Saturday 17 October 2026
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Pineapple Financial Inc.
PAPL Financial Mortgage Finance
Pineapple Financial Inc.’s revenue for fiscal 2025 (year ended August 2025) was $3.0 million, up 11.1% from fiscal 2024. In the quarter to May 2026, revenue fell 16.7%, EPS grew 199.0%, free cash flow fell 914.0% and total debt rose 1,576.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
0.89
0.02
−2.20%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to August
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 25.60 | 8.20 | 0.20 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | 85.00 | 42.80 | 14.00 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 55 | 55 | 55 | 39 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.07 | 0.05 | 0.05 | 0.08 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 3 | 3 | 4 | 3 | 3 | 3 | ||||
| Gross margin, % | — | — | — | — | 0.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | — | — | — | — | 0 | 0 | (3) | (3) | (4) | (4) | |||||
| EBT margin, % | — | — | — | — | 5.94 | (8.77) | (78.04) | (112.26) | (152.57) | (121.82) | |||||
| Net income | — | — | — | — | 0 | 0 | (3) | (3) | (4) | (4) | |||||
| Depreciation | — | — | — | — | — | 0 | 0 | 0 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.36 | 14.98 | 11.42 | 7.93 | 7.53 | 4.49 | ||||
| Earnings | — | — | — | — | 0.02 | (1.18) | (8.91) | (9.00) | (11.40) | (5.31) | |||||
| Cash flow | — | — | — | — | 0.02 | 3.36 | (5.82) | (6.71) | (4.78) | (1.42) | |||||
| Capex | — | — | — | — | 0.00 | (0.31) | (3.34) | (4.32) | (3.13) | (1.42) | |||||
| Free cash flow | — | — | — | — | 0.02 | 3.05 | (9.16) | (11.03) | (7.91) | (2.84) | |||||
| Book value | — | — | — | — | 0.02 | 34.73 | 14.67 | 5.66 | 3.78 | 1.36 | |||||
| Shares, m | — | — | — | — | 8 | 0 | 0 | 0 | 0 | 1 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 5.67 | 5.67 | 5.67 | 5.67 | 2.37 | 0.83 | |||||
| P/B | — | — | — | — | 7.95 | 7.95 | 7.95 | 7.95 | 4.71 | 2.75 | |||||
| EV/Sales | — | — | — | — | 5.94 | 5.94 | 5.94 | 5.94 | 2.65 | 0.52 | |||||
| EV/FCF | — | — | — | — | (4.28) | (4.28) | (4.28) | (4.28) | (2.52) | (0.82) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 1 | (2) | (2) | (2) | (1) | ||||
| Capex | — | — | — | — | — | 0 | (1) | (1) | (1) | (1) | |||||
| Free cash flow | — | — | — | — | 0 | 1 | (3) | (3) | (3) | (2) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 7 | 4 | 1 | (1) | (1) | ||||
| Total debt | — | — | — | — | 0 | 0 | 1 | 1 | 1 | 1 | |||||
| Net debt | — | — | — | — | 0 | (7) | (3) | 1 | 0 | (1) | |||||
| Shareholders’ equity | — | — | — | — | 0 | 7 | 5 | 2 | 1 | 1 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (5.95) | (40.12) | (50.81) | (94.04) | (76.49) | ||||
| ROIC | — | — | — | — | 0.00 | (102.46) | (100.38) | (70.53) | (150.86) | 0.00 | |||||
| ROE | — | — | — | — | 0.00 | (6.63) | (48.68) | (87.61) | (261.72) | (322.56) | |||||
Negative figures in brackets.
Fiscal years to Aug 2025 · latest quarter May 2026
Charts ten years each
Pineapple Financial Inc. vs peers in Mortgage Finance (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ONIT Onity Group Inc. | $222.8M | 1.5× | 6.2× | +14.72% (above 0%: growing) | n/m | −9.61% (below 0%: shrinking) | 100.00% | 25.95% | Compare |
| BETR Better Home & Finance Holding Company | $204.6M | — (loss-making) | — (loss-making) | +25.81% (above 0%: growing) | n/m | +136.12% (above 0%: growing) | 89.80% | 0.00% | Compare |
| LDI loanDepot, Inc. | $191.7M | — (loss-making) | — (loss-making) | +19.39% (above 0%: growing) | n/m | +589.11% (above 0%: growing) | 87.77% | 10.45% | Compare |
| GHI Greystone Housing Impact Investors LP | $115.2M | — (loss-making) | 3.2× | −7.10% (below 0%: shrinking) | n/m | −92.85% (below 0%: shrinking) | 93.66% | 60.90% | Compare |
| IOR Income Opportunity Realty Investors, Inc. | $74.4M | 19.6× | 13.8× | +534.29% (above 0%: growing) | −29.17% (below 0%: shrinking) | +155.56% (above 0%: growing) | 0.00% | 0.00% | Compare |
| BLNE Beeline Holdings, Inc. | $24.4M | 0.4× | 6.1× | +56.62% (above 0%: growing) | n/m | +146.53% (above 0%: growing) | 100.00% | (171.05%) | Compare |
| PAPL Pineapple Financial Inc. | $23.0M | — (loss-making) | — (loss-making) | −16.66% (below 0%: shrinking) | n/m | −914.00% (below 0%: shrinking) | 100.00% | 4,077.43% | |
| CNF CNFinance Holdings Limited Sponsored ADR | $13.5M | 0.6× | 5.6× | −28.23% (below 0%: shrinking) | −42.86% (below 0%: shrinking) | −137.50% (below 0%: shrinking) | 57.90% | 0.00% | Compare |
| AAMCF Accelitron Advanced Motor Controls, Inc. | $3.2M | — (loss-making) | 1.0× | −97.81% (below 0%: shrinking) | n/m | +107.17% (above 0%: growing) | 100.00% | (2,385.71%) | Compare |
| Median of peers | $94.8M | 1.0× | 5.9× | +17.05% | — | +121.65% | 91.73% | 0.00% |
Pineapple Financial Inc. (PAPL) key facts
- Strength: Pineapple Financial Inc.’s revenue for fiscal 2025 (year ended August 2025) was $3.0 million, up 11.1% from fiscal 2024.
- Pineapple Financial Inc. (PAPL) is a Mortgage Finance company in the Financial sector, listed on NYSE American.
- As of October 16, 2026, PAPL traded at $0.89, a market capitalization of $23.0 million.
- Return on equity was −322.6% and debt-to-equity 0.42.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.