Card grading giant PSA nets $200 million investment for expansion

Collectors president Ryan Hoge spoke with The Athletic about the investment and planned expansion.

“ To maintain the PSA standard at this scale, we have to grow holistically. This expansion impacts the entire life cycle of a collectible—from a larger, more efficient receiving and logistics area to an expanded grading floor that accommodates our growing team.

We are also significantly increasing our PSA Vault footprint to ensure we provide the most secure environment for the high-value collections entrusted to us.”

Part of the expansion and investment will be to create more than 1,000 new jobs at the company. Those who submit cards for grading will likely be intrigued by this option, as currently it can take up to 160 business days to receive your graded submission back from the company, depending on the level of service you pay for.

So far, PSA has graded more than 8 million cards in 2026, a 39% year-over-year increase. This is a trend that is measured and that Hoge says is part of why the expansion is necessary.

“We do not view the current demand as a temporary surge.

The global collecting community has experienced a historic and sustained boom, and the market has fundamentally matured. … Every dollar of this $200 million is backed by exhaustive data modeling to ensure we are building a sustainable infrastructure that protects the health of the hobby for the next decade, not just the next month.”

PSA is headquartered in Southern California but, over the last five years, has opened additional facilities in Florida, New Jersey, Texas and Tokyo. Each grader at the company must go through “Graders University,” a collectors' training program for product trading, and part of the investment will go toward streamlining and expanding that venture, per Hoge.

“A portion of this investment is dedicated to ‘Graders University,’ our industry-leading training program. Every new PSA grader must complete this rigorous curriculum and execute thousands of supervised evaluations before grading independently.

Part of our $200 million commitment is integrating new technology directly into that training process and expanding education on emerging counterfeit techniques, ensuring our experts have the best possible education before they ever touch a customer’s card.”

The hobby has a history of predominantly being focused on sports cards. In more recent years, increased interest in Pokémon, trading card games (TCG), and non-sports cards led Collectors to increase their efforts to expand to meet the ever-increasing demands of the public.

If the numbers continue to increase the way they have for PSA, this may not be the last expansion in the company’s future.