Pinterest PINS

NYSE · Services-Computer Programming, Data Processing, Etc. · $14.6B

$19.79−6.74%Nov 5 close · Databento

Every report since 2023 →

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PINS Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $19.791D −6.74%3M −18.79%SMA20 $21.44SMA50 $20.40RSI(14) 43.5

19.79

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 43.5

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

1 story has a settled next close so far (1 on the Wire). The record starts speaking at three.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$14.6B

EV / True FCF36.7x

Revenue$4.2B +15.8%

True FCF (ex-SBC)$371.4M +33.2%

Rule of 4045.5%

ROIC7.9%

True FCF Yield2.5%

EPS, diluted$0.61 −77.2%

Modern Valuation (EOD)

Market Cap$14.6B

Enterprise Value$13.6B

EV / True FCF36.67

EV / FCF10.88

EV / Gross Profit—

EV / EBIT42.58

EV / Sales3.23

P / E (GAAP)35.01

P / FCF11.66

P / Oper. CF11.36

P / Book3.08

Owner & Cash Yields

True FCF Yield2.5%

FCF Yield8.6%

Owner Earn. Yield-3.2%

Earnings Yield2.9%

Shareholder Yield+0.3%

Buyback Yield6.4%

Dividend Yield—

Dividend / sh—

Payout Ratio—

FCF / sh—

EPS (diluted)$0.61

Compounder & Returns

Rule of 4045.5%

ROIC7.9%

Cash ROIC (CROIC)33.2%

GP / Assets—

ROE8.8%

ROA7.6%

Gross Margin—

Oper. Margin7.6%

Net Margin9.9%

FCF Margin29.7%

True FCF Margin8.8%

Quality & Dilution

Cash Conversion300%

Accrual Ratio−15.8%

SBC % of FCF70.3%

SBC % of Rev20.9%

Reinvest. Rate114%

Sales Growth Y/Y+15.8%

Sales 3Y CAGR+14.6%

EPS Growth Y/Y−77.2%

FCF Growth Y/Y+33.2%

FCF 3Y CAGR+41.7%

Share Change Y/Y−1.5%

Balance Sheet & Scale

Revenue (FY)$4.2B

Gross Profit (FY)—

Oper. Income (FY)$319.9M

GAAP Net Income$416.9M

True FCF (ex-SBC)$371.4M

Cash & Equiv$975.4M

Total Debt—

Net Cash (Debt)$975.4M

Net Cash % MCap+6.7%

Debt / FCF (yrs)—

Current Ratio7.64

Price & Technicals (EOD)

Perf Week−0.65%

Perf Month−2.56%

Perf Quarter−16.43%

Perf Half Y−8.17%

Perf YTD−4.12%

SMA 20 Dist−7.69%$21.44

SMA 50 Dist−2.98%$20.40

SMA 100 Dist−8.10%$21.53

Window High−22.63%$25.58

Window Low+8.26%$18.28

RSI (14) · Vol43.558%v

Income Distribution & Cash Flow ConversionHow every dollar of PINS revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$841.5M ($19.9 / $100)

R&D Reinvestment$1.4B ($33.8 / $100)

Operating Expenses$1.6B ($38.7 / $100)

Tax & Non-Operating$0 ($0.0 / $100)

Net Profit Kept$416.9M ($7.6 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$416.9M (9.9% margin)

Operating Cash Flow (OCF)$1.3B(30.4% of rev)

Less: Capital Expenditures−$32.4M(0.8% of rev)

Standard Free Cash Flow (FCF)$1.3B(29.7% margin)

Less: Stock-Based Comp (SBC)−$880.5M(70.3% of FCF)

True FCF (Owner Cash ex-SBC)$371.4M(8.8% of rev)

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$2.6B	$2.8B	$3.1B	$3.6B	$4.2B	+15.8%	+13.1%
Cost of Revenue (COGS)	$529.3M	$678.6M	$688.8M	$750.4M	$841.5M	+12.1%	+12.3%
Research & Development (R&D)	$780.3M	$949.0M	$1.1B	$1.2B	$1.4B	+15.1%	+16.3%
Operating Income (EBIT)	$326.2M	$-101.7M	$-125.7M	$179.8M	$319.9M	+77.9%	−0.5%
Income Tax Expense	$4.5M	$10.1M	$19.2M	$-1.6B	$29.0M	+101.8%	+59.1%
GAAP Net Income	$316.4M	$-96.0M	$-35.6M	$1.9B	$416.9M	−77.6%	+7.1%
Diluted EPS	$0.46	$-0.14	$-0.05	$2.67	$0.61	−77.2%	+7.3%
Diluted Shares	691.7M	665.7M	674.6M	698.4M	687.8M	−1.5%	−0.1%
Balance Sheet
Cash & Equivalents	$1.4B	$1.6B	$1.4B	$1.1B	$975.4M	−14.5%	−9.1%
Total Current Assets	$3.2B	$3.5B	$3.3B	$3.5B	$3.6B	+2.0%	+2.8%
Total Assets	$3.5B	$3.9B	$3.6B	$5.3B	$5.5B	+2.8%	+11.6%
Total Current Liabilities	$259.8M	$380.5M	$317.1M	$398.1M	$465.5M	+16.9%	+15.7%
Total Liabilities	$498.5M	$581.1M	$503.7M	$591.5M	$746.9M	+26.3%	+10.6%
Stockholders' Equity	$3.0B	$3.3B	$3.1B	$4.8B	$4.7B	−0.1%	+11.8%
Net Cash / (Net Debt)	$1.4B	$1.6B	$1.4B	$1.1B	$975.4M	−14.5%	−9.1%
Invested Capital	$1.6B	$1.7B	$1.7B	$3.6B	$3.8B	+4.4%	+23.7%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$752.9M	$469.2M	$613.0M	$964.6M	$1.3B	+33.1%	+14.3%
Depreciation & Amortization (D&A)	$27.5M	$46.5M	$21.5M	$21.3M	$25.2M	+18.3%	−2.2%
Stock-Based Compensation (SBC)	$415.4M	$497.1M	$647.9M	$765.8M	$880.5M	+15.0%	+20.7%
Capital Expenditures (CapEx)	—	$29.0M	$8.1M	$24.6M	$32.4M	+31.6%	+3.8%
Free Cash Flow (FCF)	—	$440.2M	$604.9M	$940.0M	$1.3B	+33.2%	+41.7%
True FCF (ex-SBC Owner Cash)	—	$-56.9M	$-43.0M	$174.2M	$371.4M	+113.2%	—
Share Repurchases (Buybacks)	$0	$0	$500.0M	$600.2M	$927.0M	+54.5%	—

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what PINS did at the next close after each story

Aug 30

Pinterest CFO exits as company posts $4.2B revenue, 15.8% YoY growth

Yahoo Finance · 2:21 PM ET

−6.38%

What happened · big days

25 big days in a year, and what we hold on each

A big day is a close more than 5.06% from the one before, three times PINS’s median day (1.69%). On 2 of the 25, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±5.06%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayPINSWhat we hold that dayGroup (median of 4) · each

1 Nov 5, 2025−21.76%
Resultsgroup +1.9%, did not move with it
1Nov 5, 2025−21.76%
ResultsFirst close after the Nov 4 results filing
+1.9% did not move with itMETA +1.4 · APP +1.4 · GOOGL +2.4 · NBIS +5.8
2 Jan 27, 2026−9.61%
Before our storiesgroup +1.0%, did not move with it
2Jan 27, 2026−9.61%
Before our stories
+1.0% did not move with itMETA +0.1 · GOOGL +0.4 · APP +1.5 · NBIS +7.0
3 Feb 3, 2026−5.59%
Before our storiesgroup −1.6%, did not move with it
3Feb 3, 2026−5.59%
Before our stories
−1.6% did not move with itAPP −4.4 · META −2.1 · GOOGL −1.2 · NBIS +2.0
4 Feb 11, 2026−6.10%
Before our storiesgroup −2.9%, did not move with it
4Feb 11, 2026−6.10%
Before our stories
−2.9% did not move with itNBIS −3.5 · APP −3.4 · GOOGL −2.4 · META −0.3
5 Feb 13, 2026−16.83%
Resultsgroup +2.7%, did not move with it
5Feb 13, 2026−16.83%
ResultsFirst close after the Feb 12 results filing
+2.7% did not move with itMETA −1.6 · GOOGL −1.1 · APP +6.4 · NBIS +9.2
6 Feb 18, 2026+5.61%
Before our storiesgroup +2.5%, did not move with it
6Feb 18, 2026+5.61%
Before our stories
+2.5% did not move with itAPP +7.4 · NBIS +4.4 · META +0.6 · GOOGL +0.4
7 Feb 20, 2026+5.96%
Before our storiesgroup +1.7%, did not move with it
7Feb 20, 2026+5.96%
Before our stories
+1.7% did not move with itGOOGL +4.0 · META +1.7 · APP +1.6 · NBIS −9.0
8 Feb 23, 2026−6.08%
Before our storiesgroup −2.0%, did not move with it
8Feb 23, 2026−6.08%
Before our stories
−2.0% did not move with itAPP −9.1 · META −2.8 · GOOGL −1.1 · NBIS +2.8
9 Mar 3, 2026+9.27%
Before our storiesgroup −0.4%, did not move with it
9Mar 3, 2026+9.27%
Before our stories
−0.4% did not move with itAPP +1.4 · META +0.2 · GOOGL −1.0 · NBIS −4.6
10 Mar 12, 2026−6.66%
Before our storiesgroup −2.6%, did not move with it
10Mar 12, 2026−6.66%
Before our stories
−2.6% did not move with itNBIS −3.5 · APP −2.6 · META −2.5 · GOOGL −1.7
11 Apr 15, 2026+8.40%
Before our storiesgroup +2.2%, did not move with it
11Apr 15, 2026+8.40%
Before our stories
+2.2% did not move with itAPP +7.2 · NBIS +3.0 · META +1.4 · GOOGL +1.3
12 May 5, 2026+6.86%
Resultsgroup +0.2%, did not move with it
12May 5, 2026+6.86%
ResultsFirst close after the May 4 results filing
+0.2% did not move with itGOOGL +1.4 · APP +0.7 · NBIS −0.3 · META −0.9
13 May 13, 2026−5.89%
Before our storiesgroup +3.1%, did not move with it
13May 13, 2026−5.89%
Before our stories
+3.1% did not move with itAPP −7.6 · META +2.3 · GOOGL +3.9 · NBIS +15.7
14 May 19, 2026−5.47%
Before our storiesgroup −1.9%, did not move with it
14May 19, 2026−5.47%
Before our stories
−1.9% did not move with itAPP −3.1 · GOOGL −2.3 · META −1.4 · NBIS −1.1
15 Jun 1, 2026+6.48%
Before our storiesgroup −0.5%, did not move with it
15Jun 1, 2026+6.48%
Before our stories
−0.5% did not move with itNBIS +14.5 · APP +0.1 · GOOGL −1.0 · META −5.1
16 Jun 12, 2026−6.00%
Nothing on PINSgroup +2.2%, did not move with it
16Jun 12, 2026−6.00%
Nothing on PINSNo PINS story, brief or results filing in our record that day
+2.2% did not move with itMETA −0.3 · GOOGL +0.5 · APP +3.8 · NBIS +4.5
17 Jun 15, 2026+5.54%
Nothing on PINSgroup +4.8%, moved with PINS
17Jun 15, 2026+5.54%
Nothing on PINSNo PINS story, brief or results filing in our record that day
+4.8% moved with PINSNBIS +11.9 · APP +4.8 · META +4.7 · GOOGL +2.7
18 Jun 26, 2026+6.88%
Nothing on PINSgroup −0.2%, did not move with it
18Jun 26, 2026+6.88%
Nothing on PINSNo PINS story, brief or results filing in our record that day
−0.2% did not move with itAPP +7.0 · META +1.4 · GOOGL −1.8 · NBIS −6.4
19 Jun 29, 2026+5.09%
Nothing on PINSgroup +4.7%, moved with PINS
19Jun 29, 2026+5.09%
Nothing on PINSNo PINS story, brief or results filing in our record that day
+4.7% moved with PINSNBIS +8.7 · GOOGL +4.8 · APP +4.5 · META +2.2
20 Jul 27, 2026+6.19%
Nothing on PINSgroup +1.1%, did not move with it
20Jul 27, 2026+6.19%
Nothing on PINSNo PINS story, brief or results filing in our record that day
+1.1% did not move with itAPP +5.3 · GOOGL +2.1 · NBIS +0.1 · META −0.2
21 Aug 4, 2026+5.88%
Nothing on PINSgroup +2.2%, did not move with it
21Aug 4, 2026+5.88%
Nothing on PINSNo PINS story, brief or results filing in our record that day
+2.2% did not move with itNBIS +6.2 · APP +3.3 · GOOGL +1.1 · META −0.4
22 Aug 5, 2026−8.68%
Resultsgroup −1.7%, did not move with it
22Aug 5, 2026−8.68%
ResultsFirst close after the Aug 4 results filing
−1.7% did not move with itGOOGL −4.0 · NBIS −3.0 · APP −0.5 · META +0.1
23 Aug 31, 2026−6.38%
1 storygroup −1.6%, did not move with it
23Aug 31, 2026−6.38%
1 story “Pinterest’s (PINS) CFO Exit Tests Whether The Growth Story Holds” · Yahoo Finance
−1.6% did not move with itGOOGL −2.1 · APP −1.8 · NBIS −1.4 · META −1.0
24 Sep 9, 2026−9.24%
Nothing on PINSgroup −1.8%, did not move with it
24Sep 9, 2026−9.24%
Nothing on PINSNo PINS story, brief or results filing in our record that day
−1.8% did not move with itGOOGL −2.3 · APP −2.2 · NBIS −1.4 · META +6.5
25 Nov 5, 2026−6.74%
Nothing on PINS
25Nov 5, 2026−6.74%
Nothing on PINSNo PINS story, brief or results filing in our record that day
No group that day

A story on the same day is not a cause, and a group move is not proof either. Group: the median of GOOGL, META, APP and NBIS that day, the largest companies in PINS’s SEC industry; “moved with PINS” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). PINS reports after the close, so day 1 is the next close. 3 of 4 times, day 6 ended on the same side as day 1.

Reported Nov 4, 2025

day 1−21.76%day 6−16.99%

Reported Feb 12, 2026

day 1−16.83%day 6−9.98%

Reported May 4, 2026

day 1+6.86%day 6−1.39%

Reported Aug 4, 2026

day 1−8.68%day 6−10.48%

Next report: expected late January to mid FebruaryEstimated from the dates of its last four results filings. Not announced. Since the Oct 29 report: −0.65%. Four reports is a small sample.

Every report since 2023 →

Each line is PINS’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

PINS against four same-industry peers, a year at 100

PINS is down 27.0% in a year. Nebius Group is up 8.2%, Alphabet 3.6% and Meta Platforms 1.3%. Of these four, only AppLovin (−42.6%) did less. Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

Share this chart

PINS −27.0%. Nebius Group +8.2%, Alphabet +3.6%, Meta Platforms +1.3%, AppLovin −42.6%. Weekly closes, Nov 7, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in PINS’s SEC industry (Services-Computer Programming, Data Processing, Etc.) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

GOOGL	Alphabet	$3.53T	−2.20%
META	Meta Platforms	$1.62T	−3.96%
APP	AppLovin	$92.9B	+31.04%
NBIS	Nebius Group	$35.1B	−14.94%
ZM	Zoom Communications	$28.2B	−3.29%
FLUT	Flutter Entertainment	$14.2B	+1.44%
TEM	Tempus AI	$13.2B	−6.85%
FDS	Factset Research Systems	$12.2B	−0.50%