PERSHING SQUARE INC.
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 13, 2026
PS$44.20-14.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations (Unaudited)
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | ||||
| Management fees, net of contra-revenue | $54,175,665 | $50,757,686 | $111,682,168 | $102,960,055 |
| Performance fees(1) | 1,107 | 2,421,450 | 1,107 | 2,523,670 |
| Total revenue | 54,176,772 | 53,179,136 | 111,683,275 | 105,483,725 |
| Expenses | ||||
| Profit-sharing partner compensation(1) | 69,253,925 | 8,446,608 | 81,020,444 | 23,894,832 |
| Employee compensation and benefits | 50,307,881 | 3,930,055 | 59,934,686 | 8,070,945 |
| General and administrative expense | 12,057,418 | 7,426,352 | 28,044,117 | 17,561,441 |
| Affiliates fee rebate | 12,117,456 | 12,658,460 | 26,592,930 | 24,269,983 |
| Depreciation and amortization expense | 568,683 | 577,583 | 1,147,919 | 1,155,166 |
| Total expenses | 144,305,363 | 33,039,058 | 196,740,096 | 74,952,367 |
| Operating income (loss) | (90,128,591) | 20,140,078 | (85,056,821) | 30,531,358 |
| Non-operating income (expenses) | ||||
| Other income (expense) | 16,235,548 | 1,332,282 | 12,907,456 | 2,593,313 |
| Interest and dividend income | 720,789 | 5,041,063 | 1,348,735 | 15,502,021 |
| Unrealized gain (loss) on HHH shares held at fair value | 74,070,000 | 270,000 | (74,520,000) | 270,000 |
| Unrealized gain (loss) on PSUS shares held at fair value | (50,350,000) | — | (50,350,000) | — |
| Unrealized gain (loss) on investment in PSLP held at fair value(1) | 2,149,815 | 8,577,450 | (8,793,965) | 8,670,578 |
| Interest expense | (2,511,017) | (574,480) | (3,025,313) | (1,162,466) |
| Total non-operating income (expenses) | 40,315,135 | 14,646,315 | (122,433,087) | 25,873,446 |
| Net income (loss) before taxes | (49,813,456) | 34,786,393 | (207,489,908) | 56,404,804 |
| Income tax expense (benefit) | (9,268,642) | 1,927,625 | (8,411,461) | 3,721,974 |
| Net income (loss) | (40,544,814) | 32,858,768 | (199,078,447) | 52,682,830 |
| Less: Net (income) loss attributable to non-controlling interest | (2,150,571) | (9,189,165) | 8,793,209 | (9,282,397) |
| Net income (loss) attributable to PS Inc. | $(42,695,385) | $23,669,603 | $(190,285,238) | $43,400,433 |
| Net income (loss) per share of common stock | ||||
| Basic and diluted | $(0.11) | $0.06 | $(0.48) | $0.11 |
| Weighted-average shares of common stock outstanding | ||||
| Basic and diluted | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 |
(1)
Includes amounts attributable to consolidated VIEs for which Pershing Square Inc. does not have any direct equity interests.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.