PSQH Class A PSQ Holdings, Inc. Class A Common Stock
NYSE · Media · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 4, 2026
$4.70
· of 52w range
· above low
· to high
$2.9552w low
$37.5052w high
P/E (TTM)
-2.1
EPS (TTM)
$-2.19
Revenue (TTM)
$20M
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52W Range
$3–$38
Analyst Rating
BUY
Price Target
$15
P/E
-2.1
ROE
-269.3%
Net Profit Margin
-182.3%
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PSQH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.70
P/E (TTM)
-2.1
EPS (TTM)
$-2.19
Revenue (TTM)
$20M
ROE (TTM)
-269.3%
52W Range
$3–$38
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| July 13, 2026 | 1-for-15 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$18M2022-12-31 → 2025-12-31
EPS$-0.812022-12-31 → 2025-12-31
Free Cash Flow·2023-12-31 → 2024-12-31
Net margin-182.3%2023-12-31 → 2024-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | PSQH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -2.15Y avg ≈-5.6 | ≈-5.6 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | PSQH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -117.6% | · | -25.4% | Weak | |
| EBITDA Margin (TTM) | -80.6% | · | -25.4% | Weak | |
| Pretax Margin (TTM) | -121.0% | · | -36.8% | Weak | |
| Net Profit Margin (TTM) | -182.3% | · | -31.3% | Weak | |
| ROA (TTM) | -62.6%5Y avg ≈-117.4% | ≈-117.4% | -23.1% | Weak | |
| ROE (TTM) | -269.3%5Y avg ≈-338.7% | ≈-338.7% | -82.9% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | PSQH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.55Y avg ≈3.4 | ≈3.4 | 1.4 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | PSQH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 81.1%5Y avg ≈418.2% | ≈418.2% | · | · | |
| Revenue CAGR 3Y | 237.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | PSQH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue / Employee | ≈$506.1K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-331.3%
Next Report
Nov 04, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 10, 2026 | $-1.54 | $-1.07 | -43.8% |
| March 31, 2026 | May 20, 2026 | $-1.80 | $-2.68 | 32.8% |
| Dec. 31, 2025 | $-3.75 | $-3.06 | -22.5% | |
| Sept. 30, 2025 | $-3.90 | $-1.53 | -154.9% | |
| June 30, 2025 | $-0.18 | $0.01 | -1864.7% | |
| March 31, 2025 | $-0.10 | $-0.29 | 65.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $18M | $10M | $6M | $475.2K | |
| R&D Expense | $4M | $2M | $5M | $1M | |
| SG&A Expense | $29M | $39M | $15M | $2M | |
| Operating Expenses | $50M | $52M | $45M | $8M | |
| Operating Income | $-32M | $-42M | $-39M | $-7M | |
| Interest Expense | · | · | $-177.4K | $591 | |
| Interest Income | · | · | · | $2M | |
| Other Non-op | $988.0K | $419.1K | $-14M | $7M | |
| Pretax Income | $-25M | $-44M | $-53M | $-7M | |
| Income Tax | $0 | $1.6K | $1.9K | $800 | |
| Net Income | $-37M | $-58M | $-53M | $-7M | |
| EPS (Basic) | $-0.81 | $-1.80 | $-2.43 | $-0.61 | |
| EPS (Diluted) | $-0.81 | $-1.80 | $-2.43 | $-0.61 | |
| Shares (Basic) | 45,538,683 | 32,019,491 | 21,964,451 | 11,496,653 | |
| Shares (Diluted) | 45,538,683 | 32,019,491 | 21,964,451 | 11,496,653 | |
| EBITDA | · | $-56M | $-37M | $-1M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $15M | $36M | $16M | $2M | |
| Receivables | $2M | $262.1K | $204.9K | · | |
| Inventory | · | $3M | $1M | · | |
| Prepaid Expense | $2M | $2M | $3M | $289.4K | |
| Current Assets | $32M | $47M | $21M | $3M | |
| PP&E (Net) | $187.3K | $275.5K | $127.1K | $26.7K | |
| PP&E (Gross) | · | $363.7K | $143.0K | $29.9K | |
| Accum. Depreciation | · | $88.1K | $15.9K | $3.2K | |
| Goodwill | $11M | $11M | $0 | · | |
| Intangibles | $15M | $15M | $4M | $1M | |
| Total Assets | $60M | $75M | $25M | $4M | |
| Accounts Payable | $5M | $3M | $2M | $424.1K | |
| Accrued Liabilities | $1M | $784.7K | $2M | $41.5K | |
| Current Liabilities | $16M | $9M | $4M | $684.5K | |
| Capital Leases | $354.3K | $163.7K | $16.5K | $129.8K | |
| Total Liabilities | $46M | $48M | $15M | $814.2K | |
| Paid-in Capital | $170M | $147M | $73M | $12M | |
| Retained Earnings | $-157M | $-120M | $-62M | $-9M | |
| Stockholders' Equity | $13M | $27M | $10M | $3M | |
| Liabilities + Equity | $60M | $75M | $25M | $4M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $7M | $3M | $2M | $842.2K | |
| Stock-based Comp | $11M | $21M | $7M | · | |
| Deferred Tax | $0 | $0 | · | · | |
| Amort. of Intangibles | · | · | $2M | $839.0K | |
| Other Non-cash | · | · | $18M | · | |
| Operating Cash Flow | $-20M | $-34M | $-26M | $-6M | |
| CapEx | · | $0 | $113.1K | $29.9K | |
| Investing Cash Flow | $-10M | $-3M | $-3M | $-2M | |
| Stock Issued | $1M | $39M | $3M | $10M | |
| Net Stock Activity | · | $39M | $3M | · | |
| Financing Cash Flow | $10M | $57M | $43M | $10M | |
| Net Change in Cash | $-20M | $20M | $14M | $-645.9K | |
| Free Cash Flow | · | $-34M | $-26M | · | |
| Levered FCF | · | · | $-26M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Margin | · | -240.1% | -692.0% | · | |
| Net Margin | · | -248.7% | -937.9% | · | |
| Pretax Margin | · | -248.7% | -937.9% | · | |
| EBITDA Margin | · | -240.1% | -649.0% | · | |
| ROA | · | -115.2% | -362.0% | 3.3% | |
| ROE | · | -369.2% | -486.2% | -465.9% | |
| ROIC | · | -207.5% | -377.1% | 18.3% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | · | 5.4 | 5.3 | 0.3 | |
| Quick Ratio | · | 4.3 | 4.2 | 0.2 | |
| Interest Coverage | · | · | 221.7 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | · | 0.5 | 0.4 | · | |
| Receivables Turnover | · | 71.1 | 55.5 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue / Share | · | $0.72 | $0.26 | · | |
| Cash Flow / Share | · | $-1.07 | $-1.17 | · | |
| EPS (TTM) | $-0.81 | $-1.80 | $-2.43 | $-0.61 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 81.1% | 76.9% | 1096.6% | · | |
| Revenue CAGR 3Y | 237.2% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $18M | $10M | $6M | $475.2K | |
| Net Income TTM | $-37M | $-58M | $-53M | $-7M | |
| P/E | -1.3 | -2.5 | -2.2 | -16.3 | |
| Earnings Yield | -78.6% | -39.6% | -46.4% | -6.1% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7M | $8M | $-17.9K | $4M | $3M | $3M | $-3M | $3M | $6M | $3M | $3M | $2M | $529.7K | $378.0K | $277.6K | $124.6K | |
| Cost of Revenue | · | · | · | · | · | · | · | $609.3K | $531.1K | · | · | $569.5K | $432.9K | · | · | · | |
| Gross Profit | · | · | · | · | · | · | · | $4M | $4M | · | · | $557.7K | $96.8K | · | · | · | |
| R&D Expense | $759.4K | $624.1K | $-137.0K | $1M | $951.0K | $1M | $-688.3K | $408.3K | $1M | $1M | $3M | $1M | $288.5K | $248.5K | $572.3K | $413.7K | |
| SG&A Expense | $6M | $7M | $4M | $8M | $4M | $8M | $7M | $10M | $11M | $10M | $3M | $4M | $4M | $4M | $-159.0K | $993.5K | |
| Operating Expenses | $12M | $14M | $3M | $14M | $9M | $12M | $-98.4K | $13M | $20M | $18M | $28M | $4M | $8M | $6M | $3M | $2M | |
| Operating Income | $-5M | $-6M | $-3M | $-10M | $-5M | $-9M | $-2M | $-10M | $-14M | $-15M | $-14M | $-13M | $-7M | $-6M | $-4M | $-2M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $-124.2K | · | $46.7K | · | $-8.0K | · | · | |
| Interest Income | · | · | · | · | · | · | · | · | · | $426.0K | · | · | $2M | · | · | $763.3K | |
| Other Non-op | $-16.8K | $-97.3K | $123.9K | $142.7K | $434.2K | $309.8K | $240.5K | $22.6K | $52.6K | $103.4K | $-14M | $120.0K | $48.5K | $5.1K | · | $328 | |
| Pretax Income | $-5M | $-6M | $-2M | $-10M | $-6M | $-2M | $-11M | $-9M | $-11M | $-13M | $-6M | $-20M | $-21M | $-7M | $-9M | $-2M | |
| Income Tax | $0 | $0 | $-1 | $-8.2K | $-3.1K | $8.2K | $419 | $-12.4K | $14.0K | $-419 | $418 | $-262 | $1.6K | $189 | $4.3K | $-4.2K | |
| Net Income | $-6M | $-6M | $-12M | $-12M | $-8M | $-4M | $-21M | $-13M | $-11M | $-13M | $-6M | $-20M | $-21M | $-7M | $-2M | $-2M | |
| EPS (Basic) | $-1.54 | $-0.12 | $-0.27 | $-0.26 | $-2.78 | $-0.10 | $-0.59 | $-0.41 | $-0.36 | $-0.44 | $-0.08 | $-0.77 | $-1.18 | $-0.40 | $-0.17 | $-0.18 | |
| EPS (Diluted) | $-1.54 | $-0.12 | $-0.27 | $-0.26 | $-2.78 | $-0.10 | $-0.59 | $-0.41 | $-0.36 | $-0.44 | $-0.08 | $-0.77 | $-1.18 | $-0.40 | $-0.17 | $-0.18 | |
| Shares (Basic) | 3,639,800 | 54,027,862 | · | 46,045,064 | 3,016,887 | 42,953,447 | · | 31,758,032 | 31,391,595 | 28,395,756 | · | 26,265,627 | 17,538,437 | 16,683,248 | · | 11,982,103 | |
| Shares (Diluted) | 3,639,800 | 54,027,862 | · | 46,045,064 | 3,016,887 | 42,953,447 | · | 31,758,032 | 31,391,595 | 28,395,756 | · | 26,265,627 | 17,538,437 | 16,683,248 | · | 11,982,103 | |
| EBITDA | $-5M | $-4M | · | $-10M | $-8M | $-12M | · | $-15M | $-14M | $-15M | · | $-13M | $-3M | $-2M | · | $-244.5K |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7M | $10M | $15M | $11M | $21M | $28M | $36M | $5M | $8M | $9M | $16M | $25M | $1M | $2M | $2M | $265.7K | |
| Receivables | $2M | $2M | $2M | $182.6K | $623.5K | $674.4K | $262.1K | $622.4K | $340.6K | $365.6K | $204.9K | $67.6K | · | · | · | · | |
| Inventory | · | · | · | · | $3M | $2M | · | $2M | $1M | $1M | $1M | $1M | · | · | · | · | |
| Prepaid Expense | $2M | $2M | $2M | $3M | $3M | $3M | $2M | $4M | $3M | $3M | $3M | $4M | $48.7K | $135.5K | $289.4K | $301.6K | |
| Current Assets | $23M | $27M | $32M | $30M | $32M | $39M | $47M | $16M | $17M | $20M | $21M | $30M | $1M | $2M | $3M | $567.3K | |
| PP&E (Net) | $134.7K | $157.0K | $187.3K | $209.3K | $208.1K | $228.6K | $275.5K | $299.8K | $339.1K | $362.4K | $127.1K | $132.2K | · | · | $26.7K | · | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | $143.0K | · | · | · | $29.9K | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | $15.9K | · | · | · | $3.2K | · | |
| Goodwill | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $0 | · | · | · | · | · | |
| Intangibles | $13M | $14M | $15M | $15M | $21M | $15M | $15M | $16M | $16M | $16M | $4M | $3M | · | · | $1M | · | |
| Total Assets | $49M | $54M | $60M | $59M | $65M | $66M | $75M | $44M | $45M | $49M | $25M | $33M | $177M | $176M | $4M | $174M | |
| Accounts Payable | $5M | $5M | $5M | $2M | $3M | $3M | $3M | $4M | $4M | $7M | $2M | $2M | · | · | $424.1K | · | |
| Accrued Liabilities | $1M | $1M | $1M | $1M | $1M | $2M | $784.7K | $906.7K | $1M | $1M | $2M | $1M | $3M | $1M | $41.5K | $390.5K | |
| Current Liabilities | $16M | $16M | $16M | $12M | $11M | $9M | $9M | $8M | $9M | $13M | $4M | $3M | $4M | $2M | $684.5K | $533.2K | |
| Capital Leases | $200.1K | $267.7K | $354.3K | $438.9K | $303.0K | $135.2K | $163.7K | $191.5K | $218.6K | $244.8K | $16.5K | · | · | · | $129.8K | · | |
| Total Liabilities | $45M | $46M | $46M | $44M | $43M | $40M | $48M | $40M | $33M | $30M | $15M | $22M | $19M | $11M | $814.2K | $8M | |
| Paid-in Capital | $173M | $171M | $170M | $160M | $155M | $150M | $147M | $104M | $98M | $93M | $73M | $68M | · | · | $12M | · | |
| Retained Earnings | $-169M | $-163M | $-157M | $-145M | $-133M | $-124M | $-120M | $-99M | $-86M | $-75M | $-62M | $-57M | $-17M | $-8M | $-9M | $-7M | |
| Stockholders' Equity | $4M | $8M | $13M | $15M | $22M | $26M | $27M | $4M | $12M | $18M | $10M | $12M | $-17M | $-8M | $3M | $-7M | |
| Liabilities + Equity | $49M | $54M | $60M | $59M | $65M | $66M | $75M | $44M | $45M | $49M | $25M | $33M | $177M | $176M | $4M | $174M |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $729.2K | $930.9K | $296.6K | $438.4K | $759.7K | $699.2K | $545.3K | $364.8K | $203.5K | |
| Stock-based Comp | $1M | $1M | $3M | $4M | $-69.9K | $4M | $4M | $6M | $5M | $6M | $5M | · | · | · | · | · | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | $716.5K | · | · | $363.1K | $202.7K | |
| Other Non-cash | · | $-886.8K | · | · | · | · | · | · | · | $-130.9K | · | · | · | · | · | · | |
| Operating Cash Flow | $-2M | $-4M | $-3M | $-6M | $-5M | $-6M | $-7M | $-10M | $-10M | $-7M | $-7M | $-16M | $-9M | $-3M | $-2M | $-4M | |
| CapEx | · | · | · | · | · | · | · | · | · | · | $0 | $1 | $99.3K | $13.7K | $8.5K | · | |
| Investing Cash Flow | $-1M | $-1M | $-3M | $-3M | $-3M | $-2M | $-2M | $-1M | $410.8K | $-358.6K | $-1M | $-5M | $-14M | $-783.4K | $-474.2K | · | |
| Stock Issued | · | · | $841.7K | $0 | · | · | $39M | $0 | · | · | $11 | · | · | $3M | $4M | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | · | $200M | · | · | |
| Financing Cash Flow | $192.5K | $1M | $9M | $552.2K | $351.7K | $-72.9K | $40M | $9M | $8M | $-215.9K | $11 | $18M | $20M | $5M | $4M | · | |
| Net Change in Cash | $-4M | $-4M | $4M | $-9M | $-7M | $-8M | $31M | $-2M | $-2M | $-7M | $-9M | $22M | $-591.6K | $2M | · | $-15.5K |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | 63.6% | 67.1% | · | · | · | · | · | · | · | |
| Operating Margin | -67.2% | -75.2% | · | -220.1% | -113.8% | -173.2% | · | -224.7% | -234.4% | -430.1% | · | -639.1% | · | · | · | · | |
| Net Margin | -78.8% | -79.1% | · | -272.0% | -118.1% | -65.9% | · | -200.9% | -187.7% | -362.9% | · | -996.5% | · | · | · | · | |
| Pretax Margin | -73.5% | -79.5% | · | -228.3% | -118.1% | -65.8% | · | -201.1% | -187.5% | -362.9% | · | -996.6% | · | · | · | · | |
| EBITDA Margin | -67.2% | -52.5% | · | -220.1% | -113.8% | -173.2% | · | -224.7% | -234.4% | -421.6% | · | -639.1% | · | · | · | · | |
| ROA | -9.8% | -10.7% | · | -23.2% | -15.1% | -7.8% | · | -33.9% | -10.1% | -11.2% | · | -19.5% | -4.3% | -0.94% | · | 0.21% | |
| ROE | -42.2% | -37.6% | · | -124.2% | -48.2% | -20.1% | · | -165.2% | 475.8% | -241.4% | · | -859.0% | 64.7% | 20.1% | · | -4.1% | |
| ROIC | -114.4% | -73.7% | · | -65.1% | -35.9% | -45.0% | · | -333.4% | -114.9% | -81.5% | · | -112.8% | 18.0% | 27.1% | · | 2.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.7 | · | 2.5 | 3.0 | 4.5 | · | 1.9 | 1.9 | 1.5 | · | 9.5 | 0.3 | 0.8 | · | 1.1 | |
| Quick Ratio | 0.5 | 0.7 | · | 0.9 | 2.0 | 3.4 | · | 0.6 | 0.9 | 0.7 | · | 7.9 | 0.3 | 0.8 | · | 0.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 120.1 | · | -278.0 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.1 | 0.0 | · | 0.0 | · | · | · | · | |
| Inventory Turnover | · | · | · | · | · | · | · | 0.4 | 0.8 | · | · | · | · | · | · | · | |
| Receivables Turnover | 6.4 | 6.3 | · | 10.9 | 14.7 | 13.0 | · | 19.0 | 35.1 | 19.0 | · | 60.1 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $1.96 | $0.15 | · | $0.10 | $0.16 | $0.16 | · | $0.21 | $0.19 | $0.12 | · | $0.08 | · | · | · | · | |
| Cash Flow / Share | · | $-0.08 | · | · | · | $-0.15 | · | · | · | $-0.23 | · | · | · | · | · | · | |
| EPS (TTM) | $-2.19 | $-3.43 | · | $-3.73 | $-3.88 | $-1.46 | · | $-1.29 | $-1.65 | $-2.47 | · | $-2.52 | $-1.93 | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $20M | $16M | · | $8M | $7M | $10M | · | $15M | $14M | $9M | · | $3M | $1M | · | · | · | |
| Net Income TTM | $-36M | $-39M | · | $-46M | $-47M | $-50M | · | $-43M | $-50M | $-59M | · | $-50M | $-32M | $-13M | · | · | |
| P/E | -2.8 | -2.3 | · | -7.7 | -7.9 | -23.5 | · | -28.6 | -34.3 | -32.7 | · | -54.0 | -79.8 | · | · | · | |
| Earnings Yield | -36.2% | -43.1% | · | -13.0% | -12.6% | -4.2% | · | -3.5% | -2.9% | -3.1% | · | -1.8% | -1.2% | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $18M | $10M | $6M | $475.2K | · |
| Operating Margin % | · | -240.1% | -692.0% | · | · |
| Net Income | $-37M | $-58M | $-53M | $-7M | $4M |
| Diluted EPS | $-0.81 | $-1.80 | $-2.43 | $-0.61 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | · | 5.4 | 5.3 | 0.3 | 2.6 |
| Quick Ratio | · | 4.3 | 4.2 | 0.2 | 1.8 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | $-34M | $-26M | · | · |
Institutional owners (13F) 68 filers · $9.0M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
68
Value held
$9.0M
New positions
10
Exited positions
18
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 10 (-5 vs prior Q) | 18 (+5 vs prior Q) | 18 (+5 vs prior Q) | 15 (-8 vs prior Q) | +680K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Coppell Advisory Solutions LLC | $3,764,023 | 50,000 | 42.03% | Shares |
| VANGUARD GROUP INC | $1,415,532 | 1,374,303 | 15.81% | Shares |
| Alyeska Investment Group, L.P. | $614,934 | 1,526,649 | 6.87% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $486,845 | 1,208,053 | 5.44% | Shares |
| Sepio Capital, LP | $484,852 | 1,203,704 | 5.41% | Shares |
| CIBC Private Wealth Group LLC | $340,440 | 178,241 | 3.80% | Shares |
| Harvest Investment Services, LLC | $259,886 | 645,198 | 2.90% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $164,092 | 407,220 | 1.83% | Shares |
| UBS Group AG | $155,865 | 386,761 | 1.74% | Shares |
| Corient Private Wealth LP | $130,820 | 324,776 | 1.46% | Shares |
| BlackRock, Inc. | $100,332 | 249,086 | 1.12% | Shares |
| WOLVERINE TRADING, LLC | $73,678 | 37,400 | 0.82% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $72,594 | 180,134 | 0.81% | Shares |
| CIBC Bancorp USA Inc. | $71,795 | 178,241 | 0.80% | Shares |
| Kingsbury Capital Investment Advisors LLC | $70,492 | 175,004 | 0.79% | Shares |
| KMT WEALTH MANAGEMENT, LLC | $70,492 | 175,004 | 0.79% | Shares |
| STATE STREET CORP | $62,519 | 155,210 | 0.70% | Shares |
| CITADEL ADVISORS LLC | $59,212 | 147,000 | 0.66% | Call option |
| WOLVERINE TRADING, LLC | $59,100 | 30,000 | 0.66% | Put option |
| WOLVERINE TRADING, LLC | $51,066 | 25,922 | 0.57% | Shares |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC | $46,648 | 115,810 | 0.52% | Shares |
| Merit Financial Group, LLC | $37,785 | 93,805 | 0.42% | Shares |
| NORTHERN TRUST CORP | $37,471 | 93,026 | 0.42% | Shares |
| Sage Mountain Advisors LLC | $29,153 | 72,376 | 0.33% | Shares |
| Shay Capital LLC | $24,341 | 60,430 | 0.27% | Shares |
| CVA Family Office, LLC | $23,624 | 58,649 | 0.26% | Shares |
| Moors & Cabot, Inc. | $22,782 | 56,560 | 0.25% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $22,647 | 80,914 | 0.25% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $22,280 | 55,700 | 0.25% | Call option |
| Independent Advisor Alliance | $20,140 | 50,000 | 0.22% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $18,837 | 46,764 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $17,913 | 44,473 | 0.20% | Shares |
| XTX Topco Ltd | $16,717 | 41,503 | 0.19% | Shares |
| JANE STREET GROUP, LLC | $13,816 | 34,300 | 0.15% | Call option |
| GROUP ONE TRADING LLC | $11,020 | 27,358 | 0.12% | Shares |
| NorthCrest Asset Manangement, LLC | $10,366 | 23,885 | 0.12% | Shares |
| Tower Research Capital LLC (TRC) | $8,797 | 21,840 | 0.10% | Shares |
| TORONTO DOMINION BANK | $8,060 | 20,000 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $7,170 | 17,800 | 0.08% | Put option |
| BANK OF AMERICA CORP /DE/ | $7,117 | 17,705 | 0.08% | Shares |
| Capital Investment Counsel, Inc | $6,537 | 16,230 | 0.07% | Shares |
| LPL Financial LLC | $6,446 | 16,002 | 0.07% | Shares |
| Engineers Gate Manager LP | $5,565 | 13,815 | 0.06% | Shares |
| RAYMOND JAMES FINANCIAL INC | $4,436 | 11,013 | 0.05% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $4,294 | 11,270 | 0.05% | Shares |
| OSAIC HOLDINGS, INC. | $2,816 | 7,041 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $2,735 | 6,787 | 0.03% | Shares |
| PNC Financial Services Group, Inc. | $1,801 | 4,468 | 0.02% | Shares |
| Arax Advisory Partners | $1,162 | 2,884 | 0.01% | Shares |
| Geneos Wealth Management Inc. | $1,081 | 2,701 | 0.01% | Shares |
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| J. Nicholas Ayers, Jamie F. Ayers, J. Nicholas Ayers Irrevocable Trust dated October 2021 ×2 filings | June 7, 2024 | · | Initial filing | M&A / sale | SEC |
| Omeed Malik Advisors LLC, Knights Court LLC, Omeed Malik | Sept. 8, 2023 | · | Initial filing | · | SEC |
| Sebastian Harris ×2 filings | Aug. 30, 2023 | · | Initial filing | · | SEC |
| Michael Seifert | July 31, 2023 | · | Initial filing | Passive investment | SEC |
| Davis Pilot, III, Davis Pilot, Jr., Fountain Ripple II, LLC | July 31, 2023 | · | Initial filing | Passive investment | SEC |
| Mason Capital Management LLC, Kenneth M. Garschina, Michael E. Martino ×3 filings | July 21, 2023 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 25 insiders · 15 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael Stephen Seifert | Chief Executive Officer | Nov. 26, 2025 P | 133,955 | 1 | 2 | $-9,766 |
| Michael Pena | Chief Financial Officer | Aug. 11, 2026 A | 12,956 | 0 | 3 | $-6,577 |
| James Rinn | Chief Financial Officer | July 9, 2026 A | 254,864 | 0 | 3 | $-18,196 |
| Bradley Searle | Chief Financial Officer | May 14, 2025 P | 481,000 | 0 | 0 | $0 |
| Krista Wenzel | Chief Accounting Officer | Aug. 11, 2026 A | 14,282 | 0 | 0 | $0 |
| Michael D. Perkins | Chief Operations Officer | Aug. 11, 2026 A | 12,124 | 0 | 0 | $0 |
| Dusty Wunderlich | Chief Strategy Officer | Aug. 11, 2026 C | 68,614 | 0 | 3 | $-25,101 |
| Michael Robert Hebert | Chief People Officer | Nov. 14, 2025 P | 252,876 | 1 | 1 | $-20,996 |
| Brian Billingsley | Pres. of Financial Technology | March 31, 2025 F | 183,216 | 0 | 0 | $0 |
| James Giudice | General Counsel | March 13, 2025 M | 82,230 | 0 | 0 | $0 |
| Randy Scott Carlson | Chief Technology Officer | Jan. 29, 2025 A | 200,506 | 0 | 0 | $0 |
| Sarah Gabel Seifert | Pres. of EveryLife, Inc. | Jan. 29, 2025 A | 134,750 | 0 | 0 | $0 |
| Andrew Weisbecker | Chief Product Officer | Sept. 25, 2024 M | 142,879 | 0 | 0 | $0 |
| Brian Elkins | Chief Info Security Officer | Sept. 25, 2023 A | · | 0 | 0 | $0 |
| Stephen M Moran | Chief Legal Officer, GC, Sec. | Sept. 25, 2023 A | · | 0 | 0 | $0 |
| James Celli | Director | Aug. 13, 2026 A | 30,554 | 0 | 0 | $0 |
| Willie Langston | Director | Aug. 13, 2026 A | 548,982 | 1 | 0 | $25,000 |
| Donald J. Trump JR | Director | Aug. 13, 2026 A | 891,847 | 0 | 0 | $0 |
| Davis Pilot III | Director | Aug. 13, 2026 A | 236,111 | 0 | 0 | $0 |
| Blake Masters | Director | Aug. 13, 2026 A | 13,888 | 0 | 0 | $0 |
| Caitlin Long | Director | Aug. 13, 2026 A | 125,277 | 0 | 0 | $0 |
| James Nicholas Ayers | Director | June 18, 2025 A | 1,463,513 | 0 | 0 | $0 |
| Kelly Lynn Loeffler | Director | Oct. 24, 2024 P | 1,203,704 | 0 | 0 | $0 |
| Omeed Malik | · | Dec. 5, 2024 S | 1,270,111 | 0 | 0 | $0 |
| Sebastian Harris | · | Aug. 25, 2023 D | 438,229 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 2 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
PSQH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 7 analysts
BUY
Median target
$15.00
+219.1%
2 28.6%
Strong Buy
4 57.1%
Buy
1 14.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
1 analysts · 2026-09-29Mean target $15.00 +219.1%
Low$15.00
Mean$15.00
High$15.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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Source: SEC 10-Q filed Aug 4, 2026