Snap Inc SNAP
Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.
Our flagship product, Snapchat, is a visual messaging application that enhances your relationships with friends, family, and the world. Visual messaging is a fast, fun way to communicate with friends and family using augmented reality, video, voice, messaging, and creative tools. Snaps are deleted by default to mimic real-life conversations, so there is less pressure to look popular or perfect when creating and sending images on Snapchat. By reducing the friction typically associated with creating and sharing content, Snapchat has become one of the most used cameras in the world.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.93B | $5.36B | $4.61B | $4.60B | $4.12B | $2.51B | $1.72B | $1.18B | $824.9M | $404.5M |
| Cost of revenue | $2.67B | $2.47B | $2.11B | $1.82B | $1.75B | $1.18B | $895.8M | $798.9M | $717.5M | $451.7M |
| Gross profit | $3.26B | $2.89B | $2.49B | $2.79B | $2.37B | $1.32B | $819.7M | $381.6M | $107.5M | -$47.2M |
| R&D | $1.79B | $1.69B | $1.91B | $2.11B | $1.57B | $1.10B | $883.5M | $772.2M | $1.53B | $183.7M |
| SG&A | $979.1M | $919.1M | $857.4M | $953.3M | $710.6M | $529.2M | $580.9M | $477.0M | $1.54B | $165.2M |
| Total operating expenses | $6.46B | $6.15B | $6.00B | $6.00B | $4.82B | $3.37B | $2.82B | $2.45B | $4.31B | $924.9M |
| Operating income | -$532.2M | -$787.3M | -$1.40B | -$1.40B | -$702.1M | -$862.1M | -$1.10B | -$1.27B | -$3.49B | -$520.4M |
| Interest expense | $122.0M | $21.6M | $22.0M | $21.5M | $17.7M | $97.2M | $25.0M | $3.9M | $3.5M | $1.4M |
| Pre-tax income | -$451.1M | -$672.2M | -$1.29B | -$1.40B | -$474.4M | -$926.2M | -$1.03B | -$1.25B | -$3.46B | -$521.7M |
| Income tax | $9.4M | $25.6M | $28.1M | $29.0M | $13.6M | $18.7M | $393.0K | $2.5M | $18.3M | $7.1M |
| Net income | -$460.5M | -$697.9M | -$1.32B | -$1.43B | -$488.0M | -$944.8M | -$1.03B | -$1.26B | -$3.45B | -$514.6M |
| EPS, basic | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 | -2.95 | -0.64 |
| EPS, diluted | -0.27 | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 | -2.95 | -0.64 |
| Shares, diluted (wtd. avg.) | 1.69B | 1.66B | 1.61B | 1.61B | 1.56B | 1.46B | 1.38B | 1.30B | 1.17B | 807.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.03B | $1.05B | $1.78B | $1.42B | $1.99B | $546.5M | $521.3M | $389.0M | $337.0M | $163.3M |
| Short-term investments | $1.91B | $2.33B | $1.76B | $2.52B | $1.70B | $1.99B | $1.59B | $891.9M | $1.71B | $837.2M |
| Receivables | $1.37B | $1.35B | $1.28B | $1.18B | $1.07B | $744.3M | $492.2M | $355.0M | $279.5M | $162.7M |
| Total current assets | $4.58B | $4.91B | $4.98B | $5.26B | $4.85B | $3.34B | $2.64B | $1.68B | $2.37B | $1.18B |
| Property, plant and equipment | $578.1M | $489.1M | $410.3M | $271.8M | $202.6M | $178.7M | $173.7M | $212.6M | $166.8M | $100.6M |
| Goodwill | $1.72B | $1.69B | $1.69B | $1.65B | $1.59B | $939.3M | $761.2M | $632.4M | $639.9M | $319.1M |
| Other intangibles | $66.6M | $86.4M | $146.3M | $204.5M | $277.7M | $105.9M | $92.1M | $126.1M | $166.5M | $76.0M |
| Total assets | $7.68B | $7.94B | $7.97B | $8.03B | $7.54B | $5.02B | $4.01B | $2.71B | $3.42B | $1.72B |
| Accounts payable | $219.8M | $173.2M | $279.0M | $181.8M | $125.3M | $71.9M | $46.9M | $30.9M | $71.2M | $8.4M |
| Short-term debt | $47.0M | $36.2M | — | — | — | — | — | — | — | — |
| Total current liabilities | $1.29B | $1.24B | $1.13B | $1.22B | $851.8M | $667.3M | $499.7M | $292.7M | $346.3M | $156.7M |
| Long-term debt | $3.49B | $3.61B | $3.75B | $3.74B | $2.25B | — | — | — | — | — |
| Total liabilities | $5.40B | $5.49B | $5.55B | $5.45B | $3.75B | $2.69B | $1.75B | $403.1M | $429.2M | $203.9M |
| Retained earnings | -$13.95B | -$12.74B | -$11.73B | -$10.21B | -$8.28B | -$7.89B | -$6.95B | -$5.91B | -$4.66B | -$1.21B |
| Total equity | $2.28B | $2.45B | $2.41B | $2.58B | $3.79B | $2.33B | $2.26B | $2.31B | $2.99B | $1.52B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $656.2M | $413.5M | $246.5M | $184.6M | $292.9M | -$167.6M | -$305.0M | -$689.9M | -$734.7M | -$611.2M |
| Depreciation and amortisation | $163.6M | $158.1M | $168.4M | $202.2M | $119.1M | $86.7M | $87.2M | $91.6M | $61.3M | $29.1M |
| Stock-based compensation | $1.02B | $1.04B | $1.32B | $1.39B | $1.09B | $770.2M | $686.0M | $538.2M | $2.64B | $31.8M |
| Capital expenditure | $219.0M | $194.8M | $211.7M | $129.3M | $69.9M | $57.8M | $36.5M | $120.2M | $84.5M | $66.4M |
| Investing cash flow | $173.1M | -$717.1M | $571.0M | -$1.06B | $90.2M | -$729.9M | -$728.6M | $694.5M | -$1.36B | -$1.01B |
| Financing cash flow | -$848.1M | -$428.6M | -$458.8M | $306.7M | $1.07B | $922.8M | $1.17B | $47.4M | $2.27B | $1.14B |
| Buybacks | $750.9M | $311.1M | $189.4M | $1.00B | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001564408-26-000013.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $404.5M | $824.9M | $1.18B | $1.72B | $2.51B | $4.12B | $4.60B | $4.61B | $5.36B | $5.93B |
| Gross profit | -$47.2M | $107.5M | $381.6M | $819.7M | $1.32B | $2.37B | $2.79B | $2.49B | $2.89B | $3.26B |
| Net income | -$514.6M | -$3.45B | -$1.26B | -$1.03B | -$944.8M | -$488.0M | -$1.43B | -$1.32B | -$697.9M | -$460.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7370
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|---|---|---|---|---|
| GOOGL | Alphabet Inc. | $3.89T | 29.6x | 15.1% |
| META | Meta Platforms, Inc. | $1.63T | 27.4x | 22.2% |
| APP | AppLovin Corp | $87.39B | 26.7x | 70.0% |
| ZM | Zoom Communications, Inc. | $28.05B | 15.5x | 4.4% |
| FLUT | Flutter Entertainment plc | $13.90B | — | 16.6% |
| PINS | PINTEREST, INC. | $12.56B | 36.6x | 15.8% |
| FDS | FACTSET RESEARCH SYSTEMS INC | $11.78B | 21.3x | 5.4% |
| DOCN | DigitalOcean Holdings, Inc. | $10.96B | 37.0x | 15.5% |