Pineapple Financial Inc. (PAPL) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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PAPL Revenue Growth
Revenue Breakdown (FY 2025)
PAPL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
PAPL Revenue Analysis (2020–2025)
As of May 8, 2026, Pineapple Financial Inc. (PAPL) generated trailing twelve-month (TTM) revenue of $6.7 million, reflecting explosive growth of +480.0% year-over-year. The most recent quarter (Q1 2026) recorded $4.4 million in revenue, up 508.2% sequentially.
Looking at the longer-term picture, PAPL's 5-year compound annual growth rate (CAGR) stands at -3.8%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $16.1 million in 2021.
Revenue diversification analysis shows PAPL's business is primarily driven by Subscription Revenue (60%), Sponsorship Revenue (18%), and Insurance (16%). With over half of revenue concentrated in Subscription Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including TREE, UWMC, and GHLD. Compare PAPL vs TREE →
PAPL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PAPLCurrent | $7M | +480.0% | -3.8% | -98.7% | |
 TREE | $1.1B | - | - | 7.3% | |
 UWMC | $3.2B | - | - | 58.0% | |
 GHLD | $1.2B | - | - | 10.1% | |
 RKT | $6.9B | - | - | 8.7% | |
 PFSI | $4.4B | - | - | 34.6% |
PAPL Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.0M | - | $1.3M | 44.9% | $-2,947,893 | -98.7% |
| 2024 | $2.7M | - | $252K | 9.4% | $-3,824,737 | -142.2% |
| 2023 | $2.5M | - | $172K | 6.9% | $-2,781,894 | -111.2% |
| 2022 | $3.6M | - | $1.2M | 34.5% | $-2,715,857 | -75.4% |
| 2021 | $16.1M | - | $2.9M | 17.8% | $-233,516 | -1.4% |
| 2020 | $3.6M | - | $1.5M | 41.9% | $230K | 6.4% |
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Start ComparisonPAPL — Frequently Asked Questions
Quick answers to the most common questions about buying PAPL stock.
Is PAPL's revenue growth accelerating or slowing?
PAPL revenue is accelerating at +480.0% year-over-year, exceeding the 5-year CAGR of -3.8%. TTM revenue reached $7M. Growth momentum has increased versus prior periods.
What is PAPL's long-term revenue growth rate?
Pineapple Financial Inc.'s 5-year revenue CAGR of -3.8% reflects the sustained expansion pattern. Current YoY growth of +480.0% is above this long-term average.
How is PAPL's revenue distributed by segment?
PAPL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.