| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 8.16 | 20.9% |
| Total Income | 8.16 | 20.9% |
| Expenditure | 14.29 | 22.5% |
| PBT | -6.48 | 46.0% |
| Net Profit | -6.45 | 44.9% |
| OPM | -75.18% | |
| NPM | -79.12% | 13.23pp |
| EPS | -0.12 | 20.0% |
PSQ Holdings Announces Q1 2026 Financial Results, Revenue Up 167%
07 May 2026 · 7 May, 5:12 pm
Summary
PSQ Holdings, Inc. reported financial results for the first quarter of 2026, highlighting significant revenue growth and expense reduction. Net revenue increased by 167% to $8.2 million, while operating expenses decreased by 18%. The company's operating loss improved by 34% to $6.1 million, and operating cash burn decreased by 36% to $4.1 million. Management emphasized the company's focus on growing revenue responsibly, reducing cash burn, and achieving profitability.
Key Highlights
- 1
Net revenue from continuing operations for the quarter ended March 31, 2026, was $8.2 million, a 167% increase compared to the prior year period.
- 2
Operating expense for the quarter ended March 31, 2026, decreased by $2.0 million, or 18%, compared to the prior year period.
- 3
The operating loss for the quarter ended March 31, 2026, improved by $3.2 million, or 34%, to $6.1 million.
- 4
Operating cash burn for the quarter ended March 31, 2026, improved by $2.3 million, or 36%, to $4.1 million.
- 5
Revenue per headcount for the quarter ended March 31, 2026, was $173,583, an improvement of 287% compared to $44,864.
- 6
Non-GAAP operating loss for the quarter ended March 31, 2026, was $0.9 million, a 70% improvement compared to $2.8 million in the prior year period.
Management Comments
Dusty Wunderlich
Q1 2026 was our strongest quarter ever, and the numbers tell the story. Revenue up 167% year over year, operating expenses down 18%, Payments Gross Merchandise Volume (GMV) exceeding $186 million, a record for us, Credit GMV up 32%, and revenue per employee up 287%, proof that doing more with less is not a talking point, it is how we operate, and we intend to keep pushing that number higher. “AI is doing exactly what we believed it would, making us more efficient, more capable, and, frankly, better at our jobs. We were early to adopt machine learning, deploying it in underwriting back in 2021, and we have been expanding its use across engineering, finance, and risk management ever since. A lean team with the right tools can do remarkable things, and that 287% improvement in revenue per employee is the proof.” “We are in the business of earning trust from merchants who need a payments and financial infrastructure partner they can count on. That is not something you claim; it is something you demonstrate quarter after quarter. Q1 is us demonstrating it. The priorities have not changed: grow revenue responsibly, reduce cash burn, and get to profitability. We are executing, the model is working, and the opportunity ahead is significant.
Informational and educational content only. Not investment advice.