Every 10-Q that Pinterest, Inc. (PINS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PINS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PINS filings page.
Pinterest, Inc. reported Q2 2026 revenue of $1,179.7 million, up 18% year over year, with monthly active users reaching 640 million, an 11% increase. Growth was led by conversion and consideration ad objectives, with ad impressions up 16% and pricing slightly higher.
Despite this topline expansion, Pinterest recorded a Q2 net loss of $46.7 million and a six‑month loss of $120.3 million, reflecting higher share-based compensation of $324.5 million, increased R&D and sales and marketing spending, and $14.3 million of restructuring charges in the quarter. Non‑GAAP Adjusted EBITDA rose to $311.3 million in Q2 and $517.8 million year to date. Operating cash flow was $620.9 million and free cash flow $581.6 million for the first half, while cash, cash equivalents and marketable securities totaled $1,274.9 million.
Strategically, Pinterest acquired tvScientific for $465.1 million to extend AI-powered performance advertising into connected TV, issued $1,000.0 million of 1.75% convertible senior notes due 2031 accompanied by equity-classified capped calls, and entered a new AWS agreement requiring at least $4,000.0 million of cloud spend through 2031. A global restructuring plan with a workforce reduction of under 15% and office space reductions is expected to generate up to $69.6 million in total charges. Capital returns accelerated via the March 2026 repurchase program, including 28.9 million Class A shares bought for $551.0 million and a $1,000.0 million accelerated share repurchase that retired 54.8 million shares, leaving approximately 565 million Class A and B shares outstanding as of June 30, 2026.
Pinterest, Inc. reported first-quarter 2026 revenue of $1,007.5 million, up 18% year over year, driven by a 6% increase in average revenue per user and 11% growth in monthly active users to 631 million. Ad impressions rose 24% while average ad prices fell 5%.
The company posted a net loss of $73.6 million versus prior-year profit, mainly reflecting higher operating costs and $47.1 million of restructuring charges tied to an AI-focused transformation and workforce and office reductions. Adjusted EBITDA increased to $206.5 million, showing underlying profit generation.
Pinterest ended the quarter with $1,298.6 million in cash, cash equivalents and marketable securities, issued $1.0 billion of 1.75% convertible senior notes due 2031 to Elliott affiliates, and closed a $465.1 million acquisition of connected TV ad platform tvScientific. It also executed aggressive capital returns, including $1.0 billion under an accelerated share repurchase and additional open-market repurchases under a new $3.5 billion authorization.
Pinterest reported strong Q3 results with revenue of $1,049.2 million, up 17% year over year, and net income of $92.1 million versus $30.6 million a year ago. Income from operations reached $58.5 million, and Adjusted EBITDA was $306.1 million.
Engagement and monetization improved: MAUs were 600 million, up 12%, and global ARPU rose 5% to $1.78. U.S. and Canada revenue was $754.4 million, Europe $191.5 million, and Rest of World $103.3 million. Operating costs grew more slowly than revenue, with cost of revenue at 20% of sales and R&D at 35%.
Year to date, operating cash flow was $893.1 million with free cash flow of $871.5 million. Cash, cash equivalents and marketable securities totaled $2,671.3 million. The company repurchased $427.0 million of Class A shares, leaving $1,472.8 million authorized. As of October 29, 2025, Class A shares outstanding were 595,837,793 and Class B were 79,720,002.
Pinterest (PINS) Q2 2025 10-Q highlights
Revenue rose 17% YoY to $998 M on 11% MAU growth to 578 M. Global ARPU increased 6% to $1.74; U.S./Canada ARPU up 6% to $7.29. Gross margin improved to 80% as cost of revenue grew more slowly than sales. Operating loss narrowed to $4.3 M (vs. $21.4 M), and net income jumped to $38.8 M, or $0.06 diluted EPS. Adjusted EBITDA advanced 33% to $250.8 M, yielding a 25% margin.
For the first six months, revenue reached $1.85 B (+16%) with net income of $47.7 M versus a $15.9 M loss last year. Operating cash flow climbed 24% to $571 M, driving free cash flow of $553 M. Cash, equivalents and marketable securities total $2.66 B, supplemented by an undrawn $500 M revolver.
Share-based compensation remained sizable at $227 M (23% of Q2 revenue). The company repurchased 6.6 M Class A shares for $228 M at $34.71 average; $1.67 B remains under its $2 B authorization.
Operating trends: ad impressions +55% while average ad price -25%; Europe (+34%) and Rest-of-World (+65%) outpaced U.S./Canada (+11%) in revenue growth. Management cites AI product investment, international monetisation and fulfillment of the remaining $766 M AWS spend commitment as ongoing priorities. No material liquidity, legal or going-concern issues disclosed.