Filing Flows › Pinterest (PINS) › Q2 2025
Pinterest (PINS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Pinterest (PINS) reported revenue of $998M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +17% from the quarter before. Operating margin was -0.4%, net earnings $38.8M (3.9% of revenue).
Pinterest, Q2 2025: revenue $998M (+17% year over year), operating margin -0.4%, net earnings $38.8M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $998M | +17% | +17% |
| Operating profit | −$4.3M | — | — |
| Net earnings | $38.8M | +334% | — |
| Operating cash flow | $208M | -43% | +95% |
| Free cash flow | $197M | — | +94% |
What changed
Revenue was $998.2M in Q2 2025, up 17% year over year and up 17% from the previous quarter.
Operating costs exceeded revenue by $4.3M, an operating margin of -0.4%. Total costs grew 15% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+18%). Net earnings were $38.8M, up 336% year over year. The effective tax rate was -11.8%. Non-operating items added $39.0M, 112% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $207.7M (up 95% year over year), 536% of net earnings. Non-cash charges added back $6.1M of depreciation and amortization and $227.2M of share-based compensation. Working capital and other items used $64.4M. After purchases of property and equipment ($11.0M), free cash flow as the company reports it was $196.7M.
Questions
What was Pinterest's revenue in the second quarter 2025?
Pinterest (PINS) reported revenue of $998M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +17% from the quarter before.
Was Pinterest profitable in the second quarter 2025?
Operating loss was $4.3M (-0.4% of revenue) and net earnings $38.8M.
Source: Pinterest 10-Q on SEC EDGAR.