NYSE : SNAP
Snap Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 5.34 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.03B
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Financial statements
Snap Inc. (SNAP) reported revenue of 6.35B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.35B | 5.93B | 5.36B | 4.61B | 4.60B | 4.12B |
| Cost of Revenue | 2.71B | 2.67B | 2.47B | 2.11B | 1.79B | 1.75B |
| Gross Profit | 3.64B | 3.26B | 2.89B | 2.49B | 2.81B | 2.37B |
| Selling, General & Admin | 2.02B | 2.00B | 1.95B | 1.98B | 1.98B | 1.50B |
| Research & Development | 1.95B | 1.79B | 1.65B | 1.91B | 2.03B | 1.57B |
| Operating Expenses | 3.97B | 3.79B | 3.61B | 3.89B | 4.01B | 3.07B |
| Operating Income | -323.81M | -532.17M | -717.14M | -1.40B | -1.21B | -702.07M |
| Interest Expense | -144.69M | -122.00M | -21.55M | -22.02M | -21.46M | -17.68M |
| Interest & Investment Income | 115.07M | 134.16M | 153.47M | 168.39M | 58.60M | 5.20M |
| Other Non Operating Income (Expenses) | 15.55M | -9.59M | -14.93M | -8.67M | -5.68M | -51.87M |
| EBT Excluding Unusual Items | -337.88M | -529.59M | -600.15M | -1.26B | -1.17B | -766.41M |
| Merger & Restructuring Charges | -70.16M | -188.95M | ||||
| Gain (Loss) on Sale of Investments | -4.24M | -18.25M | -8.61M | -33.74M | -36.85M | 292.04M |
| Other Unusual Items | 29.80M | 96.70M | 6.70M | |||
| Pretax Income | -312.32M | -451.14M | -672.23M | -1.29B | -1.40B | -474.37M |
| Income Tax Expense | -1.08M | 9.35M | 25.63M | 28.06M | 28.96M | 13.58M |
| Net Income | -311.24M | -460.49M | -697.86M | -1.32B | -1.43B | -487.95M |
| Net Income to Common | -311.24M | -460.49M | -697.86M | -1.32B | -1.43B | -487.95M |
| Shares Outstanding (Basic) | 1.69B | 1.69B | 1.66B | 1.61B | 1.61B | 1.56B |
| Shares Outstanding (Diluted) | 1.69B | 1.69B | 1.66B | 1.61B | 1.61B | 1.56B |
| EPS (Basic) | -0.18 | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 |
| EPS (Diluted) | -0.18 | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 |
| Free Cash Flow | 705.54M | 437.19M | 218.65M | 34.79M | 55.31M | 223.00M |
| Free Cash Flow Per Share | 0.42 | 0.26 | 0.13 | 0.02 | 0.03 | 0.14 |
| Gross Margin | 57.33% | 54.99% | 53.87% | 54.10% | 61.00% | 57.49% |
| Operating Margin | -5.10% | -8.97% | -13.38% | -30.36% | -26.21% | -17.05% |
| Profit Margin | -4.90% | -7.76% | -13.02% | -28.71% | -31.07% | -11.85% |
| Free Cash Flow Margin | 11.11% | 7.37% | 4.08% | 0.76% | 1.20% | 5.42% |
| EBITDA | -146.28M | -368.53M | -562.26M | -1.25B | -1.05B | -582.93M |
| EBITDA Margin | -2.30% | -6.21% | -10.49% | -27.13% | -22.89% | -14.16% |
| D&A For EBITDA | 177.54M | 163.63M | 154.87M | 148.54M | 152.87M | 119.14M |
| EBIT | -323.81M | -532.17M | -717.14M | -1.40B | -1.21B | -702.07M |
| EBIT Margin | -5.10% | -8.97% | -13.38% | -30.36% | -26.21% | -17.05% |
| Advertising Expenses | 23.60M | 57.70M | 24.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 958.85M | 1.03B | 1.05B | 1.78B | 1.42B | 1.99B |
| Short-Term Investments | 1.70B | 1.91B | 2.33B | 1.76B | 2.52B | 1.70B |
| Cash & Short-Term Investments | 2.66B | 2.94B | 3.38B | 3.54B | 3.94B | 3.69B |
| Receivables | 1.24B | 1.37B | 1.35B | 1.28B | 1.18B | 1.07B |
| Prepaid Expenses | 309.53M | 272.06M | 182.01M | 153.59M | 134.43M | 92.24M |
| Total Current Assets | 4.21B | 4.58B | 4.91B | 4.98B | 5.26B | 4.85B |
| Property, Plant & Equipment | 1.15B | 1.08B | 1.02B | 927.19M | 642.73M | 524.90M |
| Long-Term Investments | 185.91M | 183.74M | 188.34M | 195.33M | 252.34M | 262.70M |
| Goodwill | 1.78B | 1.72B | 1.69B | 1.69B | 1.65B | 1.59B |
| Other Intangible Assets | 94.31M | 66.61M | 86.36M | 146.30M | 204.48M | 277.65M |
| Other Long-Term Assets | 54.82M | 37.52M | 45.57M | 31.27M | 27.22M | 28.60M |
| Total Assets | 7.47B | 7.68B | 7.94B | 7.97B | 8.03B | 7.54B |
| Accounts Payable | 177.42M | 219.79M | 173.20M | 278.96M | 181.77M | 125.28M |
| Accrued Expenses | 847.13M | 210.53M | 217.41M | 204.77M | 206.44M | 177.66M |
| Current Portion of Long-Term Debt | 153.16M | 46.97M | 36.21M | |||
| Current Portion of Leases | 47.82M | 48.48M | 24.89M | 49.32M | 46.48M | 52.40M |
| Current Unearned Revenue | 207.40M | 145.21M | 112.77M | 93.71M | 50.78M | 44.47M |
| Other Current Liabilities | 615.88M | 679.08M | 507.36M | 730.12M | 451.98M | |
| Total Current Liabilities | 1.43B | 1.29B | 1.24B | 1.13B | 1.22B | 851.79M |
| Long-Term Debt | 3.38B | 3.49B | 3.61B | 3.75B | 3.74B | 2.25B |
| Long-Term Leases | 643.32M | 557.82M | 575.08M | 546.28M | 386.27M | 325.51M |
| Other Long-Term Liabilities | 85.38M | 61.76M | 59.24M | 123.85M | 104.45M | 315.76M |
| Total Liabilities | 5.54B | 5.40B | 5.49B | 5.55B | 5.45B | 3.75B |
| Common Stock | 17.00K | 17.00K | 16.00K | 16.00K | 15.00K | 16.00K |
| Additional Paid-In Capital | 17.14B | 16.64B | 15.64B | 14.61B | 13.31B | 12.07B |
| Retained Earnings | -14.80B | -13.95B | -12.74B | -11.73B | -10.21B | -8.28B |
| Treasury Stock | -424.58M | -435.72M | -460.62M | -479.90M | -500.51M | |
| Comprehensive Income & Other | 8.74M | 26.69M | 2.69M | 7.13M | -13.97M | 5.52M |
| Total Common Equity | 1.93B | 2.28B | 2.45B | 2.41B | 2.58B | 3.79B |
| Shareholders' Equity | 1.93B | 2.28B | 2.45B | 2.41B | 2.58B | 3.79B |
| Total Liabilities & Equity | 7.47B | 7.68B | 7.94B | 7.97B | 8.03B | 7.54B |
| Total Debt | 4.23B | 4.14B | 4.24B | 4.34B | 4.18B | 2.63B |
| Net Cash (Debt) | -1.57B | -1.20B | -867.62M | -800.92M | -236.15M | 1.06B |
| Net Cash Per Share | -0.93 | -0.71 | -0.52 | -0.50 | -0.15 | 0.68 |
| Filing Date Shares Outstanding | 1.69B | 1.69B | 1.70B | 1.65B | 1.58B | 1.62B |
| Total Common Shares Outstanding | 1.68B | 1.71B | 1.69B | 1.65B | 1.57B | 1.62B |
| Working Capital | 2.77B | 3.30B | 3.66B | 3.84B | 4.04B | 4.00B |
| Book Value Per Share | 1.15 | 1.33 | 1.45 | 1.47 | 1.64 | 2.34 |
| Tangible Book Value | 52.65M | 494.11M | 674.61M | 575.98M | 730.10M | 1.92B |
| Tangible Book Value Per Share | 0.03 | 0.29 | 0.40 | 0.35 | 0.46 | 1.19 |
| Buildings | 21.49M | 21.49M | 21.49M | 21.49M | ||
| Machinery | 325.14M | 282.42M | 230.47M | 162.97M | 130.48M | |
| Construction In Progress | 41.30M | 63.28M | 90.04M | 80.27M | 44.30M | |
| Leasehold Improvements | 560.55M | 450.83M | 332.72M | 225.65M | 203.12M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -311.24M | -460.49M | -697.86M | -1.32B | -1.43B | -487.95M |
| Depreciation & Amortization | 177.54M | 163.63M | 154.87M | 148.54M | 152.87M | 119.14M |
| Other Amortization | 6.88M | 6.88M | 9.39M | 7.36M | 6.87M | 4.31M |
| Asset Writedown & Restructuring Costs | 3.20M | 19.90M | 49.30M | |||
| Loss (Gain) From Sale of Investments | 3.06M | 16.94M | 8.46M | 33.03M | 36.84M | -289.05M |
| Stock-Based Compensation | 1.03B | 1.02B | 1.04B | 1.32B | 1.39B | 1.09B |
| Other Operating Activities | -8.19M | -70.61M | -14.15M | -26.96M | 15.60M | 50.18M |
| Change in Accounts Receivable | -115.93M | -31.83M | -94.00M | -98.13M | -119.78M | -332.97M |
| Change in Accounts Payable | 68.16M | 45.92M | -100.73M | 94.99M | 46.49M | 53.58M |
| Change in Other Net Operating Assets | 67.95M | -31.09M | 103.28M | 66.27M | 38.30M | 83.51M |
| Operating Cash Flow | 919.06M | 656.17M | 413.48M | 246.52M | 184.61M | 292.88M |
| Capital Expenditures | -213.51M | -218.98M | -194.83M | -211.73M | -129.31M | -69.88M |
| Cash Acquisitions | -65.05M | -35.50M | -50.25M | -67.07M | -310.92M | |
| Investment in Securities | 270.68M | 431.18M | -522.16M | 835.71M | -847.78M | 472.91M |
| Other Investing Activities | -4.08M | -3.58M | -100.00K | -2.78M | -18.12M | -1.90M |
| Investing Cash Flow | -11.97M | 173.12M | -717.08M | 570.95M | -1.06B | 90.23M |
| Long-Term Debt Issued | 2.01B | 740.35M | 1.48B | 1.14B | ||
| Total Debt Issued | 541.11M | 2.01B | 740.35M | 1.48B | 1.14B | |
| Long-Term Debt Repaid | -2.03B | -859.04M | ||||
| Total Debt Repaid | -549.92M | -2.03B | -859.04M | |||
| Net Debt Issued (Repaid) | -8.81M | -16.60M | -118.69M | 1.48B | 1.14B | |
| Issuance of Common Stock | 374.00K | 374.00K | 12.80M | 1.04M | 4.27M | 14.67M |
| Repurchase of Common Stock | -851.26M | -750.87M | -311.07M | -189.39M | -1.00B | |
| Other Financing Activities | -15.84M | -81.04M | -11.66M | -270.43M | -180.01M | -86.83M |
| Financing Cash Flow | -875.54M | -848.12M | -428.62M | -458.79M | 306.71M | 1.07B |
| Net Cash Flow | 31.55M | -18.84M | -732.23M | 358.69M | -570.95M | 1.45B |
| Free Cash Flow | 705.54M | 437.19M | 218.65M | 34.79M | 55.31M | 223.00M |
| Free Cash Flow Margin | 11.11% | 7.37% | 4.08% | 0.76% | 1.20% | 5.42% |
| Free Cash Flow Per Share | 0.42 | 0.26 | 0.13 | 0.02 | 0.03 | 0.14 |
| Levered Free Cash Flow | 714.26M | 454.65M | 547.72M | 181.87M | 864.15M | 508.33M |
| Unlevered Free Cash Flow | 797.81M | 524.02M | 551.80M | 188.27M | 870.70M | 515.07M |
| Cash Interest Paid | 137.76M | 65.06M | 10.28M | 10.24M | 8.87M | 10.89M |
| Cash Income Tax Paid | 26.72M | 26.72M | 24.69M | 30.92M | 12.09M | 25.33M |
| Change in Working Capital | 20.18M | -17.00M | -91.46M | 63.13M | -34.99M | -195.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.27B | 13.88B | 18.06B | 27.87B | 14.44B | 75.71B |
| Enterprise Value | 10.83B | 15.04B | 19.11B | 28.42B | 14.19B | 74.83B |
| Last Close Price | 5.34 | 8.07 | 10.77 | 16.93 | 8.95 | 47.03 |
| Forward PE | 7.60 | 18.62 | 29.59 | 161.00 | 32.52 | 121.56 |
| PS Ratio | 1.42 | 2.34 | 3.37 | 6.05 | 3.14 | 18.39 |
| PB Ratio | 4.66 | 6.08 | 7.37 | 11.55 | 5.59 | 19.98 |
| P/TBV Ratio | 171.53 | 28.08 | 26.78 | 48.39 | 19.77 | 39.35 |
| P/FCF Ratio | 12.80 | 31.74 | 82.61 | 801.10 | 261.03 | 339.49 |
| P/OCF Ratio | 9.83 | 21.15 | 43.69 | 113.07 | 78.20 | 258.50 |
| PEG Ratio | 0.20 | 0.65 | 5.96 | 0.82 | 0.76 | 20.79 |
| EV/Sales Ratio | 1.67 | 2.54 | 3.56 | 6.17 | 3.08 | 18.18 |
| EV/FCF Ratio | 15.02 | 34.39 | 87.41 | 816.70 | 256.59 | 335.54 |
| Debt / Equity Ratio | 2.19 | 1.82 | 1.73 | 1.80 | 1.62 | 0.69 |
| Debt / FCF Ratio | 5.99 | 9.48 | 19.41 | 124.88 | 75.49 | 11.80 |
| Net Debt / Equity Ratio | 0.81 | 0.53 | 0.35 | 0.33 | 0.09 | -0.28 |
| Net Debt / EBITDA Ratio | -10.71 | -3.26 | -1.54 | -0.64 | -0.22 | 1.82 |
| Net Debt / FCF Ratio | 2.22 | 2.75 | 3.97 | 23.02 | 4.27 | -4.76 |
| Asset Turnover | 0.85 | 0.76 | 0.67 | 0.58 | 0.59 | 0.66 |
| Quick Ratio | 2.72 | 3.35 | 3.80 | 4.25 | 4.21 | 5.59 |
| Current Ratio | 2.94 | 3.56 | 3.95 | 4.39 | 4.32 | 5.70 |
| Return on Equity (ROE) | -15.58% | -19.46% | -28.69% | -52.95% | -44.88% | -15.95% |
| Return on Assets (ROA) | -2.72% | -4.26% | -5.64% | -10.93% | -9.69% | -6.99% |
| Return on Capital Employed (ROCE) | -5.40% | -8.30% | -10.70% | -20.50% | -17.70% | -10.50% |
| Earnings Yield | -3.36% | -3.32% | -3.86% | -4.75% | -9.90% | -0.65% |
| FCF Yield | 7.81% | 3.15% | 1.21% | 0.12% | 0.38% | 0.29% |
| Buyback Yield / Dilution | -0.64% | -2.14% | -2.89% | -0.26% | -3.16% | -7.10% |