Watch for post-earnings drift: strong revenue growth and user metrics may support the stock, but the GAAP loss and decelerating guidance (14-16% vs 18% this quarter) could cap upside. Monitor Q2 conference call for margin trajectory and restructuring benefits. The CAO departure is non-material.
Price Chart
Executive Summary
Pinterest reported Q1 2026 revenue of $1.008B (+18% YoY) and record 631M MAUs (+11% YoY), but GAAP net loss of $74M due to $47M in restructuring charges. Non-GAAP net income rose 9% to $175M and Adjusted EBITDA grew 20% to $207M. Q2 2026 revenue guidance of $1.133B-$1.153B (14-16% growth) implies deceleration. GAAP EPS of ($0.12) missed Street consensus of ($0.03). Revenue beat implied by the 18% growth. Chief Accounting Officer Andrea Acosta resigned (effective May 8, 2026), replaced by CFO Julia Brau Donnelly as principal accounting officer.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $1,007.5M, +18% YoY (15% constant currency)
- Record 631M global monthly active users, +11% YoY
- GAAP net loss ($73.6M) vs net income $8.9M in Q1 2025; includes $47.1M restructuring charge
- Non-GAAP net income $174.5M, +9% YoY; Adjusted EBITDA $206.5M, +20% YoY
- Q2 2026 revenue guidance $1,133M-$1,153M (14-16% growth), Adjusted EBITDA $256M-$276M
- Completed approximately $2B of near-term share repurchases in Q1
- GAAP diluted EPS ($0.12) vs Street consensus ($0.03) — miss; non-GAAP EPS $0.27 vs prior $0.23
- CAO Andrea Acosta resigned, effective May 8; CFO appointed principal accounting officer
Financial Impact
Revenue growth of 18% and record users positive, but GAAP loss and decelerating Q2 guidance temper sentiment. Non-GAAP metrics show underlying improvement.
Risk Factors
- Decelerating revenue growth guidance (14-16% vs 18% Q1 actual)
- GAAP profitability remains negative due to high SBC and restructuring costs
- Foreign exchange headwinds (constant currency growth 15% vs reported 18%)
- Competitive pressures from Meta, TikTok, Google
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001506293-26-000066 |
| Document: pins-20260430.htm | 0001506293-26-000066 |
| Document: 0001506293-26-000066-index-headers.html | 0001506293-26-000066 |
| Document: 0001506293-26-000066-index.html | 0001506293-26-000066 |
| Document: 0001506293-26-000066.txt | 0001506293-26-000066 |
| 8-K Data (Synthetic) | 0001506293-26-000066 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Insider Cluster | $22.88 $18.88 | ▼ −17.48% | ▼ −17.38% | $19.26 (−15.82%) |
Aug 20, 2026 6w ago | Insider Cluster | $23.23 $18.60 | ▼ −19.93% | ▼ −19.93% | $19.26 (−17.09%) |
Aug 20, 2026 6w ago | Insider Cluster | $23.23 $18.31 | ▲ +21.18% | ▲ +21.18% | $19.26 (+17.09%) |
Aug 12, 2026 7w ago | Insider Cluster | $23.32 $19.05 | ▲ +18.31% | ▲ +16.56% | $19.26 (+17.41%) |
Aug 12, 2026 7w ago | 144 | $23.32 $19.05 | ▼ −18.31% | ▼ −16.56% | $19.26 (−17.41%) |
Aug 7, 2026 8w ago | 8-K | $23.68 $20.40 | ▼ −13.85% | ▼ −13.45% | $19.26 (−18.67%) |
Aug 4, 2026 8w ago | 8-K | $23.36 $21.22 | ▼ −9.16% | ▼ −8.56% | $19.26 (−17.55%) |
Jul 24, 2026 10w ago | Institutional Cluster | $22.13 $23.40 | ▲ +5.74% | ▲ +2.11% | $19.26 (−12.97%) |
Jul 15, 2026 11w ago | Insider Cluster | $23.09 $23.32 | ▲ +1.00% | ▼ −2.62% | $19.26 (−16.59%) |
Jul 15, 2026 11w ago | Insider Cluster | $23.09 $23.32 | ▲ +1.00% | ▼ −2.62% | $19.26 (−16.59%) |
US Market Status
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