0001506293-26-000021
SEC filingPinterest, Inc. (PINS) reported strong FY 2025 results with revenue of $4.22B, driving operating income of $319.9M and net income of $416.9M, a significant profitability milestone. Total costs and expenses were $3.90B, including cost of revenue at $841.5M, R&D at $1.43B, sales and marketing at $1.17B, and G&A at $466.2M. Interest income net contributed $110.5M, boosting pre-tax income to $445.9M after a $29.0M tax provision. Balance sheet strengthened with total assets of $5.49B, current assets $3.56B including $969.3M cash equivalents and $1.50B marketable securities, against $465.5M current liabilities. Stockholders' equity reached $4.75B with retained earnings turning positive at $128.7M. Operating cash flow was robust at $1.28B, though financing outflows of $1.32B from $927.0M stock repurchases and $399.0M tax withholdings led to a $165.9M net cash decrease. Investing activities used $134.5M net. Diluted EPS stood at $1 with 687.8M shares. These results highlight Pinterest's path to sustained profitability and capital return focus.
Pinterest, Inc. delivered robust FY 2025 financial performance, achieving revenue of $4.22B and marking a key profitability inflection. Income from operations reached $319.9M, up from prior loss-making periods implied by positive retained earnings shift to $128.7M. Net income stood at $416.9M after $110.5M interest income net and $15.5M other income, with a $29.0M tax provision yielding pre-tax income of $445.9M. Diluted EPS was $1 on 687.8M weighted shares, basic $1 on 674.7M shares. Total costs and expenses totaled $3.90B. Balance sheet total assets were $5.49B, with stockholders' equity at $4.75B including $4.61B additional paid-in capital. No prior year figures directly provided, but share counts declined (Class A 584,866 vs 593,462; Class B 79,680 vs 82,471), reflecting buybacks. Cash position solid at $969.3M equivalents plus $1.50B marketable securities.
Revenue totaled $4.22B for the year ended December 31, 2025. No segment breakdowns or geographic mix disclosed in the filing. Growth drivers not specified in provided data. Accounts receivable net at $997.8M reflects strong collections, with $104.4M improvement in cash flow.
Operating margin calculated at 7.6% ($319.9M / $4.22B). Cost of revenue $841.5M implies gross profit of $3.38B (80.1% gross margin). OpEx dominated by R&D $1.43B (34%), sales/marketing $1.17B (28%), G&A $466.2M (11%). Share-based compensation $880.5M significant non-cash expense. No prior year margins for comparison. Profitability supported by interest income $110.5M.
Net cash from operations $1.28B, driven by $416.9M net income, $880.5M share-based comp, $104.4M AR improvement, offset by working capital changes. Capex $32.4M; net investing outflow $134.5M after marketable securities activity. Financing used $1.32B, primarily $927.0M Class A repurchases and $399.0M tax withholdings. Net cash decrease $165.9M; ending total cash/restricted $1.62B ($969.3M cash equiv + $6.0M restricted). Total liabilities $746.9M, no debt noted; current ratio strong at 7.6x. Liquidity robust with $3.56B current assets vs $465.5M liabilities.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing content.