Overview
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- TickerPFAI on Nasdaq1
- IndustryAgricultural Services1
- HeadquartersVancouver, Canada1
- Incorporated inUnited States3
- Business address600 837 West Hastings Street, Vancouver, A1 V6C 2X13
- Filer categoryNon-accelerated filer, Emerging growth company3
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Cayman. According to section 2(2) of the BCBCA, a corporation is considered a subsidiary if it is controlled by another corporation.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Recognized At Point Of Time brought in 61% of the revenue Pinnacle Food Group Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Recognized At Point Of Time | $1.7M | $2.7M | $2.1M |
| Construction Services | $136.0K | $497.9K | $756.9K |
| Consulting services | $400.6K | ||
| Faa SServices | $9.2K | $55.2K | $189.4K |
Regions
Canada brought in 71% of the revenue Pinnacle Food Group Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| Canada | $2.1M | $2.4M |
| NZ | $1.2M | $1.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue62¢$2.1M
- Research and development5¢$172.0K
- Selling, general and admin18¢$613.3K
- Other costs12¢$422.3K
- Income tax3¢$98.4K
Out of $3.4M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $3.4M | $3.3M | $2.1M |
| Costs of revenues | $2.1M | $1.7M | $818.3K |
| Gross profit | $1.3M | $1.6M | $1.3M |
| Selling expenses | $613.3K | $65.1K | $2.2K |
| General and administrative | $2.4M | $820.6K | $227.0K |
| Research and development expenses | $172.0K | $55.0K | $4.4K |
| Total operating costs and expenses | $3.2M | $940.7K | $233.6K |
| Profit (loss) from operations | -$1.9M | $614.8K | $1.0M |
| Other income (expenses) | $116.4K | -$129.2K | $86.6K |
| Total other income (expenses) | $116.4K | -$129.2K | $86.6K |
| Profit (loss) before provision for income taxes | -$1.8M | $485.6K | $1.1M |
| Current income tax expense | $143.6K | $255.8K | $113.9K |
| Deferred income tax expense (recovery) | -$45.2K | -$56.3K | $103.9K |
| Net profit (loss) | -$1.9M | $286.1K | $917.7K |
| Currency translation adjustment | -$83.9K | $91.5K | -$46.0K |
| Total comprehensive income (loss) | -$2.0M | $377.7K | $871.7K |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $942.8K | $685.8K | ||
| Inventories | $25.1K | $21.2K | ||
| Accounts receivable (net of allowance for credit losses of US$245,753 and US$90,281 at December 31, 2025 and 2024, respectively) | $4.2M | $3.0M | ||
| Prepaid expenses | $33.8K | $11.4K | ||
| Loan receivable | $216.8K | |||
| Other receivables | $168.0K | $13.6K | ||
| Total current assets | $5.3M | $3.9M | ||
| Property, plant and equipment, net | $2.5M | $760.1K | ||
| Right-of-use assets operating leases | $675.9K | $162.2K | ||
| Intangible assets, net | $1.7M | $256.8K | ||
| Deposits | $83.0K | |||
| Deferred offering costs | $522.1K | |||
| Total assets | $10.3M | $5.6M | ||
| Accounts payable and accrued liabilities | $1.4M | $1.8M | ||
| Accrued payroll liabilities | $283.7K | $9.3K | ||
| Income taxes payable | $458.5K | $342.2K | ||
| Contract liabilities | $14.6K | $93.9K | $9.9K | |
| Bank loan, current portion | $22.2K | |||
| Operating lease liabilities, current portion | $173.5K | $55.7K | ||
| Other payables | $2.5K | $61.2K | ||
| Promissory note | $764 | $764 | ||
| Total current liabilities | $2.4M | $2.9M | ||
| Bank loan, non-current portion | $999.1K | |||
| Operating lease liabilities, non-current portion | $510.7K | $106.2K | ||
| Deferred tax liabilities | $43.9K | |||
| Total liabilities | $3.9M | $3.1M | ||
| Subsidiarys preferred shares subject to redemption | $2.2M | $2.1M | ||
| Additional paid-in capital | $5.2M | -$467.6K | ||
| Subscription receivable | -$428 | -$428 | ||
| Accumulated other comprehensive income | $29.4K | $113.3K | ||
| Retained earnings (deficit) | -$1.1M | $820.8K | ||
| Total stockholders equity | $4.2M | $466.6K | -$1.7M | -$2.6M |
| Total liabilities, subsidiarys preferred shares subject to redemption and stockholders equity | $10.3M | $5.6M | ||
| Accounts receivable, net of allowance for credit losses | $245.8K | $90.3K |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $942.8K | $685.8K | ||
| Inventories | $25.1K | $21.2K | ||
| Accounts receivable (net of allowance for credit losses of US$245,753 and US$90,281 at December 31, 2025 and 2024, respectively) | $4.2M | $3.0M | ||
| Prepaid expenses | $33.8K | $11.4K | ||
| Loan receivable | $216.8K | |||
| Other receivables | $168.0K | $13.6K | ||
| Total current assets | $5.3M | $3.9M | ||
| Property, plant and equipment, net | $2.5M | $760.1K | ||
| Right-of-use assets operating leases | $675.9K | $162.2K | ||
| Intangible assets, net | $1.7M | $256.8K | ||
| Deposits | $83.0K | |||
| Deferred offering costs | $522.1K | |||
| Total assets | $10.3M | $5.6M | ||
| Accounts payable and accrued liabilities | $1.4M | $1.8M | ||
| Accrued payroll liabilities | $283.7K | $9.3K | ||
| Income taxes payable | $458.5K | $342.2K | ||
| Contract liabilities | $14.6K | $93.9K | $9.9K | |
| Bank loan, current portion | $22.2K | |||
| Operating lease liabilities, current portion | $173.5K | $55.7K | ||
| Other payables | $2.5K | $61.2K | ||
| Promissory note | $764 | $764 | ||
| Total current liabilities | $2.4M | $2.9M | ||
| Bank loan, non-current portion | $999.1K | |||
| Operating lease liabilities, non-current portion | $510.7K | $106.2K | ||
| Deferred tax liabilities | $43.9K | |||
| Total liabilities | $3.9M | $3.1M | ||
| Subsidiarys preferred shares subject to redemption | $2.2M | $2.1M | ||
| Additional paid-in capital | $5.2M | -$467.6K | ||
| Subscription receivable | -$428 | -$428 | ||
| Accumulated other comprehensive income | $29.4K | $113.3K | ||
| Retained earnings (deficit) | -$1.1M | $820.8K | ||
| Total stockholders equity | $4.2M | $466.6K | -$1.7M | -$2.6M |
| Total liabilities, subsidiarys preferred shares subject to redemption and stockholders equity | $10.3M | $5.6M | ||
| Accounts receivable, net of allowance for credit losses | $245.8K | $90.3K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) profit | -$1.9M | $286.1K | $917.7K |
| Depreciation of property, plant and equipment | $164.6K | $199.7K | $124.4K |
| Amortization of intangible assets | $140.5K | $143.3K | $17.5K |
| Write-down of inventory | $40.1K | ||
| Impairment of property, plant and equipment | $117.5K | ||
| Share-based consulting services | $42.7K | ||
| Loss (gain) on termination of lease liabilities | -$8.2K | ||
| Non-cash operating lease expense | $103.3K | $63.7K | $27.2K |
| Deferred income tax | -$45.2K | -$56.3K | $103.9K |
| Provision for current expected credit loss | $150.8K | $94.8K | |
| Interest expenses | $11.4K | ||
| Accounts receivable | -$1.2M | -$1.3M | -$1.9M |
| Inventories | -$42.9K | $39.6K | -$64.0K |
| Prepaid expenses | -$509 | $751 | -$13.2K |
| Loan receivable | $216.8K | -$216.8K | |
| Other receivables | -$150.8K | -$1.5K | -$10.2K |
| Deposits | -$82.8K | ||
| Accounts payable & accrued liabilities | -$1.3M | $685.7K | $819.6K |
| Contract liabilities | -$82.4K | $89.2K | -$64.0K |
| Accrued payroll liabilities | $273.0K | $2.5K | $2.4K |
| Lease liabilities | -$85.2K | -$63.2K | -$30.2K |
| Income tax payable | $93.5K | $255.8K | $118.9K |
| Other payables | -$60.6K | $27.2K | $34.3K |
| Net cash (used in) provided from operating activities | -$3.6M | $204.3K | $62.4K |
| Purchase of intangible asset | -$1.0M | -$303.3K | |
| Purchase of property, plant and equipment | -$1.7M | -$795.2K | -$3.0K |
| Net cash used in investing activities | -$2.8M | -$1.1M | -$3.0K |
| Deferred offering costs incurred | -$228.9K | -$531.4K | |
| Proceeds from bank loan, net | $1.0M | ||
| Repayment of bank loan | -$17.3K | ||
| Net proceeds from share issuance | $6.4M | $1.8M | |
| Net proceeds (repaid to) borrowed from related parties | -$458.8K | $216.3K | $38.9K |
| Net cash provided by financing activities | $6.7M | $1.5M | $38.9K |
| Effect of exchange rate changes on cash | -$81.3K | -$26.2K | $11.6K |
| Net increase in cash | $257.0K | $564.4K | $109.8K |
| Interest paid | -$11.4K | ||
| Underwriters warrants issued | $366.3K | ||
| Reclassification of deferred offering cost to additional paid-in capital (APIC) | $760.3K | ||
| Goods Sales Tax (GST) on purchased building | $46.5K | ||
| Shares issued for service | $64.0K | ||
| Right-of-use assets acquired in exchange for operating lease liabilities | $607.4K | $253.5K | |
| Disposal of right-of-use assets | $89.7K | ||
| Purchase of property, plant and equipment | $1.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Pinnacle Food Group Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Pinnacle Food Group Ltd
- Jinyang Zhao Filed SCHEDULE 13G on Pinnacle Food Group Ltd, latest Aug 14, 2025
- Li Xia Du Filed SCHEDULE 13G on Pinnacle Food Group Ltd, latest Aug 14, 2025
- Pinnacle Food Group Ltd Vancouver, Canada
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Pinnacle Food Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $3.1M2 Dec 31, 2025 | $1.1M2 Dec 31, 2024 | +173.2% |
| Accumulated depreciation | $496.7K2 Dec 31, 2025 | $332.2K2 Dec 31, 2024 | +49.5% |
| Property and equipment, net | $2.5M2 Dec 31, 2025 | $760.1K2 Dec 31, 2024 | +225.4% |
| Operating-lease assets (leased space) | $675.9K2 Dec 31, 2025 | $162.2K2 Dec 31, 2024 | +316.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $942.8K2 Dec 31, 2025 | $685.8K2 Dec 31, 2024 | +37.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $1.7M2 Dec 31, 2025 | $256.8K2 Dec 31, 2024 | +574.6% |
| Finite-lived intangibles, gross | $2.0M2 Dec 31, 2025 | $429.4K2 Dec 31, 2024 | +374.0% |
| Accumulated amortization | $301.3K2 Dec 31, 2025 | $160.8K2 Dec 31, 2024 | +87.3% |
| Finite-lived intangibles, net | $1.7M2 Dec 31, 2025 | $256.8K2 Dec 31, 2024 | +574.6% |
Inventory
Leadership
Who has led Pinnacle Food Group Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
- Chief executive officerJiulong You Mar 26, 2026 to now6
- ChairLi Xia Du Mar 18, 2026 to now7
- Chief financial officerWencai Pan Apr 3, 2026 to now8
- Chief operating officerCuihang Yu Mar 26, 2026 to now9
Board members and other officers (5)
- Chief Data OfficerXuesong Pang Mar 26, 2026 to now10
- Board memberYunhao Chen Mar 18, 2026 to now11
- Board memberXuesong Pang Mar 26, 2026 to now10
- Board memberYinglu Qi Apr 1, 2026 to now12
- Board memberNgai Lam Cheung Aug 18, 2026 to now13
Timeline
- Mar 26, 2026New chief executive Jiulong You becomes CEO6
Filings
53 filings to the SEC since October 2021: 2 annual reports, 10 insider forms, 2 large holders, 39 other. The latest 20:
- Oct 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 18, 20266-K CURRENT REPORT EDGAR
- Aug 18, 20263 EDGAR
- Aug 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 30, 202620-F ANNUAL REPORT EDGAR
- Apr 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 6, 20263 EDGAR
- Apr 3, 20263 EDGAR
- Apr 1, 20263 EDGAR
- Mar 26, 20263 EDGAR
- Mar 26, 20263 EDGAR
- Mar 26, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Jan 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 20, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 6, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 53 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
SEC filer profile
How Pinnacle Food Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPinnacle Food Group Ltd1
- CIK0002032755
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)0700 Agricultural Services1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address600 837 West Hastings Street, Vancouver, A1 V6C 2X11
- Phone604-727-72041
- Shares outstanding4,041,580 Common Class A shares; 7,695,000 Common Class B shares as of Dec 31, 20254
- AuditorZH CPA, LLC, Denver, Colorado PCAOB ID 6413; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 23, 20241
- Filings53 in all: 6-K (14), 3 (10), CORRESP (4), UPLOAD (4), 20-F (2), DRS/A (2), DRSLTR (2), F-1/A (2)1
All 18 form types
FWP (2), SCHEDULE 13G (2), SEC STAFF LETTER (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), NT 20-F (1)
- Latest filingsAnnual report (20-F) Apr 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Shares, $0.00005 par value per share | PFAI | Nasdaq |
From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6SEC EDGARJiulong You, Chief executive officer
- 7SEC EDGARLi Xia Du, Chair
- 8SEC EDGARWencai Pan, Chief financial officer
- 9SEC EDGARCuihang Yu, Chief operating officer
- 10SEC EDGARXuesong Pang, Chief Data Officer
- 11SEC EDGARYunhao Chen, Board member
- 12SEC EDGARYinglu Qi, Board member
- 13SEC EDGARNgai Lam Cheung, Board member
- 14
- 15