Pinterest, Inc (PINS) Balance Sheet
PINS balance sheet, 2025
December 31, 2025 · U.S. dollars$5.51B assets = $765.7M liabilities + $4.75B equity
Both columns are drawn to the same scale: what PINS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PINS financial health
Descriptive bands, not a rating. Fiscal 2025.
PINS balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.21B2017 | $5.51B2025 | +20.8%/yr | |
| Total liabilities | $295.0M2017 | $765.7M2025 | +12.7%/yr | |
| Shareholders’ equity | $918.9M2017 | $4.75B2025 | +22.8%/yr | |
| Cash & short-term investments | $711.6M2017 | $2.47B2025 | +16.8%/yr | |
| Total debt | $178.1M2017 | $262.0M2025 | +4.9%/yr | |
| Net cash (debt) | $533.6M2017 | $2.21B2025 | +$1.7B | |
| Working capital | $807.2M2017 | $3.09B2025 | +$2.3B | |
| Book value per share | $2.052017 | $6.902025 | +16.4%/yr | |
| Current ratio | 11.112017 | 7.642025 | −3.48 | |
| Debt / equity | 0.192017 | 0.062025 | −0.14 | |
| Shares outstanding | 448.6M2017 | 687.8M2025 | +5.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PINS assets
PINS liabilities and equity
PINS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PINS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $2.47B | $2.51B | $2.51B | $2.70B | $2.48B | $1.76B | $1.72B | $627.8M | $711.6M |
| Cash & equivalents | $969.3M | $1.14B | $1.36B | $1.61B | $1.42B | $666.8M | $649.5M | $122.5M | $71.5M |
| Short-term investments | $1.50B | $1.38B | $1.15B | $1.09B | $1.06B | $1.09B | $1.07B | $505.3M | $640.2M |
| Receivables | $997.8M | $893.4M | $763.2M | $681.5M | $653.4M | $563.7M | $316.4M | $221.9M | $136.6M |
| Inventory | $0 | $0 | $0 | $0 | $1 | $0 | $1 | $0 | $0 |
| Other current assets | $90.7M | $78.4M | $61.8M | $73.9M | $47.0M | $32.9M | $34.8M | $39.6M | $38.7M |
| Total current assets | $3.56B | $3.48B | $3.34B | $3.45B | $3.18B | $2.36B | $2.07B | $889.4M | $887.0M |
| Property, plant & equipment (net) | $216.8M | $131.5M | $124.3M | $265.8M | $281.3M | $225.3M | $280.2M | $226.7M | $87.3M |
| Goodwill & intangible assets | $106.3M | $210.3M | $217.7M | $124.8M | $61.1M | $13.6M | $14.6M | $14.1M | $9.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.63B | $1.52B | $0 | $17.4M | $13.2M | $13.1M | $31.3M | $63.0M | $230.7M |
| Total assets | $5.51B | $5.34B | $3.59B | $3.86B | $3.54B | $2.61B | $2.39B | $1.19B | $1.21B |
| Liabilities | |||||||||
| Accounts payable | $129.8M | $84.0M | $79.1M | $87.9M | $17.7M | $49.5M | $34.3M | $22.2M | $15.4M |
| Short-term debt | $41.4M | $34.4M | $35.7M | $50.3M | $41.7M | $43.6M | $46.5M | $20.5M | $15.8M |
| Deferred revenue | $47.5M | $23.4M | $15.3M | — | — | — | — | — | −$15.8M |
| Total current liabilities | $465.5M | $398.1M | $317.1M | $380.5M | $259.8M | $204.8M | $176.2M | $108.4M | $79.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $151.4M | $162.3M |
| Lease obligations | $262.0M | $185.8M | $196.3M | $229.0M | $250.9M | $139.3M | $219.9M | $151.4M | $178.1M |
| Other long-term liabilities | $300.2M | $193.4M | $186.6M | $200.5M | $238.7M | $162.3M | $193.5M | $62.5M | $52.9M |
| Total liabilities | $765.7M | $591.5M | $503.7M | $581.1M | $498.5M | $367.1M | $369.6M | $322.3M | $295.0M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $6,000 | $6,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | $128.7M | −$288.2M | −$2.15B | −$2.11B | −$2.02B | −$2.34B | −$2.21B | −$845.4M | −$782.4M |
| Accumulated other comprehensive income | $4.3M | −$130,000 | −$1.0M | −$11.4M | −$2.2M | $2.5M | $647,000 | −$1.4M | −$766,000 |
| Total shareholders' equity | $4.75B | $4.75B | $3.09B | $3.28B | $3.04B | $2.24B | $2.02B | $870.8M | $918.9M |
| Key figures | |||||||||
| Total debt | $262.0M | $185.8M | $196.3M | $229.0M | $250.9M | $183.0M | $219.9M | $151.4M | $178.1M |
| Net cash (debt) | $2.21B | $2.33B | $2.32B | $2.47B | $2.23B | $1.58B | $1.50B | $476.4M | $533.6M |
| Working capital | $3.09B | $3.09B | $3.02B | $3.07B | $2.92B | $2.15B | $1.89B | $780.9M | $807.2M |
| Tangible book value | $4.64B | $4.54B | $2.87B | $3.16B | $2.98B | $2.23B | $2.01B | $856.8M | $909.9M |
| Book value per share | $6.90 | $6.80 | $4.58 | $4.93 | $3.92 | $3.76 | $4.81 | $1.65 | $2.05 |
| Shares outstanding | 687.8M | 698.4M | 674.6M | 665.7M | 776.1M | 596.3M | 420.5M | 529.3M | 448.6M |
| Current ratio | 7.64 | 8.75 | 10.53 | 9.08 | 12.25 | 11.51 | 11.74 | 8.20 | 11.11 |
| Quick ratio | 7.44 | 8.56 | 10.33 | 8.88 | 12.07 | 11.35 | 11.54 | 7.84 | 10.63 |
| Debt / equity | 0.06 | 0.04 | 0.06 | 0.07 | 0.08 | 0.08 | 0.11 | 0.17 | 0.19 |
| Equity / assets | 86.1% | 88.9% | 86.0% | 85.0% | 85.9% | 85.9% | 84.6% | 73.0% | 75.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.27B | $1.30B | $2.47B | $2.67B | $2.66B | $2.62B | $2.51B | $2.44B | $2.74B | $2.78B | $2.51B | $2.33B |
| Cash & equivalents | $422.5M | $378.1M | $969.3M | $1.13B | $1.22B | $1.25B | $1.14B | $1.04B | $1.38B | $1.63B | $1.36B | $1.17B |
| Short-term investments | $852.4M | $920.5M | $1.50B | $1.54B | $1.44B | $1.36B | $1.38B | $1.41B | $1.36B | $1.14B | $1.15B | $1.16B |
| Receivables | $932.0M | $830.4M | $997.8M | $800.5M | $760.1M | $710.0M | $893.4M | $680.5M | $664.3M | $563.9M | $763.2M | $624.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 |
| Other current assets | $116.4M | $113.8M | $90.7M | $93.6M | $98.9M | $77.0M | $78.4M | $109.3M | $92.2M | $71.8M | $61.8M | $81.8M |
| Total current assets | $2.32B | $2.24B | $3.56B | $3.57B | $3.52B | $3.40B | $3.48B | $3.23B | $3.49B | $3.41B | $3.34B | $3.04B |
| Property, plant & equipment (net) | $240.5M | $235.5M | $216.8M | $185.3M | $127.7M | $130.7M | $131.5M | $125.6M | $124.0M | $123.2M | $124.3M | $132.3M |
| Goodwill & intangible assets | $558.3M | $563.1M | $106.3M | $107.4M | $108.6M | $110.2M | $210.3M | $111.9M | $113.8M | $115.6M | $217.7M | $119.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.64B | $1.60B | $1.63B | $1.66B | $1.65B | $1.64B | $1.52B | $21.2M | $17.0M | $14.1M | $0 | $13.7M |
| Total assets | $4.76B | $4.65B | $5.51B | $5.52B | $5.40B | $5.28B | $5.34B | $3.49B | $3.75B | $3.67B | $3.59B | $3.30B |
| Liabilities | ||||||||||||
| Accounts payable | $145.1M | $75.0M | $129.8M | $90.6M | $91.9M | $96.7M | $84.0M | $88.9M | $73.9M | $83.7M | $79.1M | $71.5M |
| Short-term debt | — | — | $41.4M | — | — | — | $34.4M | — | — | — | $35.7M | — |
| Deferred revenue | — | — | $47.5M | — | — | — | $23.4M | — | — | — | $15.3M | — |
| Total current liabilities | $609.8M | $530.8M | $465.5M | $426.3M | $401.8M | $404.4M | $398.1M | $409.3M | $367.7M | $339.9M | $317.1M | $304.3M |
| Long-term debt | $981.1M | $980.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $215.5M | $224.9M | $262.0M | $205.2M | $137.4M | $144.0M | $185.8M | $154.4M | $151.8M | $154.3M | $196.3M | $170.9M |
| Other long-term liabilities | $274.5M | $283.8M | $300.2M | $264.1M | $189.2M | $189.8M | $193.4M | $188.0M | $181.8M | $183.0M | $186.6M | $193.6M |
| Total liabilities | $1.87B | $1.79B | $765.7M | $690.4M | $591.0M | $594.2M | $591.5M | $597.3M | $549.5M | $522.9M | $503.7M | $497.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| Retained earnings (deficit) | $8.4M | $55.1M | $128.7M | −$148.4M | −$240.5M | −$279.2M | −$288.2M | −$2.14B | −$2.17B | −$2.18B | −$2.15B | −$2.35B |
| Accumulated other comprehensive income | −$1.2M | −$150,000 | $4.3M | $3.8M | $3.9M | $1.5M | −$130,000 | $5.9M | −$2.0M | −$2.6M | −$1.0M | −$7.4M |
| Total shareholders' equity | $2.89B | $2.85B | $4.75B | $4.82B | $4.81B | $4.69B | $4.75B | $2.89B | $3.20B | $3.14B | $3.09B | $2.81B |
| Key figures | ||||||||||||
| Total debt | $1.20B | $1.21B | $262.0M | $205.2M | $137.4M | $144.0M | $185.8M | $154.4M | $151.8M | $154.3M | $196.3M | $170.9M |
| Net cash (debt) | $78.3M | $93.5M | $2.21B | $2.47B | $2.52B | $2.47B | $2.33B | $2.29B | $2.58B | $2.62B | $2.32B | $2.16B |
| Working capital | $1.71B | $1.71B | $3.09B | $3.14B | $3.12B | $3.00B | $3.09B | $2.82B | $3.13B | $3.07B | $3.02B | $2.73B |
| Tangible book value | $2.34B | $2.29B | $4.64B | $4.72B | $4.70B | $4.58B | $4.54B | $2.78B | $3.08B | $3.03B | $2.87B | $2.69B |
| Book value per share | $4.83 | $4.48 | $7.00 | $6.95 | $6.98 | $6.80 | $6.90 | $4.16 | $4.52 | $4.63 | $4.45 | $4.08 |
| Shares outstanding | 599.6M | 636.6M | 677.4M | 694.5M | 689.8M | 689.4M | 688.2M | 695.5M | 708.3M | 678.8M | 695.0M | 687.1M |
| Current ratio | 3.81 | 4.23 | 7.64 | 8.36 | 8.76 | 8.41 | 8.75 | 7.90 | 9.50 | 10.04 | 10.53 | 9.99 |
| Quick ratio | 3.62 | 4.01 | 7.44 | 8.14 | 8.51 | 8.22 | 8.56 | 7.63 | 9.25 | 9.83 | 10.33 | 9.72 |
| Debt / equity | 0.41 | 0.42 | 0.06 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 |
| Equity / assets | 60.8% | 61.4% | 86.1% | 87.5% | 89.1% | 88.8% | 88.9% | 82.9% | 85.3% | 85.7% | 86.0% | 84.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
PINS financial position
At the end of fiscal 2025 (December 31, 2025), Pinterest had total assets of $5.5 billion (up 3.1% from a year earlier), total liabilities of $765.7 million and shareholders' equity of $4.7 billion. It held $2.5 billion in cash and short-term investments against $262.0 million of debt, a net cash position of $2.2 billion. Its current ratio was 7.64. In the latest quarter (ended June 30, 2026) total assets were $4.8 billion and equity $2.9 billion.
Related: PINS income statement, PINS cash flow statement, PINS key metrics. See the PINS stock overview for the latest quote and news.
PINS balance sheet FAQ
What are Pinterest's total assets?
Pinterest reported total assets of $5.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does Pinterest have?
Pinterest had $262.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does Pinterest have?
Pinterest held $2.5 billion in cash and short-term investments at the end of fiscal 2025; with $262.0 million of debt that is net cash of $2.2 billion.
What is Pinterest's book value?
Pinterest's shareholders' equity (book value) was $4.7 billion at the end of fiscal 2025, or $6.90 per share.
What is Pinterest's current ratio?
Pinterest had current assets of $3.6 billion and current liabilities of $465.5 million, a current ratio of 7.64 (it can cover its short-term obligations).
How much goodwill does Pinterest have?
Pinterest carried $106.3 million of goodwill and intangible assets, 1.9% of total assets, at the end of fiscal 2025.