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PINS on NYSE. Pinterest sells ad space to advertisers and a visual search tool to users. Market value $18.7bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Media & telecom stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
9.3%high

For every $100 of what the whole company costs, it produced $9.29 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 66 of 100. Price score: 60 of 100. Our list needs 70 on quality and 60 on price.

$20.03 a share, 45% above its 1-year low

Over the past year the price has ranged from $13.84 to $35.42.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.7
0.4
0.6
0.9
1.3
1.3
2021202220232024202512 monthsto Jun '26
Revenue
$2.6bn$2.8bn$3.1bn$3.6bn$4.2bn
Operating margin
12.7%-3.6%-4.1%4.9%7.6%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.69bn0.67bn0.67bn0.70bn0.69bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 7 checks we could run
  • Profit backed by cash (accruals)No
  • DebtUnknown
  • Revenue growth, five yearsStrong, 20.1% a year
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $1.2 billion last quarter, up 18% on a year ago.
  • A loss of $47 million, after a profit of $39 million a year ago.
  • It keeps 5 cents of each $1 of sales as operating profit, down from 6 cents a year earlier.
  • Spare cash over the past 12 months: $1.3 billion, up from $1 billion.
  • 18% fewer shares than a year ago. Each share owns a bit more of the company.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$898m
December 2024$1.2bn
March 2025$855m
June 2025$998m
September 2025$1.0bn
December 2025$1.3bn
March 2026$1.0bn
June 2026$1.2bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$31m
December 2024$1.8bn
March 2025$9m
June 2025$39m
September 2025$92m
December 2025$277m
March 2026-$74m
June 2026-$47m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
12 February 2026
Next quarterly (estimated, 10-Q)
3 November 2026

Who owns it

6 long-term investors we follow own it, up from 5 last quarter. 674 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 7 sold $40m, $38m of it under preset trading plans.

  • Brown Claude Leonard
    Chief Business Officer
    Sold
    Date
    5 October 2026
    Shares
    12,240
    Price
    $20.00
    Value
    $244,861
  • Rajaram Gokul
    Director
    Sold
    under a preset trading plan
    Date
    5 October 2026
    Shares
    1,050
    Price
    $20.00
    Value
    $21,000
  • Silbermann Benjamin
    Director
    Sold
    under a preset trading plan
    Date
    30 September 2026
    Shares
    46,875
    Price
    $18.72
    Value
    $877,617
  • Silbermann Benjamin
    Director
    Sold
    under a preset trading plan
    Date
    29 September 2026
    Shares
    46,875
    Price
    $18.33
    Value
    $859,388
  • Brau Donnelly Julia
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    24 September 2026
    Shares
    29,548
    Price
    $18.61
    Value
    $549,841
  • Walcott Wanjiku Juanita
    Chief Legal & Bus Affairs Ofc.
    Sold
    under a preset trading plan
    Date
    23 September 2026
    Shares
    14,103
    Price
    $18.21
    Value
    $256,773
  • Silbermann Benjamin
    Director
    Sold
    under a preset trading plan
    Date
    23 September 2026
    Shares
    46,875
    Price
    $18.21
    Value
    $853,453
  • Silbermann Benjamin
    Director
    Sold
    under a preset trading plan
    Date
    22 September 2026
    Shares
    46,875
    Price
    $19.50
    Value
    $913,903
  • Silbermann Benjamin
    Director
    Sold
    under a preset trading plan
    Date
    16 September 2026
    Shares
    46,875
    Price
    $18.64
    Value
    $873,600
  • Silbermann Benjamin
    Director
    Sold
    under a preset trading plan
    Date
    15 September 2026
    Shares
    46,875
    Price
    $19.22
    Value
    $900,923

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 12 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 9 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.