NYSE: PINS
PINTEREST, INC.CIK 0001506293 · SIC 7370 · Computer & Data Processing
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revenue $1.18B, net income -$46.7M. up to buyback executed; operating loss widened to on restructuring and SBC surge
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Pinterest reports Q2 2026 revenue of $1.18B (+18% YoY), 640M MAUs, and $2B in buybacks YTD
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Pinterest shareholders approve board slate, executive pay at 2026 annual meeting
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revenue $1.01B, net income -$73.6M. Pinterest swings to loss on restructuring, deploys for buybacks via debt
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Pinterest reports Q1 2026 earnings; Chief Accounting Officer resigns effective May 8
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Latest financial statements
From 10-Q filed Aug 4, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 1,179,654 | 998,227 | 2,187,168 | 1,853,215 |
| Costs and expenses: | ||||
| Cost of revenue | 257,354 | 203,009 | 495,906 | 402,279 |
| Research and development | 451,010 | 359,624 | 831,799 | 691,289 |
| Sales and marketing | 374,273 | 313,075 | 692,124 | 566,995 |
| General and administrative | 137,880 | 126,849 | 241,397 | 232,459 |
| Restructuring | 14,335 | — | 61,432 | — |
| Total costs and expenses | 1,234,852 | 1,002,557 | 2,322,658 | 1,893,022 |
| Loss from operations | (55,198) | (4,330) | (135,490) | (39,807) |
| Interest income (expense), net | 7,334 | 28,022 | 25,120 | 55,315 |
| Other income (expense), net | (1,295) | 10,960 | (2,289) | 15,479 |
| Income (loss) before provision for (benefit from) income taxes | (49,159) | 34,652 | (112,659) | 30,987 |
| Provision for (benefit from) income taxes | (2,490) | (4,103) | 7,597 | (16,690) |
| Net income (loss) | (46,669) | 38,755 | (120,256) | 47,677 |
| Net income (loss) per share: | ||||
| Basic | (0.08) | 0.06 | (0.20) | 0.07 |
| Diluted | (0.08) | 0.06 | (0.20) | 0.07 |
| Weighted-average shares used in computing net income (loss) per share: | ||||
| Basic | 562,913 | 676,852 | 599,629 | 676,688 |
| Diluted | 562,913 | 689,837 | 599,629 | 689,598 |
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands, except par value)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 422,484 | 969,342 |
| Marketable securities | 852,417 | 1,497,811 |
| Accounts receivable, net | 932,000 | 997,849 |
| Prepaid expenses and other current assets | 116,446 | 90,735 |
| Total current assets | 2,323,347 | 3,555,737 |
| Property and equipment, net | 97,447 | 66,451 |
| Operating lease right-of-use assets | 143,050 | 150,399 |
| Intangible assets, net | 83,037 | 6,083 |
| Goodwill | 475,290 | 100,227 |
| Deferred tax assets | 1,616,367 | 1,592,153 |
| Other assets | 20,840 | 21,082 |
| Total assets | 4,759,378 | 5,492,132 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 145,148 | 129,810 |
| Accrued expenses and other current liabilities | 464,663 | 335,663 |
| Total current liabilities | 609,811 | 465,473 |
| Convertible notes, net (1) | 981,128 | — |
| Operating lease liabilities | 215,507 | 220,581 |
| Other liabilities | 59,034 | 60,840 |
| Total liabilities | 1,865,480 | 746,894 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 490,712 and 584,866 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 74,785 and 79,680 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 6 | 7 |
| Additional paid-in capital | 2,886,635 | 4,612,205 |
| Accumulated other comprehensive income (loss) | (1,180) | 4,333 |
| Retained earnings | 8,437 | 128,693 |
| Total stockholders’ equity | 2,893,898 | 4,745,238 |
| Total liabilities and stockholders’ equity | 4,759,378 | 5,492,132 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating activities | ||
| Net income (loss) | (120,256) | 47,677 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 20,611 | 11,938 |
| Share-based compensation | 555,963 | 414,660 |
| Deferred income taxes | (1,368) | (27,999) |
| Non-cash charitable contributions | 12,198 | 13,495 |
| Net amortization of investment premium and discount | (5,428) | (9,513) |
| Other | (570) | 16,892 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 95,004 | 135,297 |
| Prepaid expenses and other assets | (27,746) | (22,853) |
| Operating lease right-of-use assets | 19,730 | 14,245 |
| Accounts payable | (8,433) | 8,752 |
| Accrued expenses and other liabilities | 102,417 | (14,285) |
| Operating lease liabilities | (21,214) | (16,907) |
| Net cash provided by operating activities | 620,908 | 571,399 |
| Investing activities | ||
| Purchases of property and equipment | (39,293) | (18,299) |
| Purchases of marketable securities | (438,808) | (878,311) |
| Sales of marketable securities | 436,611 | 12,890 |
| Maturities of marketable securities | 647,214 | 809,600 |
| Acquisition of business, net of cash acquired | (446,954) | — |
| Net cash provided by (used in) investing activities | 158,770 | (74,120) |
| Financing activities | ||
| Proceeds from exercise of stock options, net | — | 8,053 |
| Repurchases of Class A common stock | (2,024,886) | (227,626) |
| Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards | (180,532) | (199,468) |
| Proceeds from issuance of convertible notes, net of issuance costs (1) | 979,894 | — |
| Purchase of capped calls related to convertible notes | (99,187) | — |
| Other financing activities | (1,890) | — |
| Net cash used in financing activities | (1,326,601) | (419,041) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 50 | 2,278 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (546,873) | 80,516 |
| Cash, cash equivalents and restricted cash, beginning of period | 975,362 | 1,141,221 |
| Cash, cash equivalents and restricted cash, end of period | 428,489 | 1,221,737 |
| Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets | ||
| Cash and cash equivalents | 422,484 | 1,216,941 |
| Restricted cash included in other assets | 6,005 | 4,796 |
| Total cash, cash equivalents and restricted cash | 428,489 | 1,221,737 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (In thousands, except par value); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗