Financials
Income statement, balance sheet and cash flow, built from SEC EDGAR filings.
Snap Inc
SNAP
· CIK 0001564408
Figures in millions of USD unless the line is a per-share amount or a share count.
| Line item | TTM 2026-06-30 | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 6,351 | 5,931 | 5,361 | 4,606 | 4,602 | 4,117 | 2,507 | 1,716 | 1,180 |
| Operating Income | -324 | -532 | -787 | -1,398 | -1,395 | -702 | -862 | -1,103 | -1,268 |
| Pre-Tax Income | -312 | -451 | -672 | -1,294 | -1,401 | -474 | -926 | -1,033 | -1,253 |
| Net Income | -311 | -460 | -698 | -1,322 | -1,430 | -488 | -945 | -1,034 | -1,256 |
| EPS (Diluted) | -0.18 | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 |
| Balance Sheet | |||||||||
| Total Assets | 7,470 | 7,678 | 7,936 | 7,968 | 8,030 | 7,536 | 5,024 | 4,012 | 2,714 |
| Total Liabilities | 5,543 | 5,396 | 5,486 | 5,554 | 5,449 | 3,746 | 2,694 | 1,752 | 403 |
| Shareholders' Equity | 1,927 | 2,281 | 2,451 | 2,414 | 2,581 | 3,790 | 2,330 | 2,260 | 2,311 |
| Cash & Equivalents | 959 | 1,030 | 1,047 | 1,780 | 1,423 | 1,994 | 546 | 520 | 387 |
| Cash Flow | |||||||||
| Operating Cash Flow | 919 | 656 | 413 | 247 | 185 | 293 | -168 | -305 | -690 |
| Capital Expenditures | -214 | -219 | -195 | -212 | -129 | -70 | -58 | -36 | -120 |
| Free Cash Flow | 706 | 437 | 219 | 35 | 55 | 223 | -225 | -341 | -810 |
| Ratios | |||||||||
| Operating Margin | -5.10% | -8.97% | -14.68% | -30.36% | -30.32% | -17.05% | -34.39% | -64.31% | -107.46% |
| Profit Margin | -4.90% | -7.76% | -13.02% | -28.71% | -31.07% | -11.85% | -37.69% | -60.25% | -106.39% |
| Free Cash Flow Margin | 11.11% | 7.37% | 4.08% | 0.76% | 1.20% | 5.42% | -9.00% | -19.90% | -68.63% |
| Line item | TTM 2026-06-30 | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Total Revenue | 6,351 | 5,931 | 5,361 | 4,606 | 4,602 | 4,117 | 2,507 | 1,716 | 1,180 |
| Cost of Revenue | |||||||||
| Cost of Revenue | 2,710 | 2,670 | 2,474 | 2,114 | 1,815 | 1,750 | 1,183 | 896 | 799 |
| Operating Expenses | |||||||||
| R&D Expense | 1,946 | 1,794 | 1,692 | 1,911 | 2,110 | 1,565 | 1,102 | 884 | 772 |
| Selling & Marketing | 1,043 | 1,021 | 1,064 | 1,122 | 1,119 | 793 | 555 | 459 | 401 |
| General & Administrative | 976 | 979 | 919 | 857 | 953 | 711 | 529 | 581 | 477 |
| Total Costs & Expenses | 6,675 | 6,464 | 6,149 | 6,004 | 5,997 | 4,819 | 3,369 | 2,819 | 2,449 |
| Operating Income | |||||||||
| Operating Income | -324 | -532 | -787 | -1,398 | -1,395 | -702 | -862 | -1,103 | -1,268 |
| Non-Operating Items | |||||||||
| Interest Expense | -145 | -122 | -22 | -22 | -21 | -18 | -97 | -25 | -4 |
| Interest Income | 115 | 134 | 153 | 168 | 59 | 5 | 18 | 36 | 27 |
| Other Non-Operating Items | 41 | 69 | -17 | -42 | -43 | 240 | 15 | 59 | -8 |
| Pre-Tax Income | |||||||||
| Income Before Tax | -312 | -451 | -672 | -1,294 | -1,401 | -474 | -926 | -1,033 | -1,253 |
| Tax | |||||||||
| Income Tax Expense | 1 | -9 | -26 | -28 | -29 | -14 | -19 | 0 | -3 |
| Net Income | |||||||||
| Net Income Available to Common | -311 | -460 | -698 | -1,322 | -1,430 | -488 | -945 | -1,034 | -1,256 |
| EPS | |||||||||
| EPS (Basic) | -0.18 | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 |
| EPS (Diluted) | -0.18 | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 |
| Shares | |||||||||
| Shares Outstanding (Basic) | 6,758 | 1,695 | 1,659 | 1,613 | 1,608 | 1,559 | 1,456 | 1,375 | 1,301 |
| Shares Outstanding (Diluted) | 6,758 | 1,695 | 1,659 | 1,613 | 1,608 | 1,559 | 1,456 | 1,375 | 1,301 |
| Line item | TTM 2026-06-30 | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total Assets | 7,470 | 7,678 | 7,936 | 7,968 | 8,030 | 7,536 | 5,024 | 4,012 | 2,714 |
| Current Assets | 4,207 | 4,585 | 4,907 | 4,976 | 5,257 | 4,854 | 3,338 | 2,644 | 1,676 |
| Current Assets | |||||||||
| Cash & Cash Equivalents | 959 | 1,030 | 1,047 | 1,780 | 1,423 | 1,994 | 546 | 520 | 387 |
| Marketable Securities, Current | 1,701 | 1,910 | 2,330 | 1,764 | 2,516 | 1,699 | 1,992 | 1,592 | 892 |
| Accounts Receivable, Net | 1,237 | 1,372 | 1,348 | 1,278 | 1,183 | 1,069 | 744 | 492 | 355 |
| Prepaid & Other Current Assets | 310 | 272 | 182 | 154 | 134 | 92 | 56 | 39 | 42 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment, Net | 586 | 578 | 489 | 410 | 272 | 203 | 179 | 174 | 213 |
| Goodwill | 1,780 | 1,721 | 1,690 | 1,692 | 1,646 | 1,588 | 939 | 761 | 632 |
| Other Non-Current Assets | 241 | 221 | 234 | 227 | 280 | 291 | 193 | 66 | 67 |
| Operating Lease Right-of-Use Assets | 562 | 506 | 530 | 517 | 371 | 322 | 270 | 275 | — |
| Liabilities & Equity | |||||||||
| Total Liabilities & Equity | 7,470 | 7,678 | 7,936 | 7,968 | 8,030 | 7,536 | 5,024 | 4,012 | 2,714 |
| Liabilities | |||||||||
| Total Liabilities | 5,543 | 5,396 | 5,486 | 5,554 | 5,449 | 3,746 | 2,694 | 1,752 | 403 |
| Current Liabilities | |||||||||
| Current Liabilities | 1,433 | 1,287 | 1,244 | 1,134 | 1,216 | 852 | 667 | 500 | 293 |
| Accounts Payable | 177 | 220 | 173 | 279 | 182 | 125 | 72 | 47 | 31 |
| Accrued Liabilities | 1,055 | 972 | 1,009 | 806 | 987 | 674 | 554 | 411 | 262 |
| Operating Lease Liability, Current | 48 | 48 | 25 | 49 | 46 | 52 | 41 | 42 | — |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 3,381 | 3,490 | 3,608 | — | — | — | — | — | — |
| Operating Lease Liability, Non-Current | 643 | 558 | 575 | 546 | 386 | 326 | 287 | 303 | — |
| Other Non-Current Liabilities | 85 | 62 | 59 | 124 | 104 | 316 | 64 | 57 | 110 |
| Equity | |||||||||
| Total Stockholders' Equity | 1,927 | 2,281 | 2,451 | 2,414 | 2,581 | 3,790 | 2,330 | 2,260 | 2,311 |
| Additional Paid-In Capital | 17,144 | 16,637 | 15,644 | 14,613 | 13,310 | 12,069 | 10,200 | 9,205 | 8,220 |
| Retained Earnings (Deficit) | -14,801 | -13,947 | -12,735 | -11,727 | -10,215 | -8,284 | -7,892 | -6,946 | -5,913 |
| Accumulated OCI | 9 | 27 | 3 | 7 | -14 | 6 | 21 | 1 | 3 |
| Treasury Stock | -425 | -436 | -461 | -480 | -501 | 0 | — | — | — |
| Other Items | |||||||||
| Common stock, shares outstanding | 1,726 | 1,756 | 1,738 | 1,695 | 1,625 | 1,619 | 1,503 | — | — |
| Treasury stock, common shares | — | — | — | — | 51 | — | — | — | — |
| Intangible Asset, Finite-Lived, after Accumulated Amortization | 94 | 67 | 86 | 146 | 204 | 278 | 106 | 92 | 126 |
| Short-Term Debt | 153 | 47 | 36 | — | — | — | — | — | — |
| Convertible Debt, Current | — | — | 36 | 0 | — | — | — | — | — |
| Convertible Debt, Noncurrent | — | — | 3,608 | 3,749 | 3,743 | 2,253 | 1,675 | 892 | — |
| Line item | TTM 2026-06-30 | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | -311 | -460 | -698 | -1,322 | -1,430 | -488 | -945 | -1,034 | -1,256 |
| Operating Cash Flow | 919 | 656 | 413 | 247 | 185 | 293 | -168 | -305 | -690 |
| Depreciation & Amortization (CF) | 178 | 164 | 158 | 168 | 202 | 119 | 87 | 87 | 92 |
| Share-Based Compensation | 1,031 | 1,017 | 1,041 | 1,324 | 1,388 | 1,092 | 770 | 686 | 538 |
| Deferred Income Tax | — | — | — | — | — | — | -6 | 0 | 0 |
| Change in Accounts Receivable | -116 | -32 | -94 | -98 | -120 | -333 | -256 | -148 | -78 |
| Change in Accounts Payable | 68 | 46 | -101 | 95 | 46 | 54 | 20 | 21 | -34 |
| Change in Accrued Liabilities | 116 | 13 | 150 | 62 | 72 | 117 | 109 | 146 | -14 |
| Change in Other Operating Assets | 1 | 8 | -10 | 2 | -1 | -11 | -11 | 1 | 22 |
| Change in Other Operating Liabilities | -11 | -8 | 8 | 9 | 5 | 6 | 10 | -1 | 6 |
| Change in Prepaid & Other Assets | -68 | -67 | -37 | -10 | -41 | -27 | -15 | -10 | 2 |
| Loss/(Gain) on Debt Extinguishment | -30 | -97 | 7 | 0 | — | — | — | — | — |
| Other Non-Cash Items | 31 | 26 | -21 | -27 | 16 | 9 | 3 | -10 | -1 |
| Investing Activities | |||||||||
| Investing Cash Flow | -12 | 173 | -717 | 571 | -1,062 | 90 | -730 | -729 | 694 |
| Capital Expenditures | -214 | -219 | -195 | -212 | -129 | -70 | -58 | -36 | -120 |
| Acquisitions, Net of Cash | -65 | -35 | 0 | -50 | -67 | -311 | -169 | -77 | -1 |
| Maturities of Investments | 842 | 977 | 1,411 | 2,425 | 2,525 | 2,537 | 2,738 | 1,609 | 2,438 |
| Proceeds from Asset Sales | — | — | — | — | — | — | — | 0 | 11 |
| Other Investing Activities | -4 | -4 | 0 | -3 | -18 | -2 | 6 | 1 | 9 |
| Financing Activities | |||||||||
| Financing Cash Flow | -876 | -848 | -429 | -459 | 307 | 1,065 | 923 | 1,166 | 47 |
| Share Repurchases | -851 | -751 | -311 | -189 | -1,001 | 0 | 0 | — | — |
| Proceeds from Stock Options | 0 | 0 | 13 | 1 | 4 | 15 | 34 | 17 | 48 |
| Taxes Paid for Share Settlement | — | — | — | — | — | — | — | 0 | -1 |
| Debt Issuance Costs | — | — | 0 | 0 | -3 | 0 | 0 | — | — |
| Other Financing Activities | -8 | -8 | -2 | 0 | 0 | — | — | — | — |
| Reconciliation | |||||||||
| Net Change in Cash | 32 | -19 | -732 | 359 | -571 | 1,448 | 25 | 132 | 52 |
| Supplemental | |||||||||
| Interest Paid | — | 65 | 10 | 10 | 9 | 11 | 12 | 2 | — |
| Income Taxes Paid | — | 27 | 25 | 31 | 12 | 25 | 4 | 0 | 4 |
| Other Items | |||||||||
| Amortization of deferred financing costs | -2 | 7 | 9 | 7 | 7 | 4 | 81 | 18 | 0 |
| Amortization of deferred issuance costs | — | — | 9 | 7 | 7 | 4 | — | — | — |
| Debt and Equity Securities, Gain (Loss) | 3 | 17 | 8 | 33 | 37 | -289 | -10 | -19 | — |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | -40 | 0 |
| Induced Conversion of Convertible Debt Expense | — | — | — | 0 | 0 | 42 | 0 | — | — |
| Business Exit Costs | — | — | — | — | — | — | — | 0 | 33 |
| Excess inventory reserve and related asset impairment | — | — | — | — | — | — | — | 0 | 0 |
| Operating lease right-of-use assets | 60 | 57 | 54 | 71 | 71 | 47 | 39 | 58 | 0 |
| Operating lease liabilities | — | -34 | -63 | -68 | -69 | -49 | -50 | -61 | 0 |
| Purchases of strategic investments | -8 | -23 | -2 | -8 | -26 | -41 | -112 | -5 | — |
| Sales of strategic investments | — | 11 | 2 | 8 | 63 | 37 | 0 | — | — |
| Payments to Acquire Marketable Securities | -1,165 | -1,276 | -2,288 | -2,048 | -3,486 | -2,439 | -3,525 | -2,477 | -1,654 |
| Proceeds from Sale and Maturity of Marketable Securities | 592 | 741 | 354 | 459 | 76 | 380 | 390 | 184 | 45 |
| Non-marketable investments | — | — | — | — | — | — | -112 | -5 | -22 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | — | — | — | — | — | — | — | 74 | 0 |
| Payments to Acquire Intangible Assets | — | — | — | — | — | — | — | — | -3 |
| Origination of Notes Receivable from Related Parties | — | — | — | — | — | — | — | — | 0 |
| Proceeds from Convertible Debt | — | 2,014 | 740 | 0 | 1,484 | — | — | — | — |
| Repayment of Notes Receivable from Related Parties | — | — | — | — | — | — | — | — | 0 |
| Purchase of capped calls | 0 | 0 | -69 | 0 | -177 | — | — | — | — |
| Proceeds from Debt, Net of Issuance Costs | 541 | — | — | 0 | 1,484 | 1,137 | 989 | 1,251 | 0 |
| Proceeds from termination of capped calls | 0 | 0 | 63 | 0 | 0 | — | — | — | — |
| Payments for Hedge, Financing Activities | — | — | — | 0 | -177 | -87 | -100 | -102 | 0 |
| Deferred payments for acquisitions | -8 | -73 | -4 | -270 | 0 | 0 | — | — | — |
| Repurchases of convertible notes | — | -1,995 | -859 | 0 | — | — | — | — | — |
| Repayments of Convertible Debt | 0 | -36 | 0 | 0 | 0 | — | — | — | — |
| Proceeds from Issuance Initial Public Offering | — | — | — | — | — | — | — | 0 | 0 |
| Payments of Stock Issuance Costs | — | — | — | — | — | — | — | 0 | 0 |
| Proceeds from Lines of Credit | — | — | — | — | — | — | — | — | 0 |
| Repayments of Lines of Credit | — | — | — | — | — | — | — | — | 0 |
| Payments for Repurchase of Equity | — | — | — | — | — | — | — | — | 0 |
| Net change in accounts payable and accrued expenses and other current liabilities related to property and equipment additions | — | — | — | — | — | 6 | 3 | -6 | -8 |
| Proceeds from issuance of preferred stock | — | — | — | — | — | — | — | — | 0 |
| Income taxes paid (refund) | — | — | — | — | — | — | — | 0 | 4 |
| Assumed equity awards in acquisitions | — | — | — | — | — | — | — | — | 0 |
| Noncash or Part Noncash Acquisition, Value of Liabilities Assumed | — | — | — | — | — | — | — | — | 0 |
| Repurchase of Class B voting common stock and Series FP voting preferred stock in exchange for notes receivable from officers/stockholders | — | — | — | — | — | — | — | — | 0 |
| Recognition of leased facility asset and lease financing obligation | — | — | — | — | — | — | — | — | 2 |
| Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | — | — | — | — | — | — | — | — | 0 |
Ratios derived from the statements above and the EOD price feed; prices are taken at each period's end date.
| Line item | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Financial Efficiency | ||||||||
| Asset Turnover | 0.77 | 0.68 | 0.58 | 0.57 | 0.55 | 0.50 | 0.43 | 0.43 |
| Current Ratio | 3.56 | 3.95 | 4.39 | 4.32 | 5.70 | 5.00 | 5.29 | 5.73 |
| Debt / EBITDA Ratio | -11.24 | -6.74 | -0.48 | -0.36 | -0.65 | -0.42 | -0.34 | — |
| Debt / Equity Ratio | 1.82 | 1.73 | 0.25 | 0.17 | 0.10 | 0.14 | 0.15 | — |
| Debt / FCF Ratio | 9.48 | 19.41 | 17.12 | 7.82 | 1.69 | -1.46 | -1.01 | — |
| Net Debt / EBITDA Ratio | -3.26 | -1.38 | 2.40 | 2.94 | 5.69 | 2.85 | 1.74 | — |
| Net Debt / Equity Ratio | 0.53 | 0.35 | -1.22 | -1.36 | -0.87 | -0.95 | -0.78 | — |
| Net Debt / FCF Ratio | 2.75 | 3.97 | -84.74 | -63.40 | -14.86 | 9.80 | 5.18 | — |
| Quick Ratio | 3.35 | 3.80 | 4.25 | 4.21 | 5.59 | 4.92 | 5.21 | 5.58 |
| Return on Assets (ROA) | -5.90% | -8.78% | -16.53% | -18.37% | -7.77% | -20.91% | -30.74% | -40.94% |
| Return on Capital Employed (ROCE) | -8.33% | -11.76% | -20.46% | -20.48% | -10.50% | -19.79% | -31.41% | -52.38% |
| Return on Equity (ROE) | -19.46% | -28.69% | -52.95% | -44.88% | -15.95% | -41.17% | -45.23% | -47.36% |
| Return on Invested Capital (ROIC) | -13.22% | -21.03% | 247.49% | 154.45% | -102.69% | -782.12% | -209.90% | -121.70% |
| Yields | ||||||||
| Earnings Yield | -3.35% | -3.90% | — | — | — | — | — | — |
| FCF Yield | 3.20% | 1.22% | — | — | — | — | — | — |
| Total Valuation | ||||||||
| Enterprise Value | 12,473 | 17,001 | — | — | — | — | — | — |
| Last Close Price | 8.07 | 10.77 | — | — | — | — | — | — |
| Market Capitalization | 13,675 | 17,869 | — | — | — | — | — | — |
| EV Ratios | ||||||||
| EV/EBIT Ratio | -23.44 | -21.59 | — | — | — | — | — | — |
| EV/EBITDA Ratio | -33.84 | -27.02 | — | — | — | — | — | — |
| EV/FCF Ratio | 28.53 | 77.75 | — | — | — | — | — | — |
| EV/Sales Ratio | 2.10 | 3.17 | — | — | — | — | — | — |
| Price Ratios | ||||||||
| P/FCF Ratio | 31.28 | 81.72 | — | — | — | — | — | — |
| P/OCF Ratio | 20.84 | 43.22 | — | — | — | — | — | — |
| P/TBV Ratio | 27.68 | 26.49 | — | — | — | — | — | — |
| PB Ratio | 5.99 | 7.29 | — | — | — | — | — | — |
| PE Ratio | -29.89 | -25.64 | — | — | — | — | — | — |
| PEG Ratio | -0.84 | -0.53 | — | — | — | — | — | — |
| PS Ratio | 2.31 | 3.33 | — | — | — | — | — | — |