Filing Flows › Celsius Holdings (CELH) › Q3 2025
Celsius Holdings (CELH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Celsius Holdings (CELH) reported revenue of $725M for the third quarter 2025 (Q3 2025), +173% from a year earlier and -2% from the quarter before. Operating margin was -11.0%, net loss $61.0M (8.4% of revenue).
Celsius Holdings, Q3 2025: revenue $725M (+173% year over year), operating margin -11.0%, net loss $61.0M, operating cash flow $332M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $725M | -2% | +173% |
| Operating profit | −$80.0M | -156% | — |
| Net earnings | −$61.0M | -161% | — |
| Operating cash flow | $332M | +659% | 26× |
| Free cash flow | $321M | +806% | 37× |
What changed
Revenue was $725.1M in Q3 2025, up 173% year over year and down 2% from the previous quarter.
Gross margin was 51.3%, up 5.3 points from a year earlier. Operating costs exceeded revenue by $80.0M, an operating margin of -11.0%. Operating expenses grew 261% against revenue growth of 173%. The fastest-growing cost line was SG&A (+64%). The quarter ended with a net loss of $61.0M, after a profit of $99.9M the previous quarter.
Operating cash flow was $331.8M (up 2465% year over year). Non-cash charges added back $8.8M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $376.6M. Capital expenditures of $10.3M left free cash flow of $321.5M.
Questions
What was Celsius Holdings' revenue in the third quarter 2025?
Celsius Holdings (CELH) reported revenue of $725M for the third quarter 2025 (Q3 2025), +173% from a year earlier and -2% from the quarter before.
Was Celsius Holdings profitable in the third quarter 2025?
Operating loss was $80.0M (-11.0% of revenue) and net loss $61.0M.
Source: Celsius Holdings 10-Q on SEC EDGAR.