PINTEREST, INC.

For the period ended Jun 30, 2025. Filed Aug 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 7, 2025

PINS$18.95-0.6%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Operations

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

	Three Months Ended June 30,		Six Months EndedJune 30,
	2025	2024	2025	2024
Revenue	$998,227	$853,680	$1,853,215	$1,593,663
Costs and expenses:
Cost of revenue	203,009	184,856	402,279	365,947
Research and development	359,624	312,837	691,289	593,112
Sales and marketing	313,075	265,354	566,995	491,643
General and administrative	126,849	112,074	232,459	218,818
Total costs and expenses	1,002,557	875,121	1,893,022	1,669,520
Loss from operations	(4,330)	(21,441)	(39,807)	(75,857)
Interest income (expense), net	28,022	34,680	55,315	65,946
Other income (expense), net	10,960	(4,596)	15,479	(9,122)
Income (loss) before benefit from income taxes	34,652	8,643	30,987	(19,033)
Benefit from income taxes	(4,103)	(244)	(16,690)	(3,108)
Net income (loss)	$38,755	$8,887	$47,677	$(15,925)
Net income (loss) per share:
Basic	$0.06	$0.01	$0.07	$(0.02)
Diluted	$0.06	$0.01	$0.07	$(0.02)
Weighted-average shares used in computing net income (loss) per share:
Basic	676,852	683,171	676,688	680,995
Diluted	689,837	708,258	689,598	680,995

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.