What is the market's earnings forecast for PSQ Holdings next quarter?

What does PSQ Holdings do and what are its main business segments?

What is the revenue and EPS growth rate for PSQ Holdings year over year?

What guidance did PSQ Holdings's management provide for the next earnings period?

What were the key takeaways from PSQ Holdings's earnings call?

What is PSQ Holdings's latest dividend and current dividend yield?

Did PSQ Holdings beat or miss consensus estimates last quarter?

What factors drove the changes in PSQ Holdings's revenue and profit?

- **Revenue Growth**: Q3 revenue of $4.4M (+37% YoY) beat guidance by 10%, driven by 50% QoQ growth in payments and 22% QoQ in credit.
- **Profitability**: Net loss down 33% YoY to $12M, with operating expenses reduced 13% YoY.
- **2026 Outlook**: Guidance of ≥$32M based on existing fintech products; new services like private credit cards and crypto Treasury-as-a-Service to drive future growth.
- **Customer Momentum**: 80%+ of new revenue from new merchants, with bundled services adoption >50%.
- **Strategic Moves**: Monetizing non-core assets (EveryLife sale expected Q4) and investing $2.3M in fintech platform enhancements.

**【CEO Commentary】**
- **Revenue Beat and Fintech Growth**: Q3 revenue of $4.4M exceeded guidance by 10%, with fintech revenue up 37% YoY. Payments revenue grew 50% QoQ, and credit revenue rose 22% QoQ.
- **Profitability Improvements**: Net loss decreased 33% YoY, and operating expenses fell 13% YoY, driven by restructuring and cost control.
- **Strategic Focus**: Reaffirmed 2026 revenue guidance of ≥$32M, with growth driven by existing fintech products (payments, credit) and new services like private credit cards and crypto Treasury-as-a-Service.
- **Customer Momentum**: 5 weeks into Q4, onboarding pipeline is strong, with anticipation for holiday shopping season activity.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: Fintech revenue ($4.4M) accounted for 100% of continuing ops, with 68% non-GAAP gross margin (down 29pts YoY due to payment mix).
- **Expense Management**: G&A expenses down 33% YoY ($10.1M), R&D up 100% YoY ($2M), and operating loss improved by $8.1M YoY.
- **Liquidity**: $12.3M cash on hand, with $4.6M on a $10M credit line for credit receivables.
- **Discontinued Ops**: Brands segment (EveryLife) revenue up 43% QoQ to $3.7M, with 12-month trailing revenue >$13.4M.

**【Q&A Highlights】**
- **Customer Acquisition**: 80%+ of new revenue from new merchant onboarding, with bundled services (payments + credit) driving 50%+ attach rate.
- **2026 Guidance**: $32M target based on existing products; new initiatives (e.g., PSQ Impact platform) are incremental but not factored into guidance.
- **Segment Monetization**: EveryLife sale process on track for Q4 purchase agreement; Marketplace IP monetization in exploratory phase.
- **Crypto Strategy**: Implementing crypto Treasury-as-a-Service with IDX, with internal treasury use case launching soon.

PSQ Holdings, Inc. (PSQH) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: Q2 2025 revenue up 18% YoY to $7.1M, with Fintech (+15.6%) and Brands (+45.5%) leading.
- **Strategic Shift**: Selling EveryLife and repurposing Marketplace to focus on Fintech, freeing $11M+ annual savings.
- **AI Success**: AI underwriting reduces credit defaults by 74.8%; expanding crypto payments and DeFi productization.
- **Crypto Expansion**: Integrating digital assets into payment stack; Board adds crypto expert Caitlin Long.
- **Operational Efficiency**: 13% YoY expense reduction; net loss cut 46% to $12.8M.


**【CFO Financial Commentary】**
- Q2 2025 revenue: $7.1 million (18% YoY growth), driven by Fintech ($3.4M, +15.6%) and Brands ($3.3M, +45.5%).
- Operating expenses down 13% YoY; net loss improved 46% to $12.8M (from $23.8M).
- Gross margin: 53% (vs. 67% Q2 2024) due to revenue mix shift.
- Cash: $20.6M; utilized $4M of $10M credit line; ATM raised $165K to cover setup costs.

**【CEO Strategic Remarks】**
- **Fintech Focus**: Monetizing non-core assets (EveryLife sale, Marketplace repurposing) to allocate $11M+ annual savings to Fintech growth.
- **AI-Driven Credit**: AI underwriting reduced first payment defaults by 74.8% YoY; expanding payment stack with crypto, private label credit, and loyalty tools.
- **Crypto Strategy**: Building digital asset treasury; Caitlin Long (crypto expert) joins Board; plans to integrate crypto payments and productize DeFi benefits.

**【Q&A Highlights】**
- **Payment Growth**: Q2 PSQ Payments revenue +80% QoQ; H2 2025 onboarding delay due to merchant demand for bundled checkout solutions.
- **EveryLife Sale**: Process launched in August; strong interest from investors valuing brand's values and 2-year track record.
- **AI Impact**: Credit underwriting models (trained since 2021) driving 74.8% default reduction; expanding AI to Fintech operations.
- **Board Involvement**: Active Board (Blake, Nick, Don Jr., Dusty) contributes strategic, marketing, and industry expertise.
- **Profitability**: Core values (economic liberty, serving underserved industries) directly drive merchant acquisition and profitability.


PSQ Holdings, Inc. (PSQH) Q2 2025 Earnings Call Transcript

- **95% Revenue Surge**: Q1 2025 revenue hits $6.75M, up 95% YoY, driven by FinTech and Brands. 
- **Cost Efficiency**: 10% YoY expense decline, S&M down 48%, AI adoption fuels organic growth. 
- **Made-in-America Focus**: Marketplace shifting to 100% US-made products, $2M bulk order secured. 
- **Credit Expansion**: 198K+ prequalified applicants, Credit 2.0 to launch Q2. 
- **Bitcoin Strategy**: Exploring stablecoins, may hold Bitcoin on balance sheet. 
- **Profitability Path**: Q4 2025 target for operating cash flow positive, 2026 GMV pipeline expansion to $10B. 


**【CEO Opening Remarks】**
- **Revenue Growth**: Q1 2025 revenue surged 95% YoY to $6.75 million, driven by FinTech ($3.05M), Marketplace ($0.4M), and Brands ($3.27M). 
- **Cost Efficiency**: Operating expenses decreased 10% YoY to $14M, with S&M expenses down 48% due to organic growth and AI adoption. 
- **Margin Expansion**: Gross margin improved to 58% (vs. 43% in Q1 2024). 
- **Fintech Momentum**: Integrated 2.5B GMV backlog, onboarding merchants like Guns.com and Tenacity Arms post-cancellation. Shopify integration launched for 80% of Marketplace merchants. 
- **Credit Strategy**: Tightened AI-driven underwriting, reducing risk while maintaining 198K+ prequalified applicants. Credit 2.0 initiative to launch Q2. 
- **Marketplace Evolution**: Shifting focus to Made-in-America products, with 68% of Brands revenue from subscriptions. $2M bulk order secured for pregnancy resource centers. 
- **Guidance**: Full-year 2025 revenue >$46M (100%+ YoY growth), operating expenses to decline YoY. 

**【CFO Financial Highlights】**
- **Net Income**: GAAP net income $420M, Non-GAAP EPS $1.08 (vs. $0.95 est.). 
- **Cash Position**: $28M cash, $3.7M drawn on $10M revolver. $1.1M used to acquire high-quality receivables. 
- **Share Count**: 43.17M shares outstanding. 
- **Expense Trend**: G&A/S&M/R&D down 10% YoY, on track for full-year expense reduction. 

**【Q&A Key Takeaways】**
1. **Payments Rollout**: 2.5B GMV pipeline, 90% cross-sell with Buy Now, Pay Later. Shopify integration unlocks Marketplace merchant conversions. 
2. **Brand Expansion**: Customer-driven product pipeline (household essentials, fem care). 40%+ growth in EveryLife division. 
3. **AI & Credit**: AI underwriting reduces risk, Credit 2.0 to gamify consumer experience. 
4. **Bitcoin Strategy**: Exploring stablecoins for payments, may hold Bitcoin on balance sheet. 
5. **Board Influence**: Don Trump Jr. drives strategic partnerships and viral marketing. 
6. **Marketplace Retention**: Centralizing email comms to reduce vendor spam, launching Made-in-America campaign Q2. 
7. **Profitability**: On track for Q4 2025 operating cash flow positive, with 2026 focus on $10B GMV pipeline. 


PSQ (PSQH)-8 May 25-2025 Q1 Earnings call transcript

- **Revenue Super Growth**: 4x YoY increase in 2024, driven by FinTech ($10.1M) and Brands ($10.2M). 2025 targets >200% revenue growth.
- **FinTech Dominance**: $2.5B+ signed GMV, 100% margin BNPL, and 50% cost of capital reduction via new lending facilities.
- **Made-in-America Play**: Marketplace shifting to exclusive U.S.-made products, aligning with economic nationalism trends.
- **EveryLife Milestones**: 276% revenue growth, first $1M+ month, and 3M+ diapers donated in 2024.
- **Financial Strength**: $36.3M cash, 61% gross margin, and 167% Q4 revenue growth.


**【CEO Summary Section】**
- **2024 Performance Highlights**: Revenue grew 4x year-over-year, gross margin expanded from 33% to 61%, and the company completed the Credova acquisition to launch its FinTech division. Payments GMV signed reached $2.5 billion, with a focus on cancel-proof technology and AI-driven credit solutions.
- **2025 Growth Strategy**: Target to more than double revenue, expand FinTech monetization (payments + BNPL bundling), and shift Marketplace to exclusively showcase Made-in-America products. Credit 2.0 initiative aims to reduce delinquencies and charge-offs through AI underwriting, with cost of capital expected to drop 50% via new asset-backed lending facilities.
- **Brand Expansion**: EveryLife achieved 276% revenue growth, launched feminine care products, and donated over 3 million diapers in 2024. The brand reached first month of $1M+ sales in Q4.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: Net revenue $7.2M (167% YoY), gross margin 61%, with FinTech contributing $3.5M, Marketplace $0.6M, and Brands $3.1M.
- **Full Year 2024**: Net revenue $23.2M (308% YoY), gross margin 61%, ending with $36.3M cash and $3.8M on a $10M revolving line.
- **2025 Outlook**: Pro forma revenue $26.1M (Credova-acquired), with FinTech and Brands expected to drive growth. Operating expenses to decline YoY due to restructuring.

**【Q&A Key Highlights】**
- **GMV monetization**: 1.9-2.3% of GMV, with Q2 2025 onboarding of 80,000+ Marketplace merchants. Firearms and travel merchants dominate signed contracts.
- **Free Cash Flow**: Targeting breakeven in 2025 via positive unit economics in FinTech and Brands, with Marketplace focusing on community-driven growth.
- **Cryptocurrency Strategy**: Exploring non-traditional payments, but no timeline for implementation.
- **Expense Optimization**: Streamlined ad spend (CPM model), reduced G&A, and 29% YoY delinquency reduction in BNPL.


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