PSQ Holdings Inc (PSQH) reported a sharp top-line acceleration in QQ1 2025, with revenue rising 95% year over year to $6.75 million, driven by the fintech division, the PSQ payments platform, and the EveryLife brand. Despite the pace of growth, GAAP profitability remained negative as operating expenses stayed elevated in the hyper-growth phase. Management highlighted meaningful progress on cost discipline and margin expansion, aided by AI-assisted operations and a shrinking customer acquisition cost (CAC) trajectory in fintech. The company reported a cash-rich balance sheet (~$28.1 million in cash) and a $10 million revolving credit facility in place, providing liquidity runway to expand onboarding and GMV ramp across segments. Management reaffirmed its guidance for greater than 100% year-over-year revenue growth in 2025 (to >$46 million) and targeted positive operating cash flow by year-end, supported by a ramp in GMV in Q2 and beyond, as well as anticipated margin expansion through scale and efficiency gains across the fintech, marketplace, and brand divisions.