Colombier Acquisition Corp.

Colombier Acquisition Corp. reported net loss of $36.6M for FY 2025, improved 37% from $57.7M in FY 2024, driven by operational efficiencies and non-operating gains. Revenues grew 81% YoY to $18.2M, fueled by payment processing at $5.6M and new lease merchandise revenue of $3.3M, despite a strategic shift from credit GMV which declined 18% to $48.9M. Operating loss narrowed 23% to $32.0M from $41.7M, reflecting $14.0M in expense savings, lower share-based compensation, and cost reductions. Cash used in operations improved to $19.9M from $34.1M, with total cash and equivalents at $16.4M end-period. Balance sheet shows total assets $59.7M, liabilities $46.2M, equity $13.4M. FinTech segment dominates, with PSQ Payments GMV surging 2816% to $308.8M. Management focuses on FinTech growth, cost discipline, and Brands segment monetization expected in H1 2026, amid NYSE compliance challenges and liquidity measures including staff reductions for $8.0M annualized savings.

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