For the year ending 2025-12-31, PSQH had -$20,472,288 decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -36,611,668 |
| Change in fair value of earn-out liabilities | 630,000 |
| Change in fair value of warrant liabilities | -8,955,750 |
| Share-based compensation | 10,774,457 |
| Amortization of step-up in loans held for investment | 169,607 |
| Provision for credit losses on loans held for investment | 1,014,811 |
| Origination of loans and leases for resale | 33,625,191 |
| Proceeds from sale of loans and leases for resale | 38,108,690 |
| Gain on sale of loans and leases | 4,483,499 |
| Impairment of lease merchandise | 466,038 |
| Impairment of software capitalization | 3,596,002 |
| Depreciation and amortization | 6,614,582 |
| Non-cash operating lease expense | 257,657 |
| Accounts receivable | 1,255,540 |
| Lease receivable | 156,516 |
| Interest receivable | -63,654 |
| Inventory | 1,806 |
| Prepaid expenses and other current assets | -534,447 |
| Deposits | 8,178 |
| Accounts payable | 2,705,852 |
| Accrued expenses | 393,087 |
| Deferred revenue | 1,348,451 |
| Operating lease liabilities | -260,585 |
| Net cash used in operating activities | -19,941,398 |
| Additions to lease merchandise, net of disposals | 3,337,606 |
| Software development costs | 2,893,739 |
| Principal paydowns on loans held for investment | -18,838,335 |
| Disbursements for loans held for investment | 22,638,542 |
| Purchase of licenses | 455,000 |
| Acquisition of businesses, net of cash acquired | 0 |
| Net cash used in investing activities | -10,486,552 |
| Proceeds from convertible note payable, related party (note 12) | 0 |
| Net disbursements for taxes paid related to vesting of employee restricted stock units | 0 |
| Proceeds from issuances of common stock and pre-funded warrants, net | 6,720,667 |
| Proceeds from issuances of common stock, net of issuance costs | 1,203,244 |
| Proceeds from revolving line of credit | 11,921,744 |
| Repayments on revolving line of credit | 9,524,477 |
| Cash paid for stock issuance costs | 365,516 |
| Net cash provided by financing activities | 9,955,662 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -20,472,288 |
| Cash, cash equivalents, and restricted cash, beginning of period | 36,589,607 |
| Cash, cash equivalents, and restricted cash, end of the period | 16,117,319 |
PSQ Holdings, Inc. (PSQH)
PSQ Holdings, Inc. (PSQH)