PERSHING SQUARE INC.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
PS$44.20-14.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Condition (Unaudited)
Consolidated Statements of Financial Condition
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets · (Unaudited) | ||
| Cash and cash equivalents | $767,680 | $55,397,767 |
| Restricted cash | 118,935 | 118,935 |
| Prepaid expenses | 4,905,656 | 1,344,606 |
| Due from affiliates(1) | 324,668 | 15,613,554 |
| Investment in HHH, at fair value | 662,580,000 | 717,930,000 |
| Deferred Asset - PS Inc. IPO Shares | 584,658,274 | — |
| Deferred HHH Services Agreement premium | 272,179,582 | 283,158,457 |
| Investment in PSUS, at fair value | 196,110,000 | — |
| Venture investments, at fair value | 79,699,968 | — |
| Investment in PSLP, at fair value(1) | 58,333,957 | 79,288,239 |
| Fixed assets and leasehold improvements (net of accumulated depreciation of $19,268,568 and $17,592,861) | 13,331,522 | 14,983,725 |
| Lease right-of-use assets | 7,760,457 | 28,440,786 |
| Other assets | 1,637,750 | 3,465,870 |
| Performance fees receivable | — | 497,330,469 |
| Deferred sublease incentive | — | 4,129,121 |
| Total assets | $1,882,408,449 | $1,701,201,529 |
| Liabilities | ||
| Accrued compensation and benefits(1) | $15,167,974 | $426,093,557 |
| Accounts payable | 5,115,651 | 8,620,401 |
| Deferred revenue | 3,786,000 | 3,786,000 |
| Loans payable | 294,236,237 | 34,800,000 |
| Deferred tax liability | 124,817,474 | — |
| Operating lease liabilities | 20,504,284 | 42,672,771 |
| Taxes payable | 11,388,571 | 17,029,108 |
| Performance fee distributions payable(1) | — | 54,838,527 |
| Affiliates fee rebate payable | — | 24,143,741 |
| Distributions payable to partners | — | 10,104,536 |
| Total liabilities | 475,016,191 | 622,088,641 |
| Equity | ||
| Common stock, $0.001 par value, 1,000,000,000 shares authorized (400,000,000 and 0 shares outstanding as of September 30, 2026 and December 31, 2025, respectively) | 400,000 | — |
| Additional paid-in-capital | 1,377,120,929 | — |
| Retained earnings (deficit) | (19,883,021) | — |
| Non-controlling interest in consolidated variable interest entities(1) | 49,754,350 | 62,694,884 |
| Partners’ capital controlling interests | — | 1,016,418,004 |
| Total equity | 1,407,392,258 | 1,079,112,888 |
| Total liabilities and equity | $1,882,408,449 | $1,701,201,529 |
(1)
Includes amounts attributable to consolidated variable interest entities (“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.