PINTEREST, INC.

For the period ended Sep 30, 2025. Filed Nov 4, 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.

Sep 30, 2025 · Filed Nov 4, 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 September 30,		Nine Months EndedSeptember 30,
	2025	2024	2025	2024
Revenue	$1,049,205	$898,373	$2,902,420	$2,492,036
Costs and expenses:
Cost of revenue	212,325	187,453	614,604	553,400
Research and development	371,253	326,679	1,062,542	919,791
Sales and marketing	296,679	249,033	863,674	740,676
General and administrative	110,432	141,124	342,891	359,942
Total costs and expenses	990,689	904,289	2,883,711	2,573,809
Income (loss) from operations	58,516	(5,916)	18,709	(81,773)
Interest income (expense), net	28,536	32,477	83,851	98,423
Other income (expense), net	144	3,237	15,623	(5,885)
Income before benefit from income taxes	87,196	29,798	118,183	10,765
Benefit from income taxes	(4,912)	(758)	(21,602)	(3,866)
Net income	$92,108	$30,556	$139,785	$14,631
Net income per share:
Basic	$0.14	$0.05	$0.21	$0.02
Diluted	$0.13	$0.04	$0.20	$0.02
Weighted-average shares used in computing net income per share:
Basic	677,819	678,496	677,069	680,157
Diluted	694,532	695,483	691,247	701,768

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.