SequelSEC

PSQ Holdings, Inc. PSQH

Services-Advertising · CIK 0001847064 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$18.22M
Fiscal year ended 2025-12-31
Operating income
-$31.96M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

PSQ Holdings, Inc. (PSQH) reported revenue of $18.22M and net income of -$36.61M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from PSQ Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Advertising.

Income

PSQ Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Revenue$18.22M$10.06M$5.69M$475.18K
Cost of revenueUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailable
Operating income-$31.96M-$41.70M-$39.35M-$7.10M
Net income-$36.61M-$57.69M-$53.33M-$6.98M
Research & development$3.84M$1.89M$4.63M$1.45M
Weighted-average diluted sharesshares 45.54Mshares 32.02Mshares 21.96Mshares 11.50M
Pretax income-$24.90M-$43.60M-$53.33M-$6.98M
Income tax expense$0$1.60K$1.94K$800
Diluted EPS$-0.81$-1.80$-2.43$-0.61
Selling, general & administrative$34.85M$47.08M$27.32M$4.57M
General & administrative$28.88M$38.80M$15.22M$2.02M
Selling & marketing$5.97M$8.28M$12.10M$2.55M

Balance

PSQ Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Cash & equivalents$14.64M$35.73M$16.45M$2.33M
Total assets$59.68M$74.89M$25.25M$4.22M
Current assets$31.77M$46.84M$21.17M$2.62M
Total liabilities$46.24M$48.04M$14.81M$814.25K
Current liabilities$15.67M$8.62M$4.01M$684.49K
Total equity incl. NCI$13.44M$26.85M$10.43M$3.40M
Temporary (mezzanine) equityUnavailableUnavailableUnavailable$173.03M
InventoryUnavailable$2.66M$1.44MUnavailable
Accounts receivable$1.63M$262.08K$204.88KUnavailable
Goodwill$10.93M$10.93M$0Unavailable
Long-term debtUnavailableUnavailableUnavailableUnavailable
Accounts payable$5.35M$2.87M$1.83M$424.06K

Cash flow

PSQ Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Operating cash flow-$19.94M-$34.13M-$25.76M-$6.03M
Capital expendituresUnavailable$0$113.06K$29.93K
Investing cash flow-$10.49M-$3.02M-$3.32M-$1.55M
Financing cash flow$9.96M$57.29M$43.20M$9.52M
Net change in cash-$20.47M$20.14M$14.12M-$645.89K
Stock-based compensation$10.77M$20.72M$6.71MUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$6.61M$3.26M$2.44M$842.20K

Derived

PSQ Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Free cash flowUnavailableUnavailable-$25.88M-$6.06M
Gross marginUnavailableUnavailableUnavailableUnavailable
Operating margin-175.4%-414.5%-692.0%-1493.5%
FCF marginUnavailableUnavailable-455.1%-1276.2%
SBC / revenue59.1%206.0%117.9%Unavailable
Current ratio2.03x5.43x5.29x3.83x
Revenue YoY growth81.1%76.9%1096.6%Unavailable
Net margin-200.9%-573.4%-937.9%-1468.6%
R&D / revenue21.1%18.8%81.4%304.4%
CapEx / revenueUnavailableUnavailable2.0%6.3%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PSQH in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-17View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-12View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2022-12-31

Difference 173034002 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.

cash flow reconciliationreview2022-12-31

Operating, investing and financing flows differ from the reported change in cash by 2576889, beyond tolerance 1000000.