Pineapple Financial Inc. (PAPL) Income Statement
PAPL FY2025 at a glance
Fiscal year ended August 31, 2025 · U.S. dollarsPAPL revenue and net income
Where PAPL's revenue goes
FY2025Each bar shows an amount and its share of revenue. PAPL kept −121.8% of revenue as net income.
PAPL profit margins
PAPL growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.1% | −6.0% | −3.8% | — |
| Gross profit | +432.0% | +2.7% | −2.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PAPL quarterly EPS vs estimates
Pineapple Financial beat the analyst EPS estimate in 1 of the last 4 quarters. Next report: December 2, 2026.
PAPL income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $3.0M | $2.7M | $2.5M | $3.6M | $16.1M | $3.6M |
| Cost of revenue | $1.6M | $2.4M | $2.3M | $2.4M | $13.2M | $2.1M |
| Gross profit | $1.3M | $252,204 | $172,137 | $1.2M | $2.9M | $1.5M |
| Research & development | — | — | $0 | $0 | $0 | $0 |
| Sales, general & admin | $2.3M | $3.2M | $2.3M | $3.7M | $1.9M | $1.1M |
| Total operating expenses | $4.3M | $4.1M | $3.0M | $4.0M | $3.1M | $1.3M |
| Operating income | −$2.9M | −$3.8M | −$2.8M | −$2.7M | −$233,516 | $229,768 |
| Interest expense | $336,115 | $93,472 | $56,316 | $94,202 | $26,078 | — |
| Income before taxes | −$3.6M | −$4.1M | −$2.8M | −$2.8M | −$261,801 | $214,784 |
| Income taxes | — | — | $56,316 | $77,111 | −$27,119 | $23,946 |
| Net income | −$3.6M | −$4.1M | −$2.8M | −$2.8M | −$234,683 | $190,838 |
| EBITDA | −$2.4M | −$3.2M | −$2.3M | −$2.5M | −$180,175 | $262,658 |
| EPS (diluted) | −$2.71 | −$7.15 | −$0.43 | −$0.39 | −$0.03 | — |
| Gross margin | 44.9% | 9.4% | 6.9% | 34.5% | 17.8% | 41.9% |
| Operating margin | −98.7% | −142.2% | −111.2% | −75.4% | −1.4% | 6.4% |
| Net margin | −121.8% | −152.6% | −112.3% | −78.0% | −1.5% | 5.3% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $622,502 | $3.7M | $4.4M | $16.6M | $746,903 | $743,309 | $766,074 | $15.6M | $736,448 | $3.9M | $4.2M | $564,341 |
| Cost of revenue | $2.7M | $3.4M | $4.2M | $16.2M | $394,648 | $391,418 | $436,365 | $15.5M | $593,202 | $3.7M | $4.2M | $502,758 |
| Gross profit | −$2.1M | $217,162 | $276,127 | $306,125 | $352,255 | $351,891 | $329,709 | $106,613 | $143,246 | $243,807 | −$74,918 | $61,583 |
| Research & development | — | — | — | — | — | — | $369,993 | — | $165,207 | $115,303 | $89,483 | $84,380 |
| Sales, general & admin | $844,973 | $1.4M | $519,248 | $1.0M | $820,324 | $629,954 | $417,406 | $1.0M | $757,061 | $742,799 | $693,621 | $640,923 |
| Total operating expenses | $1.2M | $16.8M | $6.5M | $17.5M | $1.0M | $950,839 | $848,718 | $16.9M | $1.0M | $903,139 | $780,000 | $714,193 |
| Operating income | −$3.3M | −$16.6M | −$6.2M | −$924,757 | −$696,531 | −$598,948 | −$519,009 | −$1.3M | −$896,148 | −$659,332 | −$854,919 | −$652,610 |
| Interest income | $155,480 | $214,334 | — | — | $0 | $0 | — | — | — | — | — | — |
| Interest expense | $448,510 | $3.2M | $265,236 | $29,848 | $31,216 | $100,005 | $174,505 | $273,706 | $40,373 | $28,450 | $21,407 | $1,763 |
| Income before taxes | −$25.3M | −$19.5M | −$6.4M | −$1.8M | −$557,736 | −$595,449 | −$656,894 | −$1.7M | −$848,605 | −$657,456 | −$897,757 | −$597,056 |
| Income taxes | — | — | — | — | — | — | −$656,894 | — | $2 | $28,450 | $21,407 | — |
| Net income | −$25.3M | −$19.5M | −$6.4M | −$1.8M | −$557,736 | −$595,449 | −$656,894 | −$1.7M | −$848,605 | −$657,456 | −$897,757 | −$597,056 |
| EBITDA | −$3.1M | −$16.1M | −$5.9M | −$1.6M | −$307,165 | −$251,321 | −$296,867 | — | −$587,841 | −$451,249 | −$738,923 | −$460,189 |
| EPS (diluted) | $0.99 | −$1.21 | −$1.58 | — | −$1.36 | −$1.74 | −$1.93 | −$0.15 | −$2.50 | −$2.00 | −$2.50 | — |
| Gross margin | −338.6% | 5.9% | 6.2% | 1.8% | 47.2% | 47.3% | 43.0% | 0.7% | 19.5% | 6.2% | −1.8% | 10.9% |
| Operating margin | −537.2% | −453.5% | −140.1% | −5.6% | −93.3% | −80.6% | −67.7% | −8.5% | −121.7% | −16.8% | −20.5% | −115.6% |
| Net margin | −4,056.2% | −533.2% | −144.8% | −11.0% | −74.7% | −80.1% | −85.7% | −11.0% | −115.2% | −16.8% | −21.5% | −105.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PAPL's financial statements (latest annual report filed December 3, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PAPL financial results
In fiscal year 2025 (ended August 31, 2025), Pineapple Financial reported revenue of $3.0 million, up 11.1% from the year before. It had a net loss of $3.6 million, a net profit margin of −121.8%. Diluted earnings per share came to −$2.71. Over five years revenue grew at an average rate of −3.8% a year.
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PAPL income statement FAQ
What is Pineapple Financial's annual revenue?
Pineapple Financial reported total revenue of $3.0 million for fiscal year 2025, which ended on August 31, 2025. That was up 11.1% from $2.7 million the previous year.
Is Pineapple Financial profitable?
No. Pineapple Financial reported a net loss of $3.6 million in fiscal 2025, a net profit margin of −121.8%; its operating margin was −98.7%.
What is Pineapple Financial's gross margin?
Pineapple Financial's gross margin was 44.9% in fiscal 2025: for every $100 of revenue, Pineapple Financial kept $45 after the direct cost of its products and services.
How fast is Pineapple Financial growing?
Revenue grew −3.8% a year on average over the last five fiscal years, from $3.6 million to $3.0 million.
What are Pineapple Financial's earnings per share?
Pineapple Financial earned $-2.71 per diluted share in fiscal 2025, compared with $-7.15 a year earlier.
When will Pineapple Financial report its next earnings?
Pineapple Financial is expected to report results for the quarter ending November 30, 2026 on December 2, 2026.
When does Pineapple Financial's fiscal year end?
Pineapple Financial's fiscal year ends in August. The latest annual report covers the year ended August 31, 2025 and was filed on December 3, 2025.