NYSE : PSQH
PSQ Holdings, Inc. — Financial statements
Technology · Software - Application · United States
Last price 2.77 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.32M
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Financial statements
PSQ Holdings, Inc. (PSQH) reported revenue of 27.03M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 27.03M | 18.22M | 10.06M | 5.69M | 475.18K | 8.84K |
| Cost of Revenue | 10.52M | 5.60M | 438.14K | 3.80M | 716.10K | 124.98K |
| Gross Profit | 16.50M | 12.62M | 9.62M | 1.89M | -240.93K | -116.13K |
| Selling, General & Admin | 33.98M | 34.38M | 44.79M | 27.32M | 4.57M | 1.20M |
| Research & Development | 3.24M | 3.84M | 1.89M | 4.63M | 1.45M | 846.75K |
| Operating Expenses | 44.40M | 44.11M | 49.03M | 34.39M | 6.86M | 2.17M |
| Operating Income | -27.90M | -31.49M | -39.41M | -32.50M | -7.10M | -2.29M |
| Interest Expense | -3.69M | -3.51M | -2.30M | -177.44K | ||
| Interest & Investment Income | 987.98K | 987.98K | 419.05K | 591.00 | 1.00 | |
| Other Non Operating Income (Expenses) | 1.32M | 8.96M | -56.00K | -972.69K | 118.16K | |
| EBT Excluding Unusual Items | -29.29M | -25.06M | -41.34M | -33.65M | -6.98M | -2.29M |
| Merger & Restructuring Charges | -2.30M | -6.85M | ||||
| Asset Writedown | -466.04K | -466.04K | ||||
| Other Unusual Items | 689.00K | 630.00K | 40.00K | -12.83M | ||
| Pretax Income | -29.07M | -24.90M | -43.60M | -53.33M | -6.98M | -2.29M |
| Income Tax Expense | -5.18K | 1.60K | 1.95K | 800.00 | ||
| Earnings From Continuing Operations | -29.06M | -24.90M | -43.60M | -53.33M | -6.98M | -2.29M |
| Earnings From Discontinued Operations | -6.81M | -11.72M | -14.09M | |||
| Net Income | -35.87M | -36.61M | -57.69M | -53.33M | -6.98M | -2.29M |
| Net Income to Common | -35.87M | -36.61M | -57.69M | -53.33M | -6.98M | -2.29M |
| Shares Outstanding (Basic) | 3.38M | 3.04M | 2.13M | 1.46M | 766.44K | 26.05K |
| Shares Outstanding (Diluted) | 3.38M | 3.04M | 2.13M | 1.46M | 766.44K | 26.05K |
| EPS (Basic) | -10.63 | -12.06 | -27.02 | -36.42 | -9.11 | -87.78 |
| EPS (Diluted) | -10.63 | -12.06 | -27.02 | -36.42 | -9.11 | -87.78 |
| Free Cash Flow | -15.13M | -19.94M | -34.13M | -25.88M | -6.06M | -2.02M |
| Free Cash Flow Per Share | -4.48 | -6.57 | -15.99 | -17.67 | -7.91 | -77.64 |
| Gross Margin | 61.06% | 69.25% | 95.64% | 33.20% | -50.70% | |
| Operating Margin | -103.23% | -172.86% | -391.66% | -571.58% | -1,493.45% | -25,856.07% |
| Profit Margin | -132.73% | -200.95% | -573.37% | -937.91% | -1,468.63% | -25,856.06% |
| Free Cash Flow Margin | -55.97% | -109.45% | -339.22% | -455.10% | -1,276.18% | -22,870.00% |
| EBITDA | -20.62M | -24.88M | -36.15M | -30.06M | -6.25M | -2.17M |
| EBITDA Margin | -76.27% | -136.56% | ||||
| D&A For EBITDA | 7.29M | 6.61M | 3.26M | 2.44M | 842.20K | 118.67K |
| EBIT | -27.90M | -31.49M | -39.41M | -32.50M | -7.10M | -2.29M |
| EBIT Margin | -103.23% | -172.86% | ||||
| Revenue as Reported | 475.18K | |||||
| Advertising Expenses | 500.00K | 1.10M | 3.10M | 741.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.74M | 14.64M | 35.73M | 16.45M | 2.33M | 399.40K |
| Cash & Short-Term Investments | 6.74M | 14.64M | 35.73M | 16.45M | 2.33M | 399.40K |
| Accounts Receivable | 1.67M | 1.79M | 262.08K | 204.88K | ||
| Other Receivables | 270.72K | 250.45K | 314.10K | |||
| Receivables | 9.25M | 8.19M | 4.56M | 204.88K | ||
| Inventory | 1.44M | |||||
| Prepaid Expenses | 1.94M | 2.05M | 2.26M | 3.08M | 289.38K | 32.15K |
| Restricted Cash | 1.55M | 1.12M | 265.25K | |||
| Other Current Assets | 3.85M | 5.77M | 4.02M | |||
| Total Current Assets | 23.33M | 31.77M | 46.84M | 21.17M | 2.62M | 431.56K |
| Property, Plant & Equipment | 645.89K | 856.62K | 550.14K | 451.38K | 320.24K | |
| Goodwill | 10.93M | 10.93M | 10.93M | |||
| Other Intangible Assets | 12.80M | 14.57M | 14.64M | 3.56M | 1.27M | 582.26K |
| Other Long-Term Assets | 182.27K | 359.40K | 1.20M | 63.55K | 7.96K | 2.50K |
| Total Assets | 49.23M | 59.68M | 74.89M | 25.25M | 4.22M | 1.02M |
| Accounts Payable | 4.82M | 5.35M | 2.87M | 1.83M | 424.06K | 143.34K |
| Accrued Expenses | 1.01M | 1.21M | 784.72K | 1.08M | 41.49K | 12.47K |
| Short-Term Debt | 7.35M | 6.17M | 3.78M | |||
| Current Portion of Leases | 321.50K | 323.84K | 122.59K | 310.91K | 169.28K | |
| Current Income Taxes Payable | 124.25K | |||||
| Current Unearned Revenue | 225.15K | 49.65K | ||||
| Other Current Liabilities | 2.36M | 2.61M | 1.07M | 440.16K | ||
| Total Current Liabilities | 15.86M | 15.67M | 8.62M | 4.01M | 684.49K | 155.81K |
| Long-Term Debt | 28.45M | 28.45M | 28.45M | |||
| Long-Term Leases | 200.12K | 354.29K | 163.72K | 16.46K | 129.76K | |
| Other Long-Term Liabilities | 536.00K | 1.77M | 10.81M | 10.79M | ||
| Total Liabilities | 45.04M | 46.24M | 48.04M | 14.81M | 814.25K | 155.81K |
| Common Stock | 336.00 | 4.97K | 4.28K | 2.76K | 1.50K | 486.00 |
| Additional Paid-In Capital | 172.77M | 169.94M | 146.75M | 72.64M | 12.38M | 2.80M |
| Retained Earnings | -168.59M | -156.51M | -119.90M | -62.21M | -8.88M | -1.91M |
| Comprehensive Income & Other | -99.61K | -34.60K | ||||
| Shareholders' Equity | 4.19M | 13.44M | 26.85M | 10.43M | 3.40M | 860.50K |
| Total Liabilities & Equity | 49.23M | 59.68M | 74.89M | 25.25M | 4.22M | 1.02M |
| Total Debt | 36.32M | 35.30M | 32.51M | 327.37K | 299.04K | |
| Net Cash (Debt) | -29.58M | -20.66M | 3.21M | 16.12M | 2.03M | 399.40K |
| Net Cash Per Share | -8.76 | -6.80 | 1.51 | 11.01 | 2.65 | 15.33 |
| Filing Date Shares Outstanding | 3.37M | 3.25M | 2.86M | 1.89M | 51.41K | 26.05K |
| Total Common Shares Outstanding | 3.35M | 3.31M | 2.85M | 1.84M | 51.41K | 26.05K |
| Working Capital | 7.47M | 16.10M | 38.21M | 17.17M | 1.94M | 275.75K |
| Book Value Per Share | 1.25 | 4.05 | 9.41 | 5.67 | 66.16 | 33.03 |
| Tangible Book Value | -19.55M | -12.07M | 1.28M | 6.88M | 2.13M | 278.25K |
| Tangible Book Value Per Share | -5.83 | -3.64 | 0.45 | 3.73 | 41.50 | 10.68 |
| Machinery | 142.99K | 29.93K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -35.87M | -36.61M | -57.69M | -53.33M | -6.98M | -2.29M |
| Depreciation & Amortization | 7.29M | 6.61M | 3.26M | 2.44M | 895.03K | 118.67K |
| Loss (Gain) From Sale of Assets | -7.09M | -4.48M | -4.00M | |||
| Asset Writedown & Restructuring Costs | 4.06M | 4.06M | ||||
| Loss (Gain) From Sale of Investments | 169.61K | 732.39K | -173.64K | |||
| Stock-Based Compensation | 9.82M | 10.77M | 20.72M | 6.71M | ||
| Other Operating Activities | -2.63M | -9.33M | 393.18K | 14.42M | ||
| Change in Accounts Receivable | -1.05M | -1.26M | -242.94K | -204.88K | ||
| Change in Inventory | 481.89K | -1.81K | -1.22M | -1.44M | ||
| Change in Accounts Payable | 2.88M | 2.71M | -1.74M | 2.71M | 280.73K | 172.00K |
| Change in Unearned Revenue | -1.38M | 1.35M | -171.48K | 175.49K | 49.65K | |
| Change in Other Net Operating Assets | 773.62K | 565.91K | 774.18K | 2.93M | -280.99K | -26.61K |
| Operating Cash Flow | -15.13M | -19.94M | -34.13M | -25.76M | -6.03M | -2.02M |
| Capital Expenditures | -113.06K | -29.93K | ||||
| Cash Acquisitions | 141.22K | |||||
| Sale (Purchase) of Intangibles | -2.52M | -3.35M | -3.68M | -3.38M | -1.52M | -817.38K |
| Investment in Securities | 173.64K | |||||
| Other Investing Activities | -723.09K | -3.34M | ||||
| Investing Cash Flow | -8.50M | -10.49M | -3.02M | -3.32M | -1.55M | -817.38K |
| Short-Term Debt Issued | 11.92M | 7.02M | ||||
| Long-Term Debt Issued | 20.00M | 22.50M | ||||
| Total Debt Issued | 15.08M | 11.92M | 27.02M | 22.50M | ||
| Short-Term Debt Repaid | -9.52M | -8.56M | ||||
| Total Debt Repaid | -11.74M | -9.52M | -8.56M | |||
| Net Debt Issued (Repaid) | 3.34M | 2.40M | 18.46M | 22.50M | ||
| Issuance of Common Stock | 7.81M | 7.92M | 39.30M | 2.60M | 9.52M | 3.32M |
| Repurchase of Common Stock | -468.98K | |||||
| Other Financing Activities | -75.55K | -365.52K | 18.10M | |||
| Financing Cash Flow | 11.08M | 9.96M | 57.29M | 43.20M | 9.52M | 3.32M |
| Net Cash Flow | -12.55M | -20.47M | 20.14M | 14.12M | 1.93M | 479.28K |
| Free Cash Flow | -15.13M | -19.94M | -34.13M | -25.88M | -6.06M | -2.02M |
| Free Cash Flow Margin | -55.97% | -109.45% | -339.22% | -455.10% | -1,276.18% | -22,870.00% |
| Free Cash Flow Per Share | -4.48 | -6.57 | -15.99 | -17.67 | -7.91 | -77.64 |
| Levered Free Cash Flow | -8.29M | -9.41M | -11.12M | -16.03M | -4.99M | |
| Unlevered Free Cash Flow | -5.98M | -7.21M | -9.68M | -15.92M | -4.99M | |
| Cash Interest Paid | 3.51M | 3.51M | 2.30M | |||
| Change in Working Capital | 1.70M | 3.36M | -2.60M | 4.17M | 49.40K | 145.39K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.76M | 51.20M | 193.30M | 144.75M | ||
| Enterprise Value | 39.34M | 74.35M | 220.50M | 119.66M | ||
| Last Close Price | 2.77 | 15.45 | 68.10 | 78.60 | 149.10 | 144.60 |
| PS Ratio | 0.34 | 2.81 | 19.21 | 25.46 | ||
| PB Ratio | 2.22 | 3.81 | 7.20 | 13.87 | ||
| P/TBV Ratio | 150.63 | 21.05 | ||||
| EV/Sales Ratio | 1.44 | 4.08 | 21.92 | 21.05 | ||
| Debt / Equity Ratio | 8.68 | 2.63 | 1.21 | 0.03 | 0.09 | |
| Net Debt / Equity Ratio | 7.07 | 1.54 | -0.12 | -1.54 | -0.60 | -0.46 |
| Net Debt / EBITDA Ratio | -1.44 | -0.83 | 0.09 | 0.54 | 0.33 | 0.18 |
| Net Debt / FCF Ratio | -1.96 | -1.04 | 0.09 | 0.62 | 0.34 | 0.20 |
| Asset Turnover | 0.47 | 0.27 | 0.20 | 0.39 | 0.18 | |
| Quick Ratio | 0.55 | 1.06 | 4.21 | 4.16 | 3.40 | 2.56 |
| Current Ratio | 1.47 | 2.03 | 5.43 | 5.29 | 3.83 | 2.77 |
| Return on Equity (ROE) | -218.20% | -123.60% | -233.89% | -770.91% | -327.48% | |
| Return on Assets (ROA) | -30.41% | -29.25% | -49.19% | -137.89% | -169.55% | |
| Return on Capital Employed (ROCE) | -83.60% | -71.60% | -59.50% | -153.00% | -201.00% | -265.70% |
| Earnings Yield | -366.40% | -71.51% | -29.84% | -36.84% | ||
| FCF Yield | -162.26% | -38.95% | -17.66% | -17.88% | ||
| Buyback Yield / Dilution | -29.47% | -42.22% | -45.78% | -91.05% | -2,842.32% |