PSQH (PSQH) financial statements
PSQH reported revenue of $18M in fiscal 2025, up 237.2% a year over 3 years.
Net income was -$37M and the operating margin -175.4%, against -1493.5% in 2022.
Free cash flow was -$23M.
The diluted share count rose 5842% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PSQH's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $475,175 | $6M | $10M | $18M |
| Research and development | $1M | $5M | $2M | $4M |
| Selling, general and admin | $5M | $27M | $47M | $35M |
| Operating income | -$7M | -$39M | -$42M | -$32M |
| Interest expense | $591 | -$177,444 | — | — |
| Pre-tax income | -$7M | -$53M | -$44M | -$25M |
| Income tax | $800 | $1,945 | $1,600 | $0 |
| Net income | -$7M | -$53M | -$58M | -$37M |
| EPS (diluted) | -$9.15 | -$36.45 | -$1.80 | -$0.81 |
| Diluted shares | 1M | 1M | 32M | 46M |
| Operating margin | -1493.5% | -692.0% | -414.5% | -175.4% |
| Net margin | -1468.6% | -937.9% | -573.4% | -200.9% |
Balance sheet
Fiscal years, from PSQH's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $2M | $16M | $36M | $15M |
| Receivables | — | $204,879 | $262,084 | $2M |
| Inventory | — | $1M | $3M | — |
| Total current assets | $3M | $21M | $47M | $32M |
| Property, plant and equipment | $26,723 | $127,139 | $275,539 | $187,262 |
| Goodwill | — | $0 | $11M | $11M |
| Total assets | $4M | $25M | $75M | $60M |
| Total current liabilities | $684,488 | $4M | $9M | $16M |
| Total liabilities | $814,250 | $15M | $48M | $46M |
| Shareholders' equity | $3M | $10M | $27M | $13M |
| Net debt | -$2M | -$16M | -$36M | -$15M |
Cash flow
Fiscal years, from PSQH's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | -$6M | -$26M | -$34M | -$20M |
| Capital spending | $2M | $3M | $4M | $3M |
| Free cash flow | -$8M | -$29M | -$38M | -$23M |
| Stock-based compensation | — | $7M | $21M | $11M |
| Net borrowing | — | $35M | — | — |
| Free cash flow margin | -1593.8% | -510.5% | -375.8% | -125.3% |
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Open PSQH in InvestinglyQuestions
What was PSQH's revenue in 2025?
$18M in fiscal 2025, from its 10-K filing.
How much free cash flow does PSQH generate?
-$23M in fiscal 2025 (operating cash flow minus capital spending).
From PSQH's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.