<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019ea7c2-6b3f-7bfe-b930-6ed5e1f894de,g:6caf9ba9-6143-4595-b923-0e9edd9c5959-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://www.publicsq.com/role/CondensedConsolidatedBalanceSheets" xlink:type="simple" xlink:href="psqh-20260630.xsd#CondensedConsolidatedBalanceSheets"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/CondensedConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019ea7c2-6c09-73f0-baaa-18d52d8215c9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019ea7c2-6c09-73f0-baaa-18d52d8215c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashCurrent_019ea7c2-6c09-7132-bf76-32ded56cc524" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCashCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_RestrictedCashCurrent_019ea7c2-6c09-7132-bf76-32ded56cc524" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_019ea7c2-6c09-7575-a146-6823183503d5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_019ea7c2-6c09-7575-a146-6823183503d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_LeaseReceivableNetCurrent_019ea7c2-6c09-7bb2-a596-f3c7e3e1d97a" xlink:href="psqh-20260630.xsd#psqh_LeaseReceivableNetCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_psqh_LeaseReceivableNetCurrent_019ea7c2-6c09-7bb2-a596-f3c7e3e1d97a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossCurrent_019ea7c2-6c09-7446-a6de-4758d8ded84e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossCurrent_019ea7c2-6c09-7446-a6de-4758d8ded84e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciationCurrent_019ea7c2-6c09-7196-9da8-7981f248c192" xlink:href="psqh-20260630.xsd#psqh_PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciationCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_psqh_PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciationCurrent_019ea7c2-6c09-7196-9da8-7981f248c192" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivableCurrent_019ea7c2-6c09-70ae-8d92-4d8ec5572cac" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestReceivableCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_InterestReceivableCurrent_019ea7c2-6c09-70ae-8d92-4d8ec5572cac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019ea7c2-6c09-7804-8b7d-9ba88f273044" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019ea7c2-6c09-7804-8b7d-9ba88f273044" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6c09-7b00-bfa2-900f00fc1444" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7023-9532-7f41846b5c37" xlink:to="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6c09-7b00-bfa2-900f00fc1444" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7fae-bfa2-1cdff3751b96" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_AssetsCurrent_019ea7c2-6c09-7fae-bfa2-1cdff3751b96" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent_019ea7c2-6c09-7663-addf-3fbf91db4a2c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent_019ea7c2-6c09-7663-addf-3fbf91db4a2c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciationNoncurrent_019ea7c2-6c09-76f6-9cfe-f6544f07cfaa" xlink:href="psqh-20260630.xsd#psqh_PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciationNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_psqh_PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciationNoncurrent_019ea7c2-6c09-76f6-9cfe-f6544f07cfaa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019ea7c2-6c09-741c-a417-0c767d54a951" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_019ea7c2-6c09-741c-a417-0c767d54a951" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019ea7c2-6c09-7396-9407-225df0f9721b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019ea7c2-6c09-7396-9407-225df0f9721b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019ea7c2-6c09-7b17-b5f2-75f57a63c7a2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_Goodwill_019ea7c2-6c09-7b17-b5f2-75f57a63c7a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_019ea7c2-6c09-7bb0-9e73-ff93efaaa6f2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_019ea7c2-6c09-7bb0-9e73-ff93efaaa6f2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepositsAssetsNoncurrent_019ea7c2-6c09-7b64-be5d-b2dd510ad104" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepositsAssetsNoncurrent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019ea7c2-6c09-7c86-8ac5-656c4ef4248e" xlink:to="loc_us-gaap_DepositsAssetsNoncurrent_019ea7c2-6c09-7b64-be5d-b2dd510ad104" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019ea7c2-6c09-7ae6-b778-199b8e6461ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7aa5-8b2c-d8d295283745" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019ea7c2-6c09-7ae6-b778-199b8e6461ec" xlink:to="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7aa5-8b2c-d8d295283745" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermNotesPayable_019ea7c2-6c09-75da-87fe-f7070564b920" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLongTermNotesPayable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019ea7c2-6c09-7ae6-b778-199b8e6461ec" xlink:to="loc_us-gaap_OtherLongTermNotesPayable_019ea7c2-6c09-75da-87fe-f7070564b920" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_EarnoutLiabilities_019ea7c2-6c09-76fa-898c-375050f3f403" xlink:href="psqh-20260630.xsd#psqh_EarnoutLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019ea7c2-6c09-7ae6-b778-199b8e6461ec" xlink:to="loc_psqh_EarnoutLiabilities_019ea7c2-6c09-76fa-898c-375050f3f403" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WarrantsAndRightsOutstanding_019ea7c2-6c09-780f-9a84-0e41a01cd2df" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WarrantsAndRightsOutstanding"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019ea7c2-6c09-7ae6-b778-199b8e6461ec" xlink:to="loc_us-gaap_WarrantsAndRightsOutstanding_019ea7c2-6c09-780f-9a84-0e41a01cd2df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_019ea7c2-6c09-7d4d-93e6-4aae46ea4c67" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019ea7c2-6c09-7ae6-b778-199b8e6461ec" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_019ea7c2-6c09-7d4d-93e6-4aae46ea4c67" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019ea7c2-6c09-7a11-a8bb-83bc966a3bda" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019ea7c2-6c09-7ff2-9902-5a33b6bf8814" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019ea7c2-6c09-7a11-a8bb-83bc966a3bda" xlink:to="loc_us-gaap_Liabilities_019ea7c2-6c09-7ff2-9902-5a33b6bf8814" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_019ea7c2-6c09-75b2-81c7-f75017483137" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019ea7c2-6c09-7a11-a8bb-83bc966a3bda" xlink:to="loc_us-gaap_CommitmentsAndContingencies_019ea7c2-6c09-75b2-81c7-f75017483137" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7898-8913-b7a746b17878" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019ea7c2-6c09-7a11-a8bb-83bc966a3bda" xlink:to="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7898-8913-b7a746b17878" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7ab9-a70e-685e1b043f1c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LinesOfCreditCurrent_019ea7c2-6c09-7d99-bb9a-256e9252d630" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LinesOfCreditCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7ab9-a70e-685e1b043f1c" xlink:to="loc_us-gaap_LinesOfCreditCurrent_019ea7c2-6c09-7d99-bb9a-256e9252d630" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_019ea7c2-6c09-7ae5-b73b-3328c3cb99dc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7ab9-a70e-685e1b043f1c" xlink:to="loc_us-gaap_AccountsPayableCurrent_019ea7c2-6c09-7ae5-b73b-3328c3cb99dc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrent_019ea7c2-6c09-7514-8953-5643fee03c31" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccruedLiabilitiesCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7ab9-a70e-685e1b043f1c" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrent_019ea7c2-6c09-7514-8953-5643fee03c31" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityCurrent_019ea7c2-6c09-79fb-a67b-616d8eb43cf9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLiabilityCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7ab9-a70e-685e1b043f1c" xlink:to="loc_us-gaap_OperatingLeaseLiabilityCurrent_019ea7c2-6c09-79fb-a67b-616d8eb43cf9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6c09-707c-a86e-c85d3630e012" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019ea7c2-6c09-7ab9-a70e-685e1b043f1c" xlink:to="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6c09-707c-a86e-c85d3630e012" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7c3d-a6e4-e0f919780c5a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_019ea7c2-6c09-7cb9-bb8c-d1b522a28d5c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PreferredStockValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7c3d-a6e4-e0f919780c5a" xlink:to="loc_us-gaap_PreferredStockValue_019ea7c2-6c09-7cb9-bb8c-d1b522a28d5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019ea7c2-6c09-71ce-8da9-a43dc56081b3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7c3d-a6e4-e0f919780c5a" xlink:to="loc_us-gaap_CommonStockValue_019ea7c2-6c09-71ce-8da9-a43dc56081b3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_019ea7c2-6c09-7e13-914e-1d9bda2f278c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7c3d-a6e4-e0f919780c5a" xlink:to="loc_us-gaap_AdditionalPaidInCapital_019ea7c2-6c09-7e13-914e-1d9bda2f278c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019ea7c2-6c09-712d-80da-53e6d694855a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019ea7c2-6c09-7c3d-a6e4-e0f919780c5a" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019ea7c2-6c09-712d-80da-53e6d694855a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/CondensedConsolidatedStatementsofOperationsUnaudited" xlink:type="simple" xlink:href="psqh-20260630.xsd#CondensedConsolidatedStatementsofOperationsUnaudited"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/CondensedConsolidatedStatementsofOperationsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019ea7c2-6c09-7275-a202-c3b55a4f0506" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_019ea7c2-6c09-71d8-9e22-bd516ac634a0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019ea7c2-6c09-7275-a202-c3b55a4f0506" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperations_019ea7c2-6c09-71d8-9e22-bd516ac634a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_019ea7c2-6c09-7934-b988-eb75f7f62ff9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019ea7c2-6c09-7275-a202-c3b55a4f0506" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_019ea7c2-6c09-7934-b988-eb75f7f62ff9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-74c8-af5a-697f5277d068" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostsAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_019ea7c2-6c09-7834-a8a8-55fc6ba2eb87" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-74c8-af5a-697f5277d068" xlink:to="loc_us-gaap_DepreciationAndAmortization_019ea7c2-6c09-7834-a8a8-55fc6ba2eb87" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSoldDepreciation_019ea7c2-6c09-7e7c-ac71-656637d3327b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostOfGoodsAndServicesSoldDepreciation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-74c8-af5a-697f5277d068" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSoldDepreciation_019ea7c2-6c09-7e7c-ac71-656637d3327b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingAndMarketingExpense_019ea7c2-6c09-7986-8002-4024450551a8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SellingAndMarketingExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-74c8-af5a-697f5277d068" xlink:to="loc_us-gaap_SellingAndMarketingExpense_019ea7c2-6c09-7986-8002-4024450551a8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019ea7c2-6c09-7159-bd68-3f53e009f235" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-74c8-af5a-697f5277d068" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019ea7c2-6c09-7159-bd68-3f53e009f235" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResearchAndDevelopmentExpense_019ea7c2-6c09-7313-bbe0-33b3f5bcb589" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ResearchAndDevelopmentExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-74c8-af5a-697f5277d068" xlink:to="loc_us-gaap_ResearchAndDevelopmentExpense_019ea7c2-6c09-7313-bbe0-33b3f5bcb589" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_019ea7c2-6c09-7a1d-947f-c48daa51586b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_019ea7c2-6c09-74a5-a4a3-9630a53aad63" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareBasic_019ea7c2-6c09-7a1d-947f-c48daa51586b" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_019ea7c2-6c09-74a5-a4a3-9630a53aad63" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_019ea7c2-6c09-7c13-bc70-f34c724c5184" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareBasic_019ea7c2-6c09-7a1d-947f-c48daa51586b" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_019ea7c2-6c09-7c13-bc70-f34c724c5184" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6c09-766a-b0d0-fea85e4b6ddb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019ea7c2-6c09-7d49-8c69-0ba4f4ace009" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6c09-766a-b0d0-fea85e4b6ddb" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019ea7c2-6c09-7d49-8c69-0ba4f4ace009" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-7c14-8b4a-4396b96b974c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostsAndExpenses"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6c09-766a-b0d0-fea85e4b6ddb" xlink:to="loc_us-gaap_CostsAndExpenses_019ea7c2-6c09-7c14-8b4a-4396b96b974c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_019ea7c2-6c09-71c3-b5fc-a7310e6c9373" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_019ea7c2-6c09-78eb-aba8-0a11ee2bd1a6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareDiluted_019ea7c2-6c09-71c3-b5fc-a7310e6c9373" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_019ea7c2-6c09-78eb-aba8-0a11ee2bd1a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_019ea7c2-6c09-776e-8f34-710fade20394" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareDiluted_019ea7c2-6c09-71c3-b5fc-a7310e6c9373" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_019ea7c2-6c09-776e-8f34-710fade20394" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_019ea7c2-6c09-792a-91b3-5a6fe15b4e70" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-757a-b93b-bb1c904fbe82" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperations_019ea7c2-6c09-792a-91b3-5a6fe15b4e70" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-757a-b93b-bb1c904fbe82" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019ea7c2-6c09-7638-8e86-a7e3023f1af5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperations_019ea7c2-6c09-792a-91b3-5a6fe15b4e70" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019ea7c2-6c09-7638-8e86-a7e3023f1af5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-7d2f-aa23-162c09990455" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6c09-7109-a38b-06df37e95983" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-7d2f-aa23-162c09990455" xlink:to="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6c09-7109-a38b-06df37e95983" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019ea7c2-6c09-7374-a3db-2b4a452899c1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-7d2f-aa23-162c09990455" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019ea7c2-6c09-7374-a3db-2b4a452899c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_ChangeInFairValueOfEarnoutLiabilities_019ea7c2-6c09-7f63-933d-c1f0018c6b5d" xlink:href="psqh-20260630.xsd#psqh_ChangeInFairValueOfEarnoutLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-7d2f-aa23-162c09990455" xlink:to="loc_psqh_ChangeInFairValueOfEarnoutLiabilities_019ea7c2-6c09-7f63-933d-c1f0018c6b5d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAdjustmentOfWarrants_019ea7c2-6c09-7a95-a8c9-09dfca347c10" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAdjustmentOfWarrants"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-7d2f-aa23-162c09990455" xlink:to="loc_us-gaap_FairValueAdjustmentOfWarrants_019ea7c2-6c09-7a95-a8c9-09dfca347c10" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_019ea7c2-6c09-7e69-9734-d74ffdd35cc8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestIncomeExpenseNonoperatingNet"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6c09-7d2f-aa23-162c09990455" xlink:to="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_019ea7c2-6c09-7e69-9734-d74ffdd35cc8" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/CondensedConsolidatedStatementsofCashFlowsUnaudited" xlink:type="simple" xlink:href="psqh-20260630.xsd#CondensedConsolidatedStatementsofCashFlowsUnaudited"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/CondensedConsolidatedStatementsofCashFlowsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7329-9761-5f85ac32531b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_019ea7c2-6cc4-7921-b420-0d7b66c502b4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromLinesOfCredit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7329-9761-5f85ac32531b" xlink:to="loc_us-gaap_ProceedsFromLinesOfCredit_019ea7c2-6cc4-7921-b420-0d7b66c502b4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_019ea7c2-6cc4-7c03-94fb-96b2e07b5a6f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepaymentsOfLinesOfCredit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7329-9761-5f85ac32531b" xlink:to="loc_us-gaap_RepaymentsOfLinesOfCredit_019ea7c2-6cc4-7c03-94fb-96b2e07b5a6f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfFinancingCosts_019ea7c2-6cc4-7665-b63d-bd5be77b8589" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsOfFinancingCosts"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7329-9761-5f85ac32531b" xlink:to="loc_us-gaap_PaymentsOfFinancingCosts_019ea7c2-6cc4-7665-b63d-bd5be77b8589" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019efe39-08d8-7676-856a-9a2d6077c952" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7329-9761-5f85ac32531b" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019efe39-08d8-7676-856a-9a2d6077c952" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfStockIssuanceCosts_019efe39-08d8-78fd-aeb8-2320dc4d176f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsOfStockIssuanceCosts"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7329-9761-5f85ac32531b" xlink:to="loc_us-gaap_PaymentsOfStockIssuanceCosts_019efe39-08d8-78fd-aeb8-2320dc4d176f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019ea7c2-6cc4-7c1b-8ddf-8ac339c7b1bd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_NetIncomeLoss_019ea7c2-6cc4-7c1b-8ddf-8ac339c7b1bd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAdjustmentOfWarrants_019ea7c2-6cc4-7ae5-b36f-dae943c49c2f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAdjustmentOfWarrants"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_FairValueAdjustmentOfWarrants_019ea7c2-6cc4-7ae5-b36f-dae943c49c2f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_ChangeInFairValueOfEarnoutLiabilities_019ea7c2-6cc4-7f26-bca3-2889956650b8" xlink:href="psqh-20260630.xsd#psqh_ChangeInFairValueOfEarnoutLiabilities"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_psqh_ChangeInFairValueOfEarnoutLiabilities_019ea7c2-6cc4-7f26-bca3-2889956650b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019ea7c2-6cc4-7da4-9154-214bf24e76f2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_ShareBasedCompensation_019ea7c2-6cc4-7da4-9154-214bf24e76f2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_019ea7c2-6cc4-77df-b6fa-243bc7300e24" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_019ea7c2-6cc4-77df-b6fa-243bc7300e24" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProvisionForOtherLosses_019ea7c2-6cc4-7fde-a044-73e6697046f8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProvisionForOtherLosses"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_ProvisionForOtherLosses_019ea7c2-6cc4-7fde-a044-73e6697046f8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_OriginationOfLoansAndLeasesForResale_019ea7c2-6cc4-796d-adb0-4446321017ad" xlink:href="psqh-20260630.xsd#psqh_OriginationOfLoansAndLeasesForResale"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_psqh_OriginationOfLoansAndLeasesForResale_019ea7c2-6cc4-796d-adb0-4446321017ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_019ea7c2-6cc4-7399-938b-8a79253e5cbb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_019ea7c2-6cc4-7399-938b-8a79253e5cbb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_GainOnSaleOfLoansAndLeases_019ea7c2-6cc4-7058-b0b2-a6412062b582" xlink:href="psqh-20260630.xsd#psqh_GainOnSaleOfLoansAndLeases"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_psqh_GainOnSaleOfLoansAndLeases_019ea7c2-6cc4-7058-b0b2-a6412062b582" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_ImpairmentRecoveryOfLeasehold_019ea7c2-6cc4-76ca-b106-f498f0a466f6" xlink:href="psqh-20260630.xsd#psqh_ImpairmentRecoveryOfLeasehold"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_psqh_ImpairmentRecoveryOfLeasehold_019ea7c2-6cc4-76ca-b106-f498f0a466f6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_019fa54b-602f-70dc-a9a5-9ab809695bf7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_019fa54b-602f-70dc-a9a5-9ab809695bf7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019ea7c2-6cc4-7a03-b660-0e59ba053e59" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019ea7c2-6cc4-7a03-b660-0e59ba053e59" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashExpense_019ea7c2-6cc4-7e85-8df3-b3dfe3328468" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNoncashExpense"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_OtherNoncashExpense_019ea7c2-6cc4-7e85-8df3-b3dfe3328468" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019ea7c2-6cc4-7362-8811-c650ba66bec6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:calculationArc order="14" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019ea7c2-6cc4-7362-8811-c650ba66bec6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInLeasingReceivables_019ea7c2-6cc4-706e-9791-caf91f42903b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInLeasingReceivables"/>
    <link:calculationArc order="15" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInLeasingReceivables_019ea7c2-6cc4-706e-9791-caf91f42903b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_019ea7c2-6cc4-704f-96bd-c50d7612e89a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet"/>
    <link:calculationArc order="16" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_019ea7c2-6cc4-704f-96bd-c50d7612e89a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_019ea7c2-6cc4-7c06-8a63-ef7f17e2e653" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:calculationArc order="17" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_019ea7c2-6cc4-7c06-8a63-ef7f17e2e653" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019ea7c2-6cc4-7930-94b9-5dc1056beecb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <link:calculationArc order="18" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019ea7c2-6cc4-7930-94b9-5dc1056beecb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDepositOtherAssets_019ea7c2-6cc4-7454-afc4-1e882d76ee22" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInDepositOtherAssets"/>
    <link:calculationArc order="19" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInDepositOtherAssets_019ea7c2-6cc4-7454-afc4-1e882d76ee22" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019ea7c2-6cc4-7619-985b-6a646b92734d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsPayable"/>
    <link:calculationArc order="20" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019ea7c2-6cc4-7619-985b-6a646b92734d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_019ea7c2-6cc4-7d29-9a79-63e25a721e4f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities"/>
    <link:calculationArc order="21" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_019ea7c2-6cc4-7d29-9a79-63e25a721e4f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_019ea7c2-6cc4-7e26-a48a-1ef3fd3fc871" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInContractWithCustomerLiability"/>
    <link:calculationArc order="22" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_019ea7c2-6cc4-7e26-a48a-1ef3fd3fc871" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLeaseLiability_019ea7c2-6cc4-79c7-9269-510819744562" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOperatingLeaseLiability"/>
    <link:calculationArc order="23" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7d37-83db-87dd8466ef6e" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingLeaseLiability_019ea7c2-6cc4-79c7-9269-510819744562" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7d58-bd13-f17ea2b26d23" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_PaymentsToAcquireEquipmentOnLeaseNetOfDisposal_019ea7c2-6cc4-757d-a952-90d91bcc8a95" xlink:href="psqh-20260630.xsd#psqh_PaymentsToAcquireEquipmentOnLeaseNetOfDisposal"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7d58-bd13-f17ea2b26d23" xlink:to="loc_psqh_PaymentsToAcquireEquipmentOnLeaseNetOfDisposal_019ea7c2-6cc4-757d-a952-90d91bcc8a95" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToDevelopSoftware_019ea7c2-6cc4-79da-af97-ac2ca87a9408" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToDevelopSoftware"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7d58-bd13-f17ea2b26d23" xlink:to="loc_us-gaap_PaymentsToDevelopSoftware_019ea7c2-6cc4-79da-af97-ac2ca87a9408" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromLoansReceivable_019ea7c2-6cc4-7db8-b26a-5bd313645f1b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsForProceedsFromLoansReceivable"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7d58-bd13-f17ea2b26d23" xlink:to="loc_us-gaap_PaymentsForProceedsFromLoansReceivable_019ea7c2-6cc4-7db8-b26a-5bd313645f1b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_PaymentsToPrincipalPaydownsOnLoanReceivables_019ea7c2-6cc4-7da7-a519-c2fb0cc49692" xlink:href="psqh-20260630.xsd#psqh_PaymentsToPrincipalPaydownsOnLoanReceivables"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7d58-bd13-f17ea2b26d23" xlink:to="loc_psqh_PaymentsToPrincipalPaydownsOnLoanReceivables_019ea7c2-6cc4-7da7-a519-c2fb0cc49692" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireIntangibleAssets_019efdd2-26d9-7824-be3a-7dc81d014b7f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquireIntangibleAssets"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7d58-bd13-f17ea2b26d23" xlink:to="loc_us-gaap_PaymentsToAcquireIntangibleAssets_019efdd2-26d9-7824-be3a-7dc81d014b7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019ea7c2-6cc4-7a7e-a150-30d8b8bfb06f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7e59-8e2f-d44d4713f554" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019ea7c2-6cc4-7a7e-a150-30d8b8bfb06f" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019ea7c2-6cc4-7e59-8e2f-d44d4713f554" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7488-a39c-575cb447b57d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019ea7c2-6cc4-7a7e-a150-30d8b8bfb06f" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019ea7c2-6cc4-7488-a39c-575cb447b57d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7124-93c0-898d9b012c9b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019ea7c2-6cc4-7a7e-a150-30d8b8bfb06f" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019ea7c2-6cc4-7124-93c0-898d9b012c9b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019ea7c2-6cc4-780f-9b69-4cb4a372b0a3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019ea7c2-6cc4-7f5b-be51-e4d10ce3226b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019ea7c2-6cc4-780f-9b69-4cb4a372b0a3" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019ea7c2-6cc4-7f5b-be51-e4d10ce3226b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashCurrent_019ea7c2-6cc4-783d-a7dd-1b00f3e93a79" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCashCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019ea7c2-6cc4-780f-9b69-4cb4a372b0a3" xlink:to="loc_us-gaap_RestrictedCashCurrent_019ea7c2-6cc4-783d-a7dd-1b00f3e93a79" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_CashAndCashEquivalentDiscontinuedOperation_019ea7c2-6cc4-74bc-9f8b-ba365abae18a" xlink:href="psqh-20260630.xsd#psqh_CashAndCashEquivalentDiscontinuedOperation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019ea7c2-6cc4-780f-9b69-4cb4a372b0a3" xlink:to="loc_psqh_CashAndCashEquivalentDiscontinuedOperation_019ea7c2-6cc4-74bc-9f8b-ba365abae18a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/DiscontinuedOperationsScheduleofOperatingResultsDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#DiscontinuedOperationsScheduleofOperatingResultsDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/DiscontinuedOperationsScheduleofOperatingResultsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-7a6e-91e6-bf1974069f32" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_019ea7c2-6cc4-7a60-97e1-0b18706ddf47" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-7a6e-91e6-bf1974069f32" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_019ea7c2-6cc4-7a60-97e1-0b18706ddf47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_DisposalGroupIncludingDiscontinuedOperationCostsOfRevenues_019ea7c2-6cc4-7912-b2e0-48db27da924a" xlink:href="psqh-20260630.xsd#psqh_DisposalGroupIncludingDiscontinuedOperationCostsOfRevenues"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-7a6e-91e6-bf1974069f32" xlink:to="loc_psqh_DisposalGroupIncludingDiscontinuedOperationCostsOfRevenues_019ea7c2-6cc4-7912-b2e0-48db27da924a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_019ea7c2-6cc4-759c-9d79-d576ec4a18be" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-7a6e-91e6-bf1974069f32" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_019ea7c2-6cc4-759c-9d79-d576ec4a18be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_019ea7c2-6cc4-71b6-b38c-66256e9b06a3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-7a6e-91e6-bf1974069f32" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_019ea7c2-6cc4-71b6-b38c-66256e9b06a3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization_019ea7c2-6cc4-77e1-b144-ba1cea144f9c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-7a6e-91e6-bf1974069f32" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization_019ea7c2-6cc4-77e1-b144-ba1cea144f9c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_019ea7c2-6cc4-7604-b7a2-1a09e878ed3f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-73b1-abc7-30b12cc6e961" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_019ea7c2-6cc4-7604-b7a2-1a09e878ed3f" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_019ea7c2-6cc4-73b1-abc7-30b12cc6e961" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpenses_019ea7c2-6cc4-7b39-89e9-9050b18d2576" xlink:href="psqh-20260630.xsd#psqh_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpenses"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_019ea7c2-6cc4-7604-b7a2-1a09e878ed3f" xlink:to="loc_psqh_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpenses_019ea7c2-6cc4-7b39-89e9-9050b18d2576" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_019efea0-e736-74ee-9978-49db32989f8a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_019ea7c2-6cc4-7604-b7a2-1a09e878ed3f" xlink:to="loc_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_019efea0-e736-74ee-9978-49db32989f8a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/DiscontinuedOperationsScheduleofAssetsandliabilitiesDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#DiscontinuedOperationsScheduleofAssetsandliabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/DiscontinuedOperationsScheduleofAssetsandliabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6cc4-7c0c-ab33-48afc311b65e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent_019ea7c2-6cc4-7175-8922-17e5d4806cce" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6cc4-7c0c-ab33-48afc311b65e" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent_019ea7c2-6cc4-7175-8922-17e5d4806cce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent_019ea7c2-6cc4-77f9-8cd7-60f94580927d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6cc4-7c0c-ab33-48afc311b65e" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent_019ea7c2-6cc4-77f9-8cd7-60f94580927d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent_019ea7c2-6cc4-7a75-bd7a-bef15b98b4ee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent_019ea7c2-6cc4-7c0c-ab33-48afc311b65e" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent_019ea7c2-6cc4-7a75-bd7a-bef15b98b4ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_019ea7c2-6cc4-7d6d-84d8-75dd59e119ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_019ea7c2-6cc4-7d6d-84d8-75dd59e119ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet_019ea7c2-6cc4-717e-a03d-0c3926930dea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet_019ea7c2-6cc4-717e-a03d-0c3926930dea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationInventoryCurrent_019ea7c2-6cc4-7988-aee6-ec7e64ca1ec9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationInventoryCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationInventoryCurrent_019ea7c2-6cc4-7988-aee6-ec7e64ca1ec9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent_019ea7c2-6cc4-7354-937d-61875180a0e2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent_019ea7c2-6cc4-7354-937d-61875180a0e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent_019ea7c2-6cc4-7585-bbdd-1226047c0e42" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent_019ea7c2-6cc4-7585-bbdd-1226047c0e42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_DisposalGroupIncludingDiscontinuedOperationDepositsCurrent_019ea7c2-6cc4-74e8-bfa6-4a95ce4d5454" xlink:href="psqh-20260630.xsd#psqh_DisposalGroupIncludingDiscontinuedOperationDepositsCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_019ea7c2-6cc4-78cb-9d65-fb1b2cbca563" xlink:to="loc_psqh_DisposalGroupIncludingDiscontinuedOperationDepositsCurrent_019ea7c2-6cc4-74e8-bfa6-4a95ce4d5454" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/AcquisitionsScheduleofAssetAcquisitionDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#AcquisitionsScheduleofAssetAcquisitionDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/AcquisitionsScheduleofAssetAcquisitionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionConsiderationTransferred_019ea7c2-6cc4-7d86-b130-d6d44a35980e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionConsiderationTransferred"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable_019ea7c2-6cc4-73f3-bd21-25d6b1fc8db6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetAcquisitionConsiderationTransferred_019ea7c2-6cc4-7d86-b130-d6d44a35980e" xlink:to="loc_us-gaap_AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable_019ea7c2-6cc4-73f3-bd21-25d6b1fc8db6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionConsiderationTransferredContingentConsideration_019ea7c2-6cc4-754c-b2b9-c2543c56b575" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionConsiderationTransferredContingentConsideration"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetAcquisitionConsiderationTransferred_019ea7c2-6cc4-7d86-b130-d6d44a35980e" xlink:to="loc_us-gaap_AssetAcquisitionConsiderationTransferredContingentConsideration_019ea7c2-6cc4-754c-b2b9-c2543c56b575" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/GoodwillandIntangibleAssetsNetScheduleofIntangibleAssetsNetDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#GoodwillandIntangibleAssetsNetScheduleofIntangibleAssetsNetDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/GoodwillandIntangibleAssetsNetScheduleofIntangibleAssetsNetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019ea7c2-6cc4-749d-b9a1-492ba34f9aad" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019ea7c2-6cc4-75a6-a4f7-4ed91bce4580" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsGrossExcludingGoodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019ea7c2-6cc4-749d-b9a1-492ba34f9aad" xlink:to="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019ea7c2-6cc4-75a6-a4f7-4ed91bce4580" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019ea7c2-6cc4-7b88-be01-6a2d6bba3a84" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019ea7c2-6cc4-749d-b9a1-492ba34f9aad" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019ea7c2-6cc4-7b88-be01-6a2d6bba3a84" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019ea7c2-6cc4-7444-b778-ebb605b22d81" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsGrossExcludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019ea7c2-6cc4-7076-a098-a8724fe43166" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019ea7c2-6cc4-7444-b778-ebb605b22d81" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019ea7c2-6cc4-7076-a098-a8724fe43166" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_019ea7c2-6cc4-76b5-b426-40b61e1502f7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019ea7c2-6cc4-7444-b778-ebb605b22d81" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_019ea7c2-6cc4-76b5-b426-40b61e1502f7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/GoodwillandIntangibleAssetsNetScheduleofEstimatedFutureAmortizationExpenseDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#GoodwillandIntangibleAssetsNetScheduleofEstimatedFutureAmortizationExpenseDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/GoodwillandIntangibleAssetsNetScheduleofEstimatedFutureAmortizationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019ea7c2-6cc4-7f06-8756-f4e5de28add6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019ea7c2-6cc4-7f06-8756-f4e5de28add6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019ea7c2-6cc4-755a-92d6-4b241951c825" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019ea7c2-6cc4-755a-92d6-4b241951c825" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019ea7c2-6cc4-774b-b0d3-9c13f4a75975" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019ea7c2-6cc4-774b-b0d3-9c13f4a75975" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019ea7c2-6cc4-776d-bb52-4edafd76865b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019ea7c2-6cc4-776d-bb52-4edafd76865b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019ea7c2-6cc4-7cdc-a196-43dbdbc1ee54" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019ea7c2-6cc4-7cdc-a196-43dbdbc1ee54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_019ea7c2-6cc4-7c75-9219-241e87bdfdc9" xlink:href="psqh-20260630.xsd#psqh_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019ea7c2-6cc4-7344-9eb4-f0b58c0091d4" xlink:to="loc_psqh_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_019ea7c2-6cc4-7c75-9219-241e87bdfdc9" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/LoansHeldforInvestmentNetScheduleofCompanysLoansHeldforInvestmentDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#LoansHeldforInvestmentNetScheduleofCompanysLoansHeldforInvestmentDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/LoansHeldforInvestmentNetScheduleofCompanysLoansHeldforInvestmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019ea7c2-6cc4-702f-b091-a9db542e5709" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_019ea7c2-6cc4-7851-ab01-d4e764b202c4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019ea7c2-6cc4-702f-b091-a9db542e5709" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_019ea7c2-6cc4-7851-ab01-d4e764b202c4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_019ea7c2-6cc4-7b5a-847c-8ad54789f98f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019ea7c2-6cc4-702f-b091-a9db542e5709" xlink:to="loc_us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_019ea7c2-6cc4-7b5a-847c-8ad54789f98f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/LoansHeldforInvestmentNetScheduleofFinancingReceivableCreditQualityIndicatorsDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#LoansHeldforInvestmentNetScheduleofFinancingReceivableCreditQualityIndicatorsDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/LoansHeldforInvestmentNetScheduleofFinancingReceivableCreditQualityIndicatorsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_019ea7c2-6cc4-72f7-9987-e8ee97ddf5f5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear_019ea7c2-6cc4-73de-9f94-003b1fa5056e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_019ea7c2-6cc4-72f7-9987-e8ee97ddf5f5" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear_019ea7c2-6cc4-73de-9f94-003b1fa5056e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear_019ea7c2-6cc4-7025-b4bf-8f60a41490a6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_019ea7c2-6cc4-72f7-9987-e8ee97ddf5f5" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear_019ea7c2-6cc4-7025-b4bf-8f60a41490a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanTwoYearsBeforeCurrentFiscalYear_019ea7c2-6cc4-7fd3-bc52-830290751cea" xlink:href="psqh-20260630.xsd#psqh_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanTwoYearsBeforeCurrentFiscalYear"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss_019ea7c2-6cc4-72f7-9987-e8ee97ddf5f5" xlink:to="loc_psqh_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanTwoYearsBeforeCurrentFiscalYear_019ea7c2-6cc4-7fd3-bc52-830290751cea" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/LeaseMerchandiseNetScheduleofLeaseMerchandiseDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#LeaseMerchandiseNetScheduleofLeaseMerchandiseDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/LeaseMerchandiseNetScheduleofLeaseMerchandiseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet_019ea7c2-6cc4-76c7-abdf-0b446ad6aed0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseGross_019ea7c2-6cc4-74d3-87e7-c953edb8c6af" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet_019ea7c2-6cc4-76c7-abdf-0b446ad6aed0" xlink:to="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseGross_019ea7c2-6cc4-74d3-87e7-c953edb8c6af" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation_019ea7c2-6cc4-714d-8a2d-84f6fc967bcf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNet_019ea7c2-6cc4-76c7-abdf-0b446ad6aed0" xlink:to="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation_019ea7c2-6cc4-714d-8a2d-84f6fc967bcf" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/FairValueMeasurementsScheduleofAssetsandLiabilitiesSubjecttoFairValueMeasurementsDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#FairValueMeasurementsScheduleofAssetsandLiabilitiesSubjecttoFairValueMeasurementsDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/FairValueMeasurementsScheduleofAssetsandLiabilitiesSubjecttoFairValueMeasurementsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosure_019ea7c2-6cc5-70bf-a3ae-70675110b956" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesFairValueDisclosure"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WarrantsAndRightsOutstanding_019ea7c2-6cc5-78d4-8aeb-2e51c0565158" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WarrantsAndRightsOutstanding"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosure_019ea7c2-6cc5-70bf-a3ae-70675110b956" xlink:to="loc_us-gaap_WarrantsAndRightsOutstanding_019ea7c2-6cc5-78d4-8aeb-2e51c0565158" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationLiability_019ea7c2-6cc5-7249-bc31-e7b1521674bd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BusinessCombinationContingentConsiderationLiability"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosure_019ea7c2-6cc5-70bf-a3ae-70675110b956" xlink:to="loc_us-gaap_BusinessCombinationContingentConsiderationLiability_019ea7c2-6cc5-7249-bc31-e7b1521674bd" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.publicsq.com/role/SegmentsScheduleofOperatingLossSegmentsDetails" xlink:type="simple" xlink:href="psqh-20260630.xsd#SegmentsScheduleofOperatingLossSegmentsDetails"/>
  <link:calculationLink xlink:role="http://www.publicsq.com/role/SegmentsScheduleofOperatingLossSegmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-783b-b051-0ed9f518d9ea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_SegmentOperatingIncomeLoss_019ea7c2-6cc5-7733-865c-d534de26105e" xlink:href="psqh-20260630.xsd#psqh_SegmentOperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-783b-b051-0ed9f518d9ea" xlink:to="loc_psqh_SegmentOperatingIncomeLoss_019ea7c2-6cc5-7733-865c-d534de26105e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_019ea7c2-6cc5-7a57-9663-dd1258eb203b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-783b-b051-0ed9f518d9ea" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_019ea7c2-6cc5-7a57-9663-dd1258eb203b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeBenefitsAndShareBasedCompensation_019ea7c2-6cc5-79d8-a227-1b0e4198978d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EmployeeBenefitsAndShareBasedCompensation"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-783b-b051-0ed9f518d9ea" xlink:to="loc_us-gaap_EmployeeBenefitsAndShareBasedCompensation_019ea7c2-6cc5-79d8-a227-1b0e4198978d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_019ea7c2-6cc5-7d60-8dce-b15c4004f9de" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-783b-b051-0ed9f518d9ea" xlink:to="loc_us-gaap_DepreciationAndAmortization_019ea7c2-6cc5-7d60-8dce-b15c4004f9de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6cc5-7850-91bb-b010cbd72c64" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-70ac-86e0-5212a68498ac" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6cc5-7850-91bb-b010cbd72c64" xlink:to="loc_us-gaap_OperatingIncomeLoss_019ea7c2-6cc5-70ac-86e0-5212a68498ac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019ea7c2-6cc5-7476-a50e-a069488ffe80" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019ea7c2-6cc5-7850-91bb-b010cbd72c64" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019ea7c2-6cc5-7476-a50e-a069488ffe80" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_SegmentGrossProfit_019ea7c2-6cc5-721f-9a23-83d07405d601" xlink:href="psqh-20260630.xsd#psqh_SegmentGrossProfit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019ea7c2-6cc5-7cf4-8c0e-7aec274e2785" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_psqh_SegmentGrossProfit_019ea7c2-6cc5-721f-9a23-83d07405d601" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019ea7c2-6cc5-7cf4-8c0e-7aec274e2785" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfRevenue_019ea7c2-6cc5-789f-b33a-d3e46a60b4db" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostOfRevenue"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_psqh_SegmentGrossProfit_019ea7c2-6cc5-721f-9a23-83d07405d601" xlink:to="loc_us-gaap_CostOfRevenue_019ea7c2-6cc5-789f-b33a-d3e46a60b4db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_SegmentOperatingIncomeLoss_019ea7c2-6cc5-795a-be4e-2c7f80b4aa4c" xlink:href="psqh-20260630.xsd#psqh_SegmentOperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_psqh_SegmentGrossProfit_019ea7c2-6cc5-7812-a9a0-b4e469df3f68" xlink:href="psqh-20260630.xsd#psqh_SegmentGrossProfit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_psqh_SegmentOperatingIncomeLoss_019ea7c2-6cc5-795a-be4e-2c7f80b4aa4c" xlink:to="loc_psqh_SegmentGrossProfit_019ea7c2-6cc5-7812-a9a0-b4e469df3f68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019ea7c2-6cc5-77b1-a3ee-fe36dc3ab59f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_psqh_SegmentOperatingIncomeLoss_019ea7c2-6cc5-795a-be4e-2c7f80b4aa4c" xlink:to="loc_us-gaap_OperatingExpenses_019ea7c2-6cc5-77b1-a3ee-fe36dc3ab59f" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
