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PSQ Holdings (PSQH) investor relations material
PSQ Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 net revenue from continuing operations rose 37% year-over-year to $4.4 million, exceeding guidance by 10%, driven by strong FinTech growth and operational efficiency.
Net loss for Q3 2025 was $12.0 million, a 33% year-over-year improvement, and year-to-date net loss improved by $12.1 million to $24.8 million.
Operating expenses decreased 13% year-over-year, reflecting cost discipline and organizational changes.
Strategic focus on FinTech, with robust onboarding of new merchants, expansion into bundled offerings, and divestiture of Brands and Marketplace segments.
Monetization of discontinued segments underway, with sales processes progressing as planned.
Financial highlights
Q3 2025 revenue was $4.4 million, up 37% year-over-year; year-to-date revenue reached $10.9 million, a 66% increase.
FinTech revenue rose 28% quarter-over-quarter; payments revenue up 50%, credit revenue up 22% sequentially.
Q3 net loss was $12 million, improved from $13.1 million in Q3 2024; EPS loss improved 37% to $0.26 per share.
Cash and cash equivalents stood at $12.3 million as of September 30, 2025.
Outstanding principal on revolving line of credit was $4.6 million.
Outlook and guidance
Q4 2025 revenue expected at $6 million, with $2.4 million from payments and $3.6 million from credit.
Full year 2026 revenue guidance reaffirmed at $32 million or greater, based on current product set.
Guidance for 2026 is conservative, with new verticals and product launches not fully factored in.
2025 operating expenses projected to be lower than 2024, reflecting organizational changes.
Management expects existing cash and proceeds from divestitures to fund operations for at least the next year.
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