Company: CELH
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001341766-25-000080
Chunk: 58

Company: Celsius Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 58
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 and December 31, 2024.824,488 824,488 Stockholders’ equity:Common stock, $0.001 par value; 300,000,000 shares authorized, 235,283,266 and 235,013,960 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively.79 79 Additional paid-in capital300,877 297,579 Accumulated other comprehensive loss(1,001)(3,250)Retained earnings143,159 105,521 Total Stockholders’ Equity443,114 399,929 Total Liabilities, Mezzanine Equity and Stockholders’ Equity$1,859,518 $1,766,881 

[1] Includes $136.8 million and $168.2 million from a related party as of March 31, 2025 and December 31, 2024, respectively.

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

[3] Includes $9.2 million and $1.7 million due to a related party as of March 31, 2025 and December 31, 2024, respectively.

[4] Includes $0.2 million and $0.2 million due to a related party as of March 31, 2025 and December 31, 2024, respectively.

[5] Includes $88.7 million and $75.1 million due to a related party as of March 31, 2025 and December 31, 2024, respectively.

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

3

Celsius Holdings, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Income

(in thousands, except per share amounts)

(Unaudited)

Three Months Ended March 31,20252024Revenue[1]$329,276 $355,708 Cost of revenue156,903 173,501 Gross profit172,373 182,207 Selling, general and administrative expenses[2]120,342 99,017 Income from operations52,031 83,190 Other income (expense):Interest income, net7,846 9,612 Other, net 1,116 (341)Total other income8,962 9,271 Net income before provision