Celsius Holdings, Inc. (CELH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 28.32% of current shares
Recent Dilution: 10.4% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
260M
Potential Supply
73M
Additional shares possible
Splits
None
Past 2 years

Summary

CELH currently has 257M outstanding shares. with moderate dilution risk from 72.8M authorized shares representing 28.3% potential dilution. The company has diluted shareholders by 10.4% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 257.0M shares outstanding

260M 73M
Nov 07, 2025

10-Q filing | 257.8M shares outstanding

260M 72M
Aug 08, 2025

10-Q filing | 257.8M shares outstanding

260M 72M
May 06, 2025

10-Q filing | 237.2M shares outstanding

240M 93M
Mar 03, 2025

10-K filing | 233.7M shares outstanding

230M 96M
Feb 20, 2025

8-K filing: Celsius Holdings, Inc. entered into a Membership Interest Purchase Agreement to purchase all of the issued and outstanding membership interests in Alani Nu, in exchange for $1.275 billion in cash, an aggregate of 22,451,224 shares of Celsius common stock, and up to $25 million in additional cash consideration if net sales targets are met for 2025.

230M 96M
Nov 06, 2024

10-Q filing | 233.7M shares outstanding

230M 96M
Aug 06, 2024

10-Q filing | 233.2M shares outstanding

230M 97M
May 07, 2024

10-Q filing | 232.8M shares outstanding

230M 97M
Feb 29, 2024

10-K filing | 230.8M shares outstanding

230M 99M
Nov 13, 2023
Stock Split

8-K filing: Stock split 3-for-1 | Outstanding: 76,845,000 → 230,535,000

230M 99M
Nov 07, 2023

10-Q filing | 77.0M shares outstanding

77M 33M
Aug 08, 2023

10-Q filing | 76.8M shares outstanding

77M 33M
May 09, 2023

10-Q filing | 76.7M shares outstanding

77M 33M
Mar 01, 2023

10-K filing | 75.6M shares outstanding

76M 34M
Nov 09, 2022

10-Q filing | 75.8M shares outstanding

76M 34M
Aug 09, 2022

10-Q filing | 75.5M shares outstanding

75M 34M
Aug 03, 2022

8-K filing: Celsius Holdings, Inc. entered into a securities purchase agreement with PepsiCo, Inc. to sell 1,466,666 shares of Series A Convertible Preferred Stock for $550,000,000, convertible into common stock at a rate of five shares of common stock for each share of preferred stock. ($550.0M proceeds)

75M 35M
May 10, 2022

10-Q filing | 75.2M shares outstanding

75M 35M
Mar 16, 2022

10-K filing | 73.8M shares outstanding

74M 36M
Nov 12, 2021

10-Q filing | 74.6M shares outstanding

75M 35M
Aug 12, 2021

10-Q filing | 73.2M shares outstanding

73M 37M
May 13, 2021

10-Q filing | 72.5M shares outstanding

73M 37M
Mar 11, 2021

10-K filing | 74.4M shares outstanding

74M 35M
Feb 10, 2021

S-3 filing: This S-3 filing relates to the proposed resale from time to time of up to an aggregate of 37,792,209 shares of common stock of Celsius Holdings, Inc. by the selling shareholders named in this prospectus.

73M 37M
Nov 12, 2020

10-Q filing | 70.5M shares outstanding

70M 1.7M
Sep 17, 2020

S-3 filing: This prospectus relates to the proposed resale from time to time of up to an aggregate of 2,745,098 shares of common stock of Celsius Holdings, Inc. by the selling shareholders named in this prospectus.

72M 550K
Aug 20, 2020

8-K filing: Celsius entered into an agreement for a direct private investment of $22 million from two institutional investors, involving the issuance and sale of 1,437,909 shares of common stock at $15.30 per share by the Company, and an aggregate of 1,307,189 shares sold by various affiliates at the same price. ($42.0M proceeds)

69M 0
Aug 06, 2020

10-Q filing | 69.4M shares outstanding

69M 0
May 12, 2020

10-Q filing | 69.3M shares outstanding

69M 0
Mar 12, 2020

10-K filing | 64.2M shares outstanding

64M 0
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