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Saturday 7 November 2026
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Pineapple Financial Inc.
PTIV 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.
- Revenue
- −16.7%
- EPS
- +212.7%
- Free cash flow
- −914.0%
- Total debt
- +1,576.9%
Quarter to May 2026, against a year earlier
0.75
0.01
−1.32%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to August
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM May ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 3 | 3 | 4 | 3 | 3 | 3 | 3 | +2.1% | 4 | 7 | 12 | +59.0% | |
| Gross margin, % | — | — | — | — | 0.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | +100.0 pt | ||||||
| EBT | — | — | — | — | 0 | 0 | (3) | (3) | (4) | (4) | (3) | n/m | ||||||
| EBT margin, % | — | — | — | — | 5.94 | (8.77) | (78.04) | (112.26) | (152.57) | (121.82) | (90.19) | (127.8) pt | ||||||
| Net income | — | — | — | — | 0 | 0 | (3) | (3) | (4) | (4) | (3) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.36 | 14.98 | 11.42 | 7.93 | 7.53 | 4.49 | 0.11 | +66.0% | |||||
| Earnings | — | — | — | — | 0.02 | (1.18) | (8.91) | (8.91) | (11.48) | (5.46) | (6.43) | n/m | ||||||
| Cash flow | — | — | — | — | 0.02 | 3.36 | (5.82) | (6.71) | (4.78) | (1.42) | (0.20) | n/m | ||||||
| Capex | — | — | — | — | 0.00 | (0.31) | (3.34) | (4.32) | (3.13) | (1.42) | (0.03) | n/m | ||||||
| Free cash flow | — | — | — | — | 0.02 | 3.05 | (9.16) | (11.03) | (7.91) | (2.84) | (0.23) | n/m | ||||||
| Book value | — | — | — | — | 0.02 | 34.73 | 14.67 | 5.66 | 3.78 | 1.36 | 2.02 | +131.0% | ||||||
| Shares, m | — | — | — | — | 8 | 0 | 0 | 0 | 0 | 1 | 11 | (38.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | 5.67 | 5.67 | 5.67 | 5.67 | 2.37 | 0.83 | 6.70 | 4.3 | ||||||
| P/B | — | — | — | — | 7.95 | 7.95 | 7.95 | 7.95 | 4.71 | 2.75 | 0.36 | 6.5 | ||||||
| EV/Sales | — | — | — | — | 5.94 | 5.94 | 5.94 | 5.94 | 2.65 | 0.52 | — | 4.5 | ||||||
| EV/FCF | — | — | — | — | (4.28) | (4.28) | (4.28) | (4.28) | (2.52) | (0.82) | — | (3.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 1 | (2) | (2) | (2) | (1) | (5) | n/m | |||||
| Capex | — | — | — | — | — | 0 | (1) | (1) | (1) | (1) | (1) | +97.9% | ||||||
| Free cash flow | — | — | — | — | 0 | 1 | (3) | (3) | (3) | (2) | (6) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 7 | 4 | 1 | (1) | (1) | 0 | n/m | |||||
| Net debt | — | — | — | — | 0 | (7) | (3) | 1 | 0 | (1) | 11 | +27.3% | ||||||
| Shareholders’ equity | — | — | — | — | 0 | 7 | 5 | 2 | 1 | 1 | 52 | +42.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (5.95) | (40.12) | (50.81) | (94.04) | (76.49) | (6.23) | (76.5) pt | |||||
| ROIC | — | — | — | — | 0.00 | (102.46) | (100.38) | (70.53) | (150.86) | 0.00 | (0.40) | 0.0 pt | ||||||
| ROE | — | — | — | — | 0.00 | (6.63) | (48.68) | (87.61) | (261.72) | (322.56) | (9.57) | (322.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | 55 | 55 | 55 | 39 | — | (10.8%) | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.07 | 0.05 | 0.05 | 0.08 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Aug 2025 · latest quarter May 2026 · fundamentals updated 2 Nov 2026
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 |
|---|---|---|---|---|---|---|---|---|---|
| VEL Velocity Financial, Inc. | $689.0M | 6.3× | 12.1× | +34.05% (above 0%: growing) | +3.03% (above 0%: growing) | −152.77% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| BETR Better Home & Finance Holding Company | $360.6M | — (loss-making) | — (loss-making) | +25.81% (above 0%: growing) | n/m | +136.12% (above 0%: growing) | 89.80% | 0.00% | Compare |
| ONIT Onity Group Inc. | $269.2M | 2.0× | 13.2× | −0.78% (below 0%: shrinking) | −80.82% (below 0%: shrinking) | +306.19% (above 0%: growing) | 100.00% | 0.00% | Compare |
| LDI loanDepot, Inc. | $211.5M | — (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 | $103.1M | — (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. | $72.7M | 20.1× | 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. | $21.2M | — (loss-making) | 6.1× | +56.62% (above 0%: growing) | n/m | +146.53% (above 0%: growing) | 100.00% | (171.05%) | Compare |
| PTIV Pineapple Financial Inc. | $19.2M | — (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 | $13.7M | 0.6× | 5.6× | −28.23% (below 0%: shrinking) | −28.49% (below 0%: shrinking) | −137.50% (below 0%: shrinking) | 57.90% | 0.00% | Compare |
| Median of peers | $157.3M | 4.2× | 9.1× | +22.60% | −28.83% | +141.33% | 88.79% | 0.00% |
Pay and ownership Proxy statement filed 6 February 2026
Ownership
Directors and executive officers, together
6.30%
Injective Foundation
36.86%
TH TC LLC
17.96%
Mu Angel Fund, LLC
8.75%
Anthony Georgiades
5.04%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement