PINTEREST, INC.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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, 2026 · Filed Oct 29, 2026
PINS$18.95-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income (loss) | $(98,741) | $139,785 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 28,563 | 19,143 |
| Share-based compensation | 847,657 | 649,796 |
| Deferred income taxes | 10,293 | (36,278) |
| Non-cash charitable contributions | 12,198 | 13,495 |
| Net amortization of investment premium and discount | (7,961) | (13,636) |
| Other | 5,045 | 10,445 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 110,123 | 94,573 |
| Prepaid expenses and other assets | (54,480) | (4,970) |
| Operating lease right-of-use assets | 27,688 | 21,820 |
| Accounts payable | 2,123 | 7,611 |
| Accrued expenses and other liabilities | 84,281 | 17,508 |
| Operating lease liabilities | (30,148) | (26,241) |
| Net cash provided by operating activities | 936,641 | 893,051 |
| Investing activities | ||
| Purchases of property and equipment | (54,758) | (21,530) |
| Purchases of marketable securities | (691,521) | (1,234,446) |
| Sales of marketable securities | 438,355 | 22,648 |
| Maturities of marketable securities | 933,139 | 1,065,121 |
| Acquisition of business, net of cash acquired, and intangible assets | (449,204) | — |
| Net cash provided by (used in) investing activities | 176,011 | (168,207) |
| Financing activities | ||
| Proceeds from exercise of stock options, net | — | 8,053 |
| Repurchases of Class A common stock | (2,024,886) | (425,013) |
| Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards | (281,213) | (314,260) |
| Proceeds from issuance of convertible notes, net of issuance costs (1) | 979,894 | — |
| Purchase of capped calls related to convertible notes | (99,187) | — |
| Other financing activities | (2,265) | — |
| Net cash used in financing activities | (1,427,657) | (731,220) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2) | 2,355 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (315,007) | (4,021) |
| Cash, cash equivalents and restricted cash, beginning of period | 975,362 | 1,141,221 |
| Cash, cash equivalents and restricted cash, end of period | $660,355 | $1,137,200 |
| Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets | ||
| Cash and cash equivalents | $654,344 | $1,132,400 |
| Restricted cash included in other assets | 6,011 | 4,800 |
| Total cash, cash equivalents and restricted cash | $660,355 | $1,137,200 |
(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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental cash flow information | ||
| Cash paid for income taxes, net | $14,956 | $17,098 |
| Non-cash investing and financing activities: | ||
| Excise tax on repurchases of Class A common stock in accrued expenses and other current liabilities | $14,939 | $2,000 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $21,789 | $80,458 |
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