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Pineapple Financial Inc. (PAPL) 10-Year Financial Performance & Capital Metrics

PAPL • • Banking & Credit
Financial ServicesMortgage FinanceMortgage Technology & Brokerage ServicesMortgage Technology Platforms
AboutPineapple Financial Inc. operates as a mortgage technology and brokerage company in Canada. The company offers mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers through data-driven systems together with cloud based tools. The company also operates MyPineapple technology platform, which allows users to conduct their brokerage services. In addition, it offers back office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portal, loan maintenance, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing. Further, the company provides pre-underwriting support services, including credit review, data validation, fraud analysis and compliance, appraisal ordering and review, and data analytics. Additionally, it offers various insurance products, such as life, accident and disability, critical illness, and credit insurance. Pineapple Financial Inc. was formerly known as 2487269 Ontario Ltd and changed its name to Pineapple Financial Inc. in June 2021. The company was founded in 2016 and is based in North York, Canada.Show more
  • Net Interest Income $0 +100.0%
  • Total Revenue $19M +599.6%
  • Net Income -$4M +11.3%
  • Return on Equity -322.56% -23.2%
  • Net Interest Margin 0% +100.0%
  • Efficiency Ratio 11.98% -92.1%
  • ROA -76.49% +18.7%
  • Equity / Assets 16.74% -49.2%
  • Book Value per Share 1.36 +621.2%
  • Tangible BV/Share -2.39 -1877.5%
  • Debt/Equity 0.15 -78.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 12.0% efficiency ratio
  • ✓Well capitalized: 16.7% equity/assets
  • ✓Share count reduced 90.7% through buybacks
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y47.57%
3Y73.52%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM11.94%

EPS CAGR

10Y-
5Y-
3Y-
TTM-7640%

ROCE

10Y Avg-32.49%
5Y Avg-69.96%
3Y Avg-100.26%
Latest-115.3%

Peer Comparison

Mortgage Technology Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PAPLPineapple Financial Inc.1.64M1.22-0.226%-19.34%-400.85%0.15

Profit & Loss

Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Net Interest Income+0-26.08K-94.2K-56.32K-93.47K0
NII Growth %---2.61%0.4%-0.66%1%
Net Interest Margin %------
Interest Income000000
Interest Expense026.08K94.2K56.32K93.47K336.12K
Loan Loss Provision1.54M1.22M2.27M2.27M2.34M16.35M
Non-Interest Income+2.69M2.98M3.6M2.5M2.69M18.81M
Non-Interest Income %------
Total Revenue+2.69M2.98M3.6M2.5M2.69M18.81M
Revenue Growth %-0.11%0.21%-0.31%0.07%6%
Non-Interest Expense1.36M1.97M3.96M2.95M4.08M2.25M
Efficiency Ratio------
Operating Income+170.73K-235.72K-2.72M-2.78M-3.82M-2.95M
Operating Margin %------
Operating Income Growth %--2.38%-10.52%-0.02%-0.37%0.23%
Pretax Income+159.6K-261.8K-2.81M-2.81M-4.1M-3.64M
Pretax Margin %------
Income Tax+17.79K-27.12K0000
Effective Tax Rate %------
Net Income+141.81K-234.68K-2.81M-2.81M-4.1M-3.64M
Net Margin %------
Net Income Growth %--2.65%-10.97%0%-0.46%0.11%
Net Income (Continuing)141.81K-234.68K-2.81M-2.81M-4.1M-3.64M
EPS (Diluted)+0.02-0.03-0.39-0.39-0.57-5.46
EPS Growth %--2.74%-10.93%0%-0.46%-8.58%
EPS (Basic)0.02-0.03-0.39-0.39-0.57-5.46
Diluted Shares Outstanding7.56M7.18M7.18M7.18M7.15M665.82K

Balance Sheet

Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Cash & Short Term Investments+288.25K1000K1000K720.37K580.36K1000K
Cash & Due from Banks288.25K7.01M3.9M720.37K580.36K2.12M
Short Term Investments000000
Total Investments+039.71K38.21K10.01K10.04K0
Investments Growth %---0.04%-0.74%0%-1%
Long-Term Investments039.71K38.21K10.01K10.04K0
Accounts Receivables083533.12K758.99K155.22K0
Goodwill & Intangibles+------
Goodwill000000
Intangible Assets00702.39K1.72M2.21M2.5M
PP&E (Net)12.24K316.01K1.2M1.2M981.28K592.12K
Other Assets-306.68K00009.73K
Total Current Assets388.48K7.23M4.48M1.7M893.49K2.32M
Total Non-Current Assets15.94K355.71K1.94M2.93M3.2M3.1M
Total Assets+310.38K7.58M6.43M4.63M4.1M5.42M
Asset Growth %-23.42%-0.15%-0.28%-0.12%0.32%
Return on Assets (ROA)0.46%-0.06%-0.4%-0.51%-0.94%-0.76%
Accounts Payable000000
Total Debt+10.45K263.24K1.02M1.54M977.11K138.86K
Net Debt-277.8K-6.75M-2.88M817.69K396.75K-1.98M
Long-Term Debt000000
Short-Term Debt10.45K00430.1K161.51K138.86K
Other Liabilities-153.61K00041.52K1.51M
Total Current Liabilities200.15K449.75K782.14K1.17M1.4M3M
Total Non-Current Liabilities-144.54K212.81K1.02M1.67M1.35M1.51M
Total Liabilities153.61K662.56K1.8M2.84M2.75M4.51M
Total Equity+-121.03K6.92M4.63M1.79M1.35M906.68K
Equity Growth %-58.17%-0.33%-0.61%-0.24%-0.33%
Equity / Assets (Capital Ratio)------
Return on Equity (ROE)--0.07%-0.49%-0.88%-2.62%-3.23%
Book Value per Share-0.020.960.640.250.191.36
Tangible BV per Share------
Common Stock604.9M4.9M4.9M8.56M11.62M
Additional Paid-in Capital02.2M2.92M2.96M2.96M0
Retained Earnings152.32K-36.22K-2.85M-5.66M-9.76M-13.4M
Accumulated OCI4.39K-148K-353.22K-417.73K-408.51K-509.3K
Treasury Stock000000
Preferred Stock152.32K00000

Cash Flow

Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Cash from Operations+159.93K668.55K-1.83M-2.12M-1.71M-946.82K
Operating CF Growth %-3.18%-3.74%-0.15%0.19%0.45%
Net Income141.81K-234.68K-2.81M-2.81M-4.1M-3.64M
Depreciation & Amortization24.44K55.55K211.76K441.16K838.84K675.05K
Deferred Taxes000000
Other Non-Cash Items57.87K267.83K32.02K83.46K468.06K899.14K
Working Capital Changes-7.53K11.93K8.16K135.22K1.09M882.45K
Cash from Investing+0-101.35K-1.05M-1.36M-1.12M-944.19K
Purchase of Investments0-39.71K0000
Sale/Maturity of Investments000000
Net Investment Activity------
Acquisitions000000
Other Investing00-803.61K-1.3M-1.11M0
Cash from Financing+-24.89K6.27M-61.47K349.01K2.91M3.45M
Dividends Paid000000
Share Repurchases00000-487.31K
Stock Issued47.33M003.24M3.52M
Net Stock Activity------
Debt Issuance (Net)0-51.38K-61.47K-81.09K-326.8K629.12K
Other Financing-24.89K-1M0430.1K0-206.19K
Net Change in Cash+135.04K6.64M-3.11M-3.18M-140.01K1.54M
Exchange Rate Effect7.37K-204.87K-165.39K-47.08K-226.99K-23.07K
Cash at Beginning153.21K375.58K7.01M3.9M720.37K580.36K
Cash at End288.25K7.01M3.9M720.37K580.36K2.12M
Interest Paid000035.28K0
Income Taxes Paid061.83K0000
Free Cash Flow+159.93K606.92K-2.89M-3.48M-2.83M-946.82K
FCF Growth %-2.79%-5.76%-0.2%0.19%0.66%

Banking Ratios

Metric202020212022202320242025
Return on Equity (ROE)--6.91%-48.68%-87.61%-261.71%-322.56%
Return on Assets (ROA)45.69%-5.95%-40.12%-50.81%-94.04%-76.49%
Net Interest Margin0%-0.34%-1.47%-1.22%-2.28%0%
Efficiency Ratio50.78%66.17%109.87%118.05%151.62%11.98%
Equity / Assets-38.99%91.26%71.98%38.58%32.94%16.74%
Book Value / Share-0.020.960.640.250.191.36
NII Growth---261.23%40.22%-65.98%100%

Revenue by Segment

20242025
Subscription Revenue738.7K750.04K
Subscription Revenue Growth-1.54%
Sponsorship Revenue107.74K220.92K
Sponsorship Revenue Growth-105.05%
Insurance-197.85K
Insurance Growth--
Other Revenue320.5K87.53K
Other Revenue Growth--72.69%

Frequently Asked Questions

Growth & Financials

Pineapple Financial Inc. (PAPL) grew revenue by 599.6% over the past year. This is strong growth.

Pineapple Financial Inc. (PAPL) reported a net loss of $3.6M for fiscal year 2025.

Dividend & Returns

Pineapple Financial Inc. (PAPL) has a return on equity (ROE) of -322.6%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Pineapple Financial Inc. (PAPL) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Pineapple Financial Inc. (PAPL) has an efficiency ratio of 12.0%. This is excellent, indicating strong cost control.

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