Pinterest Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.22B | $3.65B | $3.06B | $2.80B | $2.58B | $1.69B | $1.14B | $755.9M |
| Cost of Revenue | $841.5M | $750.4M | $688.8M | $678.6M | $529.3M | $449.4M | $358.9M | $241.6M |
| Gross Profit | $3.38B | $2.90B | $2.37B | $2.12B | $2.05B | $1.24B | $783.9M | $514.3M |
| Gross Margin | 80.1% | 79.4% | 77.5% | 75.8% | 79.5% | 73.5% | 68.6% | 68.0% |
| Operating Expenses | ||||||||
| Research & Development | $1.43B | $1.24B | $1.07B | $949.0M | $780.3M | $606.2M | $1.21B | $251.7M |
| SG&A Expense | $466.2M | $463.7M | $512.4M | $343.5M | $301.0M | $336.8M | $354.1M | $77.5M |
| Operating Income | $319.9M | $179.8M | $-125.7M | $-101.7M | $326.2M | $-142.5M | $-1.39B | $-74.7M |
| Operating Margin | 7.6% | 4.9% | -4.1% | -3.6% | 12.7% | -8.4% | -121.5% | -9.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $445.9M | $287.6M | $-16.4M | $-85.9M | $321.0M | $-127.0M | $-1.36B | $-62.6M |
| Income Tax Expense | $29.0M | $-1.57B | $19.2M | $10.1M | $4.5M | $1.3M | $532.0K | $410.0K |
| Net Income | $416.9M | $1.86B | $-35.6M | $-96.0M | $316.4M | $-128.3M | $-1.36B | $-63.0M |
| Net Margin | 9.9% | 51.1% | -1.2% | -3.4% | 12.3% | -7.6% | -119.1% | -8.3% |
| EPS (Basic) | $0.62 | $2.74 | $-0.05 | $-0.14 | $0.49 | $-0.22 | $-3.24 | $-0.50 |
| EPS (Diluted) | $0.61 | $2.67 | $-0.05 | $-0.14 | $0.46 | $-0.22 | $-3.24 | $-0.50 |
| Shares Outstanding (Basic) | 674.7M | 678.8M | 674.6M | 665.7M | 640.0M | 596.3M | 420.5M | 127.3M |
| Shares Outstanding (Diluted) | 687.8M | 698.4M | 674.6M | 665.7M | 691.7M | 596.3M | 420.5M | 127.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |