Snap Inc. (SNAP)

Snap Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,772	5,361	4,606	4,602	4,117	2,507
Revenue Growth (YoY)	11.75%	16.40%	0.09%	11.77%	64.25%	46.11%
Cost of Revenue	2,639	2,473	2,114	1,795	1,750	1,183
Gross Profit	3,133	2,888	2,492	2,807	2,367	1,324
Selling, General & Admin	1,998	1,953	1,980	1,983	1,503	1,085
Research & Development	1,744	1,653	1,911	2,031	1,565	1,102
Operating Expenses	3,742	3,605	3,890	4,013	3,069	2,186
Operating Income	-608.76	-717.14	-1,398	-1,206	-702.07	-862.07
Interest Expense	-91.31	-21.55	-22.02	-21.46	-17.68	-97.23
Interest & Investment Income	141.05	153.47	168.39	58.6	5.2	18.13
Other Non Operating Income (Expenses)	-10.69	-8.23	-8.67	-5.68	-51.87	2.13
EBT Excluding Unusual Items	-569.72	-593.46	-1,261	-1,175	-766.41	-939.05
Merger & Restructuring Charges	-	-70.16	-	-188.95	-	-
Gain (Loss) on Sale of Investments	-8.51	-8.61	-33.74	-36.85	292.04	12.86
Other Unusual Items	103.4	-	-	-	-	-
Pretax Income	-474.83	-672.23	-1,294	-1,401	-474.37	-926.19
Income Tax Expense	21.77	25.63	28.06	28.96	13.58	18.65
Net Income	-496.6	-697.86	-1,322	-1,430	-487.96	-944.84
Net Income to Common	-496.6	-697.86	-1,322	-1,430	-487.96	-944.84
Shares Outstanding (Basic)	1,687	1,659	1,613	1,608	1,559	1,456
Shares Outstanding (Diluted)	1,687	1,659	1,613	1,608	1,559	1,456
Shares Change (YoY)	2.35%	2.89%	0.26%	3.16%	7.10%	5.83%
EPS (Basic)	-0.29	-0.42	-0.82	-0.89	-0.31	-0.65
EPS (Diluted)	-0.29	-0.42	-0.82	-0.89	-0.31	-0.65
Free Cash Flow	413.99	218.65	34.79	55.31	223.01	-225.48
Free Cash Flow Per Share	0.24	0.13	0.02	0.03	0.14	-0.15
Gross Margin	54.29%	53.87%	54.10%	61.00%	57.49%	52.83%
Operating Margin	-10.55%	-13.38%	-30.36%	-26.21%	-17.05%	-34.39%
Profit Margin	-8.60%	-13.02%	-28.71%	-31.07%	-11.85%	-37.69%
Free Cash Flow Margin	7.17%	4.08%	0.76%	1.20%	5.42%	-9.00%
EBITDA	-452.13	-562.26	-1,250	-1,053	-582.93	-775.33
EBITDA Margin	-7.83%	-10.49%	-27.13%	-22.89%	-14.16%	-30.93%
D&A For EBITDA	156.63	154.87	148.54	152.87	119.14	86.74
EBIT	-608.76	-717.14	-1,398	-1,206	-702.07	-862.07
EBIT Margin	-10.55%	-13.38%	-30.36%	-26.21%	-17.05%	-34.39%

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q