Celsius Holdings (CELH) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Celsius Holdings published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Celsius Holdings reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Celsius Holdings acquired Alani Nu on April 1, 2025 and the Rockstar Energy brand in the U.S. and Canada on August 28, 2025, so Q3 2025 includes Rockstar revenue only from August 28.
• The Q3 2025 GAAP loss included $246.7 million of distributor termination fees, $0.86 per diluted share, tied to moving Alani Nu distribution to PepsiCo. Q3 2026 carried $3.5 million of these fees.

Source: Celsius Holdings Q3 2026 results (Form 8-K, Exhibit 99.1), November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Celsius Holdings splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Celsius Holdings's Celsius revenue was $357 million in Q3 2026, down 6% from $381 million in Q3 2025, 42% of total revenue.
• Celsius Holdings's Alani Nu revenue was $410 million in Q3 2026, up 24% from $332 million in Q3 2025, 48% of total revenue.
• Celsius Holdings's Rockstar revenue was $80.3 million in Q3 2026, up 560% from $12.2 million in Q3 2025, 9% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's earnings release.

We do not hold a confirmed date for Celsius Holdings's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Celsius Holdings sells three energy drink brands, and in Q3 2026 Alani Nu was the largest of them: $410.1 million of the $847.2 million total, against $356.8 million for CELSIUS and $80.3 million for Rockstar Energy. Total revenue rose 16.8% from $725.1 million a year earlier. Functional energy drinks made up 96.1% of revenue in the quarter. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026; Celsius Holdings Form 10-Q, Q3 2026, Nov 5, 2026)

Celsius Holdings said CELSIUS brand revenue fell about 6% because of SKU optimization initiatives, shipment timing related to inventory rebalancing, and softness in the club channel. Alani Nu revenue rose about 24% on wider distribution in the PepsiCo direct-store-delivery (DSD) system and the Witch's Brew limited-time flavors, which the company called the brand's most successful limited-time offering. A higher mix of DSD sales brought higher trade investments and billbacks, which reduced reported net revenue. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026)

Celsius Holdings acquired Alani Nu on April 1, 2025 and Rockstar Energy in the U.S. and Canada on August 28, 2025, so the year-ago quarter held only $12.2 million of Rockstar revenue. Rockstar's $80.3 million in Q3 2026 included strong sales in Canada because of the timing of orders across the second and third quarters. For the first nine months of 2026, revenue was $2,447.8 million, up 36.5%. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026; Celsius Holdings Form 10-Q, Q3 2026, Nov 5, 2026; Celsius Holdings Form 10-K, 2025, Mar 2, 2026)

Celsius Holdings depends heavily on PepsiCo, which distributes its brands and holds all of its Series A and Series B convertible preferred stock, with two board seats. Pepsi accounted for 64.6% of revenue in Q3 2026, up from 35.4% a year earlier, and Costco for 10.2%. Revenue from a related party was $547.4 million in the quarter. (Celsius Holdings Form 10-Q, Q3 2026, Nov 5, 2026; Celsius Holdings Form 10-K, 2025, Mar 2, 2026; Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026)

North America (the U.S. and Canada) produced $806.2 million of revenue in Q3 2026 and International $41.0 million, up 78% from $23.1 million, with growth in the Nordic markets and in Iberia, the UK, Ireland, France, Australia, New Zealand and Benelux. In U.S. tracked channels, retail sales of the three brands rose 14.7% in the 13 weeks ended September 27, 2026, and the portfolio held a 20.7% dollar share of the U.S. ready-to-drink energy category. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026)

Celsius Holdings earned GAAP diluted EPS of $0.39 in Q3 2026, against a loss of $(0.27) a year earlier, while adjusted diluted EPS was $0.41 against $0.42. The year-ago loss came from $246.7 million of distributor termination fees, $0.86 per share. Adjusted EPS adds back distributor termination fees, acquisition and integration costs, legal settlement costs, reorganization costs and inventory step-up adjustments, net of a tax impact of $(0.01) per share this quarter. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026)

Net income was $127.0 million, but net income attributable to common shareholders was $99.5 million after $14.3 million of dividends on convertible preferred stock and $13.1 million of income allocated to participating preferred stock, all held by PepsiCo. Diluted weighted average shares were 254.9 million, and 34.2 million potentially dilutive shares, mostly from the preferred stock, were left out of diluted EPS as antidilutive. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026; Celsius Holdings Form 10-Q, Q3 2026, Nov 5, 2026)

Celsius Holdings repurchased about 1.6 million shares in Q3 2026 at a weighted average price of $27.28, about $44.5 million, under its $300 million authorization, and 5.6 million shares over the nine months. The effective tax rate was 22.1%, against 30.7% a year earlier. In September the company paid $60.0 million of an $85.0 million settlement in the Strong Arm Productions litigation, with $25.0 million due on January 5, 2027. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026; Celsius Holdings Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Celsius Holdings does not publish a numeric revenue or earnings outlook in its Q3 2026 release. It describes margin work instead: freight lane optimization, raw material alignment, revenue growth-management and price-pack architecture, which it said partly offset commodity inflation in aluminum and fuel. Gross margin fell to 46.8% from 51.3%. (Celsius Holdings Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Celsius Holdings, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Celsius Holdings's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CELH is on is CELH a buy or a sell?, what analysts expect next is on the CELH forecast, and what the company does is on the Celsius Holdings (CELH) stock page.

Every number on this page can be traced to a document Celsius Holdings published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.