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Side-by-side financial comparison of Future Vision II Acquisition Corp. (FVN) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.

Pineapple Financial Inc. is the larger business by last-quarter revenue ($707.3K vs $584.4K, roughly 1.2× Future Vision II Acquisition Corp.). Future Vision II Acquisition Corp. runs the higher net margin — 86.8% vs -2756.2%, a 2843.0% gap on every dollar of revenue.

Future Vision II Acquisition Corp is a special purpose acquisition company formed to pursue mergers, asset acquisitions, or business combinations with high-growth enterprises. It targets technology, consumer, and sustainable industry segments across North American and Asia-Pacific markets to drive long-term shareholder value.

FVN vs PAPL — Head-to-Head

Bigger by revenue
PAPL
PAPL
1.2× larger
PAPL
$707.3K
$584.4K
FVN
Higher net margin
FVN
FVN
2843.0% more per $
FVN
86.8%
-2756.2%
PAPL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FVN
FVN
PAPL
PAPL
Revenue
$584.4K
$707.3K
Net Profit
$507.0K
$-19.5M
Gross Margin
48.9%
Operating Margin
-14.4%
-2518.8%
Net Margin
86.8%
-2756.2%
Revenue YoY
-4.8%
Net Profit YoY
-3174.1%
EPS (diluted)
$-1.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FVN
FVN
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$584.4K
$721.7K
Q3 25
$618.7K
$730.5K
Q2 25
$614.4K
$746.9K
Q1 25
$612.4K
$743.3K
Q4 24
$766.1K
Q3 24
$147.8K
$598.3K
Q2 24
$736.4K
Net Profit
FVN
FVN
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$507.0K
$-6.4M
Q3 25
$557.2K
$-1.8M
Q2 25
$551.9K
$-557.7K
Q1 25
$454.3K
$-595.4K
Q4 24
$-656.9K
Q3 24
$141.9K
$-1.7M
Q2 24
$-848.6K
Gross Margin
FVN
FVN
PAPL
PAPL
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
67.6%
Q1 25
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
FVN
FVN
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-14.4%
-909.1%
Q3 25
-11.2%
-131.3%
Q2 25
-11.5%
-93.3%
Q1 25
-27.3%
-80.6%
Q4 24
-90.5%
Q3 24
-4.5%
-232.8%
Q2 24
-121.7%
Net Margin
FVN
FVN
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
86.8%
-891.6%
Q3 25
90.1%
-250.3%
Q2 25
89.8%
-74.7%
Q1 25
74.2%
-80.1%
Q4 24
-85.7%
Q3 24
96.0%
-283.9%
Q2 24
-115.2%
EPS (diluted)
FVN
FVN
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
Q2 25
$-0.05
Q1 25
$-1.73
Q4 24
$-2.60
Q3 24
$-11.10
Q2 24
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FVN
FVN
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
$61.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8M
$27.1M
Total Assets
$62.1M
$48.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVN
FVN
PAPL
PAPL
Q1 26
Q4 25
$61.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.3M
Q2 24
Stockholders' Equity
FVN
FVN
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$1.8M
$-5.5M
Q3 25
$3.1M
$906.7K
Q2 25
$4.3M
$842.6K
Q1 25
$7.0M
$739.7K
Q4 24
$1.3M
Q3 24
$6.7M
$1.3M
Q2 24
$2.0M
Total Assets
FVN
FVN
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$62.1M
$10.6M
Q3 25
$61.6M
$5.4M
Q2 25
$61.0M
$4.7M
Q1 25
$60.4M
$4.0M
Q4 24
$4.1M
Q3 24
$59.4M
$4.1M
Q2 24
$4.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVN
FVN
PAPL
PAPL
Operating Cash FlowLast quarter
$-99.4K
$-3.3M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-462.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.20×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVN
FVN
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-99.4K
$-489.7K
Q3 25
$-7.1K
$-507.6K
Q2 25
$-11.2K
$397.0K
Q1 25
$-190.1K
$-172.6K
Q4 24
$-663.6K
Q3 24
$-264.7K
Q2 24
$123.0K
Free Cash Flow
FVN
FVN
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
Q2 24
$122.7K
FCF Margin
FVN
FVN
PAPL
PAPL
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
Q2 24
16.7%
Capex Intensity
FVN
FVN
PAPL
PAPL
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
FVN
FVN
PAPL
PAPL
Q1 26
Q4 25
-0.20×
Q3 25
-0.01×
Q2 25
-0.02×
Q1 25
-0.42×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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