Filing Flows › Pershing Square (PS) › Q2 2026 › vs Q2 2025
Pershing Square (PS) Q2 2026 vs Q2 2025 (year over year)
Pershing Square's revenue rose $998K (+2%) from $53.2M in Q2 2025 to $54.2M in Q2 2026. The biggest changes: Investment Advice +$3.4M (+7%); Investment Performance −$2.4M (-100%).
Pershing Square, Q2 2026: revenue $54.2M (+2% year over year), operating margin -166.4%, net loss $40.5M, operating cash flow $25.4M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Investment Advice | $54.2M | $50.8M | $3.4M | +7% |
| Investment Performance | $1K | $2.4M | −$2.4M | -100% |
| Revenue | $54.2M | $53.2M | $998K | +2% |
| Other income, net | $40.3M | $14.6M | $25.7M | +175% |
| Income tax benefit | $9.3M | −$1.9M | $11.2M | — |
| Net loss | $40.5M | −$32.9M | $73.4M | — |
| Costs & expenses | $144M | $67.8M | $76.5M | +113% |
| Operating costs | $144M | $33.0M | $111M | +337% |
| General & admin | $12.1M | $7.4M | $4.6M | +62% |
| Other operating costs | $132M | $25.6M | $107M | +416% |
| Operating cash sources | $66.0M | −$291M | $357M | — |
| Depreciation & amortization | $569K | $578K | −$9K | -2% |
| Working capital & other | $65.4M | −$292M | $357M | — |
| Net loss absorbed | $40.5M | −$32.9M | $73.4M | — |
| Operating cash flow | $25.4M | −$258M | $284M | — |
Questions
How much did Pershing Square's revenue grow year over year in Q2 2026?
Pershing Square's revenue rose $998K (+2%) from $53.2M in Q2 2025 to $54.2M in Q2 2026.
What drove Pershing Square's revenue change in Q2 2026?
Investment Advice +$3.4M (+7%); Investment Performance −$2.4M (-100%).