PSQ Holdings Inc (PSQH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Will. And welcome everyone to our third quarter 2025 earnings call. We appreciate you all joining us today. And to get us started, I would like to share some of our most notable highlights from the quarter. It was a big one for us. First, we beat our previously issued revenue guidance by 10%. And we are proud to reaffirm fourth quarter 2025, as well as full year 2026 revenue guidance. Secondly, Our FinTech revenue increased 28% quarter over quarter, with our payments revenue increasing 50% quarter over quarter, and our credit revenue increasing 22% quarter over quarter. Third, one year ago, we spoke about how the investments we made in 2024, paired with the restructuring of our business that took place in November of 2024... would lead to a drastic improvement in our ability to generate more revenue while reducing our spend. Today, I am proud and grateful to report that our efforts have paid off, resoundingly. Our net loss has decreased by 33% compared to the prior year period, and our operating expenses decreased 13% compared to the prior year period. I'm incredibly proud of the way our team has executed. We're continuing to leverage strategies to increase our efficiency and we are excited for this positive momentum to continue. Finally, our third quarter performance emphatically affirms our decision made earlier this year that we spoke about on the Q2 earnings call to streamline our focus and double down on FinTech. We continue to see rapid growth in our payments business as we onboard new merchants who are passionate about our commitment to economic liberty and technological excellence. And we expect this momentum to carry into the fourth quarter with our robust onboarding pipeline and anticipated Christmas shopping activity. Additionally, our credit bu...