| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -24,796,213 | -12,813,325 |
| Changes in fair value of warrant liabilities | -7,839,500 | -7,496,500 |
| Changes in fair value of earn-out liabilities | 485,000 | 460,000 |
| Depreciation and amortization | - | 2,893,612 |
| Share-based compensation | 7,975,726 | 3,552,984 |
| Amortization of step-up in loans held for investment | 169,607 | 169,607 |
| Provision for credit losses on loans held for investment | 616,842 | 1,152,420 |
| Origination of loans and leases for resale | 20,534,393 | 14,825,985 |
| Proceeds from sale of loans and leases for resale | 22,792,178 | 16,384,107 |
| Gain on sale of loans and leases | 2,257,785 | 1,558,122 |
| Impairment of lease merchandise | 218,196 | - |
| Depreciation and amortization | 4,700,376 | - |
| Non-cash operating lease expense | 181,183 | 114,410 |
| Accounts receivable | -13,151 | 175,697 |
| Lease receivable | 172,444 | 152,463 |
| Interest receivable | -101,728 | -95,625 |
| Inventory | 55,683 | -122,135 |
| Prepaid expenses and other current assets | 201,005 | -223,867 |
| Deposits | 31,503 | 21,705 |
| Accounts payable | 170,879 | -627,932 |
| Accrued expenses | 464,635 | 249,917 |
| Deferred revenue | 1,785,853 | 2,000,177 |
| Operating lease liabilities | -185,799 | -112,688 |
| Net cash used in operating activities | -17,368,971 | -11,285,556 |
| Additions to lease merchandise, net of disposals | 3,413,454 | 2,194,358 |
| Software development costs | 2,302,514 | 1,554,442 |
| Principal paydowns on loans held for investment | -13,287,697 | -8,911,312 |
| Disbursements for loans held for investment | 14,832,026 | 9,406,157 |
| Purchase of licenses | 455,000 | 455,000 |
| Acquisition of businesses, net of cash acquired | 0 | 0 |
| Net cash used in investing activities | -7,715,297 | -4,698,645 |
| Proceeds from convertible note payable, related party (note 10) | 0 | 0 |
| Proceeds from revolving line of credit | 7,792,305 | 4,761,935 |
| Repayments on revolving line of credit | 7,010,741 | 4,532,580 |
| Proceeds from the issuance of common stock for at-the-market offering | 361,528 | 361,528 |
| Net disbursements for taxes paid related to vesting of employee restricted stock units | 0 | - |
| Cash paid for stock issuance costs | 312,059 | 312,059 |
| Net cash provided by financing activities | 831,033 | 278,824 |
| Net decrease in cash, cash equivalents and restricted cash | -24,253,235 | -15,705,377 |
| Cash and cash equivalents at beginning of period | 36,589,607 | - |
| Cash and cash equivalents at end of period | 12,336,372 | - |
PSQ Holdings, Inc. (PSQH-WT)
PSQ Holdings, Inc. (PSQH-WT)