Pineapple Financial (PAPL) Operating Expenses (2022 - 2026)
Pineapple Financial (PAPL) posted Operating Expenses of -$24.3 million for Q2 2026, down 231.24% sequentially from $18.5 million in Q1 2026, and down 1784.25% YoY from $1.4 million in Q2 2025.
Pineapple Financial (PAPL) Operating Expenses (2022 - 2026) Analysis & Trends
Pineapple Financial has reported Operating Expenses for 5 years, with the latest figure at -$24.3 million in Q2 2026.
- Quarterly Operating Expenses fell 1784.25% year-over-year to -$24.3 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $3.2 million (down 49.79% YoY) and the FY2025 annual result came in at $5.9 million, down 8.89% from the prior year.
- Operating Expenses eased to -$24.3 million in Q2 2026 per PAPL's latest filing, from $18.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $18.5 million in Q1 2026 and troughed at -$24.3 million in Q2 2026.
- A 5-year average of $944168.8 and a median of $1.4 million in 2023 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 1280.06% in 2026, down 1784.25% in 2026.
- Over 5 years, Operating Expenses stood at $1.7 million in 2022, then dropped by 12.6% to $1.4 million in 2023, then increased by 0.96% to $1.5 million in 2024, then soared by 398.98% to $7.3 million in 2025, then tumbled by 433.8% to -$24.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$24.3 million, $18.5 million, and $7.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.72 Bn | 36.62 Bn | - | 2.50 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.73 Bn | 36.73 Bn | - | 2.07 Bn |
| 3 | Federal Home Loan Mortgage | 18.47 Bn | 14.15 Bn | - | 2.10 Bn |
| 4 | PennyMac Financial Services | 3.90 Bn | 3.15 Bn | 480.08 Mn | 465.44 Mn |
| 5 | CNFinance Holdings | 1.52 Bn | 1.45 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 304.62 Mn |
| 7 | Velocity Financial | 709.15 Mn | -6.74 Bn | - | 59.75 Mn |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | 635.05 Mn |
| 9 | Onity | 300.51 Mn | 104.21 Mn | - | 139.00 Mn |
| 10 | Pineapple Financial | 30.64 Mn | 20.13 Mn | - | -24.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -24.31 Mn |
| Feb 28, 2026 | 18.52 Mn |
| Nov 30, 2025 | 7.28 Mn |
| Aug 31, 2025 | 1.69 Mn |
| May 31, 2025 | 1.44 Mn |
| Feb 28, 2025 | 1.34 Mn |
| Nov 30, 2024 | 1.46 Mn |
| Aug 31, 2024 | 2.09 Mn |
| May 31, 2024 | 1.63 Mn |
| Feb 29, 2024 | 1.44 Mn |
| Nov 30, 2023 | 1.45 Mn |
| Aug 31, 2023 | -4.12 Mn |
| May 31, 2023 | 1.41 Mn |
| Feb 28, 2023 | 1.18 Mn |
| Nov 30, 2022 | 1.65 Mn |