What is Pineapple Financial's gross profit margin?

Did Pineapple Financial beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Pineapple Financial next quarter?

What does Pineapple Financial do and what are its main business segments?

What were the key takeaways from Pineapple Financial's earnings call?

What factors drove the changes in Pineapple Financial's revenue and profit?

What guidance did Pineapple Financial's management provide for the next earnings period?

What were the key takeaways from Pineapple Financial’s earnings call?

- **Revenue Growth Accelerates**: FY2025 revenue up 11% to $3.0 million, driven by $1.6 billion in mortgage volume and new insurance revenue.
- **Digital Asset Treasury Breakthrough**: $100M INJ token investment with 10-12% yields, positioning as first public company with on-chain mortgage platform.
- **AI-Driven Efficiency**: $1M annual cost savings from AI integration across mortgage workflows.
- **2026 Growth Catalysts**: 60% of Canadian mortgages maturing, federal policy reforms, and expanding digital asset yields.
- **Financial Strength**: Cash on hand up 250% to $2.1 million, operating expenses down 8.9%, and 18% net sales growth.

**【CEO Summary Section】**
- Pineapple Financial achieved 11% year-over-year revenue growth to $3.0 million in FY2025, driven by higher mortgage volumes and new insurance revenue streams.
- Launched a $100 million digital asset treasury strategy, becoming the largest public holder of INJ tokens, with yields projected at 10-12% annually.
- AI integration reduced annual operating costs by $1 million, improving efficiency across mortgage workflows.
- Projected 60% of Canadian mortgages will mature by end-2026, creating significant origination opportunities.
- Federal policy changes (e.g., extended amortization) are expected to boost consumer access and market activity in 2026.

**【CFO Financial Commentary】**
- FY2025 total revenue: $3.0 million (vs. $2.7 million FY2024), with:
  - Mortgage volume: $1.6 billion (+4.6% YoY)
  - Gross billings: $17.4 million (+7.2% YoY)
  - Net sales: $1.6 million (+18% YoY)
  - Insurance revenue: $198,000 (first full year)
- Operating expenses declined 8.9% to $5.9 million, driven by 5.4% SGA reduction and workforce optimization.
- Cash on hand increased to $2.1 million (from $0.6 million FY2024), supported by equity raises and warrant conversions.

**【Q&A Highlights】**
- **Interest Rate Outlook**: Bank of Canada rates down 175bps, creating affordability and 2026 renewal wave (60% of mortgages maturing).
- **Revenue Guidance**: Expect to maintain FY2025's 11% growth rate, with additional upside from:
  - Digital asset treasury yields (10-12%)
  - Expanding insurance business
  - On-chain mortgage product development
- **Market Sentiment**: Early signs of consumer return to market, supported by inventory growth and policy reforms.

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