PINTEREST, INC.
For the period ended Mar 31, 2026. Filed May 4, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed May 4, 2026
PINS$18.95-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income (loss) | $(73,587) | $8,922 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 8,826 | 5,848 |
| Share-based compensation | 231,446 | 187,426 |
| Deferred income taxes | 5,334 | (22,074) |
| Net amortization of investment premium and discount | (3,221) | (5,408) |
| Other | (6,891) | 760 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 195,004 | 185,081 |
| Prepaid expenses and other assets | (21,975) | 961 |
| Operating lease right-of-use assets | 10,601 | 7,222 |
| Accounts payable | (83,569) | 13,036 |
| Accrued expenses and other liabilities | 76,864 | (10,402) |
| Operating lease liabilities | (10,809) | (7,666) |
| Net cash provided by operating activities | 328,023 | 363,706 |
| Investing activities | ||
| Purchases of property and equipment | (16,341) | (7,289) |
| Purchases of marketable securities | (228,649) | (415,336) |
| Sales of marketable securities | 403,890 | 2,350 |
| Maturities of marketable securities | 400,939 | 432,224 |
| Acquisition of business, net of cash acquired | (446,954) | — |
| Net cash provided by investing activities | 112,885 | 11,949 |
| Financing activities | ||
| Proceeds from exercise of stock options, net | — | 8,053 |
| Repurchases of Class A common stock | (1,946,308) | (175,000) |
| Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards | (68,899) | (93,754) |
| Proceeds from issuance of convertible notes, net of issuance costs(1) | 984,985 | — |
| Other financing activities | (1,890) | — |
| Net cash used in financing activities | (1,032,112) | (260,701) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (72) | 902 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (591,276) | 115,856 |
| Cash, cash equivalents and restricted cash, beginning of period | 975,362 | 1,141,221 |
| Cash, cash equivalents and restricted cash, end of period | $384,086 | $1,257,077 |
| Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets | ||
| Cash and cash equivalents | $378,077 | $1,252,310 |
| Restricted cash included in other assets | 6,009 | 4,767 |
| Total cash, cash equivalents and restricted cash | $384,086 | $1,257,077 |
(1)Includes amounts attributable to related party transactions. Refer to Note 12 of our condensed consolidated financial statements for further information on related party arrangements.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Supplemental cash flow information | ||
|---|---|---|
| Cash paid during the period for: | ||
| Cash paid for income taxes, net | $3,932 | $8,796 |
| Non-cash investing and financing activities: | ||
| Repurchases of Class A common stock and excise tax accrued in current liabilities | $35,296 | $— |
| Convertible notes - related party, net issuance costs in accrued expenses and other current liabilities | $5,091 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.