Pineapple Financial Inc. PAPL
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
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.) | $665.8K | $357.3K | $6.3M | $6.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
Others in SIC 6199
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO | $220.26B | 21.2x | 6.4% |
| MSTR | Strategy Inc | $50.34B | — | 3.0% |
| COIN | Coinbase Global, Inc. | $48.64B | 41.5x | 9.4% |
| SYF | Synchrony Financial | $26.00B | 8.6x | — |
| CRCL | Circle Internet Group, Inc. | $25.33B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $23.53B | 46.7x | 23.1% |
| IREN | IREN Ltd | $15.97B | — | 41.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $15.06B | 1.9x | 84.1% |