Celsius Holdings, Inc. (CELH) Balance Sheet
CELH balance sheet, 2025
December 31, 2025 · U.S. dollars$5.12B assets = $2.18B liabilities + $2.94B equity
Both columns are drawn to the same scale: what CELH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CELH financial health
Descriptive bands, not a rating. Fiscal 2025.
CELH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $17.7M2016 | $5.12B2025 | +87.7%/yr | |
| Total liabilities | $6.8M2016 | $2.18B2025 | +89.8%/yr | |
| Shareholders’ equity | $10.9M2016 | $2.94B2025 | +86.3%/yr | |
| Cash & short-term investments | $11.7M2016 | $398.9M2025 | +47.9%/yr | |
| Total debt | $4.8M2016 | $669.9M2025 | +72.9%/yr | |
| Net cash (debt) | $6.9M2016 | −$271.1M2025 | −$278.0M | |
| Working capital | $15.4M2016 | $732.4M2025 | +$717.1M | |
| Book value per share | $0.092016 | $12.402025 | +72.0%/yr | |
| Current ratio | 7.612016 | 1.682025 | −5.94 | |
| Debt / equity | 0.442016 | 0.232025 | −0.22 | |
| Shares outstanding | 115.7M2016 | 237.2M2025 | +8.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CELH assets
CELH liabilities and equity
CELH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CELH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $398.9M | $890.2M | $756.0M | $614.2M | $16.3M | $43.2M | $23.1M | $7.7M | $14.2M | $11.7M |
| Cash & equivalents | $398.9M | $890.2M | $756.0M | $614.2M | $16.3M | $43.2M | $23.1M | $7.7M | $14.2M | $11.7M |
| Receivables | $755.5M | $270.3M | $186.0M | $66.3M | $41.3M | $16.9M | $9.0M | $13.0M | $6.4M | $2.8M |
| Inventory | $337.7M | $131.2M | $229.3M | $173.3M | $191.2M | $18.4M | $15.3M | $11.5M | $5.3M | $2.2M |
| Other current assets | $319.1M | $32.9M | $33.6M | $64.2M | $13.6M | $14.6M | $4.2M | $2.3M | $1.2M | $937,349 |
| Total current assets | $1.81B | $1.32B | $1.20B | $918.0M | $262.4M | $93.2M | $51.5M | $34.5M | $27.0M | $17.7M |
| Property, plant & equipment (net) | $87.9M | $77.4M | $27.0M | $11.4M | $4.4M | $1.6M | $942,355 | $121,854 | $62,642 | $33,533 |
| Goodwill & intangible assets | $2.31B | $83.8M | $26.3M | $25.9M | $30.8M | $27.0M | $27.2M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $3.6M | $7.1M | $9.4M | $10.6M | $0 | $0 | $0 |
| Other non-current assets | $911.1M | $281.1M | $278.1M | $263.2M | $9.3M | $122,733 | $104,133 | $0 | $0 | $0 |
| Total assets | $5.12B | $1.77B | $1.54B | $1.22B | $314.0M | $131.3M | $90.4M | $34.6M | $27.1M | $17.7M |
| Liabilities | ||||||||||
| Accounts payable | $137.9M | $41.3M | $42.8M | $36.2M | $35.8M | $11.9M | $10.2M | $5.8M | $6.3M | $1.8M |
| Short-term debt | — | $3.4M | $1.0M | $731,000 | $669,000 | $527,107 | $9.3M | — | $115,962 | $340,706 |
| Deferred revenue | $27.0M | $23.3M | $21.4M | $18.3M | $5.4M | $40,433 | — | — | $17,921 | $214,612 |
| Total current liabilities | $1.08B | $365.5M | $276.6M | $161.3M | $93.1M | $26.4M | $26.7M | $14.9M | $6.5M | $2.3M |
| Long-term debt | $669.9M | $0 | $0 | $0 | $0 | $0 | $132,540 | $8.0M | $3.5M | $4.5M |
| Lease obligations | — | $20.2M | $2.2M | $1.2M | $1.4M | $1.1M | $888,922 | — | — | — |
| Other long-term liabilities | $429.5M | $176.9M | $171.3M | $196.2M | $3.8M | $597,238 | $107,308 | $1 | $0 | $0 |
| Total liabilities | $2.18B | $542.5M | $447.9M | $357.5M | $97.0M | $27.0M | $26.9M | $22.8M | $10.0M | $6.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $101,000 | $79,000 | $77,000 | $76,000 | $75,000 | $72,263 | $68,942 | $57,003 | $45,702 | $40,000 |
| Retained earnings (deficit) | $175.9M | $105.5M | −$12.1M | −$238.8M | −$51.5M | −$55.4M | −$63.4M | −$73.4M | −$62.0M | −$53.4M |
| Accumulated other comprehensive income | $3.2M | −$3.2M | −$701,000 | −$1.9M | $613,999 | −$202,142 | −$753,520 | −$26,997 | −$39,378 | −$258,093 |
| Total shareholders' equity | $2.94B | $1.22B | $1.09B | $864.6M | $217.0M | $104.3M | $63.5M | $11.8M | $17.1M | $10.9M |
| Key figures | ||||||||||
| Total debt | $669.9M | $20.2M | $2.2M | $1.2M | $1.4M | $1.1M | $9.5M | $8.0M | $3.6M | $4.8M |
| Net cash (debt) | −$271.1M | $869.9M | $753.8M | $612.9M | $14.9M | $42.1M | $13.6M | −$216,200 | $10.6M | $6.9M |
| Working capital | $732.4M | $959.0M | $928.3M | $756.7M | $169.2M | $66.8M | $24.8M | $19.6M | $20.6M | $15.4M |
| Tangible book value | $632.0M | $1.14B | $1.06B | $838.6M | $186.2M | $77.3M | $36.3M | $11.8M | $17.1M | $10.9M |
| Book value per share | $12.40 | $5.16 | $4.59 | $3.81 | $0.93 | $0.47 | $0.33 | $0.08 | $0.13 | $0.09 |
| Shares outstanding | 237.2M | 237.4M | 237.0M | 226.9M | 233.1M | 223.3M | 192.6M | 150.2M | 133.3M | 115.7M |
| Current ratio | 1.68 | 3.62 | 4.36 | 5.69 | 2.82 | 3.53 | 1.93 | 2.32 | 4.18 | 7.61 |
| Quick ratio | 1.07 | 3.17 | 3.41 | 4.22 | 0.62 | 2.28 | 1.20 | 1.39 | 3.18 | 6.26 |
| Debt / equity | 0.23 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.15 | 0.67 | 0.21 | 0.44 |
| Equity / assets | 57.5% | 69.3% | 70.8% | 70.7% | 69.1% | 79.5% | 70.2% | 34.1% | 63.2% | 61.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $631.2M | $549.2M | $398.9M | $806.0M | $615.2M | $977.3M | $890.2M | $903.7M | $903.2M | $879.5M | $756.0M | $760.0M |
| Cash & equivalents | $631.2M | $549.2M | $398.9M | $806.0M | $615.2M | $977.3M | $890.2M | $903.7M | $903.2M | $879.5M | $756.0M | $760.0M |
| Receivables | $735.3M | $832.4M | $755.5M | $513.7M | $490.4M | $256.4M | $270.3M | $209.8M | $264.1M | $202.4M | $186.0M | $218.6M |
| Inventory | $390.6M | $364.1M | $337.7M | $282.5M | $230.0M | $141.2M | $131.2M | $197.6M | $180.7M | $197.5M | $229.3M | $198.7M |
| Other current assets | $118.8M | $69.1M | $319.1M | $339.4M | $55.5M | $36.6M | $32.9M | $52.4M | $37.0M | $35.6M | $33.6M | $37.9M |
| Total current assets | $1.88B | $1.81B | $1.81B | $1.94B | $1.39B | $1.41B | $1.32B | $1.36B | $1.38B | $1.32B | $1.20B | $1.22B |
| Property, plant & equipment (net) | $108.7M | $96.8M | $87.9M | $80.9M | $72.5M | $79.6M | $77.4M | $44.1M | $38.0M | $30.3M | $27.0M | $22.4M |
| Goodwill & intangible assets | $2.30B | $2.31B | $2.31B | $2.31B | $2.02B | $84.6M | $83.8M | $26.2M | $25.2M | $25.6M | $26.3M | $25.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $884.0M | $940.5M | $911.1M | $930.4M | $307.1M | $283.9M | $281.1M | $270.5M | $270.7M | $275.2M | $278.1M | $282.7M |
| Total assets | $5.17B | $5.16B | $5.12B | $5.27B | $3.80B | $1.86B | $1.77B | $1.70B | $1.72B | $1.65B | $1.54B | $1.55B |
| Liabilities | ||||||||||||
| Accounts payable | $202.1M | $198.2M | $137.9M | $97.8M | $121.0M | $61.1M | $41.3M | $30.9M | $47.4M | $40.2M | $42.8M | $28.1M |
| Short-term debt | — | $7.0M | — | — | $9.0M | $3.5M | $3.4M | $1.5M | $790,000 | $882,000 | $1.0M | $691,000 |
| Deferred revenue | $31.5M | $26.9M | $27.0M | $25.6M | $55.5M | $32.9M | $23.3M | $24.3M | $28.0M | $24.7M | $21.4M | $58.4M |
| Total current liabilities | $1.04B | $1.05B | $1.08B | $1.03B | $659.8M | $417.9M | $365.5M | $289.5M | $313.0M | $315.3M | $276.6M | $335.5M |
| Long-term debt | $667.9M | $668.9M | $669.9M | $861.5M | $862.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | $19.7M | $20.2M | $5.8M | $1.8M | $2.0M | $2.2M | $1.3M |
| Other long-term liabilities | $497.1M | $2.19B | $429.5M | $411.9M | $181.1M | $174.1M | $176.9M | $166.7M | $165.7M | $168.2M | $171.3M | $172.3M |
| Total liabilities | $2.21B | $3.91B | $2.18B | $2.30B | $1.70B | $591.9M | $542.5M | $456.2M | $478.6M | $483.5M | $447.9M | $507.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $101,000 | $101,000 | $101,000 | $101,000 | $101,000 | $79,000 | $79,000 | $79,000 | $78,000 | $78,000 | $77,000 | $77,000 |
| Retained earnings (deficit) | $313.2M | $272.0M | $175.9M | $165.5M | $236.2M | $143.2M | $105.5M | $131.3M | $131.9M | $58.9M | −$12.1M | −$62.2M |
| Accumulated other comprehensive income | $670,000 | $1.6M | $3.2M | $2.5M | $2.2M | −$1.0M | −$3.2M | −$338,000 | −$2.4M | −$2.1M | −$701,000 | −$2.5M |
| Total shareholders' equity | $2.96B | $1.25B | $2.94B | $2.96B | $2.09B | $1.27B | $1.22B | $1.25B | $1.24B | $1.16B | $1.09B | $1.04B |
| Key figures | ||||||||||||
| Total debt | $667.9M | $2.44B | $669.9M | $861.5M | $862.9M | $19.7M | $20.2M | $5.8M | $1.8M | $2.0M | $2.2M | $1.3M |
| Net cash (debt) | −$36.6M | −$1.89B | −$271.1M | −$55.5M | −$247.7M | $957.6M | $869.9M | $897.9M | $901.4M | $877.5M | $753.8M | $758.7M |
| Working capital | $832.3M | $763.5M | $732.4M | $912.6M | $731.4M | $993.6M | $959.0M | $1.07B | $1.07B | $999.8M | $928.3M | $879.6M |
| Tangible book value | $660.1M | −$1.05B | $632.0M | $650.6M | $67.0M | $1.18B | $1.14B | $1.22B | $1.22B | $1.14B | $1.06B | $1.01B |
| Book value per share | $11.52 | $4.81 | $12.40 | $12.49 | $8.82 | $5.34 | $6.49 | $5.34 | $5.22 | $4.90 | $4.70 | $4.37 |
| Shares outstanding | 256.9M | 259.8M | 237.2M | 237.2M | 237.2M | 237.2M | 188.8M | 233.7M | 237.6M | 237.5M | 231.8M | 237.3M |
| Current ratio | 1.80 | 1.73 | 1.68 | 1.89 | 2.11 | 3.38 | 3.62 | 4.71 | 4.43 | 4.17 | 4.36 | 3.62 |
| Quick ratio | 1.31 | 1.31 | 1.07 | 1.28 | 1.68 | 2.95 | 3.17 | 3.85 | 3.73 | 3.43 | 3.41 | 2.92 |
| Debt / equity | 0.23 | 1.95 | 0.23 | 0.29 | 0.41 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 57.3% | 24.3% | 57.5% | 56.3% | 55.1% | 68.2% | 69.3% | 73.2% | 72.2% | 70.6% | 70.8% | 67.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
CELH financial position
At the end of fiscal 2025 (December 31, 2025), Celsius had total assets of $5.1 billion (up 189.8% from a year earlier), total liabilities of $2.2 billion and shareholders' equity of $2.9 billion. It held $398.9 million in cash and short-term investments against $669.9 million of debt, net debt of $271.1 million. Its current ratio was 1.68. In the latest quarter (ended June 30, 2026) total assets were $5.2 billion and equity $3.0 billion.
Related: CELH income statement, CELH cash flow statement, CELH key metrics. See the CELH stock overview for the latest quote and news.
CELH balance sheet FAQ
What are Celsius's total assets?
Celsius reported total assets of $5.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.8 billion a year earlier.
How much debt does Celsius have?
Celsius had $669.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.23.
How much cash does Celsius have?
Celsius held $398.9 million in cash and short-term investments at the end of fiscal 2025; with $669.9 million of debt that is net debt of $271.1 million.
What is Celsius's book value?
Celsius's shareholders' equity (book value) was $2.9 billion at the end of fiscal 2025, or $12.40 per share.
What is Celsius's current ratio?
Celsius had current assets of $1.8 billion and current liabilities of $1.1 billion, a current ratio of 1.68 (it can cover its short-term obligations).
How much goodwill does Celsius have?
Celsius carried $2.3 billion of goodwill and intangible assets, 45.1% of total assets, at the end of fiscal 2025.