PS - Pershing Square Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$40.17
DETAILS
HIGH:
$49.00
LOW:
$34.00
MEDIAN:
$39.50
CONSENSUS:
$40.17
DOWNSIDE:
4.74%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | 54.2 | 57.5 | 590.8 | 66.2 |
| Cost of Revenue | 100.0 | 9.6 | 464.8 | 24.8 |
| Gross Profit | (45.8) | 47.9 | 126.0 | 41.4 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 27.4 | 0 | 16.6 |
| Other Expenses | 18.4 | 15.4 | 42.3 | 0.6 |
| Operating Expenses | 18.4 | 42.8 | 42.3 | 17.2 |
| Operating Income | ||||
| Operating Income | (64.3) | 5.1 | 83.7 | 24.2 |
| Interest Expense | 2.5 | 0.5 | 0.6 | 0.0 |
| Interest Income | 0.7 | 0.6 | 0.8 | 0 |
| Profitability | ||||
| EBITDA | (29.2) | (156.6) | 86.4 | 24.8 |
| EBIT | (47.3) | (157.2) | 85.9 | 24.2 |
| Income Before Tax | (49.8) | (157.7) | 85.3 | 162.3 |
| Income Tax Expense | (9.3) | 0.9 | 17.3 | 1.3 |
| Net Income | (42.7) | (147.6) | 50.9 | 155.5 |
| Per Share Data | ||||
| EPS (Basic) | -0.11 | -0.37 | 0.13 | 0.39 |
| EPS (Diluted) | -0.11 | -0.37 | 0.13 | 0.39 |
| Shares Outstanding | 400 | 400 | 400 | 400 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 9.0 | 46.8 | 6.8 | 49.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 1.3 | 287.1 | 800.2 | 1.6 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | (283.1) | (238.6) | 7.8 |
| Total Current Assets | 10.3 | 54.6 | 568.5 | 60.6 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 21.8 | 22.4 | 43.4 | 44.6 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 899.9 | 624.0 | 1,030.1 | 804.5 |
| Other Non-Current Assets | 880.7 | 289.4 | 59.2 | 293.1 |
| Total Non-Current Assets | 1,802.4 | 935.9 | 1,132.7 | 1,142.2 |
| Total Assets | 1,812.7 | 990.5 | 2,793.1 | 1,202.8 |
| Current Liabilities | ||||
| Account Payables | 0 | 29.4 | 60.2 | 10.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 3.8 | 0 | 0 |
| Other Current Liabilities | 0 | (33.5) | (111.4) | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 25.5 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 232.0 | 34.8 | 34.8 | 34.8 |
| Deferred Tax Liabilities | 125.5 | 0.7 | 0 | 0 |
| Other Non-Current Liabilities | 21.1 | 45.1 | 540.8 | 3.8 |
| Total Non-Current Liabilities | 403.5 | 106.0 | 622.1 | 80.6 |
| Total Liabilities | 403.5 | 106.0 | 622.1 | 106.1 |
| Stockholders' Equity | ||||
| Common Stock | 0.4 | 838.4 | 0.4 | 1,039.3 |
| Retained Earnings | 25.0 | 0 | (161.1) | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,360.9 | 838.4 | 1,705.3 | 1,039.3 |
| Total Liabilities & Equity | 1,812.7 | 990.5 | 1,701.2 | 1,202.8 |
| Debt Metrics | ||||
| Total Debt | 253.0 | 56.4 | 275.6 | 78.4 |
| Net Debt | 244.0 | 9.6 | 268.7 | 29.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | (42.7) | (158.5) | 50.9 | 155.5 |
| Depreciation & Amortization | 18.1 | 0.6 | 0.6 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | (28.9) | 89.0 | (80.9) | 0 |
| Other Non-Cash Items | 78.9 | 156.9 | 58.1 | (155.5) |
| Operating Cash Flow | 25.4 | 87.9 | 28.7 | 0 |
| Investing Activities | ||||
| Capital Expenditure | (0.0) | (0.0) | (0.0) | 0 |
| Acquisitions | 0 | 0 | 0 | 0 |
| Purchases of Investments | (232.9) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (232.9) | (0.0) | (0.0) | 0 |
| Financing Activities | ||||
| Net Debt Issuance | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | (90.6) | 0 | 0 |
| Dividends Paid | (27.5) | 0 | 0 | 0 |
| Other Financing Activities | 197.0 | (5.9) | (22.5) | 0 |
| Financing Cash Flow | 169.5 | (96.4) | (22.5) | 0 |
| Cash Position | ||||
| Net Change in Cash | 9.0 | (8.6) | 55.5 | 0 |
| Cash at Beginning | 0 | 55.5 | 0 | 0 |
| Cash at End | 9.0 | 47.0 | 55.5 | 0 |
| Free Cash Flow | 25.4 | 87.9 | 28.7 | 0 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 54.2 | 57.5 | 590.8 | 66.2 |
| Gross Profit | (45.8) | 47.9 | 126.0 | 41.4 |
| Operating Income | (64.3) | 5.1 | 83.7 | 24.2 |
| Net Income | (42.7) | (147.6) | 50.9 | 155.5 |
| EPS (Diluted) | -0.11 | -0.37 | 0.13 | 0.39 |
| Balance Sheet | ||||
| Cash & Equivalents | 9.0 | 46.8 | 6.8 | 49.2 |
| Total Assets | 1,812.7 | 990.5 | 2,793.1 | 1,202.8 |
| Total Debt | 253.0 | 56.4 | 275.6 | 78.4 |
| Stockholders' Equity | 1,360.9 | 838.4 | 1,705.3 | 1,039.3 |
| Cash Flow | ||||
| Operating Cash Flow | 25.4 | 87.9 | 28.7 | 0 |
| Capital Expenditure | (0.0) | (0.0) | (0.0) | 0 |
| Free Cash Flow | 25.4 | 87.9 | 28.7 | 0 |