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Pineapple Financial (PAPL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 13, 2026
Pineapple Financial (PAPL) reported revenue of $707K for the first quarter 2026 (Q1 2026), -5% from a year earlier and -2% from the quarter before.
Pineapple Financial, Q1 2026: revenue $707K (-5% year over year), net loss $19.5M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $707K | -2% | -5% |
| Operating profit | −$17.8M | — | — |
| Net earnings | −$19.5M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $707K in Q1 2026, down 5% year over year and down 2% from the previous quarter.
Operating costs exceeded revenue by $17.8M, an operating margin of -2518.8%. Total costs grew 1280% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+4921%). The quarter ended with a net loss of $19.5M, wider than the previous quarter's $6.4M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $242K of depreciation and amortization and $142K of share-based compensation. Working capital and other items added $15.8M. Capital expenditures of $0K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Pineapple Financial's revenue in the first quarter 2026?
Pineapple Financial (PAPL) reported revenue of $707K for the first quarter 2026 (Q1 2026), -5% from a year earlier and -2% from the quarter before.