Why Did PSQ Holdings Plunge 9.6% Despite Earnings Beat?

On August 13, 2025, PSQ Holdings experienced a significant drop of 9.6% in pre-market trading, reflecting investor concerns and market sentiment.

PSQ Holdings, Inc. reported a quarterly loss of $0.18 per share for the second quarter of 2025, which was better than the expected loss of $0.27 per share. This represents an earnings surprise of +33.33%. However, the company missed revenue estimates by 21.04%, reporting $7.08 million in revenue compared to the expected $9.01 million. This underperformance has been a recurring theme, as the company has only surpassed consensus revenue estimates once in the last four quarters.

The company's strategic shift towards fintech, with a focus on payments growth, is a notable development. Despite the revenue miss, the company has shown improvements in efficiency and a reduction in net loss, which decreased to $8.4 million from $11.2 million in the same quarter last year. Fintech revenue increased to $3.4 million, indicating potential growth in this sector.

Investors are closely watching the company's earnings outlook and future earnings expectations. The mixed estimate revisions trend suggests that the stock is expected to perform in line with the market in the near future. The company's ability to sustain its recent improvements and capitalize on its fintech initiatives will be crucial in determining its future performance.