Pinterest Financials
This page shows Pinterest (PINS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pinterest has an operating margin of 7.6%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 4.9% the prior year.
Pinterest's revenue surged 15.8% year-over-year to $4.2B, reflecting rapid business expansion. This strong growth earns a score of 60/100.
Pinterest carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.64, Pinterest holds $7.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Pinterest converts 29.6% of revenue into free cash flow ($1.3B). This strong cash generation earns a score of 99/100.
Pinterest's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 31/100. This is down from 39.2% the prior year.
Pinterest scores 11.08, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($11.7B) relative to total liabilities ($746.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Pinterest passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Pinterest generates $3.08 in operating cash flow ($1.3B OCF vs $416.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Pinterest generated $4.2B in revenue in fiscal year 2025. This represents an increase of 15.8% from the prior year.
Pinterest's EBITDA was $345.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 71.6% from the prior year.
Pinterest reported $416.9M in net income in fiscal year 2025. This represents a decrease of 77.6% from the prior year.
Pinterest earned $0.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 77.2% from the prior year.
Cash & Balance Sheet
Pinterest generated $1.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 33.2% from the prior year.
Pinterest held $969.3M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Pinterest's gross margin was 80.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Pinterest's operating margin was 7.6% in fiscal year 2025, reflecting core business profitability. This is up 2.7 percentage points from the prior year.
Pinterest's net profit margin was 9.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 41.2 percentage points from the prior year.
Pinterest's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 30.4 percentage points from the prior year.
Capital Allocation
Pinterest invested $1.4B in research and development in fiscal year 2025. This represents an increase of 15.1% from the prior year.
Pinterest spent $927.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 54.5% from the prior year.
Pinterest invested $32.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 31.6% from the prior year.
PINS Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+25.7% | $1.0B+5.1% | $998.2M+16.8% | $855.0M-25.9% | $1.2B+28.5% | $898.4M+5.2% | $853.7M+15.4% | $740.0M |
| Cost of Revenue | $226.9M+6.9% | $212.3M+4.6% | $203.0M+1.9% | $199.3M+1.2% | $197.0M+5.1% | $187.5M+1.4% | $184.9M+2.1% | $181.1M |
| Gross Profit | $1.1B+30.5% | $836.9M+5.2% | $795.2M+21.3% | $655.7M-31.5% | $957.2M+34.6% | $710.9M+6.3% | $668.8M+19.7% | $558.9M |
| R&D Expenses | $364.9M-1.7% | $371.3M+3.2% | $359.6M+8.4% | $331.7M+3.4% | $320.8M-1.8% | $326.7M+4.4% | $312.8M+11.6% | $280.3M |
| SG&A Expenses | $123.3M+11.7% | $110.4M-12.9% | $126.8M+20.1% | $105.6M+1.8% | $103.7M-26.5% | $141.1M+25.9% | $112.1M+5.0% | $106.7M |
| Operating Income | $301.2M+414.7% | $58.5M+1451.4% | -$4.3M+87.8% | -$35.5M-113.6% | $261.6M+4521.7% | -$5.9M+72.4% | -$21.4M+60.6% | -$54.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $50.6M+1130.9% | -$4.9M-19.7% | -$4.1M+67.4% | -$12.6M+99.2% | -$1.6B-207107.8% | -$758K-210.7% | -$244K+91.5% | -$2.9M |
| Net Income | $277.1M+200.8% | $92.1M+137.7% | $38.8M+334.4% | $8.9M-99.5% | $1.8B+5946.2% | $30.6M+243.8% | $8.9M+135.8% | -$24.8M |
| EPS (Diluted) | N/A | $0.13+116.7% | $0.06+500.0% | $0.01 | N/A | $0.04+300.0% | $0.01+125.0% | $-0.04 |
PINS Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.5B-0.4% | $5.5B+2.1% | $5.4B+2.3% | $5.3B-1.1% | $5.3B+53.0% | $3.5B-6.8% | $3.7B+2.2% | $3.7B |
| Current Assets | $3.6B-0.3% | $3.6B+1.3% | $3.5B+3.4% | $3.4B-2.4% | $3.5B+7.8% | $3.2B-7.5% | $3.5B+2.3% | $3.4B |
| Cash & Equivalents | $969.3M-14.4% | $1.1B-6.9% | $1.2B-2.8% | $1.3B+10.2% | $1.1B+9.7% | $1.0B-24.8% | $1.4B-15.7% | $1.6B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $997.8M+24.6% | $800.5M+5.3% | $760.1M+7.1% | $710.0M-20.5% | $893.4M+31.3% | $680.5M+2.4% | $664.3M+17.8% | $563.9M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $746.9M+8.2% | $690.4M+16.8% | $591.0M-0.5% | $594.2M+0.5% | $591.5M-1.0% | $597.3M+8.7% | $549.5M+5.1% | $522.9M |
| Current Liabilities | $465.5M+9.2% | $426.3M+6.1% | $401.8M-0.6% | $404.4M+1.6% | $398.1M-2.7% | $409.3M+11.3% | $367.7M+8.2% | $339.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $4.7B-1.7% | $4.8B+0.3% | $4.8B+2.6% | $4.7B-1.3% | $4.8B+64.2% | $2.9B-9.5% | $3.2B+1.7% | $3.1B |
| Retained Earnings | $128.7M+186.7% | -$148.4M+38.3% | -$240.5M+13.9% | -$279.2M+3.1% | -$288.2M+86.5% | -$2.1B+1.4% | -$2.2B+0.4% | -$2.2B |
PINS Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $391.2M+21.6% | $321.7M+54.9% | $207.7M-42.9% | $363.7M+43.2% | $254.0M+2.4% | $248.0M+133.1% | $106.4M-70.1% | $356.1M |
| Capital Expenditures | $10.8M+235.7% | $3.2M-70.7% | $11.0M+51.0% | $7.3M+92.2% | $3.8M-3.1% | $3.9M-18.1% | $4.8M-60.5% | $12.1M |
| Free Cash Flow | $380.4M+19.5% | $318.4M+61.9% | $196.7M-44.8% | $356.4M+42.5% | $250.2M+2.5% | $244.1M+140.2% | $101.6M-70.5% | $344.0M |
| Investing Cash Flow | $33.7M+135.8% | -$94.1M-9.3% | -$86.1M-820.3% | $11.9M-62.4% | $31.8M+182.5% | -$38.5M+81.8% | -$211.2M-6670.0% | -$3.1M |
| Financing Cash Flow | -$586.7M-87.9% | -$312.2M-97.2% | -$158.3M+39.3% | -$260.7M-42.4% | -$183.1M+66.8% | -$551.7M-266.4% | -$150.6M-81.5% | -$83.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $502.0M+154.3% | $197.4M+275.1% | $52.6M-69.9% | $175.0M+74.7% | $100.2M-78.5% | $466.7M+1299.9% | $33.3M | $0 |
PINS Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.8%+3.0pp | 79.8%+0.1pp | 79.7%+3.0pp | 76.7%-6.2pp | 82.9%+3.8pp | 79.1%+0.8pp | 78.3%+2.8pp | 75.5% |
| Operating Margin | 22.8%+17.3pp | 5.6%+6.0pp | -0.4%+3.7pp | -4.2%-26.8pp | 22.7%+23.3pp | -0.7%+1.9pp | -2.5%+4.8pp | -7.3% |
| Net Margin | 21.0%+12.2pp | 8.8%+4.9pp | 3.9%+2.8pp | 1.0%-159.0pp | 160.1%+156.7pp | 3.4%+2.4pp | 1.0%+4.4pp | -3.4% |
| Return on Equity | 5.8%+3.9pp | 1.9%+1.1pp | 0.8%+0.6pp | 0.2%-38.7pp | 38.9%+37.8pp | 1.1%+0.8pp | 0.3%+1.1pp | -0.8% |
| Return on Assets | 5.0%+3.4pp | 1.7%+0.9pp | 0.7%+0.5pp | 0.2%-34.4pp | 34.6%+33.7pp | 0.9%+0.6pp | 0.2%+0.9pp | -0.7% |
| Current Ratio | 7.64-0.7 | 8.36-0.4 | 8.76+0.3 | 8.41-0.3 | 8.75+0.9 | 7.90-1.6 | 9.50-0.5 | 10.04 |
| Debt-to-Equity | 0.16+0.0 | 0.14+0.0 | 0.120.0 | 0.130.0 | 0.12-0.1 | 0.21+0.0 | 0.170.0 | 0.17 |
| FCF Margin | 28.8%-1.5pp | 30.3%+10.6pp | 19.7%-22.0pp | 41.7%+20.0pp | 21.7%-5.5pp | 27.2%+15.3pp | 11.9%-34.6pp | 46.5% |
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Frequently Asked Questions
What is Pinterest's annual revenue?
Pinterest (PINS) reported $4.2B in total revenue for fiscal year 2025. This represents a 15.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pinterest's revenue growing?
Pinterest (PINS) revenue grew by 15.8% year-over-year, from $3.6B to $4.2B in fiscal year 2025.
Is Pinterest profitable?
Yes, Pinterest (PINS) reported a net income of $416.9M in fiscal year 2025, with a net profit margin of 9.9%.
What is Pinterest's EBITDA?
Pinterest (PINS) had EBITDA of $345.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Pinterest's gross margin?
Pinterest (PINS) had a gross margin of 80.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pinterest's operating margin?
Pinterest (PINS) had an operating margin of 7.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Pinterest's net profit margin?
Pinterest (PINS) had a net profit margin of 9.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Pinterest's return on equity (ROE)?
Pinterest (PINS) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pinterest's free cash flow?
Pinterest (PINS) generated $1.3B in free cash flow during fiscal year 2025. This represents a 33.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pinterest's operating cash flow?
Pinterest (PINS) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pinterest's total assets?
Pinterest (PINS) had $5.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pinterest's capital expenditures?
Pinterest (PINS) invested $32.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Pinterest spend on research and development?
Pinterest (PINS) invested $1.4B in research and development during fiscal year 2025.
What is Pinterest's current ratio?
Pinterest (PINS) had a current ratio of 7.64 as of fiscal year 2025, which is generally considered healthy.
What is Pinterest's debt-to-equity ratio?
Pinterest (PINS) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pinterest's return on assets (ROA)?
Pinterest (PINS) had a return on assets of 7.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pinterest's Altman Z-Score?
Pinterest (PINS) has an Altman Z-Score of 11.08, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Pinterest's Piotroski F-Score?
Pinterest (PINS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pinterest's earnings high quality?
Pinterest (PINS) has an earnings quality ratio of 3.08x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Pinterest?
Pinterest (PINS) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.