Pinetree Capital Ltd.

Pinetree Capital Ltd.

9.59
CAD
+0.01
(+0.10%)
84.58MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
-92.27
-25.45
-17.66
-5.51
-0.26
-0.37
0.49
0.38
0.3
0.22
0.71
3.55
1.27
- -
Basic EPS, GAAP
-117.85
-54.44
-25.74
-7.37
-0.47
-0.48
0.39
0.27
0.19
0.13
0.61
3.44
1.05
- -
Free Cash Flow per Basic Share
9.93
-6.76
38.17
2.25
-1.45
-0.06
-0.21
-1.12
-1.43
-0.41
-0.41
0.32
0.05
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
89.99
35.03
13.35
3.8
3.73
3.25
3.64
3.89
4.09
4.22
4.83
8.28
9.33
8.8
Tangible Book Value per Share
89.99
35.03
13.35
3.8
3.73
3.25
3.64
3.89
4.09
4.22
4.83
8.28
9.33
8.8
Basic Weighted Avg Shares
1
1
1
2
4
5
5
5
8
9
9
9
9
9
Sales/Revenue/Turnover
-97
-33
-22
-11
-1
-2
2
2
2
2
7
33
12
- -
Operating Margin (%)
116.96
175.66
150.36
133.7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-123
-71
-32
-15
-2
-2
2
1
1
1
6
32
10
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
3.76
0.88
- -
0.26
0.11
5.92
- -
Profit Margin (%)
127.72
213.92
145.74
133.7
181.76
129.24
80.18
70.64
63.96
56.68
86.9
97.12
82.9
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
82
LT Debt
49
55
10
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
99
51
20
11
18
16
18
19
38
40
45
78
88
83
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
11.32
6.5
5.07
- -
13.54
52.53
11.96
- -
Return on Common Equity (%)
-79.3
-94.01
-91.18
-100.21
-11.98
-13.77
11.32
6.5
5.07
3.02
13.54
52.53
11.96
- -

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
104
79
85

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
70
96
Cash, Cash Equivalents & STI
6
69
95
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
2
14
Payables & Accruals
2
2
14
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.53%
40.56%
12.72%
Free Cash Flow
2.82%
-42.34%
-85.37%
Net Income, GAAP
45.81%
156.44%
-69.42%
Sales/Revenue/Turnover
27.3%
116.36%
-64.17%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11
-1
5
18
33
2025
8
3
- -
-1
12
2026
- -
-1
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.18
-0.1
0.51
1.85
3.44
2025
1.14
-0.18
- -
-0.12
1.05
2026
-2.02
1.49
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Damien Leonard
Full Time Employees
3
Sector
Finance
Industry
Financial conglomerates
Address
1965 Queen Street East Toronto ON Canada M4L 1H9
IPO Date
May 11, 1962
Business
Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on early to later stage investments in micro and small-cap companies, primarily in the technology, resource, and healthcare sectors; it provides equity investments, debt and convertible securities, financial advisory services, and merchant banking activities targeting providers of mission-critical software and services in niche markets with established intellectual property. The company maintains a concentrated portfolio of typically 8-12 investments, with equity positions representing 7% to 12% of assets that may exceed 20%, alongside holdings in cash, cash equivalents, and amounts due from brokers; it takes minority stakes in enterprise software, financial services, and healthcare businesses across the USA, Canada, and Europe. Founded in 1992 and headquartered in Toronto, Canada, Pinetree operates primarily within a single reportable geographic segment in Canada while pursuing global opportunities. In recent developments, Pinetree Capital, through its Pinetree Income Partnership, acquired approximately 110,176 shares of TruBridge Inc. common stock for $3.06 million across transactions in February 2025, increasing its total ownership to 729,176 shares and underscoring continued interest in healthcare technology providers. The company reported net investment gains of $1,854 for the three months ended September 30, 2025, compared to $4,966 in the prior year period, and announced unaudited financial results for the period ended June 30, 2025, reflecting ongoing portfolio management amid small-cap market dynamics.

Company News

  • Pinetree Capital Announces Election of Directors

  • Pinetree Capital Announces Unaudited Financial Results for the Period Ended March 31, 2026

  • Pinetree Capital Ltd Announces Audited Financial Results for the Year Ended December 31, 2025 and Director Appointment

  • Pinetree Capital Announces Chief Investment Officer's Return from Leave of Absence

  • Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended September 30, 2025

  • Pinetree Capital Ltd Announces Unaudited Financial Results For The Period Ended June 30, 2025

  • Pinetree Capital Ltd Announces Election of Directors

  • Pinetree Capital Ltd Announces Audited Financial Results for the Year Ended December 31, 2024

  • Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended September 30, 2024 and Appoints Chief Investment Officer

  • Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended June 30, 2024

  • Pinetree Capital Announces Election of Directors

  • Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended March 31, 2024

  • Pinetree Capital Ltd Announces Audited Financial Results For The Year Ended December 31, 2023

  • Pinetree Capital Announces Unaudited Financial Results for the Period Ended September 30, 2023

  • Pinetree Capital Ltd Announces Departure of Chief Investment Officer

  • Pinetree Capital Ltd Announces Unaudited Financial Results For The Period Ended June 30, 2023