Pivotree (TSE:PVT)
:PVT
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Pivotree
(PVT)
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Rating:63Neutral
Price Target:
C$2.00
▲(10.50% Upside)
Action:ReiteratedDate:03/28/26
The score is primarily supported by improved 2025 profitability, strong free cash flow, and a low-debt balance sheet. Offsetting this are ongoing revenue contraction and weak near-term technical momentum, while valuation appears reasonable based on the provided P/E.
Positive Factors
Balance sheet strength
Pivotree's extremely low debt relative to equity provides durable financial flexibility: it lowers solvency risk, preserves capacity to fund investments or acquisitions, and cushions the business through revenue volatility, supporting strategic options over the next 2–6 months.
Negative Factors
Multi-year revenue decline
Repeated revenue contraction undercuts the durability of recent profitability: declining top line limits opportunity to scale fixed-cost leverage and raises reliance on margin improvement or cost cuts to sustain earnings, making future profit resilience uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Pivotree's extremely low debt relative to equity provides durable financial flexibility: it lowers solvency risk, preserves capacity to fund investments or acquisitions, and cushions the business through revenue volatility, supporting strategic options over the next 2–6 months.
Read all positive factors
Pivotree (PVT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$43.37M
Dividend YieldN/A
Average Volume (3M)6.50K
Price to Earnings (P/E)11.2
Beta (1Y)-0.18
Revenue Growth-14.62%
EPS GrowthN/A
CountryCA
Employees300
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding26,283,506
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)0.09
Revenue Forecast (FY)C$65.36M
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 primarily makes money by selling technology-enabled services and solutions to enterprise clients. Key revenue streams include: (1) Professional services revenue from consulting, implementation, systems integration, and project work relate...
Pivotree Earnings Call Summary
Earnings Call Date:Nov 13, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 22, 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
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 66.80M | 78.24M | 89.81M | 101.69M | 67.54M |
| Gross Profit | 26.80M | 33.80M | 41.48M | 45.73M | 29.88M |
| EBITDA | 6.37M | -3.73M | 63.09K | -1.33M | -5.81M |
| Net Income | 4.24M | -11.89M | -7.23M | -9.09M | -11.59M |
Balance Sheet | |||||
| Total Assets | 56.00M | 55.12M | 64.09M | 83.75M | 94.18M |
| Cash, Cash Equivalents and Short-Term Investments | 12.76M | 3.88M | 8.64M | 17.35M | 24.57M |
| Total Debt | 223.02K | 454.69K | 950.37K | 1.68M | 2.30M |
| Total Liabilities | 4.79M | 7.12M | 6.60M | 18.28M | 26.30M |
| Stockholders Equity | 51.21M | 47.99M | 57.49M | 65.47M | 67.88M |
Cash Flow | |||||
| Free Cash Flow | 8.89M | -5.33M | -3.68M | -2.53M | -8.79M |
| Operating Cash Flow | 9.08M | -3.82M | -2.58M | -1.69M | -8.16M |
| Investing Cash Flow | 668.83K | -160.00K | -3.63M | -4.85M | -20.33M |
| Financing Cash Flow | -733.45K | -843.67K | -2.52M | -682.36K | -879.05K |
Pivotree Technical Analysis
Positive
1.81
Price Trends
1.71
Positive
1.73
Negative
1.59
Positive
Market Momentum
-0.01
Negative
54.90
Neutral
31.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PVT, the sentiment is Positive. The current price of 1.81 is above the 20-day moving average (MA) of 1.67, above the 50-day MA of 1.71, and above the 200-day MA of 1.59, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 31.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$19.08B | 15.49 | 16.37% | 0.48% | 9.07% | -1.79% | |
63 Neutral | C$43.37M | 11.20 | 7.10% | ― | -14.62% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | C$13.78M | -2.86 | -540.25% | ― | -33.03% | 64.53% | |
51 Neutral | C$131.05M | 60.68 | -13.00% | ― | 4.32% | -387.66% | |
44 Neutral | C$7.63M | -1.20 | -212.14% | ― | -54.67% | 71.78% | |
44 Neutral | C$2.75M | -4.02 | ― | ― | 19.14% | 25.00% |
* Technology Sector Average
TSE:PVT
Pivotree
1.65
0.23
16.20%
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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.