PSQHX · Psq Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.16M | - | $4.40M | $7.08M | $6.75M | - | $2.03M | $5.99M | $3.47M | - |
| Cost of Revenue | - | - | - | - | - | - | $903.7K | $1.44M | - | - |
| Gross Profit | - | - | - | - | - | - | $4.16M | $4.02M | - | - |
| R&D | $624.1K | - | $1.24M | $1.30M | $1.44M | - | $973.5K | $288.5K | $1.14M | - |
| SG&A | $6.62M | - | $8.14M | $5.98M | $10.52M | - | $12.30M | $10.99M | $10.26M | - |
| Total Operating Expenses | $14.29M | - | $14.10M | $15.14M | $18.44M | - | $3.50M | $7.72M | $18.37M | - |
| D&A | $1.21M | - | $1.70M | $1.68M | $1.21M | - | $975.1K | $699.2K | $296.6K | - |
| Operating Income | ($6.13M) | - | ($9.70M) | ($8.06M) | ($11.69M) | - | ($14.69M) | ($14.03M) | ($14.91M) | - |
| Interest Expense | - | - | - | - | - | - | $756.8K | $155.9K | ($124.2K) | - |
| Income Tax | $0 | - | ($8.2K) | ($63) | $8.2K | - | ($12.4K) | $14.0K | ($419) | - |
| Net Income | ($6.45M) | - | ($11.98M) | ($8.37M) | ($4.45M) | - | ($13.14M) | ($11.24M) | ($12.58M) | - |
| EPS - Basic | ($0.12) | - | ($0.26) | ($0.18) | ($0.10) | - | ($0.41) | ($1.18) | ($0.44) | - |
| EPS - Diluted | ($0.12) | - | ($0.26) | ($0.18) | ($0.10) | - | ($0.41) | ($1.18) | ($0.47) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.06M | $14.64M | $10.60M | $20.58M | $28.04M | $36.32M | $4.71M | $6.17M | $9.11M | $16.45M |
| Accounts Receivable | $1.93M | $1.63M | $182.6K | $623.5K | $674.4K | $447.8K | $622.4K | $340.6K | $204.9K | $204.9K |
| Inventory | - | - | - | $2.54M | $2.43M | $2.66M | $1.50M | $1.28M | $1.21M | $1.44M |
| Accounts Payable | $5.15M | $5.35M | $2.27M | $2.85M | $3.10M | $3.50M | $3.66M | $3.92M | $6.59M | $1.83M |
| Current Assets | $27.42M | $31.77M | $30.48M | $32.18M | $38.75M | $46.84M | $15.96M | $16.85M | $19.83M | $21.17M |
| Total Assets | $54.35M | $59.68M | $58.83M | $65.45M | $66.15M | $74.89M | $44.25M | $45.06M | $48.63M | $25.25M |
| Current Liabilities | $16.24M | $15.67M | $12.02M | $10.85M | $8.57M | $8.62M | $8.42M | $9.04M | $13.21M | $4.01M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $46.03M | $46.24M | $43.94M | $43.00M | $40.13M | $48.04M | $39.84M | $32.83M | $30.34M | $14.81M |
| Stockholders' Equity | $8.33M | $13.44M | $14.89M | $22.45M | $26.03M | $26.85M | $4.40M | $12.23M | $18.29M | $10.43M |
| Retained Earnings | ($162.97M) | ($156.51M) | ($144.70M) | ($132.71M) | ($124.35M) | ($119.90M) | ($99.16M) | ($86.03M) | ($74.79M) | ($62.21M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.13M) | - | - | - | ($6.43M) | - | - | - | ($6.52M) | - |
| Investing Cash Flow | ($1.36M) | - | - | - | ($1.81M) | - | - | - | ($358.6K) | - |
| Financing Cash Flow | $1.21M | - | - | - | ($72.9K) | - | - | - | ($215.9K) | - |
| CapEx | - | - | - | - | - | - | - | - | $13.7K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($6.54M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | 204.8% | 67.1% | - | - |
| Operating margin | -75.2% | - | -220.1% | -113.7% | -173.2% | - | -723.4% | -234.4% | -430.1% | - |
| EBITDA margin | -60.3% | - | -181.5% | -90.0% | -155.2% | - | -675.4% | -222.8% | -421.6% | - |
| Net margin | -79.1% | - | -272.0% | -118.1% | -65.9% | - | -646.9% | -187.7% | -362.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -188.7% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 0.52 | - |
| R&D / Revenue | 7.6% | - | 28.2% | 18.4% | 21.3% | - | 47.9% | 4.8% | 32.9% | - |
| SG&A / Revenue | 81.1% | - | 184.9% | 84.4% | 155.9% | - | 605.4% | 183.7% | 296.1% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -11.9% | - | -20.4% | -12.8% | -6.7% | - | -29.7% | -24.9% | -25.9% | - |
| Return on equity | -77.5% | - | -80.5% | -37.3% | -17.1% | - | -298.4% | -91.9% | -68.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.69 | 2.03 | 2.54 | 2.97 | 4.52 | 5.43 | 1.90 | 1.87 | 1.50 | 5.29 |
| Quick ratio | 1.69 | 2.03 | 2.54 | 2.73 | 4.24 | 5.12 | 1.72 | 1.72 | 1.41 | 4.93 |
| Cash ratio | 0.62 | 0.93 | 0.88 | 1.90 | 3.27 | 4.21 | 0.56 | 0.68 | 0.69 | 4.11 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | -19.4x | -90.0x | 120.1x | - |
| Equity multiplier | 6.53 | 4.44 | 3.95 | 2.92 | 2.54 | 2.79 | 10.05 | 3.68 | 2.66 | 2.42 |
| Liabilities / Assets | 0.85 | 0.77 | 0.75 | 0.66 | 0.61 | 0.64 | 0.90 | 0.73 | 0.62 | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.07 | 0.11 | 0.10 | - | 0.05 | 0.13 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | 0.60 | 1.13 | - | - |
| Days sales outstanding | 86d | - | 15d | 32d | 36d | - | 112d | 21d | 22d | - |
| Days inventory outstanding | - | - | - | - | - | - | 606d | 324d | - | - |
| Days payable outstanding | - | - | - | - | - | - | 1480d | 995d | - | - |
| Cash conversion cycle | - | - | - | - | - | - | -762d | -650d | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 20.9% | - | 116.9% | 18.3% | 94.7% | - | 0.0% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 47.5% | - | 34.0% | 42.6% | 21.6% | - | -13.2% | -396.0% | -862.2% | - |
| Net income growth (YoY) | -45.1% | - | 8.8% | 25.5% | 64.6% | - | 35.1% | -47.4% | -661.1% | - |
| EPS growth (YoY) | -20.0% | - | 36.6% | 84.7% | 78.7% | - | -127.8% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -68.0% | -50.0% | 238.2% | 83.6% | 42.3% | 157.3% | 411.7% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$18.22M totalPayments Revenue$5.58M · 30.6%
Lease And Loan Contracts Sold Net$4.48M · 24.6%
Property Plant And Equipment Lessor Asset Under Operating Lease$3.30M · 18.1%
Interest Income On Loans$2.56M · 14.0%
Direct Revenue$2.31M · 12.7%
Peer comparison
Same SIC group: Services-Advertising
Comparing PSQ Holdings against the 5 most active filers in the same SIC group.