Celsius (CELH) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 revenue of $783 million, up 138% year-over-year, driven by Alani Nu and Rockstar acquisitions, strong portfolio execution, and expanding market share, with portfolio dollar share reaching 20.9% in April.

• Completed Alani Nu integration, capturing $50 million in synergies and simplifying the operating model; Rockstar integration remains on track for completion in H1 2026.

• Innovation and limited time offers drove consumer engagement, with Alani Nu's Lime Slush becoming its top-selling flavor and Celsius Fizz-Free platform expanding distribution.

• Expanded international presence with CELSIUS launch in Spain, plans for Portugal, and growth in the Nordics, UK, Ireland, France, Australia, New Zealand, and Benelux, leveraging Suntory partnership and new Dublin headquarters.

• Entered new global partnerships, including Aston Martin Aramco Formula One Team and Palm Tree Music Festival, to support brand momentum.

Financial highlights

• Q1 2026 revenue reached $783 million, up 138% year-over-year, with North America revenue at $747.3 million (up 144%) and international at $35.3 million (up 55%).

• CELSIUS net sales were $348 million (up 6% year-over-year); Alani Nu net sales were $368.1 million (up 72% US RTD energy); Rockstar net sales were $67 million.

• GAAP net income was $110.1 million (up 148%); net income attributable to common shareholders was $85.1 million; diluted EPS was $0.33 (up 120%).

• Adjusted EBITDA was $195.5 million (up 181%); adjusted EBITDA margin expanded to 25.0% from 21.2%.

• Gross margin was 48.3%, down from 52.3% in Q1 2025, due to higher aluminum premiums, freight, and promotional costs.

Outlook and guidance

• Expect to build on recent resets and introduce further innovation across CELSIUS and Alani Nu in Q2 and the back half of 2026.

• Margin expansion to low 50% range targeted, though timing may be impacted by elevated aluminum and freight costs; Q2 margin expected to be flat sequentially, with improvements in Q3 and Q4.

• Continued investment in marketing and brand activations planned for the summer selling season.

• Management expects continued growth from the expanded brand portfolio and international markets, with strong cash flow and liquidity supported by operations and a $100 million revolving credit facility.

• No material impact from recent U.S. tax law changes or global minimum tax rules is expected for 2026.