Company: CELH
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001341766-25-000144
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Company: Celsius Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Celsius Holdings, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except per share amounts)

(Unaudited)

September 30, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$805,955$890,190Restricted cash126,508—Accounts receivable-net[1]513,682270,342Inventories-net282,514131,165Prepaid expenses and other current assets[2]163,39518,759Deferred other costs-current[3]49,52014,124Total current assets1,941,5741,324,580Property, plant and equipment-net80,92555,602Customer relationships-net117,46611,306Brands-net1,280,353907Goodwill914,95771,582Deferred other costs-non-current[3]784,214234,215Deferred tax assets110,41038,699Other long-term assets35,80929,990Total Assets$5,265,708$1,766,881LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable[4]$97,794$41,287Accrued expenses[5]311,768148,780Income taxes payable49,59010,834Accrued distributor termination fees252,953—Accrued promotional allowance[6]234,068135,948Contingent consideration25,000—Deferred revenue-current[7]25,5579,513Other current liabilities32,25819,173Total current liabilities1,028,988365,535Long-term debt 861,472—Deferred revenue-non-current[8]387,432157,714Other long term liabilities24,43119,215Total Liabilities2,302,323542,464Commitments and contingencies (Note 16)Mezzanine equity:Series A convertible preferred stock, $0.001 par value per share, 1,467 shares issued and outstanding as of September 30, 2025 and December 31, 2024 [3]852,355824,488Series B convertible preferred stock, $0.001 par value per share, 390 shares and 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively [3]907,920—Stockholders’ equity:Common