Pulling SEC filings + quote and writing the call…

Snap Inc
Next earnings Jul 16, 2026 · consensus $0.08 EPS, $1.57B rev
Last earnings +0.0% on 2026-05-06
Snap's loss is narrowing and cash flow is positive, but chronic unprofitability, slowing DAU growth and brutal competition keep it speculative.
Revenue $5.93B · FY2025
Snap is making incremental progress but has yet to prove it can be durably profitable. FY2025 revenue grew 10.6% to $5.93B and the net loss narrowed to -$460M (EPS -$0.27), improving for a second straight year from the -$1.43B trough in FY2022. Encouragingly, operating cash flow rose 58.7% to $656M, well above the -$532M operating loss, indicating heavy non-cash stock-based compensation is the main wedge between GAAP losses and cash generation. The company still serves a large audience (474 million DAUs at year-end).
The problems are structural and persistent. Snap has lost money every year shown (-$488M, -$1.43B, -$1.32B, -$698M, -$460M from FY2021-2025), accumulating a -$13.9B retained deficit. Operating margin is -9.0%, net margin -7.8%, and ROE -20.2%. The balance sheet is leveraged at 2.37x liabilities/equity with $3.49B of long-term debt against only $2.28B of equity and $1.03B of cash. The $751M of buybacks (up 141.4%) largely serve to offset dilution from stock compensation rather than return surplus capital.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:54 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $4.12B | $4.60B | $4.61B | $5.36B | $5.93B |
| Gross profit | — | — | — | — | — |
| Operating income | -$702M | -$1.40B | -$1.40B | -$787M | -$532M |
| Net income | -$488M | -$1.43B | -$1.32B | -$698M | -$460M |
| Diluted EPS | -$0.31 | -$0.89 | -$0.82 | -$0.42 | -$0.27 |
| Net margin | -11.9% | -31.1% | -28.7% | -13.0% | -7.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Sources: SEC EDGAR (CIK 0001564408, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/21/2026, 8:54:18 PM.
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Last 90 days: 0 open-market buys · 10 sales
| 2026-06-17 | Wood Luke Director | Award | 13.2K | |
| 2026-06-16 | Mohan Ajit Chief Business Officer | Sell | 6.92K @ $5.58 | $38.7K |
| 2026-06-04 | Briers Zachary M General Counsel | Sell | 12.0K @ $6.00 | $71.7K |
| 2026-05-29 | Murphy Robert C. Chief Technology Officer | Sell | 344K @ $5.88 | $2.02M |
| 2026-05-19 | Morrow Rebecca Chief Accounting Officer | Sell | 3.57K @ $5.74 | $20.5K |
| 2026-05-19 | Morrow Rebecca Chief Accounting Officer | Award | 41.1K | |
| 2026-05-19 | Briers Zachary M General Counsel | Sell | 71.7K @ $5.67 | $407K |
| 2026-05-19 | Hott Douglas Chief Financial Officer | Sell | 115K @ $5.67 | $650K |
| 2026-05-18 | Morrow Rebecca Chief Accounting Officer | Sell | 16.7K @ $5.60 | $93.7K |
| 2026-05-18 | Briers Zachary M General Counsel | Sell | 129K @ $5.60 | $725K |
| 2026-05-18 | Mohan Ajit Chief Business Officer | Sell | 44.8K @ $5.60 | $251K |
| 2026-05-18 | Hott Douglas Chief Financial Officer | Sell | 124K @ $5.60 | $696K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1194 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.