PINTEREST, INC. PINS
Pinterest is an AI-powered visual search and discovery platform, positioned at the intersection of search, social, and commerce. We offer a unique and differentiated experience that enables people to go from inspiration to action all on one consumer internet property. Pinterest can be accessed through our mobile application or the web.
People use Pinterest to find useful, relevant ideas—and then bring them to life. People don't always have the words to describe what they're looking for, but often know it when they see it. As they browse Pinterest content (called "Pins"), they fine-tune their tastes and find the perfect idea. Users interact with the platform in dynamic multi-session journeys to find inspiration, curate their latest look, plan their next project and shop from great brands. This happens at a massive scale, with billions of searches and saves per month, with the vast majority of queries being visual.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.22B | $3.65B | $3.06B | $2.80B | $2.58B | $1.69B | $1.14B | $755.9M | $472.9M | — |
| Cost of revenue | $841.5M | $750.4M | $688.8M | $678.6M | $529.3M | $449.4M | $358.9M | $241.6M | $178.7M | — |
| Gross profit | $3.38B | $2.90B | $2.37B | $2.12B | $2.05B | $1.24B | $783.9M | $514.3M | $294.2M | — |
| R&D | $1.43B | $1.24B | $1.07B | $949.0M | $780.3M | $606.2M | $1.21B | $251.7M | $208.0M | — |
| SG&A | $466.2M | $463.7M | $512.4M | $343.5M | $301.0M | $336.8M | $354.1M | $77.5M | $61.6M | — |
| Total operating expenses | $3.90B | $3.47B | $3.18B | $2.90B | $2.25B | $1.84B | $2.53B | $830.7M | $610.8M | — |
| Operating income | $319.9M | $179.8M | -$125.7M | -$101.7M | $326.2M | -$142.5M | -$1.39B | -$74.7M | -$137.9M | — |
| Pre-tax income | $445.9M | $287.6M | -$16.4M | -$85.9M | $321.0M | -$127.0M | -$1.36B | -$62.6M | -$129.7M | — |
| Income tax | $29.0M | $1.57B | $19.2M | $10.1M | $4.5M | $1.3M | $532.0K | $410.0K | $311.0K | — |
| Net income | $416.9M | $1.86B | -$35.6M | -$96.0M | $316.4M | -$128.3M | -$1.36B | -$63.0M | -$130.0M | — |
| EPS, basic | 0.62 | 2.74 | -0.05 | -0.14 | 0.49 | -0.22 | -3.24 | — | — | — |
| EPS, diluted | 0.61 | 2.67 | -0.05 | -0.14 | 0.46 | -0.22 | -3.24 | -0.50 | -1.03 | — |
| Shares, diluted (wtd. avg.) | 687.8M | 698.4M | 674.6M | 665.7M | 691.7M | 596.3M | 420.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $969.3M | $1.14B | $1.36B | $1.62B | $1.43B | $678.9M | $677.7M | $135.3M | $84.0M | $93.7M |
| Short-term investments | $1.50B | $1.38B | $1.15B | $1.09B | $1.06B | $1.09B | $1.06B | $505.3M | — | — |
| Receivables | $997.8M | $893.4M | $763.2M | $681.5M | $653.4M | $563.7M | $316.4M | $221.9M | — | — |
| Total current assets | $3.56B | $3.48B | $3.34B | $3.45B | $3.18B | $2.36B | $2.07B | $889.4M | — | — |
| Property, plant and equipment | $66.5M | $45.6M | $32.2M | $59.6M | $53.4M | $69.4M | $92.0M | $81.5M | — | — |
| Goodwill | — | — | — | $100.2M | $40.2M | $6.9M | — | — | — | — |
| Other intangibles | $6.1M | $9.9M | $17.2M | $24.6M | $20.9M | $6.7M | $7.7M | $7.2M | — | — |
| Total assets | $5.49B | $5.34B | $3.59B | $3.86B | $3.54B | $2.61B | $2.39B | $1.15B | — | — |
| Accounts payable | $129.8M | $84.0M | $79.1M | $87.9M | $17.7M | $49.5M | $34.3M | $22.2M | — | — |
| Total current liabilities | $465.5M | $398.1M | $317.1M | $380.5M | $259.8M | $204.8M | $176.2M | $108.4M | — | — |
| Total liabilities | $746.9M | $591.5M | $503.7M | $581.1M | $498.5M | $367.1M | $369.6M | $281.9M | — | — |
| Retained earnings | $128.7M | -$288.2M | -$2.15B | -$2.11B | -$2.02B | -$2.34B | -$2.21B | -$845.4M | — | — |
| Total equity | $4.75B | $4.75B | $3.09B | $3.28B | $3.04B | $2.24B | $2.02B | -$594.6M | -$546.5M | -$448.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.28B | $964.6M | $613.0M | $469.2M | $752.9M | $28.8M | $657.0K | -$60.4M | -$102.9M | — |
| Depreciation and amortisation | $25.2M | $21.3M | $21.5M | $46.5M | $27.5M | $37.0M | $27.8M | $20.9M | $16.1M | — |
| Stock-based compensation | $880.5M | $765.8M | $647.9M | $497.1M | $415.4M | $321.0M | $1.38B | $14.9M | $28.8M | — |
| Capital expenditure | $32.4M | $24.6M | $8.1M | $29.0M | $9.0M | $17.4M | $33.8M | $22.2M | $41.2M | — |
| Investing cash flow | -$134.5M | -$221.0M | -$37.0M | -$128.2M | -$25.9M | -$47.6M | -$586.5M | $114.1M | -$57.2M | — |
| Financing cash flow | -$1.32B | -$968.3M | -$826.8M | -$148.9M | $22.2M | $19.6M | $1.13B | -$2.2M | $150.3M | — |
| Buybacks | $927.0M | $600.2M | $500.0M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001506293-26-000058.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $472.9M | $755.9M | $1.14B | $1.69B | $2.58B | $2.80B | $3.06B | $3.65B | $4.22B |
| Gross profit | — | $294.2M | $514.3M | $783.9M | $1.24B | $2.05B | $2.12B | $2.37B | $2.90B | $3.38B |
| Net income | — | -$130.0M | -$63.0M | -$1.36B | -$128.3M | $316.4M | -$96.0M | -$35.6M | $1.86B | $416.9M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Unregistered share sale Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7370
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|---|---|---|---|---|
| GOOGL | Alphabet Inc. | $3.89T | 29.6x | 15.1% |
| META | Meta Platforms, Inc. | $1.63T | 27.4x | 22.2% |
| APP | AppLovin Corp | $87.39B | 26.7x | 70.0% |
| ZM | Zoom Communications, Inc. | $28.05B | 15.5x | 4.4% |
| FLUT | Flutter Entertainment plc | $13.90B | — | 16.6% |
| FDS | FACTSET RESEARCH SYSTEMS INC | $11.78B | 21.3x | 5.4% |
| DOCN | DigitalOcean Holdings, Inc. | $10.96B | 37.0x | 15.5% |
| SNAP | Snap Inc | $10.55B | — | 10.6% |