
Rockstar Energy is owned by Celsius Holdings, Inc. (NASDAQ: CELH) in the U.S. and Canada, and by PepsiCo, Inc. (NASDAQ: PEP) internationally. Celsius acquired the U.S. and Canadian rights from PepsiCo on August 28, 2025. Rockstar was founded in 2001 by Russell Weiner and acquired by PepsiCo in 2020 for $3.85 billion. Celsius Holdings reported $2.5 billion in total revenue for 2025, with Rockstar contributing $55.6 million. PepsiCo owns approximately 11% of Celsius Holdings and serves as primary distributor.
Parent Company
Acquired
2025
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Rockstar Energy | Celsius Holdings, Inc. | Wholly owned |
Rockstar Energy was founded in 2001 by Russell Weiner, who developed the brand to compete in the growing energy drink market. Weiner, the son of conservative talk radio host Michael Weiner (known as Michael Savage), positioned Rockstar as a larger-format alternative to Red Bull, offering 16-ounce cans at a competitive price point. The brand quickly gained popularity through its association with action sports, music culture, and edgy marketing campaigns.
Throughout the 2000s and 2010s, Rockstar Energy expanded globally and became one of the three major energy drink brands alongside Red Bull and Monster Energy. The brand sponsored extreme sports events, music festivals, and motorsports, building a strong following among young consumers and action sports enthusiasts. Rockstar's marketing focused on subcultures including motocross, BMX, skateboarding, and heavy metal music.
In March 2020, PepsiCo acquired Rockstar Energy for $3.85 billion, bringing the brand into PepsiCo's extensive beverage portfolio. The acquisition was part of PepsiCo's strategy to compete more aggressively in the energy drink category. Under PepsiCo's ownership, Rockstar underwent a brand redesign that simplified its visual identity and targeted a broader, more modern consumer base. However, Rockstar's market share declined during this period as new entrants like Celsius and Alani Nu attracted consumers seeking better-for-you energy drinks.
On August 28, 2025, Celsius Holdings acquired the U.S. and Canadian rights to Rockstar Energy from PepsiCo as part of a broader strategic partnership. The deal also included PepsiCo's $585 million investment in Celsius Holdings preferred stock and the transfer of Celsius's Alani Nu brand into PepsiCo's distribution system. PepsiCo retained ownership of the Rockstar brand internationally.
Following the acquisition, Celsius Holdings launched a new "Live Loud" brand identity for Rockstar in late 2025, bringing back yellow as the brand's key color and returning to a disruptive ethos. The rebranding aimed to reinvigorate Rockstar by reconnecting with its traditional energy drink audience, which skews more male and down-market compared to Celsius's fitness-focused demographic. CMO Rishi Daing described Rockstar as having "incredible brand value" that was "so much higher than its market share."
Rockstar returned to NASCAR in 2025 with a multiyear partnership with driver Tyler Reddick and 23XI Racing, the team co-founded by Michael Jordan. The brand also sponsored music festivals including Sick New World in Las Vegas, Sonic Temple in Columbus, Ohio, and Kilby Block Party in Salt Lake City, focusing on subculture events rather than mainstream festivals.
Is Celsius Holdings owned by another company?
No, Celsius Holdings is an independent, publicly traded company listed on NASDAQ under the ticker CELH. PepsiCo holds approximately 11% of the company through convertible preferred stock investments totaling $1.135 billion ($550 million in 2022 and $585 million in 2025), and has the right to nominate one director to the board. However, Celsius Holdings maintains operational independence with its own management team and strategic direction. The company is a component of the S&P 400 index.
Is Celsius Holdings publicly traded?
Yes, Celsius Holdings is publicly traded on the NASDAQ stock exchange under the ticker symbol CELH. The company uplisted to NASDAQ from the OTCQX Best Market on May 24, 2017, at a share price of $4.04 and a market capitalisation of approximately $170 million. As of February 23, 2026, there were 256,975,993 shares outstanding. The aggregate market value of common stock held by non affiliates was approximately $9.7 billion as of June 30, 2025.
When was Celsius Holdings founded?
Celsius Holdings was founded in 2004 in Delray Beach, Florida, as Elite FX. The Celsius beverage concept was created by nutrition industry entrepreneur Greg Horn in 2003 and licensed to Elite FX. The company was co founded by Steve Haley, a retired software company CEO, along with Irina Lorenzi and others. The first Celsius energy drink was launched in Sweden in 2009.
Who created Celsius Holdings?
The Celsius beverage concept was created by Greg Horn, a nutrition industry entrepreneur, in 2003. Horn formulated the first CELSIUS fitness drink and co founded the company that would become Celsius Holdings in 2004 with Steve Haley, who came out of retirement to lead the venture, and Irina Lorenzi. The company was originally named Elite FX and was based in Delray Beach, Florida.
What is Celsius Holdings' revenue and profit?
For full year 2025, Celsius Holdings reported record revenue of $2.52 billion, up 86% from $1.36 billion in 2024. Net income was $108.0 million, down 26% from $145.1 million, primarily due to $327 million in distributor termination costs and $60 million in acquisition related expenses. Adjusted EBITDA was $619.6 million, up 142%, and adjusted diluted EPS was $1.34, up 91%. Gross margin was 50.4%.
What brands does Celsius Holdings own?
Celsius Holdings owns three energy drink brands: CELSIUS, its flagship fitness energy brand with FY2025 revenue of $1,457.7 million; Alani Nu, a female focused better for you energy brand acquired in April 2025 for $1.8 billion, with FY2025 revenue of $1,001.9 million; and Rockstar Energy, a classic energy brand acquired from PepsiCo in August 2025 for the U.S. and Canada market, with FY2025 revenue of $55.6 million.
What is the PepsiCo relationship with Celsius Holdings?
PepsiCo is both a major shareholder and the primary distributor of Celsius Holdings. PepsiCo invested $550 million in August 2022 for approximately 8.5% ownership, and an additional $585 million in August 2025, increasing its stake to approximately 11%. PepsiCo serves as the primary U.S. distributor for all three Celsius Holdings brands through its direct store delivery network. Celsius Holdings is designated as PepsiCo's energy category captain in the U.S., managing strategic direction for CELSIUS, Alani Nu, and Rockstar Energy. Sales to PepsiCo constituted 43.2% of total revenue in 2025.
What is Celsius Holdings' market position?
Celsius Holdings reached approximately 20% dollar share of the U.S. energy drink category in Q4 2025, making it one of the top three energy drink companies in the United States by market share. The company competes directly with Red Bull and Monster Beverage. The CELSIUS brand was ranked as the third largest energy drink brand in the U.S. by sales, while the acquisition of Alani Nu and Rockstar Energy expanded the company's total energy portfolio to cover fitness, lifestyle, and classic energy segments.
Rockstar Energy operates under Celsius Holdings' sustainability framework. Celsius Holdings does not directly manufacture products but relies on third-party co-packers selected based on their environmental performance and sustainability initiatives. The company works with co-packers who demonstrate strong environmental stewardship and sustainable manufacturing processes.
Rockstar Energy uses recyclable aluminum cans for its products. Celsius Holdings has committed to exploring packaging innovations and material selection to minimize environmental impact. The company tracks and reports on greenhouse gas emissions reduction efforts as part of its overall ESG strategy.
Rockstar Energy does not hold independent sustainability certifications. The brand's environmental practices are governed by Celsius Holdings' corporate policies. Consumers seeking independently verified sustainability data should consult Celsius Holdings' ESG reports.
On marketing ethics, Rockstar Energy adheres to FDA regulations regarding caffeine content disclosure and labeling requirements. The brand's marketing targets adults, particularly males ages 25 to 35, through action sports and music subcultures. The "Live Loud" campaign focuses on subculture events rather than mainstream festivals, sponsoring smaller music festivals with a hard rock bent and returning to NASCAR with a partnership with driver Tyler Reddick and 23XI Racing.
Celsius Holdings maintains supplier codes of conduct covering labor practices, environmental compliance, and quality standards for all manufacturing partners. The company sources ingredients and packaging materials from suppliers who meet environmental and ethical standards.
Rockstar Energy has been recognized throughout its 24-year history for its marketing and cultural impact within the energy drink industry. The brand's association with action sports, music festivals, and motorsports has been acknowledged for effectively reaching target demographics and building strong brand loyalty.
The "Live Loud" rebranding campaign launched in 2025 received significant industry attention, with Marketing Dive covering the strategy in detail. CMO Rishi Daing's approach to turning "latent brand value into market share" was recognized as a notable case study in brand revitalization within the beverage industry.
Rockstar's return to NASCAR in 2025 with a multiyear partnership with Tyler Reddick and 23XI Racing, the team co-founded by Michael Jordan, was widely covered in sports and marketing media. The partnership connected the brand with a broader motorsports audience and marked Rockstar's first NASCAR sponsorship in over a decade.
Rockstar's music festival strategy, focusing on subculture events like Sick New World, Sonic Temple, and Kilby Block Party rather than mainstream festivals, has been noted as an authentic approach to reaching the brand's core demographic of traditional energy drink consumers.
As part of Celsius Holdings, the combined energy portfolio achieved approximately 20 percent dollar share of the U.S. energy drink market in Q4 2025, making it the number two growth portfolio in the ready-to-drink energy category.
Rockstar Energy has faced regulatory scrutiny and consumer safety concerns, particularly related to its high caffeine content and potential health effects.
FDA Adverse Event Reports: Federal health regulators have documented at least 13 adverse event reports filed on behalf of consumers who suffered serious health problems after drinking Rockstar energy drinks since 2006. The FDA released this information as part of an ongoing investigation into the potential side effects of energy drinks, which contain high amounts of caffeine and other stimulants. These reports are part of broader industry-wide concerns, with nearly 100 adverse event reports involving 5-Hour Energy and 37 involving Monster Energy.
Health Claim Scrutiny: Like other energy drink manufacturers, Rockstar has faced scrutiny regarding health claims and marketing practices. The company has been required to ensure compliance with FDA regulations regarding caffeine content disclosure and health warning requirements. Energy drink manufacturers have faced pressure to provide transparent labeling of caffeine content and potential health effects.
Marketing to Young Consumers: Rockstar's marketing to young consumers and association with extreme sports has drawn criticism from health advocates and regulatory bodies. The brand's promotional strategies have been scrutinized for potentially encouraging excessive consumption among vulnerable demographics. The "Live Loud" campaign's focus on music subcultures and NASCAR aims to reach adult consumers while maintaining the brand's edgy identity.
Market Share Decline Under PepsiCo: During PepsiCo's ownership (2020-2025), Rockstar's market share declined despite a brand redesign that attempted to target a broader, more modern consumer base. The decline reflected broader shifts in the energy drink category toward better-for-you and functional beverages, as well as increased competition from brands like Celsius and Alani Nu. The sale to Celsius Holdings in 2025 was partly a response to this declining performance.
Regulatory Compliance: Rockstar Energy maintains compliance with FDA regulations regarding caffeine content limits, ingredient disclosure, and labeling requirements. The company has adapted its formulations and marketing practices to meet evolving regulatory standards in the energy drink industry. Celsius Holdings continues this compliance framework under its ownership.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Coca Cola Company | USA | 1999 | Mass market | Global | All Genders | |
| Authentic Brands Group | USA | 1992 | Premium | Global | Mens | |
| Coca Cola Company | USA | 1945 | Mass market | Global | All-consumers | |
| Authentic Brands Group | USA | 2000 | Mid market | Global | Unisex | |
| Celsius Holdings | USA | 2018 | Premium | United states | Womens |
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Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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