Growth Metrics

Celsius Holdings (CELH) Operating Expenses (2018 - 2026)

Celsius Holdings posted quarterly Operating Expenses of $239.1 million for Q1 2026, up 98.66% year-on-year 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) has 9 years of Operating Expenses data on file, last reported at $239.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 98.66% year-over-year to $239.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (up 128.11% YoY), and the FY2025 full-year result was $1.1 billion, up 114.75% from the prior year.
  • Operating Expenses for Q1 2026 stood at $239.1 million, down from $315.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $452.3 million in Q3 2025 and bottomed at $43.8 million in Q1 2022.
  • The 5-year median for Operating Expenses is $114.8 million (2024), against an average of $158.0 million.
  • The widest annual swing landed in 2022, when Operating Expenses surged 393.15%; it then sank 57.4% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $111.8 million in 2022, then decreased by 3.98% to $107.3 million in 2023, then surged by 72.57% to $185.2 million in 2024, then soared by 70.55% to $315.8 million in 2025, then dropped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coca Cola 338.61 Bn 329.63 Bn 7.85 Bn 3.47 Bn
2 Pepsico 193.55 Bn 182.88 Bn 10.73 Bn 7.52 Bn
3 Monster Beverage 87.17 Bn 84.18 Bn 1.29 Bn 563.39 Mn
4 Coca-Cola Europacific Partners 47.66 Bn 47.03 Bn - -
5 Keurig Dr Pepper 41.05 Bn 27.15 Bn 2.10 Bn 1.34 Bn
6 Coca Cola Femsa Sab De Cv 10.77 Bn 9.26 Bn 1.89 Bn 1.37 Bn
7 Coca-Cola Consolidated 9.73 Bn 9.50 Bn 727.08 Mn 489.56 Mn
8 Primo Brands 8.93 Bn 8.64 Bn 464.90 Mn 357.50 Mn
9 Celsius Holdings 7.93 Bn 7.38 Bn 378.07 Mn 239.07 Mn
10 Vita Coco Company 4.29 Bn 4.08 Bn 71.81 Mn 38.23 Mn

Historic Data

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DateValue
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
Jun 30, 2021 27.83 Mn
Mar 31, 2021 19.77 Mn
Dec 31, 2020 16.24 Mn
Sep 30, 2020 13.02 Mn
Jun 30, 2020 11.76 Mn
Mar 31, 2020 12.03 Mn
Dec 31, 2019 11.41 Mn
Sep 30, 2019 7.12 Mn
Jun 30, 2019 7.99 Mn
Mar 31, 2019 6.22 Mn
Dec 31, 2018 5.85 Mn
Sep 30, 2018 10.96 Mn
Jun 30, 2018 7.29 Mn