Consolidated Statements of Operations - USD ($) shares in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue | ||||||
| Total revenues | $ 54,176,772 | $ 53,179,136 | $ 111,683,275 | $ 105,483,725 | ||
| Expenses | ||||||
| Profit-sharing partner compensation | [1] | 69,253,925 | 8,446,608 | 81,020,444 | 23,894,832 | |
| Employee compensation and benefits | 50,307,881 | 3,930,055 | 59,934,686 | 8,070,945 | ||
| General and administrative expense | 12,057,418 | 7,426,352 | 28,044,117 | 17,561,441 | ||
| Affiliates fee rebate | 12,117,456 | 12,658,460 | 26,592,930 | 24,269,983 | ||
| Depreciation and amortization expense | 568,683 | 577,583 | 1,147,919 | 1,155,166 | ||
| Total expenses | 144,305,363 | 33,039,058 | 196,740,096 | 74,952,367 | ||
| Operating income (loss) | (90,128,591) | 20,140,078 | (85,056,821) | 30,531,358 | ||
| Non-operating income (expenses) | ||||||
| Other income (expense) | 16,235,548 | 1,332,282 | 12,907,456 | 2,593,313 | ||
| Interest and dividend income | 720,789 | 5,041,063 | 1,348,735 | 15,502,021 | ||
| Unrealized gain (loss) on HHH shares held at fair value | 74,070,000 | 270,000 | (74,520,000) | 270,000 | ||
| Unrealized gain (loss) on PSUS shares held at fair value | (50,350,000) | (50,350,000) | ||||
| Unrealized gain (loss) on investment in PSLP held at fair value | [1] | 2,149,815 | 8,577,450 | (8,793,965) | 8,670,578 | |
| Interest expense | (2,511,017) | (574,480) | (3,025,313) | (1,162,466) | ||
| Total non-operating income (expenses) | 40,315,135 | 14,646,315 | (122,433,087) | 25,873,446 | ||
| Net income (loss) before taxes | (49,813,456) | 34,786,393 | (207,489,908) | 56,404,804 | ||
| Income tax expense (benefit) | (9,268,642) | 1,927,625 | (8,411,461) | 3,721,974 | ||
| Net income (loss) | (40,544,814) | 32,858,768 | (199,078,447) | 52,682,830 | ||
| Less: Net (income) loss attributable to non-controlling interest | (2,150,571) | (9,189,165) | 8,793,209 | (9,282,397) | ||
| Net income (loss) attributable to PS Inc. | $ (42,695,385) | $ 23,669,603 | $ (190,285,238) | $ 43,400,433 | ||
| Net income (loss) per share of common stock | ||||||
| Net income (loss) per share of common stock, basic | $ (0.11) | $ 0.06 | $ (0.48) | $ 0.11 | ||
| Net income (loss) per share of common stock, diluted | $ (0.11) | $ 0.06 | $ (0.48) | $ 0.11 | ||
| Weighted-average shares of common stock outstanding | ||||||
| Weighted Average Number of Shares Outstanding, Basic | 400 | 400 | 400 | 400 | ||
| Weighted-average shares of common stock outstanding,diluted | 400 | 400 | 400 | 400 | ||
| Management fees, net of contra-revenue | ||||||
| Revenue | ||||||
| Total revenues | $ 54,175,665 | $ 50,757,686 | $ 111,682,168 | $ 102,960,055 | ||
| Performance Fees | ||||||
| Revenue | ||||||
| Total revenues | [1] | $ 1,107 | $ 2,421,450 | $ 1,107 | $ 2,523,670 | |
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- Definition Affiliates fee rebate. No definition available.
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- Definition Profit-sharing partner compensation. No definition available.
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- Definition Unrealized gain (loss) on HHH shares held at fair value. No definition available.
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- Definition Unrealized gain (Loss) on PSUS shares held at fair value. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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