Filing Flows › Pinterest (PINS) › Q1 2025
Pinterest (PINS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Pinterest (PINS) reported revenue of $855M for the first quarter 2025 (Q1 2025), +16% from a year earlier and -26% from the quarter before. Operating margin was -4.1%, net earnings $8.9M (1.0% of revenue).
Pinterest, Q1 2025: revenue $855M (+16% year over year), operating margin -4.1%, net earnings $8.9M, operating cash flow $364M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $855M | -26% | +16% |
| Operating profit | −$35.5M | — | — |
| Net earnings | $8.9M | — | — |
| Operating cash flow | $364M | +43% | +2% |
| Free cash flow | $356M | — | +4% |
What changed
Revenue was $855.0M in Q1 2025, up 16% year over year and down 26% from the previous quarter.
Operating costs exceeded revenue by $35.5M, an operating margin of -4.1%. Total costs grew 12% against revenue growth of 16%. The fastest-growing cost line was Research & development (+18%). Net earnings were $8.9M. Non-operating items added $31.8M, -868% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $363.7M (up 2% year over year), 4077% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $187.4M of share-based compensation. Working capital and other items added $161.5M. After purchases of property and equipment ($7.3M), free cash flow as the company reports it was $356.4M.
Questions
What was Pinterest's revenue in the first quarter 2025?
Pinterest (PINS) reported revenue of $855M for the first quarter 2025 (Q1 2025), +16% from a year earlier and -26% from the quarter before.
Was Pinterest profitable in the first quarter 2025?
Operating loss was $35.5M (-4.1% of revenue) and net earnings $8.9M.
Source: Pinterest 10-Q on SEC EDGAR.