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Pinterest cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$300M in Q3 2026 · $1.3B over twelve months

Operating cash flow$316M
Capital spending−$15.5M
Free cash flow+$300M
Cash / net income14.7×
Cash conversion cycle20 days

Analysis

In Q3 2026, Pinterest generated $316M of operating cash flow and spent $15.5M on capital projects, leaving free cash flow of $300M. That is $18.2M less than in Q3 2025 ($318M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.3B; the largest uses were buybacks ($2.5B), taxes on employees’ shares ($366M), capital spending ($65.6M); besides operations, cash came from other financing ($878M), other investing ($275M); the cash balance fell by $477M.

Operating cash flow was $316M against net income of $21.5M — 14.7× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$292M, prepaid and other assets −$26.7M, accrued liabilities −$18.1M.

Its cash conversion cycle was 20 days (receivables 72 + inventory 0 − payables 53).

Free cash flow

Pinterest: free cash flow by quarterPinterest: free cash flow by quarter$250MQ4 2024$356MQ1 2025$197MQ2 2025$318MQ3 2025$380MQ4 2025$312MQ1 2026$270MQ2 2026$300MQ3 2026
Operating cash flow less capital spending.
Pinterest: operating cash flow against capital spendingPinterest: operating cash flow against capital spendingOperating cash flowCapital spending$254M$3.8MQ4 2024$364M$7.3MQ1 2025$208M$11.0MQ2 2025$322M$3.2MQ3 2025$391M$10.8MQ4 2025$328M$16.3MQ1 2026$293M$23.0MQ2 2026$316M$15.5MQ3 2026
Latest (Q3 2026): Operating cash flow $316M, Capital spending $15.5M.

Capital allocation, year by year

Pinterest: where the cash came from (up) and went (down), by fiscal yearPinterest: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $753MFY2021: Shares issued $23.9MFY2021: Capital spending −$9.0MFY2021: Acquisitions −$36.9M$777MFY2021FY2022: Operating cash flow $469MFY2022: Shares issued $12.9MFY2022: Capital spending −$29.0MFY2022: Acquisitions −$86.1M$482MFY2022FY2023: Operating cash flow $613MFY2023: Shares issued $8.3MFY2023: Capital spending −$8.1MFY2023: Buybacks −$500M$621MFY2023FY2024: Operating cash flow $965MFY2024: Shares issued $22.1MFY2024: Capital spending −$24.6MFY2024: Buybacks −$600M$987MFY2024FY2025: Operating cash flow $1.3BFY2025: Shares issued $8.1MFY2025: Capital spending −$32.4MFY2025: Buybacks −$927M$1.3BFY2025
Over these 5 years operating cash flow totalled $4.1B; the largest uses were buybacks ($2.0B) and acquisitions ($123M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.5B
Debtnone
Net cash$1.5B

Pinterest funds itself: free cash flow was $1.3B over the last twelve months, with $1.5B of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Pinterest: sources (+) and uses (−) of cash, Q3 2026Pinterest: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$316MCash drawn (+) / kept (−)−$232MTaxes on employees’ shares−$101MOther investing$32.7MCapital spending−$15.5MOther financing−$375KExchange rates−$52K
Pinterest: sources (+) and uses (−) of cash, TTM to Q3 2026Pinterest: sources (+) and uses (−) of cash, TTM to Q3 2026Buybacks−$2.5BOperating cash flow$1.3BOther financing$878MCash drawn (+) / kept (−)$477MTaxes on employees’ shares−$366MOther investing$275MCapital spending−$65.6MExchange rates−$56K

From profit to cash

Pinterest: net income to operating cash flow, Q3 2026Pinterest: net income to operating cash flow, Q3 2026Net income$21.5MDepreciation & amortization$8.0MStock-based pay$292MDeferred taxes$11.7MOther non-cash$5.6MReceivables$15.1MPayables$10.6MAccrued liabilities−$18.1MPrepaid and other assets−$26.7MOperating cash flow$316M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202672—5320
Q2 202668—3929
Q1 202682—3943
Q4 202563—4518
Q3 202568—4029
Q2 202567—4225
Q1 202584—4144
Q4 202463—4022

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$316M−$15.5M————−$232M$300M
Q2 2026$293M−$23.0M—−$78.6M−$5.1M—−$44.4M$270M
Q1 2026$328M−$16.3M−$447M−$1.9B$985M—$591M$312M
Q4 2025$391M−$10.8M—−$502M——$162M$380M
Q3 2025$322M−$3.2M—−$197M——$84.5M$318M
Q2 2025$208M−$11.0M—−$52.6M——$35.3M$197M
Q1 2025$364M−$7.3M—−$175M—$8.1M−$116M$356M
Q4 2024$254M−$3.8M—−$100M—$1.9M−$101M$250M

Pinterest: income statement and cash flow

Pinterest, Q3 2026: revenue $1.2B (+12% year over year), operating margin 2.6%. The chart follows the revenue to costs, profit and cash.

Pinterest: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.