NYSE : PINS
Pinterest, Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 19.36 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.10B
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Financial statements
Pinterest, Inc. (PINS) reported revenue of 4.68B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.68B | 4.22B | 3.65B | 3.06B | 2.80B | 2.58B |
| Cost of Revenue | 984.41M | 841.52M | 750.36M | 688.76M | 678.60M | 529.32M |
| Gross Profit | 3.70B | 3.38B | 2.90B | 2.37B | 2.12B | 2.05B |
| Selling, General & Admin | 1.81B | 1.63B | 1.44B | 1.42B | 1.28B | 942.26M |
| Research & Development | 1.62B | 1.43B | 1.24B | 1.07B | 948.98M | 780.26M |
| Operating Expenses | 3.43B | 3.06B | 2.68B | 2.49B | 2.23B | 1.72B |
| Operating Income | 261.56M | 319.88M | 214.47M | -125.68M | -101.68M | 326.19M |
| Interest & Investment Income | 57.78M | 110.49M | 127.00M | 105.44M | 30.23M | 3.08M |
| Other Non Operating Income (Expenses) | -3.63M | 15.51M | -19.21M | 3.80M | -14.50M | -8.29M |
| EBT Excluding Unusual Items | 315.71M | 445.89M | 322.25M | -16.44M | -85.94M | 320.97M |
| Legal Settlements | -34.65M | |||||
| Pretax Income | 250.18M | 445.89M | 287.61M | -16.44M | -85.94M | 320.97M |
| Income Tax Expense | 71.85M | 29.04M | -1.57B | 19.17M | 10.10M | 4.53M |
| Net Income | 178.33M | 416.86M | 1.86B | -35.61M | -96.05M | 316.44M |
| Net Income to Common | 178.33M | 416.86M | 1.86B | -35.61M | -96.05M | 316.44M |
| Shares Outstanding (Basic) | 608.44M | 674.71M | 678.83M | 674.64M | 665.73M | 640.03M |
| Shares Outstanding (Diluted) | 610.87M | 687.77M | 698.38M | 674.64M | 665.73M | 691.65M |
| EPS (Basic) | 0.29 | 0.62 | 2.74 | -0.05 | -0.14 | 0.49 |
| EPS (Diluted) | 0.29 | 0.61 | 2.67 | -0.05 | -0.14 | 0.46 |
| Free Cash Flow | 1.26B | 1.25B | 939.99M | 604.90M | 440.22M | 743.88M |
| Free Cash Flow Per Share | 2.07 | 1.82 | 1.35 | 0.90 | 0.66 | 1.08 |
| Gross Margin | 78.97% | 80.07% | 79.42% | 77.45% | 75.79% | 79.47% |
| Operating Margin | 5.59% | 7.58% | 5.88% | -4.11% | -3.63% | 12.65% |
| Profit Margin | 3.81% | 9.87% | 51.07% | -1.17% | -3.43% | 12.27% |
| Free Cash Flow Margin | 26.97% | 29.65% | 25.78% | 19.80% | 15.71% | 28.85% |
| EBITDA | 296.13M | 345.03M | 235.73M | -104.17M | -55.19M | 353.69M |
| EBITDA Margin | 6.33% | 8.17% | 6.46% | -3.41% | -1.97% | 13.72% |
| D&A For EBITDA | 34.57M | 25.15M | 21.27M | 21.51M | 46.49M | 27.50M |
| EBIT | 261.56M | 319.88M | 214.47M | -125.68M | -101.68M | 326.19M |
| EBIT Margin | 5.59% | 7.58% | 5.88% | -4.11% | -3.63% | 12.65% |
| Effective Tax Rate | 28.72% | 6.51% | 1.41% | |||
| Advertising Expenses | 168.80M | 161.50M | 145.60M | 139.70M | 94.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 654.34M | 969.34M | 1.14B | 1.36B | 1.61B | 1.42B |
| Short-Term Investments | 815.68M | 1.50B | 1.38B | 1.15B | 1.09B | 1.06B |
| Cash & Short-Term Investments | 1.47B | 2.47B | 2.51B | 2.51B | 2.70B | 2.48B |
| Receivables | 916.76M | 997.85M | 893.40M | 763.16M | 681.53M | 653.36M |
| Prepaid Expenses | 145.36M | 90.73M | 78.44M | 61.77M | 73.85M | 46.95M |
| Restricted Cash | 2.54M | 1.07M | 1.14M | |||
| Total Current Assets | 2.53B | 3.56B | 3.48B | 3.34B | 3.45B | 3.18B |
| Property, Plant & Equipment | 239.49M | 216.85M | 131.49M | 124.34M | 265.83M | 281.31M |
| Goodwill | 475.29M | 100.23M | 100.23M | 100.23M | 100.23M | 40.21M |
| Other Intangible Assets | 80.53M | 6.08M | 9.88M | 17.23M | 24.59M | 20.91M |
| Long-Term Deferred Tax Assets | 1.60B | 1.59B | 1.60B | 3.07M | ||
| Other Long-Term Assets | 13.93M | 21.08M | 13.82M | 10.97M | 17.40M | 13.25M |
| Total Assets | 4.95B | 5.49B | 5.34B | 3.59B | 3.86B | 3.54B |
| Accounts Payable | 153.79M | 129.81M | 84.03M | 79.06M | 87.92M | 17.68M |
| Accrued Expenses | 328.58M | 246.76M | 256.30M | 187.08M | 242.34M | 200.44M |
| Current Portion of Leases | 41.44M | 34.42M | 35.67M | 50.27M | 41.69M | |
| Current Unearned Revenue | 109.10M | 47.47M | 23.39M | 15.28M | ||
| Total Current Liabilities | 591.47M | 465.47M | 398.13M | 317.09M | 380.53M | 259.81M |
| Long-Term Leases | 214.24M | 220.58M | 151.36M | 160.62M | 178.69M | 209.18M |
| Other Long-Term Liabilities | 58.74M | 60.84M | 42.01M | 26.02M | 21.85M | 29.51M |
| Total Liabilities | 1.85B | 746.89M | 591.51M | 503.73M | 581.08M | 498.50M |
| Common Stock | 6.00K | 7.00K | 7.00K | 7.00K | 7.00K | 7.00K |
| Additional Paid-In Capital | 3.08B | 4.61B | 5.04B | 5.24B | 5.41B | 5.06B |
| Retained Earnings | 29.95M | 128.69M | -288.16M | -2.15B | -2.11B | -2.02B |
| Comprehensive Income & Other | -3.28M | 4.33M | -130.00K | -1.01M | -11.42M | -2.18M |
| Total Common Equity | 3.10B | 4.75B | 4.75B | 3.09B | 3.28B | 3.04B |
| Shareholders' Equity | 3.10B | 4.75B | 4.75B | 3.09B | 3.28B | 3.04B |
| Total Liabilities & Equity | 4.95B | 5.49B | 5.34B | 3.59B | 3.86B | 3.54B |
| Total Debt | 1.20B | 262.02M | 185.79M | 196.28M | 228.97M | 250.87M |
| Net Cash (Debt) | 273.69M | 2.21B | 2.33B | 2.31B | 2.47B | 2.23B |
| Net Cash Per Share | 0.45 | 3.21 | 3.33 | 3.43 | 3.71 | 3.22 |
| Filing Date Shares Outstanding | 573.51M | 665.14M | 678.24M | 678.98M | 683.87M | 658.14M |
| Total Common Shares Outstanding | 572.64M | 664.55M | 675.93M | 678.02M | 683.20M | 656.87M |
| Working Capital | 1.94B | 3.09B | 3.09B | 3.02B | 3.07B | 2.92B |
| Book Value Per Share | 5.42 | 7.14 | 7.03 | 4.56 | 4.80 | 4.63 |
| Tangible Book Value | 2.55B | 4.64B | 4.64B | 2.97B | 3.16B | 2.98B |
| Tangible Book Value Per Share | 4.45 | 6.98 | 6.87 | 4.39 | 4.62 | 4.53 |
| Machinery | 56.84M | 54.04M | 47.68M | 63.73M | 57.98M | |
| Construction In Progress | 19.81M | 3.20M | 10.34M | 7.58M | 2.37M | |
| Leasehold Improvements | 95.31M | 78.14M | 64.33M | 104.56M | 101.21M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 178.33M | 416.86M | 1.86B | -35.61M | -96.05M | 316.44M |
| Depreciation & Amortization | 34.57M | 25.15M | 21.27M | 21.51M | 46.49M | 27.50M |
| Asset Writedown & Restructuring Costs | 117.31M | |||||
| Loss (Gain) From Sale of Investments | -12.42M | -18.09M | -29.02M | -21.90M | -638.00K | 5.91M |
| Stock-Based Compensation | 1.08B | 880.46M | 765.79M | 647.86M | 497.12M | 415.38M |
| Other Operating Activities | 71.69M | 31.81M | -1.60B | 8.40M | -17.20M | 49.00M |
| Change in Accounts Receivable | -88.85M | -104.40M | -128.95M | -80.78M | -28.86M | -88.86M |
| Change in Accounts Payable | 37.41M | 42.90M | 3.83M | -9.26M | 70.78M | -33.45M |
| Change in Other Net Operating Assets | 28.80M | 9.57M | 67.68M | -34.57M | -2.45M | 60.99M |
| Operating Cash Flow | 1.33B | 1.28B | 964.59M | 612.96M | 469.20M | 752.91M |
| Capital Expenditures | -65.60M | -32.38M | -24.61M | -8.06M | -28.98M | -9.03M |
| Cash Acquisitions | -449.20M | -86.06M | -36.91M | |||
| Investment in Securities | 724.54M | -102.11M | -196.41M | -28.93M | -13.20M | 20.09M |
| Investing Cash Flow | 209.74M | -134.48M | -221.02M | -36.99M | -128.25M | -25.86M |
| Issuance of Common Stock | 8.05M | 22.13M | 8.26M | 12.88M | 23.91M | |
| Repurchase of Common Stock | -2.89B | -1.33B | -990.45M | -835.02M | -161.81M | |
| Other Financing Activities | -101.45M | -1.75M | ||||
| Financing Cash Flow | -2.01B | -1.32B | -968.32M | -826.76M | -148.93M | 22.16M |
| Foreign Exchange Rate Adjustments | -56.00K | 2.30M | -2.57M | 1.67M | -1.43M | -1.06M |
| Net Cash Flow | -476.85M | -165.86M | -227.31M | -249.13M | 190.60M | 748.15M |
| Free Cash Flow | 1.26B | 1.25B | 939.99M | 604.90M | 440.22M | 743.88M |
| Free Cash Flow Margin | 26.97% | 29.65% | 25.78% | 19.80% | 15.71% | 28.85% |
| Free Cash Flow Per Share | 2.07 | 1.82 | 1.35 | 0.90 | 0.66 | 1.08 |
| Levered Free Cash Flow | 1.21B | 1.02B | 834.42M | 462.90M | 508.22M | 590.42M |
| Unlevered Free Cash Flow | 1.21B | 1.02B | 834.42M | 462.90M | 508.22M | 590.42M |
| Cash Income Tax Paid | 20.23M | 22.38M | 25.02M | 19.17M | 10.01M | 1.49M |
| Change in Working Capital | -22.64M | -51.92M | -57.44M | -124.61M | 39.47M | -61.32M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.54B | 17.49B | 19.60B | 24.98B | 16.47B | 23.71B |
| Enterprise Value | 11.27B | 15.02B | 17.31B | 22.82B | 13.99B | 21.59B |
| Last Close Price | 19.36 | 25.89 | 29.00 | 37.04 | 24.28 | 36.35 |
| PE Ratio | 68.68 | 41.96 | 10.53 | 74.92 | ||
| Forward PE | 9.09 | 14.18 | 17.14 | 29.98 | 37.86 | 30.15 |
| PS Ratio | 2.37 | 4.14 | 5.38 | 8.18 | 5.88 | 9.20 |
| PB Ratio | 3.57 | 3.69 | 4.12 | 8.08 | 5.02 | 7.80 |
| P/TBV Ratio | 4.36 | 3.77 | 4.22 | 8.40 | 5.22 | 7.96 |
| P/FCF Ratio | 8.80 | 13.97 | 20.85 | 41.29 | 37.41 | 31.87 |
| P/OCF Ratio | 8.36 | 13.62 | 20.32 | 40.75 | 35.10 | 31.49 |
| PEG Ratio | 0.35 | 0.80 | 0.37 | 2.25 | 1.29 | 30.15 |
| EV/Sales Ratio | 2.31 | 3.56 | 4.75 | 7.47 | 4.99 | 8.37 |
| EV/EBITDA Ratio | 36.57 | 43.54 | 73.43 | 61.04 | ||
| EV/EBIT Ratio | 41.40 | 46.97 | 80.72 | 66.19 | ||
| EV/FCF Ratio | 8.58 | 12.00 | 18.42 | 37.72 | 31.77 | 29.02 |
| Debt / Equity Ratio | 0.39 | 0.06 | 0.04 | 0.06 | 0.07 | 0.08 |
| Debt / EBITDA Ratio | 3.52 | 0.67 | 0.67 | 16.78 | 0.61 | |
| Debt / FCF Ratio | 0.95 | 0.21 | 0.20 | 0.32 | 0.52 | 0.34 |
| Net Debt / Equity Ratio | -0.09 | -0.47 | -0.49 | -0.75 | -0.75 | -0.73 |
| Net Debt / EBITDA Ratio | -0.92 | -6.39 | -9.87 | 22.22 | 44.74 | -6.30 |
| Net Debt / FCF Ratio | -0.22 | -1.76 | -2.48 | -3.83 | -5.61 | -3.00 |
| Asset Turnover | 0.89 | 0.78 | 0.82 | 0.82 | 0.76 | 0.84 |
| Quick Ratio | 4.04 | 7.44 | 8.56 | 10.33 | 8.88 | 12.06 |
| Current Ratio | 4.28 | 7.64 | 8.75 | 10.53 | 9.08 | 12.25 |
| Return on Equity (ROE) | 4.50% | 8.78% | 47.49% | -1.12% | -3.04% | 11.98% |
| Return on Assets (ROA) | 3.12% | 3.69% | 3.00% | -2.11% | -1.72% | 6.63% |
| Return on Invested Capital (ROIC) | 6.60% | 12.05% | 13.40% | -15.83% | -12.54% | 43.62% |
| Return on Capital Employed (ROCE) | 6.00% | 6.40% | 4.30% | -3.80% | -2.90% | 10.00% |
| Earnings Yield | 1.46% | 2.38% | 9.50% | -0.14% | -0.58% | 1.33% |
| FCF Yield | 11.37% | 7.16% | 4.80% | 2.42% | 2.67% | 3.14% |
| Buyback Yield / Dilution | 11.53% | 1.52% | -3.52% | -1.34% | 3.75% | -16.00% |