Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
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Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
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)

June 30, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$615,233 $890,190 Accounts receivable-net[1]490,389 270,342 Inventories-net230,046 131,165 Deferred other costs-current[2]14,124 14,124 Prepaid expenses and other current assets41,420 18,759 Total current assets1,391,212 1,324,580 Property, plant and equipment-net72,516 55,602 Customer relationships-net117,726 11,306 Brands-net1,104,389 907 Goodwill802,234 71,582 Deferred other costs-non-current[2]227,153 234,215 Deferred tax assets43,158 38,699 Other long-term assets36,755 29,990 Total Assets$3,795,143 $1,766,881 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable[3]$120,962 $41,287 Accrued expenses[4]225,859 148,780 Income taxes payable21,765 10,834 Accrued promotional allowance[5]200,169 135,948 Contingent consideration25,000 — Deferred revenue-current[6]16,071 9,513 Other current liabilities49,949 19,173 Total current liabilities659,775 365,535 Long-term debt 862,917 — Deferred revenue-non-current[7]156,135 157,714 Other long term liabilities25,002 19,215 Total Liabilities1,703,829 542,464 Commitments and contingencies (Note 15)Mezzanine equity:Series A convertible preferred stock, $0.001 par value, 1,467 shares issued and outstanding [2]824,488 824,488 Stockholders’ equity:Common stock, $0.001 par value; 400,000 shares authorized, 257,769 and 235,014 shares issued and outstanding at June 30, 2025