Pinterest (PINS) Financials

$21.22 -1.06 (-4.77%)

Closing price 03:59 PM Eastern

Extended Trading

$21.10 -0.12 (-0.56%)

As of 07:52 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-130	-63	-1,361	-128	316	-96	-36	1,862	417
Consolidated Net Income / (Loss)	-130	-63	-1,361	-128	316	-96	-36	1,862	417
Net Income / (Loss) Continuing Operations	-130	-63	-1,361	-128	316	-96	-36	1,862	417
Total Pre-Tax Income	-130	-63	-1,361	-127	321	-86	-16	288	446
Total Operating Income	-138	-75	-1,389	-143	326	-102	-126	180	320
Total Gross Profit	294	514	784	1,243	2,049	2,124	2,366	2,896	3,380
Total Revenue	473	756	1,143	1,693	2,578	2,803	3,055	3,646	4,222
Operating Revenue	473	756	1,143	1,693	2,578	2,803	3,055	3,646	4,222
Total Cost of Revenue	179	242	359	449	529	679	689	750	842
Operating Cost of Revenue	179	242	359	449	529	679	689	750	842
Total Operating Expenses	432	589	2,173	1,386	1,723	2,226	2,492	2,716	3,060
Selling, General & Admin Expense	62	77	354	337	301	344	512	464	466
Marketing Expense	163	260	612	443	641	933	911	1,012	1,167
Research & Development Expense	208	252	1,207	606	780	949	1,068	1,241	1,427
Total Other Income / (Expense), net	8.20	12	28	15	-5.22	16	109	108	126
Interest & Investment Income	8.31	13	30	16	3.08	30	105	127	110
Other Income / (Expense), net	-	-	-	-	-8.29	-15	3.80	-19	16
Income Tax Expense	0.31	0.41	0.53	1.30	4.53	10	19	-1,575	29
Basic Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.49	($0.14)	($0.05)	$2.74	$0.62
Weighted Average Basic Shares Outstanding	126.56M	127.09M	420.47M	596.26M	640.03M	665.73M	674.64M	678.83M	674.71M
Diluted Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.46	($0.14)	($0.05)	$2.67	$0.61
Weighted Average Diluted Shares Outstanding	126.56M	127.09M	420.47M	596.26M	691.65M	665.73M	674.64M	698.38M	687.77M
Weighted Average Basic & Diluted Shares Outstanding	126.56M	127.09M	420.47M	596.26M	658.14M	683.87M	678.98M	678.24M	665.14M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-35	6.73	201	-25	8.89	31	1,848	8.92	39	92	277
Consolidated Net Income / (Loss)	-35	17	191	-28	8.64	30	1,848	-3.67	39	92	290
Net Income / (Loss) Continuing Operations	-35	17	191	-28	8.64	30	1,848	-3.67	39	92	290
Total Pre-Tax Income	-46	17	231	-28	8.64	30	277	-3.67	35	87	328
Total Operating Income	-73	-5.00	196	-54	-21	-5.92	262	-35	-4.33	59	301
Total Gross Profit	539	592	803	559	669	711	957	656	795	837	1,092
Total Revenue	708	763	981	740	854	898	1,154	855	998	1,049	1,319
Operating Revenue	708	763	981	740	854	898	1,154	855	998	1,049	1,319
Total Cost of Revenue	169	171	178	181	185	187	197	199	203	212	227
Operating Cost of Revenue	169	171	178	181	185	187	197	199	203	212	227
Total Operating Expenses	613	597	607	613	690	717	696	691	800	778	791
Selling, General & Admin Expense	100	107	98	107	112	141	104	106	127	110	123
Marketing Expense	243	226	241	226	265	249	271	254	313	297	303
Research & Development Expense	269	265	268	280	313	327	321	332	360	371	365
Total Other Income / (Expense), net	27	22	35	27	30	36	15	32	39	29	27
Interest & Investment Income	25	27	29	31	35	32	29	27	28	29	27
Other Income / (Expense), net	2.18	-4.60	5.89	-4.53	-4.60	3.24	-13	4.52	11	0.14	-0.11
Income Tax Expense	-11	0.00	40	0.00	0.00	0.00	-1,572	0.00	-4.10	-4.91	38
Basic Earnings per Share	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.05	$2.72	$0.01	$0.06	$0.14	$0.41
Weighted Average Basic Shares Outstanding	674.28M	669.26M	674.64M	678.82M	683.17M	678.50M	678.83M	676.52M	676.85M	677.82M	674.71M
Diluted Earnings per Share	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.04	$2.66	$0.01	$0.06	$0.13	$0.41
Weighted Average Diluted Shares Outstanding	674.28M	687.10M	674.64M	678.82M	708.26M	695.48M	698.38M	689.36M	689.84M	694.53M	687.77M
Weighted Average Basic & Diluted Shares Outstanding	670.01M	674.36M	678.98M	683.17M	686.20M	675.83M	678.24M	676.63M	679.93M	675.56M	665.14M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-9.90	51	542	1.17	748	191	-249	-227	-166
Net Cash From Operating Activities	-103	-60	0.66	29	753	469	613	965	1,284
Net Cash From Continuing Operating Activities	-103	-60	0.66	29	753	469	613	965	1,284
Net Income / (Loss) Continuing Operations	-130	-63	-1,361	-128	316	-96	-36	1,862	417
Consolidated Net Income / (Loss)	-130	-63	-1,361	-128	316	-96	-36	1,862	417
Depreciation Expense	16	21	28	37	28	46	22	21	25
Amortization Expense	-	-	-	-	5.91	-0.64	-22	-29	-18
Non-Cash Adjustments To Reconcile Net Income	28	-1.66	1,406	374	508	539	831	801	943
Changes in Operating Assets and Liabilities, net	-17	-17	-72	-254	-105	-20	-182	-1,691	-83
Net Cash From Investing Activities	-57	114	-587	-48	-26	-128	-37	-221	-134
Net Cash From Continuing Investing Activities	-57	114	-587	-48	-26	-128	-37	-221	-134
Purchase of Property, Plant & Equipment	-41	-22	-34	-17	-9.03	-29	-8.06	-25	-32
Purchase of Investments	-515	-519	-1,076	-1,216	-1,104	-1,028	-1,308	-1,510	-1,567
Sale and/or Maturity of Investments	498	655	523	1,186	1,124	1,015	1,279	1,314	1,465
Net Cash From Financing Activities	150	-2.22	1,128	20	22	-149	-827	-968	-1,318
Net Cash From Continuing Financing Activities	150	-2.22	1,128	20	22	-149	-827	-968	-1,318
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-500	-600	-927
Other Financing Activities, net	0.48	-1.88	-434	21	24	-149	-327	-368	-391
Effect of Exchange Rate Changes	-	-	0.10	0.33	-1.06	-1.43	1.67	-2.57	2.30
Cash Income Taxes Paid	-	-	-	-	1.49	10	19	25	22

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-471	-11	194	269	-256	-341	101	116	-35	-85	-162
Net Cash From Operating Activities	63	109	258	356	106	248	254	364	208	322	391
Net Cash From Continuing Operating Activities	63	109	258	356	106	248	254	364	208	322	391
Net Income / (Loss) Continuing Operations	-35	6.73	201	-25	8.89	31	1,847	8.92	39	92	277
Consolidated Net Income / (Loss)	-35	6.73	201	-25	8.89	31	1,847	8.92	39	92	277
Depreciation Expense	5.07	4.90	5.32	4.86	4.92	5.42	6.06	5.85	6.09	7.21	6.01
Amortization Expense	-4.79	-5.83	-7.08	-6.79	-6.30	-8.03	-7.89	-5.41	-4.11	-4.12	-4.46
Non-Cash Adjustments To Reconcile Net Income	185	189	171	169	211	217	205	195	264	236	248
Changes in Operating Assets and Liabilities, net	-88	-86	-112	214	-112	3.14	-1,796	159	-97	-9.80	-135
Net Cash From Investing Activities	-33	-40	22	-3.12	-211	-39	32	12	-86	-94	34
Net Cash From Continuing Investing Activities	-33	-40	22	-3.12	-211	-39	32	12	-86	-94	34
Purchase of Property, Plant & Equipment	-0.81	-0.98	-4.28	-12	-4.78	-3.92	-3.79	-7.29	-11	-3.23	-11
Purchase of Investments	-323	-411	-243	-337	-475	-385	-313	-415	-463	-356	-332
Sale and/or Maturity of Investments	291	372	269	346	269	350	349	435	388	265	377
Net Cash From Financing Activities	-501	-79	-88	-83	-151	-552	-183	-261	-158	-312	-587
Net Cash From Continuing Financing Activities	-501	-79	-88	-83	-151	-552	-183	-261	-158	-312	-587
Repurchase of Common Equity	-431	-	-	0.00	-33	-467	-100	-175	-53	-197	-502
Other Financing Activities, net	-71	-79	-88	-83	-117	-85	-83	-86	-106	-115	-85
Effect of Exchange Rate Changes	-0.07	-0.43	1.02	-0.71	-0.78	0.82	-1.90	0.90	1.38	0.08	-0.05
Cash Income Taxes Paid	-	3.22	9.95	1.59	-	3.48	6.36	8.80	5.28	3.02	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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,153	2,393	2,609	3,537	3,863	3,594	5,343	5,492
Total Current Assets	889	2,067	2,358	3,182	3,455	3,339	3,485	3,556
Cash & Equivalents	123	650	669	1,420	1,611	1,362	1,136	969
Short-Term Investments	505	1,064	1,091	1,060	1,087	1,149	1,376	1,498
Accounts Receivable	222	316	564	653	682	763	893	998
Prepaid Expenses	40	38	34	48	75	64	78	91
Plant, Property, & Equipment, net	82	92	69	53	60	32	46	66
Total Noncurrent Assets	182	234	183	302	348	224	1,812	1,870
Goodwill	14	15	14	61	125	117	110	106
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	3.07	1,603	1,592
Other Noncurrent Operating Assets	168	220	169	241	224	103	100	171
Total Liabilities & Shareholders' Equity	1,153	2,393	2,609	3,537	3,863	3,594	5,343	5,492
Total Liabilities	282	370	367	498	581	504	592	747
Total Current Liabilities	108	176	205	260	381	317	398	465
Accounts Payable	22	34	49	18	88	79	84	130
Accrued Expenses	86	142	155	242	293	238	314	336
Total Noncurrent Liabilities	173	193	162	239	201	187	193	281
Other Noncurrent Operating Liabilities	173	193	162	239	201	187	193	281
Commitments & Contingencies	0.00	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	4,745
Total Preferred & Common Equity	-595	2,024	2,242	3,039	3,282	3,091	4,751	4,745
Total Common Equity	-595	2,024	2,242	3,039	3,282	3,091	4,751	4,745
Common Stock	252	4,230	4,575	5,060	5,408	5,242	5,039	4,612
Retained Earnings	-845	-2,207	-2,335	-2,019	-2,115	-2,150	-288	129
Accumulated Other Comprehensive Income / (Loss)	-1.42	0.65	2.48	-2.18	-11	-1.01	-0.13	4.33

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	Q3 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	9/30/2025
Total Assets	3,692	3,566	3,202	3,305	3,667	3,748	3,491	5,283	5,403	5,515
Total Current Assets	3,262	3,298	2,941	3,039	3,414	3,493	3,232	3,402	3,518	3,565
Cash & Equivalents	1,671	1,651	1,180	1,168	1,632	1,377	1,036	1,252	1,217	1,132
Short-Term Investments	994	1,078	1,116	1,162	1,144	1,359	1,407	1,363	1,442	1,539
Accounts Receivable	511	488	544	624	564	664	681	710	760	801
Prepaid Expenses	86	81	102	84	73	93	109	77	99	94
Plant, Property, & Equipment, net	66	30	28	27	38	40	39	51	53	53
Total Noncurrent Assets	364	238	232	238	215	215	219	1,829	1,832	1,897
Goodwill	140	123	121	119	116	114	112	110	109	107
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	1,625	1,631	1,639
Other Noncurrent Operating Assets	224	115	111	119	99	101	107	94	92	151
Total Liabilities & Shareholders' Equity	3,692	3,566	3,202	3,305	3,667	3,748	3,491	5,283	5,403	5,515
Total Liabilities	548	507	509	498	523	549	597	594	591	690
Total Current Liabilities	345	322	320	304	340	368	409	404	402	426
Accounts Payable	89	77	64	71	84	74	89	97	92	91
Accrued Expenses	256	245	256	233	256	294	320	308	310	336
Total Noncurrent Liabilities	203	185	189	194	183	182	188	190	189	264
Other Noncurrent Operating Liabilities	203	185	189	194	29	30	34	190	189	264
Commitments & Contingencies	0.00	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	4,825
Total Preferred & Common Equity	3,145	3,060	2,693	2,807	3,144	3,198	2,894	4,688	4,812	4,825
Total Common Equity	3,145	3,060	2,693	2,807	3,144	3,198	2,894	4,688	4,812	4,825
Common Stock	5,293	5,390	5,060	5,166	5,322	5,366	5,024	4,966	5,049	4,970
Retained Earnings	-2,132	-2,323	-2,358	-2,351	-2,175	-2,166	-2,136	-279	-240	-148
Accumulated Other Comprehensive Income / (Loss)	-16	-7.13	-8.71	-7.45	-2.62	-2.05	5.92	1.54	3.88	3.83

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

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	59.87%	51.17%	48.12%	52.31%	8.71%	9.01%	19.35%	15.79%
EBITDA Growth	0.00%	55.78%	-2,426.97%	92.25%	432.94%	-120.02%	-73.85%	225.01%	124.05%
EBIT Growth	0.00%	45.83%	-1,758.74%	89.74%	323.08%	-136.55%	-4.91%	231.77%	108.84%
NOPAT Growth	0.00%	45.83%	-1,758.74%	89.74%	422.38%	-122.13%	-23.61%	1,423.37%	-74.31%
Net Income Growth	0.00%	51.57%	-2,061.80%	90.57%	346.59%	-130.35%	62.92%	5,329.17%	-77.61%
EPS Growth	0.00%	51.46%	-548.00%	93.21%	309.09%	-130.43%	64.29%	5,440.00%	-77.15%
Operating Cash Flow Growth	0.00%	41.34%	101.09%	4,287.52%	2,511.90%	-37.68%	30.64%	57.37%	33.14%
Free Cash Flow Firm Growth	0.00%	0.00%	-252.00%	73.89%	190.26%	-139.17%	12.33%	-487.64%	152.43%
Invested Capital Growth	0.00%	0.00%	27.71%	55.32%	15.88%	4.44%	-0.66%	286.18%	1.78%
Revenue Q/Q Growth	0.00%	0.00%	12.47%	22.04%	5.79%	1.10%	3.53%	4.98%	4.07%
EBITDA Q/Q Growth	0.00%	0.00%	-6.61%	70.14%	-7.55%	-166.35%	55.81%	43.11%	19.63%
EBIT Q/Q Growth	0.00%	0.00%	-6.70%	63.54%	-9.66%	-261.58%	61.00%	40.28%	18.69%
NOPAT Q/Q Growth	0.00%	0.00%	-6.70%	63.54%	-7.81%	-200.54%	60.24%	1,103.16%	-78.70%
Net Income Q/Q Growth	0.00%	0.00%	-6.47%	65.49%	-9.48%	-257.04%	82.96%	809.73%	-78.93%
EPS Q/Q Growth	0.00%	0.00%	-15.30%	65.63%	-19.30%	-300.00%	83.87%	761.29%	-78.67%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	102.37%	146.26%	17.31%	-24.65%	48.43%	-0.44%	11.96%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	17.35%	0.69%	-454.41%	61.43%	-1,398.56%	279.99%
Invested Capital Q/Q Growth	0.00%	0.00%	34.57%	68.86%	42.88%	21.78%	21.77%	269.52%	5.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	62.22%	68.04%	68.59%	73.45%	79.47%	75.79%	77.46%	79.42%	80.07%
EBITDA Margin	-25.76%	-7.13%	-119.10%	-6.23%	13.63%	-2.51%	-4.00%	4.19%	8.11%
Operating Margin	-29.17%	-9.88%	-121.54%	-8.42%	12.65%	-3.63%	-4.11%	4.93%	7.58%
EBIT Margin	-29.17%	-9.88%	-121.54%	-8.42%	12.33%	-4.15%	-3.99%	4.40%	7.94%
Profit (Net Income) Margin	-27.50%	-8.33%	-119.13%	-7.58%	12.27%	-3.43%	-1.17%	51.07%	9.87%
Tax Burden Percent	100.24%	100.66%	100.04%	101.03%	98.59%	111.76%	216.61%	647.45%	93.49%
Interest Burden Percent	94.05%	83.73%	97.98%	89.13%	100.97%	73.98%	13.49%	179.08%	132.94%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	1.41%	0.00%	0.00%	-547.45%	6.51%
Return on Invested Capital (ROIC)	0.00%	-43.05%	-351.37%	-25.18%	61.80%	-12.46%	-15.13%	82.63%	13.24%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-39.65%	-318.12%	-23.53%	62.04%	-11.50%	-17.14%	54.85%	8.51%
Return on Net Nonoperating Assets (RNNOA)	0.00%	28.58%	257.30%	19.16%	-49.82%	9.42%	14.01%	-35.14%	-4.46%
Return on Equity (ROE)	0.00%	-14.46%	-94.06%	-6.02%	11.98%	-3.04%	-1.12%	47.49%	8.78%
Cash Return on Invested Capital (CROIC)	0.00%	-243.05%	-375.70%	-68.51%	47.09%	-16.81%	-14.47%	-35.09%	11.48%
Operating Return on Assets (OROA)	0.00%	-6.48%	-78.33%	-5.70%	10.34%	-3.14%	-3.27%	3.59%	6.19%
Return on Assets (ROA)	0.00%	-5.46%	-76.78%	-5.13%	10.30%	-2.60%	-0.96%	41.67%	7.69%
Return on Common Equity (ROCE)	0.00%	9.87%	-46.44%	-6.02%	11.98%	-3.04%	-1.12%	47.49%	8.78%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.59%	-67.27%	-5.72%	10.41%	-2.93%	-1.15%	39.19%	0.00%
Net Operating Profit after Tax (NOPAT)	-97	-52	-972	-100	322	-71	-88	1,164	299
NOPAT Margin	-20.42%	-6.92%	-85.08%	-5.89%	12.47%	-2.54%	-2.88%	31.93%	7.08%
Net Nonoperating Expense Percent (NNEP)	0.00%	-3.40%	-33.25%	-1.65%	-0.24%	-0.96%	2.01%	27.78%	4.73%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-2.17%	-2.85%	24.50%	6.30%
Cost of Revenue to Revenue	37.78%	31.96%	31.41%	26.55%	20.53%	24.21%	22.54%	20.58%	19.93%
SG&A Expenses to Revenue	13.03%	10.25%	30.98%	19.90%	11.67%	12.26%	16.77%	12.72%	11.04%
R&D to Revenue	43.98%	33.29%	105.63%	35.81%	30.27%	33.86%	34.97%	34.02%	33.81%
Operating Expenses to Revenue	91.39%	77.93%	190.13%	81.87%	66.82%	79.41%	81.57%	74.49%	72.49%
Earnings before Interest and Taxes (EBIT)	-138	-75	-1,389	-143	318	-116	-122	161	335
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-122	-54	-1,361	-106	351	-70	-122	153	342
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	5.14	18.16	7.80	5.02	8.08	4.13	3.69
Price to Tangible Book Value (P/TBV)	0.00	0.00	5.18	18.27	7.96	5.22	8.40	4.22	3.77
Price to Revenue (P/Rev)	3.01	1.89	9.11	24.06	9.20	5.88	8.18	5.38	4.14
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	74.92	0.00	0.00	10.53	41.96
Dividend Yield	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%	1.33%	0.00%	0.00%	9.50%	2.38%
Enterprise Value to Invested Capital (EV/IC)	0.00	9.31	28.01	80.84	38.00	23.60	38.76	7.63	6.59
Enterprise Value to Revenue (EV/Rev)	0.00	2.99	7.61	23.02	8.23	4.91	7.35	4.69	3.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	60.42	0.00	0.00	111.78	43.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	66.77	0.00	0.00	106.39	44.79
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	66.01	0.00	0.00	14.68	50.24
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	11.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	86.63	0.00	0.00	0.00	57.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	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	0.00
Financial Leverage	0.00	-0.72	-0.81	-0.81	-0.80	-0.82	-0.82	-0.64	-0.52
Leverage Ratio	0.00	1.32	1.23	1.17	1.16	1.17	1.17	1.14	1.14
Compound Leverage Factor	0.00	1.11	1.20	1.05	1.18	0.87	0.16	2.04	1.52
Debt to Total Capital	0.00%	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%	0.00%
Long-Term Debt to Total Capital	0.00%	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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	168.28%	0.00%	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%	100.00%
Debt to EBITDA	0.00	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	0.00
Long-Term Debt to EBITDA	0.00	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	0.00
Net Debt to NOPAT	0.00	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	0.00
Altman Z-Score	0.00	3.26	15.11	66.78	29.75	17.82	30.66	21.28	15.73
Noncontrolling Interest Sharing Ratio	0.00%	168.28%	50.63%	0.00%	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	7.64
Quick Ratio	0.00	7.84	11.52	11.35	12.06	8.88	10.33	8.56	7.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-295	-1,040	-271	245	-96	-84	-494	259
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%	3,966.84%
Free Cash Flow to Firm to Interest Expense	0.00	-296.81	-486.45	-427.49	0.00	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.66	0.64	0.68	0.84	0.76	0.82	0.82	0.78
Accounts Receivable Turnover	0.00	3.41	4.25	3.85	4.24	4.20	4.23	4.40	4.46
Inventory Turnover	0.00	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	75.34
Accounts Payable Turnover	0.00	10.90	12.70	10.72	15.76	12.85	8.25	9.20	7.87
Days Sales Outstanding (DSO)	0.00	107.16	85.97	94.89	86.16	86.93	86.30	82.92	81.76
Days Inventory Outstanding (DIO)	0.00	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	46.37
Cash Conversion Cycle (CCC)	0.00	73.67	57.24	60.85	63.00	58.53	42.06	43.25	35.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	243	310	482	559	583	580	2,238	2,278
Invested Capital Turnover	0.00	6.22	4.13	4.27	4.95	4.91	5.25	2.59	1.87
Increase / (Decrease) in Invested Capital	0.00	243	67	172	77	25	-3.83	1,659	40
Enterprise Value (EV)	0.00	2,263	8,692	38,971	21,227	13,769	22,467	17,086	15,023
Market Capitalization	1,425	1,425	10,405	40,731	23,707	16,467	24,978	19,599	17,490
Book Value per Share	$0.00	($4.68)	$3.63	$3.63	$4.66	$4.84	$4.58	$7.03	$7.02
Tangible Book Value per Share	$0.00	($4.79)	$3.60	$3.61	$4.57	$4.65	$4.41	$6.87	$6.87
Total Capital	0.00	871	2,024	2,242	3,039	3,282	3,091	4,751	4,745
Total Debt	0.00	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	0.00
Net Debt	0.00	-628	-1,713	-1,760	-2,480	-2,698	-2,511	-2,513	-2,467
Capital Expenditures (CapEx)	41	22	34	17	9.03	29	8.06	25	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	153	178	392	442	376	510	574	623
Debt-free Net Working Capital (DFNWC)	0.00	781	1,891	2,153	2,922	3,074	3,021	3,087	3,090
Net Working Capital (NWC)	0.00	781	1,891	2,153	2,922	3,074	3,021	3,087	3,090
Net Nonoperating Expense (NNE)	33	11	389	29	5.14	25	-52	-698	-118
Net Nonoperating Obligations (NNO)	0.00	-628	-1,713	-1,760	-2,480	-2,698	-2,511	-2,513	-2,467
Total Depreciation and Amortization (D&A)	16	21	28	37	33	46	-0.39	-7.75	7.06
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%	14.76%
Debt-free Net Working Capital to Revenue	0.00%	103.31%	165.48%	127.18%	113.33%	109.69%	98.90%	84.65%	73.20%
Net Working Capital to Revenue	0.00%	103.31%	165.48%	127.18%	113.33%	109.69%	98.90%	84.65%	73.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.49	($0.14)	($0.05)	$2.74	$0.62
Adjusted Weighted Average Basic Shares Outstanding	126.56M	127.09M	572.62M	628.51M	640.03M	665.73M	674.64M	678.83M	674.71M
Adjusted Diluted Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.46	($0.14)	($0.05)	$2.67	$0.61
Adjusted Weighted Average Diluted Shares Outstanding	126.56M	127.09M	572.62M	628.51M	691.65M	665.73M	674.64M	698.38M	687.77M
Adjusted Basic & Diluted Earnings per Share	($1.03)	($0.50)	($3.24)	($0.22)	$0.00	$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	665.14M
Normalized Net Operating Profit after Tax (NOPAT)	-97	-52	-972	-100	322	-71	-88	126	299
Normalized NOPAT Margin	-20.42%	-6.92%	-85.08%	-5.89%	12.47%	-2.54%	-2.88%	3.45%	7.08%
Pre Tax Income Margin	-27.44%	-8.28%	-119.08%	-7.50%	12.45%	-3.07%	-0.54%	7.89%	10.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1,231.55	-75.10	-649.91	-224.42	0.00	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	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	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	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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,404.10%	32.23%	222.38%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.32%	11.49%	11.86%	22.80%	20.57%	17.71%	17.62%	15.54%	16.93%	16.79%	14.32%
EBITDA Growth	-104.44%	84.66%	543.31%	74.78%	61.26%	49.72%	22.98%	49.86%	131.42%	1,267.15%	22.80%
EBIT Growth	-62.40%	87.87%	1,651.07%	75.78%	63.36%	72.08%	22.81%	47.48%	125.46%	2,289.62%	21.27%
NOPAT Growth	-112.27%	89.71%	4,442.70%	77.67%	58.18%	-18.34%	977.92%	34.80%	77.41%	1,144.83%	-84.78%
Net Income Growth	18.88%	126.23%	990.93%	88.10%	125.43%	74.30%	868.60%	86.76%	348.40%	209.11%	-84.35%
EPS Growth	28.57%	110.00%	650.00%	87.10%	120.00%	300.00%	786.67%	125.00%	500.00%	225.00%	-84.59%
Operating Cash Flow Growth	-47.76%	40.09%	343.09%	94.13%	69.69%	128.59%	-1.66%	2.12%	95.15%	29.68%	54.02%
Free Cash Flow Firm Growth	120.00%	98.62%	881.11%	-190.70%	-947.57%	-7,078.62%	-46.97%	-585.79%	-547.18%	-995.37%	149.70%
Invested Capital Growth	-16.64%	-0.65%	-0.66%	58.11%	54.55%	27.26%	286.18%	297.35%	250.23%	255.56%	1.78%
Revenue Q/Q Growth	17.50%	7.79%	28.57%	-24.59%	15.36%	5.24%	28.47%	-25.92%	16.75%	5.11%	25.75%
EBITDA Q/Q Growth	70.67%	85.14%	2,004.61%	-129.34%	54.95%	80.71%	4,758.43%	-112.38%	128.23%	616.68%	390.13%
EBIT Q/Q Growth	70.80%	86.50%	2,206.75%	-129.16%	55.83%	89.71%	9,366.89%	-112.47%	121.42%	784.77%	413.24%
NOPAT Q/Q Growth	69.94%	90.25%	3,341.42%	-122.30%	43.71%	72.41%	29,624.20%	-101.42%	80.50%	1,376.40%	330.67%
Net Income Q/Q Growth	83.25%	148.93%	1,016.14%	-112.33%	135.82%	235.30%	6,102.54%	-100.20%	1,157.44%	137.67%	214.48%
EPS Q/Q Growth	83.87%	120.00%	2,900.00%	-113.33%	125.00%	300.00%	6,550.00%	-99.62%	500.00%	116.67%	215.38%
Operating Cash Flow Q/Q Growth	-65.81%	73.00%	138.04%	37.89%	-70.12%	133.05%	2.41%	43.19%	-42.90%	54.87%	21.63%
Free Cash Flow Firm Q/Q Growth	135.57%	-106.72%	8,876.17%	-1,735.53%	-3.71%	43.09%	164.83%	-1,892.01%	2.13%	3.67%	115.23%
Invested Capital Q/Q Growth	20.50%	19.69%	21.77%	-29.51%	17.79%	-1.45%	269.52%	-7.37%	3.83%	0.05%	5.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.17%	77.59%	81.85%	75.53%	78.35%	79.13%	82.93%	76.69%	79.66%	79.76%	82.80%
EBITDA Margin	-10.00%	-1.38%	20.42%	-8.23%	-3.21%	-0.59%	21.35%	-3.57%	0.86%	5.88%	22.94%
Operating Margin	-10.34%	-0.66%	20.00%	-7.35%	-2.51%	-0.66%	22.67%	-4.15%	-0.43%	5.58%	22.83%
EBIT Margin	-10.04%	-1.26%	20.60%	-7.97%	-3.05%	-0.30%	21.51%	-3.62%	0.66%	5.59%	22.82%
Profit (Net Income) Margin	-4.94%	2.24%	19.45%	-3.35%	1.04%	3.32%	160.14%	-0.43%	3.88%	8.78%	21.95%
Tax Burden Percent	75.67%	100.00%	82.57%	89.65%	102.82%	100.00%	667.62%	100.00%	111.84%	105.63%	88.39%
Interest Burden Percent	64.98%	-178.18%	114.33%	46.95%	-33.20%	-1,112.28%	111.51%	11.84%	522.65%	148.65%	108.85%
Effective Tax Rate	0.00%	0.00%	17.43%	0.00%	0.00%	0.00%	-567.71%	0.00%	-11.84%	-5.63%	11.61%
Return on Invested Capital (ROIC)	-47.56%	-4.05%	86.76%	-38.59%	-16.56%	-4.23%	391.65%	-8.42%	-1.37%	17.32%	37.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-48.22%	-4.93%	85.65%	-39.08%	-17.81%	-5.78%	387.60%	-9.23%	-3.03%	16.10%	36.78%
Return on Net Nonoperating Assets (RNNOA)	40.98%	4.14%	-70.02%	33.72%	14.75%	4.68%	-248.32%	6.17%	1.98%	-10.34%	-19.29%
Return on Equity (ROE)	-6.58%	0.09%	16.74%	-4.87%	-1.82%	0.45%	143.33%	-2.25%	0.62%	6.98%	18.43%
Cash Return on Invested Capital (CROIC)	-42.73%	-45.68%	-14.47%	-32.34%	-23.79%	-6.10%	-35.09%	-26.86%	-22.61%	-10.44%	11.48%
Operating Return on Assets (OROA)	-8.36%	-1.06%	16.88%	-7.03%	-2.93%	-0.30%	17.55%	-3.04%	0.57%	5.04%	17.78%
Return on Assets (ROA)	-4.11%	1.89%	15.93%	-2.96%	1.00%	3.39%	130.67%	-0.36%	3.31%	7.91%	17.11%
Return on Common Equity (ROCE)	-6.58%	0.09%	16.74%	-4.87%	-1.82%	0.45%	143.33%	-2.25%	0.62%	6.98%	18.43%
Return on Equity Simple (ROE_SIMPLE)	-10.81%	-7.44%	0.00%	4.71%	6.00%	7.07%	0.00%	40.23%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-51	-5.00	162	-38	-21	-5.92	1,747	-25	-4.84	62	266
NOPAT Margin	-7.24%	-0.66%	16.51%	-5.15%	-2.51%	-0.66%	151.34%	-2.90%	-0.49%	5.89%	20.18%
Net Nonoperating Expense Percent (NNEP)	0.66%	0.88%	1.10%	0.50%	1.24%	1.55%	4.04%	0.81%	1.66%	1.22%	0.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-	5.24%	-	-	-	36.76%	-0.53%	-0.10%	1.28%	5.61%
Cost of Revenue to Revenue	23.83%	22.41%	18.15%	24.47%	21.65%	20.87%	17.07%	23.31%	20.34%	20.24%	17.20%
SG&A Expenses to Revenue	14.11%	13.96%	9.99%	14.43%	13.13%	15.71%	8.99%	12.35%	12.71%	10.53%	9.35%
R&D to Revenue	38.05%	34.68%	27.31%	37.88%	36.65%	36.36%	27.79%	38.79%	36.03%	35.38%	27.66%
Operating Expenses to Revenue	86.51%	78.25%	61.85%	82.88%	80.86%	79.79%	60.27%	80.84%	80.10%	74.19%	59.97%
Earnings before Interest and Taxes (EBIT)	-71	-9.60	202	-59	-26	-2.68	248	-31	6.63	59	301
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-71	-11	200	-61	-27	-5.29	246	-31	8.62	62	303
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.94	6.45	8.08	7.44	9.41	7.68	4.13	4.48	5.04	4.53	3.69
Price to Tangible Book Value (P/TBV)	7.27	6.74	8.40	7.72	9.76	7.98	4.22	4.59	5.16	4.64	3.77
Price to Revenue (P/Rev)	6.51	6.14	8.18	7.32	9.02	6.40	5.38	5.59	6.21	5.39	4.14
Price to Earnings (P/E)	0.00	0.00	0.00	157.81	157.02	103.04	10.53	11.09	12.60	11.01	41.96
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%	0.63%	0.64%	0.97%	9.50%	9.02%	7.94%	9.09%	2.38%
Enterprise Value to Invested Capital (EV/IC)	41.24	33.15	38.76	39.78	44.78	32.89	7.63	8.88	10.04	8.92	6.59
Enterprise Value to Revenue (EV/Rev)	5.71	5.35	7.35	6.50	8.25	5.74	4.69	4.89	5.53	4.73	3.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	356.58	270.98	186.55	111.78	100.49	98.54	67.08	43.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	331.90	255.87	174.03	106.39	97.62	97.65	67.95	44.79
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	384.13	285.07	205.90	14.68	15.30	17.63	13.68	50.24
Enterprise Value to Operating Cash Flow (EV/OCF)	42.94	38.21	36.65	26.42	33.19	20.56	17.71	18.94	20.13	16.74	11.70
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	57.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.05	0.05	0.05	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.05	0.05	0.05	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.85	-0.84	-0.82	-0.86	-0.83	-0.81	-0.64	-0.67	-0.65	-0.64	-0.52
Leverage Ratio	1.18	1.18	1.17	1.17	1.18	1.19	1.14	1.14	1.14	1.17	1.14
Compound Leverage Factor	0.77	-2.09	1.34	0.55	-0.39	-13.26	1.27	0.14	5.97	1.73	1.24
Debt to Total Capital	0.00%	0.00%	0.00%	4.68%	4.53%	5.07%	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%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	4.68%	4.53%	5.07%	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%	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%	95.32%	95.47%	94.93%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	2.65	1.49	1.45	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	-45.04	-25.43	-21.42	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	2.65	1.49	1.45	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	2.86	1.57	1.60	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	-48.52	-26.76	-23.65	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	2.86	1.57	1.60	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	22.82	22.70	30.96	27.82	33.94	23.42	21.33	22.53	25.99	20.42	15.71
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	9.19	9.99	10.53	10.04	9.50	7.90	8.75	8.41	8.76	8.36	7.64
Quick Ratio	8.88	9.71	10.33	9.83	9.25	7.63	8.56	8.22	8.51	8.14	7.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	28	-1.89	166	-230	-238	-136	88	-1,576	-1,543	-1,486	226
Operating Cash Flow to CapEx	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%	9,955.18%	3,607.31%
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	0.83	0.84	0.82	0.88	0.96	1.02	0.82	0.84	0.85	0.90	0.78
Accounts Receivable Turnover	5.44	5.20	4.23	6.07	5.53	5.32	4.40	5.91	5.48	5.48	4.46
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	60.80	63.52	66.56	93.30	97.53	104.59	93.67	84.15	84.30	88.03	75.34
Accounts Payable Turnover	11.60	8.69	8.25	8.69	10.36	9.12	9.20	8.52	9.49	9.04	7.87
Days Sales Outstanding (DSO)	67.06	70.21	86.30	60.13	66.06	68.56	82.92	61.81	66.56	66.63	81.76
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)	31.48	42.00	44.24	42.02	35.22	40.01	39.67	42.83	38.46	40.36	46.37
Cash Conversion Cycle (CCC)	35.59	28.21	42.06	18.11	30.84	28.55	43.25	18.98	28.10	26.27	35.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	398	476	580	522	615	606	2,238	2,073	2,153	2,154	2,278
Invested Capital Turnover	6.57	6.18	5.25	7.50	6.60	6.42	2.59	2.90	2.82	2.94	1.87
Increase / (Decrease) in Invested Capital	-79	-3.11	-3.83	192	217	130	1,659	1,551	1,538	1,548	40
Enterprise Value (EV)	16,399	15,780	22,467	20,758	27,524	19,924	17,086	18,410	21,604	19,202	15,023
Market Capitalization	18,694	18,110	24,978	23,380	30,107	22,212	19,599	21,025	24,264	21,873	17,490
Book Value per Share	$3.94	$4.19	$4.58	$4.63	$4.68	$4.22	$7.03	$6.91	$7.11	$7.10	$7.02
Tangible Book Value per Share	$3.76	$4.01	$4.41	$4.46	$4.51	$4.05	$6.87	$6.75	$6.95	$6.94	$6.87
Total Capital	2,693	2,807	3,091	3,298	3,350	3,048	4,751	4,688	4,812	4,825	4,745
Total Debt	0.00	0.00	0.00	154	152	154	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	154	152	154	0.00	0.00	0.00	0.00	0.00
Net Debt	-2,295	-2,331	-2,511	-2,622	-2,583	-2,288	-2,513	-2,615	-2,659	-2,671	-2,467
Capital Expenditures (CapEx)	0.81	0.98	4.28	12	4.78	3.92	3.79	7.29	11	3.23	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	326	404	510	297	390	381	574	383	457	468	623
Debt-free Net Working Capital (DFNWC)	2,621	2,735	3,021	3,074	3,125	2,823	3,087	2,998	3,117	3,139	3,090
Net Working Capital (NWC)	2,621	2,735	3,021	3,074	3,125	2,823	3,087	2,998	3,117	3,139	3,090
Net Nonoperating Expense (NNE)	-16	-22	-29	-13	-30	-36	-102	-21	-44	-30	-23
Net Nonoperating Obligations (NNO)	-2,295	-2,331	-2,511	-2,622	-2,583	-2,288	-2,513	-2,615	-2,659	-2,671	-2,467
Total Depreciation and Amortization (D&A)	0.28	-0.93	-1.76	-1.93	-1.38	-2.61	-1.83	0.44	1.99	3.08	1.55
Debt-free, Cash-free Net Working Capital to Revenue	11.34%	13.70%	16.71%	9.32%	11.68%	10.96%	15.73%	10.17%	11.71%	11.53%	14.76%
Debt-free Net Working Capital to Revenue	91.26%	92.68%	98.90%	96.29%	93.62%	81.28%	84.65%	79.71%	79.80%	77.38%	73.20%
Net Working Capital to Revenue	91.26%	92.68%	98.90%	96.29%	93.62%	81.28%	84.65%	79.71%	79.80%	77.38%	73.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.05	$2.72	$0.01	$0.06	$0.14	$0.41
Adjusted Weighted Average Basic Shares Outstanding	674.28M	669.26M	674.64M	678.82M	683.17M	678.50M	678.83M	676.52M	676.85M	677.82M	674.71M
Adjusted Diluted Earnings per Share	($0.05)	$0.01	$0.30	($0.04)	$0.01	$0.04	$2.66	$0.01	$0.06	$0.13	$0.41
Adjusted Weighted Average Diluted Shares Outstanding	674.28M	687.10M	674.64M	678.82M	708.26M	695.48M	698.38M	689.36M	689.84M	694.53M	687.77M
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	670.01M	674.36M	678.98M	683.17M	686.20M	675.83M	678.24M	676.63M	679.93M	675.56M	665.14M
Normalized Net Operating Profit after Tax (NOPAT)	-51	-3.50	162	-38	-15	-4.14	183	-25	-3.03	41	266
Normalized NOPAT Margin	-7.24%	-0.46%	16.51%	-5.15%	-1.76%	-0.46%	15.87%	-2.90%	-0.30%	3.90%	20.18%
Pre Tax Income Margin	-6.52%	2.24%	23.55%	-3.74%	1.01%	3.32%	23.99%	-0.43%	3.47%	8.31%	24.84%
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	-171.70%	-239.31%	-1,404.10%	290.59%	17.36%	244.27%	32.23%	41.10%	41.46%	26.55%	222.38%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Pinterest (NYSE:PINS) using the last four years of quarterly results (through Q4 2025). The focus is on revenue, margins, cash flow, and the balance sheet to help retail investors gauge sustainability and risk.

Revenue growth and scale: Q4 2025 revenue reached 1,319,347,000 USD, up from 1,154,130,000 USD in Q4 2024 (roughly +14% YoY), showing continued top-line expansion.
Healthy gross margins: Q4 2025 gross margin around 83% (Gross Profit 1,092,430,000 / Revenue 1,319,347,000), indicating strong core profitability on product ads and related services.
Solid cash generation and free cash flow: Q4 2025 operating cash flow of 391,213,000 USD and free cash flow of about 380,368,000 USD after ~10.8M USD capex.
Liquidity headroom remains robust: Mid-2025 liquidity shows cash of about 1.132B USD plus short-term investments around 1.539B USD (approx. 2.67B total), supporting operations, investments, and buybacks.
Low leverage and strong balance sheet: As of Q3 2025, total assets ~5.516B USD with total liabilities ~690M USD and total equity ~4.825B USD, implying a solid balance sheet with little leverage.
Bottom-line uplift in the latest quarter: Q4 2025 net income attributable to common shareholders ~277.1M USD, with overall net income continuing to be positive after earlier quarters.
R&D intensity and expenses remain substantial but manageable: R&D expense in Q4 2025 is ~364.9M USD, about 28% of revenue, indicating ongoing investment in product and platform development without an obvious margin squeeze.
Seasonality and quarterly margin volatility: Q4 tends to be stronger due to holiday advertising demand, which may not always reflect the full-year run-rate in other quarters.
Financing activity includes large buybacks: Q4 2025 shows significant repurchase of common equity (-502,000,000 USD), contributing to negative financing cash flow but potentially boosting per-share metrics over time.
Near-term profitability softness in earlier 2025 quarters: Q2 2025 saw a small operating loss (-4,730,000 USD) on ~998M USD revenue, signaling quarterly margin pressure.
Early-2025 softness persisted in net results: Q1 2025 recorded a small net loss (-3,665,000 USD) with EPS around -0.01, indicating short-term profitability headwinds before the late-year rebound.

05/06/26 05:10 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Pinterest's Financials

When does Pinterest's financial year end?

According to the most recent income statement we have on file, Pinterest's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Pinterest's net income changed over the last 8 years?

Pinterest's net income appears to be on an upward trend, with a most recent value of $416.86 million in 2025, falling from -$130.04 million in 2017. The previous period was $1.86 billion in 2024. See where experts think Pinterest is headed by visiting Pinterest's forecast page.

What is Pinterest's operating income?

Pinterest's total operating income in 2025 was $319.88 million, based on the following breakdown:

Total Gross Profit: $3.38 billion
Total Operating Expenses: $3.06 billion

How has Pinterest's revenue changed over the last 8 years?

Over the last 8 years, Pinterest's total revenue changed from $472.85 million in 2017 to $4.22 billion in 2025, a change of 792.8%.

How much debt does Pinterest have?

Pinterest's total liabilities were at $746.89 million at the end of 2025, a 26.3% increase from 2024, and a 165.0% increase since 2018.

How much cash does Pinterest have?

In the past 7 years, Pinterest's cash and equivalents has ranged from $122.51 million in 2018 to $1.61 billion in 2022, and is currently $969.34 million as of their latest financial filing in 2025.

How has Pinterest's book value per share changed over the last 8 years?

Over the last 8 years, Pinterest's book value per share changed from 0.00 in 2017 to 7.02 in 2025, a change of 702.4%.

Related Companies

Financial statements for NYSE:PINS last updated on 2/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Pinterest (PINS) Financials

Financials Breakdown Chart

Key Financial Trends

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Pinterest (PINS) Financials

Annual Income Statements for Pinterest

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Quarterly Cash Flow Statements for Pinterest

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