% | -3.4 pts |
| Operating margin | 9.2% | 19.3% | -10.1 pts |
| Net margin | 6.8% | 13.5% | -6.7 pts |
| Free cash flow margin | 25.1% | 4.8% | +20.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $818M | $739M | $78.7M | +11% |
| Gross profit | $394M | $381M | $12.8M | +3% |
| Cost of revenue | $424M | $358M | $65.8M | +18% |
| Operating profit | $75.3M | $143M | −$67.7M | -47% |
| Operating expenses | $318M | $238M | $80.5M | +34% |
| Pre-tax earnings | $69.5M | $129M | −$59.9M | -46% |
| Other expense, net | $5.7M | $13.5M | −$7.8M | -58% |
| Net earnings | $55.3M | $99.9M | −$44.6M | -45% |
| Income tax | $14.2M | $29.6M | −$15.4M | -52% |
| Depreciation & amortization | $10.1M | $9.1M | $985K | +11% |
| Share-based compensation | $10.6M | $6.4M | $4.1M | +64% |
| Working capital & other | $147M | −$71.7M | $218M | — |
| Operating cash flow | $223M | $43.7M | $179M | +409% |
| Free cash flow (OCF − capex) | $205M | $35.5M | $170M | +479% |
| Capital expenditures | $17.1M | $8.2M | $8.8M | +107% |
Questions
How much did Celsius Holdings's revenue grow year over year in Q2 2026?
Celsius Holdings's revenue rose $78.7M (+11%) from $739M in Q2 2025 to $818M in Q2 2026. Gross margin 48.1% against 51.5% (-3.4 pts).