Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $404M | $825M | $1.18B | $1.72B | $2.51B | $4.12B | $4.60B | $4.61B | $5.36B | $5.93B |
| Revenue growth | — | 104.0% | 43.1% | 45.3% | 46.1% | 64.2% | 11.8% | 0.1% | 16.4% | 10.6% |
| Operating income | -$520M | -$3.49B | -$1.27B | -$1.10B | -$862M | -$702M | -$1.40B | -$1.40B | -$787M | -$532M |
| Operating margin | -128.7% | -422.5% | -107.5% | -64.3% | -34.4% | -17.1% | -30.3% | -30.4% | -14.7% | -9.0% |
| Net income | -$515M | -$3.45B | -$1.26B | -$1.03B | -$945M | -$488M | -$1.43B | -$1.32B | -$698M | -$460M |
| Net margin | -127.2% | -417.6% | -106.4% | -60.3% | -37.7% | -11.9% | -31.1% | -28.7% | -13.0% | -7.8% |
| EPS (diluted) | -$0.64 | -$2.95 | -$0.97 | -$0.75 | -$0.65 | -$0.31 | -$0.89 | -$0.82 | -$0.42 | -$0.27 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$611M | -$735M | -$690M | -$305M | -$168M | $293M | $185M | $247M | $413M | $656M |
| Capital expenditures | $66.4M | $84.5M | $120M | $36.5M | $57.8M | $69.9M | $129M | $212M | $195M | $219M |
| Free cash flow | -$678M | -$819M | -$810M | -$341M | -$225M | $223M | $55.3M | $34.8M | $219M | $437M |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $1.00B | $189M | $311M | $751M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $150M | $334M | $387M | $520M | $546M | $1.99B | $1.42B | $1.78B | $1.05B | $1.03B |
| Total assets | $1.72B | $3.42B | $2.71B | $4.01B | $5.02B | $7.54B | $8.03B | $7.97B | $7.94B | $7.68B |
| Total liabilities | $204M | $429M | $403M | $1.75B | $2.69B | $3.75B | $5.45B | $5.55B | $5.49B | $5.40B |
| Long-term debt | — | — | — | — | — | $2.25B | $3.74B | $3.75B | $3.61B | $3.49B |
| Shareholders' equity | $1.52B | $2.99B | $2.31B | $2.26B | $2.33B | $3.79B | $2.58B | $2.41B | $2.45B | $2.28B |
| Retained earnings | -$1.21B | -$4.66B | -$5.91B | -$6.95B | -$7.89B | -$8.28B | -$10.2B | -$11.7B | -$12.7B | -$13.9B |
| Shares (wtd avg diluted) | 808M | 1.17B | 1.30B | 1.38B | 1.46B | 1.56B | 1.61B | 1.61B | 1.66B | 1.69B |
Every figure is extracted from Snap Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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