PINS financial statements

The full income statement, balance sheet, and cash-flow statement for Pinterest Inc. (PINS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 708.3M2024-09 695.5M2024-12 688.2M2025-03 689.4M2025-06 689.8M2025-09 694.5M2025-12 677.3M2026-03 566.3M2026-06 566.3M-20.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.22B YoY+15.8%	3.65B YoY+19.3%	3.06B YoY+9.0%	2.80B YoY+8.7%	2.58B YoY+52.3%
Cost of revenue	842M YoY+12.1%	750M YoY+8.9%	689M YoY+1.5%	679M YoY+28.2%	529M YoY+17.8%
Research & development	1.43B YoY+15.1%	1.24B YoY+16.1%	1.07B YoY+12.6%	949M YoY+21.6%	780M YoY+28.7%
Selling, general & administrative	466M YoY+0.6%	464M YoY-9.5%	512M YoY+49.2%	344M YoY+14.1%	301M YoY-10.6%
General & administrative	466M YoY+0.6%	464M YoY-9.5%	512M YoY+49.2%	344M YoY+14.1%	301M YoY-10.6%
Selling & marketing	1.17B YoY+15.3%	1.01B YoY+11.0%	911M YoY-2.4%	933M YoY+45.5%	641M YoY+44.8%
Restructuring	—	—	127M	—	—
Amortization of intangibles	5.80M YoY-21.6%	7.40M YoY+0.0%	7.40M YoY-70.3%	24.9M YoY+1815.4%	1.30M YoY+30.0%
Operating income	320M YoY+77.9%	180M YoY+243.1%	-126M YoY-23.6%	-102M YoY-131.2%	326M YoY+328.9%
Interest & investment income	—	—	—	30.9M YoY+636.0%	4.20M YoY-73.9%
Other non-operating income	15.5M YoY+180.7%	-19.2M YoY-605.8%	3.80M YoY+126.2%	-14.5M YoY-74.9%	-8.29M
Pre-tax income	446M YoY+55.0%	288M YoY+1849.4%	-16.4M YoY+80.9%	-85.9M YoY-126.8%	321M YoY+352.7%
Income tax	29.0M YoY+101.8%	-1.57B YoY-8313.4%	19.2M YoY+89.7%	10.1M YoY+122.9%	4.53M YoY+247.9%
Net income	417M YoY-77.6%	1.86B YoY+5329.2%	-35.6M YoY+62.9%	-96.0M YoY-130.4%	316M YoY+346.6%
	$0.61 YoY-77.2%	$2.67 YoY+5440.0%	-$0.05 YoY+64.3%	-$0.14 YoY-130.4%	$0.46 YoY+309.1%
EPS (basic)	$0.62 YoY-77.4%	$2.74 YoY+5580.0%	-$0.05 YoY+64.3%	-$0.14 YoY-128.6%	$0.49 YoY+322.7%
	675M YoY-0.6%	679M YoY+0.6%	675M YoY+1.3%	666M YoY+4.0%	640M YoY+7.3%
	688M YoY-1.5%	698M YoY+3.5%	675M YoY+1.3%	666M YoY-3.7%	692M YoY+16.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.56B YoY+2.0%	3.48B YoY+4.4%	3.34B YoY-3.4%	3.45B YoY+8.6%	3.18B YoY+35.0%
Cash & equivalents	969M YoY-14.7%	1.14B YoY-16.6%	1.36B YoY-15.5%	1.61B YoY+13.5%	1.42B YoY+112.1%
Accounts receivable	998M YoY+11.7%	893M YoY+17.1%	763M YoY+12.0%	682M YoY+4.3%	653M YoY+15.9%
Prepaid expenses	90.7M YoY+15.7%	78.4M YoY+22.0%	64.3M YoY-14.2%	74.9M YoY+55.8%	48.1M YoY+43.5%
	5.49B YoY+2.8%	5.34B YoY+48.6%	3.59B YoY-6.9%	3.86B YoY+9.2%	3.54B YoY+35.6%
Property, plant & equipment	66.5M YoY+45.6%	45.6M YoY+41.6%	32.2M YoY-45.9%	59.6M YoY+11.6%	53.4M YoY-23.0%
Operating lease right-of-use	150M YoY+75.2%	85.9M YoY-6.8%	92.1M YoY-55.3%	206M YoY-9.5%	228M YoY+46.2%
Goodwill	100M	—	—	100M YoY+149.3%	40.2M YoY+482.3%
Intangible assets	6.08M YoY-38.4%	9.88M YoY-42.7%	17.2M YoY-29.9%	24.6M YoY+17.6%	20.9M YoY+214.1%
Deferred tax assets	1.59B YoY-0.6%	1.60B YoY-47.7%	3.07B	—	—
Other non-current assets	21.1M YoY+52.5%	13.8M YoY+25.9%	11.0M YoY-36.9%	17.4M YoY+31.4%	13.2M YoY+1.4%
	465M YoY+16.9%	398M YoY+25.6%	317M YoY-16.7%	381M YoY+46.5%	260M YoY+26.8%
Accounts payable	130M YoY+54.5%	84.0M YoY+6.3%	79.1M YoY-10.1%	87.9M YoY+397.4%	17.7M YoY-64.3%
Accrued liabilities	336M YoY+6.9%	314M YoY+32.0%	238M YoY-18.7%	293M YoY+20.8%	242M YoY+55.9%
Deferred revenue	47.5M YoY+103.0%	23.4M YoY+53.0%	15.3M	—	—
Current lease liability	41.4M YoY+20.4%	34.4M YoY-3.5%	35.7M YoY-29.1%	50.3M YoY+20.6%	41.7M YoY-4.4%
	747M YoY+26.3%	592M YoY+17.4%	504M YoY-13.3%	581M YoY+16.6%	498M YoY+35.8%
Non-current lease liability	221M YoY+45.7%	151M YoY-5.8%	161M YoY-10.1%	179M YoY-14.6%	209M YoY+50.1%
Operating lease liability (total)	262M YoY+41.0%	186M YoY-5.3%	196M YoY-14.3%	229M YoY-8.7%	251M YoY+37.1%
Other non-current liabilities	60.8M YoY+44.8%	42.0M YoY+61.5%	26.0M YoY+19.1%	21.9M YoY-25.9%	29.5M YoY+28.7%
	4.75B YoY-0.1%	4.75B YoY+53.7%	3.09B YoY-5.8%	3.28B YoY+8.0%	3.04B YoY+35.5%
Common stock	7.00K YoY+0.0%	7.00K YoY+0.0%	7.00K YoY+0.0%	7.00K YoY+0.0%	7.00K YoY+16.7%
Additional paid-in capital	4.61B YoY-8.5%	5.04B YoY-3.9%	5.24B YoY-3.1%	5.41B YoY+6.9%	5.06B YoY+10.6%
Retained earnings	129M YoY+144.7%	-288M YoY+86.6%	-2.15B YoY-1.7%	-2.11B YoY-4.8%	-2.02B YoY+13.6%
Accumulated other comprehensive income	4.33M YoY+3433.1%	-130K YoY+87.2%	-1.01M YoY+91.1%	-11.4M YoY-423.6%	-2.18M YoY-187.9%
Total liabilities & equity	5.49B YoY+2.8%	5.34B YoY+48.6%	3.59B YoY-6.9%	3.86B YoY+9.2%	3.54B YoY+35.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.28B YoY+33.1%	965M YoY+57.4%	613M YoY+30.6%	469M YoY-37.7%	753M YoY+2511.9%
Depreciation & amortization	25.2M YoY+18.3%	21.3M YoY-1.1%	21.5M YoY-53.7%	46.5M YoY+69.1%	27.5M YoY-25.7%
Intangible amortization	5.80M YoY-21.6%	7.40M YoY+0.0%	7.40M YoY-70.3%	24.9M YoY+1815.4%	1.30M YoY+30.0%
Share-based compensation	880M YoY+15.0%	766M YoY+18.2%	648M YoY+30.3%	497M YoY+19.7%	415M YoY+29.4%
Deferred income taxes	10.5M YoY+100.7%	-1.60B YoY-86974.8%	-1.84M YoY+45.0%	-3.34M YoY-360.0%	-727K YoY-236.4%
Change in receivables	104M YoY-19.0%	129M YoY+59.6%	80.8M YoY+179.9%	28.9M YoY-67.5%	88.9M YoY-64.9%
Change in payables	42.9M YoY+1020.7%	3.83M YoY+141.3%	-9.26M YoY-113.1%	70.8M YoY+311.6%	-33.5M YoY-312.8%
	-134M YoY+39.2%	-221M YoY-497.5%	-37.0M YoY+71.2%	-128M YoY-396.0%	-25.9M YoY+45.7%
Capital expenditure	32.4M YoY+31.6%	24.6M YoY+205.2%	8.06M YoY-72.2%	29.0M YoY+220.9%	9.03M YoY-48.1%
Free cash flow	1.25B YoY+33.2%	940M YoY+55.4%	605M YoY+37.4%	440M YoY-40.8%	744M YoY+6410.9%
Acquisitions	0.00	0.00	0.00 YoY-100.0%	86.1M YoY+133.1%	36.9M
Sales/maturities of investments	1.43B YoY+11.0%	1.29B YoY+3.9%	1.24B YoY+23.4%	1.01B YoY+18.6%	850M YoY-7.7%
Other investing activities	—	—	—	0.00	0.00 YoY+100.0%
	-1.32B YoY-36.1%	-968M YoY-17.1%	-827M YoY-455.1%	-149M YoY-772.0%	22.2M YoY+12.9%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	927M YoY+54.5%	600M YoY+20.0%	500M	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	—	—	0.00	0.00 YoY+100.0%	-1.75M YoY+0.0%
FX effect on cash	2.30M YoY+189.6%	-2.57M YoY-254.1%	1.67M YoY+216.2%	-1.43M YoY-35.5%	-1.06M YoY-423.5%
Net change in cash	-166M YoY+27.0%	-227M YoY+8.8%	-249M YoY-230.7%	191M YoY-74.5%	748M YoY+63954.2%
Income taxes paid	22.4M YoY-10.6%	25.0M YoY+30.5%	19.2M YoY+91.6%	10.0M YoY+569.9%	1.49M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	17.5B YoY-12.1%	20.0B YoY-21.6%	25.5B YoY+56.6%	16.2B YoY-35.2%	25.1B YoY-38.4%
P/E	42.1× YoY+292.5%	10.7×	—	265.7× YoY+235.0%	79.3×
P/S	4.2× YoY-24.1%	5.5× YoY-36.5%	8.6× YoY+47.1%	5.9× YoY-39.8%	9.7× YoY-59.6%
P/B	3.7× YoY-12.0%	4.2× YoY-53.7%	9.1× YoY+75.5%	5.2× YoY-37.4%	8.3× YoY-54.6%
P/FCF	14.0× YoY-34.0%	21.2× YoY-66.0%	62.4× YoY+126.8%	27.5× YoY-18.5%	33.7× YoY-99.1%
	2.4% YoY-74.5%	9.3%	—	0.38% YoY-70.2%	1.3%
	7.1% YoY+51.6%	4.7% YoY+193.7%	1.6% YoY-55.9%	3.6% YoY+22.7%	3.0% YoY+10474.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PINS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PINS filings on SEC EDGAR → Not investment advice.