Snap Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.93B | $5.36B | $4.61B | $4.60B | $4.12B | $2.51B | $1.72B | $1.18B |
| Cost of Revenue | $2.67B | $2.47B | $2.11B | $1.82B | $1.75B | $1.18B | $895.8M | $798.9M |
| Gross Profit | $3.26B | $2.89B | $2.49B | $2.79B | $2.37B | $1.32B | $819.7M | $381.6M |
| Gross Margin | 55.0% | 53.9% | 54.1% | 60.6% | 57.5% | 52.8% | 47.8% | 32.3% |
| Operating Expenses | ||||||||
| Research & Development | $1.79B | $1.69B | $1.91B | $2.11B | $1.57B | $1.10B | $883.5M | $772.2M |
| SG&A Expense | $979.1M | $919.1M | $857.4M | $953.3M | $710.6M | $529.2M | $580.9M | $477.0M |
| Operating Income | $-532.2M | $-787.3M | $-1.40B | $-1.40B | $-702.1M | $-862.1M | $-1.10B | $-1.27B |
| Operating Margin | -9.0% | -14.7% | -30.4% | -30.3% | -17.1% | -34.4% | -64.3% | -107.5% |
| Interest Expense | — | — | $22.0M | $21.5M | $17.7M | $97.2M | $25.0M | $3.9M |
| Pretax Income | $-451.1M | $-672.2M | $-1.29B | $-1.40B | $-474.4M | $-926.2M | $-1.03B | $-1.25B |
| Income Tax Expense | $9.4M | $25.6M | $28.1M | $29.0M | $13.6M | $18.7M | $393.0K | $2.5M |
| Net Income | $-460.5M | $-697.9M | $-1.32B | $-1.43B | $-488.0M | $-944.8M | $-1.03B | $-1.26B |
| Net Margin | -7.8% | -13.0% | -28.7% | -31.1% | -11.9% | -37.7% | -60.3% | -106.4% |
| EPS (Basic) | $-0.27 | $-0.42 | $-0.82 | $-0.89 | $-0.31 | $-0.65 | $-0.75 | $-0.97 |
| EPS (Diluted) | $-0.27 | $-0.42 | $-0.82 | $-0.89 | $-0.31 | $-0.65 | $-0.75 | $-0.97 |
| Shares Outstanding (Basic) | 1.69B | 1.66B | 1.61B | 1.61B | 1.56B | 1.46B | 1.38B | 1.30B |
| Shares Outstanding (Diluted) | 1.69B | 1.66B | 1.61B | 1.61B | 1.56B | 1.46B | 1.38B | 1.30B |
| Dividends Per Share | — | — | — | — | — | — | — | — |