企業概要
PSQ Holdings, Inc. operates as an online marketplace in the United States, utilizing advertising and eCommerce strategies to facilitate transactions, while also providing buy now pay later solutions through a point-of-sale financing platform and payment processing services for merchant customers. The company is classified within the Technology sector and specifically functions in the Software - Application industry, positioning it as a digital infrastructure provider for financial transactions and consumer credit access. Currently, the entity employs 68 individuals to support its operational scale and technological development efforts. With a market capitalization of $27.11M and annualized revenue of $18.22M, PSQH represents a small-cap enterprise with a relatively modest revenue base compared to larger technology peers. This valuation profile indicates that the company is in an early-to-mid growth stage where revenue generation is prioritized over profitability, resulting in a market cap that reflects its potential rather than established earnings power.
財務健全性
The company reported revenue of $18.22M over the trailing twelve months, yet recorded a net income of $-24,896,522 and an EBITDA of $-24,880,150, highlighting a significant divergence between top-line activity and bottom-line profitability. The substantial gap between positive revenue and deeply negative net income reveals a cost structure characterized by high operating expenses that outpace gross profits, likely driven by scaling costs inherent in building a marketplace ecosystem. Free cash flow stands at $-9,407,214, indicating that the company is burning cash to fund its expansion and technological infrastructure rather than generating liquidity for dividends or share buybacks. The gross margin is 69.2%, suggesting efficient pricing power or low cost of goods sold, while the operating margin of -99.3% and profit margin of -200.9% demonstrate severe structural losses relative to sales. On the balance sheet, cash reserves of $14.64M are insufficient to cover total debt of $35.30M, resulting in a debt-to-equity ratio of 262.73% which signifies a highly leveraged position. The current ratio of 2.03 indicates that the company holds twice the amount of current assets relative to current liabilities, suggesting adequate short-term liquidity despite the overall debt burden. Return on Equity is -123.6% and Return on Assets is -29.3%, metrics that reveal management is currently unable to generate returns on the capital invested by shareholders or utilized in assets, reflecting the typical losses seen in pre-profitability software ventures.
バリュエーション評価
The P/E Ratio (TTM) is listed as N/A due to negative earnings, while the Forward P/E is -2.18, a metric that implies the market is pricing in continued earnings contraction or significant restructuring rather than immediate profitability. The price-to-book ratio stands at 1.93, indicating that the stock trades at a premium of 93% above its book value, which may reflect investor optimism regarding future software scalability despite current losses. The price-to-sales ratio is 1.49 and the EV/EBITDA is -1.85, suggesting that valuation is driven purely by sales multiples rather than earnings, a common approach for high-growth technology companies that have not yet achieved profitability. The 52-week high is $2.84 and the 52-week low is $0.48, meaning the stock has exhibited extreme volatility with a trading range of over 500% during the past year. Although the current price cannot be precisely calculated from the provided facts without the real-time share price, the beta of 0.16 indicates that the stock's price volatility is significantly lower than the broader market, behaving more like a defensive asset than typical high-beta technology stocks.
Growth & Income
Revenue growth year-over-year is 109.0%, demonstrating a doubling of sales in the most recent period, whereas earnings growth is N/A because the company remains unprofitable, implying that top-line expansion is occurring at the expense of net income generation. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which confirms that all available cash flow is being retained within the business to fund operations and debt obligations rather than being distributed to shareholders. This reinvestment strategy is typical for small-cap software firms attempting to achieve positive unit economics before returning capital to investors. The overall growth and income profile is defined by aggressive revenue expansion coupled with significant cash burn, a dynamic that relies on successful fundraising or future profitability to sustain operations given the high debt load.