Celsius Holdings
CELHNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $32.80 Prior regular-session close from the quote source.
- $32.06–$33.62 Regular-session low and high so far today.
- 4.6M Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $23.56–$59.31 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own CELH if its 2025 revenue step-up in bottled and canned soft drinks starts converting into operating leverage, EPS recovery, and sustained cash generation.
CELH price history
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Investment thesis
What must happen next
Revenue growth remains meaningfully positive after the 2025 step-change, showing the business can keep expanding beyond a one-year reset.HoldingMateriality: High
next annual or trailing-twelve-month revenue grows more than 15% year over year. This is a load-bearing condition for Celsius Holdings's investment case.
Watch: two straight quarterly revenue prints decelerate to low-single-digit growth or annual revenue declines.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
next annual or trailing-twelve-month revenue grows more than 15% year over year.
Open source ↗Gross margin holds up as sales scale, meaning growth is not primarily being purchased through discounting or unfavorable product economics.HoldingMateriality: High
gross profit grows at least in line with revenue and gross margin stays around 50% or better. This is a load-bearing condition for Celsius Holdings's investment case.
Watch: gross margin falls below 48% for a full year or gross profit growth materially trails revenue growth.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
gross profit grows at least in line with revenue and gross margin stays around 50% or better.
Open source ↗Operating leverage returns, with operating income growing faster than revenue after the 2025 margin compression.HoldingMateriality: Medium
operating income rises year over year and operating margin expands back above 8%. This is a load-bearing condition for Celsius Holdings's investment case.
Watch: revenue grows but operating income stays flat or declines versus 2025.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating income rises year over year and operating margin expands back above 8%.
Open source ↗Per-share earnings recover, proving that revenue growth is translating to shareholder earnings rather than being consumed by costs or dilution.HoldingMateriality: Medium
diluted EPS increases year over year in the next annual report. This is a load-bearing condition for Celsius Holdings's investment case.
Watch: diluted EPS declines again despite higher revenue.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
diluted EPS increases year over year in the next annual report.
Open source ↗Cash conversion remains strong enough to fund the growth internally.HoldingMateriality: Medium
operating cash flow remains positive and exceeds net income over the next fiscal year. This is a load-bearing condition for Celsius Holdings's investment case.
Watch: operating cash flow falls below net income or turns negative.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating cash flow remains positive and exceeds net income over the next fiscal year.
Open source ↗Balance-sheet flexibility stabilizes after the 2025 decline in cash.HoldingMateriality: Medium
cash balance stabilizes or increases in upcoming quarterly filings. This is a load-bearing condition for Celsius Holdings's investment case.
Watch: cash continues to fall materially while liabilities rise.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
cash balance stabilizes or increases in upcoming quarterly filings.
Open source ↗
Full investment case & evidence
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Original research
Revenue growth remains meaningfully positive after the 2025 step-change, showing the business can keep expanding beyond a one-year reset. This is a load-bearing condition for Celsius Holdings's investment case.
Gross margin holds up as sales scale, meaning growth is not primarily being purchased through discounting or unfavorable product economics. This is a load-bearing condition for Celsius Holdings's investment case.
Operating leverage returns, with operating income growing faster than revenue after the 2025 margin compression. This is a load-bearing condition for Celsius Holdings's investment case.
Per-share earnings recover, proving that revenue growth is translating to shareholder earnings rather than being consumed by costs or dilution. This is a load-bearing condition for Celsius Holdings's investment case.
Cash conversion remains strong enough to fund the growth internally. This is a load-bearing condition for Celsius Holdings's investment case.
Balance-sheet flexibility stabilizes after the 2025 decline in cash. This is a load-bearing condition for Celsius Holdings's investment case.
All standing thesis claims
Original report summary
its 2025 revenue step-up in bottled and canned soft drinks starts converting into operating leverage, EPS recovery, and sustained cash generation.
Bull case and bear case
Bull case and bear case for Celsius Holdings
Where the evidence on Celsius Holdings stands: Holding on the latest evidence (Oct 13, 2026). Of its 6 thesis points, 6 holding.
Bull case: what the evidence supports
Revenue growth remains meaningfully positive after the 2025 step-change, showing the business can keep expanding beyond a one-year reset.
Gross margin holds up as sales scale, meaning growth is not primarily being purchased through discounting or unfavorable product economics.
Operating leverage returns, with operating income growing faster than revenue after the 2025 margin compression.
Per-share earnings recover, proving that revenue growth is translating to shareholder earnings rather than being consumed by costs or dilution.
Cash conversion remains strong enough to fund the growth internally.
Balance-sheet flexibility stabilizes after the 2025 decline in cash.
Bear case: what would count against it
two straight quarterly revenue prints decelerate to low-single-digit growth or annual revenue declines.
gross margin falls below 48% for a full year or gross profit growth materially trails revenue growth.
revenue grows but operating income stays flat or declines versus 2025.
Company research
Research on Celsius Holdings
- Reporting · Asif Suria Spots Repeat Buying at Celsius Holdings, Inc. (NASDAQ: CELH)
Suria says long-tenured independent directors can offer a stronger signal. New filings make that lens testable at Celsius Holdings, Inc. (NASDAQ: CELH).
Thesis-Break Engine
Thesis-break watch · Celsius Holdings
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Celsius Holdings filed an SEC 8-K on 2026-08-10: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Celsius Holdings filed an SEC 8-K on 2026-08-06: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedEntered a material definitive agreement.
Celsius Holdings filed an SEC 8-K on 2026-07-15: Entered a material definitive agreement. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- two straight quarterly revenue prints decelerate to low-single-digit growth or annual revenue declines.
- gross margin falls below 48% for a full year or gross profit growth materially trails revenue growth.
- revenue grows but operating income stays flat or declines versus 2025.
- diluted EPS declines again despite higher revenue.
- operating cash flow falls below net income or turns negative.
- cash continues to fall materially while liabilities rise.
CELH news
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Financial statements
CELH income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
CELH: quick answers
- Have members of Congress traded CELH?
- Reports made public in the last 90 days disclose 1 trade in CELH by 1 filer: 1 purchase and 0 sales. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed CELH trade
- Which well-known investors own CELH?
- 1 of the 37 well-known funds tracked here reported CELH shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
CELH in well-known investors’ portfolios
1 of 37 funds reported CELH shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.00% | $303K | −89.3% | Q2 2026 |