Celsius Holdings, Inc. (CELH) Income Statement
CELH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCELH revenue and net income
Where CELH's revenue goes
2025Each bar shows an amount and its share of revenue. CELH kept 4.3% of revenue as net income.
CELH profit margins
CELH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +85.5% | +56.7% | +80.7% | +64.6% |
| Gross profit | +86.3% | +67.3% | +83.5% | +68.1% |
| Operating income | −9.4% | — | +77.9% | — |
| Net income | −25.6% | — | +66.2% | — |
| EPS (diluted) | +38.1% | — | +39.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CELH quarterly EPS vs estimates
Celsius beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.34).
CELH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $1.36B | $1.32B | $653.6M | $314.3M | $130.7M | $75.1M | $52.6M | $36.2M | $22.8M |
| Cost of revenue | $1.25B | $675.4M | $684.9M | $382.7M | $186.1M | $69.8M | $43.8M | $31.5M | $20.7M | $13.0M |
| Gross profit | $1.27B | $680.2M | $633.1M | $270.9M | $128.2M | $61.0M | $31.3M | $21.1M | $15.4M | $9.7M |
| Research & development | — | $1.0M | $1.7M | $400,000 | $1.0M | $508,000 | $341,000 | $572,000 | $210,000 | $90,000 |
| Sales, general & admin | $798.8M | $516.1M | $363.7M | $428.7M | $132.3M | $53.1M | $32.8M | $31.7M | $23.5M | $12.6M |
| Total operating expenses | $1.13B | $524.5M | $366.8M | $428.7M | $132.3M | $53.1M | $32.8M | $31.7M | $23.5M | $12.6M |
| Operating income | $141.1M | $155.7M | $266.4M | −$157.8M | −$4.1M | $7.9M | −$1.4M | −$10.6M | −$8.1M | −$2.8M |
| Interest income | $21.1M | $39.3M | $21.7M | $5.5M | $314,833 | $355,821 | $381,728 | $188,860 | $160,620 | $228,750 |
| Interest expense | $49.0M | $0 | $26.5M | $5.3M | $8,000 | $1.1M | $1.4M | $188,856 | $160,616 | $228,750 |
| Income before taxes | $125.0M | $195.1M | $291.7M | −$152.7M | −$4.1M | $8.6M | $10.0M | −$11.2M | −$8.2M | −$3.1M |
| Income taxes | $17.0M | $50.0M | $64.9M | $34.6M | −$8.0M | $116,000 | $470,491 | $565,904 | $160,616 | $222,655 |
| Net income | $108.0M | $145.1M | $226.8M | −$187.3M | $3.9M | $8.5M | $10.0M | −$11.2M | −$8.2M | −$3.1M |
| EBITDA | $203.5M | $202.3M | $295.0M | −$150.7M | −$2.8M | $11.3M | $12.3M | −$10.6M | −$8.1M | −$2.8M |
| EPS (diluted) | $0.58 | $0.42 | $0.55 | −$2.67 | $0.03 | $0.11 | $0.17 | −$0.09 | −$0.17 | −$0.10 |
| Gross margin | 50.4% | 50.2% | 48.0% | 41.4% | 40.8% | 46.6% | 41.7% | 40.0% | 42.7% | 42.7% |
| Operating margin | 5.6% | 11.5% | 20.2% | −24.1% | −1.3% | 6.1% | −1.9% | −20.2% | −22.3% | −12.5% |
| Net margin | 4.3% | 10.7% | 17.2% | −28.7% | 1.3% | 6.5% | 13.3% | −21.3% | −22.8% | −13.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $817.9M | $782.6M | $721.6M | $725.1M | $739.3M | $329.3M | $332.2M | $265.7M | $402.0M | $355.7M | $347.4M | $384.8M |
| Cost of revenue | $424.2M | $404.5M | $379.8M | $352.8M | $358.4M | $156.9M | $165.5M | $143.5M | $192.9M | $173.5M | $181.2M | $190.7M |
| Gross profit | $393.7M | $378.1M | $341.8M | $372.3M | $380.9M | $172.4M | $166.7M | $122.2M | $209.1M | $182.2M | $166.2M | $194.1M |
| Research & development | — | — | — | — | — | — | $200,000 | $300,000 | $200,000 | $200,000 | $700,000 | $500,000 |
| Sales, general & admin | $237.6M | $234.6M | $235.0M | $205.6M | $167.1M | $108.3M | $182.5M | $122.8M | $113.2M | $97.6M | $62.7M | $51.7M |
| Total operating expenses | $318.4M | $239.1M | $235.0M | $452.3M | $237.9M | $120.3M | $185.2M | $125.4M | $114.8M | $99.0M | $107.3M | $96.4M |
| Operating income | $75.3M | $139.0M | $106.8M | −$80.0M | $143.0M | $52.0M | −$18.5M | −$3.2M | $94.2M | $83.2M | $58.9M | $97.7M |
| Interest income | $3.7M | $3.0M | $4.4M | $4.8M | $4.0M | $7.8M | $7.9M | $11.1M | $10.6M | $9.6M | $8.9M | $7.2M |
| Interest expense | $11.6M | $11.8M | $12.7M | $18.2M | $18.1M | $0 | — | $0 | $0 | — | $16.0M | — |
| Income before taxes | $69.5M | $137.5M | $22.6M | −$88.0M | $129.5M | $61.0M | −$10.2M | $8.2M | $104.6M | $92.5M | $67.8M | $104.7M |
| Income taxes | $14.2M | $27.4M | −$2.1M | −$27.0M | $29.6M | $16.6M | $8.7M | $1.8M | $24.8M | $14.7M | $17.7M | $20.8M |
| Net income | $36.4M | $110.1M | $24.7M | −$61.0M | $99.9M | $44.4M | −$18.9M | $6.4M | $79.8M | $77.8M | $50.1M | $83.9M |
| EBITDA | $91.2M | $158.5M | $44.2M | −$61.0M | $156.7M | $63.6M | −$7.8M | $10.4M | $106.0M | $93.7M | $68.9M | $105.6M |
| EPS (diluted) | $0.36 | $0.33 | $0.26 | −$0.30 | $0.47 | $0.15 | −$0.13 | −$0.00 | $0.28 | $0.27 | $0.17 | $0.30 |
| Gross margin | 48.1% | 48.3% | 47.4% | 51.3% | 51.5% | 52.3% | 50.2% | 46.0% | 52.0% | 51.2% | 47.8% | 50.4% |
| Operating margin | 9.2% | 17.8% | 14.8% | −11.0% | 19.3% | 15.8% | −5.6% | −1.2% | 23.4% | 23.4% | 17.0% | 25.4% |
| Net margin | 4.5% | 14.1% | 3.4% | −8.4% | 13.5% | 13.5% | −5.7% | 2.4% | 19.8% | 21.9% | 14.4% | 21.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CELH's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CELH financial results
In fiscal year 2025 (ended December 31, 2025), Celsius reported revenue of $2.5 billion, up 85.5% from the year before. It had net income of $108.0 million (down 25.6%), a net profit margin of 4.3%. Diluted earnings per share came to $0.58. Over five years revenue grew at an average rate of 80.7% a year.
See the CELH stock overview for the latest quote and news, or the CELH chart for price history and technical indicators.
CELH income statement FAQ
What is Celsius's annual revenue?
Celsius reported total revenue of $2.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 85.5% from $1.4 billion the previous year.
Is Celsius profitable?
Yes. Celsius reported net income of $108.0 million in fiscal 2025, a net profit margin of 4.3%; its operating margin was 5.6%.
What is Celsius's gross margin?
Celsius's gross margin was 50.4% in fiscal 2025: for every $100 of revenue, Celsius kept $50 after the direct cost of its products and services.
How fast is Celsius growing?
Revenue grew 80.7% a year on average over the last five fiscal years, from $130.7 million to $2.5 billion.
What are Celsius's earnings per share?
Celsius earned $0.58 per diluted share in fiscal 2025, compared with $0.42 a year earlier.
When will Celsius report its next earnings?
Celsius is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Celsius's fiscal year end?
Celsius's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.