Pineapple Financial ( (PAPL) ) has released a notification of late filing.
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Pineapple Financial Inc. has notified investors that it will be late in filing its Form 10-Q (Quarter Report) for the quarter ended November 30, 2025, via a Form 12b-25 submission to the U.S. Securities and Exchange Commission. The company says the delay relates specifically to this quarterly filing and not to any prior reporting obligations.
The primary reason for the delay is the need for additional time to finalize Pineapple Financial’s financial statements and to allow its independent public accounting firm to complete its audit work. Management indicates that filing the Form 10-Q (Quarter Report) on time would have required unreasonable effort and expense, suggesting the holdup is mainly tied to the completion of the audit process rather than to a specific disclosed internal control breakdown, governance issue, or external disruption.
Pineapple Financial states that it expects to file the delayed Form 10-Q (Quarter Report) within the five-calendar-day grace period allowed under SEC Rule 12b-25 for late quarterly reports. This means investors should anticipate the report to be submitted within a few days of the original due date, assuming no further complications arise.
Importantly for shareholders, the company does not anticipate any significant change in its results of operations compared with the same quarter in the prior fiscal year, based on information available at the time of the notice. As with all such statements, this expectation is forward-looking and subject to change once the audit is fully completed and the Form 10-Q (Quarter Report) is officially filed.
Pineapple Financial emphasizes that it is working to complete the necessary financial reporting and audit procedures as quickly as possible to remain in compliance with its SEC reporting obligations. The notification was signed on January 14, 2026, by Chief Financial Officer Sarfraz Habib, underscoring executive-level oversight and responsibility for the delayed filing and the company’s ongoing compliance efforts.
The most recent analyst rating on (PAPL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Pineapple Financial stock, see the PAPL Stock Forecast page.
Spark’s Take on PAPL Stock
According to Spark, TipRanks’ AI Analyst, PAPL is a Neutral.
The score is primarily held down by weak financial quality—ongoing losses and negative operating/free cash flow—despite rapid revenue growth. Technicals remain broadly bearish with the price below key longer-term moving averages and a negative MACD, while valuation provides limited support due to a negative P/E and no dividend. A positive corporate governance/strategy event modestly offsets these risks.
To see Spark’s full report on PAPL stock, click here.
More about Pineapple Financial
Average Trading Volume: 564,034
Technical Sentiment Signal: Sell
Current Market Cap: $1.67M
Learn more about PAPL stock on TipRanks’ Stock Analysis page.