Snap Inc. (SNAP) financial statements: income statement, balance sheet and cash flow
Snap Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Snap Inc. reported revenue of $5.9B (+10.6% year on year) and net income of ($460.5M) (+34.0% year on year).
Income statement
Snap Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$5.9B
$5.4B
$4.6B
$4.6B
Cost of revenue
$2.7B
$2.5B
$2.1B
$1.8B
Research and development
$1.8B
$1.7B
$1.9B
$2.1B
Sales and marketing
$1.0B
$1.1B
$1.1B
$1.1B
General and administrative
$979.1M
$919.1M
$857.4M
$953.3M
Total costs and expenses
$6.5B
$6.1B
$6.0B
$6.0B
Operating loss
($532.2M)
($787.3M)
($1.4B)
($1.4B)
Interest income
$134.2M
$153.5M
$168.4M
$58.6M
Interest expense
($122.0M)
($21.6M)
($22.0M)
($21.5M)
Other income (expense), net
$68.9M
($16.8M)
($42.4M)
($42.5M)
Loss before income taxes
($451.1M)
($672.2M)
($1.3B)
($1.4B)
Income tax benefit (expense)
($9.4M)
($25.6M)
($28.1M)
($29.0M)
Net loss
($460.5M)
($697.9M)
($1.3B)
($1.4B)
Basic (in usd per share)
-$0.27
-$0.42
-$0.82
-$0.89
Diluted (in usd per share)
-$0.27
-$0.42
-$0.82
-$0.89
Basic (in shares)
1.7B
1.7B
1.6B
1.6B
Diluted (in shares)
1.7B
1.7B
1.6B
1.6B
Snap Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$1.6B
$1.5B
$1.5B
$1.3B
Cost of revenue
$667.9M
$665.2M
$674.2M
$653.3M
Research and development
$542.1M
$478.3M
$453.4M
$443.3M
Sales and marketing
$298.4M
$239.0M
$256.2M
$257.9M
General and administrative
$261.3M
$220.7M
$251.3M
$250.1M
Total costs and expenses
$1.8B
$1.6B
$1.6B
$1.6B
Operating loss
($170.7M)
($74.4M)
($128.4M)
($259.7M)
Interest income
$24.7M
$26.5M
$32.3M
$33.2M
Interest expense
($36.9M)
($36.8M)
($34.5M)
($27.6M)
Other income (expense), net
$21.5M
($1.0M)
$27.6M
($823.0K)
Loss before income taxes
($161.5M)
($85.8M)
($103.0M)
($254.9M)
Income tax expense
($2.5M)
($3.2M)
($510.0K)
($7.7M)
Net loss
($164.0M)
($89.0M)
($103.5M)
($262.6M)
Basic (in usd per share)
-$0.10
-$0.05
-$0.06
-$0.16
Diluted (in usd per share)
-$0.10
-$0.05
-$0.06
-$0.16
Basic (in shares)
1.7B
1.7B
1.7B
1.7B
Diluted (in shares)
1.7B
1.7B
1.7B
1.7B
Balance sheet
Snap Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.0B
$1.0B
$1.8B
$1.4B
Marketable securities
$1.9B
$2.3B
$1.8B
$2.5B
Accounts receivable, net of allowance
$1.4B
$1.3B
$1.3B
$1.2B
Prepaid expenses and other current assets
$272.1M
$182.0M
$153.6M
$134.4M
Total current assets
$4.6B
$4.9B
$5.0B
$5.3B
Property and equipment, net
$578.1M
$489.1M
$410.3M
$271.8M
Operating lease right-of-use assets
$506.2M
$530.4M
$516.9M
$371.0M
Intangible assets, net
$66.6M
$86.4M
$146.3M
$204.5M
Goodwill
$1.7B
$1.7B
$1.7B
$1.6B
Other assets
$221.3M
$233.9M
$226.6M
$279.6M
Total assets
$7.7B
$7.9B
$8.0B
$8.0B
Accounts payable
$219.8M
$173.2M
$279.0M
$181.8M
Operating lease liabilities
$48.5M
$24.9M
$49.3M
$46.5M
Accrued expenses and other current liabilities
$971.6M
$1.0B
$805.8M
$987.3M
Short-term debt, net
$47.0M
—
—
—
Total current liabilities
$1.3B
$1.2B
$1.1B
$1.2B
Long-term debt, net
$3.5B
—
—
—
Operating lease liabilities, noncurrent
$557.8M
$575.1M
$546.3M
$386.3M
Other liabilities
$61.8M
$59.2M
$123.8M
$104.5M
Total liabilities
$5.4B
$5.5B
$5.6B
$5.4B
Common stock, value
$17.0K
$16.0K
$16.0K
$15.0K
Treasury stock, at cost. 44,670 and 47,222 shares of Class A non-voting common stock as of December 31, 2025 and December 31, 2024, respectively.
-435.7M
-460.6M
-479.9M
-500.5M
Additional paid-in capital
$16.6B
$15.6B
$14.6B
$13.3B
Accumulated deficit
($13.9B)
($12.7B)
($11.7B)
($10.2B)
Accumulated other comprehensive income (loss)
$26.7M
$2.7M
$7.1M
($14.0M)
Total stockholders’ equity
$2.3B
$2.5B
$2.4B
$2.6B
Total liabilities and stockholders’ equity
$7.7B
$7.9B
$8.0B
$8.0B
Snap Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$958.8M
$1.1B
$953.3M
$926.0M
Marketable securities
$1.7B
$1.8B
$2.0B
$2.0B
Accounts receivable, net of allowance
$1.2B
$1.2B
$1.2B
$1.2B
Prepaid expenses and other current assets
$309.5M
$269.4M
$235.1M
$226.3M
Total current assets
$4.2B
$4.3B
$4.5B
$4.3B
Property and equipment, net
$586.3M
$580.8M
$557.4M
$544.2M
Operating lease right-of-use assets
$562.1M
$563.8M
$520.2M
$534.1M
Intangible assets, net
$94.3M
$93.9M
$77.3M
$88.8M
Goodwill
$1.8B
$1.8B
$1.7B
$1.7B
Other assets
$240.7M
$229.8M
$226.0M
$226.9M
Total assets
$7.5B
$7.5B
$7.6B
$7.4B
Accounts payable
$177.4M
$238.3M
$153.7M
$116.9M
Operating lease liabilities
$47.8M
$33.3M
$43.5M
$32.2M
Accrued expenses and other current liabilities
$1.1B
$895.4M
$976.5M
$954.0M
Short-term debt, net
$153.2M
$47.0M
$47.0M
$0
Total current liabilities
$1.4B
$1.2B
$1.2B
$1.1B
Long-term debt, net
$3.4B
$3.5B
$3.5B
$3.6B
Operating lease liabilities, noncurrent
$643.3M
$632.5M
$572.2M
$583.9M
Other liabilities
$85.4M
$82.0M
$66.8M
$66.8M
Total liabilities
$5.5B
$5.4B
$5.4B
$5.3B
Common stock, value
$17.0K
$17.0K
$17.0K
$16.0K
Treasury stock, at cost. 43,527 and 44,670 shares of Class A non-voting common stock at June 30, 2026 and December 31, 2025, respectively.
-424.6M
-431.8M
-440.5M
-444.6M
Additional paid-in capital
$17.1B
$16.9B
$16.4B
$16.1B
Accumulated deficit
($14.8B)
($14.4B)
($13.7B)
($13.6B)
Accumulated other comprehensive income
$8.7M
$14.7M
$26.0M
$24.8M
Total stockholders’ equity
$1.9B
$2.1B
$2.2B
$2.1B
Total liabilities and stockholders’ equity
$7.5B
$7.5B
$7.6B
$7.4B
Cash flow statement
Snap Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($460.5M)
($697.9M)
($1.3B)
($1.4B)
Depreciation and amortization
$163.6M
$158.1M
$168.4M
$202.2M
Stock-based compensation
$1.0B
$1.0B
$1.3B
$1.4B
Amortization of debt issuance costs and debt discount (premium)
$6.9M
—
—
$6.9M
Losses (gains) on debt and equity securities, net
$16.9M
$8.5M
$33.0M
$36.8M
(Gain) loss on extinguishment of debt
($96.7M)
—
—
—
Other
$26.1M
($14.2M)
($27.0M)
$15.6M
Accounts receivable, net of allowance
($31.8M)
($94.0M)
($98.1M)
($119.8M)
Prepaid expenses and other current assets
($66.7M)
($36.5M)
($9.9M)
($40.9M)
Operating lease right-of-use assets
$57.2M
$54.1M
$70.7M
$71.4M
Other assets
$7.7M
($10.0M)
$2.2M
($504.0K)
Accounts payable
$45.9M
($100.7M)
$95.0M
$46.5M
Accrued expenses and other current liabilities
$12.8M
$150.4M
$62.1M
$71.7M
Operating lease liabilities
($34.4M)
($62.7M)
($68.0M)
($68.9M)
Other liabilities
($7.7M)
$7.9M
$9.2M
$5.5M
Net cash provided by (used in) operating activities
$656.2M
$413.5M
$246.5M
$184.6M
Purchases of property and equipment
($219.0M)
($194.8M)
($211.7M)
($129.3M)
Purchases of strategic investments
($22.5M)
($2.0M)
($7.8M)
($26.3M)
Sales of strategic investments
$11.1M
$1.8M
$7.6M
$63.3M
Cash paid for acquisitions, net of cash acquired
($35.5M)
$0
($50.3M)
($67.1M)
Purchases of marketable securities
($1.3B)
($2.3B)
($2.0B)
($3.5B)
Sales of marketable securities
$741.3M
$354.3M
$459.5M
$75.7M
Maturities of marketable securities
$977.2M
$1.4B
$2.4B
$2.5B
Other
($3.6M)
($100.0K)
($2.8M)
($18.1M)
Net cash provided by (used in) investing activities
$173.1M
($717.1M)
$571.0M
($1.1B)
Proceeds from issuance of notes, net of issuance costs
$2.0B
$740.4M
—
—
Purchase of capped calls
$0
($68.8M)
$0
($177.0M)
Proceeds from termination of capped calls
$0
$62.7M
—
—
Proceeds from the exercise of stock options
$374.0K
$12.8M
$1.0M
$4.3M
Repurchases of Class A non-voting common stock
($750.9M)
($311.1M)
($189.4M)
($1.0B)
Deferred payments for acquisitions
($72.5M)
($3.7M)
($270.4M)
—
Repurchases of convertible notes
($2.0B)
—
—
—
Repayment of convertible notes
($36.2M)
($859.0M)
—
—
Other
($8.5M)
($1.8M)
—
—
Net cash provided by (used in) financing activities
($848.1M)
($428.6M)
($458.8M)
$306.7M
Change in cash, cash equivalents, and restricted cash
($18.8M)
($732.2M)
$358.7M
($570.9M)
Cash, cash equivalents, and restricted cash, beginning of period
$1.1B
$1.8B
$1.4B
$2.0B
Cash, cash equivalents, and restricted cash, end of period
$1.0B
$1.1B
$1.8B
$1.4B
Cash paid for income taxes, net
$26.7M
$24.7M
$30.9M
$12.1M
Cash paid for interest
$65.1M
$10.3M
$10.2M
$8.9M
Snap Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($252.9M)
($89.0M)
($505.7M)
($402.2M)
Depreciation and amortization
$91.6M
$44.7M
$120.3M
$77.7M
Stock-based compensation
$513.2M
$250.0M
$759.6M
$499.2M
Amortization of debt issuance costs and debt discount (premium)
($1.9M)
($931.0K)
$7.8M
$7.1M
Losses (gains) on debt and equity securities, net
$716.0K
$845.0K
$15.8M
$14.6M
Gain on extinguishment of debt
$0
$0
($96.7M)
($66.9M)
Other
$16.0M
$5.1M
$14.5M
$11.6M
Accounts receivable, net of allowance
$107.0M
$174.6M
$102.0M
$191.1M
Prepaid expenses and other current assets
($30.7M)
($16.3M)
($46.2M)
($29.9M)
Operating lease right-of-use assets
$30.8M
$15.1M
$42.8M
$27.9M
Other assets
($81.0K)
($240.0K)
$7.1M
$6.9M
Accounts payable
($37.7M)
$22.0M
($21.8M)
($59.9M)
Accrued expenses and other current liabilities
$88.0M
($67.6M)
$9.1M
($14.9M)
Operating lease liabilities
($21.5M)
($12.5M)
($24.2M)
($25.5M)
Other liabilities
$340.0K
$775.0K
$2.3M
$3.2M
Net cash provided by operating activities
$503.0M
$326.8M
$386.6M
$240.1M
Purchases of property and equipment
($96.4M)
($40.8M)
($155.0M)
($101.9M)
Purchases of strategic investments
($5.9M)
($5.9M)
($20.0M)
($20.0M)
Cash paid for acquisitions, net of cash acquired
($65.0M)
($39.4M)
($35.5M)
($35.5M)
Purchases of marketable securities
($516.2M)
($302.4M)
($1.0B)
($626.7M)
Sales of marketable securities
$287.5M
$232.1M
$539.7M
$437.2M
Maturities of marketable securities
$429.7M
$213.6M
$785.3M
$565.1M
Other
($500.0K)
—
$0
$0
Net cash provided by (used in) investing activities
$33.1M
$57.3M
$110.3M
$218.2M
Proceeds from issuance of notes, net of issuance costs
$0
$0
$2.0B
$1.5B
Repurchases of Class A non-voting common stock
($601.0M)
($350.5M)
($500.6M)
($500.6M)
Deferred payments for acquisitions
($2.6M)
$0
($67.5M)
($67.5M)
Repurchases of convertible notes
$0
$0
($2.0B)
($1.4B)
Repayment of convertible notes
$0
—
($36.2M)
($36.2M)
Other
($3.4M)
($1.6M)
($6.9M)
($3.7M)
Net cash used in financing activities
($607.0M)
($352.1M)
($591.6M)
($579.6M)
Change in cash, cash equivalents, and restricted cash
($70.9M)
$31.9M
($94.7M)
($121.3M)
Cash, cash equivalents, and restricted cash, beginning of period
$1.0B
$1.0B
$1.1B
$1.1B
Cash, cash equivalents, and restricted cash, end of period