Pineapple Financial Inc. (PAPL) - Net Assets
Based on the latest financial reports, Pineapple Financial Inc. (PAPL) has net assets worth $-5.49 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.63 Million) and total liabilities ($16.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Pineapple Financial Inc. liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-5.49 Million |
| % of Total Assets | -51.65% |
| Annual Growth Rate | 42.06% |
| 5-Year Change | -86.89% |
| 10-Year Change | N/A |
| Growth Volatility | 1740.44 |
Pineapple Financial Inc. - Net Assets Trend (2020–2025)
This chart illustrates how Pineapple Financial Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Pineapple Financial Inc.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Pineapple Financial Inc. (2020–2025)
The table below shows the annual net assets of Pineapple Financial Inc. from 2020 to 2025. For live valuation and market cap data, see Pineapple Financial Inc. (PAPL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $906.68K | -32.80% |
| 2024-08-31 | $1.35 Million | -24.45% |
| 2023-08-31 | $1.79 Million | -61.40% |
| 2022-08-31 | $4.63 Million | -33.13% |
| 2021-08-31 | $6.92 Million | +4313.04% |
| 2020-08-31 | $156.77K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pineapple Financial Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8894.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.62 Million | 1281.76% |
| Other Comprehensive Income | $-509.30K | -56.17% |
| Other Components | $3.19 Million | 351.94% |
| Total Equity | $906.68K | 100.00% |
Pineapple Financial Inc. Competitors by Market Cap
The table below lists competitors of Pineapple Financial Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BR.SCH.ED.HLD.SP.ADR CL.A
F:BSK0
|
$16.44 Million |
|
Enzo Biochem Inc
NYSE:ENZ
|
$16.44 Million |
|
Genenta Science SpA ADR
NASDAQ:GNTA
|
$16.45 Million |
|
US Copper Corp
V:USCU
|
$16.47 Million |
|
Royal Prima PT
JK:PRIM
|
$16.43 Million |
|
Tasman Resources Ltd
AU:TAS
|
$16.42 Million |
|
Indbank Merchant Banking Services Limited
NSE:INDBANK
|
$16.42 Million |
|
ViroGates A/S
CO:VIRO
|
$16.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pineapple Financial Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,349,316 to 906,679, a change of -442,637 (-32.8%).
- Net loss of 3,638,465 reduced equity.
- Share repurchases of 487,313 reduced equity.
- New share issuances of 1,847,477 increased equity.
- Other comprehensive income decreased equity by 100,790.
- Other factors increased equity by 1,936,454.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.64 Million | -401.3% |
| Share Repurchases | $487.31K | -53.75% |
| Share Issuances | $1.85 Million | +203.76% |
| Other Comprehensive Income | $-100.79K | -11.12% |
| Other Changes | $1.94 Million | +213.58% |
| Total Change | $- | -32.80% |
Book Value vs Market Value Analysis
This analysis compares Pineapple Financial Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 70.86x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-08-31 | $0.02 | $1.47 | x |
| 2021-08-31 | $0.96 | $1.47 | x |
| 2022-08-31 | $0.64 | $1.47 | x |
| 2023-08-31 | $0.25 | $1.47 | x |
| 2024-08-31 | $0.19 | $1.47 | x |
| 2025-08-31 | $1.36 | $1.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pineapple Financial Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -401.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -121.82%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 5.97x
- Recent ROE (-401.30%) is below the historical average (-134.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 121.73% | 5.28% | 11.65x | 1.98x | $175.16K |
| 2021 | -3.39% | -1.46% | 2.13x | 1.10x | $-926.53K |
| 2022 | -60.74% | -78.04% | 0.56x | 1.39x | $-3.27 Million |
| 2023 | -157.29% | -112.26% | 0.54x | 2.59x | $-2.99 Million |
| 2024 | -304.05% | -152.57% | 0.66x | 3.04x | $-4.24 Million |
| 2025 | -401.30% | -121.82% | 0.55x | 5.97x | $-3.73 Million |
Industry Comparison
This section compares Pineapple Financial Inc.'s net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $3,503,216,712
- Average return on equity (ROE) among peers: 11.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pineapple Financial Inc. (PAPL) | $-5.49 Million | 121.73% | N/A | $16.44 Million |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $472.18 Million |
| Better Home & Finance Holding Company (BETR) | $51.73 Million | 52.76% | 15.20x | $430.66 Million |
| Eastside Distilling, Inc. (BLNE) | $18.75 Million | -48.25% | 0.41x | $54.53 Million |
| CNFinance Holdings Ltd (CNF) | $3.05 Billion | 28.27% | 5.36x | $19.07 Million |
| Mr. Cooper Group Inc (COOP) | $28.50 Billion | -0.24% | 10.50x | $13.49 Billion |
| Greystone Housing Impact Investors LP (GHI) | $0.00 | 0.00% | 0.00x | $128.29 Million |
| Guild Holdings Co (GHLD) | $1.18 Billion | -3.30% | 2.11x | $1.25 Billion |
| Income Opportunity Realty Investors (IOR) | $73.53 Million | 2.50% | 0.59x | $72.78 Million |
| Loandepot Inc (LDI) | $375.88 Million | 9.16% | 12.18x | $198.44 Million |
| Onity Group Inc. (ONIT) | $1.76 Billion | 10.25% | 2.22x | $334.39 Million |
About Pineapple Financial Inc.
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 financial institutions, client access to rate information and mortgage options from lenders, and assistance in selecting mortgage solution. The compa… Read more