---
schema_version: "secwatch.filing_event.v1"
accession: "0001341766-24-000016"
form_type: "8-K"
ticker: "CELH"
cik: "0001341766"
company_name: "Celsius Holdings, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:24:28.892458+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Celsius Q4 revenue $347M (+95% YoY), swings to net income $39.1M from year-ago loss

## Summary
- Q4 revenue $347.4M (+95% YoY); full-year revenue $1.318B (+102% YoY).
- Q4 net income $39.1M ($0.17 EPS) vs loss of $28.2M ($0.12 loss) in Q4 2022.
- Gross margin improved to 47.8% (Q4) and 48.0% (FY), up 340 and 660 bps respectively.
- Adjusted EBITDA Q4 $65.2M (+387% YoY); FY $295.6M (+316%).
- North America revenue +97% in Q4; International +68%; cash $756M.

## SEC filing metadata
- accession: 0001341766-24-000016
- form_type: 8-K
- ticker: CELH
- cik: 0001341766
- company_name: Celsius Holdings, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341766/000134176624000016/0001341766-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341766/000134176624000016/celh-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001341766-24-000016
- JSON: https://secwatch.observer/filing/0001341766-24-000016.json
- Plain text: https://secwatch.observer/filing/0001341766-24-000016.txt

## Key facts
- Earnings Releases
  Celsius Holdings, Inc. reported the full year ended December 31, 2023 results: revenue $1,318 million, net income $182.0 million, EPS $0.77 per diluted share.
  - Period: the full year ended December 31, 2023
  - Revenue: $1,318 million
  - Net income: $182.0 million
  - EPS: $0.77 per diluted share
  - Result: reported results
  source text: Reports Fourth Quarter and Full-Year 2023 Financial Results Record fourth quarter revenue of $347 million, up 95% from $178 million in Q4 2022 Record full-year revenue of $1,318 million, up 102% from $654 million in full-year 2022 BOCA RATON, Fla., Feb. 29, 2024 --- Celsius Holdings, Inc. (Nasdaq: CELH), maker of Celsius ® , the premium lifestyle energy drink
  evidence_url: https://www.sec.gov/Archives/edgar/data/1341766/000134176624000016/0001341766-24-000016-index.htm
- Earnings Releases
  Celsius Holdings, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $347 million, net income $39 million, EPS $0.17 per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $347 million
  - Net income: $39 million
  - EPS: $0.17 per diluted share
  - Result: reported results
  source text: Celsius achieved record fourth quarter revenue of $347 million, up 95% from $178 million for the prior year fourth quarter, driven predominantly by North American revenue, which increased 97% to $333 million, up from $169 million for the prior year fourth quarter. North American revenue was driven by expansion in total distribution points and higher SKUs per location. International revenue increased 68% to $14.6 million for the fourth quarter of 2023, from $8.7 million for the prior year quarter, driven in large part by new flavor launches, product availability and increased velocity. Gross profit for the fourth quarter of 2023 was $166 million, up 110% from $79 million for the prior year fourth quarter. Gross profit as a percentage of revenue was 47.8% for the three months ended December 31, 2023, up from 44.4% for the prior year fourth quarter. The 340 basis point improvement in gross profit margin was attributed to efficiencies in raw material sourcing, product waste reduction, and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1341766/000134176624000016/0001341766-24-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.