Pineapple Financial Inc.

Pineapple Financial Reports $25.3 Million in Third-Quarter Net Income as Company Enters Its Next Stage of Growth

Pineapple Financial reported Q3 net income of $25.3 million, or $0.99 per share, swinging from a prior-year loss, driven primarily by a $25.8 million non-cash fair value increase in its digital asset holdings. The company significantly strengthened its balance sheet, with total assets rising to $75.9 million and shareholders' equity growing to $51.6 million, supported by $10.5 million in cash and restricted cash. Core operations showed resilience with nine-month mortgage volume of $1.15 billion and an 11.6% increase in subscription revenue to $625,000, while cost cuts helped generate positive Adjusted EBITDA of $479,000 for the nine-month period.

•3mo ago

Pineapple Financial Provides Update on Share Repurchase Program and Digital Asset Treasury

Pineapple Financial has repurchased and retired approximately 554,581 shares to date, deploying $657,060 of its expanded $15 million buyback authorization. The company disclosed its Digital Asset Treasury is valued at approximately $52.53 million, comprising 7.56 million Injective (INJ) tokens, over $10 million in stablecoins, and $10 million in cash. Management stated the company is trading at 0.82x mNAV, arguing that the current market valuation does not reflect the strength of its mortgage platform or digital asset holdings, justifying continued opportunistic buybacks.

•5mo ago

Pineapple Financial Announces Initial Impact of AI-Powered Mortgage Agent Recruiting and Onboarding Initiatives

Pineapple Financial has added 83 new licensed mortgage agents since the beginning of 2026, crediting the growth to its newly deployed AI-powered recruitment and onboarding platform. The company reports that the AI tools have significantly reduced the time required to onboard new agents compared to previous manual processes, positioning the firm for the peak Canadian summer mortgage season. Following this success, management plans to evaluate extending AI capabilities to other areas of the business to support its goal of reaching over 40,000 agents nationwide.

•5mo ago

Pineapple Financial Announces Expanded $15 Million Share Repurchase Program

Pineapple Financial expanded its share repurchase program five-fold to a total authorization of US$15 million, increasing the previous limit by US$12 million. The company intends to commence repurchases immediately under the original US$3 million authorization, contingent on market conditions and regulatory requirements. The additional US$12 million capacity is subject to further board approval and solvency requirements, limiting immediate execution to the initial tranche.

•6mo ago