CELH earnings analysis
What we found in CELH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Celsius Holdings reported impressive Q1 2026 results with revenue reaching $782.6 million, a significant increase of 137.7% year-over-year, outpacing analyst estimates of $759.5 million. The company also reported a diluted EPS of $0.33, exceeding the estimated $0.29, as it benefited from recent acquisitions and geographic expansion.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Revenue increased to $782.6 million, up 137.7% from $329.3 million in Q1 2025.
- Assured EPS Beat
- Diluted EPS stood at $0.33, up from $0.15 in the prior year and above the $0.29 estimate.
- Acquisition-Driven Expansion
- The Alani Nu and Rockstar acquisitions contributed approximately $368.1 million and $66.6 million to Q1 revenue.
- Improved Cash Position
- Unrestricted cash and cash equivalents totaled approximately $549.2 million.
- Margins Under Pressure
- Gross profit margin decreased to 48.3% from 52.3% due to increased promotional activity and costs.
- Operating Cash Flow Positive
- Cash provided by operating activities was $73.7 million despite increased expenses.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher SG&A Costs
- SG&A expenses rose to $234.6 million, an increase of 95% year-over-year, impacting profitability.
- Interest Expense Increase
- Interest expense increased significantly due to new debt, rising to $11.8 million from none in the prior year.
- Margin Compression
- Gross margin decreased by 4% due to increased aluminum costs and promotional activities.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.33
- Gross margin
- 48.3%
- Segment
- North America: $747.3M
- Segment
- Europe: $25.4M
- Segment
- Asia-Pacific: $7.0M
- Segment
- Other: $3.0M
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · March 2, 2026
- Celsius completed two material strategic transactions in 2025 (Alani Nu closed April 1, 2025; Rockstar closed August 28, 2025) and entered into an enhanced commercial relationship with Pepsi (Captaincy and amended…
- 10-K · March 3, 2025
- Celsius positions itself as a premium functional energy drink company with a proprietary MetaPlus® formulation, an expanding product roadmap (CELSIUS Originals/Vibe, CELSIUS ESSENTIALS™, powders, and 2025 Hydration) and…
- 10-Q · May 7, 2024
- Celsius reported quarterly revenue of $355,708,000, up from $259,939,000 a year earlier, with gross profit of $182,207,000 and operating income of $83,190,000. Diluted EPS was $0.27 (basic $0.28), and operating cash…
- 10-K · February 29, 2024
- Celsius positions itself as a fast-growing player in functional energy drinks, leaning on a proprietary MetaPlus® formulation, new 16-oz CELSIUS® Essentials line (2023), and expanded distribution via a strategic…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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