# Celsius Holdings, Inc. (CELH)

> Source: Nexqual · https://nexqual.com/CELH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Celsius Holdings, Inc. (CELH), nexqual.com/CELH" · informational, not investment advice.

**Price:** USD 28.36 (+0.18% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 28.31 · day 27.96–29.12 · 52w 23.56–64.14 · market cap $7.18B · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.05B, net income $129M (4.2% margin), free cash flow $463M (SEC filings).
- Valuation: P/E 55.6x (avg 69.4x at the last 3 fiscal year-ends), EV/EBITDA 38.9x, net debt $43.6M.
- 1 of 80 tracked superinvestors hold CELH (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -54.2% vs S&P 500 +14.9%; 5Y -9.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 0.34, revenue estimate $801M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $314M | $654M | $1.32B | $1.36B | $2.52B | $3.05B |
| Gross profit | $128M | $271M | $633M | $680M | $1.27B | — |
| Operating income | -$4.1M | -$158M | $266M | $156M | $141M | $160M |
| Net income | $3.9M | -$187M | $227M | $145M | $108M | $129M |
| EPS (diluted) | $0.02 | -$0.88 | $0.77 | $0.45 | $0.25 | — |
| Free cash flow | -$99.7M | $99.9M | $124M | $240M | $323M | $463M |
| Gross margin | 40.8% | 41.4% | 48.0% | 50.2% | 50.4% | — |
| Operating margin | -1.3% | -24.1% | 20.2% | 11.5% | 5.6% | 5.3% |
| Net margin | 1.3% | -28.7% | 17.2% | 10.7% | 4.3% | 4.2% |
| Revenue growth | +140.4% | +108.0% | +101.7% | +2.9% | +85.5% | — |
| Cash + short-term investments | $16.3M | $614M | $756M | $890M | $399M | — |
| Total debt | — | — | — | $0K | $677M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 55.6x · P/S 2.4x · EV/EBITDA 38.9x · EV/Sales 2.4x · P/FCF 15.5x · P/B 6.0x · FCF yield 6.45% · Earnings yield 1.80% · Buyback yield (TTM) 0.18% · Net debt $43.6M · EV $7.22B
P/E at fiscal year-ends: Dec 2025 108.0x, Dec 2024 43.1x, Dec 2023 57.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold CELH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.3M | New position |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | TD Cowen | Target lowered | Buy | $41 → $35 |
| 2026-08-10 | Stephens & Co. | Target lowered | Overweight | $65 → $50 |
| 2026-08-08 | Maxim Group | Downgrade | Buy → Hold |  |
| 2026-08-07 | UBS | Target lowered | Buy | $50 → $44 |
| 2026-08-07 | Citigroup | Target lowered | Buy | $50 → $40 |
| 2026-08-07 | Morgan Stanley | Target lowered | Overweight | $48 → $42 |
| 2026-08-07 | JP Morgan | Target lowered | Overweight | $56 → $52 |
| 2026-08-07 | Bernstein | Downgrade | Outperform → Market Perform | $44 → $26 |
| 2026-08-07 | Piper Sandler | Target lowered | Overweight | $49 → $36 |
| 2026-08-06 | Needham | Target lowered | Buy | $55 → $35 |
| 2026-07-16 | Stifel | Target lowered | Buy | $62 → $45 |
| 2026-07-14 | Citigroup | Target lowered | Buy | $60 → $50 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -54.2% | -9.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -54.3% | -2.0% |
| Volatility (annualized) | 64.0% | 68.6% |
| Max drawdown | -62.5% (Oct 2025→Aug 2026) | -76.5% (May 2024→Feb 2025) |

## Peers (Beverages - Non-Alcoholic)
PRMB (Primo Brands Corporation) USD 20.14 +0.55% · AKO-B (Embotelladora Andina S.A.) USD 30.01 +0.07% · COKE (Coca-Cola Consolidated, Inc.) USD 214.93 +2.50% · COCO (The Vita Coco Company, Inc.) USD 59 -7.09% · FIZZ (National Beverage Corp.) USD 37.07 +6.43% · KDP (Keurig Dr Pepper Inc.) USD 35.19 +2.09%

## More
Full page: https://nexqual.com/CELH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name CELH in their own reports (relationship from CELH's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | PEPSICO INC (PEP) | 10-K 2026-02-03 | "On the same date, we entered into an agreement with Celsius to be the exclusive distributor for the Alani Nu brand in certain channels in the United States and Canada that commenced in the fourth quar…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.34 | $0.42 | -20.6% | $800.6M | 19 |
| Next quarter (ends 2026-12-31) | $0.31 | $0.36 | -12.2% | $767.5M | 19 |
| Current fiscal year (ends 2026-12-31) | $1.42 | $1.61 | -11.9% | $3.17B | 22 |
| Next fiscal year (ends 2027-12-31) | $1.70 | $1.98 | -14.1% | $3.44B | 22 |