Pineapple Financial Inc. Files Q1 2025 10-Q

TL;DR

Pineapple Financial Inc. filed its Q1 2025 10-Q. Check financials.

AI Summary

Pineapple Financial Inc. filed its 10-Q for the period ending November 30, 2024. The filing covers the first quarter of fiscal year 2025. The company's principal business is finance services, with its headquarters located at 111 Gordon Baker Road, Suite 200, North York, Z4 M2H3R1.

Why It Matters

This filing provides investors with an update on Pineapple Financial Inc.'s financial performance and position for the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing and does not contain immediate red flags.

Key Numbers

• Q1 2025 — Fiscal Quarter (Reporting period for the 10-Q filing)
• 2024-11-30 — Period End Date (The end date of the financial reporting period)

Key Players & Entities

• Pineapple Financial Inc. (company) — Filer of the 10-Q
• 111 Gordon Baker Road, Suite 200, North York, Z4 M2H3R1 (location) — Company Business Address
• 20241130 (date) — End of Reporting Period
• 20250121 (date) — Filing Date

FAQ

Filing Documents

• form10-q.htm (10-Q) — 764KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 5KB
• ex32-2.htm (EX-32.2) — 5KB
• 0001493152-25-002938.txt ( ) — 3962KB
• papl-20241130.xsd (EX-101.SCH) — 43KB
• papl-20241130_cal.xml (EX-101.CAL) — 55KB
• papl-20241130_def.xml (EX-101.DEF) — 78KB
• papl-20241130_lab.xml (EX-101.LAB) — 277KB
• papl-20241130_pre.xml (EX-101.PRE) — 208KB
• form10-q_htm.xml (XML) — 529KB

Financial Statements

Financial Statements Consolidated Balance Sheets (unaudited) 3 Consolidated Statements of Operations and Comprehensive Loss(unaudited) 4 Consolidated Statements of Shareholders' Equity (unaudited) 5 Consolidated Statements of Cash Flows (unaudited) 6

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 30 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 31 Item 6. Exhibits 31

SIGNATURES

SIGNATURES 32 i FORWARD-LOOKING This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, or the "Securities Act," and Section 21E of the Securities Exchange Act of 1934 or the "Exchange Act." These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or anticipated results. In some cases, you can identify forward-looking statements by terms such as "may," "intend," "might," "will," "should," "could," "would," "expect," "believe," "anticipate," "estimate," "predict," "potential," or the negative of these terms. These terms and similar expressions are intended to identify forward-looking statements. The forward-looking statements in this report are based upon management's current expectations and beliefs, which management believes are reasonable. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor or combination of factors, or factors we are aware of, may cause actual results to differ materially from those contained in any forward-looking statements. You are cautioned not to place undue reliance on any forward-looking by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. You should be aware that our actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including: the timing of the development of future services, projections of revenue, earnings, capital structure and other financial items, regarding the capabilities of our business operations, of expected future e

financial statements . Uncertainty about these assumptions

financial statements . Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Investments (level 3) Where the fair values of financial assets and financial liabilities recorded on the condensed interim consolidated statements of financial position, cannot be derived from active markets, they are determined using a variety of valuation techniques. The inputs to these models are derived from observable market data where possible; where observable market data is not available, Management's judgment is required to establish fair values. Share based compensation Management is required to make certain estimates when determining the fair value of stock options awards, and the number of awards that are expected to vest. These estimates affect the amount recognized as stock-based compensation in the statements of income and comprehensive income based on estimates of volatility, forfeitures and expected lives of the underlying stock options which are at a maximum of 36 months vesting period. Warrant Liability: The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant's specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company's own ordinary shares, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. For issued or modified warrants that

View Full Filing

View this 10-Q filing on SEC EDGAR