PINS · Pinterest, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.22B | $3.65B | $3.06B | $2.80B | $2.58B | $1.69B |
| Cost of Revenue | $841.52M | $750.36M | $688.76M | $678.60M | $529.32M | $449.36M |
| Gross Profit | $3.38B | $2.90B | $2.37B | $2.12B | $2.05B | $1.24B |
| R&D | $1.43B | $1.24B | $1.07B | $948.98M | $780.26M | $606.19M |
| SG&A | $466.21M | $463.66M | $512.41M | $343.54M | $300.98M | $336.80M |
| Total Operating Expenses | $3.90B | $3.47B | $3.18B | $2.90B | $2.25B | $1.84B |
| D&A | $25.15M | $21.27M | $21.51M | $46.49M | $27.50M | $36.99M |
| Operating Income | $319.88M | $179.82M | ($125.68M) | ($101.68M) | $326.19M | ($142.50M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $29.04M | ($1.57B) | $19.17M | $10.10M | $4.53M | $1.30M |
| Net Income | $416.86M | $1.86B | ($35.61M) | ($96.05M) | $316.44M | ($128.32M) |
| EPS - Basic | $0.62 | $2.74 | ($0.05) | ($0.14) | ($0.22) | - |
| EPS - Diluted | $0.61 | $2.67 | ($0.05) | ($0.14) | ($0.22) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $969.34M | $1.14B | $1.36B | $1.61B | $1.42B | $669.23M |
| Accounts Receivable | $997.85M | $893.40M | $763.16M | $681.53M | $653.36M | $563.73M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $129.81M | $84.03M | $79.06M | $87.92M | $17.68M | $49.49M |
| Current Assets | $3.56B | $3.48B | $3.34B | $3.45B | $3.18B | $2.36B |
| Total Assets | $5.49B | $5.34B | $3.59B | $3.86B | $3.54B | $2.61B |
| Current Liabilities | $465.47M | $398.13M | $317.09M | $380.53M | $259.81M | $204.83M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $746.89M | $591.51M | $503.73M | $581.08M | $498.50M | $367.09M |
| Stockholders' Equity | $4.75B | $4.75B | $3.09B | $3.28B | $3.04B | $2.24B |
| Retained Earnings | $128.69M | ($288.16M) | ($2.15B) | ($2.11B) | ($2.02B) | ($2.34B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.28B | $964.59M | $612.96M | $469.20M | $752.91M | $28.83M |
| Investing Cash Flow | ($134.48M) | ($221.02M) | ($36.99M) | ($128.25M) | ($25.86M) | ($47.62M) |
| Financing Cash Flow | ($1.32B) | ($968.32M) | ($826.76M) | ($148.93M) | $22.16M | $19.64M |
| CapEx | $32.38M | $24.61M | $8.06M | $28.98M | $9.03M | $17.40M |
| Free Cash Flow | $1.25B | $939.99M | $604.90M | $440.22M | $743.88M | $11.43M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 80.1% | 79.4% | 77.5% | 75.8% | 79.5% | 73.5% |
| Operating margin | 7.6% | 4.9% | -4.1% | -3.6% | 12.7% | -8.4% |
| EBITDA margin | 8.2% | 5.5% | -3.4% | -2.0% | 13.7% | -6.2% |
| Net margin | 9.9% | 51.1% | -1.2% | -3.4% | 12.3% | -7.6% |
| Free cash flow margin | 29.7% | 25.8% | 19.8% | 15.7% | 28.9% | 0.7% |
| FCF / Net income | 3.00 | 0.50 | -16.99 | -4.58 | 2.35 | -0.09 |
| R&D / Revenue | 33.8% | 34.0% | 35.0% | 33.9% | 30.3% | 35.8% |
| SG&A / Revenue | 11.0% | 12.7% | 16.8% | 12.3% | 11.7% | 19.9% |
| Effective tax rate | 6.5% | -547.5% | - | - | 1.4% | - |
| Return on assets | 7.6% | 34.9% | -1.0% | -2.5% | 8.9% | -4.9% |
| Return on equity | 8.8% | 39.2% | -1.2% | -2.9% | 10.4% | -5.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 7.64 | 8.75 | 10.53 | 9.08 | 12.25 | 11.51 |
| Quick ratio | 7.64 | 8.75 | 10.53 | 9.08 | 12.25 | 11.51 |
| Cash ratio | 2.08 | 2.85 | 4.30 | 4.23 | 5.46 | 3.27 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.16 | 1.12 | 1.16 | 1.18 | 1.16 | 1.16 |
| Liabilities / Assets | 0.14 | 0.11 | 0.14 | 0.15 | 0.14 | 0.14 |
| Efficiency | ||||||
| Asset turnover | 0.77 | 0.68 | 0.85 | 0.73 | 0.73 | 0.65 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 86d | 89d | 91d | 89d | 93d | 122d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 56d | 41d | 42d | 47d | 12d | 40d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 42.4x | 10.9x | - | - | - | - |
| P / B | 3.8x | 4.3x | 8.1x | 4.9x | 7.1x | - |
| P / S | 4.2x | 5.6x | 8.2x | 5.8x | 8.4x | - |
| EV / EBITDA | 48.8x | 95.1x | - | - | 57.3x | - |
| Growth | ||||||
| Revenue growth (YoY) | 15.8% | 19.3% | 9.0% | 8.7% | 52.3% | 123.9% |
| Revenue CAGR (3y) | 14.6% | 12.2% | 21.8% | 54.8% | - | - |
| Revenue CAGR (5y) | 20.1% | 37.0% | - | - | - | - |
| Gross profit growth (YoY) | 16.7% | 22.4% | 11.4% | 3.7% | 64.8% | 115.4% |
| Operating income growth (YoY) | 77.9% | - | -23.6% | - | - | 89.7% |
| Net income growth (YoY) | -77.6% | - | 62.9% | - | - | 1.3% |
| EPS growth (YoY) | -77.2% | - | 64.3% | 36.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 33.2% | 55.4% | 37.4% | -40.8% | 6410.9% | - |
| FCF CAGR (5y) | 155.8% | - | - | - | - | - |
| Book value growth (YoY) | -0.1% | 53.7% | -5.8% | 8.0% | 35.5% | 10.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$7.13B totalUnited States And Canada$3.05B · 42.8%
US$2.91B · 40.8%
Europe$779.09M · 10.9%
Rest Of World$390.04M · 5.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
4.04
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing PINTEREST against the 5 most active filers in the same SIC group.