Celsius Holdings (CELH) Operating Expenses (2018 - 2026)
Celsius Holdings (CELH) reported Operating Expenses of $239.1 million for Q1 2026, up 98.66% on a YoY basis from $120.3 million in Q1 2025, and down 24.3% quarter-over-quarter from $315.8 million in Q4 2025.
Celsius Holdings (CELH) Operating Expenses (2018 - 2026) Analysis & Trends
Celsius Holdings has reported Operating Expenses for 9 years, with the latest figure 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.
- The five-year high for Operating Expenses was $452.3 million in Q3 2025, with the low at $43.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $158.0 million across 5 years, with a median of $114.8 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 393.15% — and 2023, when it tumbled 57.4%.
- Celsius Holdings' Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 3.47 Bn |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 7.52 Bn |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 563.39 Mn |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 1.37 Bn |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 1.34 Bn |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 489.56 Mn |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 357.50 Mn |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 239.07 Mn |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 38.23 Mn |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 48.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |