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Fintech that powers online consumer lending for near-prime borrowers in the US, Canada and UK through bank-partner platforms.
Fintech that powers online consumer lending for near-prime borrowers in the US, Canada and UK through bank-partner platforms.
Earns from the interest and fees on small short-term consumer loans that it markets, scores and services, while partner banks are the legal lenders in the US. It typically holds a share of the loans, so profit depends on keeping losses below the high rates charged. US brands carry the business, with Canada and the UK newer.
In one line: A smaller, non-prime online lender like Enova International..
Moat: narrow (data, process know-how). Proprietary underwriting/AI models built on large borrower datasets improve approval and loss-rate accuracy.
Headquarters: Toronto, Canada · Founded: 2011 · Employees: 668
Size Propel (PRL.TO) is a Canada Information Technology company (Packaged Software) with a market value of $830M, the 271st largest of 420 Canada companies the cockpit tracks. Shares closed at C$29.50 on 6 Nov 2026.
Performance Over six months the shares gained 27.9%, against -14.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 23.9% over the last twelve months (peer median +10.4%); the operating margin is 16.7% (peer median 3.2%).
Valuation It trades at 7.6× forward earnings against a peer median of 29.3× (cheapest of 15).
Capital Return on invested capital runs 5.8 points above its cost of capital (8.5% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$976M | C$824M | C$616M | C$427M | C$295M |
| Revenue growth | — | +34% | +44% | +45% | — |
| Gross profit | C$461M | C$397M | C$304M | C$203M | C$135M |
| EBITDA | C$177M | C$172M | C$138M | C$88.3M | C$44.0M |
| Net income | C$84.8M | C$83.2M | C$63.5M | C$37.5M | C$19.7M |
| Free cash flow | -C$12.5M | -C$25.2M | -C$57.6M | -C$27.5M | -C$103M |
| Capital expenditure | C$18.7M | C$14.2M | C$8.61M | C$7.34M | C$6.87M |
| Total debt | C$520M | C$465M | C$394M | C$266M | C$205M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Propel PRL.TO | $830M | +28% | +24% | 17% | 7.6× | n/a |
| Enova International ENVA | $4.22B | -1% | +20% | 24% | 8.6× | n/a |
| OppFi OPFI | $526M | -34% | +6% | 33% | 4.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PRL.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.4% | -0.1% | 4th highest of 21 |
| 6-month return | +27.9% | -14.6% | 5th highest of 21 |
| Distance from 52-week high | -5.0% | -38.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +23.9% | +10.4% | 6th highest of 21 |
| Operating margin | 16.7% | 3.2% | 5th highest of 21 |
| Forward P/E | 7.6× | 29.3× | cheapest of 15 |
| ROIC minus cost of capital | +5.8 pp | -7.9 pp | 5th highest of 21 |
| EV / EBITDA | 8.9× | 7.4× | 4th cheapest of 7 |
| Net debt / EBITDA | 2.3× | -0.6× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Propel PRL.TO | Canada | $830M | +28% | +24% | 17% | 7.6× | n/a | n/a |
| PSI Software PSAN.DE | Germany | $822M | -1% | +2% | -5% | n/a | n/a | n/a |
| Wutong 300292.SZ | China | $821M | -20% | -4% | 4% | n/a | 14.2% | +2.9% |
| Fujian Fuxin Software Development Joint Stock 688095.SS | China | $817M | -22% | +27% | 8% | 41.3× | 19.2% | +17.9% |
| Vobile 3738.HK | Hong Kong | $844M | -17% | +20% | 13% | 18.8× | n/a | n/a |
| Lunit 328130.KS | South Korea | $846M | -25% | +24% | -76% | n/a | n/a | n/a |
| Fujian Apex Software 603383.SS | China | $848M | -15% | -8% | 25% | 27.8× | 16.4% | +10.7% |
| PAR Technology PAR | United States | $850M | +43% | +19% | -10% | 17.7× | n/a | n/a |
| Beijing eGOVA 300075.SZ | China | $851M | -29% | -5% | -102% | 25.4× | n/a | n/a |
| Youon Technology 603776.SS | China | $852M | +3% | +34% | -28% | n/a | 16.7% | -14.0% |
| Viant Technology DSP | United States | $854M | +7% | +22% | 36% | 50.8× | -4.6% | +15.8% |
| Beijing Global Safety Technology 300523.SZ | China | $855M | -14% | +29% | -11% | 34.9× | n/a | n/a |
| Pinming Technology 688109.SS | China | $801M | -29% | -13% | -6% | 53.0× | 44.7% | +2.9% |
| Fujian Boss Software 300525.SZ | China | $861M | -24% | -5% | 8% | 26.4× | 5.4% | +12.1% |
| Cybozu 4776.T | Japan | $862M | +43% | +20% | 27% | 16.8× | -2.8% | +19.0% |
| Anhui ZhongDianXinLong Science and Technology 002298.SZ | China | $799M | -21% | -29% | -17% | n/a | n/a | n/a |
| Gungho Online Entertainment 3765.T | Japan | $798M | -3% | -6% | 7% | 31.5× | n/a | n/a |
| Bumble BMBL | United States | $798M | +65% | -13% | 28% | 8.0× | -10.5% | +10.7% |
| Shenzhen Farben Information Technology 300925.SZ | China | $867M | -27% | +22% | 1% | 45.7× | n/a | n/a |
| Yonyou Auto Information Technology (Shanghai) 688479.SS | China | $793M | -9% | +1% | 2% | n/a | n/a | n/a |
| Appier 4180.T | Japan | $869M | +50% | +28% | 7% | 30.7× | 19.5% | +37.3% |