PINS

MKT CAP:$13B

Pinterest, Inc.

Market Cap

$13B

Communication Services·Internet Content & Information·🇺🇸 United States·NYSE

Communication·Internet·🇺🇸·NYSE

Stock Price

$19.64-$6.92 (-26.05%)

Apr 23, 2026

Company Details

Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and prov...

CEO

William J. Ready

IPO Date

Apr 18, 2019

Website

www.pinterest.com

Key Metrics TTM

Revenue

$4.2B

+15.8% YoY

Net Income

$417M

EPS (Diluted)

$0.61

Free Cash Flow

$1.3B

Revenue / Share

$6.23

Gross Margin

80.1%

Operating Margin

7.6%

Net Margin

9.9%

FCF Margin

29.7%

P/S

3.2x

P/E

32.2x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 12, 2026

$4.2B+15.8%EPS $0.61

Q4 2025

Feb 12, 2026

$1.3B+14.3%EPS $0.41

Q3 2025

Nov 4, 2025

$1.0B+16.8%EPS $0.13

Q2 2025

Aug 7, 2025

$998M+16.9%EPS $0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$575M	$429M	-$4M
Q2 22	$666M	$501M	-$35M
Q3 22	$685M	$502M	-$69M
Q4 22	$877M	$692M	$6M
Q1 23	$603M	$432M	-$244M
Q2 23	$708M	$539M	-$73M
Q3 23	$763M	$592M	-$5M
Q4 23	$981M	$803M	$196M
Q1 24	$740M	$559M	-$54M
Q2 24	$854M	$669M	-$21M
Q3 24	$898M	$711M	-$6M
Q4 24	$1.2B	$957M	$262M
Q1 25	$855M	$656M	-$35M
Q2 25	$998M	$795M	-$4M
Q3 25	$1.0B	$837M	$59M
Q4 25	$1.3B	$1.1B	$301M

Valuation

Quarter	P/S	P/E
Q1 22	6.5x	52.2x
Q2 22	5.0x	62.3x
Q3 22	5.8x	261.3x
Q4 22	6.0x	—
Q1 23	6.6x	—
Q2 23	6.3x	—
Q3 23	6.2x	—
Q4 23	8.3x	—
Q1 24	7.6x	162.9x
Q2 24	8.8x	152.2x
Q3 24	6.3x	101.2x
Q4 24	5.4x	10.6x
Q1 25	5.6x	11.1x
Q2 25	6.2x	12.6x
Q3 25	5.6x	11.3x
Q4 25	4.2x	42.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$213M	$206M
Q2 22	$120M	$107M
Q3 22	$77M	$69M
Q4 22	$58M	$57M
Q1 23	$183M	$181M
Q2 23	$63M	$62M
Q3 23	$109M	$108M
Q4 23	$258M	$254M
Q1 24	$356M	$344M
Q2 24	$106M	$102M
Q3 24	$248M	$244M
Q4 24	$254M	$250M
Q1 25	$364M	$356M
Q2 25	$208M	$197M
Q3 25	$322M	$318M
Q4 25	$391M	$380M

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$13M
Q3 22	$8M
Q4 22	$1M
Q1 23	$2M
Q2 23	$810.0K
Q3 23	$980.0K
Q4 23	$4M
Q1 24	$12M
Q2 24	$5M
Q3 24	$4M
Q4 24	$4M
Q1 25	$7M
Q2 25	$11M
Q3 25	$3M
Q4 25	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+18.5%	+13.9%
Q2 22	+8.6%	+29.2%
Q3 22	+8.2%	+41.1%
Q4 22	+3.6%	+30.6%
Q1 23	+4.8%	+46.3%
Q2 23	+6.3%	+11.5%
Q3 23	+11.5%	+1.9%
Q4 23	+11.9%	-9.9%
Q1 24	+22.8%	-6.1%
Q2 24	+20.6%	+12.0%
Q3 24	+17.7%	+17.7%
Q4 24	+17.6%	+13.7%
Q1 25	+15.5%	+12.1%
Q2 25	+16.9%	+14.6%
Q3 25	+16.8%	+9.6%
Q4 25	+14.3%	+14.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$73M	12.7%
Q2 22	$117M	17.6%
Q3 22	$136M	19.9%
Q4 22	$170M	19.4%
Q1 23	$143M	23.8%
Q2 23	$170M	24.0%
Q3 23	$172M	22.5%
Q4 23	$163M	16.6%
Q1 24	$162M	22.0%
Q2 24	$196M	23.0%
Q3 24	$208M	23.2%
Q4 24	$199M	17.2%
Q1 25	$187M	21.9%
Q2 25	$227M	22.8%
Q3 25	$235M	22.4%
Q4 25	$231M	17.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$196M	$63M	$174M
Q2 22	$234M	$90M	$212M
Q3 22	$255M	$87M	$230M
Q4 22	$265M	$104M	$317M
Q1 23	$266M	$208M	$201M
Q2 23	$269M	$100M	$243M
Q3 23	$265M	$107M	$226M
Q4 23	$268M	$98M	$241M
Q1 24	$280M	$107M	$226M
Q2 24	$313M	$112M	$265M
Q3 24	$327M	$141M	$249M
Q4 24	$321M	$104M	$271M
Q1 25	$332M	$106M	$254M
Q2 25	$360M	$127M	$313M
Q3 25	$371M	$110M	$297M
Q4 25	$365M	$123M	$303M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.7B	$994M	$2.7B
Q2 22	$1.6B	$1.0B	$2.7B
Q3 22	$1.7B	$994M	$2.7B
Q4 22	$1.6B	$1.1B	$2.7B
Q1 23	$1.7B	$1.1B	$2.7B
Q2 23	$1.2B	$1.1B	$2.3B
Q3 23	$1.2B	$1.2B	$2.3B
Q4 23	$1.4B	$1.1B	$2.5B
Q1 24	$1.6B	$1.1B	$2.8B
Q2 24	$1.4B	$1.4B	$2.7B
Q3 24	$1.0B	$1.4B	$2.4B
Q4 24	$1.1B	$1.4B	$2.5B
Q1 25	$1.3B	$1.4B	$2.6B
Q2 25	$1.2B	$1.4B	$2.7B
Q3 25	$1.1B	$1.5B	$2.7B
Q4 25	$969M	$1.5B	$2.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	657M	-4.8%	+4.5%
Q2 22	662M	+0.8%	-4.4%
Q3 22	669M	+1.0%	-3.3%
Q4 22	674M	+0.8%	-2.3%
Q1 23	681M	+1.0%	+3.7%
Q2 23	674M	-1.0%	+1.8%
Q3 23	687M	+1.9%	+2.7%
Q4 23	695M	+1.2%	+3.1%
Q1 24	679M	-2.3%	-0.3%
Q2 24	708M	+4.3%	+5.0%
Q3 24	695M	-1.8%	+1.2%
Q4 24	688M	-1.0%	-1.0%
Q1 25	689M	+0.2%	+1.6%
Q2 25	690M	+0.1%	-2.6%
Q3 25	695M	+0.7%	-0.1%
Q4 25	677M	-2.5%	-1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$178.3K	3K
Q2 22	$206.5K	3K
Q3 22	$212.3K	3K
Q4 22	$220.0K	4K
Q1 23	$151.1K	4K
Q2 23	$177.6K	4K
Q3 23	$191.4K	4K
Q4 23	$244.5K	4K
Q1 24	$184.4K	4K
Q2 24	$212.7K	4K
Q3 24	$223.8K	4K
Q4 24	$247.3K	5K
Q1 25	$183.2K	5K
Q2 25	$213.9K	5K
Q3 25	$224.9K	5K
Q4 25	$250.6K	5K

Revenue / Employee