Pineapple Financial (PAPL)
Runs a Canadian mortgage-brokerage network and workflow platform while managing an INJ-focused digital-asset treasury.
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Earns mortgage commissions and recurring platform, underwriting, insurance, sponsorship, and ancillary fees by supporting Canadian agents and brokerages rather than funding loans. A separate treasury acquires, custodies, finances, stakes, and manages digital assets primarily in INJ tokens, exposing earnings to fair-value movements.
Combines Canadian residential and commercial mortgage brokerage support with software for field agents, affiliated brokers, and white-label brokerages. Its MyPineapple environment routes leads, connects lenders, supports pre-underwriting, gathers documents, manages compliance, payroll, marketing, training, and funded-deal analytics. It does not fund mortgages; lending institutions pay commissions after approved transactions close.
Mortgage operations generate net commissions plus platform subscriptions, sponsorship, underwriting, insurance, and ancillary fees. The brokerage network spans several Canadian provinces, while all reported mortgage revenue has come from Canada. Service delivery relies on licensed agents, lender and insurance partners, and provincial corporate and individual licensing.
Digital asset operations acquire, custody, finance, stake, and manage crypto assets, primarily INJ tokens. The treasury is subject to fair-value earnings, secured financing, margin requirements, collateral, and counterparty dependencies.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $5.1M · Total debt $22.0M · Total assets $75.9M · Shareholders' equity $51.6M
- Revenue
- $622.5K
- Operating income
- −$3.3M
- Net income
- −$25.3M
No dividends on record.
| Institutions7 holders · as of Mar 31, 2026 | 0.32% | 81.7K shares | |
| Insiders1 holder · as of Jun 24, 2025 | 0.41% | 103.9K shares | |
| Otherremainder | 99.27% | 25.09M shares |
25.27M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Marin Kendall LeoInsider | 0.41% | 103,890 | 13Dfiled Jun 24, 2025 ↗ |
Two Sigma Securities, LLCInstitution | 0.11% | 27,428 | 13Fas of Mar 31, 2026 |
XTX Topco LtdInstitution | 0.09% | 23,983 | 13Fas of Mar 31, 2026 |
Steward Partners Investment Advisory, LLCInstitution | 0.05% | 12,633 | 13Fas of Mar 31, 2026 |
Ground Swell Capital, LLCInstitution | 0.04% | 11,259 | 13Fas of Mar 31, 2026 |
| See all 9 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Orion Digital
Digital-direct mortgage origination for Canadian homebuyers.
- Royal Bank of Canada
Direct mortgages contest purchase, renewal, and refinance customers.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pineapple Financial | $0.9178 | −3.81% | $24.1M | — | 20.9 | 2.6 | −16.7% |
| Orion Digital | $0.9800 | −2.97% | $23.7M | — | — | 0.5 | — |
| Royal Bank of Canada | $209.69 | +0.88% | $288.88B | 18.1 | 17.7 | 2.8 | −22.1% |
| Median | 18.1 | 17.7 | 1.6 | −22.1% |