| Schedule of Revenues, Net and Operating Loss |
The following tables set forth the Company’s revenues, net, segment non-GAAP gross profits and segment non-GAAP operating loss and operating loss for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | For the years ended December 31, | | | 2025 | | 2024 | | Revenues, net: | | | | | Financial Technology | | | | | Direct revenue | $ | 2,305,247 | | | $ | 3,269,740 | | | Interest income on loans | 2,556,857 | | | 2,569,061 | | | Loan and lease contracts sold, net | 4,483,499 | | | 4,002,463 | | | Lease merchandise revenue | 3,296,775 | | | — | | Payment processing revenues (1) | 5,577,091 | | | 219,781 | | | Total revenues, net | $ | 18,219,469 | | | $ | 10,061,045 | |
(1)Includes both PSQ Payments and PSQ Impact revenues.
| | | | | | | | | | | | | For the years ended December 31, | | 2025 | | 2024 | | Revenues, net | $ | 18,219,469 | | | $ | 10,061,045 | | Cost of revenues attributable to segments(1) | (5,602,641) | | | (438,144) | | | Segment non-GAAP Gross Profit | 12,616,828 | | | 9,622,901 | | | Operating expenses attributable to segments | (21,748,422) | | | (10,738,319) | | | Segment non-GAAP operating loss | (9,131,594) | | | (1,115,418) | | | Reconciliation of total segment non-GAAP operating loss to operating loss: | | | | | Corporate costs not allocated to segments | (6,166,822) | | | (16,106,785) | | | Transaction costs incurred in connection with acquisitions | — | | | (2,295,502) | | Share-based compensation expense(1) | (10,774,457) | | | (19,835,744) | | | Depreciation and amortization | (5,887,897) | | | (2,347,107) | | | Operating loss | (31,960,770) | | | (41,700,556) | | | Other income, net | 7,064,248 | | | (1,899,647) | | | Loss before income taxes | $ | (24,896,522) | | | $ | (43,600,203) | |
(1)$0.1 million categorized under “Cost of revenue (exclusive of depreciation and amortization expense shown below)” in the Consolidated Statements of Operations has been included in the "Share-based compensation expense" line item.
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