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MARKETS / NYSE / PAPL
NYSE · FINANCE SERVICES · SMALL CAP

Pineapple Financial Inc. PAPL

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.0M
▲ 11.1% YoY
$-3.6M
In brief

What this company does

We provide mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages and consumers. As of the date of this filing, we have 39 full-time employees. We currently operate in Canada, with active brokerage operations in Ontario, Newfoundland and Labrador, New Brunswick, Nova Scotia, British Columbia, Prince Edward Island, Manitoba and Alberta. In fiscal 2025, we established a digital asset treasury strategy (the “Treasury Strategy”) as a component of our corporate treasury and strategic partnership program.

Written from the business description in Pineapple Financial Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 December 2025. Every sentence was checked against that document before publication.

Growth
USD 3.0M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 3.0 · Net income -3.6
2M-2M-4M2022202320242025
Compound annual growth
−6.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−122 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -98.7% · Net -121.8%
-50%-100%-150%2022202320242025
ROE
FY2025 · ROE -322.6%
-100%-200%-300%2022202320242025

Each USD of equity lost 323 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -1.7
-0.8M-1.6M2022202320242025

Total assetsUSD 5.4M
EquityUSD 906,679.00
Current ratio0.77×

Equity funds 17% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue $B0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0
Income tax $B····
Net income $B−0.0−0.0−0.0−0.0
Free cash flow $B·−0.0−0.0−0.0
EPS, diluted $−5.31−11.46−0.45−0.45
Dividend / sh $····
Payout %····
ROE %−322.6−261.7−87.6−48.7
Shares out B0.000.000.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 17 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 74 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityFinance Services
Listed onNYSE
Incorporated inoutside the United States — SEC code A1
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company, smaller reporting company
Data on record since2021

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