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PSQ Holdings (PSQH) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 7, 2026

PSQ Holdings (PSQH) reported revenue of $8.2M for the first quarter 2026 (Q1 2026), +167% from a year earlier and +11% from the quarter before. Operating margin was -75.2%, net loss $6.5M (79.1% of revenue).

Revenue$8.2M
Year over year+167%
Quarter over quarter+11%
Operating margin-75.2%
Net earnings−$6.5M

PSQ Holdings, Q1 2026: revenue $8.2M (+167% year over year), operating margin -75.2%, net loss $6.5M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$8.2M+11%+167%
Operating profit−$6.1M——
Net earnings−$6.5M——
Operating cash flow−$4.1M——

What changed

Revenue was $8.2M in Q1 2026, up 167% year over year and up 11% from the previous quarter.

Operating costs exceeded revenue by $6.1M, an operating margin of -75.2%. Total costs grew 16% against revenue growth of 167%. The fastest-growing cost line was Other operating costs (+254%). The quarter ended with a net loss of $6.5M, narrower than the previous quarter's $11.8M loss.

Operating cash flow was −$4.1M. Non-cash charges added back $1.8M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $887K.

Questions

What was PSQ Holdings' revenue in the first quarter 2026?

PSQ Holdings (PSQH) reported revenue of $8.2M for the first quarter 2026 (Q1 2026), +167% from a year earlier and +11% from the quarter before.

Was PSQ Holdings profitable in the first quarter 2026?

Operating loss was $6.1M (-75.2% of revenue) and net loss $6.5M.

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Source: PSQ Holdings 10-Q on SEC EDGAR.