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PSQ Holdings
(NYSE:PSQH)
PSQ Holdings (PSQH) vs. SPDR S&P 500 ETF (SPY)
PSQ Holdings Business Overview & Revenue Model
PSQ Holdings Earnings Call Summary
PSQ Holdings Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.20M | 23.20M | 5.69M | 475.18K | 8.84K |
| Gross Profit | 12.62M | 14.07M | 1.89M | -240.93K | -116.13K |
| EBITDA | -22.52M | -52.12M | -50.71M | -6.20M | -2.17M |
| Net Income | -24.90M | -57.69M | -53.33M | -6.98M | -2.29M |
Balance Sheet | |||||
| Total Assets | 59.68M | 74.89M | 25.25M | 4.22M | 1.02M |
| Cash, Cash Equivalents and Short-Term Investments | 14.64M | 36.32M | 16.45M | 2.33M | 399.40K |
| Total Debt | 6.85M | 32.51M | 327.37K | 299.04K | 0.00 |
| Total Liabilities | 46.24M | 48.04M | 14.81M | 814.25K | 155.81K |
| Stockholders Equity | 13.44M | 26.85M | 10.43M | 3.40M | 860.50K |
Cash Flow | |||||
| Free Cash Flow | -19.94M | -34.13M | -29.26M | -7.59M | -973.48K |
| Operating Cash Flow | -19.94M | -34.13M | -25.76M | -6.03M | -973.48K |
| Investing Cash Flow | -10.49M | -3.02M | -3.32M | -1.55M | -172.50M |
| Financing Cash Flow | 9.96M | 57.29M | 43.20M | 9.52M | 174.31M |
PSQ Holdings Technical Analysis
PSQ Holdings Risk Analysis
PSQ Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $112.12M | ― | 6.77% | ― | 14.20% | ― | |
59 Neutral | $65.73M | 38.54 | 15.69% | ― | -1.17% | 43.94% | |
48 Neutral | $34.33M | ― | -167.16% | ― | 35.79% | 14.85% | |
44 Neutral | $30.01M | -0.25 | 132.32% | ― | -23.03% | -107.34% | |
44 Neutral | $9.77M | -0.91 | 74.86% | ― | 259.01% | -61.05% | |
43 Neutral | $30.95M | -1.01 | ― | ― | ― | ― |
PSQ Holdings Corporate Events
PSQ Holdings, Inc., listed on the NYSE as PSQH, is a payments and financial infrastructure company that builds and operates compliant financial rails in highly regulated environments. Its platforms serve industries underserved by traditional financial institutions, including businesses, political campaigns, and nonprofits that require reliable, regulation-aligned payment solutions.
On March 17, 2026, PSQ Holdings reported fourth-quarter and full-year 2025 results showing net revenue from continuing operations more than doubling in the quarter and rising 81% for the year, while operating expenses declined and the annual net loss narrowed 37% to $36.6 million, improving loss per share despite continued losses. The company detailed an aggressive restructuring and strategic pivot toward its fintech segment, including winding down its Marketplace business as of December 31, 2025, pursuing monetization of its Brands segment, cutting staff by more than 40%, and targeting roughly $8 million in annualized cash savings, steps that significantly reshape its cost structure and balance sheet as it seeks scale and a clearer path to profitability in specialized regulated markets.
The most recent analyst rating on (PSQH) stock is a Hold with a $0.85 price target. To see the full list of analyst forecasts on PSQ Holdings stock, see the PSQH Stock Forecast page.
PSQ Holdings, Inc., a payments and financial infrastructure provider focused on regulated and underserved sectors, reported sharp revenue growth alongside narrowing losses in 2025, while continuing to pivot away from non-core operations. The company is concentrating on its core financial technology platform across payments, consumer financing, and fundraising, supported by AI-driven underwriting and tighter cost controls.
On February 10, 2026, PSQ Holdings received notice that it was out of compliance with New York Stock Exchange requirements on market capitalization, shareholders’ equity, and minimum share price, though its stock remains listed. The company plans to submit a remediation plan to regain compliance while highlighting preliminary 2025 results showing 81% full-year revenue growth, a 27% reduction in operating expenses, and a significantly reduced net loss, underscoring both operational progress and ongoing financial pressure for investors.
For the fourth quarter of 2025, PSQ Holdings posted preliminary net revenue of $7.3 million, more than double the prior year, and cut operating expenses by 11%, shrinking its quarterly net loss to $7.3 million. Full-year preliminary figures, excluding discontinued operations, show net revenue of $18.2 million and improved loss per share, while including discontinued segments the net loss narrowed to $36.6 million, leaving year-end cash of about $16 million.
Management said a 2025 restructuring reduced operating expenses by 27% and lowered cash usage, as PSQ monetizes its Brands and Marketplace businesses to simplify the organization. The company ended 2025 with roughly $15.8 million in cash and remains focused on capital discipline, scaling payments and originations, and using machine-learning models to improve credit performance and support a path toward profitability.
The most recent analyst rating on (PSQH) stock is a Hold with a $0.85 price target. To see the full list of analyst forecasts on PSQ Holdings stock, see the PSQH Stock Forecast page.
On January 27, 2026, PublicSquare founder Michael Seifert resigned as president, chief executive officer and board member, triggering an automatic conversion of his high-vote Class C shares into Class A shares on February 27, 2026, and ending his majority voting control of the company. As a result, PSQ Holdings will lose its “controlled company” status under NYSE rules, forcing it to meet stricter corporate governance requirements, including a majority-independent board and fully independent nominating and compensation committees within specified deadlines or risk potential NYSE delisting. The board appointed former Credova CEO and PublicSquare chairman and chief strategy officer Dusty Wunderlich as chief executive officer effective January 27, 2026, reduced the board size from ten to nine directors, and positioned the leadership change as a key step in the company’s ongoing shift toward its core fintech businesses in credit and payments, aimed at improving cash flow efficiency, stability and long-term profitability.
The most recent analyst rating on (PSQH) stock is a Hold with a $0.90 price target. To see the full list of analyst forecasts on PSQ Holdings stock, see the PSQH Stock Forecast page.
On January 6, 2026, PSQ Holdings implemented a sweeping refresh of its governance and operating structure, separating the roles of chairman and CEO and reshuffling several top posts. Founder Michael Seifert relinquished the chairman title but remained president and chief executive, while former chief strategy officer Dusty Wunderlich became non-executive chairman and director Blake Masters was named lead independent director, a move aimed at strengthening board oversight. Michael Perkins, a fintech veteran who joined the company in October 2025 as president of payments, was promoted to chief operating officer under a new employment agreement that sets out his compensation and severance terms, while former COO Mike Hebert moved into the role of senior vice president of people with responsibility for organizational development and talent. Alongside the leadership changes, PublicSquare said its preliminary fourth-quarter 2025 revenue from continuing operations is expected to come in between $6.7 million and $6.9 million, more than 10% above prior guidance of $6.0 million, and it reaffirmed its full-year 2026 revenue outlook of at least $32 million, underscoring management’s confidence in the company’s growth trajectory as it scales its public fintech platform.
The most recent analyst rating on (PSQH) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on PSQ Holdings stock, see the PSQH Stock Forecast page.