As of Q4'25, CELH's current contract liabilities stand at USD 26.99M, marking a sharp decrease from the previous quarter's USD 412.99M. This latest data point represents a significant drop following an unusual spike in Q3'25. From Q1'23 through Q2'24, current contract liabilities exhibited a steady, gradual decline from USD 184.84M to USD 171.98M. The trend continued with minor decreases until Q1'25, after which a notable surge occurred in Q3'25, reaching USD 412.99M—an anomaly compared to the prior quarters. This spike was immediately followed by a dramatic reduction in Q4'25, suggesting a one-off event or adjustment in contract obligations during the latter half of 2025. The overall trend from Q1'23 to Q4'25 is characterized by stability, interrupted by a brief period of extreme volatility.