CELH Celsius Holdings, Inc.

Overview and Growth

Celsius Holdings, Inc. generated $2.52B of revenue in fiscal 2025, with net income of $108.00M and an operating cash inflow of $359.44M. At $2.52B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.36B in fiscal 2024, revenue recorded a 85.5% year-over-year increase. Diluted earnings per share were $0.25, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 44.4% decrease from fiscal 2024 diluted EPS of $0.45. Revenue equaled 0.49x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $1.27B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 50.4% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $141.06M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 5.6% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $108.00M for the fiscal year. The final earnings result represented 4.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $125.03M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 5.0%, adding a pre-tax profitability layer between revenue and net income. The company recognized $17.03M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 13.6% of pretax income, showing the tax burden absorbed by the year’s earnings.

Liquidity and Capital Structure

At period end, the $5.12B asset base was financed through $2.18B of liabilities and $2.94B of equity. The near-term balance sheet paired $1.81B of current assets with $1.08B of current liabilities at the reporting date. The current ratio was 1.68x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $398.87M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 37.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $676.93M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.23x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 13.2% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 42.5%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 7.8% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $359.44M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 3.33x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $36.07M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 10.0%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $323.38M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 12.9%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 6.3%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.