Company: CELH
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001341766-25-000024
Chunk: 98

Company: Celsius Holdings, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 98
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250)(701)Retained earnings (accumulated deficit)105,521 (12,053)Total Stockholders’ Equity399,929 264,040 Total Liabilities, Mezzanine Equity and Stockholders’ Equity$1,766,881 $1,536,396 

[1] Includes $168.2 million and $130.4 million from a related party as of December 31, 2024 and December 31, 2023, respectively.

[2] Amounts in this line item are associated with a related party for all periods presented.

[3] Includes $1.7 million and $0.1 million to a related party as of December 31, 2024 and December 31, 2023, respectively.

[4] Includes $0.2 million and $1.0 million to a related party as of December 31, 2024 and December 31, 2023, respectively.

[5] Includes $75.1 million and $51.8 million to a related party as of December 31, 2024 and December 31, 2023, respectively.

The accompanying notes are an integral part of these audited consolidated financial statements

F-5

Celsius Holdings, Inc.

Consolidated Statements of Operations and Comprehensive Income (Loss)

(in thousands, except per share amounts)

For the years ended December 31,202420232022Revenue[1]$1,355,630 $1,318,014 $653,604 Cost of revenue675,423 684,875 382,735 Gross profit680,207 633,139 270,869 Selling, general and administrative expenses[2]524,479 366,773 428,670 Income (loss) from operations155,728 266,366 (157,801)Other income (expense):Interest income on note receivable— 128 237 Interest income, net39,263 26,501 5,292 Foreign exchange loss (1,734)(1,246)(392)Other income  1,793 — — Total other income39,322 25,383 5,137 Net income (loss) before provision for income taxes195,050 291,749 (152,664)Provision for income taxes(49,976)(64,948)(34,618)Net