Pineapple Financial Inc. (PTIV)
Pineapple Financial Inc., together with its subsidiaries, provides mortgage brokerage services and technology solutions in Canada. It offers mortgage brokering services, including mortgage consultation, advise on various mortgage products offered by financial institutions, client access to rate information and mortgage options from lenders, and assistance in selecting mortgage solution. The company also provides back-office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing. In addition, it offers pre-underwriting support services comprising credit review, data validation, fraud analysis and compliance, appraisal ordering and review, and data analytics; and insurance products, which include whole life, permanent life, critical illness, and credit insurance. Further, the company operates MyPineapple, a technology platform that allows users to conduct their brokerage services. It serves mortgage agents, brokers, sub-brokers, and brokerages and consumers. The company was formerly known as 2487269 Ontario Ltd and changed its name to Pineapple Financial Inc. in June 2021. Pineapple Financial Inc. was incorporated in 2015 and is headquartered in North York, Canada.
Sector: Finance Services
Industry: Financial - Credit Services
Pineapple Financial Inc.
No splits on record
Nothing in PTIV's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 |
| Revenue | $2.99M | $2.69M | $2.5M | $3.6M | $16.12M | $3.62M |
| YoY Growth | 11.1% | 7.5% | -30.5% | -77.7% | 345.6% | - |
| Cost of Revenue | $1.65M | $2.44M | $2.33M | $2.36M | $13.25M | $2.1M |
| Gross Profit | $1.34M | $252K | $172K | $1.24M | $2.87M | $1.52M |
| Gross Margin | 44.9% | 9.4% | 6.9% | 34.5% | 17.8% | 41.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.25M | $3.24M | $3.13M | $3.7M | $0 | $0 |
| Other | $2.04M | $835K | -$175K | $256K | $3.11M | $1.29M |
| Total Operating Expenses | $4.29M | $4.08M | $2.95M | $3.96M | $3.11M | $1.29M |
| Operating Income (EBIT) | -$2.95M | -$3.82M | -$2.78M | -$2.72M | -$234K | $230K |
| Operating Margin | -98.7% | -142.2% | -111.2% | -75.4% | -1.4% | 6.4% |
| Interest Expense | $336K | $93K | $56K | $94K | $26K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$691K | -$278K | -$27K | -$94K | -$28K | -$15K |
| Income Before Tax (EBT) | -$3.64M | -$4.1M | -$2.81M | -$2.81M | -$262K | $215K |
| Income Tax Expense | $0 | $0 | $0 | $0 | -$27K | $24K |
| Net Income | -$3.64M | -$4.1M | -$2.81M | -$2.81M | -$235K | $191K |
| Net Income Margin | -121.8% | -152.6% | -112.3% | -78.0% | -1.5% | 5.3% |
| Supplementary Data | ||||||
| EPS | -5.46 | -0.57 | -0.39 | -0.39 | -0.03 | 0.02 |
| Diluted EPS | -5.46 | -0.57 | -0.39 | -0.39 | -0.03 | 0.02 |
| Weighted Average OS | 665,820 | 7.15M | 7.18M | 7.18M | 7.18M | 7.56M |
| EBITDA | -$2.43M | -$3.17M | -$2.31M | -$2.46M | -$180K | $263K |
| EBITDA Margin | -81.2% | -117.9% | -92.4% | -68.3% | -1.1% | 7.3% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $2.12M | $580K | $720K | $3.9M | $7.01M | $288K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.12M | $580K | $720K | $3.9M | $7.01M | $288K |
| Accounts Receivable | $92K | $155K | $759K | $104K | $66K | $10K |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$1 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | -$298K |
| Total Current Assets | $2.32M | $893K | $1.7M | $4.48M | $7.23M | $388K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $592K | $981K | $1.2M | $1.2M | $316K | $12K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.5M | $2.21M | $1.72M | $702K | $0 | $0 |
| Long-Term Investments | $10K | $10K | $10K | $38K | $40K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $310K |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | -$307K |
| Total Long-Term Assets | $3.1M | $3.2M | $2.93M | $1.94M | $356K | $16K |
| Other Assets | $0 | $0 | $0 | $0 | $1 | -$94K |
| Total Assets | $5.42M | $4.1M | $4.63M | $6.43M | $7.58M | $310K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $2.13M | $1.13M | $0 | $0 | $0 | $164K |
| Short-Term Debt | $629K | $0 | $430K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $109K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $112K | $605K | $780K | $399K | $23K |
| Total Current Liabilities | $3M | $1.4M | $1.17M | $782K | $450K | $200K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $315K | $491K | $700K | $0 | $0 | $154K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $633K | $42K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.51M | $1.35M | $1.67M | $1.02M | $213K | -$145K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $98K |
| Total Liabilities | $4.51M | $2.75M | $2.84M | $1.8M | $663K | $154K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $152K |
| Common Stock | $11.62M | $8.56M | $4.9M | $4.9M | $4.9M | $60 |
| Retained Earnings | -$13.4M | -$9.76M | -$5.66M | -$2.85M | -$36K | $152K |
| Comprehensive Income & Other | -$509K | -$409K | -$418K | -$353K | -$148K | $4K |
| Other Stockholders' Equity | $2.68M | $2.55M | $2.54M | $2.57M | $2.05M | $4K |
| Total Equity | $907K | $1.35M | $1.79M | $4.63M | $6.92M | $157K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | -$278K |
| Total Liabilities and Equity | $5.42M | $4.1M | $4.63M | $6.43M | $7.58M | $310K |
| Supplementary Data | ||||||
| Total Debt | $1.33M | $977K | $1.54M | $1.02M | $263K | $14K |
| Net Debt | -$788K | $397K | $818K | -$2.88M | -$6.75M | -$275K |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 |
| Operating Activities | ||||||
| Net Income | -$3.64M | -$4.1M | -$2.81M | -$2.81M | -$235K | $142K |
| Depreciation & Amortization | $862K | $839K | $441K | $256K | $56K | $33K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $235K | $0 | $33K | $723K | $568K | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $14K | $604K | $44K | -$38K | -$54K | -$8K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1M | $0 | $0 | $382K | $236K | $0 |
| Other Working Capital | -$132K | $484K | $91K | -$336K | -$170K | $241 |
| Total Working Capital Change | $882K | $1.09M | $135K | $8K | $12K | -$8K |
| Other Non-Cash Items | $712K | $468K | $83K | -$12K | $268K | -$7K |
| Net Cash from Operating | -$947K | -$1.71M | -$2.12M | -$1.83M | $669K | $160K |
| Investing Activities | ||||||
| Capital Expenditures | -$944K | -$5K | -$62K | -$249K | -$62K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$40K | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$1.11M | -$1.3M | -$804K | $0 | $0 |
| Net Cash from Investing | -$944K | -$1.12M | -$1.36M | -$1.05M | -$101K | $0 |
| Financing Activities | ||||||
| Debt Repaid | $206K | - | $81K | $61K | $51K | - |
| Common Stock Issuance | $3.52M | $2.75M | $0 | $0 | $7.33M | $4 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$487K | $291K | $430K | $0 | -$1M | -$25K |
| Net Cash from Financing | $3.45M | $2.91M | $349K | -$61K | $6.27M | -$25K |
| Forex Effect | -$23K | -$227K | -$47K | -$165K | -$205K | $7K |
| Net Change in Cash | $1.54M | -$140K | -$3.18M | -$3.11M | $6.64M | $135K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$947K | -$1.71M | -$2.12M | -$1.83M | $669K | $160K |
| Capital Expenditure | -$944K | -$1.12M | -$1.36M | -$1.05M | -$62K | $0 |
| Free Cash Flow | -$1.89M | -$2.83M | -$3.48M | -$2.89M | $607K | $160K |
| Cash at Beginning | $580K | $720K | $3.9M | $7.01M | $376K | $153K |
| Cash at End | $2.12M | $580K | $720K | $3.9M | $7.01M | $288K |