Celsius Holdings (CELH) Operating Expenses (2018 - 2026)
Celsius Holdings' (CELH) quarterly Operating Expenses came in at $239.1 million in Q1 2026, up 98.66% YoY from $120.3 million in Q1 2025, and down 24.3% on a QoQ basis from $315.8 million in Q4 2025.
Celsius Holdings (CELH) Operating Expenses (2018 - 2026) Analysis & Trends
Celsius Holdings (CELH) has 9 years of Operating Expenses data on file, last reported at $239.1 million in Q1 2026.
- Quarterly Operating Expenses rose 98.66% year-over-year to $239.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 128.11% YoY) and the FY2025 annual result came in at $1.1 billion, up 114.75% from the prior year.
- Operating Expenses slipped to $239.1 million in Q1 2026, from $315.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $452.3 million in Q3 2025 to a low of $43.8 million in Q1 2022.
- A 5-year average of $158.0 million and a median of $114.8 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 393.15% — and 2023, when it tumbled 57.4%.
- Tracing CELH's Operating Expenses over 5 years: stood at $111.8 million in 2022, then retreated by 3.98% to $107.3 million in 2023, then jumped by 72.57% to $185.2 million in 2024, then surged by 70.55% to $315.8 million in 2025, then slipped by 24.3% to $239.1 million in 2026.
- The last three Operating Expenses figures came in at $239.1 million (Q1 2026), $315.8 million (Q4 2025), and $452.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola Femsa Sab De Cv | 1,843.31 Bn | 1,843.31 Bn | 2.06 Bn | 1.49 Bn |
| 2 | Coca Cola | 372.49 Bn | 358.34 Bn | 8.42 Bn | 3.72 Bn |
| 3 | Pepsico | 189.07 Bn | 178.35 Bn | 13.11 Bn | 9.09 Bn |
| 4 | Coca-Cola Europacific Partners | 48.55 Bn | 47.38 Bn | - | - |
| 5 | Monster Beverage | 44.54 Bn | 41.12 Bn | 1.42 Bn | 679.19 Mn |
| 6 | Keurig Dr Pepper | 39.68 Bn | 38.78 Bn | 2.10 Bn | 1.34 Bn |
| 7 | Andina Bottling | 22.49 Bn | 22.49 Bn | 319.18 Bn | -225.94 Bn |
| 8 | Coca-Cola Consolidated | 10.27 Bn | 10.10 Bn | 778.41 Mn | 507.07 Mn |
| 9 | Primo Brands | 8.56 Bn | 8.20 Bn | 548.70 Mn | 355.50 Mn |
| 10 | Celsius Holdings | 7.17 Bn | 6.54 Bn | 393.69 Mn | 318.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 318.67 Mn |
| Mar 31, 2026 | 239.07 Mn |
| Dec 31, 2025 | 315.80 Mn |
| Sep 30, 2025 | 452.28 Mn |
| Jun 30, 2025 | 237.89 Mn |
| Mar 31, 2025 | 120.34 Mn |
| Dec 31, 2024 | 185.17 Mn |
| Sep 30, 2024 | 125.44 Mn |
| Jun 30, 2024 | 114.85 Mn |
| Mar 31, 2024 | 99.02 Mn |
| Dec 31, 2023 | 107.30 Mn |
| Sep 30, 2023 | 96.39 Mn |
| Jun 30, 2023 | 94.18 Mn |
| Mar 31, 2023 | 68.91 Mn |
| Dec 31, 2022 | 111.75 Mn |
| Sep 30, 2022 | 226.25 Mn |
| Jun 30, 2022 | 46.89 Mn |
| Mar 31, 2022 | 43.78 Mn |
| Dec 31, 2021 | 38.79 Mn |
| Sep 30, 2021 | 45.88 Mn |