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$11.6B
Market Cap
179.0
P/E
0.80
PEG
5.4%
ROCE
6.5%
ROE
0.41
D/E
6.3%
OPM
-40.9%
% from 52W High
21
α RS
🔍 PINS is showing a multi-screen setup because it matches 4 of 39 tracked screener presets and an ECS of 82.3 last quarter. The main caution: the Margin Expansion preset's Backtest win rate is only 46.6%. Net: Mixed signal stack, not a recommendation. ? Conviction ECS Backtest
Sources
Conviction 4/39 · ECS 82.3 · Backtest win rate 46.6%
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🌏 Global Investor Returns
Currency-adjusted total returns for PINS including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
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📊 Peer Medians
About

Pinterest, Inc. operates as a visual search and discovery platform in the United States, Canada, Europe, and internationally. The company’s platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. It also provides various advertising products to help advertisers meet users; and ad auction that allows to serve ads to users at relevant moments while optimizing business outcomes for advertisers. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

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📈 Growth Pattern
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⭐ Superinvestors Holding PINS
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 5.99M $109.8M 0.17% Mar 2026
Cathie Wood ARK Investment Management 36.0K $661K 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →
📊 MIXED Pinterest Q1 2026 revenue over $1B, up 18% YoY, with 631M MAUs and 10 straight quarters of double-digit user growth.
Revenue & Profitability
Q1 2026 revenue was $1.008 billion, up 18% year-over-year (15% on a constant currency basis). Adjusted EBITDA was $207 million (20% margin), above guidance. Free cash flow was $312 million. Cost of revenue was $232 million (up 20% YoY), non-GAAP operating expenses were $574 million (up 16%). Year-to-date through May 4, 2026, the company repurchased ~$2 billion of stock (109 million shares at ~$18 average). Q2 2026 revenue guidance is $1.133–$1.153 billion (14–16% YoY growth) with adjusted EBITDA of $256–$276 million.
Outlook
Management sees a largely consistent ad market environment, with large retailers navigating tariff-related margin pressure. The Middle East conflict has a small, isolated impact on certain verticals. Long-term, Pinterest aims to return to mid-to-high teens revenue growth targets. International growth is expected to moderate in Q2 due to go-to-market restructuring and tougher comparisons, but the long-term conviction in international remains unchanged.
Growth Drivers
Key growth levers include: continued AI-driven user engagement improvements (10 straight quarters of double-digit user growth), Pinterest Performance+ (30% of lower funnel revenue, adopters spend nearly 2x), revenue diversification away from large retailers (rest of business accelerated in Q1), international expansion (Europe +27%, RoW +59% reported), and connected TV via tvScientific (early results show 190% increase in incremental audience reach for a retailer).
Balance Sheet & CapEx
Not explicitly discussed as CapEx; however, management noted increased infrastructure spend for user growth and GPU capacity investments. Q2 non-GAAP cost of revenue is expected to rise mid-single digits sequentially, partly due to tvScientific's full quarter and GPU investments. For full year 2026, cost of revenue as a percentage of revenue is expected to face modest headwinds from these investments.
Margins
Q1 adjusted EBITDA margin was 20%, up 40 basis points year-over-year. Full year 2026 adjusted EBITDA margin is expected to be ~29%, including an approximately 100 basis point drag from tvScientific. Q2 margin will be lower sequentially due to seasonally higher sales and marketing. Long-term adjusted EBITDA margin target remains 30–34%.
Key Risks
Risks highlighted include: continued headwind from large retail advertisers (tariff-related margin pressure), potential disruption from go-to-market restructuring in international (moderation in Q2 growth), the need to improve measurement attribution to capture full value, and macro uncertainties from tariffs and the Middle East conflict. Progress on sales transformation may not be linear.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 saw 18% revenue growth to $1.18B and record user engagement, led by AI-powered personalization and strong UCAN performance. Adjusted EBITDA margin rose to 26%, with robust free cash flow and raised full-year margin guidance. International growth moderated due to regulatory and structural changes.
Q1 2026 Q1 2026 2026-05-04
Q1 2026 saw 18% revenue growth to over $1 billion, record user engagement, and strong AI-driven ad performance. Strategic investments in AI, sales, and CTV, plus a $2B stock buyback, support durable growth, with Q2 revenue expected to rise 14%-16% year-over-year.
Q4 2025 Q4 2025 2026-02-12
Achieved record user growth and engagement, with 619M MAUs and strong AI-driven innovation, but Q4 revenue growth lagged due to large retailer ad pullbacks from tariffs. Strategic focus is on broadening the advertiser base, accelerating SMB and international growth, and investing in AI and sales transformation.
Q3 2025 Q3 2025 2025-11-04
Q3 2025 saw record user growth to 600M MAUs and 17% revenue growth, driven by AI-powered shopping and international expansion. Adjusted EBITDA margin rose to 29%, with strong gains in Europe and Rest of World. Q4 guidance projects continued double-digit growth and margin expansion.
Q2 2025 Q2 2025 2025-08-07
Q2 2025 saw record user and revenue growth, with 578M MAUs (+11%) and $998M revenue (+17% YoY), driven by AI-powered personalization and strong international momentum. Adjusted EBITDA margin rose to 25%, and Q3 guidance projects continued double-digit growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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