Pineapple Financial Inc. PAPL

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived NYSE

Financial is a Canadian mortgage technology and brokerage company. We provide mortgage brokerage services and technology solutions to

Canadian mortgage agents, brokers, sub-brokers, brokerages and consumers. Through data-driven systems and cloud-based tools, we believe

we offer competitive advantages in the Canadian mortgage industry relative to traditional broker arrangements.

also provide back-office and pre-underwriting support services (together, the "Brokerage Services") to Canadian mortgage

Last close 0.98 2026-10-23
Market cap $24.8M 2026-05-31 share count
52-week range 0.54 - 4.99

Valuation FY2025 figures against the last close

P/S8.3x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-5.31

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $3.0M$2.7M$2.5M$3.6M—
Cost of revenue $1.6M$1.4M$1.1M$2.7M—
Gross profit $1.4M$1.3M$1.4M$883.5K—
SG&A $2.3M$2.4M$2.2M$3.0M—
Total operating expenses $5.9M$6.5M$5.3M$6.4M—
Operating income -$2.9M-$3.8M-$2.8M——
Interest expense —$62.6K$56.3K$94.2K—
Pre-tax income -$3.6M-$4.1M-$2.8M-$2.8M—
Net income -$3.6M-$4.1M-$2.8M-$2.8M—
EPS, basic -5.31-11.46-0.45-0.45—
EPS, diluted -5.31-11.46-0.45-0.45—
Shares, diluted (wtd. avg.) 665,820357,2976.3M6.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Total current assets $2.3M$893.5K$1.7M$4.5M—
Property, plant and equipment $62.0K$152.6K$242.1K$247.7K—
Other intangibles $2.5M$2.2M$2.1M$779.5K—
Total assets $5.4M$4.1M$4.6M$6.4M—
Accounts payable $2.1M$1.1M$605.3K$780.1K—
Short-term debt ——$430.1K——
Total current liabilities $3.0M$1.4M$1.2M$782.1K—
Total liabilities $4.5M$2.7M$2.8M$1.8M—
Retained earnings -$13.4M-$9.8M-$5.7M-$2.8M—
Total equity $906.7K$1.3M$1.8M$4.6M$6.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow -$946.8K-$1.7M-$2.1M-$1.8M—
Depreciation and amortisation $862.1K$838.8K$441.2K$255.9K—
Stock-based compensation $235.0K—$33.1K$723.2K$57.3K
Capital expenditure —$5.0K$62.1K$249.3K—
Investing cash flow -$944.2K-$1.1M-$1.4M-$1.1M—
Financing cash flow $3.5M$2.9M$349.0K-$61.5K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-25-027511.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -6M -4M -2M 0 2M 4M Revenue, FY2022: 3.6M Gross profit, FY2022: 883.5K Net income, FY2022: -2.8M Revenue, FY2023: 2.5M Gross profit, FY2023: 1.4M Net income, FY2023: -2.8M Revenue, FY2024: 2.7M Gross profit, FY2024: 1.3M Net income, FY2024: -4.1M Revenue, FY2025: 3M Gross profit, FY2025: 1.4M Net income, FY2025: -3.6M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $3.6M $2.5M $2.7M $3.0M
Gross profit — $883.5K $1.4M $1.3M $1.4M
Net income — -$2.8M -$2.8M -$4.1M -$3.6M

Recent filings and events

  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed Item 1.01
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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