Pineapple Financial Inc., a Canadian mortgage technology and brokerage platform, reported its Q3 Fiscal 2025 financial results. The company achieved gross billings of $14.23 million for the nine months ended May 31, 2025, reflecting a 15.23% increase from $12.35 million in the same period last year. Revenue rose by 11.78% to $2.26 million, compared to $1.97 million in 2024. Operating expenses decreased by 3.48% to $4.25 million, down from $4.42 million the previous year. This led to a reduction in operating loss, which narrowed by 16.76% to $1.99 million from $2.45 million in the prior year. The net cash used in operations improved significantly to $439,198, compared to $1.44 million in the same period last year. As of May 31, 2025, the company had cash on hand totaling $1.13 million, up from $580,356 at August 31, 2024. Additionally, Pineapple Financial's Board approved a 1-for-20 reverse stock split on June 26, 2025, to meet NYSE American relisting requirements and align long-term shareholder value. The company continues to trade on the OTC Markets and has access to a $15 million equity line of credit for future liquidity needs.