PUDO Inc (PDO) AI Stock Analysis

• Market Cap: C$8.15M
• Dividend Yield: N/A
• Average Volume (3M): 3.52K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: 54.15%
• EPS Growth: N/A
• Country: CA
• Employees: 12
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): >-0.01
• Shares Outstanding: 33,272,285
• 10 Day Avg. Volume: 7,610
• 30 Day Avg. Volume: 3,520
• PEG Ratio: 0.83
• Price to Book (P/B): 21.07
• Price to Sales (P/S): 1.38
• P/FCF Ratio: 25.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.29 ▼(-48.60% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is primarily weighed down by weak technicals (price below major moving averages and negative MACD) and ongoing cash burn/continued losses, despite a strong, low-risk balance sheet (no debt) and improving operating trajectory (revenue growth and narrowing losses).

Positive Factors

Balance Sheet Strength

Zero reported debt materially reduces solvency risk and gives management flexibility to invest in PUDO's network and platform without heavy interest burdens. Over a 2–6 month horizon this supports sustained investments in retail partnerships and helps the company absorb cyclical revenue variability.

Revenue Growth and Margin

Consistent top-line growth combined with a ~35% gross margin indicates workable unit economics for parcel pickup/drop-off services. Durable per-parcel fees and improving revenue trends provide a path to scale operational leverage and support reinvestment into the network over the medium term.

Improving Equity Position

Recovery of shareholders' equity to positive territory strengthens the capital base and reduces immediate solvency concerns. This improvement lowers near-term dilution pressure, bolsters credibility with partners and lenders, and increases capacity to pursue modest growth initiatives or partnerships over coming months.

Negative Factors

Negative Cash Flow

Persistent negative operating and free cash flow means the business still consumes capital despite revenue gains. Over a 2–6 month horizon this elevates funding and dilution risk, constrains the ability to scale the PUDO network organically, and may force trade-offs between growth investments and cash preservation.

Fragile Profitability

Operating results remain marginally negative, indicating profitability is not yet durable. Small adverse changes in volumes, partner economics, or costs could quickly reverse recent improvements, making sustained net profitability contingent on continued volume expansion and tight cost control over the medium term.

Limited Scale and Volatile Capital Base

A modest asset base and historically volatile equity signal limited scale and a thin capital cushion for a network business. Structural scale is important for density, pricing leverage and partner onboarding; lacking it may slow margin improvement and make the business more vulnerable to shocks or competitive moves.

PUDO Inc Business Overview & Revenue Model

Company Description

PUDO Inc. provides e-commerce parcel services in Canada and the United States. The company offers consumers with convenient PUDO points to pick-up or drop-off e-commerce parcels. It provides services through online retailers, third party logistics companies, and courier companies, as well as Software as a Service (SaaS). The company is headquartered in Mississauga, Canada.

How the Company Makes Money

PUDO Inc. generates revenue by operating a parcel pickup-and-drop-off network and associated technology services for the e-commerce and parcel logistics ecosystem. Its primary revenue model is based on fees tied to parcel transactions (e.g., per-parcel or per-transaction service fees) paid by carriers, merchants/e-commerce shippers, or other logistics partners for access to PUDO locations that support deliveries, customer pickups, and returns. The company may also earn revenue through commercial agreements with retail locations in its network (structured as revenue share, commissions, or service arrangements), and through enterprise or platform/service fees for integrating its network into carrier or merchant workflows (e.g., technology integration, network access, and operational support). Specific rates, exact pricing structures, material partnerships, and the split of revenue by stream are null.

PUDO Inc Financial Statement Overview

Summary

Mixed fundamentals: revenue is growing (+8.6%) with healthy gross margin (~35%) and the balance sheet is strong with $0 debt and improved equity (~$0.72M). However, profitability remains negative (EBIT/EBITDA slightly negative; net loss) and TTM operating/free cash flow are negative (cash burn), keeping overall financial quality below average.

Income Statement

TTM (Trailing-Twelve-Months) revenue is $5.7M with solid growth (+8.6%), and gross margin remains healthy (~35%), indicating the core service economics are workable. However, profitability is still fragile: EBIT and EBITDA are slightly negative and net income remains a loss (about -$0.04M), even though losses have narrowed materially versus prior annual periods (e.g., 2021–2024). Overall, the trajectory is improving, but consistent profitability has not yet been established.

Balance Sheet

The balance sheet is a clear strength: total debt is $0 in the latest periods, resulting in very low financial risk and strong flexibility. Stockholders’ equity has improved meaningfully (from negative in 2024 to ~$0.72M in TTM), and total assets are ~$1.57M. The main watch-out is that equity has been volatile historically (including negative equity in prior years), suggesting the capital base has not been consistently stable through the cycle.

Cash Flow

Cash generation is the key weak spot in TTM (Trailing-Twelve-Months): operating cash flow is negative (-$0.23M) and free cash flow is also negative (-$0.24M), implying the business is still consuming cash despite improved earnings trends. This contrasts with 2025 annual results where operating and free cash flow were positive, pointing to variability in working capital and/or investment cadence. Until operating cash flow becomes consistently positive, funding risk and dilution risk remain elevated.

Breakdown	TTM	May 2025	May 2024	May 2023	May 2022	Feb 2021
Income Statement
Total Revenue	5.70M	4.15M	3.26M	3.83M	2.16M	1.67M
Gross Profit	1.95M	1.43M	1.30M	1.48M	697.83K	504.25K
EBITDA	-10.83K	-55.59K	-464.00K	-276.00K	-1.13M	-1.72M
Net Income	-41.59K	-82.81K	-498.00K	-328.00K	-1.21M	-1.82M
Balance Sheet
Total Assets	1.57M	1.46M	696.22K	612.38K	661.71K	1.39M
Cash, Cash Equivalents and Short-Term Investments	262.54K	650.00K	155.72K	177.93K	134.75K	749.71K
Total Debt	0.00	0.00	0.00	0.00	0.00	13.04K
Total Liabilities	848.63K	1.19M	796.27K	569.13K	713.52K	477.70K
Stockholders Equity	722.89K	271.74K	-100.05K	43.25K	-51.81K	915.75K
Cash Flow
Free Cash Flow	-241.99K	225.73K	-20.19K	50.56K	-596.14K	-1.37M
Operating Cash Flow	-228.70K	259.63K	18.81K	52.36K	-589.29K	-1.25M
Investing Cash Flow	-37.96K	-33.90K	-39.22K	-1.81K	-6.85K	-119.96K
Financing Cash Flow	393.27K	291.81K	0.00	0.00	-13.04K	122.88K

PUDO Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.57
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PDO, the sentiment is Negative. The current price of 0.57 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.37, and above the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 38.06 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PDO.

PUDO Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REKO	65 Neutral	C$21.83M	15.29	3.19%	―	0.38%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CJT	59 Neutral	C$1.31B	16.01	16.75%	1.67%	7.71%	3170.43%
TTNM	52 Neutral	C$102.71M	27.22	-23.32%	―	0.46%	-1160.80%
DST	49 Neutral	C$6.10M	-14.31	24.47%	―	-27.49%	-32.97%
PDO	45 Neutral	C$8.15M	-18.19	-6.36%	―	54.15%	―
FLT	45 Neutral	C$589.79M	-18.74	-45.72%	―	378.71%	27.52%

PUDO Inc Corporate Events

PUDO Inc. Boosts Revenue and Expands Returns Network in Q3 FY 2026

PUDO Inc. reported strong year-to-date growth for its fiscal 2026 third quarter ended November 30, 2025, with revenue from operations rising 57.5% to $4.23 million and gross profit up 61.3% to $1.39 million compared with the prior year period, while narrowing its comprehensive loss by 22.5% to $216,411. The company attributed the performance to increased parcel volumes and sustained expansion of its PUDOpoint network, particularly in PUDO Label Returns, which now accounts for 63.4% of revenue versus 54.4% a year earlier, underscoring the growing role of its returns services in the e-commerce ecosystem; management highlighted ongoing U.S. network expansion with retail, SaaS and third‑party logistics partners to support both returns and other last‑mile offerings, a strategy that could strengthen PUDO’s positioning as a key infrastructure provider for online retailers and carriers.

The most recent analyst rating on (TSE:PDO) stock is a Hold with a C$0.49 price target. To see the full list of analyst forecasts on PUDO Inc stock, see the TSE:PDO Stock Forecast page.

PUDO Inc. Sets January 27 Release for Q3 FY2026 Results and Webcast

PUDO Inc. announced it will release its unaudited third-quarter fiscal 2026 financial results on January 27, 2026, after the market close, followed by a management webcast led by CEO Elliott Etheredge to review the numbers and take questions from stakeholders. The scheduled disclosure underscores ongoing investor engagement around PUDO’s performance as it expands its independent last-mile parcel network, with the webcast offering analysts and shareholders a forum to assess how its growing PUDOpoint Counter network and e-commerce logistics partnerships are translating into financial and operational progress.

The most recent analyst rating on (TSE:PDO) stock is a Hold with a C$0.49 price target. To see the full list of analyst forecasts on PUDO Inc stock, see the TSE:PDO Stock Forecast page.