PINS NYSE Interactive Home Entertainment Financials FY2017βFY2025
Pinterest runs a free app and website where people search for and save images and videos, called Pins, for ideas such as recipes, outfits, home projects or trips. Users sort Pins onto boards and can click through to buy products they find. Pinterest says 619 million people use it each month across more than 100 countries, about two-thirds of them women.
Hi! I read Pinterestβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+15.8%
Yes. Sales grew 15.8% last year.
Does it make a profit?
9.9%
A little. It keeps 9.9% of every sale as profit.
Does profit turn into cash?
29.7%
Yes. 29.7% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
65.6x
One share costs 65.6 times its yearly profit per share. Typical for its sector: 17.1x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
About these figures. Pinterest reports no borrowings (its credit line is undrawn), so debt is counted as zero.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Pinterest did it, and the next one. Share prices often move a lot on those days.
Next results
October 29, 2026
Thursday Β· in 3 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 4, 2026 | Q2 '26 | After the market closes | 8-K β |
| Apr 30, 2026 | Q1 '26 | Time not announced | 8-K β |
| Feb 12, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 4, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 7, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 8, 2025 | Q1 '25 | After the market closes | 8-K β |
| Feb 6, 2025 | Q4 '24 | After the market closes | 8-K β |
| Nov 7, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Pinterest had $4.2B of revenue in fiscal 2025, up 15.8% on the year before. Over five years, revenue changed +20.1% a year on average. Its operating margin was 7.6%, up 2.7Β pts: of every 100 in sales, about 8 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Pinterest made $417M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $1.3B in fiscal 2025, 29.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Pinterest returned $927M to shareholders in fiscal 2025, 74% of free cash flow. The diluted share count fell 1.5%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $8.6M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$8.6M
4 insiders
Of sales under plans
100%
$8.6M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 21, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $22.94 | $1.1M | Form 4 |
| Oct 21, 2026 | Gokul RajaramDirector | Sold plan | 1,050 | $22.84 | $0.0M | Form 4 |
| Oct 20, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $22.56 | $1.1M | Form 4 |
| Oct 14, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $22.02 | $1.0M | Form 4 |
| Oct 13, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $21.56 | $1.0M | Form 4 |
| Oct 7, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $20.07 | $0.9M | Form 4 |
| Oct 6, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $19.66 | $0.9M | Form 4 |
| Oct 5, 2026 | Claude Leonard BrownChief Business Officer | Sold plan | 12,240 | $20.00 | $0.2M | Form 4 |
| Oct 5, 2026 | Gokul RajaramDirector | Sold plan | 1,050 | $20.00 | $0.0M | Form 4 |
| Sep 30, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $18.72 | $0.9M | Form 4 |
| Sep 29, 2026 | Benjamin SilbermannDirector, 10% owner | Sold plan | 46,875 | $18.33 | $0.9M | Form 4 |
| Sep 24, 2026 | Donnelly Julia BrauChief Financial Officer | Sold plan | 29,548 | $18.61 | $0.5M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Pinterest has $2.5B more cash than debt.
Cash, debt and the ratios that show how comfortably Pinterest can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.5B | $2.7B | $2.5B | $2.5B | $2.5B |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net debt / EBITDA | β7.0x | β | β | β12.5x | β7.2x |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 12.3x | 9.1x | 10.5x | 8.8x | 7.6x |
| Quick ratio | 12.3x | 9.1x | 10.5x | 8.8x | 7.6x |
| Total assets | $3.5B | $3.9B | $3.6B | $5.3B | $5.5B |
| Total liabilities | $499M | $581M | $504M | $592M | $747M |
| Shareholders' equity | $3.0B | $3.3B | $3.1B | $4.8B | $4.7B |
| Net debt (β = net cash) | β$2.5B | β$2.7B | β$2.5B | β$2.5B | β$2.5B |
KIRA Β· Its return on capital was 13.2%: every 100 invested in the business earned about 13 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Pinterest passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 5 / 9 | 5 / 9 | 5 / 9 |
| Accruals ratio | β17.4% | 20.1% | β16.0% |
| Altman Z'' | 9.77 | 12.27 | 10.83 |
What does the share cost, and how does it compare?
KIRA Β· At $22.32 a share, the company is worth $12.6B: 65.6 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of $2.5B and divides by 687.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 65.6x Β· peers β Β· sector 17.1x.
KIRA Β· Pinterest grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 0 of 1.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Pinterest PINS | $12.6B | 15.8% | 7.6% | 29.7% | 13.2% | 65.6x | 5 | |
| Roblox RBLX | $37.9B | 35.8% | β25.2% | 27.7% | β | β | 6 | Compare β |
| Take-Two Interactive TTWO | $37.9B | 18.2% | β1.6% | 6.9% | β2.0% | β | 7 | Compare β |
| TKO Group TKO | $13.1B | β3.1% | 17.6% | β | 5.9% | β | 5 | Compare β |
| Roku ROKU | $24.1B | 15.2% | β0.1% | 10.1% | β | 67.5x | 6 | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $473M | $756M | $1.1B | $1.7B | $2.6B | $2.8B | $3.1B | $3.6B | $4.2B |
| Gross profit | $294M | $514M | $784M | $1.2B | $2.0B | $2.1B | $2.4B | $2.9B | $3.4B |
| Research and development | $208M | $252M | $1.2B | $606M | $780M | $949M | $1.1B | $1.2B | $1.4B |
| Operating income | β$138M | β$74.7M | β$1.4B | β$143M | $326M | β$102M | β$126M | $180M | $320M |
| Pretax income | β$130M | β$62.6M | β$1.4B | β$127M | $321M | β$85.9M | β$16.4M | $288M | $446M |
| Income tax | $0.3M | $0.4M | $0.5M | $1.3M | $4.5M | $10.1M | $19.2M | β$1.6B | $29.0M |
| Net income | β$130M | β$63.0M | β$1.4B | β$128M | $316M | β$96.0M | β$35.6M | $1.9B | $417M |
| Diluted EPS | β$1.03 | β$0.50 | β$3.24 | β$0.22 | $0.46 | β$0.14 | β$0.05 | $2.67 | $0.61 |
| Diluted shares | 0.13B | 0.13B | 0.42B | 0.60B | 0.69B | 0.67B | 0.67B | 0.70B | 0.69B |
| Cash flow | |||||||||
| Cash from operations | β$103M | β$60.4M | $0.7M | $28.8M | $753M | $469M | $613M | $965M | $1.3B |
| Capital expenditure | $41.2M | $22.2M | $33.8M | $17.4M | $9.0M | $29.0M | $8.1M | $24.6M | $32.4M |
| Free cash flow | β$144M | β$82.6M | β$33.1M | $11.4M | $744M | $440M | $605M | $940M | $1.3B |
| Depreciation and amortization | $16.1M | $20.9M | $27.8M | $37.0M | $27.5M | $46.5M | $21.5M | $21.3M | $25.2M |
| Stock-based compensation | $28.8M | $14.9M | $1.4B | $321M | $415M | $497M | $648M | $766M | $881M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $36.9M | $86.1M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $500M | $600M | $927M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $500M | $600M | $927M |
| Balance sheet | |||||||||
| Cash and short-term investments | $71.5M | $628M | $1.7B | $1.8B | $2.5B | $2.7B | $2.5B | $2.5B | $2.5B |
| Total debt | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | β | $889M | $2.1B | $2.4B | $3.2B | $3.5B | $3.3B | $3.5B | $3.6B |
| Current liabilities | β | $108M | $176M | $205M | $260M | $381M | $317M | $398M | $466M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | β | $81.5M | $92.0M | $69.4M | $53.4M | $59.6M | $32.2M | $45.6M | $66.5M |
| Total assets | β | $1.2B | $2.4B | $2.6B | $3.5B | $3.9B | $3.6B | $5.3B | $5.5B |
| Total liabilities | β | $282M | $370M | $367M | $499M | $581M | $504M | $592M | $747M |
| Shareholders' equity | β$547M | β$595M | $2.0B | $2.2B | $3.0B | $3.3B | $3.1B | $4.8B | $4.7B |
| Margins | |||||||||
| Gross margin | 62.2% | 68.0% | 68.6% | 73.5% | 79.5% | 75.8% | 77.5% | 79.4% | 80.1% |
| Operating margin | β29.2% | β9.9% | β121.5% | β8.4% | 12.7% | β3.6% | β4.1% | 4.9% | 7.6% |
| EBITDA margin | β25.8% | β7.1% | β119.1% | β6.2% | 13.7% | β2.0% | β3.4% | 5.5% | 8.2% |
| Net margin | β27.5% | β8.3% | β119.1% | β7.6% | 12.3% | β3.4% | β1.2% | 51.1% | 9.9% |
| FCF margin | β30.5% | β10.9% | β2.9% | 0.7% | 28.9% | 15.7% | 19.8% | 25.8% | 29.7% |
| Returns | |||||||||
| Return on capital | β | β | β | β28.4% | 61.8% | β14.1% | β17.1% | 12.8% | 13.2% |
| Return on capital employed | β | β | β85.2% | β6.2% | 11.5% | β3.0% | β3.7% | 4.4% | 6.4% |
| Return on equity | β | β | β190.5% | β6.0% | 12.0% | β3.0% | β1.1% | 47.5% | 8.8% |
| Return on assets | β | β | β76.8% | β5.1% | 10.3% | β2.6% | β1.0% | 41.7% | 7.7% |
| Growth | |||||||||
| Revenue growth | β | 59.9% | 51.2% | 48.1% | 52.3% | 8.7% | 9.0% | 19.4% | 15.8% |
| Net income growth | β | β | β | β | β | β130.4% | β | β | β77.6% |
| EPS growth | β | β | β | β | β | β130.4% | β | β | β77.2% |
| FCF growth | β | β | β | β | 6,411.0% | β40.8% | 37.4% | 55.4% | 33.2% |
| Share count change | β | 0.4% | 230.8% | 41.8% | 16.0% | β3.8% | 1.3% | 3.5% | β1.5% |
| Financial health | |||||||||
| Net debt / EBITDA | β | β | β | β | β7.0x | β | β | β12.5x | β7.2x |
| Debt / equity | β | β | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | β | 8.2x | 11.7x | 11.5x | 12.3x | 9.1x | 10.5x | 8.8x | 7.6x |
| Quick ratio | β | 8.2x | 11.7x | 11.5x | 12.3x | 9.1x | 10.5x | 8.8x | 7.6x |
| Capital allocation | |||||||||
| Capex / revenue | 8.7% | 2.9% | 3.0% | 1.0% | 0.4% | 1.0% | 0.3% | 0.7% | 0.8% |
| Stock comp / revenue | 6.1% | 2.0% | 120.6% | 19.0% | 16.1% | 17.7% | 21.2% | 21.0% | 20.9% |
| Payouts / FCF | β | β | β | 0.0% | 0.0% | 0.0% | 82.7% | 63.9% | 74.1% |
| Quality scores | |||||||||
| Piotroski F-score | β | β | β | 4.0 | 7.0 | 3.0 | 5.0 | 5.0 | 5.0 |
| Altman Z'' | β | β0.6 | 4.0 | 8.5 | 10.6 | 9.2 | 9.8 | 12.3 | 10.8 |
| Accruals ratio | β | β | β76.8% | β6.3% | β14.2% | β15.3% | β17.4% | 20.1% | β16.0% |
Source: SEC EDGAR XBRL filings (CIK 0001506293). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
