Earnings ·
PS International reports $10.1M H1 loss as warrant fair value changes drive net loss
PSIGPS International Group Ltd.
PS International Group Ltd. reported a net loss of $10,064,745 for the six months ended June 30, 2026, compared to a net loss of $415,198 in the prior year period. The widening loss was primarily driven by an $11.8 million non-cash charge from changes in the fair value of warrant liabilities and $233,728 in interest expense, partially offset by a $628,406 gain on settlement of warrant liabilities and $2.5 million in gains on marketable equity securities. Revenue increased 14% to $26.5 million from $23.2 million, while gross profit expanded to $129,761 from $212,000. The company also completed a cashless exercise of warrants, issuing approximately 6.75 million additional shares and reducing its accumulated deficit to $25.1 million. PS International Group Ltd. operates as a freight forwarding service provider with global networks.