PSQ (PSQH) Q2 2026 earnings summary

Executive summary

• Revenue more than doubled year-over-year in Q2 2026 to $7.1M, with a 136% increase for the first half, driven by a strategic pivot to a focused fintech model and divestiture of non-core assets.

• Non-GAAP operating income turned positive at $0.4M in Q2 2026, improving from a $2.7M loss year-over-year.

• Net loss for Q2 2026 narrowed by 33% to $5.6M, with operating loss improving 8% to $4.8M.

• Revenue per employee increased over 300% to $198,000 as headcount was halved.

• Sale agreement for EveryLife brand for $5.5M in cash, expected to close by September 2026, sharpening focus on core business.

Financial highlights

• Q2 2026 revenue rose 108% year-over-year to $7.1M; first half revenue up 136% to $15.3M.

• Non-GAAP operating income was $0.4M, a $3.1M improvement year-over-year.

• Operating expenses down 12% year-over-year, with $9.9M in annualized savings realized.

• Operating cash burn reduced by 52% to $2.3M in Q2 2026.

• Gross profit rose 73% to $4.1M at a 58% margin in Q2 2026.

Outlook and guidance

• Affirmed full-year 2026 revenue guidance of ~$32M, with $15.3M achieved year-to-date.

• Expects positive non-GAAP operating income for 2026 and positive operating cash flow in 2027.

• Management expects improved cash position and efficiency from focusing on fintech and cost reductions.

• Annualized cash savings of $8M targeted from staff and expense reductions; $9.9M achieved by June 2026.

• Proceeds from EveryLife sale expected to support liquidity.