Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 39

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 reportable segment:Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Revenue$739,259 $401,977 $1,068,535 $757,685 Cost of revenue (excluding freight) (318,277)(178,480)(460,752)(338,026)Freight(40,131)(14,399)(54,559)(28,354)Gross profit380,851 209,098 553,224 391,305 Selling and marketing expenses(150,842)(90,909)(231,738)(166,748)General and administrative expenses(87,044)(23,941)(126,490)(47,119)Other (expense) income, net(13,500)10,383 (4,538)19,654 Net income before provision for income taxes$129,465 $104,631 $190,458 $197,092 Provision for income taxes(29,610)(24,848)(46,184)(39,498)Net income$99,855 $79,783 $144,274 $157,594 

15.    COMMITMENTS AND CONTINGENCIES

LegalSEC InquiryBeginning in January 2021, the Company received formal and informal requests from the SEC Division of Enforcement, seeking information in connection with a non-public, fact-finding inquiry. On January 17, 2025, without admitting to or denying the SEC’s findings, the Company reached a settlement with the SEC concerning alleged reporting, books and records, internal accounting controls, and disclosure controls and procedures violations. The Company paid a $3.0 million civil penalty during the first quarter of 2025, and the investigation is now concluded.Derivative Actions Related to 2022 Restatement Between January 11, 2023, and April 11, 2024, several derivative actions were filed, purportedly on behalf of the Company, naming as defendants certain of the Company’s present and former executive officers and directors and concerning allegedly false and misleading statements or omissions made between August 12, 2021 and March 1, 2022, which were alleged to have artificially inflated the Company’s stock price and caused the Company to restate, in 2022, its previously issued financial statements as of and for the year ended December 31, 2021. 

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Celsius Holdings, Inc