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Side-by-side financial comparison of Pineapple Financial Inc. (PAPL) and Phunware, Inc. (PHUN). Click either name above to swap in a different company.
Phunware, Inc. is the larger business by last-quarter revenue ($1.0M vs $707.3K, roughly 1.4× Pineapple Financial Inc.). Phunware, Inc. runs the higher net margin — -260.2% vs -2756.2%, a 2496.0% gap on every dollar of revenue. On growth, Pineapple Financial Inc. posted the faster year-over-year revenue change (-4.8% vs -21.9%). Over the past eight quarters, Pineapple Financial Inc.'s revenue compounded faster (-2.0% CAGR vs -53.9%).
Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.
PAPL vs PHUN — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $707.3K | $1.0M |
| Net Profit | $-19.5M | $-2.6M |
| Gross Margin | 48.9% | 46.5% |
| Operating Margin | -2518.8% | -290.2% |
| Net Margin | -2756.2% | -260.2% |
| Revenue YoY | -4.8% | -21.9% |
| Net Profit YoY | -3174.1% | 59.7% |
| EPS (diluted) | $-1.21 | $-0.32 |
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.
| Q1 26 | $707.3K | — | ||
| Q4 25 | $721.7K | — | ||
| Q3 25 | $730.5K | — | ||
| Q2 25 | $746.9K | — | ||
| Q1 25 | $743.3K | — | ||
| Q4 24 | $766.1K | — | ||
| Q3 24 | $598.3K | — | ||
| Q2 24 | $736.4K | $1.0M |
| Q1 26 | $-19.5M | — | ||
| Q4 25 | $-6.4M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-557.7K | — | ||
| Q1 25 | $-595.4K | — | ||
| Q4 24 | $-656.9K | — | ||
| Q3 24 | $-1.7M | — | ||
| Q2 24 | $-848.6K | $-2.6M |
| 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% | 46.5% |
| Q1 26 | -2518.8% | — | ||
| Q4 25 | -909.1% | — | ||
| Q3 25 | -131.3% | — | ||
| Q2 25 | -93.3% | — | ||
| Q1 25 | -80.6% | — | ||
| Q4 24 | -90.5% | — | ||
| Q3 24 | -232.8% | — | ||
| Q2 24 | -121.7% | -290.2% |
| Q1 26 | -2756.2% | — | ||
| Q4 25 | -891.6% | — | ||
| Q3 25 | -250.3% | — | ||
| Q2 25 | -74.7% | — | ||
| Q1 25 | -80.1% | — | ||
| Q4 24 | -85.7% | — | ||
| Q3 24 | -283.9% | — | ||
| Q2 24 | -115.2% | -260.2% |
| 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 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $27.1M | $14.1M |
| Total Assets | $48.9M | $23.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $20.4M |
| Q1 26 | $27.1M | — | ||
| Q4 25 | $-5.5M | — | ||
| Q3 25 | $906.7K | — | ||
| Q2 25 | $842.6K | — | ||
| Q1 25 | $739.7K | — | ||
| Q4 24 | $1.3M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $2.0M | $14.1M |
| Q1 26 | $48.9M | — | ||
| Q4 25 | $10.6M | — | ||
| Q3 25 | $5.4M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $4.1M | — | ||
| Q3 24 | $4.1M | — | ||
| Q2 24 | $4.3M | $23.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.3M | $-2.7M |
| Free Cash FlowOCF − Capex | $-3.3M | — |
| FCF MarginFCF / Revenue | -462.7% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-489.7K | — | ||
| Q3 25 | $-507.6K | — | ||
| Q2 25 | $397.0K | — | ||
| Q1 25 | $-172.6K | — | ||
| Q4 24 | $-663.6K | — | ||
| Q3 24 | $-264.7K | — | ||
| Q2 24 | $123.0K | $-2.7M |
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-491.7K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-264.7K | — | ||
| Q2 24 | $122.7K | — |
| Q1 26 | -462.7% | — | ||
| Q4 25 | -68.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -44.2% | — | ||
| Q2 24 | 16.7% | — |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
