← PINTEREST, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $472.9m | $755.9m | $1.1b | $1.7b | $2.6b | $2.8b | $3.1b | $3.6b | $4.2b | |
| Cost of revenue | $178.7m | $241.6m | $358.9m | $449.4m | $529.3m | $678.6m | $688.8m | $750.4m | $841.5m | |
| Research and development | $208.0m | $251.7m | $1.2b | $606.2m | $780.3m | $949.0m | $1.1b | $1.2b | $1.4b | |
| Sales and marketing | $162.5m | $259.9m | $611.6m | $442.8m | $641.3m | $933.1m | $911.2m | $1.0b | $1.2b | |
| General and administrative | $61.6m | $77.5m | $354.1m | $336.8m | $301.0m | $343.5m | $512.4m | $463.7m | $466.2m | |
| Income (loss) from operations | ($137.9m) | ($74.7m) | ($1.4b) | ($142.5m) | $326.2m | ($101.7m) | ($125.7m) | $179.8m | $319.9m | |
| Income (loss) before provision for (benefit from) income taxes | ($129.7m) | ($62.6m) | ($1.4b) | ($127.0m) | $321.0m | ($85.9m) | ($16.4m) | $287.6m | $445.9m | |
| Provision for (benefit from) income taxes | $311k | $410k | $532k | $1.3m | $4.5m | $10.1m | $19.2m | ($1.6b) | $29.0m | |
| Net income (loss) | ($130.0m) | ($63.0m) | ($1.4b) | ($128.3m) | $316.4m | ($96.0m) | ($35.6m) | $1.9b | $416.9m | |
| Basic (in dollars per share) | — | — | ($3.24) | ($0.22) | $0.49 | ($0.14) | ($0.05) | $2.74 | $0.62 | |
| Diluted (in dollars per share) | — | — | ($3.24) | ($0.22) | $0.46 | ($0.14) | ($0.05) | $2.67 | $0.61 | |
| Interest income (expense), net | — | — | — | — | $3.1m | $30.2m | $105.4m | $127.0m | $110.5m | |
| Other income (expense), net | — | — | — | — | ($8.3m) | ($14.5m) | $3.8m | ($19.2m) | $15.5m | |
| Total costs and expenses | $610.8m | $830.7m | $2.5b | $1.8b | $2.3b | $2.9b | $3.2b | $3.5b | $3.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.