Celsius Hldgs Inc Financials
Celsius Hldgs Inc (CELH) reported $2.5B in revenue for fiscal year 2025, up 85.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Celsius’s FY2025 became an acquisition-shaped scale-up, where revenue expansion outran margin carry-through and introduced new leverage.
Gross margin stayed essentially flat around50.0% across FY2024-FY2025, yet operating margin fell to5.6% ; that says the squeeze came from commercial and overhead layers, not from making the product itself. At the same time, operating cash flow of$359M still exceeded net income of$108M , so the lower profit is not mirrored by a weaker cash engine.
The balance sheet changed character in FY2025: goodwill and long-term debt rose to
Even with that shift, cash generation remained real: free cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Celsius Hldgs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Celsius Hldgs Inc has an operating margin of 5.6%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is down from 11.5% the prior year.
Celsius Hldgs Inc's revenue surged 85.5% year-over-year to $2.5B, reflecting rapid business expansion. This strong growth earns a score of 92/100.
Celsius Hldgs Inc has a moderate D/E ratio of 0.57. This balance of debt and equity financing earns a leverage score of 35/100.
Celsius Hldgs Inc's current ratio of 1.68 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
Celsius Hldgs Inc converts 12.9% of revenue into free cash flow ($323.4M). This strong cash generation earns a score of 76/100.
Celsius Hldgs Inc's ROE of 9.1% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 36.3% the prior year.
Celsius Hldgs Inc scores 2.09, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($8.4B) relative to total liabilities ($3.9B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Celsius Hldgs Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Celsius Hldgs Inc generates $3.33 in operating cash flow ($359.4M OCF vs $108.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Celsius Hldgs Inc earns $2.88 in operating income for every $1 of interest expense ($141.1M vs $49.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Celsius Hldgs Inc generated $2.5B in revenue in fiscal year 2025. This represents an increase of 85.5% from the prior year.
Celsius Hldgs Inc's EBITDA was $170.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.6% from the prior year.
Celsius Hldgs Inc reported $108.0M in net income in fiscal year 2025. This represents a decrease of 25.6% from the prior year.
Celsius Hldgs Inc earned $0.25 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 44.4% from the prior year.
Cash & Balance Sheet
Celsius Hldgs Inc generated $323.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 35.0% from the prior year.
Celsius Hldgs Inc held $398.9M in cash against $669.9M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Celsius Hldgs Inc's gross margin was 50.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Celsius Hldgs Inc's operating margin was 5.6% in fiscal year 2025, reflecting core business profitability. This is down 5.9 percentage points from the prior year.
Celsius Hldgs Inc's net profit margin was 4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.4 percentage points from the prior year.
Celsius Hldgs Inc's ROE was 9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 27.1 percentage points from the prior year.
Capital Allocation
Celsius Hldgs Inc invested $2.4M in research and development in fiscal year 2025. This represents an increase of 140.0% from the prior year.
Celsius Hldgs Inc spent $5.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 153.3% from the prior year.
Celsius Hldgs Inc invested $36.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 54.2% from the prior year.
CELH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $2.5B+85.5% | $1.4B+2.9% | $1.3B+101.7% | $653.6M+108.0% | $314.3M+140.4% | $130.7M+74.0% | $75.1M+42.9% | $52.6M+45.5% | $36.2M+58.9% | $22.8M+32.2% | $17.2M |
| Cost of Revenue | $1.6B | $1.2B+84.8% | $675.4M-1.4% | $684.9M+78.9% | $382.7M+105.7% | $186.1M+166.8% | $69.8M+59.1% | $43.8M+39.0% | $31.5M+52.1% | $20.7M+59.1% | $13.0M+28.0% | $10.2M |
| Gross Profit | $1.5B | $1.3B+86.3% | $680.2M+7.4% | $633.1M+133.7% | $270.9M+111.3% | $128.2M+110.2% | $61.0M+94.8% | $31.3M+48.6% | $21.1M+36.5% | $15.4M+58.6% | $9.7M+38.2% | $7.0M |
| R&D Expenses | N/A | $2.4M+140.0% | $1.0M-41.2% | $1.7M+325.0% | $400K-60.0% | $1.0M+100.0% | $500K+46.6% | $341K-40.4% | $572K+58.9% | $360K+300.0% | $90K+26.8% | $71K |
| SG&A Expenses | $912.8M | $798.8M+52.3% | $524.5M+43.0% | $366.8M-14.4% | $428.7M+224.1% | $132.3M+627.2% | $18.2M+56.5% | $11.6M+10.8% | $10.5M+52.0% | $6.9M+76.9% | $3.9M+23.2% | $3.2M |
| Operating Income | $160.3M | $141.1M-9.4% | $155.7M-41.5% | $266.4M+268.8% | -$157.8M-3758.2% | -$4.1M-151.7% | $7.9M+646.2% | -$1.4M+86.4% | -$10.6M-31.7% | -$8.1M-184.0% | -$2.8M-55.7% | -$1.8M |
| Interest Expense | $54.3M | $49.0M | $0 | $0-100.0% | $5.3M+66250.0% | -$8K+87.9% | -$66K-113.0% | $509K+192.1% | $174K+8.6% | $161K-29.8% | $229K-29.0% | $322K |
| Income Tax | $12.5M | $17.0M-65.9% | $50.0M-23.1% | $64.9M+87.6% | $34.6M+532.9% | -$8.0M-6993.1% | $116K | N/A | $0 | $0 | $0 | $0 |
| Net Income | $129.1M | $108.0M-25.6% | $145.1M-36.0% | $226.8M+221.1% | -$187.3M-4857.0% | $3.9M-53.8% | $8.5M-14.5% | $10.0M+189.0% | -$11.2M-36.0% | -$8.2M-168.6% | -$3.1M-42.7% | -$2.1M |
| EPS (Diluted) | — | $0.25-44.4% | $0.45-41.6% | $0.77 | -$0.88-4500.0% | $0.02 | $0.11-31.3% | $0.16+169.6% | -$0.23 | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CELH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1B+189.8% | $1.8B+15.0% | $1.5B+25.7% | $1.2B+289.2% | $314.0M+139.2% | $131.3M+45.3% | $90.4M+161.0% | $34.6M+27.7% | $27.1M+53.0% | $17.7M+16.1% | $15.3M |
| Current Assets | $1.8B+36.7% | $1.3B+9.9% | $1.2B+31.3% | $918.0M+249.9% | $262.4M+181.7% | $93.2M+80.8% | $51.5M+49.3% | $34.5M+27.6% | $27.0M+53.0% | $17.7M+16.0% | $15.2M |
| Cash & Equivalents | $398.9M-55.2% | $890.2M+17.8% | $756.0M+23.1% | $614.2M+3678.3% | $16.3M-62.4% | $43.2M+87.3% | $23.1M+198.2% | $7.7M-45.4% | $14.2M+20.8% | $11.7M+16.0% | $10.1M |
| Inventory | $337.7M+157.5% | $131.2M-42.8% | $229.3M+32.3% | $173.3M-9.4% | $191.2M+939.0% | $18.4M+20.3% | $15.3M+33.2% | $11.5M+116.4% | $5.3M+139.9% | $2.2M-4.8% | $2.3M |
| Accounts Receivable | $755.5M+179.5% | $270.3M+47.2% | $183.7M+190.2% | $63.3M+63.4% | $38.7M+158.5% | $15.0M+92.8% | $7.8M-40.1% | $13.0M+103.6% | $6.4M+128.7% | $2.8M+31.1% | $2.1M |
| Goodwill | $917.6M+1181.8% | $71.6M+405.1% | $14.2M+3.6% | $13.7M-5.8% | $14.5M+39.4% | $10.4M+3.9% | $10.0M | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.9B+188.1% | $1.4B+7.4% | $1.3B+7.6% | $1.2B+1118.9% | $97.0M+259.7% | $27.0M+0.1% | $26.9M+18.0% | $22.8M+129.1% | $10.0M+46.0% | $6.8M+4.6% | $6.5M |
| Current Liabilities | $1.1B+195.1% | $365.5M+32.1% | $276.6M+71.5% | $161.3M+73.2% | $93.1M+253.2% | $26.4M-1.2% | $26.7M+79.5% | $14.9M+130.0% | $6.5M+178.3% | $2.3M+14.9% | $2.0M |
| Long-Term Debt | $669.9M | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B+195.4% | $399.9M+51.5% | $264.0M+558.6% | $40.1M-81.5% | $217.0M+108.0% | $104.3M+64.4% | $63.5M+437.7% | $11.8M-31.2% | $17.1M+57.4% | $10.9M+24.6% | $8.7M |
| Retained Earnings | $175.9M+66.7% | $105.5M+975.5% | -$12.1M+95.0% | -$238.8M-363.7% | -$51.5M+7.1% | -$55.4M+12.6% | -$63.4M+13.6% | -$73.4M-18.4% | -$62.0M-16.1% | -$53.4M-6.9% | -$49.9M |
CELH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $508.6M | $359.4M+36.7% | $262.9M+86.2% | $141.2M+30.5% | $108.2M+212.0% | -$96.6M-2944.9% | $3.4M+228.3% | $1.0M+108.9% | -$11.6M-38.3% | -$8.4M-256.2% | -$2.4M-213.0% | -$755K |
| Capital Expenditures | $45.9M | $36.1M+54.2% | $23.4M+34.2% | $17.4M+111.0% | $8.3M+162.3% | $3.1M+448.8% | $574K+636.1% | $78K-29.4% | $110K+122.9% | $50K+60.7% | $31K+196.1% | $10K |
| Free Cash Flow | $462.8M | $323.4M+35.0% | $239.5M+93.5% | $123.8M+23.9% | $99.9M+200.2% | -$99.7M-3635.5% | $2.8M+195.1% | $956K+108.1% | -$11.8M-38.8% | -$8.5M-253.7% | -$2.4M-212.7% | -$766K |
| Investing Cash Flow | -$43.9M | -$1.3B-1173.7% | -$101.7M-616.4% | -$14.2M-150.4% | -$5.7M-348.7% | -$1.3M-267.0% | $757K+105.3% | -$14.3M-12820.1% | -$110K-122.9% | -$50K-114.7% | -$23K | N/A |
| Financing Cash Flow | -$445.9M | $582.8M+2344.3% | -$26.0M-3.0% | -$25.2M-104.7% | $534.1M+648.1% | $71.4M+358.5% | $15.6M-45.7% | $28.7M+440.5% | $5.3M-51.6% | $10.9M+173.3% | $4.0M | N/A |
| Share Buybacks | $12.7M | $5.7M+153.3% | $2.3M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CELH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.4%+0.2pp | 50.2%+2.1pp | 48.0%+6.6pp | 41.4%+0.7pp | 40.8%-5.9pp | 46.6%+5.0pp | 41.6%+1.6pp | 40.0%-2.6pp | 42.7%-0.1pp | 42.8%+1.9pp | 40.9% |
| Operating Margin | 5.6%-5.9pp | 11.5%-8.7pp | 20.2%+44.4pp | -24.1%-22.8pp | -1.3%-7.3pp | 6.0%+8.0pp | -1.9%+18.3pp | -20.2%+2.1pp | -22.3%-9.8pp | -12.5%-1.9pp | -10.6% |
| Net Margin | 4.3%-6.4pp | 10.7%-6.5pp | 17.2%+45.9pp | -28.6%-29.9pp | 1.3%-5.3pp | 6.5%-6.8pp | 13.3%+34.6pp | -21.3%+1.5pp | -22.8%-9.3pp | -13.5%-1.0pp | -12.5% |
| Return on Equity | 9.1%-27.1pp | 36.3%-49.6pp | 85.9%+553.0pp | -467.1%-468.9pp | 1.8%-6.4pp | 8.2%-7.5pp | 15.7%+110.7pp | -95.0%-46.9pp | -48.1%-19.9pp | -28.2%-3.6pp | -24.6% |
| Return on Assets | 2.1%-6.1pp | 8.2%-6.6pp | 14.8%+30.1pp | -15.3%-16.6pp | 1.3%-5.2pp | 6.5%-4.5pp | 11.0%+43.4pp | -32.4%-2.0pp | -30.4%-13.1pp | -17.3%-3.2pp | -14.1% |
| Current Ratio | 1.68-1.9x | 3.62-0.7x | 4.36-1.3x | 5.69+2.9x | 2.82-0.7x | 3.53+1.6x | 1.93-0.4x | 2.32-1.9x | 4.18-3.4x | 7.61+0.1x | 7.54 |
| Debt-to-Equity | 0.57+0.6x | 0.00-4.8x | 4.82-24.7x | 29.48+29.0x | 0.45+0.2x | 0.26-0.2x | 0.42-1.5x | 1.93+1.4x | 0.580.0x | 0.63-0.1x | 0.75 |
| FCF Margin | 12.9%-4.8pp | 17.7%+8.3pp | 9.4%-5.9pp | 15.3%+47.0pp | -31.7%-33.9pp | 2.2%+0.9pp | 1.3%+23.6pp | -22.4%+1.1pp | -23.4%-12.9pp | -10.5%-6.1pp | -4.5% |
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Where Celsius Hldgs Inc Ranks
Frequently Asked Questions
What is Celsius Hldgs Inc's annual revenue?
Celsius Hldgs Inc (CELH) reported $2.5B in total revenue for fiscal year 2025. This represents a 85.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Celsius Hldgs Inc's revenue growing?
Celsius Hldgs Inc (CELH) revenue grew by 85.5% year-over-year, from $1.4B to $2.5B in fiscal year 2025.
Is Celsius Hldgs Inc profitable?
Yes, Celsius Hldgs Inc (CELH) reported a net income of $108.0M in fiscal year 2025, with a net profit margin of 4.3%.
What is Celsius Hldgs Inc's EBITDA?
Celsius Hldgs Inc (CELH) had EBITDA of $170.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Celsius Hldgs Inc have?
As of fiscal year 2025, Celsius Hldgs Inc (CELH) had $398.9M in cash and equivalents against $669.9M in long-term debt.
What is Celsius Hldgs Inc's gross margin?
Celsius Hldgs Inc (CELH) had a gross margin of 50.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Celsius Hldgs Inc's operating margin?
Celsius Hldgs Inc (CELH) had an operating margin of 5.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Celsius Hldgs Inc's net profit margin?
Celsius Hldgs Inc (CELH) had a net profit margin of 4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Celsius Hldgs Inc's return on equity (ROE)?
Celsius Hldgs Inc (CELH) has a return on equity of 9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Celsius Hldgs Inc's free cash flow?
Celsius Hldgs Inc (CELH) generated $323.4M in free cash flow during fiscal year 2025. This represents a 35.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Celsius Hldgs Inc's operating cash flow?
Celsius Hldgs Inc (CELH) generated $359.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Celsius Hldgs Inc's total assets?
Celsius Hldgs Inc (CELH) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Celsius Hldgs Inc's capital expenditures?
Celsius Hldgs Inc (CELH) invested $36.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Celsius Hldgs Inc spend on research and development?
Celsius Hldgs Inc (CELH) invested $2.4M in research and development during fiscal year 2025.
What is Celsius Hldgs Inc's current ratio?
Celsius Hldgs Inc (CELH) had a current ratio of 1.68 as of fiscal year 2025, which is generally considered healthy.
What is Celsius Hldgs Inc's debt-to-equity ratio?
Celsius Hldgs Inc (CELH) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Celsius Hldgs Inc's return on assets (ROA)?
Celsius Hldgs Inc (CELH) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Celsius Hldgs Inc's Altman Z-Score?
Celsius Hldgs Inc (CELH) has an Altman Z-Score of 2.09, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Celsius Hldgs Inc's Piotroski F-Score?
Celsius Hldgs Inc (CELH) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Celsius Hldgs Inc's earnings high quality?
Celsius Hldgs Inc (CELH) has an earnings quality ratio of 3.33x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Celsius Hldgs Inc cover its interest payments?
Celsius Hldgs Inc (CELH) has an interest coverage ratio of 2.88x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Celsius Hldgs Inc?
Celsius Hldgs Inc (CELH) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.