PINTEREST INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 8, 2024
PINS$19.06+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated statements of operations
Part II
Consolidated statements of operations
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $3,055,071 | $2,802,574 | $2,578,027 |
| Costs and expenses: | |||
| Cost of revenue | 688,760 | 678,597 | 529,320 |
| Research and development | 1,068,416 | 948,980 | 780,264 |
| Sales and marketing | 911,166 | 933,133 | 641,279 |
| General and administrative | 512,407 | 343,541 | 300,977 |
| Total costs and expenses | 3,180,749 | 2,904,251 | 2,251,840 |
| Income (loss) from operations | (125,678) | (101,677) | 326,187 |
| Interest income (expense), net | 105,439 | 30,235 | 3,075 |
| Other income (expense), net | 3,799 | (14,502) | (8,291) |
| Income (loss) before provision for income taxes | (16,440) | (85,944) | 320,971 |
| Provision for income taxes | 19,170 | 10,103 | 4,533 |
| Net income (loss) | $(35,610) | $(96,047) | $316,438 |
| Net income (loss) per share: | |||
| Basic | $(0.05) | $(0.14) | $0.49 |
| Diluted | $(0.05) | $(0.14) | $0.46 |
| Weighted-average shares used in computing net income (loss) per share: | |||
| Basic | 674,641 | 665,732 | 640,030 |
| Diluted | 674,641 | 665,732 | 691,651 |
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