Pivotree Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	11.77	3.88	7.29	17.35	24.57	53.94
Short-Term Investments	-	-	1.35	-	-	-
Cash & Short-Term Investments	11.77	3.88	8.64	17.35	24.57	53.94
Cash Growth	121.74%	-55.11%	-50.20%	-29.40%	-54.45%	1707.32%
Accounts Receivable	8.61	11.8	10.4	16.92	14.65	6.67
Other Receivables	1.78	1.43	1.2	0.99	1.54	1.1
Receivables	10.4	13.24	11.6	17.91	16.18	7.78
Prepaid Expenses	0.1	0.27	0.39	0.81	0.53	0.42
Restricted Cash	-	-	1.33	-	-	-
Other Current Assets	1.19	1.08	1.84	1.74	2.06	1.27
Total Current Assets	23.46	18.47	23.79	37.8	43.34	63.41
Property, Plant & Equipment	1.19	1.88	4.28	4.68	5.07	5.04
Goodwill	30.13	30.93	28.99	29.49	27.79	10.05
Other Intangible Assets	1.92	3.84	6.97	11.68	17.97	10.14
Long-Term Deferred Tax Assets	-	-	0.06	0.11	-	-
Total Assets	56.69	55.12	64.09	83.75	94.18	88.65
Accounts Payable	1.7	2.03	1.67	4.69	2.25	4.21
Accrued Expenses	2.95	2.43	2.25	6.79	6.81	3.01
Current Portion of Leases	0.34	0.35	0.74	0.91	1.41	1.4
Current Income Taxes Payable	0.07	0.24	0.06	-	0.93	0.45
Current Unearned Revenue	0.58	1.8	1.67	3.55	2.72	1.07
Other Current Liabilities	0.02	0.16	-	1.56	7.99	-
Total Current Liabilities	5.66	7.02	6.39	17.5	22.12	10.14
Long-Term Leases	-	0.1	0.21	0.78	0.89	1.47
Long-Term Deferred Tax Liabilities	-	-	-	-	1.67	0.31
Other Long-Term Liabilities	-	-	-	-	1.63	-
Total Liabilities	5.66	7.12	6.6	18.28	26.3	11.92
Common Stock	92.8	92.83	92.96	94.26	90.39	88.37
Additional Paid-In Capital	5.88	5.36	4.59	3.14	2.91	2.46
Retained Earnings	-50.24	-53.95	-42.07	-34.84	-25.75	-14.16
Comprehensive Income & Other	2.59	3.75	2.01	2.91	0.33	0.05
Total Common Equity	51.03	47.99	57.49	65.47	67.88	76.73
Shareholders' Equity	51.03	47.99	57.49	65.47	67.88	76.73
Total Liabilities & Equity	56.69	55.12	64.09	83.75	94.18	88.65
Total Debt	0.34	0.45	0.95	1.68	2.3	2.87
Net Cash (Debt)	11.43	3.42	7.69	15.67	22.27	51.08
Net Cash Growth	140.97%	-55.47%	-50.93%	-29.65%	-56.40%	-
Net Cash Per Share	0.43	0.13	0.29	0.60	0.89	5.05
Filing Date Shares Outstanding	26.4	26.41	26.44	26.62	25.33	24.71
Total Common Shares Outstanding	26.4	26.41	26.44	26.62	25.28	24.71
Working Capital	17.8	11.45	17.4	20.3	21.22	53.28
Book Value Per Share	1.93	1.82	2.17	2.46	2.69	3.11
Tangible Book Value	18.99	13.22	21.53	24.31	22.11	56.53
Tangible Book Value Per Share	0.72	0.50	0.81	0.91	0.87	2.29
Machinery	14.06	14.01	25.69	23.79	23.89	23.11
Leasehold Improvements	-	-	0.43	1.23	0.43	0.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.