Celsius Holdings Q3 2025 Earnings: Revenue Nearly Triples on Alani Nu Deal, Net Loss From One-Time Costs
Celsius Holdings' Q3 2025 revenue nearly tripled on the Alani Nu acquisition, but the company posted a net loss tied to one-time, PepsiCo-reimbursed distribution costs.
| Q3 2025 | Reported |
|---|---|
| EPS | -$0.27 |
| Revenue | $725.1M |
Figures as reported by the company to the SEC for the quarter ended September 30, 2025. Analyst estimates are not part of a filing, so no comparison to expectations is shown.
Key takeaways
- Revenue jumped 173% year over year to $725.1 million, up from $265.7 million in the same quarter last year, mainly because Celsius closed its acquisition of energy-drink rival Alani Nu in April 2025.
- Alani Nu alone brought in a record $332.0 million of the quarter’s sales, while the original Celsius-branded business grew 44% on its own, showing the original brand is still expanding even as the new acquisition adds scale.
- The company posted a net loss for the quarter, largely because of about $246.7 million in one-time costs to end old distribution agreements as Alani Nu moves into PepsiCo’s distribution network; PepsiCo agreed to reimburse those costs, so the loss did not represent an actual cash outflow for Celsius.
- Looking at the past twelve months, gross margin (the portion of each sales dollar left after production costs) was about 49.6%, and net profit margin (what’s left after all expenses) was 5.85% — signs the underlying business has stayed profitable even though this quarter’s results included a one-time accounting loss.
- Return on equity, which measures how much profit the company generates from shareholders’ invested money, was 6.31% over the trailing year.
- Management said most of the financial benefit from folding Alani Nu into PepsiCo’s distribution system is expected to appear starting in the first quarter of 2026, once a phased rollout that began December 1, 2025 takes effect.
- For the fourth quarter, the company said it expects sales and marketing spending of 23%-25% of sales, plus added pressure on gross margin from integration costs, higher promotional spending, and tariffs.
Q3 2025 in context
| Metric | Sep 2025 | Sep 2024 | Change |
|---|---|---|---|
| Revenue | $725M | $266M | +172.9% |
| Net income | -$61M | $6M | -1059.9% |
| Free cash flow | $321M | $9M | +3599.1% |
| Diluted EPS | -$0.27 | $0.00 | — |
| Gross margin | 51.3% | 46.0% | +5.3 pts |
| Operating margin | -11.0% | -1.2% | -9.8 pts |
| Net margin | -8.4% | 2.4% | -10.8 pts |
Figures for the quarter ended Sep 2025 and the quarter ended Sep 2024, as reported to the SEC.
How the stock took it
Celsius Holdings Inc closed at $45.06 on Nov 6, 2025, the last session before the report, and at $44.56 on Nov 10, 2025, the first session after it — -1.1% across the report.
Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.
Sources: company report · mlq.ai · earnings call