Pineapple (PAPL AMEX) Q1 loss, $51.2M DAT after-hours: tokenization focus
PAPL stock jumped into after-hours attention after Pineapple Financial (PAPL) posted Q1 2026 results that showed a larger operating loss and disclosed a $51.2 million Digital Asset Treasury. The report flagged revenue of $0.70 million, gross billings of $4.10 million, and total expenses of $7.30 million, including a $6.10 million non-cash DAT fair-value change. Investors are weighing near-term cash pressure against the company’s tokenization rollout and a Meyka AI forecast that projects multi-bagger upside.
PAPL stock: Q1 results and DAT valuation
Pineapple Financial reported Q1 2026 gross billings of $4.10 million and revenue of $0.70 million. The quarter included a $6.10 million non-cash fair-value change tied to the Digital Asset Treasury, bringing total expenses to $7.30 million and driving a loss from operations of $6.60 million. Management says the DAT (valued at $51.20 million) underpins a new operating strategy focused on capital efficiency and recurring revenue.
PAPL earnings and cash position
Pineapple disclosed cash on hand of $1.50 million as of November 30, 2025, down from $2.30 million year-over-year. Net cash used in operations improved to $0.50 million from $0.70 million. The company expects FY 2026 revenue of $7.90–$9.50 million and positive operating income for the year, but near-term liquidity and DAT price volatility remain key risks.
PAPL stock valuation and key metrics
At the last quote PAPL stock traded at $1.395 with a market cap near $1,278,779.00 and volume of 50,407,418 shares. Trailing EPS is -5.31 and reported PE is -0.18. Price-to-sales is low at 0.19, and price-to-book is ~1.38, reflecting a thin market cap versus on-chain assets and intangible asset weightings.
PAPL technicals and market reaction
After-hours trading followed a day range of $1.33–$2.01 and a 1-day percentage change of 31.60% on heavy reported volume. Technical indicators show RSI 39.68 and MACD slightly negative, pointing to short-term weakness but elevated trading interest. The high daily volume suggests speculative repositioning around the DAT disclosure and earnings news.
Meyka AI rates PAPL with a score out of 100
Meyka AI rates PAPL with a score out of 100: 64.35 (Grade: B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects strong upside scenarios tied to the DAT and tokenization, offset by weak profitability and tight cash. These grades are not guarantees and we are not financial advisors.
PAPL stock forecast and price targets
Meyka AI’s forecast model projects a 12-month price of $5.85, a quarterly target of $4.09, and a monthly level of $1.97. Versus the current price of $1.395, the 12-month forecast implies an upside of 319.50%, the quarterly target implies 193.12%, and the monthly target implies 41.29%. Conservative near-term analyst-style price target: $2.50. Bear-case liquidity target: $0.50. Forecasts are model-based projections and not guarantees.
Final Thoughts
Pineapple Financial’s Q1 2026 release left investors with a mixed picture. The company reported $0.70 million in revenue and a meaningful operating loss driven largely by a $6.10 million non-cash DAT fair-value move, while the DAT held roughly $51.20 million in value. PAPL stock traded at $1.395 after-hours on heavy volume as markets parsed near-term cash needs against long-term tokenization upside. Meyka AI’s forecast model projects a 12-month target of $5.85, implying ~319.50% upside versus the current price of $1.395, but the company also shows stretched profitability ratios and a thin cash runway. Our view: monitor operating cash flow improvement, DAT valuation transparency, and progress on mortgage tokenization commercialization before adding exposure. As an AI-powered market analysis platform, Meyka AI flags both the opportunity in on-chain mortgage data monetization and the execution and liquidity risks that could keep PAPL stock volatile this year.
FAQs
What drove PAPL stock movement after the Q1 report?
After Q1, PAPL stock moved on a $6.10 million non-cash DAT fair-value change and the disclosure of a $51.20 million Digital Asset Treasury. Investors reacted to both earnings detail and tokenization plans, creating high volume and price swings.
What is Meyka AI’s price forecast for PAPL stock?
Meyka AI’s forecast model projects a 12-month price of $5.85, a quarterly target of $4.09, and a monthly level of $1.97. Forecasts are model-based projections and not guarantees.
Is Pineapple financially stable after Q1 results?
Pineapple shows improving operating cash use but thin cash of $1.50 million and negative EPS. The DAT helps net asset value, but liquidity and DAT price swings remain material risks for stability.
How should investors follow PAPL stock news?
Watch updates on DAT valuation, tokenization commercialization, agent productivity, and cash flow. Track trading volume and management commentary on operating discipline to assess whether revenue and margins trend toward guidance.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
