Significant Revenue Growth
PSQ Holdings, Inc. increased its net revenue by 308% to $23.2 million in 2024 compared to 2023. The fintech segment alone contributed $10.1 million, with marketplace and brands also showing strong performance.
Expanded Gross Margin
The company's gross margin increased from 33% in 2023 to 61% in 2024, showcasing improved operational efficiency and profitability.
Successful Acquisition of Cordova
The acquisition of Cordova in March 2024 was a pivotal move, allowing the company to integrate consumer finance products and launch a payments platform by late 2024.
Growth in EveryLife Brand
EveryLife, the company's life-affirming baby care brand, experienced 276% year-over-year revenue growth and achieved its first month of positive EBITDA in 2024.
Reduction in Delinquencies and Charge-offs
Despite a credit-challenged year, the company reduced year-over-year delinquencies by 29% and charge-offs by 27% in its buy now, pay later business.
Strong Pipeline for 2025
The company already has over $2.5 billion in signed payments GMV for 2025, more than doubling its position from the end of 2024.
Strategic Partnerships and Product Launches
The launch of ACH processing and automated onboarding functionality signifies the company's strategic growth in its fintech division.