PSQ Holdings, Inc. (PSQH)

PSQ Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-45.53	-57.69	-53.33	-6.98	-2.29
Depreciation & Amortization	5.76	3.26	2.44	0.9	0.12
Loss (Gain) From Sale of Assets	-4.22	-4	-	-	-
Loss (Gain) From Sale of Investments	-	-	-0.17	-	-
Stock-Based Compensation	11.84	20.72	6.71	-	-
Other Operating Activities	0.68	1.13	14.42	-	-
Change in Accounts Receivable	0.19	-0.24	-0.2	-	-
Change in Inventory	-1.22	-1.22	-1.44	-	-
Change in Accounts Payable	0.01	-1.74	2.71	0.28	0.17
Change in Unearned Revenue	1.27	-0.17	0.18	0.05	-
Change in Other Net Operating Assets	1.63	0.77	2.93	-0.28	-0.03
Operating Cash Flow	-24.37	-34.13	-25.76	-6.03	-2.02
Capital Expenditures	-	-	-0.11	-0.03	-
Cash Acquisitions	-	0.14	-	-	-
Sale (Purchase) of Intangibles	-3.62	-3.68	-3.38	-1.52	-0.82
Investment in Securities	-	-	0.17	-	-
Investing Cash Flow	-9.79	-3.02	-3.32	-1.55	-0.82
Short-Term Debt Issued	-	7.02	-	-	-
Long-Term Debt Issued	-	20	22.5	-	-
Total Debt Issued	14.81	27.02	22.5	-	-
Short-Term Debt Repaid	-	-8.56	-	-	-
Total Debt Repaid	-13.36	-8.56	-	-	-
Net Debt Issued (Repaid)	1.45	18.46	22.5	-	-
Issuance of Common Stock	39.68	39.3	2.6	9.52	3.32
Repurchase of Common Stock	-	-0.47	-	-	-
Other Financing Activities	-0.31	-	18.1	-	-
Financing Cash Flow	40.82	57.29	43.2	9.52	3.32
Net Cash Flow	6.66	20.14	14.12	1.93	0.48
Free Cash Flow	-24.37	-34.13	-25.88	-6.06	-2.02
Free Cash Flow Margin	-88.51%	-147.11%	-455.10%	-1276.18%	-22870.00%
Free Cash Flow Per Share	-0.57	-1.07	-1.18	-0.53	-5.18
Levered Free Cash Flow	-15.68	-20.71	-16.03	-4.99	-
Unlevered Free Cash Flow	-13.51	-19.27	-15.92	-4.99	-
Change in Working Capital	1.88	-2.6	4.17	0.05	0.15

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q