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 | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1,599 | 1,529 | 1,716 | 1,507 | 1,345 | 1,363 | 1,557 | 1,373 |
| Operating Income | -171 | -74 | 50 | -128 | -260 | -194 | -27 | -173 |
| Pre-Tax Income | -161 | -86 | 38 | -103 | -255 | -131 | 14 | -145 |
| Net Income | -164 | -89 | 45 | -104 | -263 | -140 | 9 | -153 |
| EPS (Diluted) | -0.10 | -0.05 | 0.03 | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 |
| Balance Sheet | ||||||||
| Total Assets | 7,470 | 7,502 | 7,678 | 7,578 | 7,399 | 7,589 | 7,936 | 7,591 |
| Total Liabilities | 5,543 | 5,417 | 5,396 | 5,351 | 5,330 | 5,278 | 5,486 | 5,381 |
| Shareholders' Equity | 1,927 | 2,084 | 2,281 | 2,227 | 2,069 | 2,311 | 2,451 | 2,210 |
| Cash & Equivalents | 959 | 1,062 | 1,030 | 953 | 926 | 911 | 1,047 | 965 |
| Cash Flow | ||||||||
| Operating Cash Flow | 176 | 327 | 270 | 146 | 88 | 152 | 231 | 116 |
| Capital Expenditures | -56 | -41 | -64 | -53 | -65 | -37 | -48 | -44 |
| Free Cash Flow | 121 | 286 | 206 | 93 | 24 | 114 | 182 | 72 |
| Ratios | ||||||||
| Operating Margin | -10.68% | -4.87% | 2.90% | -8.52% | -19.31% | -14.22% | -1.73% | -12.62% |
| Profit Margin | -10.25% | -5.82% | 2.63% | -6.87% | -19.52% | -10.24% | 0.58% | -11.16% |
| Free Cash Flow Margin | 7.54% | 18.71% | 11.98% | 6.20% | 1.77% | 8.39% | 11.71% | 5.23% |
| Line item | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Total Revenue | 1,599 | 1,529 | 1,716 | 1,507 | 1,345 | 1,363 | 1,557 | 1,373 |
| Cost of Revenue | ||||||||
| Cost of Revenue | 668 | 665 | 702 | 674 | 653 | 640 | 672 | 639 |
| Operating Expenses | ||||||||
| R&D Expense | 542 | 478 | 473 | 453 | 443 | 424 | 423 | 413 |
| Selling & Marketing | 298 | 239 | 249 | 256 | 258 | 258 | 248 | 273 |
| General & Administrative | 261 | 221 | 242 | 251 | 250 | 235 | 241 | 221 |
| Total Costs & Expenses | 1,770 | 1,603 | 1,667 | 1,635 | 1,605 | 1,557 | 1,584 | 1,546 |
| Operating Income | ||||||||
| Operating Income | -171 | -74 | 50 | -128 | -260 | -194 | -27 | -173 |
| Non-Operating Items | ||||||||
| Interest Expense | -37 | -37 | -36 | -34 | -28 | -23 | -6 | -6 |
| Interest Income | 25 | 26 | 32 | 32 | 33 | 37 | 39 | 39 |
| Other Non-Operating Items | 22 | -1 | -7 | 28 | -1 | 49 | 8 | -4 |
| Pre-Tax Income | ||||||||
| Income Before Tax | -161 | -86 | 38 | -103 | -255 | -131 | 14 | -145 |
| Tax | ||||||||
| Income Tax Expense | -2 | -3 | 7 | -1 | -8 | -8 | -5 | -8 |
| Net Income | ||||||||
| Net Income Available to Common | -164 | -89 | 45 | -104 | -263 | -140 | 9 | -153 |
| EPS | ||||||||
| EPS (Basic) | -0.10 | -0.05 | 0.03 | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 |
| EPS (Diluted) | -0.10 | -0.05 | 0.03 | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 |
| Shares | ||||||||
| Shares Outstanding (Basic) | 1,663 | 1,688 | 1,711 | 1,697 | 1,675 | 1,696 | 1,681 | 1,663 |
| Shares Outstanding (Diluted) | 1,663 | 1,688 | 1,711 | 1,697 | 1,675 | 1,696 | 1,681 | 1,663 |
| Line item | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total Assets | 7,470 | 7,502 | 7,678 | 7,578 | 7,399 | 7,589 | 7,936 | 7,591 |
| Current Assets | 4,207 | 4,280 | 4,585 | 4,476 | 4,284 | 4,577 | 4,907 | 4,589 |
| Current Assets | ||||||||
| Cash & Cash Equivalents | 959 | 1,062 | 1,030 | 953 | 926 | 911 | 1,047 | 965 |
| Marketable Securities, Current | 1,701 | 1,761 | 1,910 | 2,040 | 1,967 | 2,296 | 2,330 | 2,227 |
| Accounts Receivable, Net | 1,237 | 1,187 | 1,372 | 1,248 | 1,165 | 1,158 | 1,348 | 1,196 |
| Prepaid & Other Current Assets | 310 | 269 | 272 | 235 | 226 | 213 | 182 | 201 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment, Net | 586 | 581 | 578 | 557 | 544 | 501 | 489 | 466 |
| Goodwill | 1,780 | 1,754 | 1,721 | 1,721 | 1,721 | 1,692 | 1,690 | 1,694 |
| Other Non-Current Assets | 241 | 230 | 221 | 226 | 227 | 216 | 234 | 226 |
| Operating Lease Right-of-Use Assets | 562 | 564 | 506 | 520 | 534 | 528 | 530 | 517 |
| Liabilities & Equity | ||||||||
| Total Liabilities & Equity | 7,470 | 7,502 | 7,678 | 7,578 | 7,399 | 7,589 | 7,936 | 7,591 |
| Liabilities | ||||||||
| Total Liabilities | 5,543 | 5,417 | 5,396 | 5,351 | 5,330 | 5,278 | 5,486 | 5,381 |
| Current Liabilities | ||||||||
| Current Liabilities | 1,433 | 1,214 | 1,287 | 1,221 | 1,103 | 1,064 | 1,244 | 1,136 |
| Accounts Payable | 177 | 238 | 220 | 154 | 117 | 209 | 173 | 157 |
| Accrued Liabilities | 1,055 | 895 | 972 | 977 | 954 | 796 | 1,009 | 921 |
| Operating Lease Liability, Current | 48 | 33 | 48 | 43 | 32 | 23 | 25 | 21 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 3,381 | 3,489 | 3,490 | 3,491 | 3,576 | 3,577 | 3,608 | — |
| Operating Lease Liability, Non-Current | 643 | 633 | 558 | 572 | 584 | 575 | 575 | 578 |
| Other Non-Current Liabilities | 85 | 82 | 62 | 67 | 67 | 61 | 59 | 62 |
| Equity | ||||||||
| Total Stockholders' Equity | 1,927 | 2,084 | 2,281 | 2,227 | 2,069 | 2,311 | 2,451 | 2,210 |
| Additional Paid-In Capital | 17,144 | 16,888 | 16,637 | 16,384 | 16,127 | 15,879 | 15,644 | 15,391 |
| Retained Earnings (Deficit) | -14,801 | -14,386 | -13,947 | -13,742 | -13,638 | -13,132 | -12,735 | -12,745 |
| Accumulated OCI | 9 | 15 | 27 | 26 | 25 | 13 | 3 | 29 |
| Treasury Stock | -425 | -432 | -436 | -440 | -445 | -449 | -461 | — |
| Other Items | ||||||||
| Common stock, shares outstanding | 1,726 | 1,742 | 1,756 | 1,756 | 1,728 | 1,733 | 1,738 | 1,720 |
| Intangible Asset, Finite-Lived, after Accumulated Amortization | 94 | 94 | 67 | 77 | 89 | 75 | 86 | 99 |
| Short-Term Debt | 153 | 47 | 47 | 47 | 0 | 36 | 36 | — |
| Convertible Debt, Current | — | — | — | — | — | — | 36 | 36 |
| Convertible Debt, Noncurrent | — | — | — | — | — | — | 3,608 | 3,605 |
| Line item | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | -164 | -89 | 45 | -104 | -263 | -140 | 9 | -153 |
| Operating Cash Flow | 176 | 327 | 270 | 146 | 88 | 152 | 231 | 116 |
| Depreciation & Amortization (CF) | 47 | 45 | 43 | 43 | 40 | 38 | 40 | 39 |
| Share-Based Compensation | 263 | 250 | 257 | 260 | 252 | 247 | 258 | 260 |
| Change in Accounts Receivable | -68 | 175 | -134 | -89 | -3 | 194 | -167 | -52 |
| Change in Accounts Payable | -60 | 22 | 68 | 38 | -94 | 34 | 12 | -17 |
| Change in Accrued Liabilities | 156 | -68 | 4 | 24 | 148 | -163 | 104 | 19 |
| Change in Operating Lease Liability | -9 | -12 | — | 1 | -8 | -17 | — | -16 |
| Change in Other Operating Assets | 0 | 0 | 1 | 0 | -2 | 9 | -7 | 3 |
| Change in Other Operating Liabilities | 0 | 1 | -10 | -1 | 2 | 1 | 0 | 2 |
| Change in Prepaid & Other Assets | -14 | -16 | -21 | -16 | -7 | -23 | 0 | 12 |
| Loss/(Gain) on Debt Extinguishment | 0 | 0 | 0 | -30 | 0 | -67 | 0 | 0 |
| Other Non-Cash Items | 11 | 5 | 12 | 3 | 12 | -1 | -10 | 2 |
| Investing Activities | ||||||||
| Investing Cash Flow | -24 | 57 | 63 | -108 | 215 | 3 | -149 | -223 |
| Capital Expenditures | -56 | -41 | -64 | -53 | -65 | -37 | -48 | -44 |
| Acquisitions, Net of Cash | -26 | -39 | 0 | 0 | -35 | 0 | 0 | 0 |
| Maturities of Investments | 216 | 214 | 192 | 220 | 301 | 264 | 241 | 338 |
| Other Investing Activities | -1 | — | -4 | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | ||||||||
| Financing Cash Flow | -255 | -352 | -257 | -12 | -291 | -289 | 0 | 10 |
| Share Repurchases | -250 | -350 | -250 | 0 | -243 | -257 | 0 | 0 |
| Proceeds from Stock Options | — | — | 0 | 0 | 0 | 0 | 0 | 10 |
| Other Financing Activities | -2 | -2 | -2 | -3 | -2 | -2 | 0 | 0 |
| Reconciliation | ||||||||
| Net Change in Cash | -103 | 32 | 76 | 27 | 13 | -134 | 82 | -97 |
| Other Items | ||||||||
| Amortization of deferred financing costs | -1 | -1 | -1 | 1 | -1 | 8 | 3 | 3 |
| Amortization of deferred issuance costs | — | — | — | — | — | — | 3 | 3 |
| Debt and Equity Securities, Gain (Loss) | 0 | 1 | 1 | 1 | -1 | 16 | -4 | 1 |
| Operating lease right-of-use assets | 16 | 15 | 14 | 15 | 14 | 14 | 13 | 13 |
| Purchases of strategic investments | 0 | -6 | -3 | 0 | -20 | 0 | 0 | 0 |
| Sales of strategic investments | — | — | — | 11 | 0 | — | — | 1 |
| Payments to Acquire Marketable Securities | -214 | -302 | -260 | -389 | -391 | -236 | -342 | -705 |
| Proceeds from Sale and Maturity of Marketable Securities | 55 | 232 | 202 | 103 | 425 | 12 | 0 | 188 |
| Proceeds from Debt, Net of Issuance Costs | 0 | 0 | — | 541 | 0 | 1,473 | — | 0 |
| Proceeds from Convertible Debt | — | — | — | — | — | — | 0 | 0 |
| Deferred payments for acquisitions | -3 | 0 | -5 | 0 | -10 | -58 | 0 | 0 |
| Repurchases of convertible notes | 0 | 0 | — | -550 | 0 | -1,445 | — | 0 |
| Repayments of Convertible Debt | 0 | — | 0 | 0 | -36 | -1,445 | 0 | 0 |
| Purchase of capped calls | — | — | 0 | 0 | 0 | — | 0 | 0 |
| Proceeds from termination of capped calls | — | — | 0 | 0 | 0 | — | 0 | 0 |
Ratios derived from the statements above and the EOD price feed; prices are taken at each period's end date.
| Line item | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Financial Efficiency | ||||||||
| Asset Turnover | 0.21 | 0.20 | 0.22 | 0.20 | 0.18 | 0.18 | 0.20 | 0.18 |
| Current Ratio | 2.94 | 3.53 | 3.56 | 3.67 | 3.88 | 4.30 | 3.95 | 4.04 |
| Debt / EBITDA Ratio | -34.14 | -141.22 | 44.50 | -48.38 | -19.08 | -26.97 | 334.06 | -4.46 |
| Debt / Equity Ratio | 2.19 | 2.02 | 1.82 | 1.86 | 2.03 | 1.82 | 1.73 | 0.27 |
| Debt / FCF Ratio | 35.06 | 14.69 | 20.16 | 44.45 | 176.19 | 36.81 | 23.27 | 8.34 |
| Net Debt / EBITDA Ratio | -12.65 | -46.34 | 12.92 | -13.51 | -5.91 | -6.43 | 68.29 | 19.30 |
| Net Debt / Equity Ratio | 0.81 | 0.66 | 0.53 | 0.52 | 0.63 | 0.43 | 0.35 | -1.17 |
| Net Debt / FCF Ratio | 12.99 | 4.82 | 5.85 | 12.42 | 54.59 | 8.78 | 4.76 | -36.10 |
| Quick Ratio | 2.72 | 3.30 | 3.35 | 3.47 | 3.68 | 4.10 | 3.80 | 3.86 |
| Return on Assets (ROA) | -2.19% | -1.17% | 0.59% | -1.38% | -3.50% | -1.80% | 0.12% | -2.04% |
| Return on Capital Employed (ROCE) | -2.83% | -1.18% | 0.78% | -2.02% | -4.12% | -2.97% | -0.40% | -2.68% |
| Return on Equity (ROE) | -8.17% | -4.07% | 2.01% | -4.82% | -11.99% | -5.86% | 0.39% | -7.17% |
| Return on Invested Capital (ROIC) | -4.69% | -2.57% | 1.30% | -3.06% | -7.80% | -4.21% | 0.27% | 40.03% |
| Yields | ||||||||
| Earnings Yield | -2.25% | -1.09% | 0.33% | -0.78% | -1.84% | -0.92% | 0.05% | -0.84% |
| FCF Yield | 1.63% | 3.68% | 1.49% | 0.71% | 0.16% | 0.77% | 1.01% | 0.40% |
| Total Valuation | ||||||||
| Enterprise Value | 5,820 | 6,384 | 12,602 | 11,920 | 13,256 | 13,771 | 17,242 | 20,387 |
| Last Close Price | 4.44 | 4.60 | 8.07 | 7.71 | 8.69 | 8.71 | 10.77 | 10.70 |
| Market Capitalization | 7,386 | 7,763 | 13,805 | 13,080 | 14,554 | 14,775 | 18,109 | 17,794 |
| EV Ratios | ||||||||
| EV/EBIT Ratio | -34.09 | -85.76 | 253.48 | -92.86 | -51.05 | -71.04 | -641.50 | -117.70 |
| EV/EBITDA Ratio | -47.02 | -214.58 | 135.37 | -138.85 | -60.35 | -88.20 | 1,357.18 | -151.74 |
| EV/FCF Ratio | 48.28 | 22.32 | 61.31 | 127.56 | 557.12 | 120.38 | 94.55 | 283.82 |
| EV/Sales Ratio | 3.64 | 4.18 | 7.34 | 7.91 | 9.86 | 10.10 | 11.07 | 14.85 |
| Price Ratios | ||||||||
| P/FCF Ratio | 61.27 | 27.14 | 67.16 | 139.98 | 611.71 | 129.16 | 99.31 | 247.72 |
| P/OCF Ratio | 41.91 | 23.76 | 51.21 | 89.29 | 164.47 | 97.46 | 78.52 | 153.57 |
| P/TBV Ratio | 140.28 | 32.81 | 27.94 | 30.45 | 56.04 | 27.13 | 26.84 | 42.65 |
| PB Ratio | 3.83 | 3.72 | 6.05 | 5.87 | 7.03 | 6.39 | 7.39 | 8.05 |
| PE Ratio | -44.40 | -92.00 | 305.68 | -128.50 | -54.31 | -108.88 | 1,994.44 | -118.89 |
| PEG Ratio | — | — | 2.12 | -2.06 | — | — | 18.82 | -2.97 |
| PS Ratio | 4.62 | 5.08 | 8.04 | 8.68 | 10.82 | 10.84 | 11.63 | 12.96 |