Celsius Holdings faces securities probe after $818 million revenue miss

Celsius Holdings reported second-quarter revenue of $817.9 million, missing Wall Street consensus by more than $50 million and triggering a securities investigation.

"The investigation concerns whether Celsius Holdings made materially false or misleading statements regarding the performance and trajectory of its core Celsius brand," Levi & Korsinsky, the law firm probing the company, said.

Revenue from the core Celsius brand declined approximately 11.7 percent year over year, while adjusted EBITDA fell 12 percent. Adjusted earnings per share also came in below consensus. Shares fell $5.38, or about 18.46 percent, to close at approximately $23.77 on Aug. 6.

Management attributed the shortfall to promotional activity, inventory rebalancing, softer club-channel sales, SKU rationalization and delayed innovation, and warned the Celsius brand could remain weak in the third quarter before returning to growth in 2027.

Alani Nu, acquired in April 2025, contributed $364 million in revenue and partially offset the core-brand deterioration, while Rockstar added less favorable momentum. The energy-drink maker, which distributes through a long-term partnership with PepsiCo, is down more than 40 percent this year, erasing much of its five-year gains.

Levi & Korsinsky, ranked in the ISS Top 50 for seven consecutive years, is seeking investors who purchased Celsius shares and suffered losses. Eligibility is based on purchase date and documented losses, not on whether investors still hold the stock. The firm said participation carries no upfront cost and does not require court appearances.

The investigation raises the prospect of shareholder litigation and regulatory scrutiny over Celsius's guidance credibility. Investors will watch whether third-quarter results, due later this year, confirm management's forecast of a return to growth in 2027.

This article is for informational purposes only and does not constitute investment advice.