Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data PSQ Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
0.48
5.69
10.1
18.2
Research and development
1.45
4.63
1.89
3.84
Selling and marketing
2.55
12.1
8.28
5.97
General and administrative
2.02
15.2
38.8
28.9
Operating income
-7.1
-39.3
-41.7
-32
Interest expense
0
-0.18
Interest income
2.44
Other non-operating income
7.49
-14
-1.9
7.06
Pre-tax income
-6.98
-53.3
-43.6
-24.9
Income tax
0
0
0
0
Income from continuing operations
-43.6
-24.9
Net income
-6.98
-53.3
-57.7
-36.6
EBITDA
-6.25
-36.9
-38.4
-25.3
EPS, basic
-0.61
-2.43
-1.80
-0.81
EPS, diluted
-0.61
-2.43
-1.80
-0.81
Shares, basic (weighted)
11.5
22
32
45.5
Shares, diluted (weighted)
11.5
22
32
45.5
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2.33
16.4
35.7
14.6
Receivables
0.2
0.26
1.63
Inventory
1.44
2.66
Other current assets
0.29
3.08
2.26
2.45
Total current assets
2.62
21.2
46.8
31.8
Property, plant and equipment
0.03
0.13
0.28
0.19
Lease right-of-use assets
0.29
0.32
0.27
0.67
Goodwill
0
10.9
10.9
Intangible assets
1.27
3.56
14.6
14.6
Total assets
4.22
25.2
74.9
59.7
Accounts payable
0.42
1.83
2.87
5.35
Accrued liabilities
0.04
1.64
0.78
1.21
Deferred revenue
0.05
0.23
0.05
Total current liabilities
0.68
4.01
8.62
15.7
Lease liabilities
0.13
0.02
0.16
0.35
Total liabilities
0.81
14.8
48
46.2
Paid-in capital
12.4
72.6
147
170
Retained earnings
-8.88
-62.2
-120
-157
Shareholders' equity
3.4
10.4
26.9
13.4
Total equity
3.4
10.4
26.9
13.4
Total liabilities and equity
4.22
25.2
74.9
59.7
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
-6.98
-53.3
-57.7
-36.6
Depreciation and amortization
0.84
2.44
3.26
6.61
Stock-based compensation
6.71
20.7
10.8
Deferred income tax
0
0
Change in receivables
-0.2
-0.24
-1.26
Change in inventory
-1.44
-1.22
-0
Change in payables
2.71
-1.74
2.71
Cash from operations
-6.03
-25.8
-34.1
-19.9
Capital expenditures
-0.03
-0.11
0
Purchases of investments
-10
0
Cash from investing
-1.55
-3.32
-3.02
-10.5
Debt issued
34.9
Stock issued
9.52
2.6
39.3
1.2
Cash from financing
9.52
43.2
57.3
9.96
Net change in cash
-0.65
14.1
20.1
-20.5
Free cash flow
-6.06
-25.9
-34.1
Interest paid
2.3
3.51
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.30 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-105.0%
Operating income / revenue.
EBITDA margin
-78.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-107.5%
Pre-tax income / revenue.
Net margin
-132.7%
Net income / revenue.
Operating cash flow margin
-56.0%
Cash from operations / revenue.
Return on equity (ROE)
-856.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-72.9%
Net income / average total assets.
R&D / revenue
12.0%
Research and development expense / revenue.
Stock-based pay / revenue
36.3%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
26.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
81.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
237.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-50.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
58.1%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-20.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
141.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
42.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
58.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.47x
Current assets / current liabilities.
Quick ratio
0.53x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.42x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$7.43
Revenue / diluted weighted shares.
Operating cash flow per share
-$4.16
Cash from operations / diluted weighted shares.
Book value per share
$1.15
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.66x
Market cap / revenue.
P/B
4.26x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
0.41x
Enterprise value / revenue.
Earnings yield
-201.1%
Net income / market cap (the inverse of P/E).
What was PSQ Holdings, Inc.'s revenue in fiscal 2025?
PSQ Holdings, Inc. reported revenue of $18.2M for fiscal 2025, 81.1% higher than the year before.
Was PSQ Holdings, Inc. profitable in fiscal 2025?
No. It reported a net loss of $36.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.