Pineapple Financial (PAPL) Cash Flow: Operating & Free Cash Flow

Pineapple Financial Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Pineapple Financial Inc. (PAPL) - 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
Operating Activities
Net Income	-3.64	-3.64	-4.10	-4.10	-2.81	-2.81	-2.81	-0.23	0.14
Depreciation & Amortization	0.68	0.86	0.84	0.84	0.44	0.44	0.21	0.06	0.02
Stock Based Compensation	0.24	0.24	0.00	-	0.03	0.03	0.72	0.57	0.00
Change in Working Capital	0.88	0.88	1.09	1.08	0.14	0.14	0.01	0.01	-0.01
Change in Accounts Receivable	0.01	0.01	0.60	0.60	0.04	-0.03	-0.03	-0.05	-0.01
Change in Accounts Payable	1.00	1.00	0.00	0.52	0.00	-0.17	0.38	0.24	0.00
Change in Other Working Capital	-0.13	0.06	0.48	-0.04	0.09	0.34	-0.34	-0.17	0.00
Other Operating Activities	0.90	0.06	0.47	0.48	0.08	0.08	0.03	0.27	0.06
Net Cash from Operating Activities	-0.95	-0.95	-1.71	-1.71	-2.12	-2.12	-1.83	0.67	0.16
Investing Activities
Capital Expenditures	-0.94	-0.94	-1.12	0.00	-1.36	-0.06	-0.25	-0.06	0.00
Purchases of Investments	0.00	-	0.00	-	0.00	-	0.00	-0.04	0.00
Sales/Maturities of Investments	0.00	-0.94	0.00	-1.11	0.00	-1.30	-0.80	0.00	0.00
Other Investing Activities	0.00	-	-1.11	-	-1.30	-	-0.80	0.00	0.00
Net Cash from Investing Activities	-0.94	-0.94	-1.12	-1.12	-1.36	-1.36	-1.05	-0.10	0.00
Financing Activities
Debt Repayment	0.42	-0.21	-0.13	-0.71	-0.08	-0.08	-0.06	-0.05	0.00
Common Stock Issued	3.52	1.85	2.75	3.24	0.00	-	0.00	7.33	0.00
Other Financing Activities	-0.49	-0.49	0.29	-0.75	0.43	0.43	0.00	-1.00	-0.02
Net Cash from Financing Activities	3.45	3.45	2.91	2.91	0.35	0.35	-0.06	6.27	-0.02
Summary
Effect of Forex Changes on Cash	-0.02	-0.02	-0.23	-0.23	-0.05	-0.05	-0.17	-0.20	0.01
Net Change in Cash	1.54	1.56	-0.14	-0.14	-3.18	-3.18	-3.11	6.64	0.14
Cash at Beginning of Period	0.58	0.58	0.72	0.72	3.90	3.90	7.01	0.38	0.15
Cash at End of Period	2.12	2.12	0.58	0.58	0.72	0.72	3.90	7.01	0.29
Free Cash Flow	-1.89	-1.89	-2.83	-1.71	-3.48	-2.18	-2.08	0.61	0.16
Supplemental Disclosures
Interest Paid	-	0.22	-	0.04	-	-	-	-	-
Income Taxes Paid	-	-	-	-	-	-	-	0.06	-

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 Cash Flow

What is Pineapple Financial's free cash flow?

Pineapple Financial had negative free cash flow of $1.89M in fiscal 2025 (fiscal year ended Nov 30, 2025), operating cash flow of −$946.82K minus $944.19K of capital expenditures.

How much does Pineapple Financial spend on capital expenditures?

Pineapple Financial spent $944.19K on capital expenditures in fiscal 2025, compared with $1.12M a year earlier.

Does Pineapple Financial pay dividends or buy back shares?

Pineapple Financial's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition