Snap Inc. (SNAP) Financial Statements

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Snap financial statements at a glance

Snap reported revenue of $5.93 billion for fiscal year 2025 (ended December 31, 2025), up 10.6% from fiscal year 2024. Net income was -$460.49 million, a net margin of 7.8% loss, and diluted earnings per share were -$0.27.

At the end of fiscal year 2025 it had total assets of $7.68 billion, total liabilities of $5.40 billion and shareholders' equity of $2.28 billion, with cash and short-term investments of $2.94 billion and total debt of $4.14 billion.

Its operations brought in $656.17 million of cash; capital spending was $218.98 million, leaving free cash flow of $437.19 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Snap Inc.

SNAPUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
5.93B
Prev Year: 5.36B
YoY: +10.6%
Operating Revenue
5.93B
Prev Year: 5.36B
YoY: +10.6%
Net Income from Continuing Operation Net Minority Interest
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Normalized EBITDA
-165.50M
Prev Year: -492.60M
YoY: +66.4%
Tax Rate for Calcs
0.21
Prev Year: 0
Cost of Revenue
2.67B
Prev Year: 2.47B
YoY: +7.9%
Gross Profit
3.26B
Prev Year: 2.89B
YoY: +13.0%
Operating Expense
3.79B
Prev Year: 3.67B
YoY: +3.3%
Selling General and Administrative
2.00B
Prev Year: 1.98B
YoY: +0.9%
General and Administrative Expense
979.13M
Prev Year: 919.10M
YoY: +6.5%
Other General and Administrative
979.13M
Prev Year: 919.10M
YoY: +6.5%
Selling and Marketing Expense
1.02B
Prev Year: 1.06B
YoY: -4.0%
Research and Development
1.79B
Prev Year: 1.69B
YoY: +6.0%
Operating Income
-532.17M
Prev Year: -787.29M
YoY: +32.4%
Net Non Operating Interest Income Expense
12.16M
Prev Year: 131.91M
YoY: -90.8%
Non-operating Interest Income
134.16M
Prev Year: 153.47M
YoY: -12.6%
Non-operating Interest Expense
122.00M
Prev Year: 21.55M
YoY: +466.1%
Other Income Expense
68.87M
Prev Year: -16.85M
YoY: +508.8%
Other Non-operating Income (expense)
68.87M
Prev Year: -16.85M
YoY: +508.8%
Pre-tax Income
-451.14M
Prev Year: -672.23M
YoY: +32.9%
Provision for Income Taxes
9.35M
Prev Year: 25.63M
YoY: -63.5%
Net Income Common Stockholders
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Net Income
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Net Income Including Non-Controlling Interests
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Net Income from Continuing Operations
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Diluted NI Available to Com Stockholders
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Basic EPS
-0.27
Prev Year: -0.42
YoY: +35.7%
Diluted EPS
-0.27
Prev Year: -0.42
YoY: +35.7%
Weighted Average Shares (basic)
1.69B
Prev Year: 1.66B
YoY: +2.1%
Weighted Average Shares (diluted)
1.69B
Prev Year: 1.66B
YoY: +2.1%
Total Operating Income as Reported
-532.17M
Prev Year: -787.29M
YoY: +32.4%
Total Expenses
6.46B
Prev Year: 6.15B
YoY: +5.1%
Net Income from Continuing and Discontinued Operation
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Normalized Income
-460.49M
Prev Year: -697.86M
YoY: +34.0%
Interest Income
134.16M
Prev Year: 153.47M
YoY: -12.6%
Interest Expense
122.00M
Prev Year: 21.55M
YoY: +466.1%
Net Interest Income
12.16M
Prev Year: 131.91M
YoY: -90.8%
EBIT
-329.14M
Prev Year: -650.67M
YoY: +49.4%
EBITDA
-165.50M
Prev Year: -492.60M
YoY: +66.4%
Reconciled Cost of Revenue
2.67B
Prev Year: 2.47B
YoY: +7.9%
Reconciled Depreciation
163.63M
Prev Year: 158.07M
YoY: +3.5%
Values in USD

Snap key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$5.9B$5.4B$4.6B$4.6B$4.1B
Gross profit$3.3B$2.9B$2.5B$2.8B$2.4B
Operating income-$532.2M-$787.3M-$1.4B-$1.4B-$702.1M
Net income-$460.5M-$697.9M-$1.3B-$1.4B-$488.0M
Diluted EPS-$0.27-$0.42-$0.82-$0.89-$0.31
Total assets$7.7B$7.9B$8.0B$8.0B$7.5B
Total liabilities$5.4B$5.5B$5.6B$5.4B$3.7B
Shareholders' equity$2.3B$2.5B$2.4B$2.6B$3.8B
Cash and short-term investments$2.9B$3.4B$3.5B$3.9B$3.7B
Total debt$4.1B$4.2B$4.3B$4.2B$2.6B
Operating cash flow$656.2M$413.5M$246.5M$184.6M$292.9M
Capital spending$219.0M$194.8M$211.7M$129.3M$69.9M
Free cash flow$437.2M$218.7M$34.8M$55.3M$223.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Snap's revenue in fiscal year 2025?

$5.93 billion, up 10.6% from $5.36 billion in fiscal year 2024.

How much profit does Snap make?

Snap reported net income of -$460.49 million for fiscal year 2025 (7.8% of revenue); operating income was -$532.17 million.

How much cash and debt does Snap have?

At the end of fiscal year 2025: cash and short-term investments of $2.94 billion and total debt of $4.14 billion.

What is Snap's free cash flow?

$437.19 million in fiscal year 2025 (operating cash flow of $656.17 million minus capital spending of $218.98 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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