Pineapple Financial (PAPL) Operating Expenses (2022 - 2026)

Pineapple Financial (PAPL) reported Operating Expenses of -$24.3 million for Q2 2026, down 1784.25% on a YoY basis from $1.4 million in Q2 2025, and down 231.24% sequentially from $18.5 million in Q1 2026.

Pineapple Financial (PAPL) Operating Expenses (2022 - 2026) Analysis & Trends

Pineapple Financial (PAPL) has 5 years of Operating Expenses data on file, last reported at -$24.3 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 1784.25% year-over-year to -$24.3 million; the trailing twelve-month figure through May 2026 stood at $3.2 million (down 49.79% YoY), and the FY2025 full-year result was $5.9 million, down 8.89% from the prior year.
  • Operating Expenses eased to -$24.3 million in Q2 2026, from $18.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $18.5 million in Q1 2026 to a low of -$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.
  • Peak annual rise in Operating Expenses reached 1280.06% in 2026, while the deepest fall reached 1784.25% in 2026.
  • Tracing PAPL's Operating Expenses over 5 years: stood at $1.7 million in 2022, then retreated by 12.6% to $1.4 million in 2023, then advanced by 0.96% to $1.5 million in 2024, then soared by 398.98% to $7.3 million in 2025, then plunged by 433.8% to -$24.3 million in 2026.
  • Business Quant data shows PAPL's Operating Expenses at -$24.3 million in Q2 2026, $18.5 million in Q1 2026, and $7.3 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 2.54 Bn
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 2.18 Bn
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 2.02 Bn
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 440.29 Mn
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 275.38 Mn
7 Velocity Financial 681.36 Mn -6.51 Bn - 54.34 Mn
8 UWM Holdings 540.43 Mn 116.43 Mn - 575.39 Mn
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - 98.41 Mn
10 Pineapple Financial 28.85 Mn 18.35 Mn - -24.31 Mn

Historic Data

Download Data
DateValue
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