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Pineapple Financial (PAPL) Q3 2025 earnings results (third quarter 2025)
10-K filed Dec 3, 2025
Pineapple Financial (PAPL) reported revenue of $727K for the third quarter 2025 (Q3 2025), +1% from a year earlier and -3% from the quarter before. Operating margin was -131.7%, net loss $1.8M (250.8% of revenue).
Pineapple Financial, Q3 2025: revenue $727K (+1% year over year), operating margin -131.7%, net loss $1.8M, operating cash flow −$508K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $727K | -3% | +1% |
| Operating profit | −$958K | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$508K | -228% | — |
What changed
Revenue was $727K in Q3 2025, up 1% year over year and down 3% from the previous quarter.
Operating costs exceeded revenue by $1.0M, an operating margin of -131.7%. Total costs fell 19% while revenue rose 1%. The fastest-growing cost line was Cost of revenue (+41%). The quarter ended with a net loss of $1.8M, wider than the previous quarter's $558K loss.
Operating cash flow was −$508K. Non-cash charges added back $376K of depreciation and amortization. Working capital and other items added $941K.
Questions
What was Pineapple Financial's revenue in the third quarter 2025?
Pineapple Financial (PAPL) reported revenue of $727K for the third quarter 2025 (Q3 2025), +1% from a year earlier and -3% from the quarter before.
Was Pineapple Financial profitable in the third quarter 2025?
Operating loss was $958K (-131.7% of revenue) and net loss $1.8M.