Pinterest Financials
Pinterest (PINS) reported $4.2B in revenue for fiscal year 2025, up 15.8% from the prior fiscal year. This page shows its 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).
A high-gross-margin, low-capex model is turning added revenue into cash faster than earnings alone suggest.
Across recent filings, operating margin moved from-4.1% to7.6% even though R&D kept rising, so revenue scaled without a matching rise in overhead. Because gross margin stayed near80.0% and SG&A held around$466M , the improvement looks like fixed-cost absorption and overhead discipline rather than a rebound created by cutting product investment.
The clearest signal is cash conversion: FY2025 operating cash flow of
The balance sheet remains unusually self-funded: cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pinterest's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 42/100, 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 79/100.
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 77/100, 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 94/100.
Pinterest converts 29.6% of revenue into free cash flow ($1.3B). This strong cash generation earns a score of 92/100.
Pinterest's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 37/100. This is down from 39.2% the prior year.
Pinterest scores 12.31, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.2B) relative to total liabilities ($746.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Pinterest passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for 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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B | $4.2B+15.8% | $3.6B+19.3% | $3.1B+9.0% | $2.8B+8.7% | $2.6B+52.3% | $1.7B+48.1% | $1.1B+51.2% | $755.9M+59.9% | $472.9M |
| Cost of Revenue | $935.1M | $841.5M+12.1% | $750.4M+8.9% | $688.8M+1.5% | $678.6M+28.2% | $529.3M+17.8% | $449.4M+25.2% | $358.9M+48.6% | $241.6M+35.2% | $178.7M |
| Gross Profit | $3.6B | $3.4B+16.7% | $2.9B+22.4% | $2.4B+11.4% | $2.1B+3.7% | $2.0B+64.8% | $1.2B+58.6% | $783.9M+52.4% | $514.3M+74.8% | $294.2M |
| R&D Expenses | $1.6B | $1.4B+15.1% | $1.2B+16.1% | $1.1B+12.6% | $949.0M+21.6% | $780.3M+28.7% | $606.2M-49.8% | $1.2B+379.6% | $251.7M+21.0% | $208.0M |
| SG&A Expenses | $475.1M | $466.2M+0.6% | $463.7M-9.5% | $512.4M+49.2% | $343.5M+14.1% | $301.0M-10.6% | $336.8M-4.9% | $354.1M+357.0% | $77.5M+25.7% | $61.6M |
| Operating Income | $224.2M | $319.9M+77.9% | $179.8M+243.1% | -$125.7M-23.6% | -$101.7M-131.2% | $326.2M+328.9% | -$142.5M+89.7% | -$1.4B-1758.7% | -$74.7M+45.8% | -$137.9M |
| Income Tax | $53.3M | $29.0M+101.8% | -$1.6B-8313.4% | $19.2M+89.7% | $10.1M+122.9% | $4.5M+247.9% | $1.3M+144.9% | $532K+29.8% | $410K+31.8% | $311K |
| Net Income | $248.9M | $416.9M-77.6% | $1.9B+5329.2% | -$35.6M+62.9% | -$96.0M-130.4% | $316.4M+346.6% | -$128.3M+90.6% | -$1.4B-2061.8% | -$63.0M+51.6% | -$130.0M |
| EPS (Diluted) | — | $0.61-77.2% | $2.67+5440.0% | -$0.05+64.3% | -$0.14-130.4% | $0.46+309.1% | -$0.22+93.2% | -$3.24 | N/A | N/A |
Not reported in any period shown, so not listed: Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PINS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.5B+2.8% | $5.3B+48.6% | $3.6B-6.9% | $3.9B+9.2% | $3.5B+35.6% | $2.6B+9.0% | $2.4B+107.6% | $1.2B | N/A |
| Current Assets | $3.6B+2.0% | $3.5B+4.4% | $3.3B-3.4% | $3.5B+8.6% | $3.2B+35.0% | $2.4B+14.0% | $2.1B+132.4% | $889.4M | N/A |
| Cash & Equivalents | $969.3M-14.7% | $1.1B-16.6% | $1.4B-15.5% | $1.6B+13.5% | $1.4B+112.1% | $669.2M+3.0% | $649.7M+430.3% | $122.5M+71.4% | $71.5M |
| Accounts Receivable | $997.8M+11.7% | $893.4M+17.1% | $763.2M+12.0% | $681.5M+4.3% | $653.4M+15.9% | $563.7M+78.2% | $316.4M+42.6% | $221.9M | N/A |
| Goodwill | $100.2M | N/A | N/A | $100.2M+149.3% | $40.2M+482.3% | $6.9M | N/A | N/A | N/A |
| Total Liabilities | $746.9M+26.3% | $591.5M+17.4% | $503.7M-13.3% | $581.1M+16.6% | $498.5M+35.8% | $367.1M-0.7% | $369.6M-78.8% | $1.7B | N/A |
| Current Liabilities | $465.5M+16.9% | $398.1M+25.6% | $317.1M-16.7% | $380.5M+46.5% | $259.8M+26.8% | $204.8M+16.3% | $176.2M+62.5% | $108.4M | N/A |
| Total Equity | $4.7B-0.1% | $4.8B+53.7% | $3.1B-5.8% | $3.3B+8.0% | $3.0B+35.5% | $2.2B+10.8% | $2.0B+440.4% | -$594.6M-8.8% | -$546.5M |
| Retained Earnings | $128.7M+144.7% | -$288.2M+86.6% | -$2.2B-1.7% | -$2.1B-4.8% | -$2.0B+13.6% | -$2.3B-5.8% | -$2.2B-161.0% | -$845.4M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
PINS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B | $1.3B+33.1% | $964.6M+57.4% | $613.0M+30.6% | $469.2M-37.7% | $752.9M+2511.9% | $28.8M+4287.5% | $657K+101.1% | -$60.4M+41.3% | -$102.9M |
| Capital Expenditures | $53.4M | $32.4M+31.6% | $24.6M+205.2% | $8.1M-72.2% | $29.0M+220.9% | $9.0M-48.1% | $17.4M-48.5% | $33.8M+52.2% | $22.2M-46.1% | $41.2M |
| Free Cash Flow | $1.3B | $1.3B+33.2% | $940.0M+55.4% | $604.9M+37.4% | $440.2M-40.8% | $743.9M+6410.9% | $11.4M+134.5% | -$33.1M+59.9% | -$82.6M+42.7% | -$144.1M |
| Investing Cash Flow | $98.4M | -$134.5M+39.2% | -$221.0M-497.5% | -$37.0M+71.2% | -$128.2M-396.0% | -$25.9M+45.7% | -$47.6M+91.9% | -$586.5M-614.2% | $114.1M+299.2% | -$57.3M |
| Financing Cash Flow | -$2.2B | -$1.3B-36.1% | -$968.3M-17.1% | -$826.8M-455.1% | -$148.9M-772.0% | $22.2M+12.9% | $19.6M-98.3% | $1.1B+51011.5% | -$2.2M-101.5% | $150.3M |
| Share Buybacks | $2.7B | $927.0M+54.5% | $600.2M+20.0% | $500.0M | $0 | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PINS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.1%+0.6pp | 79.4%+2.0pp | 77.5%+1.7pp | 75.8%-3.7pp | 79.5%+6.0pp | 73.5%+4.9pp | 68.6%+0.5pp | 68.0%+5.8pp | 62.2% |
| Operating Margin | 7.6%+2.7pp | 4.9%+9.0pp | -4.1%-0.5pp | -3.6%-16.3pp | 12.7%+21.1pp | -8.4% | -121.5% | -9.9%+19.3pp | -29.2% |
| Net Margin | 9.9%-41.2pp | 51.1%+52.2pp | -1.2%+2.3pp | -3.4%-15.7pp | 12.3%+19.9pp | -7.6% | -119.1% | -8.3%+19.2pp | -27.5% |
| Return on Equity | 8.8%-30.4pp | 39.2%+40.3pp | -1.1%+1.8pp | -2.9%-13.3pp | 10.4%+16.1pp | -5.7%+61.5pp | -67.3% | N/A | N/A |
| Return on Assets | 7.6%-27.3pp | 34.8%+35.8pp | -1.0%+1.5pp | -2.5%-11.4pp | 8.9%+13.9pp | -4.9%+52.0pp | -56.9%-51.4pp | -5.5% | N/A |
| Current Ratio | 7.64-1.1x | 8.75-1.8x | 10.53+1.5x | 9.08-3.2x | 12.25+0.7x | 11.51-0.2x | 11.74+3.5x | 8.20 | N/A |
| Debt-to-Equity | 0.160.0x | 0.120.0x | 0.160.0x | 0.180.0x | 0.160.0x | 0.160.0x | 0.18 | N/A | N/A |
| FCF Margin | 29.6%+3.9pp | 25.8%+6.0pp | 19.8%+4.1pp | 15.7%-13.1pp | 28.8%+28.2pp | 0.7%+3.6pp | -2.9%+8.0pp | -10.9%+19.6pp | -30.5% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Where Pinterest Ranks
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 12.31, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 70 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.