11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.8% per year over the past 5 years.
Operating margin has expanded, at -9.0% in the latest year.
Financial health
Total debt ($3.6B) exceeds cash ($1.0B); net debt is $2.6B.
Total debt has grown slower than revenue (12.3% vs 18.8% per year).
Operating income covered interest expense -4.4× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$5.9B
-$460M
55.0%
-9.0%
$437M
$3.6B
$1.0B
2024
$5.4B
-$698M
53.9%
-14.7%
$219M
$3.7B
$1.0B
2023
$4.6B
-$1.3B
54.1%
-30.4%
$35M
$3.7B
$1.8B
2022
$4.6B
-$1.4B
60.6%
-30.3%
$55M
$3.7B
$1.4B
2021
$4.1B
-$488M
57.5%
-17.1%
$223M
$2.3B
$2.0B
2020
$2.5B
-$945M
52.8%
-34.4%
-$225M
—
$546M
2019
$1.7B
-$1.0B
47.8%
-64.3%
-$341M
—
$520M
2018
$1.2B
-$1.3B
32.3%
-107.5%
-$810M
—
$387M
2017
$825M
-$3.4B
13.0%
-422.5%
-$819M
—
$334M
2016
$404M
-$515M
-11.7%
-128.7%
-$678M
—
$150M
2015
—
-$373M
—
—
—
—
$641M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.5B
-$89M
56.5%
-4.9%
$286M
$3.6B
$1.1B
Dec '25
$1.7B
$45M
59.1%
2.9%
$206M
$3.6B
$1.0B
Sep '25
$1.5B
-$104M
55.3%
-8.5%
$93M
$3.6B
$953M
Jun '25
$1.3B
-$263M
51.4%
-19.3%
$24M
$3.6B
$926M
Mar '25
$1.4B
-$140M
53.1%
-14.2%
$114M
$3.6B
$911M
Dec '24
$1.6B
$9M
56.9%
-1.7%
$182M
$3.7B
$1.0B
Sep '24
$1.4B
-$153M
53.5%
-12.6%
$72M
$3.6B
$965M
Jun '24
$1.2B
-$249M
52.4%
-20.5%
-$73M
$3.6B
$1.1B
Mar '24
$1.2B
-$305M
51.9%
-27.9%
$38M
$3.3B
$1.1B
Dec '23
$1.4B
-$248M
54.3%
-18.3%
$111M
$3.7B
$1.8B
Sep '23
$1.2B
-$368M
53.2%
-32.0%
-$61M
$3.7B
$1.2B
Jun '23
$1.1B
-$377M
53.5%
-37.9%
-$119M
$3.7B
$1.2B
Mar '23
$989M
-$329M
55.5%
-36.9%
$103M
$3.7B
$1.6B
Dec '22
$1.3B
-$288M
63.0%
-22.1%
$78M
$3.7B
$1.4B
Sep '22
$1.1B
-$360M
58.6%
-38.6%
$18M
—
$1.9B
Jun '22
$1.1B
-$422M
59.8%
-36.1%
-$147M
—
$2.3B
Mar '22
$1.1B
-$360M
60.4%
-25.6%
$106M
—
$2.4B
Dec '21
$1.3B
$23M
65.4%
-1.9%
$161M
$2.3B
$2.0B
Sep '21
$1.1B
-$72M
58.5%
-16.9%
$52M
—
$2.0B
Jun '21
$982M
-$152M
54.7%
-19.6%
-$116M
—
$2.1B
Valuation over time
How the market has priced SNAP against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 4.2× (Mar '23) to 1.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is SNAP growing its revenue and profit?
Over the past 5 years, Snap Inc's revenue has grown 18.8% per year. These are computed facts, not advice.
How much debt does SNAP have?
As of FY2025, Snap Inc reported $3.6B of total debt against $1.0B of cash; operating income covered interest expense -4.4×.
What is SNAP's profit margin?
In FY2025, gross margin was 55.0%, operating margin -9.0%, and net margin -7.8%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.