Pineapple Financial (PAPL) Financial Statements & Analysis

Pineapple Financial (PAPL) Income Statement

Pineapple Financial reported revenue of $2.99M in fiscal 2025 (fiscal year ended Nov 30, 2025), up 11.1% from $2.69M a year earlier. Pineapple Financial posted a net loss of $3.64M, compared with a net loss of $4.10M a year earlier. Gross margin was 44.9% and operating margin -98.7%. In the most recent quarter, Q3 fiscal 2026 (ended May 31, 2026), revenue was $622.50K, down 87.3% from the same quarter a year earlier.

Pineapple Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Pineapple Financial Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Nov 2025	Aug 2025	Nov 2024	Aug 2024	Nov 2023	Aug 2023	Aug 2022	Aug 2021	Aug 2020
Revenue & Gross Profit
Revenue	2.99	18.81	2.69	17.58	2.50	2.50	3.60	2.98	3.62
Cost of Revenue	1.65	17.47	2.44	17.33	2.33	16.26	0.00	0.00	2.10
Gross Profit	1.34	1.34	0.25	0.25	0.17	2.50	3.60	2.98	1.52
Operating Expenses
Research & Development	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	2.25	3.16	3.24	3.24	3.13	5.35	5.34	2.60	0.00
Operating Expenses	4.29	3.95	4.08	3.98	2.95	5.82	6.32	3.22	1.29
Operating Income	-2.95	-2.61	-3.82	-3.73	-2.78	-3.32	-2.72	-0.24	0.23
Other Income/Expense
Interest Income	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Interest Expense	0.34	0.34	0.09	0.32	0.06	-0.06	-0.03	-0.01	0.00
Other Income/Expense	-0.69	-0.53	-0.28	-0.05	-0.03	0.59	-0.06	-0.02	-0.01
Income
Income Before Tax	-3.64	-3.64	-4.10	-4.10	-2.81	-2.81	-2.81	-0.26	0.21
Income Tax Expense	0.00	-	0.00	-	0.00	-	0.00	-0.03	0.02
Net Income	-3.64	-3.64	-4.10	-4.10	-2.81	-2.81	-2.81	-0.23	0.19
Net Income - Continuous Operations	-3.64	-3.64	-4.10	-4.10	-2.81	-2.81	-2.81	-0.23	0.19
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-2.43	-2.44	-3.17	-2.95	-2.31	-3.25	-2.67	-0.23	0.26
EBIT	-	-3.30	-	-3.79	-	-3.32	-2.72	-0.24	-
Depreciation & Amortization	0.86	0.86	0.84	0.84	0.44	0.07	0.04	0.01	0.03
Earnings Per Share
Basic EPS	-5.00	-5.00	-1.00	-23.00	-	-9.00	-9.00	-1.00	-
Diluted EPS	-5.00	-5.00	-1.00	-23.00	-	-9.00	-9.00	-1.00	-
Basic Shares Outstanding	0.67	0.67	7.15	0.33	7.18	0.32	0.32	0.20	7.56
Diluted Shares Outstanding	0.67	0.67	7.15	0.33	7.18	0.32	0.32	0.20	7.56

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About Pineapple Financial Financial Statements

What was Pineapple Financial's revenue in fiscal 2025?

Pineapple Financial reported revenue of $2.99M in fiscal 2025 (fiscal year ended Nov 30, 2025). That was up 11.1% from $2.69M a year earlier.

Is Pineapple Financial profitable?

No. Pineapple Financial reported a net loss of $3.64M in fiscal 2025. In fiscal 2024 it lost $4.10M.

What is Pineapple Financial's operating margin?

Pineapple Financial's operating income was −$2.95M on revenue of $2.99M in fiscal 2025, an operating margin of -98.7%, compared with -142.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition