Celsius Holdings reported record third-quarter revenue of $847.2 million, up 17% from a year earlier, as growth across its energy-drink portfolio more than offset a decline in sales of its flagship CELSIUS brand. Profitability measures were mixed: GAAP net income rebounded from a year-earlier loss, while adjusted diluted earnings per share and adjusted EBITDA were slightly lower.
The company also announced leadership appointments for CELSIUS and Rockstar Energy, part of an effort to sharpen execution across its multi-brand portfolio and improve margins. CEO John Fieldly discussed the results on a webcast scheduled for Nov. 5.
Key details
-
Quarterly revenue reached a record $847.2 million, compared with $725.1 million in the third quarter of 2025. Revenue for the first nine months of 2026 was $2.45 billion, up 36% from $1.79 billion a year earlier.
-
North America remained the largest source of sales. Regional revenue rose 15% to $806.2 million in the quarter. International revenue increased 78% to $41.0 million. For the first nine months, North American revenue was up 36% to $2.34 billion, while international revenue rose 47% to $103.6 million.
-
The CELSIUS brand declined even as total company sales grew. CELSIUS revenue fell about 6% to $356.8 million in the quarter. The company said its portfolio contributed approximately 28% of the $773 million growth in the U.S. zero-sugar energy category during the quarter.
-
Gross margin narrowed. It was 46.8%, down 4.5 percentage points from 51.3% a year earlier. For the first nine months, gross margin was 47.7%, down 3.9 percentage points. Management cited plans to improve margins through revenue growth management, supply-chain work and cost initiatives, but the release excerpt provided no further detail on the quarter’s margin decline.
-
GAAP net income was $127.0 million, versus a $61.0 million loss in the prior-year quarter. Net income attributable to common shareholders was $99.5 million, compared with a $70.7 million loss. Diluted earnings per share were $0.39, versus a loss of $0.27 a year earlier.
-
Adjusted results were softer. Adjusted diluted EPS was $0.41, down 2% from $0.42, and adjusted EBITDA was $198.6 million, down 3% from $205.6 million. For the first nine months, adjusted diluted EPS rose 8% to $1.19 and adjusted EBITDA increased 19% to $578.3 million.
-
The company named brand leaders. Alex Zigliara will lead the CELSIUS brand, while Rishi Daing will lead Rockstar Energy and Emerging Growth. Fieldly said the appointments are intended to strengthen brand execution and support the company’s broader portfolio strategy.
-
Celsius said it is working to capture the benefits of its integrated platform while improving margins and positioning each brand for sustainable growth. It also made a third-quarter investor presentation available on its investor-relations website.
What the results show
Celsius’s overall revenue growth came alongside a decline in its flagship brand’s sales, while international sales grew quickly from a much smaller base. The quarter also showed a gap between the rebound in GAAP net income and modest declines in adjusted EPS and adjusted EBITDA. At the same time, the lower gross margin underscores the importance of the cost and pricing initiatives management identified.