PSQ Holdings, Inc. income statement
In fiscal 2025, PSQ Holdings, Inc. reported revenue of $18.2m, up 81.1% on the year before, operating income of −$32.0m (a -175.4% margin) and net income of −$36.6m, or −$0.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 6 | 10 | 18 | 27 |
| Research and development | 1 | 5 | 2 | 4 | 3 |
| Selling and marketing | 3 | 12 | 8 | 6 | 5 |
| General and administrative | 2 | 15 | 39 | 29 | 29 |
| Operating income | −7 | −39 | −42 | −32 | −28 |
| Interest expense | 0 | −0 | — | — | — |
| Provision for credit losses | — | — | 1 | 1 | 1 |
| Income before tax | −7 | −53 | −44 | −25 | −29 |
| Income tax | 0 | 0 | 0 | 0 | −0 |
| Net income | −7 | −53 | −58 | −37 | −36 |
| Diluted EPS | −$0.30 | −$2.43 | −$1.80 | −$0.81 | — |
| Diluted shares (average) | 23m | 22m | 32m | 46m | — |
| EBITDA | −6 | −37 | −38 | −25 | −21 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 4 | 3 | 3 | 4 | 7 | 8 | 7 |
| Cost of revenue | 2 | — | — | — | — | — | — | — |
| Gross profit | 4 | — | — | — | — | — | — | — |
| Research and development | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling and marketing | 2 | 3 | 2 | 2 | 2 | 1 | 2 | 1 |
| General and administrative | 10 | 9 | 8 | 4 | 8 | 9 | 7 | 6 |
| Operating income | −10 | −9 | −9 | −5 | −10 | −8 | −6 | −5 |
| Interest expense | 1 | — | — | — | — | — | — | — |
| Provision for credit losses | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −9 | −18 | −2 | −6 | −10 | −7 | −6 | −5 |
| Income tax | −0 | 0 | 0 | −0 | −0 | 0 | 0 | 0 |
| Net income | −13 | −21 | −4 | −8 | −12 | −12 | −6 | −6 |
| Diluted EPS | −$0.41 | −$0.59 | −$0.10 | −$2.78 | −$3.90 | −$0.26 | −$1.80 | −$1.54 |
| EBITDA | −10 | −8 | −8 | −4 | −8 | −6 | −4 | −3 |
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