Pinterest Inc. (PINS) financial statements: income statement, balance sheet and cash flow
Pinterest Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Pinterest Inc. reported revenue of $4.2B (+15.8% year on year) and net income of $416.9M (-77.6% year on year).
Income statement
Pinterest Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$4.2B
$3.6B
$3.1B
$2.8B
Cost of revenue
$841.5M
$750.4M
$688.8M
$678.6M
Research and development
$1.4B
$1.2B
$1.1B
$949.0M
Sales and marketing
$1.2B
$1.0B
$911.2M
$933.1M
General and administrative
$466.2M
$463.7M
$512.4M
$343.5M
Total costs and expenses
$3.9B
$3.5B
$3.2B
$2.9B
Income (loss) from operations
$319.9M
$179.8M
($125.7M)
($101.7M)
Interest income (expense), net
$110.5M
$127.0M
$105.4M
—
Other income (expense), net
$15.5M
($19.2M)
$3.8M
—
Income (loss) before provision for (benefit from) income taxes
$445.9M
$287.6M
($16.4M)
($85.9M)
Provision for (benefit from) income taxes
$29.0M
($1.6B)
$19.2M
$10.1M
Net income (loss)
$416.9M
$1.9B
($35.6M)
($96.0M)
Basic (in dollars per share)
$0.62
$2.74
-$0.05
-$0.14
Diluted (in dollars per share)
$0.61
$2.67
-$0.05
-$0.14
Basic (in shares)
674.7M
678.8M
674.6M
665.7M
Diluted (in shares)
687.8M
698.4M
674.6M
665.7M
Pinterest Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$1.2B
$1.0B
$1.0B
$998.2M
Cost of revenue
$257.4M
$238.6M
$212.3M
$203.0M
Research and development
$451.0M
$380.8M
$371.3M
$359.6M
Sales and marketing
$374.3M
$317.9M
$296.7M
$313.1M
General and administrative
$137.9M
$103.5M
$110.4M
$126.8M
Restructuring
$14.3M
$47.1M
—
—
Total costs and expenses
$1.2B
$1.1B
$990.7M
$1.0B
Loss from operations
($55.2M)
($80.3M)
$58.5M
($4.3M)
Interest income (expense), net
$7.3M
$17.8M
$28.5M
$28.0M
Other income (expense), net
($1.3M)
($994.0K)
$144.0K
$11.0M
Income (loss) before provision for (benefit from) income taxes
($49.2M)
($63.5M)
$87.2M
$34.7M
Provision for (benefit from) income taxes
($2.5M)
$10.1M
($4.9M)
($4.1M)
Net income (loss)
($46.7M)
($73.6M)
$92.1M
$38.8M
Basic (in dollars per share)
-$0.08
-$0.12
$0.14
$0.06
Diluted (in dollars per share)
-$0.08
-$0.12
$0.13
$0.06
Basic (in shares)
562.9M
636.6M
677.8M
676.9M
Diluted (in shares)
562.9M
636.6M
694.5M
689.8M
Balance sheet
Pinterest Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$969.3M
$1.1B
$1.4B
$1.6B
Marketable securities
$1.5B
$1.4B
$1.1B
$1.1B
Accounts receivable, net
$997.8M
$893.4M
$763.2M
$681.5M
Prepaid expenses and other current assets
$90.7M
$78.4M
$64.3M
$74.9M
Total current assets
$3.6B
$3.5B
$3.3B
$3.5B
Property and equipment, net
$66.5M
$45.6M
$32.2M
$59.6M
Operating lease right-of-use assets
$150.4M
$85.9M
$92.1M
$206.3M
Goodwill and intangible assets, net
$106.3M
$110.1M
$117.5M
$124.8M
Deferred tax assets
$1.6B
$1.6B
—
—
Other assets
$21.1M
$13.8M
$14.0M
$17.4M
Total assets
$5.5B
$5.3B
$3.6B
$3.9B
Accounts payable
$129.8M
$84.0M
$79.1M
$87.9M
Accrued expenses and other current liabilities
$335.7M
$314.1M
$238.0M
$292.6M
Total current liabilities
$465.5M
$398.1M
$317.1M
$380.5M
Operating lease liabilities
$220.6M
$151.4M
$160.6M
$178.7M
Other liabilities
$60.8M
$42.0M
$26.0M
$21.9M
Total liabilities
$746.9M
$591.5M
$503.7M
$581.1M
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 584,866 and 593,462 shares issued and outstanding as of December 31, 2025 and 2024, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 79,680 and 82,471 shares issued and outstanding as of December 31, 2025 and 2024, respectively
7.0K
7.0K
7.0K
7.0K
Additional paid-in capital
$4.6B
$5.0B
$5.2B
$5.4B
Accumulated other comprehensive income (loss)
$4.3M
($130.0K)
($1.0M)
($11.4M)
Retained earnings (accumulated deficit)
$128.7M
($288.2M)
($2.2B)
($2.1B)
Total stockholders’ equity
$4.7B
$4.8B
$3.1B
$3.3B
Total liabilities and stockholders’ equity
$5.5B
$5.3B
$3.6B
$3.9B
Pinterest Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$422.5M
$378.1M
$1.1B
$1.2B
Marketable securities
$852.4M
$920.5M
$1.5B
$1.4B
Accounts receivable, net
$932.0M
$830.4M
$800.5M
$760.1M
Prepaid expenses and other current assets
$116.4M
$113.8M
$93.6M
$98.9M
Total current assets
$2.3B
$2.2B
$3.6B
$3.5B
Property and equipment, net
$97.4M
$83.1M
$52.7M
$52.6M
Operating lease right-of-use assets
$143.1M
$152.3M
$132.5M
$75.1M
Intangible assets, net
$83.0M
$87.8M
—
—
Goodwill
$475.3M
$475.3M
—
—
Deferred tax assets
$1.6B
$1.6B
$1.6B
$1.6B
Other assets
$20.8M
$22.3M
$18.2M
$17.1M
Total assets
$4.8B
$4.6B
$5.5B
$5.4B
Accounts payable
$145.1M
$75.0M
$90.6M
$91.9M
Accrued expenses and other current liabilities
$464.7M
$455.8M
$335.7M
$309.9M
Total current liabilities
$609.8M
$530.8M
$426.3M
$401.8M
Convertible notes, net
$981.1M
$980.2M
—
—
Operating lease liabilities
$215.5M
$224.9M
$205.2M
$137.4M
Other liabilities
$59.0M
$58.9M
$58.9M
$51.8M
Total liabilities
$1.9B
$1.8B
$690.4M
$591.0M
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 490,712 and 584,866 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 74,785 and 79,680 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
6.0K
6.0K
7.0K
7.0K
Additional paid-in capital
$2.9B
$2.8B
$5.0B
$5.0B
Accumulated other comprehensive income (loss)
($1.2M)
($150.0K)
$3.8M
$3.9M
Retained earnings
$8.4M
$55.1M
($148.4M)
($240.5M)
Total stockholders’ equity
$2.9B
$2.9B
$4.8B
$4.8B
Total liabilities and stockholders’ equity
$4.8B
$4.6B
$5.5B
$5.4B
Cash flow statement
Pinterest Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$416.9M
$1.9B
($35.6M)
($96.0M)
Depreciation and amortization
$25.2M
$21.3M
$21.5M
$46.5M
Share-based compensation
$880.5M
$765.8M
$647.9M
$497.1M
Deferred income taxes
$10.5M
($1.6B)
—
—
Non-cash charitable contributions
$13.5M
$0
$12.9M
$0
Impairment and abandonment charges for leases and leasehold improvements
$0
$0
$117.3M
—
Net amortization of investment premium and discount
($18.1M)
($29.0M)
($21.9M)
—
Other
$7.8M
$2.3M
($2.4M)
($13.9M)
Accounts receivable
($104.4M)
($128.9M)
($80.8M)
($28.9M)
Prepaid expenses and other assets
($3.5M)
($17.2M)
$18.1M
($30.2M)
Operating lease right-of-use assets
$30.9M
$32.7M
$55.3M
$56.0M
Accounts payable
$42.9M
$3.8M
($9.3M)
$70.8M
Accrued expenses and other liabilities
$15.4M
$91.6M
($43.5M)
$20.6M
Operating lease liabilities
($33.2M)
($39.5M)
($66.5M)
($52.8M)
Net cash provided by operating activities
$1.3B
$964.6M
$613.0M
$469.2M
Purchases of property and equipment
($32.4M)
($24.6M)
—
—
Purchases of marketable securities
($1.6B)
($1.5B)
($1.3B)
($1.0B)
Sales of marketable securities
$31.5M
$22.0M
$35.9M
$7.4M
Maturities of marketable securities
$1.4B
$1.3B
$1.2B
$1.0B
Net cash used in investing activities
($134.5M)
($221.0M)
($37.0M)
($128.2M)
Proceeds from exercise of stock options, net
$8.1M
$22.1M
$8.3M
$12.9M
Repurchases of Class A common stock
($927.0M)
($600.2M)
($500.0M)
—
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards
-399.0M
-390.3M
-335.0M
-161.8M
Net cash used in financing activities
($1.3B)
($968.3M)
($826.8M)
($148.9M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$2.3M
($2.6M)
$1.7M
($1.4M)
Net decrease in cash, cash equivalents and restricted cash
($165.9M)
($227.3M)
($249.1M)
$190.6M
Cash, cash equivalents and restricted cash, beginning of period
$1.1B
$1.4B
$1.6B
$1.4B
Cash, cash equivalents and restricted cash, end of period
$975.4M
$1.1B
$1.4B
$1.6B
Cash and cash equivalents
$969.3M
—
—
—
Restricted cash included in prepaid expenses and other current assets
$0
—
—
—
Restricted cash included in other assets
$6.0M
—
—
—
Total cash, cash equivalents and restricted cash
$975.4M
—
—
—
Cash paid for income taxes, net
$22.4M
$25.0M
$19.2M
—
Operating lease right-of-use assets obtained in exchange for operating lease liabilities
$107.1M
$31.1M
$32.8M
$31.5M
Pinterest Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
($120.3M)
($73.6M)
$139.8M
$47.7M
Depreciation and amortization
$20.6M
$8.8M
$19.1M
$11.9M
Share-based compensation
$556.0M
$231.4M
$649.8M
$414.7M
Deferred income taxes
($1.4M)
$5.3M
($36.3M)
($28.0M)
Non-cash charitable contributions
$12.2M
—
$13.5M
$13.5M
Net amortization of investment premium and discount
($5.4M)
($3.2M)
($13.6M)
($9.5M)
Other
($570.0K)
($6.9M)
$10.4M
$16.9M
Accounts receivable
$95.0M
$195.0M
$94.6M
$135.3M
Prepaid expenses and other assets
($27.7M)
($22.0M)
($5.0M)
($22.9M)
Operating lease right-of-use assets
$19.7M
$10.6M
$21.8M
$14.2M
Accounts payable
($8.4M)
($83.6M)
$7.6M
$8.8M
Accrued expenses and other liabilities
$102.4M
$76.9M
$17.5M
($14.3M)
Operating lease liabilities
($21.2M)
($10.8M)
($26.2M)
($16.9M)
Net cash provided by operating activities
$620.9M
$328.0M
$893.1M
$571.4M
Purchases of property and equipment
($39.3M)
($16.3M)
($21.5M)
($18.3M)
Purchases of marketable securities
($438.8M)
($228.6M)
($1.2B)
($878.3M)
Sales of marketable securities
$436.6M
$403.9M
$22.6M
$12.9M
Maturities of marketable securities
$647.2M
$400.9M
$1.1B
$809.6M
Acquisition of business, net of cash acquired
($447.0M)
($447.0M)
—
—
Net cash provided by (used in) investing activities
$158.8M
$112.9M
($168.2M)
($74.1M)
Proceeds from exercise of stock options, net
$0
$0
$8.1M
$8.1M
Repurchases of Class A common stock
($2.0B)
($1.9B)
($425.0M)
($227.6M)
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards
-180.5M
-68.9M
-314.3M
-199.5M
Proceeds from issuance of convertible notes, net of issuance costs
$979.9M
$985.0M
—
—
Purchase of capped calls related to convertible notes
($99.2M)
—
—
—
Other financing activities
($1.9M)
($1.9M)
—
—
Net cash used in financing activities
($1.3B)
($1.0B)
($731.2M)
($419.0M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$50.0K
($72.0K)
$2.4M
$2.3M
Net increase (decrease) in cash, cash equivalents and restricted cash
($546.9M)
($591.3M)
($4.0M)
$80.5M
Cash, cash equivalents and restricted cash, beginning of period
$975.4M
$975.4M
$1.1B
$1.1B
Cash, cash equivalents and restricted cash, end of period
$428.5M
$384.1M
$1.1B
$1.2B
Cash and cash equivalents
$422.5M
$378.1M
—
—
Restricted cash included in other assets
$6.0M
$6.0M
—
—
Total cash, cash equivalents and restricted cash
$428.5M
$384.1M
—
—
Cash paid for income taxes, net
$11.6M
$3.9M
$17.1M
$14.1M
Excise tax on repurchases of Class A common stock in accrued expenses and other current liabilities