Here are the 10-K annual reports from Pineapple Financial Inc. (PAPL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PAPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAPL filings page.
Pineapple Financial Inc. (PAPL) filed an amended annual report to revise its assessment of controls and procedures for the year ended August 31, 2025. The company now concludes that its disclosure controls and procedures were not effective as of that date, citing the late filing of its annual report and a material weakness in internal control over financial reporting related to segregation of duties in the finance function.
As of August 31, 2025, the aggregate market value of common shares held by non-affiliates was about $5.391 million, and 1,345,941 common shares were outstanding as of December 12, 2025. Management outlines steps taken and planned to improve controls, including hiring qualified personnel, enhancing review and approval processes, restricting system access, and engaging external expertise, while stating that the financial statements still fairly present the company’s results in conformity with GAAP.
Pineapple Financial Inc. (PAPL) files its annual report as a Canadian mortgage technology and brokerage platform centered on its cloud-based MyPineapple system, which supports hundreds of field agents across multiple provinces. Revenue is primarily from lender commissions, with smaller streams from platform subscriptions and pre-underwriting fees.
The company is expanding into insurance through wholly owned subsidiary Pineapple Insurance, officially launched in October 2024 to offer life, critical illness and related products integrated into MyPineapple. Management outlines an organic growth strategy focused on agent recruitment, national expansion and deeper use of analytics.
After year-end, Pineapple entered a US$100 million private placement in subscription receipts funded partly with Injective (INJ) tokens, a US$15 million Voltedge revolving credit facility largely invested in INJ, and a US$250 million equity line with White Lion. A new INJ-focused digital asset treasury and on-chain mortgage R&D introduce significant volatility, regulatory and operational risks highlighted extensively in the risk factors section.