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Pivotree Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 15.5M 17.3M 19.2M 18.2M 18.8M
Operating Revenue 15.5M 17.3M 19.2M 18.2M 18.8M
Cost Of Revenue 8.2M 9.3M 10.7M 10.2M 11.5M
Gross Profit 7.3M 8.0M 8.4M 8.0M 7.3M
Selling General And Administration 5.4M 5.0M 5.6M 5.6M 6.8M
General And Administrative Expense 4.9M 4.5M 5.2M 5.3M 6.4M
Research And Development 224,405 332,795 492,247 602,748 522,648
Depreciation And Amortization In Income Statement 555,027 1.3M 1.3M 1.4M 1.5M
Other Operating Expenses 493,704 472,828 488,757 706,808 856,821
Operating Expense 6.6M 7.1M 7.9M 8.4M 9.8M
Operating Income 614,877 888,764 538,846 -347,451 -2.5M
EBIT 1.1M 2.7M 425,103 132,736 -4.9M
Interest Expense 20,574 17,336 36,771 27,656 41,052
Interest Expense Non Operating 20,574 17,336 36,771 27,656 41,052
Interest Income 29,721 11,177 4,926 14,404 21,541
Interest Income Non Operating 29,721 11,177 4,926 14,404 21,541
Net Interest Income 9,147 -6,159 -31,845 -13,252 -19,511
Other Income Expense 405,474 1.8M -118,669 465,783 -2.4M
Special Income Charges 0.00 2.4M 0.00 0.00 -2.3M
Restructuring And Mergern Acquisition 0.00 0.00 0.00 0.00 2.3M
Gain On Sale Of Security 405,474 -613,665 -118,669 465,783 -120,063
Pretax Income 1.0M 2.6M 388,332 105,080 -4.9M
Tax Provision 91,980 101,003 156,347 319,473 147,006
Tax Effect Of Unusual Items 36,227 67,263 -17,800 69,867 -362,984
Net Income From Continuing And Discontinued Operation 937,518 2.5M 231,985 -214,393 -5.1M
Net Income From Continuing Operation Net Minority Interest 937,518 2.5M 231,985 -214,393 -5.1M
Net Income Including Noncontrolling Interests 937,518 2.5M 231,985 -214,393 -5.1M
Net Income Common Stockholders 937,518 2.5M 231,985 -214,393 -5.1M
Net Income 937,518 2.5M 231,985 -214,393 -5.1M
EBITDA 1.6M 3.9M 1.7M 1.5M -3.4M
Normalized EBITDA 1.2M 2.2M 1.9M 1.1M -933,080
Reconciled Depreciation 555,027 1.3M 1.3M 1.4M 1.5M
Basic EPS 0.04 0.10 0.01 -- -0.19
Diluted EPS 0.04 0.10 0.01 -- -0.19
Basic Average Shares 26.4M 26.4M 26.4M -- 26.4M
Diluted Average Shares 26.4M 26.4M 26.4M -- 26.4M
Total Unusual Items 405,474 1.8M -118,669 465,783 -2.4M
Total Unusual Items Excluding Goodwill 405,474 1.8M -118,669 465,783 -2.4M
Tax Rate For Calcs 0.09 0.04 0.15 0.15 0.15
Normalized Income 568,271 848,865 332,854 -610,309 -3.0M
Depreciation Amortization Depletion Income Statement 555,027 1.3M 1.3M 1.4M 1.5M
Diluted NI Availto Com Stockholders 937,518 2.5M 231,985 -214,393 -5.1M
Gain On Sale Of Ppe 0.00 2.4M -- -- 0.00
Net Income Continuous Operations 937,518 2.5M 231,985 -214,393 -5.1M
Net Non Operating Interest Income Expense 9,147 -6,159 -31,845 -13,252 -19,511
Other Gand A 134,902 138,590 130,423 187,588 160,117
Reconciled Cost Of Revenue 8.2M 9.3M 10.7M 10.2M 11.5M
Rent And Landing Fees 302,286 308,947 376,849 543,850 456,505
Rent Expense Supplemental 302,286 308,947 376,849 543,850 456,505
Salaries And Wages 4.5M 4.1M 4.6M 4.6M 5.7M
Selling And Marketing Expense 442,665 473,609 453,535 325,783 490,991
Total Expenses 14.9M 16.4M 18.6M 18.6M 21.3M
Total Operating Income As Reported -- 257,763 383,406 -- --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 11.8M 8.6M 6.5M 3.9M 5.3M
Cash Cash Equivalents And Short Term Investments 11.8M 8.6M 6.5M 3.9M 5.3M
Cash Financial 11.8M 8.6M 6.5M 3.9M 5.3M
Other Short Term Investments -- -- -- 0.00 0.00
Accounts Receivable 8.7M 9.1M 10.4M 11.9M 11.2M
Receivables 10.4M 11.8M 12.0M 13.2M 12.7M
Prepaid Assets 794,140 1.2M 1.0M 939,766 1.5M
Other Current Assets 495,853 317,511 322,546 411,561 --
Current Assets 23.5M 21.9M 19.9M 18.5M 19.7M
Gross PPE 14.4M 14.2M 14.3M 14.4M 14.5M
Accumulated Depreciation -13.2M -12.9M -12.8M -12.6M -12.4M
Net PPE 1.2M 1.3M 1.6M 1.9M 2.1M
Goodwill 30.1M 29.7M 30.8M 30.9M 29.4M
Goodwill And Other Intangible Assets 32.0M 31.6M 33.6M 34.8M 34.1M
Other Intangible Assets 1.9M 1.9M 2.8M 3.8M 4.7M
Total Non Current Assets 33.2M 32.9M 35.2M 36.6M 36.3M
Total Assets 56.7M 54.8M 55.1M 55.1M 56.0M
Current Debt And Capital Lease Obligation 337,363 233,438 256,144 350,655 483,153
Accounts Payable 1.7M 1.6M 2.1M 2.0M 2.8M
Payables 1.8M 1.7M 2.2M 2.3M 3.0M
Payables And Accrued Expenses 4.7M 4.4M 4.7M 4.7M 7.1M
Current Accrued Expenses 2.9M 2.7M 2.5M 2.4M 4.2M
Current Deferred Revenue 583,609 463,294 1.9M 1.8M 1.8M
Other Current Liabilities 20,000 -- 91,300 162,100 --
Current Liabilities 5.7M 5.1M 7.0M 7.0M 9.4M
Long Term Debt And Capital Lease Obligation 0.00 8,010 79,599 104,031 80,598
Long Term Capital Lease Obligation 0.00 8,010 79,599 104,031 80,598
Total Non Current Liabilities Net Minority Interest 0.00 8,010 79,599 104,031 80,598
Total Liabilities Net Minority Interest 5.7M 5.1M 7.0M 7.1M 9.5M
Common Stock 92.8M 92.6M 92.9M 92.8M 92.7M
Capital Stock 92.8M 92.6M 92.9M 92.8M 92.7M
Additional Paid In Capital 5.9M 6.0M 5.6M 5.4M 5.3M
Retained Earnings -50.2M -51.2M -53.7M -54.0M -53.7M
Gains Losses Not Affecting Retained Earnings 2.6M 2.4M 3.4M 3.8M 2.2M
Other Equity Adjustments 2.6M 2.4M 3.4M 3.8M 2.2M
Common Stock Equity 51.0M 49.8M 48.1M 48.0M 46.5M
Stockholders Equity 51.0M 49.8M 48.1M 48.0M 46.5M
Total Equity Gross Minority Interest 51.0M 49.8M 48.1M 48.0M 46.5M
Total Capitalization 51.0M 49.8M 48.1M 48.0M 46.5M
Net Tangible Assets 19.0M 18.1M 14.4M 13.2M 12.4M
Tangible Book Value 19.0M 18.1M 14.4M 13.2M 12.4M
Working Capital 17.8M 16.9M 12.9M 11.4M 10.3M
Invested Capital 51.0M 49.8M 48.1M 48.0M 46.5M
Total Debt 337,363 241,448 335,743 454,686 563,751
Share Issued 26.4M 26.3M 26.4M 26.4M 26.4M
Ordinary Shares Number 26.4M 26.3M 26.4M 26.4M 26.4M
Capital Lease Obligations 337,363 241,448 335,743 454,686 563,751
Current Capital Lease Obligation 337,363 233,438 256,144 350,655 483,153
Current Deferred Liabilities 583,609 463,294 1.9M 1.8M 1.8M
Hedging Assets Current -- 61,300 -- 0.00 63,600
Income Tax Payable 71,572 115,413 149,076 244,212 198,679
Leases 319,209 223,926 311,127 422,727 517,164
Machinery Furniture Equipment 14.1M 14.0M 14.0M 14.0M 13.9M
Non Current Deferred Assets -- -- -- 0.00 57,316
Non Current Deferred Taxes Assets -- -- -- 0.00 57,316
Other Receivables 1.8M 2.8M 1.7M 1.4M 1.6M
Properties 0.00 0.00 0.00 0.00 0.00
Receivables Adjustments Allowances -62,894 -75,265 -88,959 -88,959 0.00
Restricted Cash -- -- -- 0.00 168,963
Total Tax Payable 71,572 115,413 149,076 244,212 198,679
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 3.6M 724,449 3.0M -1.2M -267,159
Cash Flow From Continuing Operating Activities 3.6M 724,449 3.0M -1.2M -267,159
Depreciation And Amortization 555,027 1.3M 1.3M 1.4M 1.5M
Depreciation Amortization Depletion 555,027 1.3M 1.3M 1.4M 1.5M
Stock Based Compensation 223,295 204,014 225,876 169,278 238,148
Change In Working Capital 2.3M -1.5M 1.1M -2.2M 2.9M
Changes In Account Receivables 1.7M -354,466 1.0M 69,309 809,059
Change In Receivables 1.7M -354,466 1.0M 69,309 809,059
Change In Payables And Accrued Expense 342,290 -200,794 123,526 -2.2M 1.6M
Change In Payable 342,290 -200,794 -- -- 1.6M
Change In Other Working Capital 130,968 -829,292 -12,153 -338,803 -487,423
Capital Expenditure -285,764 -293,964 -281,111 -347,548 -372,308
Purchase Of PPE -17,635 -15,261 -23,675 -70,837 -31,098
Net PPE Purchase And Sale -17,635 -15,261 -23,675 -70,837 -31,098
Purchase Of Business -- -- -- 0.00 0.00
Sale Of Investment 0.00 0.00 -- -- 0.00
Net Investment Purchase And Sale 0.00 0.00 -- 0.00 0.00
Investing Cash Flow -285,764 1.6M -281,111 -347,548 -372,308
Cash Flow From Continuing Investing Activities -285,764 1.6M -281,111 -347,548 -372,308
Repayment Of Debt -108,143 -111,201 -116,215 -126,248 -105,956
Net Issuance Payments Of Debt -108,143 -111,201 -116,215 -126,248 -105,956
Repurchase Of Capital Stock -62,639 -98,156 0.00 -1.00 0.00
Net Common Stock Issuance -62,639 -98,156 0.00 -1.00 0.00
Common Stock Payments -62,639 -98,156 0.00 -1.00 0.00
Financing Cash Flow -170,782 -209,357 -116,215 -126,249 -105,956
Cash Flow From Continuing Financing Activities -170,782 -209,357 -116,215 -126,249 -105,956
Effect Of Exchange Rate Changes 11,538 -87,421 -9,897 69,596 -13,557
Changes In Cash 3.2M 2.2M 2.6M -1.7M -745,423
Beginning Cash Position 8.6M 6.5M 3.9M 5.5M 6.2M
End Cash Position 11.8M 8.6M 6.5M 3.9M 5.5M
Free Cash Flow 3.3M 430,485 2.8M -1.5M -639,467
Change In Account Payable 385,675 -168,735 -- -- 1.6M
Change In Income Tax Payable -43,385 -32,059 -- -- 0.00
Change In Prepaid Assets 179,954 -141,917 -13,057 333,867 955,384
Change In Tax Payable -43,385 -32,059 -- -- 0.00
Gain Loss On Investment Securities 81,300 -152,600 -70,800 225,700 -67,800
Gain Loss On Sale Of PPE 0.00 -2.4M -- -- 0.00
Long Term Debt Payments -108,143 -111,201 -116,215 -126,248 -105,956
Net Business Purchase And Sale -- -- -- 0.00 0.00
Net Foreign Currency Exchange Gain Loss -486,774 766,265 189,469 -691,483 187,863
Net Income From Continuing Operations 937,519 2.5M 231,985 -214,393 -5.1M
Net Intangibles Purchase And Sale -268,129 1.7M -257,436 -276,711 -341,210
Net Long Term Debt Issuance -108,143 -111,201 -116,215 -126,248 -105,956
Operating Gains Losses -405,474 -1.8M 118,669 -465,783 120,063
Proceeds From Stock Option Exercised -- -- -- -- 0.00
Purchase Of Intangibles -268,129 -278,703 -257,436 -276,711 -341,210
Sale Of Intangibles 0.00 1.9M -- -- 0.00
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