PSQ Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 17, 2026.
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FY2025 · Filed Mar 17, 2026
PSQH$1.68-13.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, and
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $14,644,384 | $35,727,694 |
| Restricted cash | 1,119,580 | 265,253 |
| Accounts receivable, net | 1,630,987 | 262,084 |
| Lease receivable, net | 156,516 | — |
| Loans held for investment, net of allowance for credit losses of $778,704 and $689,007 as of December 31, 2025 and 2024, respectively | 6,148,072 | 3,986,997 |
| Lease merchandise, net of accumulated depreciation of $938,959 and zero as of December 31, 2025 and 2024, respectively | 960,024 | — |
| Interest receivable | 250,450 | 314,104 |
| Prepaid expenses and other current assets | 2,450,321 | 2,261,435 |
| Current assets held for sale (Note 4) | 4,407,921 | 4,019,595 |
| Total current assets | 31,768,255 | 46,837,162 |
| Loans held for investment, net of allowance for credit losses of $150,702 and $127,038 as of December 31, 2025 and 2024, respectively, non-current | 1,189,832 | 735,118 |
| Lease merchandise, net of accumulated depreciation of $72,335 and zero as of December 31, 2025 and 2024, respectively, non-current | 329,463 | — |
| Property and equipment, net | 187,262 | 275,539 |
| Intangible assets, net | 14,573,323 | 14,635,950 |
| Goodwill | 10,930,978 | 10,930,978 |
| Operating lease right-of-use assets | 669,356 | 274,603 |
| Deposits | 29,939 | 18,589 |
| Non-current assets held for sale (Note 4) | — | 1,185,902 |
| Total assets | $59,678,408 | $74,893,841 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Revolving line of credit | $6,174,546 | $3,777,279 |
| Accounts payable | 5,351,651 | 2,869,272 |
| Accrued expenses | 1,205,386 | 784,724 |
| Operating lease liabilities, current portion | 323,842 | 122,587 |
| Current liabilities held for sale (Note 4) | 2,612,041 | 1,070,557 |
| Total current liabilities | 15,667,466 | 8,624,419 |
| Convertible promissory notes, related party (Note 12) | 20,000,000 | 20,000,000 |
| Convertible promissory notes | 8,449,500 | 8,449,500 |
| Earn-out liabilities | 540,000 | 620,000 |
| Warrant liabilities | 1,230,250 | 10,186,000 |
| Operating lease liabilities | 354,286 | 163,716 |
| Total liabilities | 46,241,502 | 48,043,635 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value; 50,000,000 authorized shares; no shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — |
| Class A Common Stock, $0.0001 par value; 500,000,000 authorized shares; 46,492,639 shares and 39,575,499 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 4,650 | 3,958 |
| Class C Common Stock, $0.0001 par value; 40,000,000 authorized shares; 3,213,678 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 321 | 321 |
| Additional paid in capital | 169,944,031 | 146,746,355 |
| Accumulated deficit | (156,512,096) | (119,900,428) |
| Total stockholders’ equity | 13,436,906 | 26,850,206 |
| Total liabilities and stockholders’ equity | $59,678,408 | $74,893,841 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.