Pinterest (PINS) Financials

$35.56 +0.70 (+1.99%)

Closing price 08/22/2025 03:59 PM Eastern

Extended Trading

$35.66 +0.09 (+0.27%)

As of 08/22/2025 07:59 PM Eastern

Annual Income Statements for Pinterest

This table shows Pinterest's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-130	-63	-1,361	-128	316	-96	-36	1,862
Consolidated Net Income / (Loss)	-130	-63	-1,361	-128	316	-96	-36	1,862
Net Income / (Loss) Continuing Operations	-130	-63	-1,361	-128	316	-96	-36	1,862
Total Pre-Tax Income	-130	-63	-1,361	-127	321	-86	-16	288
Total Operating Income	-138	-75	-1,389	-143	326	-102	-126	180
Total Gross Profit	294	514	784	1,243	2,049	2,124	2,366	2,896
Total Revenue	473	756	1,143	1,693	2,578	2,803	3,055	3,646
Operating Revenue	473	756	1,143	1,693	2,578	2,803	3,055	3,646
Total Cost of Revenue	179	242	359	449	529	679	689	750
Operating Cost of Revenue	179	242	359	449	529	679	689	750
Total Operating Expenses	432	589	2,173	1,386	1,723	2,226	2,492	2,716
Selling, General & Admin Expense	62	77	354	337	301	344	512	464
Marketing Expense	163	260	612	443	641	933	911	1,012
Research & Development Expense	208	252	1,207	606	780	949	1,068	1,241
Total Other Income / (Expense), net	8.20	12	28	15	-5.22	16	109	108
Interest & Investment Income	8.31	13	30	16	3.08	30	105	127
Other Income / (Expense), net	-	-	-	-	-8.29	-15	3.80	-19
Income Tax Expense	0.31	0.41	0.53	1.30	4.53	10	19	-1,575
Basic Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.49	($0.14)	($0.05)	$2.74
Weighted Average Basic Shares Outstanding	126.56M	127.09M	420.47M	596.26M	640.03M	665.73M	674.64M	678.83M
Diluted Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.46	($0.14)	($0.05)	$2.67
Weighted Average Diluted Shares Outstanding	126.56M	127.09M	420.47M	596.26M	691.65M	665.73M	674.64M	698.38M
Weighted Average Basic & Diluted Shares Outstanding	126.56M	127.09M	420.47M	596.26M	658.14M	683.87M	678.98M	678.24M

This table shows Pinterest's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	17	-209	-35	6.73	201	-25	8.89	31	1,848	8.92	39
Consolidated Net Income / (Loss)	17	-209	-35	17	191	-28	8.64	30	1,848	-3.67	39
Net Income / (Loss) Continuing Operations	17	-209	-35	17	191	-28	8.64	30	1,848	-3.67	39
Total Pre-Tax Income	29	-218	-46	17	231	-28	8.64	30	277	-3.67	35
Total Operating Income	5.87	-244	-73	-5.00	196	-54	-21	-5.92	262	-35	-4.33
Total Gross Profit	692	432	539	592	803	559	669	711	957	656	795
Total Revenue	877	603	708	763	981	740	854	898	1,154	855	998
Operating Revenue	877	603	708	763	981	740	854	898	1,154	855	998
Total Cost of Revenue	185	171	169	171	178	181	185	187	197	199	203
Operating Cost of Revenue	185	171	169	171	178	181	185	187	197	199	203
Total Operating Expenses	686	675	613	597	607	613	690	717	696	691	800
Selling, General & Admin Expense	104	208	100	107	98	107	112	141	104	106	127
Marketing Expense	317	201	243	226	241	226	265	249	271	254	313
Research & Development Expense	265	266	269	265	268	280	313	327	321	332	360
Total Other Income / (Expense), net	23	25	27	22	35	27	30	36	15	32	39
Interest & Investment Income	17	25	25	27	29	31	35	32	29	27	28
Other Income / (Expense), net	5.68	0.32	2.18	-4.60	5.89	-4.53	-4.60	3.24	-13	4.52	11
Income Tax Expense	11	-9.88	-11	0.00	40	0.00	0.00	0.00	-1,572	0.00	-4.10
Basic Earnings per Share	$0.04	($0.31)	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.05	$2.72	$0.01	$0.06
Weighted Average Basic Shares Outstanding	665.73M	681.14M	674.28M	669.26M	674.64M	678.82M	683.17M	678.50M	678.83M	676.52M	676.85M
Diluted Earnings per Share	$0.04	($0.31)	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.04	$2.66	$0.01	$0.06
Weighted Average Diluted Shares Outstanding	665.73M	681.14M	674.28M	687.10M	674.64M	678.82M	708.26M	695.48M	698.38M	689.36M	689.84M
Weighted Average Basic & Diluted Shares Outstanding	683.87M	683.76M	670.01M	674.36M	678.98M	683.17M	686.20M	675.83M	678.24M	676.63M	679.93M

This table details how cash moves in and out of Pinterest's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-9.90	51	542	1.17	748	191	-249	-227
Net Cash From Operating Activities	-103	-60	0.66	29	753	469	613	965
Net Cash From Continuing Operating Activities	-103	-60	0.66	29	753	469	613	965
Net Income / (Loss) Continuing Operations	-130	-63	-1,361	-128	316	-96	-36	1,862
Consolidated Net Income / (Loss)	-130	-63	-1,361	-128	316	-96	-36	1,862
Depreciation Expense	16	21	28	37	28	46	22	21
Amortization Expense	-	-	-	-	5.91	-0.64	-22	-29
Non-Cash Adjustments To Reconcile Net Income	28	-1.66	1,406	374	508	539	829	801
Changes in Operating Assets and Liabilities, net	-17	-17	-72	-254	-105	-20	-180	-1,691
Net Cash From Investing Activities	-57	114	-587	-48	-26	-128	-37	-221
Net Cash From Continuing Investing Activities	-57	114	-587	-48	-26	-128	-37	-221
Purchase of Property, Plant & Equipment	-41	-22	-34	-17	-9.03	-29	-8.06	-25
Acquisitions	-	-	0.00	0.00	-37	-86	0.00	0.00
Purchase of Investments	-515	-519	-1,076	-1,216	-1,104	-1,028	-1,308	-1,510
Sale and/or Maturity of Investments	498	655	523	1,186	1,124	1,015	1,279	1,314
Net Cash From Financing Activities	150	-2.22	1,128	20	22	-149	-827	-968
Net Cash From Continuing Financing Activities	150	-2.22	1,128	20	22	-149	-827	-968
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-500	-600
Other Financing Activities, net	0.48	-1.88	-434	21	24	-149	-327	-368
Effect of Exchange Rate Changes	-	-	0.10	0.33	-1.06	-1.43	1.67	-2.57
Cash Income Taxes Paid	-	-	-	-	1.49	10	19	25

This table details how cash moves in and out of Pinterest's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-61	40	-471	-11	194	269	-256	-341	101	116	-35
Net Cash From Operating Activities	58	183	63	109	258	356	106	248	254	364	208
Net Cash From Continuing Operating Activities	58	183	63	109	258	356	106	248	254	364	208
Net Income / (Loss) Continuing Operations	17	-209	-35	6.73	201	-25	8.89	31	1,847	8.92	39
Consolidated Net Income / (Loss)	17	-209	-35	6.73	201	-25	8.89	31	1,847	8.92	39
Depreciation Expense	20	6.21	5.07	4.90	5.32	4.86	4.92	5.42	6.06	5.85	6.09
Amortization Expense	-	-4.20	-4.79	-5.83	-7.08	-6.79	-6.30	-8.03	-7.89	-5.41	-4.11
Non-Cash Adjustments To Reconcile Net Income	163	284	185	189	171	169	211	217	205	195	264
Changes in Operating Assets and Liabilities, net	-141	106	-88	-86	-112	214	-112	3.14	-1,796	159	-97
Net Cash From Investing Activities	-66	14	-33	-40	22	-3.12	-211	-39	32	12	-86
Net Cash From Continuing Investing Activities	-66	14	-33	-40	22	-3.12	-211	-39	32	12	-86
Purchase of Property, Plant & Equipment	-1.05	-1.99	-0.81	-0.98	-4.28	-12	-4.78	-3.92	-3.79	-7.29	-11
Purchase of Investments	-340	-332	-323	-411	-243	-337	-475	-385	-313	-415	-463
Sale and/or Maturity of Investments	275	348	291	372	269	346	269	350	349	435	388
Net Cash From Financing Activities	-55	-159	-501	-79	-88	-83	-151	-552	-183	-261	-158
Net Cash From Continuing Financing Activities	-55	-159	-501	-79	-88	-83	-151	-552	-183	-261	-158
Repurchase of Common Equity	-	-69	-431	-	-	0.00	-33	-467	-100	-175	-53
Other Financing Activities, net	-55	-89	-71	-79	-88	-83	-117	-85	-83	-86	-106
Effect of Exchange Rate Changes	2.12	1.14	-0.07	-0.43	1.02	-0.71	-0.78	0.82	-1.90	0.90	1.38
Cash Income Taxes Paid	-	-	-	3.22	9.95	1.59	-	3.48	6.36	8.80	5.28

This table presents Pinterest's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,153	2,393	2,609	3,537	3,863	3,594	5,343
Total Current Assets	889	2,067	2,358	3,182	3,455	3,339	3,485
Cash & Equivalents	123	650	669	1,420	1,611	1,362	1,136
Short-Term Investments	505	1,064	1,091	1,060	1,087	1,149	1,376
Accounts Receivable	222	316	564	653	682	763	893
Prepaid Expenses	40	38	34	48	75	64	78
Plant, Property, & Equipment, net	82	92	69	53	60	32	46
Total Noncurrent Assets	182	234	183	302	348	224	1,812
Goodwill	14	15	14	61	125	117	110
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	3.07	1,603
Other Noncurrent Operating Assets	168	220	169	241	224	103	100
Total Liabilities & Shareholders' Equity	1,153	2,393	2,609	3,537	3,863	3,594	5,343
Total Liabilities	282	370	367	498	581	504	592
Total Current Liabilities	108	176	205	260	381	317	398
Accounts Payable	22	34	49	18	88	79	84
Accrued Expenses	86	142	155	242	293	238	314
Total Noncurrent Liabilities	173	193	162	239	201	187	193
Other Noncurrent Operating Liabilities	173	193	162	239	201	187	193
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-595	2,024	2,242	3,039	3,282	3,091	4,751
Total Preferred & Common Equity	-595	2,024	2,242	3,039	3,282	3,091	4,751
Total Common Equity	-595	2,024	2,242	3,039	3,282	3,091	4,751
Common Stock	252	4,230	4,575	5,060	5,408	5,242	5,039
Retained Earnings	-845	-2,207	-2,335	-2,019	-2,115	-2,150	-288
Accumulated Other Comprehensive Income / (Loss)	-1.42	0.65	2.48	-2.18	-11	-1.01	-0.13

This table presents Pinterest's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	3,692	3,566	3,202	3,305	3,667	3,748	3,491	5,283	5,403
Total Current Assets	3,262	3,298	2,941	3,039	3,414	3,493	3,232	3,402	3,518
Cash & Equivalents	1,671	1,651	1,180	1,168	1,632	1,377	1,036	1,252	1,217
Short-Term Investments	994	1,078	1,116	1,162	1,144	1,359	1,407	1,363	1,442
Accounts Receivable	511	488	544	624	564	664	681	710	760
Prepaid Expenses	86	81	102	84	73	93	109	77	99
Plant, Property, & Equipment, net	66	30	28	27	38	40	39	51	53
Total Noncurrent Assets	364	238	232	238	215	215	219	1,829	1,832
Goodwill	140	123	121	119	116	114	112	110	109
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	1,625	1,631
Other Noncurrent Operating Assets	224	115	111	119	99	101	107	94	92
Total Liabilities & Shareholders' Equity	3,692	3,566	3,202	3,305	3,667	3,748	3,491	5,283	5,403
Total Liabilities	548	507	509	498	523	549	597	594	591
Total Current Liabilities	345	322	320	304	340	368	409	404	402
Accounts Payable	89	77	64	71	84	74	89	97	92
Accrued Expenses	256	245	256	233	256	294	320	308	310
Total Noncurrent Liabilities	203	185	189	194	183	182	188	190	189
Other Noncurrent Operating Liabilities	203	185	189	194	29	30	34	190	189
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,145	3,060	2,693	2,807	3,144	3,198	2,894	4,688	4,812
Total Preferred & Common Equity	3,145	3,060	2,693	2,807	3,144	3,198	2,894	4,688	4,812
Total Common Equity	3,145	3,060	2,693	2,807	3,144	3,198	2,894	4,688	4,812
Common Stock	5,293	5,390	5,060	5,166	5,322	5,366	5,024	4,966	5,049
Retained Earnings	-2,132	-2,323	-2,358	-2,351	-2,175	-2,166	-2,136	-279	-240
Accumulated Other Comprehensive Income / (Loss)	-16	-7.13	-8.71	-7.45	-2.62	-2.05	5.92	1.54	3.88

This table displays calculated financial ratios and metrics derived from Pinterest's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	59.87%	51.17%	48.12%	52.31%	8.71%	9.01%	19.35%
EBITDA Growth	0.00%	55.78%	-2,426.97%	92.25%	432.94%	-120.02%	-73.85%	225.01%
EBIT Growth	0.00%	45.83%	-1,758.74%	89.74%	323.08%	-136.55%	-4.91%	231.77%
NOPAT Growth	0.00%	45.83%	-1,758.74%	89.74%	422.38%	-122.13%	-23.61%	1,423.37%
Net Income Growth	0.00%	51.57%	-2,061.80%	90.57%	346.59%	-130.35%	62.92%	5,329.17%
EPS Growth	0.00%	51.46%	-548.00%	93.21%	309.09%	-130.43%	64.29%	5,440.00%
Operating Cash Flow Growth	0.00%	41.34%	101.09%	4,287.52%	2,511.90%	-37.68%	30.64%	57.37%
Free Cash Flow Firm Growth	0.00%	0.00%	-252.00%	73.89%	190.26%	-139.17%	12.33%	-487.64%
Invested Capital Growth	0.00%	0.00%	27.71%	55.32%	15.88%	4.44%	-0.66%	286.18%
Revenue Q/Q Growth	0.00%	0.00%	12.47%	22.04%	5.79%	1.10%	3.53%	4.98%
EBITDA Q/Q Growth	0.00%	0.00%	-6.61%	70.14%	-7.55%	-166.35%	55.81%	43.11%
EBIT Q/Q Growth	0.00%	0.00%	-6.70%	63.54%	-9.66%	-261.58%	61.00%	40.28%
NOPAT Q/Q Growth	0.00%	0.00%	-6.70%	63.54%	-7.81%	-200.54%	60.24%	1,103.16%
Net Income Q/Q Growth	0.00%	0.00%	-6.47%	65.49%	-9.48%	-257.04%	82.96%	809.73%
EPS Q/Q Growth	0.00%	0.00%	-15.30%	65.63%	-19.30%	-300.00%	83.87%	761.29%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	102.37%	146.26%	17.31%	-24.65%	48.43%	-0.44%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	17.35%	0.69%	-454.41%	61.43%	-1,398.56%
Invested Capital Q/Q Growth	0.00%	0.00%	34.57%	68.86%	42.88%	21.78%	21.77%	269.52%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	62.22%	68.04%	68.59%	73.45%	79.47%	75.79%	77.46%	79.42%
EBITDA Margin	-25.76%	-7.13%	-119.10%	-6.23%	13.63%	-2.51%	-4.00%	4.19%
Operating Margin	-29.17%	-9.88%	-121.54%	-8.42%	12.65%	-3.63%	-4.11%	4.93%
EBIT Margin	-29.17%	-9.88%	-121.54%	-8.42%	12.33%	-4.15%	-3.99%	4.40%
Profit (Net Income) Margin	-27.50%	-8.33%	-119.13%	-7.58%	12.27%	-3.43%	-1.17%	51.07%
Tax Burden Percent	100.24%	100.66%	100.04%	101.03%	98.59%	111.76%	216.61%	647.45%
Interest Burden Percent	94.05%	83.73%	97.98%	89.13%	100.97%	73.98%	13.49%	179.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	1.41%	0.00%	0.00%	-547.45%
Return on Invested Capital (ROIC)	0.00%	-43.05%	-351.37%	-25.18%	61.80%	-12.46%	-15.13%	82.63%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-39.65%	-318.12%	-23.53%	62.04%	-11.50%	-17.14%	54.85%
Return on Net Nonoperating Assets (RNNOA)	0.00%	28.58%	257.30%	19.16%	-49.82%	9.42%	14.01%	-35.14%
Return on Equity (ROE)	0.00%	-14.46%	-94.06%	-6.02%	11.98%	-3.04%	-1.12%	47.49%
Cash Return on Invested Capital (CROIC)	0.00%	-243.05%	-375.70%	-68.51%	47.09%	-16.81%	-14.47%	-35.09%
Operating Return on Assets (OROA)	0.00%	-6.48%	-78.33%	-5.70%	10.34%	-3.14%	-3.27%	3.59%
Return on Assets (ROA)	0.00%	-5.46%	-76.78%	-5.13%	10.30%	-2.60%	-0.96%	41.67%
Return on Common Equity (ROCE)	0.00%	9.87%	-46.44%	-6.02%	11.98%	-3.04%	-1.12%	47.49%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.59%	-67.27%	-5.72%	10.41%	-2.93%	-1.15%	39.19%
Net Operating Profit after Tax (NOPAT)	-97	-52	-972	-100	322	-71	-88	1,164
NOPAT Margin	-20.42%	-6.92%	-85.08%	-5.89%	12.47%	-2.54%	-2.88%	31.93%
Net Nonoperating Expense Percent (NNEP)	0.00%	-3.40%	-33.25%	-1.65%	-0.24%	-0.96%	2.01%	27.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-2.17%	-2.85%	24.50%
Cost of Revenue to Revenue	37.78%	31.96%	31.41%	26.55%	20.53%	24.21%	22.54%	20.58%
SG&A Expenses to Revenue	13.03%	10.25%	30.98%	19.90%	11.67%	12.26%	16.77%	12.72%
R&D to Revenue	43.98%	33.29%	105.63%	35.81%	30.27%	33.86%	34.97%	34.02%
Operating Expenses to Revenue	91.39%	77.93%	190.13%	81.87%	66.82%	79.41%	81.57%	74.49%
Earnings before Interest and Taxes (EBIT)	-138	-75	-1,389	-143	318	-116	-122	161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-122	-54	-1,361	-106	351	-70	-122	153
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	5.14	18.16	7.80	5.02	8.08	4.13
Price to Tangible Book Value (P/TBV)	0.00	0.00	5.18	18.27	7.96	5.22	8.40	4.22
Price to Revenue (P/Rev)	3.01	1.89	9.11	24.06	9.20	5.88	8.18	5.38
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	74.92	0.00	0.00	10.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	1.33%	0.00%	0.00%	9.50%
Enterprise Value to Invested Capital (EV/IC)	0.00	9.31	28.01	80.84	38.00	23.60	38.76	7.63
Enterprise Value to Revenue (EV/Rev)	0.00	2.99	7.61	23.02	8.23	4.91	7.35	4.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	60.42	0.00	0.00	111.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	66.77	0.00	0.00	106.39
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	66.01	0.00	0.00	14.68
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	13,229.82	1,351.92	28.19	29.35	36.65	17.71
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	86.63	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.72	-0.81	-0.81	-0.80	-0.82	-0.82	-0.64
Leverage Ratio	0.00	1.32	1.23	1.17	1.16	1.17	1.17	1.14
Compound Leverage Factor	0.00	1.11	1.20	1.05	1.18	0.87	0.16	2.04
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	168.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-68.28%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	3.26	15.11	66.78	29.75	17.82	30.66	21.28
Noncontrolling Interest Sharing Ratio	0.00%	168.28%	50.63%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	8.20	11.74	11.51	12.25	9.08	10.53	8.75
Quick Ratio	0.00	7.84	11.52	11.35	12.06	8.88	10.33	8.56
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-295	-1,040	-271	245	-96	-84	-494
Operating Cash Flow to CapEx	-249.84%	-272.01%	1.94%	165.66%	8,336.92%	1,618.83%	7,602.15%	3,920.16%
Free Cash Flow to Firm to Interest Expense	0.00	-296.81	-486.45	-427.49	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-918.87	-60.67	0.31	45.40	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1,286.65	-82.98	-15.50	17.99	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.66	0.64	0.68	0.84	0.76	0.82	0.82
Accounts Receivable Turnover	0.00	3.41	4.25	3.85	4.24	4.20	4.23	4.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	9.27	13.17	20.98	42.00	49.61	66.56	93.67
Accounts Payable Turnover	0.00	10.90	12.70	10.72	15.76	12.85	8.25	9.20
Days Sales Outstanding (DSO)	0.00	107.16	85.97	94.89	86.16	86.93	86.30	82.92
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	33.49	28.73	34.04	23.16	28.40	44.24	39.67
Cash Conversion Cycle (CCC)	0.00	73.67	57.24	60.85	63.00	58.53	42.06	43.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	243	310	482	559	583	580	2,238
Invested Capital Turnover	0.00	6.22	4.13	4.27	4.95	4.91	5.25	2.59
Increase / (Decrease) in Invested Capital	0.00	243	67	172	77	25	-3.83	1,659
Enterprise Value (EV)	0.00	2,263	8,692	38,971	21,227	13,769	22,467	17,086
Market Capitalization	1,425	1,425	10,405	40,731	23,707	16,467	24,978	19,599
Book Value per Share	$0.00	($4.68)	$3.63	$3.63	$4.66	$4.84	$4.58	$7.03
Tangible Book Value per Share	$0.00	($4.79)	$3.60	$3.61	$4.57	$4.65	$4.41	$6.87
Total Capital	0.00	871	2,024	2,242	3,039	3,282	3,091	4,751
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-628	-1,713	-1,760	-2,480	-2,698	-2,511	-2,513
Capital Expenditures (CapEx)	41	22	34	17	9.03	29	8.06	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	153	178	392	442	376	510	574
Debt-free Net Working Capital (DFNWC)	0.00	781	1,891	2,153	2,922	3,074	3,021	3,087
Net Working Capital (NWC)	0.00	781	1,891	2,153	2,922	3,074	3,021	3,087
Net Nonoperating Expense (NNE)	33	11	389	29	5.14	25	-52	-698
Net Nonoperating Obligations (NNO)	0.00	-628	-1,713	-1,760	-2,480	-2,698	-2,511	-2,513
Total Depreciation and Amortization (D&A)	16	21	28	37	33	46	-0.39	-7.75
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	20.25%	15.55%	23.18%	17.13%	13.41%	16.71%	15.73%
Debt-free Net Working Capital to Revenue	0.00%	103.31%	165.48%	127.18%	113.33%	109.69%	98.90%	84.65%
Net Working Capital to Revenue	0.00%	103.31%	165.48%	127.18%	113.33%	109.69%	98.90%	84.65%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.49	($0.14)	($0.05)	$2.74
Adjusted Weighted Average Basic Shares Outstanding	126.56M	127.09M	572.62M	628.51M	640.03M	665.73M	674.64M	678.83M
Adjusted Diluted Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.46	($0.14)	($0.05)	$2.67
Adjusted Weighted Average Diluted Shares Outstanding	126.56M	127.09M	572.62M	628.51M	691.65M	665.73M	674.64M	698.38M
Adjusted Basic & Diluted Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	126.56M	127.09M	420.47M	596.26M	658.14M	683.87M	678.98M	678.24M
Normalized Net Operating Profit after Tax (NOPAT)	-97	-52	-972	-100	322	-71	-88	126
Normalized NOPAT Margin	-20.42%	-6.92%	-85.08%	-5.89%	12.47%	-2.54%	-2.88%	3.45%
Pre Tax Income Margin	-27.44%	-8.28%	-119.08%	-7.50%	12.45%	-3.07%	-0.54%	7.89%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1,231.55	-75.10	-649.91	-224.42	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-862.09	-52.57	-454.94	-157.09	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1,599.34	-97.40	-665.72	-251.82	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-1,229.87	-74.87	-470.75	-184.49	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,404.10%	32.23%

This table displays calculated financial ratios and metrics derived from Pinterest's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.61%	4.82%	6.32%	11.49%	11.86%	22.80%	20.57%	17.71%	17.62%	15.54%	16.93%
EBITDA Growth	-83.31%	-10,348.41%	-104.44%	84.66%	543.31%	74.78%	61.26%	49.72%	22.98%	49.86%	131.42%
EBIT Growth	-93.57%	-4,902.34%	-62.40%	87.87%	1,651.07%	75.78%	63.36%	72.08%	22.81%	47.48%	125.46%
NOPAT Growth	-97.99%	-6,549.00%	-112.27%	89.71%	4,442.70%	77.67%	58.18%	-18.34%	977.92%	34.80%	77.41%
Net Income Growth	-89.99%	-3,849.61%	18.88%	126.23%	990.93%	88.10%	125.43%	74.30%	868.60%	86.76%	348.40%
EPS Growth	-84.00%	-3,000.00%	28.57%	110.00%	650.00%	87.10%	120.00%	300.00%	786.67%	125.00%	500.00%
Operating Cash Flow Growth	-72.48%	-14.03%	-47.76%	40.09%	343.09%	94.13%	69.69%	128.59%	-1.66%	2.12%	95.15%
Free Cash Flow Firm Growth	-121.08%	38.69%	120.00%	98.62%	881.11%	-190.70%	-947.57%	-7,078.62%	-46.97%	-585.79%	-547.18%
Invested Capital Growth	4.44%	-21.71%	-16.64%	-0.65%	-0.66%	58.11%	54.55%	27.26%	286.18%	297.35%	250.23%
Revenue Q/Q Growth	28.14%	-31.31%	17.50%	7.79%	28.57%	-24.59%	15.36%	5.24%	28.47%	-25.92%	16.75%
EBITDA Q/Q Growth	145.43%	-874.82%	70.67%	85.14%	2,004.61%	-129.34%	54.95%	80.71%	4,758.43%	-112.38%	128.23%
EBIT Q/Q Growth	114.59%	-2,208.14%	70.80%	86.50%	2,206.75%	-129.16%	55.83%	89.71%	9,366.89%	-112.47%	121.42%
NOPAT Q/Q Growth	107.35%	-4,882.16%	69.94%	90.25%	3,341.42%	-122.30%	43.71%	72.41%	29,624.20%	-101.42%	80.50%
Net Income Q/Q Growth	126.83%	-1,292.49%	83.25%	148.93%	1,016.14%	-112.33%	135.82%	235.30%	6,102.54%	-100.20%	1,157.44%
EPS Q/Q Growth	140.00%	-875.00%	83.87%	120.00%	2,900.00%	-113.33%	125.00%	300.00%	6,550.00%	-99.62%	500.00%
Operating Cash Flow Q/Q Growth	-24.74%	214.73%	-65.81%	73.00%	138.04%	37.89%	-70.12%	133.05%	2.41%	43.19%	-42.90%
Free Cash Flow Firm Q/Q Growth	84.46%	-272.35%	135.57%	-106.72%	8,876.17%	-1,735.53%	-3.71%	43.09%	164.83%	-1,892.01%	2.13%
Invested Capital Q/Q Growth	21.78%	-43.44%	20.50%	19.69%	21.77%	-29.51%	17.79%	-1.45%	269.52%	-7.37%	3.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	78.91%	71.63%	76.17%	77.59%	81.85%	75.53%	78.35%	79.13%	82.93%	76.69%	79.66%
EBITDA Margin	3.55%	-40.05%	-10.00%	-1.38%	20.42%	-8.23%	-3.21%	-0.59%	21.35%	-3.57%	0.86%
Operating Margin	0.67%	-40.44%	-10.34%	-0.66%	20.00%	-7.35%	-2.51%	-0.66%	22.67%	-4.15%	-0.43%
EBIT Margin	1.32%	-40.39%	-10.04%	-1.26%	20.60%	-7.97%	-3.05%	-0.30%	21.51%	-3.62%	0.66%
Profit (Net Income) Margin	1.99%	-34.61%	-4.94%	2.24%	19.45%	-3.35%	1.04%	3.32%	160.14%	-0.43%	3.88%
Tax Burden Percent	60.79%	95.48%	75.67%	100.00%	82.57%	89.65%	102.82%	100.00%	667.62%	100.00%	111.84%
Interest Burden Percent	249.26%	89.77%	64.98%	-178.18%	114.33%	46.95%	-33.20%	-1,112.28%	111.51%	11.84%	522.65%
Effective Tax Rate	39.21%	0.00%	0.00%	0.00%	17.43%	0.00%	0.00%	0.00%	-567.71%	0.00%	-11.84%
Return on Invested Capital (ROIC)	2.00%	-213.22%	-47.56%	-4.05%	86.76%	-38.59%	-16.56%	-4.23%	391.65%	-8.42%	-1.37%
ROIC Less NNEP Spread (ROIC-NNEP)	1.46%	-211.81%	-48.22%	-4.93%	85.65%	-39.08%	-17.81%	-5.78%	387.60%	-9.23%	-3.03%
Return on Net Nonoperating Assets (RNNOA)	-1.19%	185.97%	40.98%	4.14%	-70.02%	33.72%	14.75%	4.68%	-248.32%	6.17%	1.98%
Return on Equity (ROE)	0.80%	-27.25%	-6.58%	0.09%	16.74%	-4.87%	-1.82%	0.45%	143.33%	-2.25%	0.62%
Cash Return on Invested Capital (CROIC)	-16.81%	-39.30%	-42.73%	-45.68%	-14.47%	-32.34%	-23.79%	-6.10%	-35.09%	-26.86%	-22.61%
Operating Return on Assets (OROA)	1.00%	-32.09%	-8.36%	-1.06%	16.88%	-7.03%	-2.93%	-0.30%	17.55%	-3.04%	0.57%
Return on Assets (ROA)	1.51%	-27.50%	-4.11%	1.89%	15.93%	-2.96%	1.00%	3.39%	130.67%	-0.36%	3.31%
Return on Common Equity (ROCE)	0.80%	-27.25%	-6.58%	0.09%	16.74%	-4.87%	-1.82%	0.45%	143.33%	-2.25%	0.62%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-9.78%	-10.81%	-7.44%	0.00%	4.71%	6.00%	7.07%	0.00%	40.23%	0.00%
Net Operating Profit after Tax (NOPAT)	3.57	-171	-51	-5.00	162	-38	-21	-5.92	1,747	-25	-4.84
NOPAT Margin	0.41%	-28.31%	-7.24%	-0.66%	16.51%	-5.15%	-2.51%	-0.66%	151.34%	-2.90%	-0.49%
Net Nonoperating Expense Percent (NNEP)	0.54%	-1.41%	0.66%	0.88%	1.10%	0.50%	1.24%	1.55%	4.04%	0.81%	1.66%
Return On Investment Capital (ROIC_SIMPLE)	0.11%	-	-	-	5.24%	-	-	-	36.76%	-0.53%	-0.10%
Cost of Revenue to Revenue	21.09%	28.37%	23.83%	22.41%	18.15%	24.47%	21.65%	20.87%	17.07%	23.31%	20.34%
SG&A Expenses to Revenue	11.83%	34.50%	14.11%	13.96%	9.99%	14.43%	13.13%	15.71%	8.99%	12.35%	12.71%
R&D to Revenue	30.24%	44.20%	38.05%	34.68%	27.31%	37.88%	36.65%	36.36%	27.79%	38.79%	36.03%
Operating Expenses to Revenue	78.24%	112.07%	86.51%	78.25%	61.85%	82.88%	80.86%	79.79%	60.27%	80.84%	80.10%
Earnings before Interest and Taxes (EBIT)	12	-243	-71	-9.60	202	-59	-26	-2.68	248	-31	6.63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	31	-241	-71	-11	200	-61	-27	-5.29	246	-31	8.62
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.02	6.10	6.94	6.45	8.08	7.44	9.41	7.68	4.13	4.48	5.04
Price to Tangible Book Value (P/TBV)	5.22	6.35	7.27	6.74	8.40	7.72	9.76	7.98	4.22	4.59	5.16
Price to Revenue (P/Rev)	5.88	6.59	6.51	6.14	8.18	7.32	9.02	6.40	5.38	5.59	6.21
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	157.81	157.02	103.04	10.53	11.09	12.60
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.63%	0.64%	0.97%	9.50%	9.02%	7.94%
Enterprise Value to Invested Capital (EV/IC)	23.60	48.24	41.24	33.15	38.76	39.78	44.78	32.89	7.63	8.88	10.04
Enterprise Value to Revenue (EV/Rev)	4.91	5.62	5.71	5.35	7.35	6.50	8.25	5.74	4.69	4.89	5.53
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	356.58	270.98	186.55	111.78	100.49	98.54
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	331.90	255.87	174.03	106.39	97.62	97.65
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	384.13	285.07	205.90	14.68	15.30	17.63
Enterprise Value to Operating Cash Flow (EV/OCF)	29.35	36.24	42.94	38.21	36.65	26.42	33.19	20.56	17.71	18.94	20.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.05	0.05	0.05	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.05	0.05	0.05	0.00	0.00	0.00
Financial Leverage	-0.82	-0.88	-0.85	-0.84	-0.82	-0.86	-0.83	-0.81	-0.64	-0.67	-0.65
Leverage Ratio	1.17	1.16	1.18	1.18	1.17	1.17	1.18	1.19	1.14	1.14	1.14
Compound Leverage Factor	2.92	1.04	0.77	-2.09	1.34	0.55	-0.39	-13.26	1.27	0.14	5.97
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	4.68%	4.53%	5.07%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	4.68%	4.53%	5.07%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	95.32%	95.47%	94.93%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	2.65	1.49	1.45	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-45.04	-25.43	-21.42	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	2.65	1.49	1.45	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	2.86	1.57	1.60	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-48.52	-26.76	-23.65	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	2.86	1.57	1.60	0.00	0.00	0.00
Altman Z-Score	17.93	22.74	22.82	22.70	30.96	27.82	33.94	23.42	21.33	22.53	25.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	9.08	10.25	9.19	9.99	10.53	10.04	9.50	7.90	8.75	8.41	8.76
Quick Ratio	8.88	10.00	8.88	9.71	10.33	9.83	9.25	7.63	8.56	8.22	8.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-21	-79	28	-1.89	166	-230	-238	-136	88	-1,576	-1,543
Operating Cash Flow to CapEx	5,535.61%	9,218.94%	7,743.09%	11,071.94%	6,030.35%	2,940.20%	2,224.62%	6,333.68%	6,696.41%	4,989.79%	1,886.40%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.79	0.83	0.84	0.82	0.88	0.96	1.02	0.82	0.84	0.85
Accounts Receivable Turnover	4.20	5.89	5.44	5.20	4.23	6.07	5.53	5.32	4.40	5.91	5.48
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	49.61	66.61	60.80	63.52	66.56	93.30	97.53	104.59	93.67	84.15	84.30
Accounts Payable Turnover	12.85	15.66	11.60	8.69	8.25	8.69	10.36	9.12	9.20	8.52	9.49
Days Sales Outstanding (DSO)	86.93	61.97	67.06	70.21	86.30	60.13	66.06	68.56	82.92	61.81	66.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	28.40	23.31	31.48	42.00	44.24	42.02	35.22	40.01	39.67	42.83	38.46
Cash Conversion Cycle (CCC)	58.53	38.66	35.59	28.21	42.06	18.11	30.84	28.55	43.25	18.98	28.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	583	330	398	476	580	522	615	606	2,238	2,073	2,153
Invested Capital Turnover	4.91	7.53	6.57	6.18	5.25	7.50	6.60	6.42	2.59	2.90	2.82
Increase / (Decrease) in Invested Capital	25	-92	-79	-3.11	-3.83	192	217	130	1,659	1,551	1,538
Enterprise Value (EV)	13,769	15,919	16,399	15,780	22,467	20,758	27,524	19,924	17,086	18,410	21,604
Market Capitalization	16,467	18,649	18,694	18,110	24,978	23,380	30,107	22,212	19,599	21,025	24,264
Book Value per Share	$4.84	$4.47	$3.94	$4.19	$4.58	$4.63	$4.68	$4.22	$7.03	$6.91	$7.11
Tangible Book Value per Share	$4.65	$4.29	$3.76	$4.01	$4.41	$4.46	$4.51	$4.05	$6.87	$6.75	$6.95
Total Capital	3,282	3,060	2,693	2,807	3,091	3,298	3,350	3,048	4,751	4,688	4,812
Total Debt	0.00	0.00	0.00	0.00	0.00	154	152	154	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	154	152	154	0.00	0.00	0.00
Net Debt	-2,698	-2,730	-2,295	-2,331	-2,511	-2,622	-2,583	-2,288	-2,513	-2,615	-2,659
Capital Expenditures (CapEx)	1.05	1.99	0.81	0.98	4.28	12	4.78	3.92	3.79	7.29	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	376	247	326	404	510	297	390	381	574	383	457
Debt-free Net Working Capital (DFNWC)	3,074	2,976	2,621	2,735	3,021	3,074	3,125	2,823	3,087	2,998	3,117
Net Working Capital (NWC)	3,074	2,976	2,621	2,735	3,021	3,074	3,125	2,823	3,087	2,998	3,117
Net Nonoperating Expense (NNE)	-14	38	-16	-22	-29	-13	-30	-36	-102	-21	-44
Net Nonoperating Obligations (NNO)	-2,698	-2,730	-2,295	-2,331	-2,511	-2,622	-2,583	-2,288	-2,513	-2,615	-2,659
Total Depreciation and Amortization (D&A)	20	2.01	0.28	-0.93	-1.76	-1.93	-1.38	-2.61	-1.83	0.44	1.99
Debt-free, Cash-free Net Working Capital to Revenue	13.41%	8.72%	11.34%	13.70%	16.71%	9.32%	11.68%	10.96%	15.73%	10.17%	11.71%
Debt-free Net Working Capital to Revenue	109.69%	105.17%	91.26%	92.68%	98.90%	96.29%	93.62%	81.28%	84.65%	79.71%	79.80%
Net Working Capital to Revenue	109.69%	105.17%	91.26%	92.68%	98.90%	96.29%	93.62%	81.28%	84.65%	79.71%	79.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	($0.31)	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.05	$2.72	$0.01	$0.06
Adjusted Weighted Average Basic Shares Outstanding	665.73M	681.14M	674.28M	669.26M	674.64M	678.82M	683.17M	678.50M	678.83M	676.52M	676.85M
Adjusted Diluted Earnings per Share	$0.04	($0.31)	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.04	$2.66	$0.01	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	665.73M	681.14M	674.28M	687.10M	674.64M	678.82M	708.26M	695.48M	698.38M	689.36M	689.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	683.87M	683.76M	670.01M	674.36M	678.98M	683.17M	686.20M	675.83M	678.24M	676.63M	679.93M
Normalized Net Operating Profit after Tax (NOPAT)	3.57	-171	-51	-3.50	162	-38	-15	-4.14	183	-25	-3.03
Normalized NOPAT Margin	0.41%	-28.31%	-7.24%	-0.46%	16.51%	-5.15%	-1.76%	-0.46%	15.87%	-2.90%	-0.30%
Pre Tax Income Margin	3.28%	-36.25%	-6.52%	2.24%	23.55%	-3.74%	1.01%	3.32%	23.99%	-0.43%	3.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-23.21%	-171.70%	-239.31%	-1,404.10%	290.59%	17.36%	244.27%	32.23%	41.10%	41.46%

Key Financial Trends

Pinterest (NYSE: PINS) has demonstrated notable financial changes over the past four years through its quarterly reports ending Q2 2025. Here are the key observations from its cash flow, income, and balance sheet statements:

Revenue Growth: Operating revenue increased from approximately $602.6 million in Q1 2023 to nearly $998.2 million in Q2 2025, showing a solid revenue growth trajectory.
Net Income Improvement: Pinterest returned to profitability after losses in early 2023, with Q2 2025 net income at $38.8 million compared to net losses over the previous quarters in 2023.
Gross Profit Expansion: Gross profit has grown significantly, reaching $795.2 million in Q2 2025 from $431.7 million in Q1 2023, indicating improved cost management and pricing power.
Strong Cash and Equivalents Position: Cash and cash equivalents stood at approximately $1.22 billion in Q2 2025, consistent with over $1 billion in earlier years, supporting liquidity strength.
Operating Cash Flow Strengthening: Net cash from operating activities rose to about $208 million in Q2 2025, up from negative or low single-digit million figures in early 2023, highlighting operational cash flow improvements.
Ongoing Capital Expenditures: The company continues to invest in property, plant, and equipment, with quarterly capex averaging around $7-12 million, reflecting continued growth and platform development investments.
Shares Outstanding Consistency: Weighted average shares outstanding have remained stable around 675-685 million, indicating no significant dilution or share buybacks impacting EPS calculation substantially.
Operating Expenses High: Total operating expenses remain high at approximately $799.5 million in Q2 2025, nearly equal to revenue, which compresses operating income and challenges profitability.
Volatile Net Income Trends: Despite recent profitability, Pinterest had significant net losses in 2023 and Q1 2024, reflecting profitability inconsistency and business model risks.
Share Repurchases and Financing Outflows: Pinterest has sizable cash outflows from financing activities, including significant common equity repurchases and other financing activities totaling over $158 million in Q2 2025, which may affect cash reserves.

Overall, Pinterest's financials show a recovery trajectory with growing revenues and improving net income, supported by a robust cash position and positive operating cash flow trends. However, continued high operating expenses and financing outflows warrant cautious monitoring for sustained profitability.

08/23/25 03:26 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Pinterest's Financials

When does Pinterest's fiscal year end?

According to the most recent income statement we have on file, Pinterest's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Pinterest's net income changed over the last 7 years?

Pinterest's net income appears to be on an upward trend, with a most recent value of $1.86 billion in 2024, falling from -$130.04 million in 2017. The previous period was -$35.61 million in 2023. View Pinterest's forecast to see where analysts expect Pinterest to go next.

What is Pinterest's operating income?

Pinterest's total operating income in 2024 was $179.82 million, based on the following breakdown:

Total Gross Profit: $2.90 billion
Total Operating Expenses: $2.72 billion

How has Pinterest's revenue changed over the last 7 years?

Over the last 7 years, Pinterest's total revenue changed from $472.85 million in 2017 to $3.65 billion in 2024, a change of 671.1%.

How much debt does Pinterest have?

Pinterest's total liabilities were at $591.51 million at the end of 2024, a 17.4% increase from 2023, and a 109.8% increase since 2018.

How much cash does Pinterest have?

In the past 6 years, Pinterest's cash and equivalents has ranged from $122.51 million in 2018 to $1.61 billion in 2022, and is currently $1.14 billion as of their latest financial filing in 2024.

How has Pinterest's book value per share changed over the last 7 years?

Over the last 7 years, Pinterest's book value per share changed from 0.00 in 2017 to 7.03 in 2024, a change of 703.0%.

Related Companies

This page (NYSE:PINS) was last updated on 8/23/2025 by MarketBeat.com Staff

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Pinterest (PINS) Financials

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Pinterest (PINS) Financials

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