PAPL · Pineapple Financial Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $707.3K | $721.7K | $746.9K | $743.3K | $766.1K | $736.4K | $784.9K | $569.4K | - | - |
| Cost of Revenue | $361.8K | $363.5K | $241.9K | $344.6K | $414.3K | - | - | $654.3K | - | - |
| Gross Profit | $345.6K | $358.3K | $505.0K | $398.7K | $351.8K | - | - | ($85.0K) | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $659.9K | $394.9K | $527.8K | $572.9K | $417.4K | $698.6K | $592.2K | $699.7K | - | - |
| Total Operating Expenses | $18.52M | $7.28M | $1.44M | $1.34M | $1.46M | $1.41M | $1.44M | $1.45M | - | - |
| D&A | $242.2K | $185.5K | $219.4K | $242.2K | $137.4K | $220.2K | $161.0K | $88.4K | - | - |
| Operating Income | ($17.82M) | ($6.56M) | ($696.5K) | ($598.9K) | ($693.5K) | ($896.1K) | ($659.3K) | ($762.1K) | - | - |
| Interest Expense | - | $236.9K | - | - | - | - | $28.4K | $21.4K | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($19.50M) | ($6.44M) | ($1.72M) | ($595.4K) | ($656.9K) | ($848.6K) | ($657.5K) | ($897.8K) | - | - |
| EPS - Basic | ($1.21) | ($4.79) | ($0.05) | ($1.80) | ($2.60) | ($2.60) | ($2.00) | ($2.80) | - | - |
| EPS - Diluted | ($1.21) | ($4.79) | ($0.05) | ($1.80) | ($2.60) | ($2.60) | ($2.00) | ($2.40) | - | - |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.74M | $1.48M | $2.12M | $493.6K | $619.6K | $580.4K | $1.34M | $2.34M | $720.4K | $3.90M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $23.36M | $1.79M | $2.32M | $870.9K | $957.1K | $893.5K | $2.42M | $3.42M | $1.70M | $4.48M |
| Total Assets | $48.87M | $10.63M | $5.42M | $3.96M | $4.14M | $4.10M | $5.57M | $6.42M | $4.63M | $6.43M |
| Current Liabilities | $20.27M | $14.79M | $3.00M | $2.13M | $1.79M | $1.40M | $1.19M | $1.13M | $1.17M | $782.1K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $21.77M | $16.12M | $4.51M | $3.22M | $2.99M | $2.75M | $2.62M | $2.81M | $2.84M | $1.80M |
| Stockholders' Equity | $27.10M | ($5.49M) | $906.7K | $739.7K | $1.15M | $1.35M | $2.95M | $3.86M | $1.79M | $4.63M |
| Retained Earnings | ($39.33M) | ($19.83M) | ($13.40M) | ($11.01M) | ($10.41M) | ($9.76M) | ($7.19M) | ($6.55M) | ($5.66M) | ($2.85M) |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($489.7K) | - | - | ($663.6K) | - | - | ($1.16M) | - | - |
| Investing Cash Flow | - | ($12.11M) | - | - | ($282.3K) | - | - | ($268.9K) | - | - |
| Financing Cash Flow | - | $11.95M | - | - | $1.19M | - | - | ($15.0K) | - | - |
| CapEx | - | $1.9K | - | - | - | - | - | $39.7K | - | - |
| Free Cash Flow | - | ($491.7K) | - | - | - | - | - | ($1.20M) | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.9% | 49.6% | 67.6% | 53.6% | 45.9% | - | - | -14.9% | - | - |
| Operating margin | -2518.8% | -909.1% | -93.3% | -80.6% | -90.5% | -121.7% | -84.0% | -133.8% | - | - |
| EBITDA margin | -2484.6% | -883.4% | -63.9% | -48.0% | -72.6% | -91.8% | -63.5% | -118.3% | - | - |
| Net margin | -2756.2% | -891.6% | -230.7% | -80.1% | -85.7% | -115.2% | -83.8% | -157.7% | - | - |
| Free cash flow margin | - | -68.1% | - | - | - | - | - | -210.7% | - | - |
| FCF / Net income | - | 0.08 | - | - | - | - | - | 1.34 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 93.3% | 54.7% | 70.7% | 77.1% | 54.5% | 94.9% | 75.5% | 122.9% | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -39.9% | -60.6% | -31.8% | -15.0% | -15.9% | -20.7% | -11.8% | -14.0% | - | - |
| Return on equity | -71.9% | 117.2% | -190.1% | -80.5% | -57.0% | -62.9% | -22.3% | -23.3% | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.15 | 0.12 | 0.77 | 0.41 | 0.54 | 0.64 | 2.03 | 3.02 | 1.45 | 5.73 |
| Quick ratio | 1.15 | 0.12 | 0.77 | 0.41 | 0.54 | 0.64 | 2.03 | 3.02 | 1.45 | 5.73 |
| Cash ratio | 0.88 | 0.10 | 0.71 | 0.23 | 0.35 | 0.41 | 1.13 | 2.07 | 0.61 | 4.98 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -27.7x | - | - | - | - | -23.2x | -35.5x | - | - |
| Equity multiplier | 1.80 | -1.94 | 5.97 | 5.36 | 3.59 | 3.04 | 1.89 | 1.67 | 2.59 | 1.39 |
| Liabilities / Assets | 0.45 | 1.52 | 0.83 | 0.81 | 0.72 | 0.67 | 0.47 | 0.44 | 0.61 | 0.28 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | 0.07 | 0.14 | 0.19 | 0.19 | 0.18 | 0.14 | 0.09 | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.4x | - | 56.4x | 90.3x | 62.0x | 93.5x | 65.9x | 47.8x | - | - |
| P / S | 15.9x | 6.4x | 68.4x | 89.9x | 93.3x | 171.2x | 247.5x | 323.5x | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -4.8% | -5.8% | 1.4% | -5.3% | 34.6% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -13.3% | 1.8% | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -2874.6% | -846.1% | 22.3% | 9.2% | 9.0% | - | - | - | - | - |
| Net income growth (YoY) | -3174.1% | -879.6% | -103.1% | 9.4% | 26.8% | - | - | - | - | - |
| EPS growth (YoY) | 32.8% | -84.2% | 98.1% | 10.0% | -8.3% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3563.7% | - | -32.8% | -74.9% | -70.1% | -24.4% | - | - | -61.4% | -33.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-08-31.
Product / service
$1.38M totalSubscription Revenue$750.0K · 54.3%
Sponsorship Revenue$220.9K · 16.0%
Insurance$197.9K · 14.3%
Underwriting Revenue$125.8K · 9.1%
Other Revenue$87.5K · 6.3%
Peer comparison
Same SIC group: Finance Services
Comparing Pineapple Financial Inc. against the 5 most active filers in the same SIC group.