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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Celsius Holdings To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Celsius Holdings between February 21, 2025 and June 3, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - October 25, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Celsius Holdings, Inc. (""Celsius Holdings" or the "Company") (NASDAQ: CELH) and reminds investors of the November 3, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) Defendants' products failed to adequately disclose the cardiac risks of consuming Alani Nu products; (ii) by marketing Alani Nu drinks to consumers under the age of 18, the Company was marketing its products to individuals who were particularly susceptible to known health risks posed by those products; (iii) the foregoing created a non-speculative risk that Alani Nu consumers would suffer potentially fatal adverse health events; (iv) the foregoing, once revealed, was likely to have a significant negative impact on the Company's business and reputation; and (v) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On April 9, 2026, NBC News and local news outlet MyRGV reported that the family of 17-year old Texas cheerleader Larissa Rodriguez had filed a wrongful death lawsuit against distributors of Alani Nu, alleging that Rodriguez died from an enlarged heart caused by drinking Alani Nu energy drinks and that the drinks "had inadequate warnings about the serious cardiac risks" of drinking Alani Nu. On this news, Celsius's stock price fell $1.52 per share, or 4.18%, to close at $34.86 per share on April 10, 2026.

On June 4, 2026, Texas Attorney General Ken Paxton announced an investigation into Celsius over concerns that its high-caffeine energy drinks are being marketed to children and teens, specifically examining whether Celsius and its Alani Nu subsidiary had violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of their products. On news of the investigation, Celsius's stock price fell $2.26 per share, or 7.53%, to close at $27.75 per share on June 4, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Celsius Holdings's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Celsius Holdings class action, go to www.faruqilaw.com/CELH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Celsius Holdings Securities Class Action Lawsuit:

What is the Celsius Holdings securities fraud lawsuit about?

A securities fraud class action lawsuit has been filed against Celsius Holdings, Inc. (NASDAQ: CELH) on behalf of investors who purchased the company's securities during the Class Period. The lawsuit alleges that Defendants made false and/or misleading statements and failed to disclose that Alani Nu products did not adequately warn consumers of cardiac risks associated with their consumption, and that the company allegedly marketed those products to individuals under the age of 18 who were particularly susceptible to those known health risks. The complaint further alleges that these undisclosed facts created a non-speculative risk that Alani Nu consumers could suffer potentially fatal adverse health events. On April 9, 2026, news reports emerged about a wrongful death lawsuit filed by the family of a 17-year-old Texas cheerleader who allegedly died from an enlarged heart attributed to Alani Nu consumption, causing Celsius's stock to decline approximately 4.18%. The allegations were compounded on June 4, 2026, when the Texas Attorney General announced an investigation into whether Celsius and its Alani Nu subsidiary violated the Texas Deceptive Trade Practices Act by misrepresenting product safety, causing a further stock decline of approximately 7.53%.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired securities of Celsius Holdings, Inc. (NASDAQ: CELH) on the NASDAQ exchange between February 21, 2025 and June 3, 2026, inclusive, may be eligible to participate in this class action lawsuit. Eligibility to participate is not limited to those who apply to serve as lead plaintiff; any investor who purchased Celsius Holdings securities during the Class Period and suffered losses may potentially share in any recovery obtained. Investors are encouraged to review their trading records to determine whether their purchases fall within the defined Class Period. Those with questions about their eligibility are encouraged to consult with counsel to evaluate their options.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who serves on behalf of all class members and plays an active role in overseeing the litigation, including working with counsel to direct the prosecution of the case. Under the Private Securities Litigation Reform Act, any member of the proposed class may move the court for appointment as lead plaintiff, and the court generally appoints the movant with the largest financial interest in the relief sought who also satisfies applicable legal requirements. The deadline to file a motion for appointment as lead plaintiff is the lead plaintiff deadline applicable to this case, and investors wishing to be considered for this role must act before that date. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in the lawsuit or to share in any monetary recovery that may result. Those interested in the lead plaintiff role are encouraged to consult with qualified securities litigation counsel promptly to allow sufficient time to prepare and file the necessary motion.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Celsius Holdings securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320641

Source: Faruqi & Faruqi LLP

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, /PRNewswire/ -- Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired Celsius Holdings, Inc. (NASDAQ: CELH) securities between February 21, 2025 and June 3, 2026, inclusive (the "Class Period"). Celsius develops, processes, manufactures, markets, sells, and distributes products including energy drinks.

The complaint alleges that defendants misled investors regarding the safety of Alani Nu drinks marketed by the Company for teenagers.

Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should contact Robbins LLP for information before the November 3, 2026 lead plaintiff deadline.

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Why Was Celsius Sued?

According to the complaint, on April 1, 2025, Celsius acquired Alani Nutrition LLC, a maker of highly caffeinated drinks. Defendants represent that the Alani Nu drinks are safe and healthy. However, Plaintiff contends that a single 12-ounce Alani Nu drink contains 200 milligrams of caffeine, more than twice the 100-milligram daily limit of caffeine recommended for teenagers and children aged 12-17. Despite the risks the Alani Nu drinks present to teens, the Company markets these drinks to underage consumers despite asserting their purported commitment not to do so.

The complaint alleges that, during the class period, defendants failed to disclose to investors that:

(i) defendants' products failed to adequately disclose the cardiac risks of consuming Alani Nu products;
(ii) by marketing Alani Nu drinks to consumers under the age of 18, the Company was marketing its products to individuals who were particularly susceptible to known health risks posed by those products;
(iii) the foregoing created a non-speculative risk that Alani Nu consumers would suffer potentially fatal adverse health events;
(iv) the foregoing, once revealed, was likely to have a significant negative impact on the Company's business and reputation; and
(v) as a result, defendants' public statements were materially false and misleading at all relevant times.

Why Did CELH Stock Drop?

The truth began to emerge on April 9, 2026, when NBC News and local news outlet MyRGV (Rio Grande Valley) reported that the family of 17-year old Texas cheerleader Larissa

Rodriguez had filed a wrongful death lawsuit in Hidalgo County District Court against Glazer's Beer and Beverage, LLC and Glazer's Beer and Beverage of Texas, LLC, two distributors of Alani Nu. The family alleged that Rodriguez died from an enlarged heart caused by drinking Alani Nu energy drinks and that the drinks "had inadequate warnings about the serious cardiac risks" of drinking Alani Nu. According to NBC News, Celsius stated in response, inter alia, "our policy is not to market or sample to anyone under 18".

On this news, Celsius's stock price fell $1.52 per share, or 4.18%, to close at $34.86 on April 10, 2026.

Then, on June 4, 2026, Texas Attorney General Ken Paxton announced an investigation into Celsius over concerns that its high-caffeine energy drinks are being marketed to children and teens. Per Attorney General Paxton's announcement, the investigation will specifically examine whether Celsius and its Alani Nu subsidiary had violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of their products.

On this news, Celsius's stock price fell $2.26 per share, or 7.53%, to close at $27.75 per share on June 4, 2026.

Who May Be Eligible to Participate in the Celsius Class Action?

The lawsuit seeks to represent investors who purchased or otherwise acquired Celsius Holdings securities between February 21, 2025 and June 3, 2026.  Investors who suffered losses during that period may have legal rights under the federal securities laws.

What Is a Lead Plaintiff?

The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Shareholders who wish to lead the case should contact Robbins LLP before the November 3, 2026 lead plaintiff deadline. 

Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case proceeds and later resolves successfully.

Does It Cost Anything to Participate?

No. Robbins LLP represents investors on a contingency fee basis.

Why Robbins LLP?

A recognized leader in shareholder rights litigation, Robbins LLP represents investors in securities fraud and shareholder derivative litigation. We have helped restore more than $2 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history. 

"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.

To be notified if a class action against Celsius Holdings, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Contact Robbins LLP

Investors seeking additional information about the Celsius Holdings, Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.

Attorney Advertising.  Past results do not guarantee a similar outcome.  

SOURCE Robbins LLP

, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Celsius Holdings, Inc. ("Celsius" or "the Company") (NASDAQ: CELH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of CELH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: February 21, 2025 to June 3, 2026

DEADLINE: November 3, 2026

If you are a shareholder who suffered a loss, click here to participate.

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Celius failed inform consumers about the potential health risks of its Alani Nu drinks. The Company marketed Alani Nu drinks to consumers under the age of 18 who were susceptible to these health risks. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Celsius, investors suffered damages.

We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

Join the case to recover your losses

WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE Schall, Brown & Schwartz LLP

NEW YORK, Oct. 08, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Celsius Holdings, Inc. (NASDAQ: CELH) between February 21, 2025 and June 3, 2026, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 3, 2026.

SO WHAT: If you purchased Celsius securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/cases/celsius-holdings-inc-2/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 3, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) defendants’ products failed to adequately disclose the cardiac risks of consuming Alani Nutrition LLC (“Alani Nu”) products; (2) by marketing Alani Nu drinks to consumers under the age of 18, Celsius was marketing its products to individuals who were particularly susceptible to known health risks posed by those products; (3) the foregoing created a non-speculative risk that Alani Nu consumers would suffer potentially fatal adverse health events; (4) the foregoing, once revealed, was likely to have a significant negative impact on Celsius’ business and reputation; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Celsius class action, go to https://rosenlegal.com/cases/celsius-holdings-inc-2/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH) and certain officers.   The class action, filed in the United States District Court for the Southern District of Florida, and docketed under 26-cv-62465, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Celsius securities between February 21, 2025 and June 3, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Celsius securities during the Class Period, you have until November 3, 2026, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Celsius develops, processes, manufactures, markets, sells, and distributes products including energy drinks.

On April 1, 2025, Celsius closed the acquisition of Alani Nutrition LLC ("Alani Nu"), a maker of highly caffeinated energy drinks (described in greater detail below), for a net purchase price of $1.65 billion, comprised of cash and stock.

At all relevant times, Defendants represented that their products, including specifically Alani Nu drinks, were safe and healthy. For example, as of the time this Complaint was filed, Alani Nu's website continues to represent that "we use ingredients you can feel good about without compromising taste."

However, in contrast to Defendants' representations, Alani Nu drinks present serious risks due to the amount of caffeine they contain. A single 12-ounce Alani Nu drink contains 200 milligrams of caffeine, more than other popular energy drinks and more than twice the 100-milligram daily limit of caffeine recommended for teenagers and children aged 12 to 17, according to leading bodies of pediatricians and adolescent psychiatrists. The Center for Disease Control has stated that consumption of energy drinks in this age range can lead to cardiovascular issues ranging from irregular heartbeat to heart failure.

Alani Nu drinks have previously been the subject of regulatory action. In August of 2023, the Canadian Food Inspection Agency warned Canadians "[d]o not consume, use, sell, serve, or distribute" Alani Nu energy drinks, stating that the drinks "are being recalled from the marketplace due to various non-compliances related to caffeine content and labelling requirements." Specifically, Alani Nu's caffeine content exceeded Canada's legal limit of 180 milligrams for a single-serving energy drink.

Despite the risks that Alani Nu drinks present to consumers under the age of 18, Defendants at all relevant times have marketed these drinks to such consumers despite asserting their purported commitment not to do so. Alani Nu drinks are packaged in dynamic, bright colors, and Alani Nu actively recruits college students to join the "Alani Ambassadors" program and market Alani Nu products using their profiles on social media platforms such as Instagram and TikTok. As of the filing of this Complaint, the Alani Nu website even concedes that Defendants work with individuals whose social media audiences are comprised up to 25% of individuals under the age of 18.

While the labels on Alani Nu energy drinks state the amount of caffeine one can contains and generally state that they are "not recommended for consumption by children", they contain no similar cautionary language with respect to teenagers.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants' products failed to adequately disclose the cardiac risks of consuming Alani Nu products; (ii) by marketing Alani Nu drinks to consumers under the age of 18, the Company was marketing its products to individuals who were particularly susceptible to known health risks posed by those products; (iii) the foregoing created a non-speculative risk that Alani Nu consumers would suffer potentially fatal adverse health events; (iv) the foregoing, once revealed, was likely to have a significant negative impact on the Company's business and reputation; and (v) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on April 9, 2026, when NBC News and local news outlet MyRGV (Rio Grande Valley) reported that the family of 17-year old Texas cheerleader Larissa Rodriguez had filed a wrongful death lawsuit in Hidalgo County District Court against Glazer's Beer and Beverage, LLC ("Glazer's") and Glazer's Beer and Beverage of Texas, LLC, two distributors of Alani Nu. The family alleged that Rodriguez died from an enlarged heart caused by drinking Alani Nu energy drinks and that the drinks "had inadequate warnings about the serious cardiac risks" of drinking Alani Nu. According to NBC News, Celsius stated in response, inter alia, "our policy is not to market or sample to anyone under 18".

On this news, Celsius's stock price fell $1.52 per share, or 4.18%, to close at $34.86 on April 10, 2026.

Then, on June 4, 2026, Texas Attorney General Ken Paxton ("Paxton") announced an investigation into Celsius over concerns that its high-caffeine energy drinks are being marketed to children and teens. Per Attorney General Paxton's announcement, the investigation will specifically examine whether Celsius and its Alani Nu subsidiary had violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of their products.

On news of the investigation, Celsius's stock price fell $2.26 per share, or 7.53%, to close at $27.75 per share on June 4, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH) and certain officers. The class action, filed in the United States District Court for the Southern District of Florida, and docketed under 26-cv-62465, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Celsius securities between February 21, 2025 and June 3, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Celsius securities during the Class Period, you have until November 3, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Celsius develops, processes, manufactures, markets, sells, and distributes products including energy drinks.

On April 1, 2025, Celsius closed the acquisition of Alani Nutrition LLC ("Alani Nu"), a maker of highly caffeinated energy drinks (described in greater detail below), for a net purchase price of $1.65 billion, comprised of cash and stock.

At all relevant times, Defendants represented that their products, including specifically Alani Nu drinks, were safe and healthy. For example, as of the time this Complaint was filed, Alani Nu's website continues to represent that "we use ingredients you can feel good about without compromising taste."

However, in contrast to Defendants' representations, Alani Nu drinks present serious risks due to the amount of caffeine they contain. A single 12-ounce Alani Nu drink contains 200 milligrams of caffeine, more than other popular energy drinks and more than twice the 100-milligram daily limit of caffeine recommended for teenagers and children aged 12 to 17, according to leading bodies of pediatricians and adolescent psychiatrists. The Center for Disease Control has stated that consumption of energy drinks in this age range can lead to cardiovascular issues ranging from irregular heartbeat to heart failure.

Alani Nu drinks have previously been the subject of regulatory action. In August of 2023, the Canadian Food Inspection Agency warned Canadians "[d]o not consume, use, sell, serve, or distribute" Alani Nu energy drinks, stating that the drinks "are being recalled from the marketplace due to various non-compliances related to caffeine content and labelling requirements." Specifically, Alani Nu's caffeine content exceeded Canada's legal limit of 180 milligrams for a single-serving energy drink.

Despite the risks that Alani Nu drinks present to consumers under the age of 18, Defendants at all relevant times have marketed these drinks to such consumers despite asserting their purported commitment not to do so. Alani Nu drinks are packaged in dynamic, bright colors, and Alani Nu actively recruits college students to join the "Alani Ambassadors" program and market Alani Nu products using their profiles on social media platforms such as Instagram and TikTok. As of the filing of this Complaint, the Alani Nu website even concedes that Defendants work with individuals whose social media audiences are comprised up to 25% of individuals under the age of 18.

While the labels on Alani Nu energy drinks state the amount of caffeine one can contains and generally state that they are "not recommended for consumption by children", they contain no similar cautionary language with respect to teenagers.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants' products failed to adequately disclose the cardiac risks of consuming Alani Nu products; (ii) by marketing Alani Nu drinks to consumers under the age of 18, the Company was marketing its products to individuals who were particularly susceptible to known health risks posed by those products; (iii) the foregoing created a non-speculative risk that Alani Nu consumers would suffer potentially fatal adverse health events; (iv) the foregoing, once revealed, was likely to have a significant negative impact on the Company's business and reputation; and (v) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on April 9, 2026, when NBC News and local news outlet MyRGV (Rio Grande Valley) reported that the family of 17-year old Texas cheerleader Larissa Rodriguez had filed a wrongful death lawsuit in Hidalgo County District Court against Glazer's Beer and Beverage, LLC ("Glazer's") and Glazer's Beer and Beverage of Texas, LLC, two distributors of Alani Nu. The family alleged that Rodriguez died from an enlarged heart caused by drinking Alani Nu energy drinks and that the drinks "had inadequate warnings about the serious cardiac risks" of drinking Alani Nu. According to NBC News, Celsius stated in response, inter alia, "our policy is not to market or sample to anyone under 18".

On this news, Celsius's stock price fell $1.52 per share, or 4.18%, to close at $34.86 on April 10, 2026.

Then, on June 4, 2026, Texas Attorney General Ken Paxton ("Paxton") announced an investigation into Celsius over concerns that its high-caffeine energy drinks are being marketed to children and teens. Per Attorney General Paxton's announcement, the investigation will specifically examine whether Celsius and its Alani Nu subsidiary had violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of their products.

On news of the investigation, Celsius's stock price fell $2.26 per share, or 7.53%, to close at $27.75 per share on June 4, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

John Fieldly, Chief Executive Officer of Celsius Holdings, Inc. (CELH +0.32%), purchased 18,000 shares of common stock on Sept. 10, 2026, as disclosed in a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$494,000Shares purchased18,000Post-transaction shares (directly held)956,063Post-transaction value$25.5 millionTransaction value based on SEC Form 4 weighted average purchase price ($27.44); post-transaction value based on Sept. 10, 2026, market close ($26.63).

Key questionsWhat were the execution details for this open-market purchase?
The 18,000 shares were purchased at a weighted average price of $27.44, with individual trade prices ranging from $27.42 to $27.4387. This transaction increased the CEO's total direct equity stake to 956,063 shares as of the September 10, 2026 filing.How does this transaction relate to the executive's broader equity position?
The purchase represents a 2% increase in the number of shares held directly before the filing. In addition to these common shares, which include 523 shares acquired through an employee stock purchase plan in June 2026, the CEO also holds derivative securities.What is the current market context for this insider activity?
The purchase was completed while the stock was priced at $26.63 as of the Sept. 10, 2026 market close. At this valuation level, the CEO's direct holdings have a total market value of $25.5 million, occurring after the company experienced a 53% share price decline over the preceding 12 months.Company OverviewMetricValueShare Price (as of market close 2026-09-16)$28.25Market Capitalization$7.1 billionRevenue (TTM)$3.0 billionNet Income (TTM)$110.2 millionCompany SnapshotCelsius Holdings develops, manufactures, and distributes a comprehensive portfolio of functional beverages and liquid nutritional supplements, including CELSIUS Originals (sparkling and still energy drinks), CELSIUS HEAT (carbonated dietary supplements), and complementary product lines across North America, Europe, Asia, and international markets.The company generates revenue through direct-to-consumer channels, retail distribution partnerships, and strategic licensing arrangements, leveraging its proprietary formulations and brand positioning in the functional beverage segment to drive sales across multiple distribution channels.Celsius primarily serves health-conscious consumers, fitness enthusiasts, and athletes seeking performance-oriented functional beverages, with particular penetration in the energy drink category and growing presence across mainstream retail and specialty nutrition channels.Celsius Holdings operates as a global functional beverage enterprise with a $7.1 billion market capitalization and $3.0 billion in TTM revenue, demonstrating significant scale within the non-alcoholic beverage sector. The company differentiates itself through its science-backed formulations, brand recognition among fitness and wellness demographics, and diversified product portfolio spanning multiple functional beverage categories. With 1,497 employees and established distribution across major geographic markets, Celsius has established itself as a material participant in the rapidly expanding functional and performance beverage market.

What this transaction means for investorsWhile CEO John Fieldly's $494,000 purchase of CELH shares isn't a massive amount compared to the $25.5 million in stock he already owns, it stands out as a notable development for investors in my opinion. Fieldly bought these shares on the open market, so that signals that he believes Celsius stock is headed higher. This seems to be opportunistic buying, with CELH stock down 53% over the last year. If nothing else, I'd use this insider buying as a "tie-breaker" of sorts for interested investors who may have been on the fence, as to whether they should be the stock or not following its recent pullback.

Celsius is a core holding for me and it has been a rough ride recently as the company integrated its Alani Nu and Rockstar acquisitions, but saw its namesake Celsius brand experience a sales slowdown. In Q2, total revenue rose 11%, but the company saw a wide divergence between Alani Nu's 21% sales increase and Celsius's 12% slide. Making matters worse, amid this divergence, adjusted EPS and adjusted EBITDA both dropped 23%, further spooking the market.

That said, one in every five ready-to-drink energy drinks in the U.S. are sold by Celsius now -- it seems to be more than just a passing fad. Furthermore, retail sales (how much Celsius product stores sold, as opposed to the company's sales to distributors, as mentioned earlier) grew 56% for Alani Nu, while Celsius only dipped 2% in Q2, suggesting that the revenue slowdown may have been more from distributor rebalancing than any loss of consumer interest.

Trading at just 20 times forward earnings and 16 times free cash flow, I may make one additional purchase alongside the CEO, but I wouldn't blame investors for waiting to see a turnaround in results before buying.

Amundi boosted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH – Free Report) by 763.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 377,724 shares of the company’s stock after acquiring an additional 333,974 shares during the period. Amundi owned 0.15% of Celsius worth $11,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in Celsius by 2,293.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 41,747 shares of the company’s stock worth $1,952,000 after purchasing an additional 40,003 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Celsius in the 4th quarter valued at about $3,316,000. Geode Capital Management LLC grew its position in shares of Celsius by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock valued at $163,112,000 after acquiring an additional 277,424 shares during the period. Ranger Investment Management L.P. purchased a new stake in Celsius during the 2nd quarter worth approximately $13,629,000. Finally, Fifth Third Bancorp grew its position in shares of Celsius by 4,648.1% in the first quarter. Fifth Third Bancorp now owns 92,873 shares of the company’s stock valued at $3,295,000 after purchasing an additional 90,917 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance Shares of CELH stock opened at $27.22 on Friday. Celsius Holdings Inc. has a 52-week low of $23.56 and a 52-week high of $66.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The stock has a market cap of $6.89 billion, a PE ratio of 113.42, a PEG ratio of 1.84 and a beta of 0.93. The firm’s 50 day moving average price is $29.96 and its two-hundred day moving average price is $33.23.

Celsius (NASDAQ:CELH – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The business had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts forecast that Celsius Holdings Inc. will post 1.45 EPS for the current year. Wall Street Analyst Weigh In Several equities analysts have recently commented on the stock. Needham & Company LLC decreased their price objective on shares of Celsius from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Celsius from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Thursday, August 27th. Citigroup lowered their target price on Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Sanford C. Bernstein downgraded shares of Celsius from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $44.00 to $26.00 in a report on Friday, August 7th. Finally, Morgan Stanley set a $42.00 price target on shares of Celsius and gave the stock an “overweight” rating in a research note on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $43.38.

Check Out Our Latest Research Report on Celsius

Trending Headlines about Celsius Here are the key news stories impacting Celsius this week:

Positive Sentiment: CEO John Fieldly purchased 18,000 shares at an average price of $27.44, investing approximately $493,920 and increasing his direct ownership by 1.92%. The insider purchase may signal management’s confidence that recent weakness has created value. SEC insider transaction filing Neutral Sentiment: Reported short interest was listed at zero shares and a zero-day short-interest ratio. The data appears inconsistent with normal trading activity, limiting its usefulness as a sentiment indicator. Negative Sentiment: Multiple law firms—including Bronstein, Gewirtz & Grossman, Robbins LLP, Pomerantz and Kahn Swick & Foti—announced or promoted the class action and lead-plaintiff deadline. The litigation follows an alleged greater-than-7% stock decline and could increase uncertainty around Celsius’s disclosures and marketing practices. Class action announcement Negative Sentiment: Investors are also contending with Celsius’s latest quarterly results, which missed consensus estimates for both earnings and revenue. Earnings were $0.36 per share versus $0.41 expected, while revenue of $817.93 million fell short of the $870.08 million estimate. Revenue still increased 10.6% year over year, but slower growth and a high valuation leave the stock sensitive to execution and brand-recovery concerns. Insider Transactions at Celsius In other news, CEO John Fieldly purchased 18,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $27.44 per share, with a total value of $493,920.00. Following the transaction, the chief executive officer directly owned 956,063 shares of the company’s stock, valued at approximately $26,234,368.72. This represents a 1.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.33% of the company’s stock.

Celsius Profile (Free Report)

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.

Read More Five stocks we like better than Celsius Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run Want to see what other hedge funds are holding CELH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celsius Holdings Inc. (NASDAQ:CELH – Free Report).

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NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH) and certain officers. The class action, filed in the United States District Court for the Southern District of Florida, and docketed under 26-cv-62465, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Celsius securities between February 21, 2025 and June 3, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Celsius securities during the Class Period, you have until November 3, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

Celsius develops, processes, manufactures, markets, sells, and distributes products including energy drinks.

On April 1, 2025, Celsius closed the acquisition of Alani Nutrition LLC ("Alani Nu"), a maker of highly caffeinated energy drinks (described in greater detail below), for a net purchase price of $1.65 billion, comprised of cash and stock.

At all relevant times, Defendants represented that their products, including specifically Alani Nu drinks, were safe and healthy. For example, as of the time this Complaint was filed, Alani Nu's website continues to represent that "we use ingredients you can feel good about without compromising taste."

However, in contrast to Defendants' representations, Alani Nu drinks present serious risks due to the amount of caffeine they contain. A single 12-ounce Alani Nu drink contains 200 milligrams of caffeine, more than other popular energy drinks and more than twice the 100-milligram daily limit of caffeine recommended for teenagers and children aged 12 to 17, according to leading bodies of pediatricians and adolescent psychiatrists. The Center for Disease Control has stated that consumption of energy drinks in this age range can lead to cardiovascular issues ranging from irregular heartbeat to heart failure.

Alani Nu drinks have previously been the subject of regulatory action. In August of 2023, the Canadian Food Inspection Agency warned Canadians "[d]o not consume, use, sell, serve, or distribute" Alani Nu energy drinks, stating that the drinks "are being recalled from the marketplace due to various non-compliances related to caffeine content and labelling requirements." Specifically, Alani Nu's caffeine content exceeded Canada's legal limit of 180 milligrams for a single-serving energy drink.

Despite the risks that Alani Nu drinks present to consumers under the age of 18, Defendants at all relevant times have marketed these drinks to such consumers despite asserting their purported commitment not to do so. Alani Nu drinks are packaged in dynamic, bright colors, and Alani Nu actively recruits college students to join the "Alani Ambassadors" program and market Alani Nu products using their profiles on social media platforms such as Instagram and TikTok. As of the filing of this Complaint, the Alani Nu website even concedes that Defendants work with individuals whose social media audiences are comprised up to 25% of individuals under the age of 18.

While the labels on Alani Nu energy drinks state the amount of caffeine one can contains and generally state that they are "not recommended for consumption by children", they contain no similar cautionary language with respect to teenagers.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants' products failed to adequately disclose the cardiac risks of consuming Alani Nu products; (ii) by marketing Alani Nu drinks to consumers under the age of 18, the Company was marketing its products to individuals who were particularly susceptible to known health risks posed by those products; (iii) the foregoing created a non-speculative risk that Alani Nu consumers would suffer potentially fatal adverse health events; (iv) the foregoing, once revealed, was likely to have a significant negative impact on the Company's business and reputation; and (v) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on April 9, 2026, when NBC News and local news outlet MyRGV (Rio Grande Valley) reported that the family of 17-year old Texas cheerleader Larissa Rodriguez had filed a wrongful death lawsuit in Hidalgo County District Court against Glazer's Beer and Beverage, LLC ("Glazer's") and Glazer's Beer and Beverage of Texas, LLC, two distributors of Alani Nu. The family alleged that Rodriguez died from an enlarged heart caused by drinking Alani Nu energy drinks and that the drinks "had inadequate warnings about the serious cardiac risks" of drinking Alani Nu. According to NBC News, Celsius stated in response, inter alia, "our policy is not to market or sample to anyone under 18".

On this news, Celsius's stock price fell $1.52 per share, or 4.18%, to close at $34.86 on April 10, 2026.

Then, on June 4, 2026, Texas Attorney General Ken Paxton ("Paxton") announced an investigation into Celsius over concerns that its high-caffeine energy drinks are being marketed to children and teens. Per Attorney General Paxton's announcement, the investigation will specifically examine whether Celsius and its Alani Nu subsidiary had violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of their products.

On news of the investigation, Celsius's stock price fell $2.26 per share, or 7.53%, to close at $27.75 per share on June 4, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Posted by Defense World Staff on Aug 11th, 2026

Celsius Holdings Inc. (NASDAQ:CELH – Get Free Report) gapped down before the market opened on Monday after Stephens lowered their price target on the stock from $65.00 to $50.00. The stock had previously closed at $27.77, but opened at $26.31. Stephens currently has an overweight rating on the stock. Celsius shares last traded at $26.20, with a volume of 2,033,049 shares trading hands.

Other analysts have also recently issued research reports about the company. Roth Capital reiterated a “buy” rating and set a $48.00 price objective on shares of Celsius in a research report on Friday. Jefferies Financial Group reissued a “buy” rating on shares of Celsius in a research report on Tuesday, May 19th. Needham & Company LLC dropped their target price on Celsius from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Citigroup cut their price target on Celsius from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $44.00 price target on shares of Celsius in a research report on Friday, May 8th. Nineteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.50.

Check Out Our Latest Stock Report on Celsius

Insiders Place Their Bets In related news, Director Hal Kravitz purchased 8,400 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $29.73 per share, with a total value of $249,732.00. Following the completion of the acquisition, the director owned 227,158 shares of the company’s stock, valued at approximately $6,753,407.34. This trade represents a 3.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John Fieldly purchased 8,475 shares of Celsius stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $29.36 per share, with a total value of $248,826.00. Following the transaction, the chief executive officer owned 937,540 shares of the company’s stock, valued at approximately $27,526,174.40. This represents a 0.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.33% of the stock is currently owned by company insiders.

Celsius News Summary Here are the key news stories impacting Celsius this week:

Positive Sentiment: Stephens maintained an “overweight” rating while lowering its price target to $50, suggesting substantial potential upside if Celsius can stabilize its brands and improve execution. Stephens price target article Positive Sentiment: Alani Nu and Rockstar contributed to 10.6% year-over-year quarterly revenue growth, while Celsius remains viewed as a potential consolidation target for larger beverage companies. The buyout thesis is speculative and has not resulted in a reported offer. Energy drink consolidation article Neutral Sentiment: Celsius announced leadership changes as part of an organizational realignment supporting its “Total Energy Portfolio” strategy. The changes could improve integration and brand management, but investors will look for evidence of better results. Celsius leadership changes Neutral Sentiment: Analyst coverage remains mixed: JPMorgan, Citi, Piper Sandler and Needham lowered their targets, while Maxim downgraded the stock to “hold.” TD Cowen, however, retained a “buy” rating. JPMorgan price target article Negative Sentiment: Second-quarter revenue of $817.9 million missed the $870.1 million consensus estimate, and earnings of $0.36 per share fell short of the $0.41 forecast. Adjusted profitability was pressured even as Alani Nu and Rockstar grew. Celsius Q2 results analysis Negative Sentiment: The core Celsius brand reportedly shifted from 6% growth in the first quarter to a 12% year-over-year revenue decline in the second quarter, raising concerns that newer brands may not fully offset the slowdown. Celsius investigation notice Negative Sentiment: Levi & Korsinsky announced a pending investor investigation focused on Celsius’s disclosures and performance. The announcement is not a finding of wrongdoing, but it adds reputational and legal uncertainty. Investor investigation notice Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Celsius by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock worth $826,750,000 after acquiring an additional 802,743 shares during the period. Geode Capital Management LLC boosted its position in shares of Celsius by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock worth $163,112,000 after purchasing an additional 277,424 shares during the period. Norges Bank purchased a new stake in shares of Celsius in the fourth quarter worth $140,803,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Celsius in the fourth quarter worth $115,321,000. Finally, Ameriprise Financial Inc. raised its position in shares of Celsius by 20.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after purchasing an additional 426,623 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Down 2.0% The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The company’s 50-day moving average price is $29.35 and its 200 day moving average price is $36.27. The stock has a market capitalization of $6.89 billion, a P/E ratio of 113.38, a P/E/G ratio of 1.29 and a beta of 0.95.

Celsius (NASDAQ:CELH – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The firm had revenue of $817.93 million during the quarter, compared to the consensus estimate of $870.08 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Celsius Holdings Inc. will post 1.51 earnings per share for the current year.

Celsius Company Profile (Get Free Report)

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.

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Key Takeaways CELH expects Q3 weekly run rates to stay near Q2 levels, with slight gains before exiting 2026 in growth.Celsius said it cut too many SKUs, while cold-space gains took longer and innovation was deliberately limited.Alani Nu posted about $364M in Q2 sales, up about 21%, while Rockstar integration finished in June. Celsius Holdings, Inc. (CELH - Free Report) used its second-quarter 2026 earnings call to temper near-term expectations for brand CELSIUS. Chairman and chief executive officer John Fieldly said the brand’s third-quarter performance should look much like Q2 before returning to growth exiting the year.

Adjusted EPS of $0.36 missed the Zacks Consensus Estimate of $0.42, while revenues of $817.9 million missed the $883.3 million consensus. Revenues still increased 10.6% year over year.

CELH Sees Q3 Core Brand Pressure PersistChief financial officer Jarrod Langhans said brand CELSIUS net sales fell approximately 12% year over year versus a 2% decline in tracked retail sales. He cited shipment timing, higher trade and promotional investment, and club-channel softness.

Langhans said depletions versus orders accounted for roughly half the gap between scanner and reported results at quarter-end as distributor inventory rebalanced following SKU removals.

Fieldly said third-quarter weekly run rates should be broadly similar to Q2, with slight increases, before CELSIUS exits 2026 back in growth.

Celsius Says SKU Cuts Went Too FarDuring Q&A, a Goldman Sachs analyst asked whether the SKU rationalization had been the right decision. Fieldly acknowledged that Celsius cut too many CELSIUS SKUs and said a lighter reduction would have been preferable.

Fieldly said assortment cuts occurred immediately, while targeted cold-space and permanent cooler gains took longer. Celsius also deliberately limited innovation while integrating Alani Nu and Rockstar.

Fieldly identified the 16-ounce line as an area needing work and said a meaningful new offering is planned for early 2027. He said future optimization will emphasize replacing tail SKUs with permanent innovation.

CELH Leans on Alani as Rockstar StabilizesLanghans said Alani Nu generated approximately $364 million in second-quarter net sales, up approximately 21% year over year, while tracked retail sales rose 56%. Higher DSD mix, trade investment and billbacks reduced reported net revenue growth.

Fieldly said Purple Cotton Candy became Alani's top-selling new flavor in tracked channels. He emphasized building a more stable permanent core by moving successful limited-time flavors into everyday placements.

Fieldly added the Rockstar integration was completed in June on the planned nine-month timeline. His near-term focus is stability, core identity and improved velocity ahead of 2027.

Celsius Sees Margin Gains Offset by CommoditiesLanghans said second-quarter gross margin was approximately 48%, consistent with the first quarter, as outbound freight and integration benefits offset commodity inflation, primarily aluminum.

He expects third-quarter gross margin to remain in the high 40s at current diesel and aluminum levels. Integration savings should build through the back half, while price-pack architecture begins contributing.

Langhans said adjusted EBITDA was $184 million, or approximately 22.5% of revenues, compared with $210 million a year earlier, reflecting commodity pressure and brand investment.

CELH Q&A Points to a Gradual Q4 RecoveryA Stephens analyst pressed for the magnitude of a fourth-quarter CELSIUS recovery. Fieldly said improvement should build gradually as Celsius laps rationalization effects and gains better retail placement, rather than producing an immediate snapback.

Langhans said reported CELSIUS results will face a softer year-over-year comparison, while Alani must cycle a prior-year inventory build. Timing of 2027 innovation load-ins across Q4 and Q1 remains under planning with the DSD partner.

A Morgan Stanley analyst questioned delayed shelf-space gains. Langhans said timing ran behind initial expectations because cold fixtures required more labor and retailer investment, though July gains arrived and additional cold-space changes are planned for September and Q4.

Celsius Keeps Back-Half Focus on ExecutionLanghans framed the third quarter around service quality, network efficiency and moving more volume closer to retailers. He also said Celsius is adding merchandisers and sales representatives to improve in-stock execution.

Fieldly's broader posture remained centered on 2027, with renewed CELSIUS innovation, continued Alani expansion and a stabilized Rockstar platform shaping priorities coming out of the call.

CELH Zacks Signals Remain CautiousCELH currently carries a Zacks Rank #4 (Sell), with a Value Score of D, Growth Score of C, Momentum Score of F and VGM Score of D. Under the Zacks methodology, the rank reflects an unfavorable earnings-estimate revision trend, while the Style Scores sit below the preferred A or B range.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

With A ranking above B and lower grades less favorable, the Growth Score of C stands above the Value Score of D and Momentum Score of F, while the VGM Score of D keeps the combined style signal cautious for the one-to-three-month horizon. The Zacks Rank can change as analyst estimates are revised following the just-reported second-quarter results.

BOCA RATON, Fla.--(BUSINESS WIRE)--Celsius Holdings, Inc. (Nasdaq: CELH) (“Celsius Holdings” or “the Company”) today reported second quarter 2026 financial results.

Summary of Second Quarter 2026 Financial Results

Summary Financials

2Q 2026

2Q 2025

Change

1H 2026

1H 2025

Change

(Millions except for percentages and EPS)

Revenue

$817.9

$739.3

11%

$1,600.5

$1,068.5

50%

North America

$790.7

$714.5

11%

$1,538.0

$1,021.0

51%

International

$27.2

$24.8

10%

$62.5

$47.5

32%

Gross Margin

48.1%

51.5%

-340 BPS

48.2%

51.8%

-356 BPS

Net Income

$55.3

$99.9

(45)%

$165.4

$144.3

15%

Net Income att. to Common Shareholders

$36.4

$85.7

(57)%

$121.4

$119.9

1%

Diluted EPS

$0.14

$0.33

(58)%

$0.47

$0.48

(2)%

Adjusted Diluted EPS*

$0.36

$0.47

(23)%

$0.77

$0.65

19%

Adjusted EBITDA*

$184.2

$210.3

(12)%

$379.6

$280.0

36%

  *The company reports financial results in accordance with generally accepted accounting principles in the United States (“GAAP”), but management believes that disclosure of Adjusted EBITDA and Adjusted Diluted EPS, which are non-GAAP financial measures that management uses to assess our performance, may provide users with additional insights into operating performance. Please see “Use of Non-GAAP Measures” and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures, both of which can be found below.

John Fieldly, Chairman and CEO of Celsius Holdings, said: “During the second quarter of 2026, we made meaningful progress in advancing Celsius Holdings as a scaled portfolio of leading brands. We delivered a double-digit increase in second quarter revenue, completed the Rockstar integration, and maintained gross margin near first-quarter levels despite a challenging commodity environment. With CELSIUS, Alani Nu, and Rockstar Energy, we're building a scaled Modern Energy portfolio with distinct roles, attracting new consumers and expanding consumption occasions. As it relates to our optimization project, we remain focused on improving assortment productivity and strengthening execution to return brand CELSIUS to sustainable growth. We are confident the actions we are taking will strengthen the brand, and with a broader, more diversified portfolio, we believe we are well positioned to drive durable, long-term growth. With two billion-dollar brands and roughly one in five energy drinks sold in the United States coming from our portfolio, we are a key growth engine for the category, and we're still early in what this platform can do.”

FINANCIAL AND MARKET HIGHLIGHTS FOR THE SECOND QUARTER OF 2026

For the three months ended June 30, 2026, revenue totaled approximately $817.9 million—compared to $739.3 million for the prior-year period, representing growth of 10.6%. During the quarter, Alani Nu® generated sales of approximately $364.4 million, benefiting from strong consumer demand, increased orders from our largest customer as the brand transitioned into the PepsiCo distribution system, and the successful launch of the limited-time Purple Cotton Candy flavor. This growth was partially offset by the discontinuation of certain non-ready-to-drink energy products as well as a higher content of DSD versus direct sales, which results in higher trade investments and billbacks that reduce reported net revenue. Rockstar Energy® contributed approximately $66.5 million in revenue during the second quarter of 2026. CELSIUS® brand revenue decreased by approximately 11.7% in the second quarter of 2026 compared to the same period last year, reflecting increased trade and promotional investment, shipment timing related to inventory rebalancing, softness in the club channel, a planned moderation in innovation activity during the period, and SKU optimization initiatives implemented in conjunction with the integration of our recent acquisitions and Alani Nu’s distribution transition.

CELSIUS brand international revenue totaled $27.2 million for the second quarter of 2026, representing a 10% increase compared to the same period in 2025, reflecting strong momentum across both our more established Nordic markets and our expansion markets, including Iberia, the UK, Ireland, France, Australia, New Zealand and Benelux.

For the three months ended June 30, 2026, gross profit increased by $12.8 million to $393.7 million, an increase of 3.4%, from $380.9 million for the three months ended June 30, 2025. Gross profit margin decreased to 48.1% for the three months ended June 30, 2026, from 51.5% for the three months ended June 30, 2025. The decrease in gross profit margin was primarily driven by higher promotional and incentive activity as a percentage of revenue and channel mix. This decrease was partially offset by ongoing improvements from our integration of acquired businesses and the absence of inventory step-up expense in 2026 related to the Alani Nu acquisition.

In line with management expectations, second quarter gross margin remained consistent with the first quarter at approximately 48%, as improvements in outbound freight costs and continued integration of our recent acquisitions into our supply chain offset ongoing inflation in commodity costs, primarily aluminum.

Compared to the second quarter of 2025, underlying raw material COGS improved as we completed the Rockstar transition into our purchasing structure, with transition costs and COGS write-offs largely behind us. The initiatives expected to drive margin expansion over the remainder of the year—including our orbit model, freight optimization, raw material alignment, revenue growth-management capabilities, and mix improvement through price-pack architecture—continue to progress, although the benefits are being partially offset by rising commodity costs. As these initiatives continue to mature, we expect to increasingly realize the benefits of the platform we’ve built through the successful integration of our recent acquisitions.

During the second quarter of 2026, we executed disciplined capital allocation, including approximately $100.4 million of share repurchases, reflecting our confidence in the business and our focus on long-term shareholder value creation.

Selling, general and administrative expenses for the three months ended June 30, 2026, decreased $0.3 million, to $237.6 million from $237.9 million for the prior-year period, representing 29.0% of revenue compared to 32.2% for the same period in 2025. Adjusted selling, general and administrative expenses, represented 28.6% of revenue in the second quarter of 2026.2

Diluted earnings per share for the second quarter of 2026 was $0.14 compared to $0.33 for the prior-year period. Non-GAAP adjusted diluted earnings per share for the second quarter of 2026 was $0.36 compared to $0.47 for the prior-year period.

Retail Performance

Retail sales of the Celsius Holdings portfolio (CELSIUS, Alani Nu and Rockstar Energy) in U.S. tracked channels increased 31.0% for the 13-week period ended June 28, 2026.3 Celsius Holdings held an approximate 20.1% dollar share3 in the U.S. RTD energy category for the period. The portfolio remained a key driver of category growth, contributing approximately 30% of the zero-sugar U.S. energy category’s $640 million growth during the second quarter of 2026.3

CELSIUS brand retail sales decreased 2% year over year for the 13-week period ended June 28, 2026,3 and the brand held an approximate 9.5% dollar share in the U.S. RTD energy category for the period.3 The retail sales primarily reflected the Company's SKU optimization initiatives and a planned moderation in innovation activity. The reduction in average SKUs took effect immediately, while the associated space gains are being realized over a longer period, as much of the targeted space gains consisted of cold vault and permanent cooler placements that require additional capital investment and labor at the retailer level. Despite approximately 7% fewer points of distribution, productivity of the remaining assortment improved, with dollars per point of distribution increasing approximately 16% in the second quarter compared to the first quarter.

Alani Nu retail sales increased 55.7% year over year for the 13-week period ended June 28, 2026,3 driven by continued innovation, expanded distribution and continued adoption by new consumers. The brand held an approximate 8.7% dollar share in the U.S. RTD energy category for the period3. Celsius Holdings acquired the Alani Nu brand on April 1, 2025.

Rockstar Energy retail sales decreased 13% year over year for the 13-week period ended June 28, 2026,3 and the brand held an approximate 1.9% dollar share in the U.S. RTD energy category for the period3. Celsius Holdings acquired the Rockstar Energy brand in the U.S. and Canada on Aug. 28, 2025.

FINANCIAL AND MARKET HIGHLIGHTS FOR THE FIRST HALF OF 2026

For the six months ended June 30, 2026, revenue totaled approximately $1,600.5 million—compared to $1,068.5 million for the prior-year period, representing growth of 49.8%. The increase reflected the acquisition of Rockstar Energy on Aug. 28, 2025, as well as the Alani Nu expansion into the PepsiCo distribution network. Alani Nu generated record sales of approximately $732.4 million during the first half of 2026, benefiting from strong consumer demand, increased orders from our largest distributor driven by the brand’s transition into the PepsiCo distribution system, and the continued success of our limited-time offerings. Rockstar Energy contributed approximately $133.1 million in revenue during the first half of 2026. CELSIUS brand revenue decreased approximately 4% compared to the prior-year period, reflecting increased trade and promotional investment, shipment timing related to inventory rebalancing, softness in the club channel, a planned moderation in innovation activity during the period, and SKU optimization initiatives implemented in conjunction with the integration of our recent acquisitions and Alani Nu’s distribution transition.

CELSIUS brand international revenue totaled $62.5 million for the first half of 2026, representing a 32% increase compared to the same period in 2025, driven by growth in the Nordics and continued momentum in our expansion markets including Iberia, the UK, Ireland, France, Australia, New Zealand and Benelux.

For the six months ended June 30, 2026, gross profit increased by $218.5 million to $771.8 million from $553.2 million for the prior-year period. Gross profit margin was 48.2% for the six months ended June 30, 2026, compared to 51.8% for the six months ended June 30, 2025, reflecting higher fuel and commodity costs, more volume mix into our DSD system as well as costs associated with integrating our acquired businesses into our supply chain.

During the first half of 2026, we executed disciplined capital allocation, including approximately $124.5 million of share repurchases, reflecting our confidence in the business and our focus on long-term shareholder value creation.

Selling, general and administrative expenses for the six months ended June 30, 2026, increased $114.0 million, or 31.8%, to $472.2 million from $358.2 million for the prior-year period, representing 29.5% of revenue compared to 33.5% for the same period in 2025. Adjusted selling, general and administrative expenses, which excludes litigation costs and acquisition-related costs, represented 27.5% of revenue in the first half of 2026.4

Diluted earnings per share for the first half of 2026 was $0.47 compared to $0.48 for the prior-year period. Non-GAAP adjusted diluted earnings per share for the first half of 2026 was $0.77 compared to $0.65 for the prior-year period.

Second Quarter Earnings Webcast

Management will host a webcast today, Thursday, Aug. 6, 2026, at 8:00 a.m. ET to discuss the company’s second quarter 2026 financial results with the investment community. Investors are invited to join the webcast accessible from https://ir.celsiusholdingsinc.com. Downloadable files, an audio replay and transcript will be made available on the Celsius Holdings investor relations website.

About Celsius Holdings, Inc.

Celsius Holdings, Inc. (Nasdaq: CELH) is a functional beverage company and the owner of energy drink brand CELSIUS®, health and wellness brand Alani Nu® and Rockstar Energy®. Born in fitness and pioneering the rapidly growing, better-for-you, functional beverage category, the company creates and markets leading functional beverage products. For more information, please visit www.celsiusholdingsinc.com.

Forward-Looking Statements

This press release contains statements by Celsius Holdings, Inc. (“Celsius Holdings”, “we”, “us”, “our” or the “Company”) that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our prospects, plans, business strategy and expected financial and operational results. You can identify these statements by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” “would”, ”could”, ”project”, ”plan”, “potential”, ”designed”, “seek”, “target”, variations of these terms, the negatives of such terms and similar expressions. These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. You should not rely on forward-looking statements because our actual results may differ materially from those indicated by forward-looking statements as a result of a number of important factors. These factors include, but are not limited to: changes to our commercial agreements with PepsiCo, Inc.; management’s plans and objectives for international expansion and global operations; general economic and business conditions; our business strategy for expanding our presence in our industry; our expectations of revenue; operating costs and profitability; our expectations regarding our strategy and investments; our ability to successfully integrate business that we may acquire, our ability to achieve the benefits that we expect to realize as a result of our acquisitions, the potential negative impact on our financial condition and results of operations if we fail to achieve the benefits that we expect to realize as a result of our business acquisitions, liabilities of the businesses that we acquire that are not known to us; our expectations regarding our business, including market opportunity, consumer demand and our competitive advantage; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and future regulations affecting our business; the Company’s ability to comply with the rules and regulations of the Securities and Exchange Commission (the “SEC”);ongoing and potential litigation matters; the impact of third parties attempting to replicate our product attributes; and those other risks and uncertainties discussed in our most recently filed Annual Report on Form 10-K and in our other reports filed with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date the statements were made. We do not undertake any obligation to update forward-looking information, except to the extent required by applicable law.

CELSIUS HOLDINGS, INC. - FINANCIAL TABLES

Consolidated Balance Sheets

(In thousands, except per share amounts)

(Unaudited)

  June 30, 2026

December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents

$

631,234

$

398,866

Restricted cash

1,895

141,121

Accounts receivable-net1

735,336

755,499

Inventories-net

390,602

337,698

Prepaid expenses and other current assets2

67,422

128,806

Deferred other costs-current3

49,472

49,164

Total current assets

1,875,961

1,811,154

Property, plant and equipment-net

108,748

87,910

Deferred tax assets

93,250

96,013

Other long-term assets

44,044

43,434

Deferred other costs-non-current3

746,737

771,635

Brands-net

1,280,222

1,280,311

Customer relationships-net

99,529

111,604

Goodwill

919,660

917,560

Total Assets

$

5,168,151

$

5,119,621

LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable4

$

202,101

$

137,930

Accrued expenses5

264,558

230,721

Income taxes payable

40,821

49,612

Accrued distributor termination fees

8,761

264,088

Accrued promotional allowance6

453,043

307,922

Contingent consideration

—

25,000

Deferred revenue - current7

31,460

26,988

Other current liabilities

42,891

36,465

Total current liabilities

1,043,635

1,078,726

Long-term debt

667,850

669,926

Deferred revenue-non-current3

463,856

401,155

Other long term liabilities

33,251

28,372

Total Liabilities

2,208,592

2,178,179

Commitment and contingencies

Mezzanine Equity:

Series A convertible preferred stock, $0.001 par value, 1,467 shares issued and outstanding as of both June 30, 2026 and December 31, 2025

852,355

852,355

Series B convertible preferred stock, $0.001 par value, 390 shares issued and outstanding as of both June 30, 2026 and December 31, 2025

907,620

907,620

Stockholders’ Equity:

Common stock, $0.001 par value; 400,000 shares authorized, 258,703 shares issued and 253,341 shares outstanding as of June 30, 2026; and 258,108 shares issued and 256,906 shares outstanding as of December 31, 2025, respectively.

101

101

Treasury stock, at cost, 5,362 shares and 1,202 shares as of June 30, 2026 and December 31, 2025, respectively

(183,469

)

(48,226

)

Additional paid-in capital

1,069,452

1,050,518

Accumulated other comprehensive income

335

3,162

Retained earnings

313,165

175,912

Total Stockholders’ Equity

1,199,584

1,181,467

Total Liabilities, Mezzanine Equity and Stockholders’ Equity

$

5,168,151

$

5,119,621

_______________________________________________  1

 Includes $387.2 million and $349.1 million from a related party as of June 30, 2026 and December 31, 2025, respectively.

 2

 Includes no amounts from a related party as of June 30, 2026 and $64.2 million from a related party as of December 31, 2025.

 3

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

 4

 Includes $35.8 million and $28.6 million from a related party as of June 30, 2026 and December 31, 2025, respectively.

 5

 Includes $4.0 million and $1.8 million from a related party as of June 30, 2026 and December 31, 2025, respectively.

 6

 Includes $247.6 million and $128.9 million from a related party as of June 30, 2026 and December 31, 2025, respectively.

 7

 Includes $30.7 million and $26.3 million from a related party as of June 30, 2026 and December 31, 2025, respectively.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In thousands, except per share amounts)

(Unaudited)

  Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue1

$

817,925

$

739,259

$

1,600,540

$

1,068,535

Cost of revenue2

424,237

358,408

828,785

515,311

Gross profit

393,688

380,851

771,755

553,224

Selling, general and administrative expenses3

237,573

237,886

472,220

358,228

Distributor termination fees

80,860

—

85,287

—

Income from operations

$

75,255

$

142,965

$

214,248

$

194,996

Other (expense) income:

Interest income

3,678

4,038

6,670

11,884

Interest expense

(11,566

)

(18,080

)

(23,409

)

(18,080

)

Other, net4

2,163

542

9,557

1,658

Total other expense, net

(5,725

)

(13,500

)

(7,182

)

(4,538

)

Net income before provision for income taxes

69,530

129,465

207,066

190,458

Provision for income taxes

(14,237

)

(29,610

)

(41,674

)

(46,184

)

Net income

$

55,293

$

99,855

$

165,392

$

144,274

Dividends on convertible preferred stock5

(14,149

)

(6,851

)

(28,142

)

(13,632

)

Income allocated to participating preferred stock5

(4,723

)

(7,314

)

(15,807

)

(10,703

)

Net income attributable to common stockholders

$

36,421

$

85,690

$

121,443

$

119,939

Other comprehensive income:

Foreign currency translation (loss) gain, net of income tax

(1,284

)

3,179

(2,827

)

5,428

Comprehensive income

$

35,137

$

88,869

$

118,616

$

125,367

Earnings per share

Basic

$

0.14

$

0.33

$

0.47

$

0.49

Diluted

$

0.14

$

0.33

$

0.47

$

0.48

_____________________________________________ 1 

Includes $492.3 million and $954.0 million for the three and six months ended June 30, 2026 respectively, and $245.8 million and $434.3 million for the three and six months ended June 30, 2025, respectively, in each case from a related party.

2 

Includes $0.6 million and $12.4 million for the three and six months ended June 30, 2026 respectively, to a related party, and no amounts to a related party for the three and six months ended June 30, 2025.

3 

Includes $2.6 million and $3.8 million for the three and six months ended June 30, 2026 respectively, and $0.2 million and $0.8 million for the three and six months ended June 30, 2025, respectively, to a related party.

4 

Includes $3.6 million and $10.6 million for the three and six months ended June 30, 2026, respectively, from a related party, and no amounts from a related party for the three and six months ended June 30, 2025.

5 

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

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

Reconciliation of GAAP Net Income to non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin

  Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net income (GAAP measure)

$

55,293

$

99,855

$

165,392

$

144,274

Add back/(Deduct):

Net interest (expense) income

7,888

14,042

16,739

6,196

Provision for income taxes

14,237

29,610

41,674

46,184

Depreciation and amortization expense

10,104

9,119

19,238

11,730

Non-GAAP EBITDA

87,522

152,626

243,043

208,384

Stock-based compensation1

10,565

6,434

18,191

11,463

PPA Inventory Step-Up

—

21,692

—

21,692

Reorganization Costs

—

482

—

482

Foreign exchange

1,396

(800

)

988

(1,720

)

Acquisition and Integration Costs2

3,819

29,855

7,573

38,967

Penalties3

—

—

—

710

Distributor Termination4

80,860

—

85,287

—

Legal Settlement Costs5

—

—

24,557

—

Non-GAAP Adjusted EBITDA

$

184,162

$

210,289

$

379,639

$

279,978

Non-GAAP Adjusted EBITDA Margin

22.5

%

28.4

%

23.7

%

26.2

%

Reconciliation of GAAP diluted Earnings per share to non-GAAP Adjusted diluted Earnings per share

  Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Diluted earnings per share (GAAP measure)

$

0.14

$

0.33

$

0.47

$

0.48

Add back/(Deduct)6:

Acquisition and Integration Costs2

0.01

0.08

0.02

0.11

Distributor Termination4

0.21

—

0.22

—

Inventory Step-Up Adjustment

—

0.06

—

0.06

Legal Settlement Costs5

—

—

0.06

—

Non-GAAP adjusted diluted earnings per share

$

0.36

$

0.47

$

0.77

$

0.65

Reconciliation of GAAP SG&A as a % of Revenue to non-GAAP Adjusted SG&A as a % of Revenue

  Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Sales and Marketing expense

$

181,903

$

150,842

$

332,495

$

231,738

Percentage of Revenue

22.2

%

20.4

%

20.8

%

21.7

%

General and Administrative expense

$

55,670

$

87,044

$

139,725

$

126,490

Percentage of Revenue

6.8

%

11.8

%

8.7

%

11.8

%

(Deduct):

Acquisition and Integration Costs1

(3,819

)

(29,855

)

(7,573

)

(38,967

)

Penalties2

—

—

—

(710

)

Legal Settlement Costs3

—

—

(24,557

)

—

Non-GAAP Adjusted General and Administrative expense

$

51,851

$

57,189

$

107,595

$

86,813

Percentage of Revenue

6.3

%

7.7

%

6.7

%

8.1

%

Selling, General and Administrative expenses

$

237,573

$

237,886

$

472,220

$

358,228

Percentage of Revenue

29.0

%

32.2

%

29.5

%

33.5

%

(Deduct):

Acquisition and Integration Costs1

(3,819

)

(29,855

)

(7,573

)

(38,967

)

Penalties2

—

—

—

(710

)

Legal Settlement Costs3

—

—

(24,557

)

—

Non-GAAP Adjusted SG&A

$

233,754

$

208,031

$

440,090

$

318,551

Percentage of Revenue

28.6

%

28.1

%

27.5

%

29.8

%

USE OF NON-GAAP MEASURES

Celsius defines Adjusted EBITDA as net income before net interest (expense) income, income tax expense (benefit), and depreciation and amortization expense, further adjusted by excluding stock-based compensation expense, foreign exchange gains or losses, distributor termination fees, legal settlement costs, reorganization costs, acquisition and integration costs, penalties, and inventory step-up adjustment. Adjusted EBITDA Margin is the ratio between the company’s Adjusted EBITDA and net revenue, expressed as a percentage. Adjusted diluted earnings per share is GAAP diluted earnings per share net of add backs and deductions for distributor termination, legal settlement costs, reorganization costs, acquisitions and integration costs, penalties, and inventory step-up adjustment. Adjusted SG&A is GAAP SG&A adjusted for acquisition costs, distributor termination fees, penalties and certain legal accruals. Adjusted SG&A as a % of revenue is the ratio between Adjusted SG&A and net revenue. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted diluted earnings per share, Adjusted SG&A, and Adjusted SG&A as a percentage of revenue are non-GAAP financial measures.

Celsius uses Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted diluted earnings per share, Adjusted SG&A, and Adjusted SG&A as a percentage of revenue for operational and financial decision-making and believes these measures are useful in evaluating its performance because they eliminate certain items that management does not consider indicators of Celsius’ operating performance. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted diluted earnings per share, Adjusted SG&A, and Adjusted SG&A as a percentage of revenue may also be used by many of Celsius’ investors, securities analysts, and other interested parties in evaluating its operational and financial performance across reporting periods. Celsius believes that the presentation of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted diluted earnings per share, Adjusted SG&A, and Adjusted SG&A as a percentage of revenue, provides useful information to investors by allowing an understanding of measures that it uses internally for operational decision-making, budgeting and assessing operating performance.

Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted diluted earnings per share, Adjusted SG&A, and Adjusted SG&A as a percentage of revenue are not recognized terms under GAAP and should not be considered as a substitute for net income or any other financial measure presented in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of Celsius’ results as reported under GAAP. Celsius strongly encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

Because non-GAAP financial measures are not standardized, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted diluted earnings per share. Adjusted SG&A, and Adjusted SG&A as percentage of revenue as defined by Celsius, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare Celsius’ use of these non-GAAP financial measures with those used by other companies.

More News From Celsius Holdings, Inc.

Key Takeaways Celsius Holdings' first-quarter gross margin fell 400 basis points to 48.3%. Higher aluminum prices and freight costs added to near-term margin pressure. Celsius Holdings is targeting savings through sourcing, freight and procurement changes. Celsius Holdings, Inc. (CELH - Free Report) entered 2026 with a significantly expanded energy drink portfolio following the integrations of Alani Nu and Rockstar Energy. While these additions have increased the company's scale, they have also created near-term pressure on profitability as the lower-margin businesses continue to be integrated into Celsius Holdings' operating and purchasing structure.

Gross margin declined 400 basis points year over year to 48.3% in the first quarter of 2026 from 52.3%. The decline primarily reflected the addition of Alani Nu and Rockstar, both of which had lower margin profiles upon acquisition. However, the gross margin improved approximately 90 basis points from the fourth quarter of 2025 as the underlying raw material cost of goods sold improved and fourth-quarter COGS write-offs and transition costs largely rolled off.

The quarter also reflected several temporary cost pressures. Higher London Metal Exchange aluminum prices and Midwest aluminum premiums increased packaging costs, while severe winter weather in parts of the Northeast resulted in incremental freight and freeze-protection expenses. Additional freight costs were also incurred as Rockstar inventory was rebalanced across the distribution network.

To improve profitability, Celsius Holdings continues to advance several operational initiatives, including its orbit inventory model, freight structure optimization, raw material alignment across Alani Nu and Rockstar, direct sourcing and mix improvements through price-pack architecture. The company has also secured aluminum conversion costs and price locks on several ingredients and vitamins while expanding procurement coverage into future years.

Although commodity inflation remains a near-term challenge, several integration-related cost headwinds have begun to ease. Going forward, the timing of Celsius Holdings' margin recovery will largely depend on its ability to translate its ongoing supply chain, procurement and operational initiatives into sustainable cost savings while managing elevated input and freight costs.

CELH Stock Price Performance, Valuation & EstimatesShares of Celsius Holdings have tumbled 32% over the past year compared with the industry’s decline of 24%. The company currently carries a Zacks Rank #4 (Sell).

CELH Price Performance Versus Industry
Image Source: Zacks Investment Research

From a valuation standpoint, CELH trades at a forward price-to-earnings ratio of 16.85, higher than the industry’s average of 14.33.

CELH Valuation Compared With Industry
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CELH’s current and next fiscal-year earnings per share implies year-over-year growth of 18.7% and 23.6%, respectively.

Better-Ranked Stocks to ConsiderUnited Natural Foods, Inc. (UNFI - Free Report) , a major food wholesaler serving grocery retailers, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for United Natural’s current and next fiscal-year earnings per share suggests year-over-year increases of 254.9% and 21.4%, respectively. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.

Mama's Creations, Inc. (MAMA - Free Report) , a maker of refrigerated prepared foods for retail and foodservice, carries a Zacks Rank #2 (Buy) at present.

The consensus estimate for Mama's Creations’ current and next fiscal-year EPS implies growth of 73.3% and 46.2%, respectively, from the prior-year reported levels. MAMA delivered a trailing four-quarter earnings surprise of 129.2%, on average.

Hormel Foods Corporation (HRL - Free Report) , a global branded food company offering meat, protein and packaged food products, currently carries a Zacks Rank of 2.

The Zacks Consensus Estimate for Hormel Foods’ current and next fiscal-year EPS calls for a year-over-year jump of 9.5% and 3.5%, respectively. HRL delivered a trailing four-quarter earnings surprise of 3.2%, on average.