PSQ (PSQH) investor relations material

Executive summary

• Revenue grew 167% year-over-year in Q1 2026 to $8.2 million, with operating expenses down 18% and operating loss improving by 34%.

• Strategic repositioning completed, focusing exclusively on Financial Technology after discontinuing Marketplace and Brands segments; ongoing sale process for Brands segment.

• Leadership changes included new CEO, CFO, and board restructuring; company no longer a controlled company under NYSE rules.

• Restructuring actions, including a 41% staff reduction, resulted in $8 million in annualized cash savings.

• Received NYSE non-compliance notice regarding market capitalization and share price; business plan submitted to regain compliance.

Financial highlights

• Net revenue from continuing operations was $8.2 million, up from $3.1 million in Q1 2025, driven by FinTech expansion and PSQ Payments launch.

• Operating loss was $6.1 million, a 34% improvement from $9.3 million in the prior year quarter; non-GAAP operating loss was $0.9 million, a 70% improvement year-over-year.

• Net loss was $6.5 million, compared to $4.4 million in Q1 2025, mainly due to lower non-cash gains from warrant and earn out liability revaluation.

• Operating cash burn improved 36% year-over-year to $4.1 million.

• Cash and cash equivalents at quarter-end were $10.1 million, with net working capital of $11.2 million.

Outlook and guidance

• Focus remains on disciplined revenue growth, reducing cash burn, and driving toward profitability.

• Management expects sufficient liquidity for at least 12 months, supported by cash, anticipated proceeds from Brands segment sale, and $48.8 million available under an at-the-market equity program.

• Ongoing cost reduction initiatives, including staff and contractor cuts, are expected to yield $8 million in annualized savings.

• Expect continued improvement in revenue per employee and operating leverage as AI and infrastructure investments scale.

• Ongoing sale process for the Brands segment, with proceeds expected to support fintech operations.