Filing Flows › PSQ Holdings (PSQH) › Q1 2025
PSQ Holdings (PSQH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
PSQ Holdings (PSQH) reported revenue of $6.7M for the first quarter 2025 (Q1 2025), +95% from a year earlier and -6% from the quarter before. Operating margin was -173.2%, net loss $4.4M (65.9% of revenue).
PSQ Holdings, Q1 2025: revenue $6.7M (+95% year over year), operating margin -173.2%, net loss $4.4M, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | -6% | +95% |
| Operating profit | −$11.7M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | −$6.4M | — | — |
What changed
Revenue was $6.7M in Q1 2025, up 95% year over year and down 6% from the previous quarter.
Operating costs exceeded revenue by $11.7M, an operating margin of -173.2%. Total costs grew 0% against revenue growth of 95%. The fastest-growing cost line was Other operating costs (+76%). The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $20.7M loss. Non-operating items added $7.3M, -163% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$6.4M. Non-cash charges added back $1.2M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $6.8M.
Questions
What was PSQ Holdings' revenue in the first quarter 2025?
PSQ Holdings (PSQH) reported revenue of $6.7M for the first quarter 2025 (Q1 2025), +95% from a year earlier and -6% from the quarter before.
Was PSQ Holdings profitable in the first quarter 2025?
Operating loss was $11.7M (-173.2% of revenue) and net loss $4.4M.
Source: PSQ Holdings 10-Q on SEC EDGAR.