2022–2025 (latest 4 aligned FYs; v3 window cap 5): revenue $3.6M to $3M, decreasing; diluted EPS -0.45 to -5.31, decreasing. Latest-filed diluted EPS remains usable for Business Trend, but an integer share-count change lacks enough evidence to confirm a comparable EPS basis; valuation growth therefore stays at 0%.
0
Median gross margin -197.6% over 4y, variable.
0
Median ROIC -223.9%, above the 12% hurdle in 0% of years.
28
Net debt/EBITDA n/ax, interest coverage -61x.
44
Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$0.89
No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 243% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
5 years of fundamentals
The business, in plain English
PINEAPPLE FINANCIAL INC. booked $3M of revenue in FY2025 in the Other sector and kept 46.3% of it as gross profit — a solid-margin business by that measure. After every other cost, −121.8% of each revenue dollar reached the bottom line.
It earned −256.9% on invested capital in the latest filed year, FY2025. Across the full 3-year measurable filed record, median ROIC was −223.9%. Over the v3 recent window (3 measurable filed years), median ROIC was −223.9%. The Returns on Capital filter above scores it 0/100.
PAPL's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.
Put together: Capital Allocation is the strongest of the five filters (44/100) and Pricing Power the weakest (0/100), which is how PAPL lands at 20/100 — a None moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
FY2021–FY2025 · 5 fiscal years, normalized from PAPL’s SEC filings
Sales, as filed$3M FY2025Revenue kept after cost of goods46.3% FY2025Standard ROIC or separately labeled Operating ROIC
Exact FY and FY-1 financing invested-capital inputs are required.
Exact FY and FY-1 financing invested-capital inputs are required.
Cash an owner could take out−$3.6M FY2025
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Flagship explainer
How PINEAPPLE FINANCIAL INC. makes its money
PINEAPPLE FINANCIAL INC.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:
· event Aug 31, 2025 · retrieved Oct 18, 2026 · annual-row source set
Curated 19-manager tier
Who reported holding PINEAPPLE FINANCIAL INC.
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
0 holding0 exited0 not holding0/19 resolved19 not retrieved
Named manager positions and quarter-over-quarter changes
Manager
Reported position
Quarter-over-quarter
Filing accession
Abrams Capital
Not retrieved
Comparison not retrieved
Filing not retrieved
Akre Capital
Not retrieved
Comparison not retrieved
Filing not retrieved
Baupost Group
Not retrieved
Comparison not retrieved
Filing not retrieved
Berkshire Hathaway
Not retrieved
Comparison not retrieved
Filing not retrieved
Brave Warrior Advisors
Not retrieved
Comparison not retrieved
Filing not retrieved
Dodge & Cox
Not retrieved
Comparison not retrieved
Filing not retrieved
First Eagle
Not retrieved
Comparison not retrieved
Filing not retrieved
Fundsmith
Not retrieved
Comparison not retrieved
Filing not retrieved
Gardner Russo & Quinn
Not retrieved
Comparison not retrieved
Filing not retrieved
Gates Foundation Trust
Not retrieved
Comparison not retrieved
Filing not retrieved
Mairs & Power
Not retrieved
Comparison not retrieved
Filing not retrieved
Markel / Markel-Gayner
Not retrieved
Comparison not retrieved
Filing not retrieved
Oakmark / Harris Associates
Not retrieved
Comparison not retrieved
Filing not retrieved
Pershing Square
Not retrieved
Comparison not retrieved
Filing not retrieved
Polen Capital
Not retrieved
Comparison not retrieved
Filing not retrieved
Sequoia / Ruane Cunniff
Not retrieved
Comparison not retrieved
Filing not retrieved
Southeastern Asset Management
Not retrieved
Comparison not retrieved
Filing not retrieved
Tweedy, Browne
Not retrieved
Comparison not retrieved
Filing not retrieved
Yacktman Asset Management
Not retrieved
Comparison not retrieved
Filing not retrieved
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 18, 2026
Flagship explainer
What PINEAPPLE FINANCIAL INC. insiders reported
The complete Form 4 source snapshot retrieved on Oct 19, 2026 contains no transaction rows.
Verified empty: the retrieved source snapshot contains no transaction event.
Source snapshot retrieved 2026-10-19T07:00:05.998Z · SEC Form 4
Moat Score history
15 logged readings since Sep 4, 2026 · append-only, never rewritten
Moat Score over timeLast scored reading of each day, on the 0–100 scale19.6 / 100
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
None yet — PAPL has read No moat for every logged capture since Sep 4, 2026.
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
No reported Form 4 transactions were found in the complete checked issuer window for PAPL, –. The totals and cluster result below are arithmetic over that certified window.
$0
P purchases minus S sales only, Oct 20, 2025–Oct 20, 2026.
0 P / 0 S
Only P and S are included; awards, gifts, exercises, withholding, and other mechanics are excluded.
No
Requires at least 3 distinct insiders with P purchases.
Transaction-code histogram
Supporting event counts for the same certified window, Oct 20, 2025–Oct 20, 2026.
P
0
S
0
A
0
F
0
M
0
G
0
C
0
J
0
W
0
Retrieved .
Other context
#101 of 104 scored Other companies, ranked by Moat Score.
Does PINEAPPLE FINANCIAL INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores PINEAPPLE FINANCIAL INC. (PAPL) 19.6 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 27, pricing power 0, returns on capital 0, balance-sheet safety 28, capital allocation 44.
How has PAPL's Moat Score changed over time?
The record logs 15 readings since Sep 4, 2026; the latest reads 19.6 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PAPL. See the disclaimer.