Pershing Square (PS) Income Statement

Pershing Square reported revenue of $750.01M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 64.7% from $455.50M a year earlier. Pershing Square posted a net loss of $210.11M, compared with a net loss of $14.15M a year earlier. Gross margin was 94.6% and operating margin -47.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $54.18M, up 1.9% from the same quarter a year earlier.

Pershing Square Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Pershing Square Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	0.75	0.46	0.51	0.39	0.32	0.23
Cost of Revenue	0.04	0.01	0.23	0.08	0.07	0.06
Gross Profit	0.71	0.44	0.27	0.31	0.25	0.17
Operating Expenses
Research & Development	0.00	-	-	0.00	0.00	0.00
Selling, General & Administrative	1.06	0.39	0.04	0.45	0.40	0.29
Operating Expenses	1.06	0.46	-	0.45	0.40	0.29
Operating Income	-0.35	-0.02	0.24	-0.14	-0.15	-0.12
Other Income/Expense
Interest Income	0.00	0.03	-	0.00	0.00	0.00
Interest Expense	0.01	0.00	-	0.03	0.02	0.01
Other Income/Expense	0.13	0.01	0.01	0.02	0.04	-0.01
Income
Income Before Tax	-0.23	0.02	0.25	-0.13	-0.11	-0.13
Income Tax Expense	-0.05	0.02	0.02	0.00	0.00	0.00
Net Income	-0.21	-0.01	0.21	-0.13	-0.11	-0.08
Net Income - Continuous Operations	-0.18	0.00	-	-0.13	-0.11	-0.08
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-0.22	0.02	0.25	-0.12	-0.12	-0.06
EBIT	-0.22	0.02	0.24	-	-	-
Depreciation & Amortization	0.00	0.00	-	0.02	0.02	0.02
Earnings Per Share
Basic EPS	-1.00	-	-	-1.00	-1.00	-1.00
Diluted EPS	-1.00	-	-	-1.00	-1.00	-1.00
Basic Shares Outstanding	0.40	0.40	-	0.09	0.09	0.06
Diluted Shares Outstanding	0.40	0.40	-	0.09	0.09	0.06

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Pershing Square Financial Statements

What was Pershing Square's revenue in fiscal 2025?

Pershing Square reported revenue of $750.01M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 64.7% from $455.50M a year earlier.

Is Pershing Square profitable?

No. Pershing Square reported a net loss of $210.11M in fiscal 2025. In fiscal 2024 it lost $14.15M.

What is Pershing Square's operating margin?

Pershing Square's operating income was −$354.34M on revenue of $750.01M in fiscal 2025, an operating margin of -47.2%, compared with -4.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition