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Tribe Property Technologies
(TRBE)
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Rating:43Neutral
Price Target:
C$0.14
▼(-20.59% Downside)
Action:Reiterated
Date:09/24/26
The score is primarily held down by weak financial quality—persistent losses, ongoing cash burn, and high leverage with declining equity. Technicals add modest downside pressure with price below major moving averages and negative MACD. Valuation is not supportive given the negative P/E and lack of a provided dividend yield.
Positive Factors
Strong Revenue Growth
TTM revenue growth of roughly 74%, following 16% growth in 2025, indicates that the managed-property and related-services base is expanding rapidly. If this trajectory persists, greater scale can broaden the recurring fee pool and improve operating leverage, although profitability remains unfinished.
Negative Factors
Persistent Unprofitability
Losses across operating profit, EBITDA, and net income show that revenue growth has not yet translated into sustainable profitability. Until the business reaches positive earnings, expansion may require additional funding and the company remains more exposed to execution risk as it seeks scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
TTM revenue growth of roughly 74%, following 16% growth in 2025, indicates that the managed-property and related-services base is expanding rapidly. If this trajectory persists, greater scale can broaden the recurring fee pool and improve operating leverage, although profitability remains unfinished.
Read all positive factors
Tribe Property Technologies (TRBE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.00M
Dividend YieldN/A
Average Volume (3M)62.36K
Price to Earnings (P/E)―
Beta (1Y)-0.20
Revenue Growth0.89%
EPS Growth33.06%
CountryCA
Employees283
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.09
Shares Outstanding50,020,740
10 Day Avg. Volume98,539
30 Day Avg. Volume62,358
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)2.59
Price to Sales (P/S)0.37
P/FCF Ratio-4.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.03
Revenue Forecast (FY)C$37.50M
Tribe Property Technologies Business Overview & Revenue Model
Company Description
Tribe Property Technologies Inc. is a Vancouver-based proptech company, established in 2017, that provides technologically advanced property management solutions. Operating through its Software and Services and Software Licensing Fees segments, th...
How the Company Makes Money
TRBE primarily generates revenue by providing property management services and related fees to residential communities (e.g., strata/condominium corporations) and rental property clients. Its core revenue model is service-based: recurring manageme...
Tribe Property Technologies Earnings Call Summary
Earnings Call Date:Nov 28, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Dec 02, 2026
Earnings Call Sentiment Positive
The earnings call highlighted impressive revenue growth and profitability improvements, driven by strategic acquisitions and market expansion, particularly in the condo management sector. However, there are some challenges related to market conditions and one-time costs affecting gross margins. Overall, the sentiment is positive, with a strong outlook for future profitability and cash flow generation.Positive Updates
Record Revenue Growth
Tribe achieved record revenue of $8.33 million, a 74% increase compared to $4.8 million in Q3 last year.
Negative Updates
One-time Costs Impacting Gross Margin
Gross margin percentage remained stable due to onetime costs from workforce reductions, despite revenue growth.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Revenue Growth
Tribe achieved record revenue of $8.33 million, a 74% increase compared to $4.8 million in Q3 last year.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Tribe Properties Technologies (TRBE.V), the company provided robust guidance and highlighted several metrics. Tribe reported a record revenue of $8.33 million, marking a 74% increase from $4.8 million in the same quarter last year. The company's gross profit also saw a significant rise, reaching $3.03 million, which represents a 99% increase year-over-year. The gross margin percentage remained stable at 38.8%. A notable improvement was seen in adjusted EBITDA, which was an outflow of $0.11 million, a 93% improvement compared to an outflow of $1.44 million in Q3 2023. The revenue growth was fueled by organic growth and recent acquisitions, specifically DMS and Meritus in Ontario, which contributed to the strengthening of Tribe's market position. Joseph Nakhla, CEO, highlighted the company's status as the third-largest condo operator in Canada and emphasized the strategic integration and efficiency projects that have driven cost optimizations and profitability improvements. The company is on track to end the year in an EBITDA positive state, with expectations for a strong cash generation in 2025.Tribe Property Technologies Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
27
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.13M | 32.65M | 28.26M | 19.39M | 17.81M | 15.83M |
| Gross Profit | 11.89M | 11.61M | 11.35M | 7.19M | 6.93M | 7.51M |
| EBITDA | -1.13M | -319.65K | -3.40M | -11.76M | -8.36M | -4.98M |
| Net Income | -4.44M | -4.48M | -7.54M | -14.17M | -10.54M | -7.61M |
Balance Sheet | ||||||
| Total Assets | 24.01M | 25.03M | 27.72M | 14.40M | 26.05M | 18.38M |
| Cash, Cash Equivalents and Short-Term Investments | 1.38M | 1.34M | 1.91M | 1.40M | 1.60M | 1.29M |
| Total Debt | 14.08M | 13.71M | 17.94M | 8.79M | 6.68M | 8.75M |
| Total Liabilities | 21.15M | 20.31M | 25.53M | 10.73M | 8.41M | 10.39M |
| Stockholders Equity | 2.86M | 4.71M | 2.19M | 3.67M | 17.65M | 7.99M |
Cash Flow | ||||||
| Free Cash Flow | -3.33M | -2.69M | -2.02M | -7.95M | -9.82M | -6.19M |
| Operating Cash Flow | -3.17M | -2.55M | -1.94M | -7.48M | -9.11M | -5.76M |
| Investing Cash Flow | -174.88K | -116.38K | -10.04M | -777.17K | -980.60K | -4.76M |
| Financing Cash Flow | 2.81M | 2.09M | 12.47M | 1.49M | 16.97M | 10.82M |
Tribe Property Technologies Technical Analysis
Negative
0.17
Price Trends
0.16
Negative
0.19
Negative
0.21
Negative
Market Momentum
>-0.01
Negative
41.71
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TRBE, the sentiment is Negative. The current price of 0.17 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.16, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.71 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TRBE.
Tribe Property Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$1.72B | -82.04 | -5.13% | 1.19% | -7.33% | 54.42% | |
66 Neutral | C$9.25B | 44.75 | 11.82% | 0.82% | 2.98% | 7.81% | |
62 Neutral | C$6.91B | 44.75 | 7.23% | 0.31% | 14.17% | -4.41% | |
56 Neutral | C$106.40M | 7.88 | 8.51% | ― | -15.23% | 0.74% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$21.91M | 9.24 | -2.50% | 58.44% | -6.17% | ― | |
43 Neutral | C$7.00M | -1.57 | -101.91% | ― | 0.89% | 33.06% |
* General Sector Average
TSE:TRBE
Tribe Property Technologies
0.14
-0.22
-61.11%
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Tribe Property Technologies Corporate Events
Business Operations and Strategy
Tribe Deepens Habitat for Humanity GTA Partnership With New Build Day and Management Mandates
Positive
Oct 29, 2026
Tribe Management, the property management arm of Tribe Property Technologies, is deepening its partnership with Habitat for Humanity Greater Toronto Area through employee volunteerism and expanded management of Habitat communities. The company alr...
Business Operations and Strategy
Tribe Property Technologies Unifies Ontario Operations Under National Management Brand
Positive
Oct 22, 2026
Tribe Property Technologies has rebranded Ontario-based DMS Group under the Tribe Management banner, unifying its property management operations in Ontario with its national platform in Alberta and British Columbia. The move extends the Tribe Mana...
Business Operations and Strategy
Tribe Property Technologies to Highlight Growth Strategy at Planet MicroCap Toronto 2026
Positive
Oct 20, 2026
Tribe Property Technologies Inc., a Vancouver-based proptech company focused on modernizing property management through a tech-enabled service model and targeted acquisitions in North America, is positioning itself as a consolidator in a fragmente...
Business Operations and StrategyM&A Transactions
Tribe Property Technologies Fully Integrates Meritus, Expands Condo Management Footprint in Ontario
Positive
Sep 24, 2026
Tribe Property Technologies has completed the operational integration of its December 2023 acquisition, Meritus Group Management, consolidating the business into its national platform and rebranding Ontario operations under the Tribe Management ba...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Tribe Property Technologies Grows Recurring Revenue and Narrows Q2 Loss as It Scales National Platform
Positive
Aug 25, 2026
Tribe Property Technologies reported second-quarter 2026 revenue of $8.3 million, up 3.0% year over year, as software and services fees rose 4.9% to $6.9 million on stronger platform adoption and retention. Gross profit increased 3.6% to $3.5 mill...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Tribe Property Technologies Sets August 25 Date for Q2 2026 Results and Investor Call
Positive
Aug 20, 2026
Tribe Property Technologies will release its second quarter 2026 financial results for the period ended June 30 on August 25, 2026, and host a conference call and webcast the same day to review performance. The earnings materials will be available...
Business Operations and StrategyExecutive/Board Changes
Tribe Property Technologies Names Jerome Samuels Chief Operating Officer to Drive AI-Led Platform Integration
Positive
Aug 19, 2026
Tribe Property Technologies has appointed Jerome Samuels as Chief Operating Officer, expanding his remit beyond operations to oversee the company’s overall operational strategy and execution. Samuels, who joined earlier this year as Executiv...
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.