Pivotree (TSE:PVT)
:PVT
Want to see TSE:PVT full AI Analyst Report?
Top Page
Pivotree
(PVT)
Select Model
Select Model
Rating:61Neutral
Price Target:
C$1.50
▼(-17.13% Downside)
Action:Reiterated
Date:05/15/26
The score is supported by improved profitability/cash flow and a very strong, low-leverage balance sheet, but is held back by weak technical momentum and a multi-year revenue decline. Valuation appears only moderate with no dividend to offset uncertainty.
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage and equity-dominant capital provide durable financial flexibility. A strong balance sheet supports working capital, cushions cyclicality in services demand, and enables strategic options (investments, tuck-ins, or buybacks) that strengthen long-term stability.
Negative Factors
Multi-year revenue contraction
Sustained multi-year revenue declines are the central durability risk: shrinking top line erodes scale economics, limits cross-sell of managed services, and makes margin and cash-flow gains harder to sustain. Without revenue stabilization, the turnaround is vulnerable.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage and equity-dominant capital provide durable financial flexibility. A strong balance sheet supports working capital, cushions cyclicality in services demand, and enables strategic options (investments, tuck-ins, or buybacks) that strengthen long-term stability.
Read all positive factors
Pivotree (PVT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$42.40M
Dividend YieldN/A
Average Volume (3M)6.50K
Price to Earnings (P/E)19.8
Beta (1Y)-0.02
Revenue Growth-19.56%
EPS GrowthN/A
CountryCA
Employees300
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.18
Shares Outstanding26,175,306
10 Day Avg. Volume4,127
30 Day Avg. Volume6,495
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.93
Price to Sales (P/S)0.71
P/FCF Ratio5.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.03
Revenue Forecast (FY)C$56.30M
Pivotree Business Overview & Revenue Model
Company Description
Pivotree Inc. designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. It operates in two segments, Professional Services and Man...
How the Company Makes Money
Pivotree makes money primarily by providing technology and professional services to enterprise customers. Its revenue model typically includes: (1) Services revenue from implementing, integrating, and customizing commerce-related platforms and dat...
Pivotree Earnings Call Summary
Earnings Call Date:Nov 13, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted positive growth in certain segments like Managed IP Solutions and Professional Services, as well as significant cost-saving initiatives. However, overall revenue decline, particularly in Legacy Managed Services and MIPS, alongside reduced gross margins, indicates a mixed performance. The company's efforts towards restructuring and pipeline growth show promise, but challenges remain.Positive Updates
Managed IP Solutions Revenue Growth
Trailing 12-month revenue is up 28% versus the previous 12 months in the Managed IP solutions category.
Negative Updates
Overall Revenue Decline
Total revenue was $10.1 million in Q3, down $2.2 million or 11% year-over-year.
Read all updates
Q3-2024 Updates
Positive
Negative
Managed IP Solutions Revenue Growth
Trailing 12-month revenue is up 28% versus the previous 12 months in the Managed IP solutions category.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Pivotree, the company provided guidance emphasizing a transition towards leaner growth and cash flow generation. CEO William Di Nardo highlighted a noteworthy 28% increase in trailing 12-month revenue for their Managed IP Solutions (MIPS) category, with bookings consistently in the $3 million-plus range. The company also reported a 13% year-over-year increase in total bookings, totaling $19.2 million, despite a 7% decline in revenue compared to the previous year. Pivotree executed $8.5 million in cost savings, aiming to align operating expenses with industry benchmarks, anticipating full cash flow impact by Q2 2025. Furthermore, the Professional Services (PS) bookings reached $11.7 million, marking a 52% increase year-over-year, while Legacy Managed Services (LMS) faced a 30% decline in revenue as clients migrated from legacy technology. The call also detailed a $12 million increase in qualified new logo pipeline, the highest since 2022, indicating strong potential for future growth.Pivotree Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
88
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.51M | 66.80M | 78.24M | 89.81M | 101.69M | 67.54M |
| Gross Profit | 27.56M | 26.80M | 33.80M | 41.48M | 45.73M | 29.88M |
| EBITDA | 7.51M | 6.37M | -3.73M | 63.09K | -1.33M | -5.81M |
| Net Income | 4.58M | 4.24M | -11.89M | -7.23M | -9.09M | -11.59M |
Balance Sheet | ||||||
| Total Assets | 55.67M | 56.00M | 55.12M | 64.09M | 83.75M | 94.18M |
| Cash, Cash Equivalents and Short-Term Investments | 12.37M | 12.76M | 3.88M | 8.64M | 17.35M | 24.57M |
| Total Debt | 271.50K | 223.02K | 454.69K | 950.37K | 1.68M | 2.30M |
| Total Liabilities | 3.71M | 4.79M | 7.12M | 6.60M | 18.28M | 26.30M |
| Stockholders Equity | 51.96M | 51.21M | 47.99M | 57.49M | 65.47M | 67.88M |
Cash Flow | ||||||
| Free Cash Flow | 5.40M | 8.89M | -5.33M | -3.68M | -2.53M | -8.79M |
| Operating Cash Flow | 6.14M | 9.08M | -3.82M | -2.58M | -1.69M | -8.16M |
| Investing Cash Flow | 657.70K | 668.83K | -160.00K | -3.63M | -4.85M | -20.33M |
| Financing Cash Flow | -797.54K | -733.45K | -843.67K | -2.52M | -682.36K | -879.05K |
Pivotree Technical Analysis
Negative
1.81
Price Trends
1.67
Negative
1.73
Negative
1.63
Negative
Market Momentum
-0.02
Positive
35.55
Neutral
23.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PVT, the sentiment is Negative. The current price of 1.81 is above the 20-day moving average (MA) of 1.64, above the 50-day MA of 1.67, and above the 200-day MA of 1.63, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.55 is Neutral, neither overbought nor oversold. The STOCH value of 23.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PVT.
Pivotree Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$18.48B | 12.10 | 16.58% | 0.48% | 7.91% | -0.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | C$42.40M | 19.82 | 8.98% | ― | -19.56% | ― | |
51 Neutral | C$125.80M | 60.68 | -13.00% | ― | 4.32% | -387.66% | |
51 Neutral | C$14.59M | -1.60 | -540.25% | ― | -33.03% | 64.53% | |
44 Neutral | C$7.63M | -1.20 | -212.14% | ― | -54.67% | 71.78% | |
43 Neutral | C$2.75M | 15.46 | ― | ― | 19.01% | 70.15% |
* Technology Sector Average
TSE:PVT
Pivotree
1.57
0.28
21.71%
TSE:GIB.A
CGI
89.03
-59.10
-39.90%
TSE:ALYA
Alithya Group
1.30
-0.45
-25.71%
TSE:DM
Datametrex AI
0.05
-0.06
-54.55%
TSE:NERD
Nerds On Site
0.03
<0.01
20.00%
TSE:PBIT
POSaBIT Systems
0.09
0.02
38.46%
Pivotree Corporate Events
Business Operations and StrategyFinancial Disclosures
Pivotree Turns 2025 Profitable as AI-Driven Commerce Strategy Takes Hold
Positive
Mar 26, 2026
Pivotree reported that its 2025 turnaround to a high-margin, cash-generative model resulted in full-year adjusted EBITDA of $6.7 million, net income of $4.3 million and a year-end cash balance of $12.8 million, underpinned by cost discipline and i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.