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AI brief of an SEC Form 8-K · PERSHING SQUARE INC. (PS)

Pershing Square Inc. posts Q3 net loss of $19.9 million; fee-related earnings up 13%

Mixed Impact 3 of 5 earnings Written later

Pershing Square Inc. reported third quarter 2026 GAAP net loss attributable to the company of $19.9 million, or $0.05 per share, compared with net income of $155.5 million, or $0.39 per share, a year earlier. Non-GAAP fee-related earnings rose 13% to $63.7 million, while distributable earnings fell 12% to $49.5 million, or $0.12 per share.

Key points

  • GAAP total revenue was $56.6 million, down from $66.2 million in Q3 2025, with no performance fees recorded in Q3 2026.
  • GAAP operating loss was $20.1 million, including $70.5 million of employee compensation and benefits, which the company's reconciliation says includes $64.8 million of non-cash or non-recurring compensation.
  • Distributable earnings were $49.5 million after $11.5 million of taxes and related payables; the company paid a $0.103 per share dividend on October 20, 2026.
  • Assets under management rose 0.9% in the quarter to $32.8 billion, and net cash and investments were $642 million as of September 30, 2026.

The filing

CompanyPERSHING SQUARE INC. (PS)
Form8-K, current report
Filed with the SECNov 2, 2026, 4:30 PM ET
Accession number0001193125-26-443749

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.