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| 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 |