# Pineapple Financial Inc.: Form 10-Q for the period ended Feb 28, 2025

- Company: [Pineapple Financial Inc.](/companies/papl.md) (CIK 1938109)
- Form: 10-Q
- Filed: 2025-04-14
- Accepted by EDGAR: Apr 14, 2025, 20:30 ET
- Period: 2025-02-28
- Accession: 0001641172-25-004579
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1938109/000164117225004579/form10-q.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1938109/000164117225004579/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2025-02-28.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 3 months, 2024-12-01 to 2025-02-28 | $743.3k | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Revenue | 6 months, 2024-09-01 to 2025-02-28 | $1.5m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 3 months, 2024-12-01 to 2025-02-28 | $420.9k | us-gaap:CostOfRevenue |
| Cost of revenue | 6 months, 2024-09-01 to 2025-02-28 | $835.1k | us-gaap:CostOfRevenue |
| Selling, general and administrative | 3 months, 2024-12-01 to 2025-02-28 | $572.9k | us-gaap:SellingGeneralAndAdministrativeExpense |
| Selling, general and administrative | 6 months, 2024-09-01 to 2025-02-28 | $995.2k | us-gaap:SellingGeneralAndAdministrativeExpense |
| Operating income | 3 months, 2024-12-01 to 2025-02-28 | −$598.9k | us-gaap:OperatingIncomeLoss |
| Operating income | 6 months, 2024-09-01 to 2025-02-28 | −$1.3m | us-gaap:OperatingIncomeLoss |
| Net income | 3 months, 2024-12-01 to 2025-02-28 | −$595.4k | us-gaap:NetIncomeLoss |
| Net income | 6 months, 2024-09-01 to 2025-02-28 | −$1.3m | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months, 2024-12-01 to 2025-02-28 | −$0.09 | us-gaap:EarningsPerShareDiluted |
| Diluted EPS | 6 months, 2024-09-01 to 2025-02-28 | −$0.13 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months, 2024-12-01 to 2025-02-28 | −$0.09 | us-gaap:EarningsPerShareBasic |
| Basic EPS | 6 months, 2024-09-01 to 2025-02-28 | −$0.13 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months, 2024-12-01 to 2025-02-28 | 9,026,001 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Diluted shares (weighted) | 6 months, 2024-09-01 to 2025-02-28 | 8,760,507 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 6 months, 2024-09-01 to 2025-02-28 | −$836.2k | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Cash and equivalents | at 2025-02-28 | $493.6k | us-gaap:Cash |
| Current assets | at 2025-02-28 | $870.9k | us-gaap:AssetsCurrent |
| Total assets | at 2025-02-28 | $4.0m | us-gaap:Assets |
| Current liabilities | at 2025-02-28 | $2.1m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2025-02-28 | $3.2m | us-gaap:Liabilities |
| Shareholders' equity | at 2025-02-28 | $739.7k | us-gaap:StockholdersEquity |

## Controls and procedures

As filed, 2,090 characters.

### Evaluation of Disclosure Controls and Procedures

We are transitioning to and will maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and timely reported as provided in SEC rules and forms and that such information is accumulated and communicated to our management, as appropriate, to allow for timely decisions regarding required disclosure. We will periodically review the design and effectiveness of our disclosure controls and procedures, including compliance with various laws and regulations that apply to our operations. We will make modifications to improve the design and effectiveness of our disclosure controls and procedures and may take other corrective action if our reviews identify a need for such modifications or actions. In designing and evaluating the disclosure controls and procedures, we recognize that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and we will apply judgment in evaluating the cost-benefit relationship of possible controls and procedures. In addition, the design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with policies or procedures may deteriorate. Because of the inherent limitations in a control system, misstatements due to error or fraud may occur and not be detected.

### Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during our last fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Filed Apr 14, 2025.
Source: SEC EDGAR, the filing index for accession 0001641172-25-004579. Last ingested by Listed: Oct 24, 2026, 15:06 ET. No prices; not investment advice.