Company: CELH
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001341766-25-000080
Chunk: 59

Company: Celsius Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 59
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 for income taxes60,993 92,461 Provision for income taxes(16,574)(14,650)Net income $44,419 $77,811 Dividends on Series A convertible preferred stock[3](6,781)(6,837)Income allocated to participating preferred stock[3](3,219)(6,128)Net income attributable to common stockholders$34,419 $64,846 Other comprehensive income:Foreign currency translation gain (loss), net of income tax2,249 (1,354)Comprehensive income$36,668 $63,492 Earnings per share:Basic$0.15 $0.28 Diluted$0.15 $0.27 Weighted average shares outstanding:Basic235,191 232,780 Diluted237,172 237,523 

[1] Includes $189.7 million and $210.5 million for the three months ended March 31, 2025 and 2024, respectively, from a related party.

[2] Includes $0.8 million and $0.7 million for the three months ended March 31, 2025 and 2024, respectively, from a related party.

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

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

4

Celsius Holdings, Inc.

Condensed Consolidated Statements of Changes in Stockholders’ Equity and Mezzanine Equity

(In thousands, except per share amounts)

(Unaudited)

Stockholders’ Equity Mezzanine EquityCommon StockSharesAmountAdditional Paid-InCapital AccumulatedOtherComprehensiveLossRetained Earnings Total Stockholders’EquityPreferredStockAmountBalance at December 31, 2024235,014$79 $297,579 $(3,250)$105,521 $399,929 1,467 $824,488 Stock-based compensation—— 5,029 — — 5,029 — — Stock option exercises, RSUs and PSUs converted348— 338 — — 338 — — Dividends paid to Series A convertible preferred stock ($4.62 per share)—— — — (6,781)(6,781)— — Repurchase of common stock related to tax withholdings