Quarterly ResultAug 4, 2026, 06:37 AM

PSQ Holdings Q2 Net Loss $12.1M; 1-for-15 Reverse Stock Split

AI Summary

PSQ Holdings reported a net loss of $12.1 million for the six months ended June 30, 2026, an improvement from $12.8 million in the prior year, while revenues significantly increased to $15.3 million from $6.5 million. The company also implemented a 1-for-15 reverse stock split effective July 13, 2026, and entered into a definitive agreement to sell its EveryLife assets for $5.5 million. These actions are part of a strategic shift to focus solely on FinTech operations, which has included a 50% staff reduction and other cost-saving initiatives, though the company continues to operate on a going concern basis with liquidity concerns.

Key Highlights

Net loss for the six months ended June 30, 2026, was $12.1 million, compared to $12.8 million in 2025.
Revenues for the six months ended June 30, 2026, increased to $15.3 million from $6.5 million in 2025.
Operating loss for the six months ended June 30, 2026, improved to $10.9 million from $14.5 million in 2025.
Net cash used in operating activities for the six months ended June 30, 2026, was $6.5 million, down from $11.3 million in 2025.
A 1-for-15 reverse stock split of Class A Common Stock became effective on July 13, 2026.
Definitive agreement signed to sell EveryLife assets for $5.5 million, expected to close by September 30, 2026.
Total current assets decreased to $23.3 million as of June 30, 2026, from $31.8 million at December 31, 2025.
Total liabilities decreased to $45.0 million as of June 30, 2026, from $46.2 million at December 31, 2025.

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