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Pineapple Financial (PAPL) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 20, 2026 · Pineapple Financial (PAPL) Q2 2026 earnings results →
Q2 2026 Revenue down 17% year over year to $623K
Pineapple Financial made $623K in Q2 2026 (-17% Y/Y). Operating margin n/m, net earnings $25.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 20, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $623K in Q2 2026, down 17% year over year and down 12% from the previous quarter.
Operating profit was $24.9M, a 4005.4% margin (up 4098.6 points year over year). Net earnings were $25.3M. The effective tax rate was 0.0%.
Operating cash flow was −$859K. Non-cash charges added back $255K of depreciation and amortization. Working capital and other items used $26.4M. Capital expenditures of $0K exceeded it, leaving free cash flow of −$859K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 20, 2026 | $623K | -17% | n/m | $25.3M | −$859K |
| Q1 2026 | 10-Q | Apr 13, 2026 | $707K | -5% | n/m | −$19.5M | −$3.3M |
| Q4 2025 | 10-Q | Jan 21, 2026 | $722K | -6% | -909.1% | −$6.4M | −$490K |
| Q3 2025 | 10-K | Dec 3, 2025 | $727K | +1% | -131.7% | −$1.8M | −$508K |
| Q2 2025 | 10-Q | Jul 14, 2025 | $747K | +1% | -93.3% | −$558K | $397K |
| Q1 2025 | 10-Q | Apr 14, 2025 | $743K | -5% | -80.6% | −$595K | −$173K |
| Q3 2024 | 10-K | Dec 20, 2024 | $718K | +27% | -191.5% | −$1.7M | −$265K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Pineapple Financial
Pineapple Financial is a Canadian mortgage technology and brokerage company. We provide mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages and consumers. Through data-driven systems and cloud-based tools, we believe we offer competitive advantages in the Canadian mortgage industry relative to traditional broker arrangements. We also provide back-office and pre-underwriting support services (together, the “Brokerage Services”) to Canadian mortgage brokerages (the “Brokerages”). In connection with the provision of the Brokerage Services, we employ and engage licensed mortgage brokers and agents (collectively, “Field Agents”). As of the date of this filing, we have 39 full-time employees.
In its own words, from its 10-K, filed Dec 3, 2025.
Pineapple Financial against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -17% against the peers' median +17%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PAPL Pineapple Financial | Q2 2026 | $623K | -17% | n/m |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Pineapple Financial 10-Q on SEC EDGAR · CIK 1938109 · Finance Services
13F: who owns PAPL and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q3 2024 results