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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.01B | $1.32B | $1.05B | $998.23M | $854.99M | $1.15B | $898.37M |
| Cost of revenue | $257.35M | $238.55M | $226.92M | $212.33M | $203.01M | $199.27M | $196.96M | $187.45M |
| Gross profit | $922.30M | $768.96M | $1.09B | $836.88M | $795.22M | $655.72M | $957.18M | $710.92M |
| Gross margin | 78.2% | 76.3% | 82.8% | 79.8% | 79.7% | 76.7% | 82.9% | 79.1% |
| Research and development | $451.01M | $380.79M | $364.91M | $371.25M | $359.62M | $331.67M | $320.77M | $326.68M |
| Selling, general and administrative | $512.15M | $421.37M | $426.35M | $407.11M | $439.92M | $359.53M | $374.81M | $390.16M |
| Operating expenses | $977.50M | $849.25M | $791.26M | $778.36M | $799.55M | $691.20M | $695.59M | $716.84M |
| Operating income | −$55.20M | −$80.29M | $301.17M | $58.52M | −$4.33M | −$35.48M | $261.59M | −$5.92M |
| Operating margin | -4.7% | -8.0% | 22.8% | 5.6% | -0.4% | -4.1% | 22.7% | -0.7% |
| EBITDA | −$29.08M | −$24.37M | $307.18M | $65.72M | $1.76M | −$29.63M | $267.65M | −$495.00K |
| Interest income | $0 | $17.79M | $26.64M | $28.54M | $0 | $27.29M | $28.58M | $32.48M |
| Interest expense | $7.33M | $0 | $0 | — | $28.02M | $0 | $0 | — |
| Income before taxes | −$49.16M | −$63.50M | $327.71M | $87.20M | $34.65M | −$3.67M | $276.84M | $29.80M |
| Income taxes | −$2.49M | $10.09M | $50.64M | −$4.91M | −$4.10M | −$12.59M | −$1.57B | −$758.00K |
| Net income | −$46.67M | −$73.59M | $277.07M | $92.11M | $38.76M | $8.92M | $1.85B | $30.56M |
| Net margin | -4.0% | -7.3% | 21.0% | 8.8% | 3.9% | 1.0% | 160.1% | 3.4% |
| EPS, basic | −$0.08 | −$0.12 | $0.42 | $0.14 | $0.06 | $0.01 | $2.74 | $0.05 |
| EPS, diluted | −$0.08 | −$0.12 | $0.41 | $0.13 | $0.06 | $0.01 | $2.60 | $0.04 |
| Diluted shares | 562.91M | 636.59M | 677.36M | 694.53M | 689.84M | 689.36M | 710.94M | 695.48M |
Figures describe Pinterest shares, not any token. As of Aug 4, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.