For the quarter ending 2026-03-31, PSQH had -$4,281,349 decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -6,454,937 | -11,815,455 | -11,982,888 | -12,813,325 |
| Changes in fair value of warrant liabilities | -658,250 | -1,116,250 | -343,000 | -7,496,500 |
| Changes in fair value of earn-out liabilities | 38,500 | 145,000 | 25,000 | 460,000 |
| Depreciation and amortization | - | - | - | 2,893,612 |
| Share-based compensation | 1,365,556 | 2,798,731 | 4,422,742 | 3,552,984 |
| Amortization of step-up in loans held for investment | 0 | 0 | 0 | 169,607 |
| Provision for credit losses on loans held for investment | 194,269 | 397,969 | -535,578 | 1,152,420 |
| Origination of loans and leases for resale | 13,460,365 | 13,090,798 | 5,708,408 | 14,825,985 |
| Proceeds from sale of loans and leases for resale | 15,554,070 | 15,316,512 | 6,408,071 | 16,384,107 |
| Gain on sale of loans and leases | 2,093,706 | 2,225,714 | 699,663 | 1,558,122 |
| Impairment of lease merchandise | - | 247,842 | 218,196 | - |
| Impairment of software capitalization | - | 3,596,002 | - | - |
| Impairment (recovery) of lease merchandise | -50,192 | - | - | - |
| Depreciation and amortization | 1,848,044 | 1,914,206 | 4,700,376 | - |
| Non-cash operating lease expense | 78,187 | 76,474 | 66,773 | 114,410 |
| Accounts receivable | 312,613 | 1,268,691 | -188,848 | 175,697 |
| Lease receivable | -62,706 | -15,928 | 19,981 | 152,463 |
| Interest receivable | -4,080 | 38,074 | -6,103 | -95,625 |
| Inventory | -371,311 | -53,877 | 177,818 | -122,135 |
| Prepaid expenses and other current assets | -180,492 | -735,452 | 424,872 | -223,867 |
| Deposits | -18,445 | -23,325 | 9,798 | 21,705 |
| Accounts payable | -611,889 | 2,534,973 | 798,811 | -627,932 |
| Accrued expenses | 103,323 | -71,548 | 214,718 | 249,917 |
| Deferred revenue | -151,700 | -437,402 | -214,324 | 2,000,177 |
| Operating lease liabilities | -76,498 | -74,786 | -73,111 | -112,688 |
| Net cash used in operating activities | -4,128,167 | -2,572,427 | -6,083,415 | -11,285,556 |
| Purchase of licenses | - | 0 | 0 | 455,000 |
| Acquisition of businesses, net of cash acquired | - | 0 | 0 | 0 |
| Additions to lease merchandise, net of disposals | -242,666 | -75,848 | 1,219,096 | 2,194,358 |
| Software development costs | 671,284 | 591,225 | 748,072 | 1,554,442 |
| Principal paydowns on loans held for investment | -3,210,956 | -5,550,638 | -4,376,385 | -8,911,312 |
| Disbursements for loans held for investment | 4,143,133 | 7,806,516 | 5,425,869 | 9,406,157 |
| Net cash used in investing activities | -1,360,795 | -2,771,255 | -3,016,652 | -4,698,645 |
| Proceeds from convertible note payable, related party (note 12) | - | 0 | 0 | 0 |
| Net disbursements for taxes paid related to vesting of employee restricted stock units | - | 0 | 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 | - | 841,716 | 0 | 361,528 |
| Proceeds from revolving line of credit | 4,440,659 | 4,129,439 | 3,030,370 | 4,761,935 |
| Repayments on revolving line of credit | 3,210,955 | 2,513,736 | 2,478,161 | 4,532,580 |
| Cash paid for stock issuance costs | - | 53,457 | 0 | 312,059 |
| Net disbursement for closing costs from private equity transaction | 22,091 | - | - | - |
| Net cash provided by/(used in) financing activities | 1,207,613 | 9,124,629 | 552,209 | 278,824 |
| Net decrease in cash, cash equivalents and restricted cash | -4,281,349 | 3,780,947 | -8,547,858 | -15,705,377 |
| Cash, cash equivalents and restricted cash, beginning of period | 16,117,319 | 12,336,372 | 36,589,607 | - |
| Cash, cash equivalents and restricted cash, end of the period | 11,835,970 | 16,117,319 | 12,336,372 | - |
PSQ Holdings, Inc. (PSQH)
PSQ Holdings, Inc. (PSQH)