PSQ Holdings Q4 revenue up 109% to $7.3M; FY net loss narrows 37%

PSQ Holdings, Inc.

Q4 net revenue $7.3M (+109% YoY); full-year net revenue $18.2M (+81% YoY).
Net loss improved: Q4 $11.8M (vs $20.7M), FY $36.6M (vs $57.7M); loss per share improved 62% Q4, 55% FY.
Operating expense down 21% ($10.3M reduction); staff reductions >40% with ~$8M annualized cash savings.
Marketplace segment wound down as of Dec 31, 2025; Brands segment sale process ongoing, expected H1 2026 deal.
Cash & restricted cash $16.1M; $6.2M drawn on $10M revolver; $1.5M used to hold consumer receivables.

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