Yesterday was Q1 earnings day for us at @officialpsq ($PSQH), and the central theme was this: we're exactly where we want to be as a business right now 💯
- Q1 net revenue grew 95% year over year! ($6.7 million in Q1 2025 compared to $3.5 million in Q1 2024).
- Q1 2025 operating expenses decreased 10% year over year. This means we nearly doubled revenue, even while reducing expenses.
- On a related note: one of our operating goals as a company is to become the most efficient team on the planet, and Q1 was a perfect example of that. While many of our competitors had to blow hundreds of millions of dollars to achieve a similar growth stage, we're choosing a lean, tactical, and cash-efficient path to hypergrowth -- and it's working.
- Q1 2025 Gross Margin grew to 58% compared to 43% in Q1 2024.
- We've had a busy first few months of the year in Fintech, between launching our ACH processing product with @Guns_com after they faced cancel culture from their previous provider, coming to the rescue for Tenacity Arms after they were canceled by their payment processor as well, launching our PSQ Payments x Shopify integration (a massive move, as we are now one of the few approved payment companies that merchants can use on their shopify stores, and over 80% of our e-commerce merchants on the PublicSquare Marketplace host their storefronts on Shopify), and continuing to ramp up the onboarding and integration of the many merchants on our waitlist.
- We announced in our earnings call yesterday that we at @everylife received a $2M bulk order from an amazing pregnancy center coalition this week. This is our largest bulk order partnership EVER, and we're excited to hopefully launch many more similar partnerships in the future.
- We also announced that our PublicSquare Marketplace is weeks away from launching our "Made in America" Marketplace evolution. We've been working on this for months and can't wait to share more with you all. In an age where so much is outsourced—products, values, even identity—our Marketplace growth stands as a reminder that America works best when Americans invest in one another.
- We ended the Quarter with $28M in cash (and $0.2M in restricted cash).
- Finally, given our performance in Q1 and our roadmap for the remainder of the year, we want to reaffirm our previously stated guidance of total year-over-year revenue growth of greater than 100% or greater than $46 million in 2025, and our operating expense (defined as general and administrative, sales and marketing, and research and development) decreasing in 2025 from 2024.
Thank you all for being on the journey with us as we build commerce for a better America 🇺🇸
$PSQH