Company: CELH
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001341766-25-000080
Chunk: 69

Company: Celsius Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 69
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idends on Series A convertible preferred stock(6,781)(6,837)Income allocated to participating preferred stock(3,219)(6,128)Net income attributable to common stockholders$34,419 $64,846 Effect of dilutive securities:Allocation of earnings to participating securities $3,219 $6,128 Reallocation of earnings to participating securities(3,195)(6,016)Net income available to common stockholders after assumed conversions$34,443 $64,958 Denominator:Weighted average shares of common stock outstanding, basic235,191 232,780 Dilutive shares of common stock1,981 4,743 Weighted-average shares of common stock outstanding, diluted237,172 237,523 Earnings per share:Basic$0.15 $0.28 Diluted$0.15 $0.27 For each of the three months ended March 31, 2025 and 2024, approximately 22.0 million potentially dilutive securities were excluded from the computation of diluted earnings per share related to common stockholders, as their effect was antidilutive.

12

Celsius Holdings, Inc.Notes to the Condensed Consolidated Financial Statements (Unaudited)March 31, 2025(Tabular dollars in thousands, except per share amounts)

4.    REVENUE

The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied. The primary performance obligation is the promise to sell finished products to customers, including distributors, wholesalers, and retailers. Performance obligations are typically satisfied once control or title is transferred based on the commercial terms of the applicable agreements with customers, and traditionally such agreements do not allow for a right of return. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. Revenue is recorded net of variable consideration, such as provisions for returns, discounts and allowances. Such provisions are calculated using historical averages and adjusted for any expected changes due to current business conditions. Consideration given to customers for cooperative advertising is recognized as a reduction of revenue except to the extent that there is a distinct good or service, in which case the expense is classified as selling, general and administrative expenses, in the Company's condensed consolidated statements of operations and comprehensive income. The amount of consideration the Company receives and revenue the Company recognizes varies with changes in incentives the Company offers to its customers and their customers.Information about the Company’s