Filing Flows › Celsius Holdings (CELH) › Q4 2025
Celsius Holdings (CELH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
Celsius Holdings (CELH) reported revenue of $722M for the fourth quarter 2025 (Q4 2025), +117% from a year earlier and -0.5% from the quarter before. Operating margin was 3.6%, net earnings $24.7M (3.4% of revenue).
Celsius Holdings, Q4 2025: revenue $722M (+117% year over year), operating margin 3.6%, net earnings $24.7M, operating cash flow −$119M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $722M | -0.5% | +117% |
| Gross profit | $342M | -8% | +105% |
| Operating profit | $26.1M | — | — |
| Net earnings | $24.7M | — | — |
| Operating cash flow | −$119M | -136% | — |
What changed
Revenue was $721.6M in Q4 2025, up 117% year over year and roughly flat from the previous quarter.
Gross margin was 47.4%, down 2.8 points from a year earlier. Operating profit was $26.1M, a 3.6% margin (up 9.2 points year over year). Operating expenses grew 71% against revenue growth of 117%. The fastest-growing cost line was SG&A (+27%). Net earnings were $24.7M. The effective tax rate was -9.4%.
Operating cash flow was −$119.4M. Non-cash charges added back $8.9M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items used $162.3M. Capital expenditures of $10.5M exceeded it, leaving free cash flow of −$130.0M.
Questions
What was Celsius Holdings' revenue in the fourth quarter 2025?
Celsius Holdings (CELH) reported revenue of $722M for the fourth quarter 2025 (Q4 2025), +117% from a year earlier and -0.5% from the quarter before.
Was Celsius Holdings profitable in the fourth quarter 2025?
Operating profit was $26.1M (3.6% of revenue) and net earnings $24.7M.
Source: Celsius Holdings 10-K on SEC EDGAR.