Pineapple Financial (PAPL)
Market Price (3/30/2026): $0.6505 | Market Cap: $0.9 MilSector: Financials | Industry: Commercial & Residential Mortgage Finance
Pineapple Financial (PAPL)
Market Price (3/30/2026): $0.6505Market Cap: $0.9 MilSector: FinancialsIndustry: Commercial & Residential Mortgage Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -88% | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -132% | Penny stockMkt Price is 0.7 |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Fintech & Digital Payments, and AI in Financial Services. Themes include AI Software Platforms, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.5% | |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1290% | ||
| Stock price has recently run up significantly12M Rtn12 month market price return is 133% | ||
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.6% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1034% | ||
| High stock price volatilityVol 12M is 3999% | ||
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 44% | ||
| Key risksPAPL key risks include [1] persistent profitability and cash flow challenges, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -88% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Fintech & Digital Payments, and AI in Financial Services. Themes include AI Software Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -132% |
| Penny stockMkt Price is 0.7 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1290% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 133% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1034% |
| High stock price volatilityVol 12M is 3999% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 44% |
| Key risksPAPL key risks include [1] persistent profitability and cash flow challenges, Show more. |
Qualitative Assessment
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Pineapple Financial (PAPL) stock has lost about 80% since 11/30/2025 because of the following key factors:
1. Pineapple Financial reported significantly poor fiscal Q1 2026 financial results for the period ending November 30, 2025. The company announced gross billings of $4.1 million and revenue of $0.7 million, alongside a substantial loss from operations of $6.6 million. Total expenses for the quarter reached $7.3 million, notably including a $6.1 million non-cash change in the fair value of its Digital Asset Treasury (DAT). Additionally, cash on hand decreased to $1.5 million as of November 30, 2025.
2. The company exhibits concerning financial health metrics, indicating high risk and limited liquidity. As of March 2, 2026, Pineapple Financial has a negative operating margin of -98.7%, meaning it retains a significant operating loss per $100 of revenue. Furthermore, the company shows an elevated debt-to-equity ratio of 4.97, suggesting heavy reliance on borrowed funds, and a low current ratio of 0.77, indicating that current assets barely cover short-term liabilities, thereby limiting financial flexibility.
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1. Pineapple Financial reported significantly poor fiscal Q1 2026 financial results for the period ending November 30, 2025. The company announced gross billings of $4.1 million and revenue of $0.7 million, alongside a substantial loss from operations of $6.6 million. Total expenses for the quarter reached $7.3 million, notably including a $6.1 million non-cash change in the fair value of its Digital Asset Treasury (DAT). Additionally, cash on hand decreased to $1.5 million as of November 30, 2025.
2. The company exhibits concerning financial health metrics, indicating high risk and limited liquidity. As of March 2, 2026, Pineapple Financial has a negative operating margin of -98.7%, meaning it retains a significant operating loss per $100 of revenue. Furthermore, the company shows an elevated debt-to-equity ratio of 4.97, suggesting heavy reliance on borrowed funds, and a low current ratio of 0.77, indicating that current assets barely cover short-term liabilities, thereby limiting financial flexibility.
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Stock Movement Drivers
Fundamental Drivers
The -80.3% change in PAPL stock from 11/30/2025 to 3/29/2026 was primarily driven by a -59.4% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.44 | 0.68 | -80.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 26 | 2.4% |
| P/S Multiple | 0.1 | 0.0 | -59.4% |
| Shares Outstanding (Mil) | 1 | 1 | -52.7% |
| Cumulative Contribution | -80.3% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| PAPL | -80.3% | |
| Market (SPY) | -5.3% | 14.3% |
| Sector (XLF) | -10.0% | 13.8% |
Fundamental Drivers
The -83.2% change in PAPL stock from 8/31/2025 to 3/29/2026 was primarily driven by a -65.2% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.02 | 0.68 | -83.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 26 | 2.4% |
| P/S Multiple | 0.1 | 0.0 | -65.2% |
| Shares Outstanding (Mil) | 1 | 1 | -52.7% |
| Cumulative Contribution | -83.2% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| PAPL | -83.2% | |
| Market (SPY) | 0.6% | 14.1% |
| Sector (XLF) | -10.8% | 6.1% |
Fundamental Drivers
The 83.1% change in PAPL stock from 2/28/2025 to 3/29/2026 was primarily driven by a 555.4% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.37 | 0.68 | 83.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 26 | 5.1% |
| P/S Multiple | 0.0 | 0.0 | 555.4% |
| Shares Outstanding (Mil) | 0 | 1 | -73.4% |
| Cumulative Contribution | 83.1% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| PAPL | 83.1% | |
| Market (SPY) | 9.8% | 0.3% |
| Sector (XLF) | -7.1% | 3.3% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| PAPL | ||
| Market (SPY) | 69.4% | 0.1% |
| Sector (XLF) | 40.5% | 2.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PAPL Return | - | - | -20% | -75% | 212% | -53% | -70% |
| Peers Return | -53% | -50% | 117% | -26% | 21% | -26% | -66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| PAPL Win Rate | - | - | 50% | 8% | 25% | 0% | |
| Peers Win Rate | 37% | 36% | 53% | 42% | 47% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| PAPL Max Drawdown | - | - | -36% | -76% | -81% | -55% | |
| Peers Max Drawdown | -55% | -57% | -9% | -32% | -30% | -27% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RKT, UWMC, LDI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
PAPL has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to RKT, UWMC, LDI
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
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About Pineapple Financial (PAPL)
Pineapple Financial Inc. is a Canadian-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages and consumers. Through data-driven systems together with cloud based tools, we believe we offer competitive advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements. We also provide back office services, together with pre-underwriting support services (collectively, “Brokerage Services”) to Canadian mortgage brokerages (the “Brokerages”). In connection with Brokerage Services, we employ and engage several licensed mortgage brokers and agents (collectively, “Field Agents”). In addition, we enter into affiliation agreements with certain licensed mortgage brokers (collectively, “Affiliate Brokers” and, together with Field Agents and Brokerages, the “Users”), pursuant to which the Company and the Affiliate Broker enter into an affiliation relationship with the intention of jointly marketing mortgage brokerage and other financial services as affiliated entities. This is sometimes referred to as “white labeling”, which allows the Affiliate Broker to sell a mortgage that is branded with its company name to its own client base. We currently operate exclusively in Canada, specifically the provinces of Alberta, Manitoba, Newfoundland and Labrador, We have been approved by each of the applicable provincial mortgage regulators to operate in 11 provinces and territories namely Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Quebec, and Yukon, and 2 provinces to follow are Manitoba and Saskatchewan. We launched our first brokerage office in Alberta on July 1, 2021. We also launched our first brokerage office in Newfoundland and Labrador, Nova Scotia and Prince Edward Island on May 4, 2022. We opened our first British Columbia brokerage office in November 2022 and expect to open our first Quebec brokerage office in early to mid-2023. We provide our Brokerage Services for both residential and commercial mortgage opportunities and, in each case, through a proprietary technology called MyPineapple, as discussed in further detail below. --- MyPineapple At the heart of our Brokerage Services is an innovative technology system that provides real time data management and reporting, lead generation, customer relationship management and direct underwriting support, all in one. MyPineapple offers network management capabilities for Users, including hundreds of qualified Field Agents, to create an efficient marketplace for the provision of mortgage lending and insurance industry services. MyPineapple integrates directly with Salesforce, Equifax, OneSpan, G Suite and Filogix and manages the User’s day-to-day business through automated triggers and tasks, ensuring nothing falls through the cracks. Backed by Salesforce.com, Inc. (“Salesforce”), pursuant to the Salesforce Agreement (defined herein), and built with proprietary code and deep data analytics, MyPineapple syncs up with Users’ calendars and emails, produces robust reporting, advanced analytics, and real-time notifications on marketing communications, and more. MyPineapple is a sophisticated and fundamental tool for revenue growth and relationship development. It plays a significant role in what we believe makes our Brokerage Services distinct and cutting-edge. MyPineapple was created to address key issues within the mortgage brokerage industry. We built MyPineapple to create a long-term competitive advantage relative to traditional service providers, who have comparatively high-touch, labor intensive and costly operations. Our MyPineapple platform is completely automated, simplifying the mortgage process while providing efficiencies to alleviate pressure on the User’s staffing in completing traditional administrative tasks, which in turn reduces the User’s cost structure and results in increased profit margins and scalability. MyPineapple reduces manual processes through robust quality control mechanisms, logistics management capabilities, capacity planning tools and end-to-end transaction management. MyPineapple also includes a leading education technology platform which enables Users to continuously stay informed and educated on what mortgage solutions and market conditions could impact Canadian consumers. We are a Canadian company, incorporated under the law of the Province of Ontario, and our principal executive offices are located at Unit 200, 111 Gordon Baker Road, North York, Ontario M2H 3R1. Our registered and records office is located at 67 Mowat Avenue, Suite 122, Toronto, Ontario.
AI Analysis | Feedback
Here are 1-2 brief analogies for Pineapple Financial (PAPL):
Shopify for mortgage brokers: PAPL provides a comprehensive technology platform and services (MyPineapple) that enables mortgage brokers and brokerages to efficiently manage their operations, leads, customer relationships, and transactions, much like Shopify empowers e-commerce businesses to build and scale their online stores.
Toast for mortgage brokers: Similar to how Toast offers an all-in-one operating system for restaurants, PAPL's MyPineapple provides an integrated suite of technology and back-office support tailored specifically for the Canadian mortgage brokerage industry, streamlining processes and enhancing efficiency for its users.
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Here are the major products and services provided by Pineapple Financial (PAPL):
- Mortgage Brokerage Services: The company provides direct mortgage brokerage services to consumers for both residential and commercial opportunities.
- Brokerage Support Services: Pineapple Financial offers back-office and pre-underwriting support to other Canadian mortgage brokerages.
- Affiliate Brokerage Program: This service involves forming affiliation agreements with licensed mortgage brokers, allowing them to jointly market and "white-label" mortgage services under their own brand.
- MyPineapple Technology Platform: A proprietary cloud-based technology platform that offers real-time data management, lead generation, CRM, underwriting support, workflow automation, and educational resources for mortgage professionals.
AI Analysis | Feedback
Pineapple Financial Inc. (PAPL) primarily sells its mortgage technology and brokerage services to various entities and professionals within the Canadian mortgage industry. The company does not list specific customer companies by name. Instead, it serves the following categories of customers:
- Canadian Mortgage Brokerages: These are companies that utilize Pineapple Financial's comprehensive Brokerage Services, which include back-office support, pre-underwriting services, and access to the proprietary MyPineapple technology platform.
- Affiliate Brokers: These are licensed mortgage brokers (who may operate as individuals or small firms) that enter into white-label affiliation agreements with Pineapple Financial. This allows them to jointly market mortgage brokerage and other financial services under their own brand, leveraging Pineapple Financial's technology and infrastructure.
- Mortgage Agents, Brokers, and Sub-brokers (including Field Agents): These are individual licensed mortgage professionals who directly use the MyPineapple platform. MyPineapple provides them with advanced tools for real-time data management, lead generation, customer relationship management (CRM), and direct underwriting support, aiming to streamline their operations and enhance efficiency.
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Salesforce.com, Inc. (CRM)
Equifax (EFX)
OneSpan (OSPN)
Alphabet Inc. (GOOGL)
Filogix
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Shubha Dasgupta - Chief Executive Officer, Co-Founder & Director
Shubha Dasgupta is the Co-Founder and Chief Executive Officer of Pineapple Financial Inc., a position he has held since October 2015. He entered the mortgage industry in 2008 and is credited with leading the development of Pineapple's proprietary technology platform, MyPineapple/Pineapple+. An entrepreneur, Mr. Dasgupta launched his first business at the age of 20 and has successfully built and exited multiple companies. He previously served as the President of the Canadian Mortgage Brokers Association (CMBA) Ontario board in 2021. Mr. Dasgupta has been recognized on the Canadian Mortgage Professional Hot List and Mortgage Global 100. He is also a co-founder of CMI Cancer Fighters and currently serves as a Director at the Melanoma Network of Canada.
Sarfraz Habib - Chief Financial Officer
Sarfraz Habib was appointed as the Chief Financial Officer of Pineapple Financial Inc. in June 2023. He brings over 25 years of experience in finance and accounting, having worked with both public and private organizations. Prior to joining Pineapple Financial, Mr. Habib was the Controller of Keystroke Group Inc., where he significantly reduced finance costs and streamlined the company's accounting and finance processes.
Kendall Marin - President & Chief Operating Officer, Co-Founder & Director
Kendall Marin is a Co-Founder and serves as the President and Chief Operating Officer of Pineapple Financial Inc. He also holds a position as a Director on the company's board.
Alma Aquino - SVP Service & Operations
Alma Aquino holds the title of Senior Vice President of Service & Operations at Pineapple Financial Inc.
Alex Shang - Vice President of Technology
Alex Shang is the Vice President of Technology at Pineapple Financial Inc.
AI Analysis | Feedback
The key risks to Pineapple Financial's business operations include:
- Financial Health and Liquidity: Pineapple Financial is quickly burning through cash and faces potential liquidity challenges, indicated by a concerning current ratio of 0.54. The company has negative shareholder equity, a more serious situation than high debt levels, and has expressed a need for additional capital to support growth and operations.
- Exposure to the Canadian Mortgage Market: Operating exclusively in Canada, Pineapple Financial's business is highly susceptible to fluctuations, regulatory changes, and economic conditions within the Canadian housing and mortgage industry, including rising interest rates and affordability pressures that can impact mortgage origination volumes.
- Digital Asset Investment Volatility: The company has incurred significant non-cash losses, particularly a net loss of $6.44 million in Q3 fiscal 2025, primarily driven by changes in the fair value of its Injective digital asset holdings. This indicates substantial exposure to the highly volatile cryptocurrency market.
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Pineapple Financial Inc. (PAPL) operates in two primary addressable markets within Canada: the mortgage brokerage services market and the digital lending platform market.
Canadian Mortgage Brokerage Services Market
The addressable market for Pineapple Financial's mortgage brokerage services in Canada was valued at approximately USD 778.56 million in 2025. This market is projected to grow to USD 989.65 million by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 4.92% from 2025 to 2030. Residential mortgages constituted 74.5% of the Canada mortgage/loan brokers market share in 2024.
Canadian Digital Lending Platform Market
For its technology solutions, including the MyPineapple platform, Pineapple Financial's addressable market within the Canadian digital lending platform sector generated a revenue of USD 698.0 million in 2024. This market is expected to significantly expand, reaching USD 3,019.9 million by 2030, with a robust CAGR of 28.2% from 2025 to 2030.
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Pineapple Financial (PAPL) anticipates several key drivers for future revenue growth over the next 2-3 years, stemming from strategic technological integrations, expanded service offerings, and its innovative financial strategies.
- AI-Powered Agent Network Expansion and Sales Growth: The company is implementing an AI-Empowered Sales Expansion strategy and has launched an AI-Powered Agent Growth Platform. This initiative aims to proactively connect with over 40,000 agents across Canada, significantly expanding Pineapple Financial's national footprint and driving scalable revenue growth through an AI-driven search and sales agent onboarding program. Furthermore, Pineapple Financial expects its national agent network to expand to between 700-1000 gross agents during fiscal year 2026, supported by targeted recruitment and enhanced onboarding processes.
- Expansion into New Product Offerings (Insurance and Renewals+ Platform): Pineapple Financial plans to grow its revenue through new, high-margin service areas. In May 2025, the company announced a partnership to expand its insurance offering, which it believes will unlock a multi-billion dollar opportunity in life, creditor, and disability insurance for mortgage clients. Additionally, the Renewals+ Platform, unveiled in November 2024, is designed to optimize mortgage renewals and enhance customer retention. This platform is expected to generate new, high-margin revenue streams by capitalizing on Canada's substantial mortgage renewal market.
- Digital Asset Treasury (DAT) Strategy and Staking Yield: A significant new strategic direction for Pineapple Financial is its $100 million Injective Digital Asset Treasury (DAT) strategy, launched in late 2025. This initiative aims to bridge traditional finance with the on-chain economy, positioning Pineapple Financial as the world's largest publicly traded holder of INJ tokens. The DAT strategy is designed to generate sustainable yield and enhance the company's long-term revenue profile through staking income and compounding treasury earnings.
- Recovery in the Canadian Mortgage Market: Pineapple Financial is positioned to benefit from a gradual recovery in mortgage activity. Management anticipates increased mortgage application volumes and lead-generation activity as interest-rate conditions stabilize and borrower confidence improves heading into fiscal year 2026. The company's investments in technology, customer experience, and operational efficiencies are expected to drive revenue growth and increased customer retention as the Canadian mortgage market recovers.
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Share Repurchases
- Pineapple Financial's Board of Directors authorized a share repurchase program for up to US$3,000,000 of its common shares, with repurchases intended to commence in the first half of 2026.
- The timing, price, and quantity of repurchases will depend on various factors including market conditions, stock price, regulatory limits, and corporate liquidity.
Share Issuance
- Pineapple Financial went public on the NYSE American exchange on November 1, 2023.
- In May 2025, Pineapple Financial announced the pricing of a public offering of 10,000,000 units, each consisting of one common share and one warrant, at $0.15 per unit.
- Between July 25, 2025, and August 1, 2025, investors exercised warrants to purchase 302,967 common shares, resulting in aggregate gross proceeds of $908,901 for the company.
Inbound Investments
- On September 5, 2025, Pineapple Financial completed a $100 million private placement, which was used to establish its Injective Digital Asset Treasury Strategy.
Outbound Investments
- As part of its digital asset treasury strategy, Pineapple Financial initiated a strategic investment program in Injective digital assets, investing approximately $11.8 million with plans to invest up to $100 million.
- On February 19, 2026, the company completed a $2.0 million open-market purchase of 560,647 Injective (INJ) tokens.
- As of February 19, 2026, Pineapple Financial maintained $20.79 million in capital reserves designated for future purchases of INJ tokens.
Capital Expenditures
- Pineapple Financial invested $2,000 in capital expenditures in Q1 2026, directed towards funding long-term assets and infrastructure.
- In early 2026, the company undertook a comprehensive operational restructuring involving AI deployment and workforce realignment to materially lower its fixed cost base, which implies investments in technology and operational efficiency.
Trade Ideas
Select ideas related to PAPL.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.38 |
| Mkt Cap | 0.6 |
| Rev LTM | 1,247 |
| Op Inc LTM | -2 |
| FCF LTM | -1,728 |
| FCF 3Y Avg | -1,646 |
| CFO LTM | -1,678 |
| CFO 3Y Avg | -1,364 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.5% |
| Rev Chg 3Y Avg | 9.6% |
| Rev Chg Q | 35.5% |
| QoQ Delta Rev Chg LTM | 9.7% |
| Op Mgn LTM | -8.5% |
| Op Mgn 3Y Avg | -12.3% |
| QoQ Delta Op Mgn LTM | 1.3% |
| CFO/Rev LTM | -69.0% |
| CFO/Rev 3Y Avg | -54.1% |
| FCF/Rev LTM | -75.6% |
| FCF/Rev 3Y Avg | -60.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.6 |
| P/S | 0.4 |
| P/EBIT | -0.1 |
| P/E | -2.4 |
| P/CFO | -0.8 |
| Total Yield | -10.2% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | -220.1% |
| D/E | 9.8 |
| Net D/E | 8.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -22.6% |
| 3M Rtn | -33.4% |
| 6M Rtn | -50.0% |
| 12M Rtn | 8.3% |
| 3Y Rtn | -14.3% |
| 1M Excs Rtn | -15.1% |
| 3M Excs Rtn | -25.9% |
| 6M Excs Rtn | -46.8% |
| 12M Excs Rtn | -7.0% |
| 3Y Excs Rtn | -78.6% |
Price Behavior
Price Behavior
| Market Price | $0.68 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 11/01/2023 | |
| Distance from 52W High | -90.5% | |
| 50 Days | 200 Days | |
| DMA Price | $0.78 | $2.68 |
| DMA Trend | down | down |
| Distance from DMA | -12.7% | -74.7% |
| 3M | 1YR | |
| Volatility | 186.4% | 4,466.5% |
| Downside Capture | 1.19 | 1.31 |
| Upside Capture | -397.80 | 240.46 |
| Correlation (SPY) | 16.3% | 0.1% |
PAPL Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.76 | 4.54 | 4.06 | 2.70 | 0.06 | 0.17 |
| Up Beta | 3.64 | 15.78 | 14.12 | 7.09 | -19.76 | -3.56 |
| Down Beta | 4.85 | 7.86 | 6.62 | 4.85 | 1.60 | -1.76 |
| Up Capture | -19% | -324% | -332% | -119% | 520% | 22% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 7 | 13 | 21 | 44 | 73 | 202 |
| Down Capture | 375% | 318% | 387% | 235% | 142% | 105% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 13 | 27 | 38 | 76 | 125 | 314 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PAPL | |
|---|---|---|---|---|
| PAPL | -94.0% | 216.0% | -0.72 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 4.3% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 5.1% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 4.6% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 3.8% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | -1.7% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 6.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PAPL | |
|---|---|---|---|---|
| PAPL | -62.6% | 165.9% | -0.64 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 3.3% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 5.8% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 4.0% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | -2.2% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 0.5% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PAPL | |
|---|---|---|---|---|
| PAPL | -38.8% | 165.9% | -0.64 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 3.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 5.8% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 4.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | -2.2% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 0.5% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 11/30/2025 | 01/21/2026 | 10-Q |
| 08/31/2025 | 12/03/2025 | 10-K |
| 05/31/2025 | 07/14/2025 | 10-Q |
| 02/28/2025 | 04/14/2025 | 10-Q |
| 11/30/2024 | 01/21/2025 | 10-Q |
| 08/31/2024 | 12/20/2024 | 10-K |
| 05/31/2024 | 07/15/2024 | 10-Q |
| 02/29/2024 | 04/15/2024 | 10-Q |
| 11/30/2023 | 01/16/2024 | 10-Q |
| 08/31/2023 | 12/14/2023 | 10-K |
| 05/31/2023 | 09/15/2023 | S-1/A |
| 02/28/2023 | 05/16/2023 | S-1/A |
| 08/31/2022 | 12/01/2022 | S-1 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Marin, Kendall Leo | COO | Direct | Buy | 7182025 | 2.48 | 1,175 | 2,908 | 5,896,453 | Form |
| 2 | Marin, Kendall Leo | COO | Direct | Buy | 7162025 | 0.10 | 1,000 | 100 | 229,292 | Form |
| 3 | Marin, Kendall Leo | COO | Direct | Buy | 7162025 | 0.09 | 7,000 | 650 | 213,564 | Form |
| 4 | Marin, Kendall Leo | COO | Direct | Buy | 7162025 | 0.09 | 81,000 | 7,628 | 224,218 | Form |
| 5 | Marin, Kendall Leo | COO | Direct | Buy | 7102025 | 0.10 | 5,000 | 491 | 224,566 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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