Psq Holdings, Inc. · NYSE:PSQH
Psq — Q2 2026 Earnings Presentation
13 slides from Psq's earnings presentation, Jul 29, 2026
Slide 1: The Pivot Is Working.
P S Q H O L D I N G S • N Y S E : P S Q H The Pivot Is Working. A pure-play payments and financial infrastructure company, building for industries underserved by traditional financial institutions. FIRST QUARTER 2026 INVESTOR OVERVIEW May 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
CAUTIONARY STATEMENT Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and for purposes of the safe harbor provisions under the United
Slide 3: The Strategic Pivot: From multi-segment marketplace to pure-play fintech
THE STRATEGIC PIVOT From multi-segment consumer marketplace to pure-play fintech. THEN • THROUGH MID-2025 NOW • Q1 2026 Three businesses, one company. One focused fintech. Marketplace — consumer-facing directory and shopping platform Marketplace wound down — now reported as discontinued Brands — Eve
Slide 4: One financial-infrastructure stack. Three product pillars.
WHAT WE SELL One financial-infrastructure stack. Three product pillars. PAYMENTS CREDIT • CREDOVA GIVING Merchant payment Consumer lending & Nonprofits & campaigns. processing. lease. Card acceptance and processing infrastructure Point-of-sale consumer credit and lease Specialized payments stack ser
Slide 5: Q1 2026 was our strongest quarter ever.
WHERE WE ARE Q1 2026 was our strongest quarter ever. Two halves of the income statement moved in the right direction in the same quarter — the first full period reflecting our repositioning as a pure-play financial technology company. $8.2M $186.2M $173,583 −18% ▲ 167% YoY ▲ 417% YoY ▲ 287% YoY ▼ $2
Slide 6: Revenue up. Costs down. Operating leverage on the page.
Q1 2026 P&L Revenue up. Costs down. Operating leverage on the page. This is the first full quarter where the pivot to a pure-play fintech model shows up on both halves of the income statement at the same time. 12 REVENUE $10.8M 10 $9.3M +167% $8.8M Driven by Payments, Credova originations, and lease
Slide 7: Payments delivered a step-change. Credit kept growing through a soft market.
PLATFORM SCALE Payments delivered a step-change. Credit kept growing through a soft market. PAYMENTS • Q1 GMV CREDIT • CREDOVA • Q1 GMV Largest GMV quarter ever. Growth from execution, not the market. $186.2M $15.1M ▲ 417% YoY • vs. $36.0M in Q1 2025 ▲ 32% YoY • vs. a soft NICS-adjusted firearms bac
Slide 8: Revenue per employee — the operating model is changing.
OUR NORTH STAR METRIC Revenue per employee — the operating model is changing. +287% YoY $200,0 00 $180,0 00 $173,583 $160,0 00 revenue per full-time employee $140,0 00 Headcount $120,0 00 68 → 47 FTEs (−31%) $100,0 00 $80,00 0 $60,00 0 AI as a force multiplier $44,864 $40,00 0 Machine learning was f
Slide 9: Burn down 36%. Underlying run-rate is materially better than the headline.
CASH & LIQUIDITY Burn down 36%. Underlying run-rate is materially better than the headline. $11.8M $10.1M $7.4M ~$8M Total cash, restricted cash, and Drawn on $10M revolver — extended Annualized cash savings expected from equivalents at 3/31/26 Unrestricted cash on balance sheet through July 2027 re
Slide 10: Held for sale — and stronger heading into the sale process.
BRANDS DIVESTITURE Held for sale — and stronger heading into the sale process. Operational changes since January 2026 have turned Brands operating-income-positive in Q1 — savings that flow through to the ultimate acquirer of the business. STATUS: Actively pursuing sale • Definitive agreement targete
Slide 11: Demand is durable. The team is leaner. The brand is unified.
WHY IT WORKS Demand is durable. The team is leaner. The brand is unified. Underserved demand AI-leveraged operating model Merchants, campaigns, and nonprofits face deplatforming and debanking Five years of machine learning in production — first in Credova pressure from traditional financial institut
Slide 12: Three priorities. The same priorities. Just keep executing.
W H E R E W E ' R E G O I N G Three priorities. The same priorities. Just keep executing. 01 02 03 Grow revenue with Reduce cash burn Path to profitability discipline Continue merchant onboarding in Payments, Q1 underlying burn of ~$2.9M is the level we Revenue per employee is the leading indicator.
Slide 13: Earning trust, quarter after quarter.
P S Q H O L D I N G S • N Y S E : P S Q H Earning trust, quarter after quarter. We are building a payments and financial infrastructure business with lasting value. We serve merchants who need a trusted provider and we earn that trust through consistent performance and staying power. Q4 showed the i