Snap Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,931	5,361	4,606	4,602	4,117
Revenue Growth (YoY)	10.63%	16.40%	0.09%	11.77%	64.25%
Cost of Revenue	2,670	2,473	2,114	1,795	1,750
Gross Profit	3,262	2,888	2,492	2,807	2,367
Selling, General & Admin	2,000	1,953	1,980	1,983	1,503
Research & Development	1,794	1,653	1,911	2,031	1,565
Operating Expenses	3,794	3,605	3,890	4,013	3,069
Operating Income	-532.17	-717.14	-1,398	-1,206	-702.07
Interest Expense	-122	-21.55	-22.02	-21.46	-17.68
Interest & Investment Income	134.16	153.47	168.39	58.6	5.2
Other Non Operating Income (Expenses)	-9.59	-14.93	-8.67	-5.68	-51.87
EBT Excluding Unusual Items	-529.59	-600.16	-1,261	-1,175	-766.41
Merger & Restructuring Charges	-	-70.16	-	-188.95	-
Gain (Loss) on Sale of Investments	-18.25	-8.61	-33.74	-36.85	292.04
Other Unusual Items	96.7	6.7	-	-	-
Pretax Income	-451.14	-672.23	-1,294	-1,401	-474.37
Income Tax Expense	9.35	25.63	28.06	28.96	13.58
Net Income	-460.49	-697.86	-1,322	-1,430	-487.96
Net Income to Common	-460.49	-697.86	-1,322	-1,430	-487.96
Shares Outstanding (Basic)	1,695	1,659	1,613	1,608	1,559
Shares Outstanding (Diluted)	1,695	1,659	1,613	1,608	1,559
Shares Change (YoY)	2.14%	2.89%	0.26%	3.16%	7.10%
EPS (Basic)	-0.27	-0.42	-0.82	-0.89	-0.31
EPS (Diluted)	-0.27	-0.42	-0.82	-0.89	-0.31
Free Cash Flow	437.19	218.65	34.79	55.31	223.01
Free Cash Flow Per Share	0.26	0.13	0.02	0.03	0.14
Gross Margin	54.99%	53.87%	54.10%	61.00%	57.49%
Operating Margin	-8.97%	-13.38%	-30.36%	-26.21%	-17.05%
Profit Margin	-7.76%	-13.02%	-28.71%	-31.07%	-11.85%
Free Cash Flow Margin	7.37%	4.08%	0.76%	1.20%	5.42%
EBITDA	-368.53	-562.26	-1,250	-1,053	-582.93
EBITDA Margin	-6.21%	-10.49%	-27.13%	-22.89%	-14.16%
D&A For EBITDA	163.63	154.87	148.54	152.87	119.14
EBIT	-532.17	-717.14	-1,398	-1,206	-702.07
EBIT Margin	-8.97%	-13.38%	-30.36%	-26.21%	-17.05%
Advertising Expenses	23.6	57.7	24.9	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.