# Celsius Holdings, Inc. (CELH)

> CELH · Nasdaq · Consumer staples, beverages · United States · US GAAP · Fiscal year ends December
>
> Latest report: Q3 FY2026, the quarter ended 30 September 2026, released 5 November 2026. Snapshot FY2026Q3_d5c01897.

Page: https://annalist.io/company/celsius/

Identifiers: CIK 0001341766

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $847m | 847228000 | USD | +16.8% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Operating income, quarter | $172m | 172063000 | USD | n.m. year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Net income, quarter | $127m | 126956000 | USD | n.m. year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Diluted EPS, quarter | $0.39 | 0.39 | USD/shares | n.m. year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Operating margin, last 4 quarters | 13.0% | 13.0112 | % | +8.5pp year on year | FY2026 Q3 | 2026-09-30 | 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09 |
| Return on equity, last 4 quarters | 25.6% | 25.5872 | % | +17.7pp year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 30 September 2026 was US$847 million, 16.8% higher than in the same quarter a year earlier. [Strengthened in Q3 FY2026] Sources: 10-Q 2026-09.
- Net income attributable to the company was US$127 million, against a net loss of US$61 million in the same quarter a year earlier. [New in Q3 FY2026] Sources: 10-Q 2026-09.
- The operating margin over the last 4 quarters was 13.0%, 8.5 percentage points higher than a year earlier. [New in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Return on equity over the last 4 quarters was 25.6%, against 7.9% a year earlier. [New in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2024-09.
- Free cash flow over the last 4 quarters was US$269 million, and operating cash flow was 1.0 times net income attributable to the company. [Weakened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Cash and short-term investments exceeded total debt by US$26 million at 30 September 2026. [New in Q3 FY2026] Sources: 10-Q 2026-09.
- Lease-adjusted debt was 1.4 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 51.8% of that debt. Debt to EBITDA is within the minimal band of the S&P standard volatility table and FFO to debt within the modest band. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025 and lease liabilities of Q4 FY2025. [New in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2026-09, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2025-03.
- Cash, short-term investments and operating cash flow over the last 4 quarters equalled 15.0 times the sum of debt due within 12 months, capital expenditure and dividends. [Weakened in Q3 FY2026] Sources: 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 0.3% of average total assets. [Weakened in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06.
- The Altman Z'' score for fiscal 2025 was 1.81, between the distress threshold of 1.10 and the safe threshold of 2.60. [New in FY2025] Sources: 10-Q 2026-09, 10-K 2025-12.
- The Beneish M-score for fiscal 2025 was minus 0.92, above the model threshold of minus 1.78. [New in FY2025] Sources: 10-K 2025-12, 10-Q 2026-09.
- The Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, long-term debt to assets lower than a year earlier and current ratio higher than a year earlier. [Confirmed in FY2025] Sources: 10-K 2024-12, 10-K 2025-12, 10-Q 2026-09.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2025 | 2025-12-31 | Revenue | $2.5bn | 2515269000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-31 | Operating income | $141m | 141062000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-31 | Net income attributable to the company | $108m | 107999000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Revenue | $1.4bn | 1355630000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Operating income | $156m | 155728000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Net income attributable to the company | $145m | 145074000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Revenue | $1.3bn | 1318014000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Operating income | $266m | 266366000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Net income attributable to the company | $227m | 226801000 | USD | 10-K 2025-12 |
| FY2022 | 2022-12-31 | Revenue | $654m | 653604000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-31 | Operating income | −$158m | -157801000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-31 | Net income attributable to the company | −$187m | -187282000 | USD | 10-K 2024-12 |
| FY2021 | 2021-12-31 | Revenue | $314m | 314272000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Operating income | −$4.1m | -4090000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Net income attributable to the company | $3.9m | 3937000 | USD | 10-K 2023-12 |

## Source Documents

- 10-Q 2026-09: Form 10-Q, period ended 30 September 2026, 5 Nov 2026 (https://www.sec.gov/Archives/edgar/data/1341766/000134176626000062/celh-20260930.htm)
- 10-K 2025-12: Form 10-K, period ended 31 December 2025, 2 Mar 2026 (https://www.sec.gov/Archives/edgar/data/1341766/000134176626000024/celh-20251231.htm)
- 10-Q 2025-09: Form 10-Q, period ended 30 September 2025, 7 Nov 2025 (https://www.sec.gov/Archives/edgar/data/1341766/000134176625000144/celh-20250930.htm)
- 10-Q 2026-03: Form 10-Q, period ended 31 March 2026, 7 May 2026 (https://www.sec.gov/Archives/edgar/data/1341766/000134176626000039/celh-20260331.htm)
- 10-Q 2026-06: Form 10-Q, period ended 30 June 2026, 6 Aug 2026 (https://www.sec.gov/Archives/edgar/data/1341766/000134176626000050/celh-20260630.htm)
- 10-Q 2024-09: Form 10-Q, period ended 30 September 2024, 6 Nov 2024 (https://www.sec.gov/Archives/edgar/data/1341766/000134176624000093/celh-20240930.htm)
- 10-Q 2025-03: Form 10-Q, period ended 31 March 2025, 6 May 2025 (https://www.sec.gov/Archives/edgar/data/1341766/000134176625000080/celh-20250331.htm)
- 10-K 2024-12: Form 10-K, period ended 31 December 2024, 3 Mar 2025 (https://www.sec.gov/Archives/edgar/data/1341766/000134176625000024/celh-20241231.htm)
- 10-K 2023-12: Form 10-K, period ended 31 December 2023, 29 Feb 2024 (https://www.sec.gov/Archives/edgar/data/1341766/000134176624000015/celh-20231231.htm)

## Reliability

- 319 checks compare these figures with other official figures; 0 failed.
- 5 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/celsius/snapshots.json

## Cite

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## Full Data

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## Peers

- [Monster Beverage Corporation](https://annalist.io/company/monster-beverage/brief.md)
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- [PepsiCo, Inc.](https://annalist.io/company/pepsico/brief.md)
- [Side by side](https://annalist.io/compare/?c=celsius,monster-beverage,coca-cola,pepsico)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.