10-Q · May 7, 2026
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…
Earnings analysis · 10-Q
CELH earnings analysis
Filed November 5, 2026 · Our reading of the company's report
The latest report
Celsius delivered a strong Q3 revenue and EPS beat, with revenue of $847.2 million and diluted EPS of $0.39. Growth was led by Alani Nu, international markets and retail sales, but gross margin fell to 46.8% and CELSIUS…
Read full summary
Celsius delivered a strong Q3 revenue and EPS beat, with revenue of $847.2 million and diluted EPS of $0.39. Growth was led by Alani Nu, international markets and retail sales, but gross margin fell to 46.8% and CELSIUS brand revenue declined approximately 6%. The filing provides no quantitative forward guidance, while commodity costs and variable-rate debt remain material risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.39
- Gross margin
- 46.8%
- Segment
- Alani Nu revenue grew 24% year over year
- Segment
- International revenue grew 78% year over year
- Segment
- CELSIUS brand revenue declined approximately 6% year over year
- Segment
- Portfolio retail sales grew 14.7% year over year
What stood out
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Revenue beat with double-digit YoY growth
Q3 revenue was $847.2 million, up 3.6% from $818 million in Q2 2026 and 16.9% from $725 million in Q3 2025, exceeding consensus of $801.7 million.
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EPS materially exceeded estimates
Diluted EPS was $0.39 versus $0.14 in Q2 2026 and a $(0.27) loss in Q3 2025, exceeding consensus of $0.34.
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Alani Nu and international growth
Alani Nu revenue increased 24% year over year, while international revenue grew 78% and portfolio retail sales increased 14.7%.
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Significant share repurchases continued
The company repurchased 1,631,928 shares under its public program during the quarter, with $91.4 million remaining available under the program as of September 30, 2026.
What to watch
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Input costs continue to pressure margins
Gross margin declined to 46.8%, down 130 basis points from 48.1% in Q2 2026 and 450 basis points from 51.3% in Q3 2025. Management identifies aluminum cans, sucralose, sweeteners and other raw materials as cost risks and does not use hedging agreements.
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Variable-rate debt exposure
A one-percentage-point increase in interest rates would increase annual interest expense by approximately $6.8 million based on Term Loan Facility balances at September 30, 2026; the Revolving Credit Facility had $0 of borrowings.
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Core brand decline
Core CELSIUS brand revenue declined approximately 6% year over year despite 24% Alani Nu growth, indicating continued portfolio mix and brand momentum risk.
Management's outlook
No quantitative forward revenue or EPS guidance was disclosed in the filing; numeric outlook was deferred to the earnings release/call.
Earlier filings 4
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…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.