Pineapple Financial (PTIV) AI Stock Analysis

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Pineapple Financial

(NYSE MKT:PTIV)

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Rating:45Neutral

Price Target:$0.85▲(16.28% Upside)

Action:reiterated

Date:08/19/26

The overall score is driven mainly by very weak profitability and cash generation against a modestly solid balance sheet, indicating a high-risk financial profile despite low leverage. Technicals add a small uplift but remain mixed, with the price below key averages and only tentative signs of stabilization. Valuation is constrained by negative earnings and no dividend, while recent corporate governance improvements around digital asset management provide a modest positive but do not offset the core financial risks.

Positive Factors

Low financial leverageLow debt relative to equity provides a comparatively conservative funding structure and reduces interest and refinancing pressure. This gives Pineapple more financial flexibility to absorb operating volatility and pursue recovery without relying as heavily on additional borrowing.

Negative Factors

Severe TTM revenue deteriorationThe sharp TTM revenue decline signals weakening origination or service activity and reduces operating scale. Sustained contraction can make fixed costs harder to absorb, impair investment capacity, and undermine the brokerage network’s ability to generate durable earnings over the coming quarters.

Pineapple Financial (PTIV) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $18.47M
Dividend Yield: ―
Average Volume (3M): 93.44K
Price to Earnings (P/E): -0.0
Beta (1Y): -0.78
Revenue Growth: -17.27%
EPS Growth: 21.69%
Country: US
Employees: 39
Sector: Financial
Sector Strength: 68
Industry: Financial - Credit Services

Pineapple Financial Business Overview & Revenue Model

Company Description

Pineapple Financial Inc., together with its subsidiaries, provides mortgage brokerage services and technology solutions in Canada. It offers mortgage brokering services, including mortgage consultation, advise on various mortgage products offered by...

How the Company Makes Money

Pineapple Financial primarily makes money by earning brokerage revenue tied to arranging residential mortgages between borrowers and lending institutions. This typically includes commissions or fees paid in connection with successful mortgage origina...

Pineapple Financial Financial Statement Overview

Summary

Financial performance is weak, with sharp revenue volatility, large net and operating losses, and highly negative operating and free cash flows, partially offset by a larger equity base and low leverage.

Income Statement

22Negative

Balance Sheet

58Neutral

Cash Flow

19Very Negative

Financial statement breakdown
Breakdown	TTM	Nov 2025	Nov 2024	Nov 2023	Aug 2022	Aug 2021
Income Statement
Total Revenue	9.45M	2.99M	2.69M	2.50M	3.60M	16.12M
Gross Profit	-1.31M	1.34M	252.20K	172.14K	1.24M	2.87M
EBITDA	-26.64M	-2.43M	-3.17M	-2.31M	-2.46M	-180.18K
Net Income	-53.01M	-3.64M	-4.10M	-2.81M	-2.81M	-234.68K
Balance Sheet
Total Assets	75.85M	5.42M	4.10M	4.63M	6.43M	7.58M
Cash, Cash Equivalents and Short-Term Investments	5.09M	2.12M	580.36K	720.37K	3.90M	7.01M
Total Debt	22.04M	1.33M	977.11K	1.54M	1.02M	263.24K
Total Liabilities	24.23M	4.51M	2.75M	2.84M	1.80M	662.56K
Stockholders Equity	51.62M	906.68K	1.35M	1.79M	4.63M	6.92M
Cash Flow
Free Cash Flow	-5.26M	-1.89M	-2.83M	-3.48M	-2.89M	606.92K
Operating Cash Flow	-5.13M	-946.82K	-1.71M	-2.12M	-1.83M	668.55K
Investing Cash Flow	-26.99M	-944.19K	-1.12M	-1.36M	-1.05M	-101.35K
Financing Cash Flow	41.58M	3.45M	2.91M	349.01K	-61.47K	6.27M

Pineapple Financial Technical Analysis

Technical Analysis SentimentNegative

Last Price0.73

Price Trends

50DMA0.93Negative

100DMA0.98Negative

200DMA0.93Negative

Market Momentum

MACD-0.04Positive

RSI37.15Neutral

STOCH5.80Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PTIV, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.93, and below the 200-day MA of 0.93, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.15 is Neutral, neither overbought nor oversold. The STOCH value of 5.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PTIV.

Pineapple Financial Risk Analysis

Pineapple Financial disclosed 58 risk factors in its most recent earnings report. Pineapple Financial reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.Our Common Shares may trade at a discount to our net asset value, and investors could experience losses unrelated to the performance of our underlying digital asset holdings.Q3, 2025

2.Substantial Future Sales or Issuances of Common Shares, and Digital-Asset-Backed Financings, Could Cause the Market Price of Our Common Shares to DeclineQ3, 2025

3.Future Equity Issuances and Digital-Asset-Linked Financings May Dilute Existing Shareholders and Affect the Market Price of Our Common SharesQ3, 2025

Pineapple Financial Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

PTIV against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNFCA	78Outperform	$252.97M	5.87	9.13%	―	-1.14%	73.36%
IOR	77Outperform	$72.83M	20.35	2.95%	―	―	-13.27%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
VEL	55Neutral	$637.23M	5.67	15.83%	―	31.59%	17.94%
GHI	52Neutral	$110.28M	-25.40	-1.08%	14.19%	-23.84%	-348.41%
PTIV	45Neutral	$18.36M	-0.02	-286.01%	―	-17.27%	21.69%
CNF	39Underperform	$33.44M	-0.01	-24.56%	―	―	―

* Financial Sector Average

Performance Comparison

PTIV and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
PTIV	Pineapple Financial, Inc.	0.73	-2.61	-78.11%
GHI	Greystone Housing Impact Investors Lp	4.72	-1.84	-28.02%
SNFCA	Security National Financial	9.22	1.58	20.71%
CNF	Cnfinance Holdings	2.02	-2.96	-59.44%
IOR	Income Opportunity Realty Investors	18.25	-0.03	-0.16%
VEL	Velocity Financial, Inc.	15.76	-2.98	-15.90%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 19, 2026

Pineapple Financial AI Stock Analysis