PSQ Holdings, Inc. (PSQH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PSQH SEC filings page.
PSQ Holdings, Inc. (PSQH) reported $27.0M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is scaling, but losses and cash consumption persist while a thinner equity base makes the balance sheet more dependent on financing.
From FY2024 to FY2025, revenue increased81.1% while the net loss narrowed36.5% , showing operating improvement without reaching profitability. That progress reached cash conversion: operating cash outflow fell to$19.9M , yet the balance sheet became more equity-thin, making growth increasingly reliant on financing rather than internally generated funds.
The FY2025 net loss of
The debt-to-equity ratio reached 3.4x in FY2025 versus 1.8x a year earlier, while the current ratio fell to 2.0x. The combination points to a thinner balance-sheet cushion, even though the reported liquidity measure was 8.8 months of the latest annual operating outflow.
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of PSQ Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
PSQ Holdings, Inc. held $14.6M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $19.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and PSQ Holdings, Inc. scores 27/100 among other emerging companies.
Not available for PSQ Holdings, Inc., and counted as zero in the overall score.
PSQ Holdings, Inc. spent $3.8M on research and development in fiscal year 2025, which was 7.7% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and PSQ Holdings, Inc. scores 30/100 among other emerging companies.
PSQ Holdings, Inc. reported revenue of $18.2M in fiscal year 2025, against $10.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and PSQ Holdings, Inc. scores 83/100 among other emerging companies.
PSQ Holdings, Inc.'s operations used $19.9M of cash in fiscal year 2025, against $34.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and PSQ Holdings, Inc. scores 58/100 among other emerging companies.
PSQ Holdings, Inc.'s cash, cash equivalents and investments came to $14.6M at the end of fiscal year 2025, against $46.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and PSQ Holdings, Inc. scores 34/100 among other emerging companies.
PSQ Holdings, Inc. scores -4.62, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($14.3M) relative to total liabilities ($46.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
PSQ Holdings, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
PSQ Holdings, Inc. reported a net loss of $36.6M while operations used $19.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
PSQ Holdings, Inc. reported an operating loss of $32.0M against $3.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
PSQ Holdings, Inc. generated $7.1M in revenue in Q2 2026. This represents an increase of 107.8% from the same quarter a year earlier. Against the prior quarter it is down 12.6%.
PSQ Holdings, Inc.'s EBITDA was -$3.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.8% from the same quarter a year earlier. Against the prior quarter it is up 28.3%.
PSQ Holdings, Inc. reported -$5.6M in net income in Q2 2026. This represents an increase of 32.8% from the same quarter a year earlier. Against the prior quarter it is up 12.9%.
PSQ Holdings, Inc. earned -$1.54 per diluted share (EPS) in Q2 2026. This represents an increase of 44.6% from the same quarter a year earlier.
Cash & Balance Sheet
PSQ Holdings, Inc. held $6.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
PSQ Holdings, Inc.'s operating margin was -67.2% in Q2 2026, reflecting core business profitability. Against the prior quarter it is up 8.0 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
PSQ Holdings, Inc.'s net profit margin was -78.8% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 0.3 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
PSQ Holdings, Inc.'s ROE was -134.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 97.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 56.7 percentage points.
Not reported for Q2 2026.
Capital Allocation
PSQ Holdings, Inc. invested $759K in research and development in Q2 2026. This represents a decrease of 20.1% from the same quarter a year earlier. Against the prior quarter it is up 21.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
PSQH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.1M+107.8% | $8.2M+167.4% | $7.3M | $4.4M+37.3% | $3.4M-42.7% | $3.1M-12.0% | N/A | $3.2M+57.9% |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $609K+7.0% |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.6M+365.8% |
| R&D Expenses | $759K-20.1% | $624K-39.4% | $619K | $1.2M+204.1% | $951K-7.8% | $1.0M-9.8% | N/A | $408K-72.5% |
| SG&A Expenses | $5.6M+49.7% | $6.6M-19.9% | $8.7M | $8.1M-22.3% | $3.7M-66.1% | $8.3M-19.5% | N/A | $10.5M+143.3% |
| Operating Income | -$4.8M+7.9% | -$6.1M+34.2% | -$7.7M | -$9.7M+5.5% | -$5.2M+62.9% | -$9.3M+37.5% | N/A | -$10.3M+20.9% |
| EBITDA | -$3.1M+19.8% | -$4.3M+47.1% | -$5.4M | -$8.0M+16.1% | -$3.8M+70.7% | -$8.1M+44.5% | N/A | -$9.5M+22.0% |
| Interest Expense | $974K+12.2% | $947K+9.1% | $903K | $870K+14.9% | $868K+57.0% | $868K+799.4% | N/A | $757K+1520.8% |
| Income Tax | $0+100.0% | $0-100.0% | $3K | -$8K+34.3% | -$3K-121.8% | $8K+2066.6% | N/A | -$12K-4646.9% |
| Net Income | -$5.6M+32.8% | -$6.5M-45.1% | -$11.8M | -$12.0M+8.8% | -$8.4M+25.5% | -$4.4M+64.6% | N/A | -$13.1M+35.1% |
| EPS (Basic) | -$1.54+44.6% | -$0.12-20.0% | -$0.26+55.9% | -$0.26+36.6% | -$2.78-672.2% | -$0.10+77.3% | -$0.59-1080.0% | -$0.41+46.8% |
| EPS (Diluted) | -$1.54+44.6% | -$0.12-20.0% | -$0.26+55.9% | -$0.26+36.6% | -$2.78 | -$0.10 | -$0.59-1080.0% | -$0.41+46.8% |
| Diluted Shares (Avg) | 4M+20.6% | 54M+25.8% | N/A | 46M+45.0% | 3M | 43M | N/A | 32M+20.9% |
PSQH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $49.2M-24.8% | $54.4M-17.8% | $59.7M-20.3% | $58.8M+33.0% | $65.5M+45.3% | $66.2M+36.0% | $74.9M+196.6% | $44.2M+33.1% |
| Current Assets | $23.3M-27.5% | $27.4M-29.2% | $31.8M-32.2% | $30.5M+90.9% | $32.2M+90.9% | $38.7M+95.3% | $46.8M+121.2% | $16.0M-47.4% |
| Cash & Equivalents | $6.7M-63.6% | $10.1M-64.1% | $14.6M-59.0% | $10.6M+125.2% | $18.5M+142.7% | $28.0M+207.7% | $35.7M+117.2% | $4.7M-81.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | $2.5M+98.9% | $2.4M+101.5% | $2.7M+85.1% | $1.5M+1.7% |
| Accounts Receivable | $1.6M+158.5% | $1.9M+186.6% | $1.6M+522.3% | $183K-70.7% | $624K+83.1% | $674K+84.5% | $262K+27.9% | $622K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M | $10.9M |
| Total Liabilities | $45.0M+4.7% | $46.0M+14.7% | $46.2M-3.8% | $43.9M+10.3% | $43.0M+31.0% | $40.1M+32.3% | $48.0M+224.3% | $39.8M+83.2% |
| Current Liabilities | $15.9M+46.1% | $16.2M+89.5% | $15.7M+81.7% | $12.0M+42.7% | $10.9M+20.1% | $8.6M-35.1% | $8.6M+115.3% | $8.4M+163.6% |
| Non-Current Liabilities | $29.2M-9.2% | $29.8M-5.6% | $30.6M-22.4% | $31.9M+1.6% | $32.2M+35.1% | $31.6M+84.2% | $39.4M+264.8% | $31.4M+69.4% |
| Total Equity | $4.2M-81.4% | $8.3M-68.0% | $13.4M-50.0% | $14.9M+238.2% | $22.5M+83.6% | $26.0M+42.3% | $26.9M+157.3% | $4.4M-61.7% |
| Retained Earnings | -$168.6M-27.0% | -$163.0M-31.1% | -$156.5M-30.5% | -$144.7M-45.9% | -$132.7M-54.3% | -$124.3M-66.3% | -$119.9M-92.7% | -$99.2M-75.4% |
Not reported in any period shown, so not listed: Long-Term Debt.
PSQH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.3M+51.7% | -$4.1M+35.8% | -$2.6M+63.3% | -$6.1M+40.3% | -$4.9M+53.4% | -$6.4M+1.4% | -$7.0M+4.8% | -$10.2M-21.4% |
| Depreciation & Amortization | $1.7M+25.5% | $1.8M+52.6% | $1.9M+81.2% | $1.7M+133.0% | $1.4M+46.9% | $1.2M+308.3% | $1.1M+140.9% | $729K-4.0% |
| Stock-Based Compensation | N/A | $1.4M-62.3% | N/A | $4.4M-23.7% | -$70K-101.4% | $3.6M-38.5% | N/A | $5.8M+176.6% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$7.0M+4.8% | N/A |
| Investing Cash Flow | -$1.4M+53.2% | -$1.4M+24.7% | -$2.8M-33.9% | -$3.0M-201.2% | -$2.9M-803.7% | -$1.8M-404.1% | -$2.1M-42.0% | -$1.0M-110.7% |
| Financing Cash Flow | $193K-45.3% | $1.2M+1757.1% | $9.1M-77.2% | $552K-93.9% | $352K-95.8% | -$73K+66.2% | $40.0M+363501045.5% | $9.1M-49.7% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PSQH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 81.0%+53.5pp |
| Operating Margin | -67.2% | -75.2% | -105.7% | -220.1% | -151.6% | -305.4% | N/A | -319.9% |
| Net Margin | -78.8% | -79.1% | -161.2% | -272.0% | -243.8% | -145.8% | N/A | -409.6% |
| Return on Equity | -134.3%-97.0pp | -77.5%-60.4pp | -87.9% | -80.5%+217.9pp | -37.3%+54.6pp | -17.1%+51.7pp | N/A | -298.4%-122.5pp |
| Return on Assets | -11.4%+1.4pp | -11.9%-5.2pp | -19.8% | -20.4%+9.3pp | -12.8%+12.2pp | -6.7%+19.1pp | N/A | -29.7%+31.2pp |
| Current Ratio | 1.47-1.5x | 1.69-2.8x | 2.03-3.4x | 2.54+0.6x | 2.97+1.1x | 4.52+3.0x | 5.43+0.1x | 1.90-7.6x |
| Debt-to-Equity | 10.76+8.8x | 5.53+4.0x | 3.44+1.7x | 2.95-6.1x | 1.92-0.8x | 1.54-0.1x | 1.79+0.4x | 9.05+7.2x |
| Asset Turnover | 0.14+0.1x | 0.15+0.1x | 0.12 | 0.070.0x | 0.05-0.1x | 0.050.0x | N/A | 0.070.0x |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PSQ Holdings, Inc. PSQH | FY2025 | $18.2M | -$36.6M | N/A | $14.3M | 39/100 |
| LivePerson Inc LPSN | FY2025 | $243.7M | -$67.2M | -27.6% | $38.2M | 15/100 |
| TRILLER GROUP INC ILLR | FY2025 | $21.6M | -$174.5M | N/A | $3.6M | 25/100 |
| RESEARCH SOLUTIONS INC RSSS | FY2026 | $48.3M | $2.8M | 5.8% | $67.5M | 43/100 |
| Upland Software, Inc. UPLD | FY2025 | $216.9M | $40.4M | 18.6% | $10.6M | 23/100 |
Where PSQ Holdings, Inc. Ranks
Frequently Asked Questions
What is PSQ Holdings, Inc.'s annual revenue?
PSQ Holdings, Inc. (PSQH) reported $18.2M in total revenue for fiscal year 2025. This represents a 81.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is PSQ Holdings, Inc.'s revenue growing?
PSQ Holdings, Inc. (PSQH) revenue grew by 81.1% year-over-year, from $10.1M to $18.2M in fiscal year 2025.
Is PSQ Holdings, Inc. profitable?
No, PSQ Holdings, Inc. (PSQH) reported a net income of -$36.6M in fiscal year 2025.
What is PSQ Holdings, Inc.'s EBITDA?
PSQ Holdings, Inc. (PSQH) had EBITDA of -$25.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is PSQ Holdings, Inc.'s return on equity (ROE)?
PSQ Holdings, Inc. (PSQH) has a return on equity of -272.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is PSQ Holdings, Inc.'s operating cash flow?
PSQ Holdings, Inc. (PSQH) recorded an outflow of $19.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are PSQ Holdings, Inc.'s total assets?
PSQ Holdings, Inc. (PSQH) had $59.7M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does PSQ Holdings, Inc. spend on research and development?
PSQ Holdings, Inc. (PSQH) invested $3.8M in research and development during fiscal year 2025.
What is PSQ Holdings, Inc.'s current ratio?
PSQ Holdings, Inc. (PSQH) had a current ratio of 2.03 as of fiscal year 2025, which is generally considered healthy.
What is PSQ Holdings, Inc.'s debt-to-equity ratio?
PSQ Holdings, Inc. (PSQH) had a debt-to-equity ratio of 3.44 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is PSQ Holdings, Inc.'s return on assets (ROA)?
PSQ Holdings, Inc. (PSQH) had a return on assets of -61.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is PSQ Holdings, Inc.'s P/E ratio?
PSQ Holdings, Inc. (PSQH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $14.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PSQ Holdings, Inc.'s price-to-sales ratio?
PSQ Holdings, Inc. (PSQH) trades at 0.5x sales, its market capitalization divided by revenue of $27.0M revenue, trailing 12 months to June 30, 2026. The market capitalization is $14.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does PSQ Holdings, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, PSQ Holdings, Inc. (PSQH) held $14.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $19.9M over that year. Dividing the one by the other, the reported balance equals about 9 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is PSQ Holdings, Inc.'s Altman Z-Score?
PSQ Holdings, Inc. (PSQH) has an Altman Z-Score of -4.62, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is PSQ Holdings, Inc.'s Piotroski F-Score?
PSQ Holdings, Inc. (PSQH) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are PSQ Holdings, Inc.'s earnings high quality?
PSQ Holdings, Inc. (PSQH) reported a net loss of $36.6M while operations used $19.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can PSQ Holdings, Inc. cover its interest payments?
PSQ Holdings, Inc. (PSQH) reported an operating loss of $32.0M against $3.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is PSQ Holdings, Inc.?
PSQ Holdings, Inc. (PSQH) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.