v3.26.1
Revenue
9 Months Ended
May 31, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue

16. Revenue

 

   May 31, 2026   May 31, 2025 
   Nine months ended 
   May 31, 2026   May 31, 2025 
   $   $ 
Gross billing   10,510,212    13,048,445 
Commission expense   (9,419,249)   (11,969,345)
Revenue   1,090,963    1,079,099 
           
Subscription revenue   625,019    559,993 
Insurance   72,874    - 
Sponsorship revenue   142,733    169,928 
Underwriting revenue   76,863    92,784 
Other revenue   43,883    357,592 
Total revenue   2,052,335    2,259,396 

 

   May 31, 2026   May 31, 2025 
   Three months ended 
   May 31, 2026   May 31, 2025 
   $   $ 
Gross billing   3,038,778    4,400,201 
Commission expense   (2,730,429)   (4,158,334)
Revenue   308,349    241,867 
           
Subscription revenue   206,529    191,927 
Insurance   16,919    - 
Sponsorship revenue   43,845    237,109 
Underwriting revenue   26,110    35,143 
Other revenue   20,750    40,857 
Total revenue   622,502    746,903 

 

The Company generates revenue primarily from mortgage brokerage activities, subscription fees, underwriting services, and ancillary technology-enabled services. Revenue is disaggregated by geographic region based on the location of the customer.

 

For the nine month periods ended May 31, 2026 and 2025, all revenue was earned in Canada, as the Company operates exclusively within the Canadian mortgage market and has no foreign revenue-generating operations.

 

 

Pineapple Financial Inc.

Notes to the Condensed Interim Consolidated Financial Statements - Unaudited

For the period ended May 31, 2026

(Expressed in US Dollars)