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PINEAPPLE EXPRESS CANNABIS COMPANY

PNXP · Technology · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

20

2021–2023 (latest 2 aligned FYs; v3 window cap 5): revenue $30250 to $5385, decreasing; diluted EPS -0.00 to 0.00, increasing. 1 fiscal year was not jointly reported; CAGR uses the full 2-year elapsed span. Diluted EPS was derived from net income and diluted weighted-average shares in 1 year where the direct tag was absent. 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%. Two-year history is scoreable but carries less confidence than a full-cycle record.

91

Median gross margin 100.0% over 5y, stable.

—

Not enough years of ROIC data to score returns on capital.

55

Net cash position — no leverage risk.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.

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
Unavailable — no recent price
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 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

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.

9 years of fundamentals

The business, in plain English

Across the filed record, revenue grew from $13750 (FY2019) to $16168 (FY2025) — about 2.7% a year compounded over 6 years.

PNXP'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.

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.

FY2017–FY2025 · 9 fiscal years, normalized from PNXP’s SEC filings

Sales, as filed$16168 FY2025
$0$20000$400002017202020232025
Revenue kept after cost of goods100.0% FY2023
0%50%100%2017202020232025
Standard ROIC or separately labeled Operating ROIC

Not disclosed in PNXP’s filings for these years — we don’t estimate it.

Cash an owner could take out−$59497 FY2024
−$50000−$25000$02017202020232025

Gaps in a line mean that item isn’t in PNXP’s 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 EXPRESS CANNABIS COMPANY makes its money

PINEAPPLE EXPRESS CANNABIS COMPANY's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$16168100%
−$16857−104%
Income before tax−$31153−193%
Income tax$00%
−$31153−193%
Source: · event Jan 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What PINEAPPLE EXPRESS CANNABIS COMPANY owns — and owes

PINEAPPLE EXPRESS CANNABIS COMPANY's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$0Unavailable
Cash and equivalents$0Unavailable
Stockholders’ equity−$2079Unavailable
Source: · event Jan 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives PINEAPPLE EXPRESS CANNABIS COMPANY’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity346%Tax burden100%net income ÷ pretax incomeInterest burden185%pretax ÷ operating incomeOperating margin−104%operating income ÷ revenueAsset turnover17.29×revenue ÷ average assetsEquity multiplier-0.10×average assets ÷ average equityAs of 2025-01-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$31153FY2025
Income before tax−$31153FY2025
Operating income−$16857FY2025
$16168FY2025
Ending assets$0FY2025
Beginning assets$1870FY2024
−$2079FY2025
−$15927FY2024
Source:
  • SEC filingFiling detailsAccession 0001139020-25-000132
  • SEC filingFiling detailsAccession 0001493152-24-022263
· event Jan 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where PINEAPPLE EXPRESS CANNABIS COMPANY's cash went

PINEAPPLE EXPRESS CANNABIS COMPANY’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations−$45031−100%
Source: · event Jan 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding PINEAPPLE EXPRESS CANNABIS COMPANY

Delayed public 13F reports for 2026-Q1—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

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 unavailable · event Mar 31, 2026 · retrieved Jul 26, 2026

Flagship explainer

What PINEAPPLE EXPRESS CANNABIS COMPANY insiders reported

Insider activity is unavailable from the source; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale47.6 / 100
0406080100WideNarrowShallowNo moatJul 20, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 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.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for PNXP.

Track record

How PINEAPPLE EXPRESS CANNABIS COMPANY’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2018–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored PNXP on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100Indexed price · log scale 20182020202220242025

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The indexed price path isn't available for this company yet; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, PNXP did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Technology context

#338 of 744 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #336DTGI Digerati Technologies, Inc.47.7Shallow moat
  2. #337ON ON Semiconductor Corporation47.7Shallow moat
  3. #339RNG RingCentral, Inc.47.5Shallow moat
  4. #340OOMA Ooma, Inc.47.4Shallow moat

Compare PNXP with its nearest peers →All Technology companies on the Index →

Common questions about PNXP

Does PINEAPPLE EXPRESS CANNABIS COMPANY have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores PINEAPPLE EXPRESS CANNABIS COMPANY (PNXP) 47.6 out of 100 — a Shallow 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 20, pricing power 91, returns on capital not measurable from the filings, balance-sheet safety 55, capital allocation 24.
How has PNXP's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 47.6 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) 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 PNXP. See the disclaimer.