Filing Flows › PSQ Holdings (PSQH) › Q4 2025
PSQ Holdings (PSQH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 17, 2026
PSQ Holdings (PSQH) reported revenue of $7.3M for the fourth quarter 2025 (Q4 2025), +109% from a year earlier and +66% from the quarter before. Operating margin was -105.7%, net loss $11.8M (161.2% of revenue).
PSQ Holdings, Q4 2025: revenue $7.3M (+109% year over year), operating margin -105.7%, net loss $11.8M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | +66% | +109% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$11.8M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $7.3M in Q4 2025, up 109% year over year and up 66% from the previous quarter.
Operating costs exceeded revenue by $7.7M, an operating margin of -105.7%. Total costs grew 17% against revenue growth of 109%. The fastest-growing cost line was Other operating costs (+365%). The quarter ended with a net loss of $11.8M, narrower than the previous quarter's $12.0M loss.
Operating cash flow was −$2.6M. Non-cash charges added back $1.9M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $4.5M.
Questions
What was PSQ Holdings' revenue in the fourth quarter 2025?
PSQ Holdings (PSQH) reported revenue of $7.3M for the fourth quarter 2025 (Q4 2025), +109% from a year earlier and +66% from the quarter before.
Was PSQ Holdings profitable in the fourth quarter 2025?
Operating loss was $7.7M (-105.7% of revenue) and net loss $11.8M.
Source: PSQ Holdings 10-K on SEC EDGAR.