PSQ Holdings (PSQH)
NYSE:PSQH
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PSQ Holdings
(NYSE:PSQH)
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Rating:52Neutral
Price Target:
$0.52
▼(-28.36% Downside)
Action:Reiterated
Date:06/01/26
The score is held down primarily by weak financial performance—large ongoing losses and persistent negative operating/free cash flow—despite improving leverage. Offsetting this, the latest earnings call signaled meaningful operational momentum (strong revenue/GMV growth, lower expenses, and reduced cash burn) that improves the outlook if sustained. Technicals remain mixed with a weak longer-term trend, while valuation is hard to support given negative earnings and no dividend yield provided.
Positive Factors
Rapid revenue expansion driven by payments
Material 167% YoY revenue growth driven by payments indicates the fintech pivot is scaling. Durable revenue expansion builds a larger base to absorb fixed costs, supports future operating leverage and reinvestment, and suggests product-market fit in core payments and lending flows if growth persists.
Negative Factors
Persistent negative operating and free cash flow
The core business is still cash consuming on a TTM basis, implying ongoing external funding needs. Persistent negative operating and free cash flow constrain strategic flexibility, limit reinvestment capacity, and raise the probability of dilutive financing or asset sales unless operational improvements are sustained.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue expansion driven by payments
Material 167% YoY revenue growth driven by payments indicates the fintech pivot is scaling. Durable revenue expansion builds a larger base to absorb fixed costs, supports future operating leverage and reinvestment, and suggests product-market fit in core payments and lending flows if growth persists.
Read all positive factors
PSQ Holdings (PSQH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.94M
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)2.28
Revenue Growth1.87%
EPS Growth46.96%
CountryUS
Employees85
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.81
Shares Outstanding48,726,402
10 Day Avg. Volume2,672,713
30 Day Avg. Volume1,089,776
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)3.56
Price to Sales (P/S)2.63
P/FCF Ratio-1.80
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue1.11
Enterprise Value/Gross Profit1.85
Enterprise Value/Ebitda-1.36
Forecast
1Y Price Target
$4.00Price Target Upside447.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.62
Revenue Forecast (FY)$32.19M
PSQ Holdings Business Overview & Revenue Model
Company Description
PSQ Holdings, Inc. operates an app and website that connects Americans to businesses that share values online and in local communities. The platform has over 70,000 businesses from different industries and 1.6 million consumer members. The company...
How the Company Makes Money
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PSQ Holdings Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call presents a strong operational and revenue turnaround: very large year-over-year growth in revenue (167%), a 417% surge in payments GMV, a 287% improvement in revenue per employee, lower operating expenses, and materially improved non-GAAP results and cash burn. The primary negatives are accounting-driven (noncash warrant/earn-out mark-to-market) that increased reported net loss, modest cash on hand that depends in part on the planned Brands sale, and expected near-term moderation in lease revenue plus credit seasonality. Overall, positives reflect meaningful execution on the fintech pivot and structural cost savings that materially outweigh the identified risks and noncash accounting impacts.Positive Updates
Record Revenue Growth
Net revenue from continuing operations grew to $8.2M from $3.1M, a 167% year-over-year increase driven by payments, loan & lease originations, and lease merchandise revenue.
Negative Updates
Reported Net Loss Increased Due to Noncash Items
Reported net loss rose to $6.5M from $4.4M year-over-year. The $2.0M increase is driven almost entirely by a $7.1M difference in mark-to-market gains on warrant and earn-out liabilities (noncash) versus the prior year, reducing the appearance of net income improvement.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Revenue Growth
Net revenue from continuing operations grew to $8.2M from $3.1M, a 167% year-over-year increase driven by payments, loan & lease originations, and lease merchandise revenue.
Read all positive updates
Company Guidance
Management guided that Q1 momentum supports a path to improved capital efficiency and a 12‑month liquidity runway, pointing to continuing‑operations net revenue of $8.2M (+167% YoY), payments GMV of $186.2M (+417% YoY), credit GMV of $15.1M (+32% YoY), revenue per employee of $173,583 (+287% YoY) on 47 FTEs (down from 68, −31%), and operating expense savings of $2.0M (−18% YoY) that drove operating loss to $6.1M (improved $3.2M, −34%) and segment non‑GAAP operating loss to $0.9M (70% improvement); they expect the recent restructuring (41% staff reduction since Sept 2025 and Marketplace wind‑down) to deliver roughly $8M of annualized cash savings, have reduced operating cash burn to $4.1M in Q1 (down 36% YoY; ~$2.9M adjusted after ~$1.2M of onetime items), ended the quarter with $11.8M of cash ($10.1M unrestricted) and $11.2M net working capital, have $7.4M drawn on a $10M revolver extended to July 31, 2027, and believe existing cash plus anticipated proceeds from a planned Brands sale (targeting a definitive agreement in H1 2026) and access to equity programs will be sufficient to fund operations while they continue to reduce cash burn, normalize seasonality in credit and lease revenue as originations are sold, and aim to improve revenue per employee each quarter on the path to profitability.PSQ Holdings Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.98M | 18.20M | 23.20M | 5.69M | 475.18K | 8.84K |
| Gross Profit | 16.08M | 12.62M | 14.07M | 1.89M | -240.93K | -116.13K |
| EBITDA | -21.95M | -14.77M | -52.12M | -50.71M | -6.20M | -2.17M |
| Net Income | -38.62M | -24.90M | -57.69M | -53.33M | -6.98M | -2.29M |
Balance Sheet | ||||||
| Total Assets | 54.35M | 59.68M | 74.89M | 25.25M | 4.22M | 1.02M |
| Cash, Cash Equivalents and Short-Term Investments | 10.06M | 14.64M | 36.32M | 16.45M | 2.33M | 399.40K |
| Total Debt | 8.01M | 6.85M | 32.51M | 327.37K | 299.04K | 0.00 |
| Total Liabilities | 46.03M | 46.24M | 48.04M | 14.81M | 814.25K | 155.81K |
| Stockholders Equity | 8.33M | 13.44M | 26.85M | 10.43M | 3.40M | 860.50K |
Cash Flow | ||||||
| Free Cash Flow | -7.94M | -26.63M | -34.13M | -29.26M | -7.59M | -973.48K |
| Operating Cash Flow | -17.64M | -19.94M | -34.13M | -25.76M | -6.03M | -973.48K |
| Investing Cash Flow | -10.04M | -10.49M | -3.02M | -3.32M | -1.55M | -172.50M |
| Financing Cash Flow | 11.24M | 9.96M | 57.29M | 43.20M | 9.52M | 174.31M |
PSQ Holdings Technical Analysis
Negative
0.73
Price Trends
0.63
Negative
0.70
Negative
1.19
Negative
Market Momentum
-0.03
Positive
36.43
Neutral
8.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PSQH, the sentiment is Negative. The current price of 0.73 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.63, and below the 200-day MA of 1.19, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 36.43 is Neutral, neither overbought nor oversold. The STOCH value of 8.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PSQH.
PSQ Holdings Risk Analysis
PSQ Holdings disclosed 88 risk factors in its most recent earnings report. PSQ Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PSQ Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $83.44M | 37.44 | 11.26% | ― | 15.26% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $51.15M | 32.14 | 16.47% | ― | -1.78% | -18.81% | |
52 Neutral | $26.94M | -0.73 | -261.36% | ― | 1.87% | 46.96% | |
52 Neutral | $122.79M | -0.09 | -30.01% | ― | 571.11% | -99.00% | |
45 Neutral | $25.57M | -0.41 | 137.78% | ― | -19.19% | 67.48% | |
41 Neutral | $31.24M | -0.41 | 617.85% | ― | ― | ― |
* Technology Sector Average
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PSQ Holdings Corporate Events
Executive/Board Changes
PSQ Holdings Announces Senior People Executive Resignation
Neutral
Jun 1, 2026
On May 26, 2026, PSQ Holdings, Inc. reported that its Senior Vice President of People, Michael Hebert, resigned from his position effective May 31, 2026, under terms that were not driven by any disagreement over the company’s operations, pol...
Business Operations and StrategyFinancial Disclosures
PSQ Holdings Advances Fintech Focus Amid Restructuring Progress
Positive
May 7, 2026
PSQ Holdings reported that in the quarter ended March 31, 2026, net revenue from continuing operations surged 167% year over year to $8.2 million while operating expenses fell 18%, driving a 34% improvement in operating loss and a 36% reduction in...
Executive/Board Changes
PSQ Holdings Announces CFO Departure and Severance Agreement
Neutral
May 4, 2026
PSQ Holdings, Inc. disclosed that Chief Financial Officer James Rinn, who had notified the company of his resignation on April 1, 2026, officially departed effective April 30, 2026. In connection with his exit, the company and Rinn entered into a ...
Business Operations and StrategyExecutive/Board Changes
PSQ Holdings Revamps Finance Leadership and Governance Structure
Positive
Apr 7, 2026
On April 1, 2026, PSQ Holdings announced that Chief Financial Officer James Rinn tendered his resignation effective April 30, 2026, while remaining on the board, and confirmed that his departure did not stem from any dispute over company operation...
Business Operations and StrategyFinancial Disclosures
PSQ Holdings Restructures Operations After Strong 2025 Revenue Growth
Positive
Mar 17, 2026
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 finan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.