Pineapple Express Cannabis Co Financials
Financial Health Signals
Pineapple Express Cannabis Co passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Pineapple Express Cannabis Co generates $1.45 in operating cash flow (-$45K OCF vs -$31K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Pineapple Express Cannabis Co (PNXP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Pineapple Express Cannabis Co generated $16K in revenue in fiscal year 2025.
Pineapple Express Cannabis Co reported -$31K in net income in fiscal year 2025. This represents an increase of 47.6% from the prior year.
Pineapple Express Cannabis Co held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Pineapple Express Cannabis Co had 21M shares outstanding in fiscal year 2025. This represents an increase of 7.6% from the prior year.
Pineapple Express Cannabis Co's operating margin was -104.3% in fiscal year 2025, reflecting core business profitability.
Pineapple Express Cannabis Co's net profit margin was -192.7% in fiscal year 2025, showing the share of revenue converted to profit.
PNXP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0-100.0% | $4K-56.1% | $10K+402.6% | $2K | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | $4K-56.1% | $10K+402.6% | $2K | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $0-100.0% | $1K+99.8% | $544-90.3% | $6K0.0% | $6K0.0% | $6K | N/A | $2K |
| Operating Income | $111K+145.0% | -$246K-33.4% | -$185K-14691.2% | -$1K-129.1% | $4K+218.7% | -$4K | N/A | -$2K |
| Interest Expense | $99K-1.7% | $101K-21.7% | $128K | $0 | $0 | $0 | N/A | N/A |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Net Income | $20K+22.8% | $17K+102.5% | -$659K-52728.0% | -$1K-129.1% | $4K+218.7% | -$4K | N/A | -$2K |
| EPS (Diluted) | N/A | N/A | N/A | $0.00 | $0.00 | $0.00 | N/A | $0.00 |
PNXP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $190K0.0% | $190K0.0% | $190K-93.7% | $3.0M+0.2% | $3.0M-39.8% | $5.0M+267477.0% | $2K-99.8% | $1.1M |
| Current Assets | $0 | $0 | $0-100.0% | $15K+54.0% | $10K+402.6% | $2K+6446.7% | $30 | N/A |
| Cash & Equivalents | $0 | $0 | $0-100.0% | $1K | $0 | $0-100.0% | $30 | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | $14K+43.9% | $10K+402.6% | $2K | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.3M-0.3% | $8.4M-0.3% | $8.4M+181.0% | $3.0M+0.2% | $3.0M-40.1% | $5.0M+27872.3% | $18K+13.6% | $16K |
| Current Liabilities | $8.3M-0.3% | $8.4M-0.3% | $8.4M+181.0% | $3.0M+0.2% | $3.0M+25787.6% | $12K-35.3% | $18K+13.6% | $16K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$8.2M+0.3% | -$8.2M+0.4% | -$8.2M-28895.4% | $29K-4.2% | $30K+16.9% | $25K+259.8% | -$16K-101.5% | $1.1M |
| Retained Earnings | -$1.3M+1.6% | -$1.3M+1.2% | -$1.3M-44.2% | -$924K-0.1% | -$923K+0.5% | -$927K-44.3% | -$642K-282.7% | $352K |
PNXP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2K | $0-100.0% | $937K+4931000.0% | -$19 | $0+100.0% | -$12K-132.3% | $36K+1919.4% | -$2K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0+100.0% | -$190K | $0 | $0 | $0 | N/A | N/A |
| Financing Cash Flow | -$2K | $0+100.0% | -$747K-173790.9% | $430 | $0-100.0% | $12K+132.2% | -$36K-1917.9% | $2K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PNXP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 100.0%0.0pp | 100.0%0.0pp | 100.0% | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | -28.8%-72.3pp | 43.5%+227.6pp | -184.1% | N/A | N/A |
| Net Margin | N/A | N/A | N/A | -28.8%-72.3pp | 43.5%+227.6pp | -184.1% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | 14.4% | N/A | N/A | N/A |
| Return on Assets | 10.8%+2.0pp | 8.8%+355.8pp | -347.0%-347.0pp | -0.0%-0.2pp | 0.1%+0.2pp | -0.1% | N/A | -0.2% |
| Current Ratio | 0.000.0 | 0.000.0 | 0.000.0 | 0.010.0 | 0.00-0.2 | 0.17+0.2 | 0.00 | N/A |
| Debt-to-Equity | -1.020.0 | -1.020.0 | -1.02-105.9 | 104.85+4.6 | 100.23-95.3 | 195.55+196.7 | -1.12-1.1 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$8.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Pineapple Express Cannabis Co's annual revenue?
Pineapple Express Cannabis Co (PNXP) reported $16K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Pineapple Express Cannabis Co profitable?
No, Pineapple Express Cannabis Co (PNXP) reported a net income of -$31K in fiscal year 2025, with a net profit margin of -192.7%.
What is Pineapple Express Cannabis Co's operating margin?
Pineapple Express Cannabis Co (PNXP) had an operating margin of -104.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Pineapple Express Cannabis Co's net profit margin?
Pineapple Express Cannabis Co (PNXP) had a net profit margin of -192.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Pineapple Express Cannabis Co's operating cash flow?
Pineapple Express Cannabis Co (PNXP) generated -$45K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pineapple Express Cannabis Co's total assets?
Pineapple Express Cannabis Co (PNXP) had $190K in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Pineapple Express Cannabis Co have outstanding?
Pineapple Express Cannabis Co (PNXP) had 21M shares outstanding as of fiscal year 2025.
What is Pineapple Express Cannabis Co's current ratio?
Pineapple Express Cannabis Co (PNXP) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Pineapple Express Cannabis Co's debt-to-equity ratio?
Pineapple Express Cannabis Co (PNXP) had a debt-to-equity ratio of -1.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pineapple Express Cannabis Co's return on assets (ROA)?
Pineapple Express Cannabis Co (PNXP) had a return on assets of -16.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pineapple Express Cannabis Co's cash runway?
Based on fiscal year 2025 data, Pineapple Express Cannabis Co (PNXP) had $0 in cash against an annual operating cash burn of $45K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Pineapple Express Cannabis Co's debt-to-equity ratio negative or unusual?
Pineapple Express Cannabis Co (PNXP) has negative shareholder equity of -$8.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Pineapple Express Cannabis Co's Piotroski F-Score?
Pineapple Express Cannabis Co (PNXP) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pineapple Express Cannabis Co's earnings high quality?
Pineapple Express Cannabis Co (PNXP) has an earnings quality ratio of 1.45x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.