# Pinterest, Inc. (PINS)

> Source: Nexqual · https://nexqual.com/PINS · data as of 2026-10-29 19:50 UTC · cite as "Nexqual, Pinterest, Inc. (PINS), nexqual.com/PINS" · informational, not investment advice.

**Price:** USD 19.93 (-4.73% today) · US market open, as of October 29, 2026 at 19:50 UTC; quotes may be delayed. Prev close 20.92 · day 19.41–20.94 · 52w 13.84–34.12 · market cap $11.3B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.56B, net income $249M (5.5% margin), free cash flow $1.28B (SEC filings).
- Valuation: P/E 44.5x (avg 26.8x at the last 2 fiscal year-ends), EV/EBITDA 41.8x, net cash $294M.
- 2 of 80 tracked superinvestors hold PINS (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.44 on a 1–5 scale) (39 analysts), mean target USD 29.02 (range 22–42.36).
- Total return with dividends: 1Y -39.3% vs S&P 500 +13.1%; 5Y -55.4% vs S&P 500 +79.0%.
- Next earnings: 2026-10-29, EPS estimate USD 0.49, revenue estimate $1.21B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.58B | $2.80B | $3.06B | $3.65B | $4.22B | $4.56B |
| Gross profit | $2.05B | $2.12B | $2.37B | $2.90B | $3.38B | — |
| Operating income | $326M | -$102M | -$126M | $180M | $320M | $224M |
| Net income | $316M | -$96.0M | -$35.6M | $1.86B | $417M | $249M |
| EPS (diluted) | $0.46 | -$0.14 | -$0.05 | $2.67 | $0.61 | — |
| Free cash flow | $744M | $440M | $605M | $940M | $1.25B | $1.28B |
| Gross margin | 79.5% | 75.8% | 77.5% | 79.4% | 80.1% | — |
| Operating margin | 12.7% | -3.6% | -4.1% | 4.9% | 7.6% | 4.9% |
| Net margin | 12.3% | -3.4% | -1.2% | 51.1% | 9.9% | 5.5% |
| Revenue growth | +52.3% | +8.7% | +9.0% | +19.3% | +15.8% | — |
| Cash + short-term investments | $2.48B | $2.70B | $2.51B | $2.51B | $2.47B | — |
| Total debt | — | — | — | — | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 44.5x · P/S 2.4x · EV/EBITDA 41.8x · EV/Sales 2.4x · P/FCF 8.6x · P/B 3.8x · FCF yield 11.56% · Earnings yield 2.25% · Buyback yield (TTM) 24.61% · Net cash $294M · EV $10.8B
P/E at fiscal year-ends: Dec 2025 42.7x, Dec 2024 10.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold PINS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 1.14% | $264M | Added +1.4% |
| Bill Miller | Miller Value Partners | 0.29% | $1.2M | Reduced -3.5% |

## Analysts
Consensus Buy (mean 2.44 on a 1–5 scale), 39 analysts; mean target USD 29.02 (low 22, high 42.36).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | Keybanc | Target lowered | Overweight | $30 → $28 |
| 2026-08-06 | Wells Fargo | Target raised | Overweight | $30 → $31 |
| 2026-08-05 | DA Davidson | Target raised | Buy | $26 → $27 |
| 2026-08-05 | UBS | Target raised | Buy | $30 → $33 |
| 2026-08-05 | Citigroup | Target raised | Neutral | $25 → $27 |
| 2026-08-05 | RBC Capital | Target raised | Sector Perform | $23 → $25 |
| 2026-08-05 | Evercore ISI Group | Target raised | In-Line | $27 → $29 |
| 2026-08-05 | Guggenheim | Target raised | Buy | $24 → $26 |
| 2026-08-05 | Wedbush | Reiterated | Neutral | $24 |
| 2026-08-05 | Barclays | Target raised | Equal-Weight | $27 → $31 |
| 2026-08-05 | Cantor Fitzgerald | Reiterated | Overweight | $30 |
| 2026-08-05 | BMO Capital | Target raised | Outperform | $30 → $34 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -39.3% | -55.4% |
| S&P 500 (SPY) | +13.1% | +79.0% |
| Per year | -39.3% | -14.9% |
| Volatility (annualized) | 55.2% | 49.7% |
| Max drawdown | -54.2% (Nov 2025→Feb 2026) | -66.6% (Nov 2021→Feb 2026) |

## Peers (Internet Content & Information)
TME (Tencent Music Entertainment Gro) USD 8.35 +0.18% · MTCH (Match Group, Inc.) USD 42.55 +1.16% · SNAP (Snap Inc.) USD 5.64 -5.45% · ZG (Zillow Group, Inc.) USD 32.06 +0.60% · BZ (KANZHUN LIMITED - American Depo) USD 16.21 +0.90% · RDDT (Reddit, Inc.) USD 128.61 -4.52%

## More
Full page: https://nexqual.com/PINS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.49 | $0.44 | +9.6% | $1.21B | 20 |
| Next quarter (ends 2026-12-31) | $0.84 | $0.79 | +6.9% | $1.52B | 19 |
| Current fiscal year (ends 2026-12-31) | $2.02 | $1.90 | +6.3% | $4.91B | 25 |
| Next fiscal year (ends 2027-12-31) | $2.39 | $2.23 | +7.1% | $5.55B | 25 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.43 | $0.36 | Beat +19.4% | — |
| — | Quarter ended Mar 31, 2026 | $0.27 | $0.22 | Beat +22.7% | — |
| — | Quarter ended Dec 31, 2025 | $0.67 | $0.67 | In line | — |
| — | Quarter ended Sep 30, 2025 | $0.38 | $0.42 | Miss −9.5% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-27 | Schedule 13G/A | BlackRock, Inc.: 8.8% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1506293/000201238326003828/0002012383-26-003828-index.htm |
| 2026-10-15 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation — “On October 15, 2026, Pinterest, Inc. (the "Company") entered into an amended and restated five-year $700 million revolving credit facility (the "2026 revolving credit facility"), by and among the Company, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which replaced the Company's previous $500.0 million revolving credit facility entered into on October 25, 2022, as amended in October 2023. The 2026 revolving credit facility also contains an accordion…” | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000143/0001506293-26-000143-index.htm |
| 2026-10-05 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure — “On October 1, 2026, Pinterest, Inc. ("Pinterest" or the "Company") appointed James Dibbo, age 56, as its Chief Financial Officer, effective October 26, 2026, and as its principal financial officer, effective October 30, 2026. From January 2021 through September 2026, Mr. Dibbo served as the Vice President and Chief Financial Officer for Global Entertainment, Advertising and Corporate Development at Amazon.com, Inc. In that role, he led finance for businesses including Amazon Ads, Prime Video, Amazon MGM Studios,…” | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000139/0001506293-26-000139-index.htm |
| 2026-10-02 | 8-K | Director or executive officer change, or pay arrangement — “On September 30, 2026, the Board of Directors of Pinterest, Inc. (the "Company") amended and restated the Pinterest, Inc. Severance and Change in Control Plan for Employees in Level 21 Positions (filed as Exhibit 10.17 to the Company's Annual Report on Form 10-K filed on February 12, 2026), effective September 30, 2026 (the "Plan"). The Plan is applicable to certain employees of the Company in job category position Level 21. Pursuant to the Plan, subject to the participant's execution of a separation and release…” | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000136/0001506293-26-000136-index.htm |
| 2026-08-28 | 8-K | Director or executive officer change, or pay arrangement — “Departure of Julia Brau Donnelly as Chief Financial Officer On August 26, 2026, Julia Brau Donnelly, the Company's Chief Financial Officer, submitted her resignation to Pinterest, Inc. (the "Company") to pursue another opportunity. Ms. Donnelly will remain with the Company until October 30, 2026, to support an orderly transition of her duties. Ms. Donnelly's departure is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices, including…” | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000117/0001506293-26-000117-index.htm |
| 2026-08-14 | Schedule 13G | Elliott Investment Management L.P.: 5.8% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1506293/000091957426005513/0000919574-26-005513-index.htm |
| 2026-08-14 | Schedule 13G | Ameriprise Financial, Inc., Columbia Management Investment Advisers, LLC: 9.3% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1506293/000119312526351112/0001193125-26-351112-index.htm |
| 2026-08-10 | Schedule 13G/A | THE GOLDMAN SACHS GROUP, INC., GOLDMAN SACHS & CO. LLC: 3.7% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1506293/000088698226000325/0000886982-26-000325-index.htm |
| 2026-08-07 | Schedule 13G | passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1506293/000119312526340117/0001193125-26-340117-index.htm |
| 2026-08-07 | 8-K | Director or executive officer change, or pay arrangement | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000107/0001506293-26-000107-index.htm |
| 2026-08-04 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000104/0001506293-26-000104-index.htm |
| 2026-08-04 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1506293/000150629326000102/0001506293-26-000102-index.htm |
| 2026-07-31 | Schedule 13G/A | passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1506293/000210012126000959/0002100121-26-000959-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.