Pineapple Financial Reports Fiscal Year End 2025 Financial Results
Rhea-AI Summary
Pineapple Financial (NYSE American: PAPL) reported audited results for fiscal year ended August 31, 2025. Revenue rose 11.1% to $3.0M and gross billings increased 7.1% to $17.4M. Total expenses fell to $5.9M and loss from operations improved to $3.0M, a 22.9% reduction year-over-year. Net cash used in operations improved to $0.9M and cash on hand was $2.1M as of August 31, 2025.
Subsequent to period end the company launched a $100M Injective Digital Asset Treasury (DAT), completed initial INJ purchases and began staking operations, with several anchor investors participating. A conference call is scheduled for Dec 3, 2025 at 5:00 p.m. ET.
Positive
- Revenue +11.1% to $3.0M in FY2025
- Gross billings +7.1% to $17.4M
- Loss from operations improved by 22.9% to $3.0M
- Net cash used in operations improved to $0.9M
- Cash on hand increased to $2.1M
- $100M Injective DAT launched; initial INJ purchases and staking completed
Negative
- Operating loss remains at $3.0M for FY2025
- $100M DAT creates concentrated exposure to INJ tokens on the balance sheet
News Market Reaction
On the day this news was published, PAPL declined 2.42%, reflecting a moderate negative market reaction. Argus tracked a peak move of +14.6% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $128K from the company's valuation, bringing the market cap to $5M at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PAPL was up 5.31% pre-release with elevated volume, while the only momentum-scanner peer, MIGI, was down 11.97%. Other mortgage finance peers showed modest moves between 0% and 4.2%, suggesting PAPL’s setup was more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 10 | Tokenization launch | Positive | +5.3% | Launched mortgage tokenization platform and data marketplace on Injective. |
| Dec 03 | Annual earnings | Positive | -2.4% | Reported FY2025 growth and DAT launch but shares fell over 24 hours. |
| Nov 20 | Advisory board | Positive | -6.1% | Formed Digital Asset Treasury Advisory Board with Injective members. |
| Oct 28 | Crypto partnership | Positive | -0.4% | Announced Crypto.com partnership for $100M Injective treasury custody. |
| Oct 14 | Investor conferences | Positive | -3.4% | Disclosed participation in October investor conferences in London and Las Vegas. |
Recent headlines have generally been framed as positive, but four of the last five news events saw negative or flat 24-hour price reactions, with only the mortgage tokenization launch aligning positively with its upbeat narrative.
Over the last six months, Pineapple Financial has focused on digital-asset and fintech initiatives alongside its core mortgage business. Key steps included a $100M Injective digital asset treasury partnership with Crypto.com, creation of a DAT Advisory Board with Injective members, and participation in investor conferences. The company later launched a mortgage tokenization platform for a $13.7B CAD portfolio, which coincided with a positive 5.31% move. Today’s FY2025 earnings continue the theme of improving fundamentals paired with blockchain-driven treasury strategy.
Market Pulse Summary
This announcement details FY2025 revenue growth to $3.0M, expense reductions to $5.9M, and a narrower operating loss of $3.0M, alongside improved operating cash use of $0.9M and cash of $2.1M. It also highlights a $100M Injective Digital Asset Treasury strategy intended to generate yield. Investors may focus on how recurring earnings, cash reserves, and digital-asset exposure evolve in subsequent filings and earnings reports.
Key Terms
on-chain economy technical
digital asset treasury financial
staking operations technical
blockchain technical
tokens technical
AI-generated analysis. Not financial advice.
Reports FY 2025 revenue of
Pineapple to host a call to discuss its results Wednesday, December 3, 2025 at 5:00 pm ET
Toronto, Ontario--(Newsfile Corp. - December 3, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading fintech platform, today announced audited financial results for the three and twelve month periods ended August 31, 2025.
Full Year Fiscal 2025 Financial Highlights
- Gross Billings reached
$17.4 million , up7.1% from$16.3 million in the same period last year - Revenue rose
11.1% to$3.0 million , compared to$2.7 million in 2024 - Total Expenses declined
8.9% to$5.9 million , down from$6.5 million last year - Loss from operations decreased from
$3.8 million to$3.0 million , representing a22.9% reduction. - Net Cash Used in Operations improved significantly to
$ 0.9 million , from$ 1.7 million in the same period last year - Cash on Hand was
$2.1 million as of August 31, 2025, compared to$ 0.6 million at August 31, 2024
"Over the past decade, Pineapple has been a pioneer in modernizing the Canadian mortgage industry, reshaping a traditional and fragmented space into a technology-driven, data-powered ecosystem," said Shubha Dasgupta, CEO of Pineapple Financial. "Through relentless innovation and disciplined execution, we've built one of Canada's fastest-growing mortgage companies and a platform that's redefining efficiency, transparency, and scalability for brokers and consumers alike."
Mr. Dasgupta added, "This year marked the beginning of the next phase in our evolution as we bridge traditional finance with the on-chain economy through our
Strategic and Corporate Developments
Over the past year, Pineapple strengthened its fiscal governance framework and continued executing a disciplined approach to capital management. The Company reduced its loss from operations from
Sarfraz Habib, Chief Financial Officer of Pineapple Financial, commented, "Our focus this year was on enhancing financial discipline across the organization while ensuring that every dollar deployed supports our long-term strategic objectives. Through stronger governance, improved cost management, and more efficient capital utilization, we significantly narrowed our operating loss and strengthened the foundation on which Pineapple will continue to innovate and grow."
Subsequent to quarter end, Pineapple launched its
The Injective Foundation and its co-founders personally invested in the initiative at a premium and under long-term lock-ups, underscoring confidence in Pineapple's vision and execution. Additional anchor investors include FalconX, Monarq Asset Management, Canary Capital, and Kraken, among others.
The Company has since completed its first purchases of INJ tokens and commenced staking operations, with yields generated through network participation and on-chain transaction activity. Built on Injective's finance-focused blockchain, the DAT strategy is designed to generate sustainable yield while enhancing Pineapple's balance sheet strength and long-term revenue profile.
Mr. Dasgupta concluded, "By combining a profitable mortgage platform with a blockchain-based treasury, we're unlocking new sources of revenue and expanding what's possible in fintech. Our mortgage data, AI systems, and on-chain products now work together to create a cycle of innovation and growth that benefits both customers and shareholders. We're proud to be leading this transformation and excited to continue building the future of finance from the ground up."
Market Resilience and Outlook
The Canadian mortgage market remains fundamentally resilient, with over
Conference Call Details
The Company will host a conference call to discuss the results for its fourth quarter and full year ended September 30, 2025, on Wednesday, December 3, 2025 at 5:00 p.m. Eastern Time. Full call details can be found below:
Event: Pineapple Financial FY 2025 Earnings Call
Date: Wednesday, December 3, 2025
Time: 5:00 p.m. ET
Live Call: 1-877-407-0784 (U.S. Toll-Free) or 1-201-689-8560 (International)
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1744432&tp_key=557ed295f1
For interested individuals unable to join the conference call, a dial-in replay of the call will be available until December 17, and can be accessed by dialing 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International) and entering replay pin number: 13757332.
About Pineapple Financial Inc.
Pineapple Financial Inc. is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians.
Safe Harbor Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and economic needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, fluctuations in the market price of INJ and any associated impairment charges that we may incur as a result of a decrease in the market price of INJ below the value at which INJ is carried on our balance sheet; changes in the accounting treatment relating to our INJ holdings; the Company's financial condition, customer acceptance of our INJ treasury strategy, and other factors discussed in the "Risk Factors" section of the registration statements, and periodic reports filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results. It encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Media Contact:
KCSA Strategic Communications
Kristin Cwalinski
pineapple@kcsa.com
Investor Relations:
KCSA Strategic Communications
Jack Perkins
pineapple@kcsa.com
Follow us on social media:
Instagram: @pineapplemortgage @empoweredbypineapple
Facebook: Pineapple Mortgage
LinkedIn: Pineapple Mortgage
X (Formerly Twitter): @PAPLpineapple
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276687
FAQ
What were Pineapple Financial (PAPL) FY2025 revenue and gross billings?
How much did Pineapple Financial (PAPL) reduce its operating loss in FY2025?
When is the Pineapple Financial (PAPL) FY2025 earnings call and how can I join?
What is Pineapple Financial's $100M Injective Digital Asset Treasury announced in 2025?
How much cash did Pineapple Financial (PAPL) report at August 31, 2025?
Which investors participated in Pineapple Financial's Injective DAT initiative?
