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The latest financial statement is for the quarter ending 2026-03-31.

Cash Flow Overview

Free Cash flow
$286,007K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Stock-based compensation
    • Sales of marketable securities
    • Maturities of marketable securit...
    • Others
Negative Cash Flow Breakdown
    • Operating expenses
    • Infrastructure costs
    • Repurchases of class a non-votin...
    • Others

Cash Flow
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Total revenue
1,528,791 1,716,461 1,506,839 1,344,930
Infrastructure costs
401,234 409,990 404,332 393,257
Content and developer partner costs
135,021 153,875 154,231 152,432
Advertising partner and other costs
125,871 134,703 112,245 104,409
Operating expenses
633,332 660,147 653,993 653,562
Stock-based compensation and related payroll and other tax expense
263,086 264,648 267,886 260,923
Depreciation and amortization
44,696 43,381 42,514 40,023
Other segment items
14,502 4,508 -24,821 2,894
Net loss
-88,951 45,209 -103,541 -262,570
Depreciation and amortization
44,696 43,381 42,514 40,023
Stock-based compensation
250,040 257,238 260,363 251,886
Amortization of debt issuance costs and debt discount (premium)
-931 -898 686 -550
Losses on debt and equity securities, net
-845 -1,166 -1,182 1,208
Gain on extinguishment of debt
0 0 29,795 0
Other
-5,126 -11,577 -2,985 -12,362
Accounts receivable, net of allowance
-174,635 133,859 89,096 3,088
Prepaid expenses and other current assets
16,270 20,545 16,313 7,058
Operating lease right-of-use assets
-15,114 -14,385 -14,909 -13,797
Other assets
240 -651 -161 2,117
Accounts payable
22,044 67,736 38,125 -94,203
Accrued expenses and other current liabilities
-67,649 3,761 23,926 147,695
Operating lease liabilities
-12,455 -10,269 1,325 -8,492
Other liabilities
775 -9,955 -943 2,017
Net cash provided by operating activities
326,779 269,578 146,488 88,494
Purchases of property and equipment
40,772 64,022 53,044 64,701
Purchases of strategic investments
5,934 2,500 0 20,000
Sales of strategic investments
-0 11,050 0
Cash paid for acquisitions, net of cash acquired
39,370 0 0 35,499
Purchases of marketable securities
302,360 260,479 388,652 390,866
Sales of marketable securities
232,098 201,578 102,530 425,157
Maturities of marketable securities
213,600 191,842 220,203 301,348
Other
-3,581 0 0
Net cash provided by investing activities
57,262 62,838 -107,913 215,439
Proceeds from issuance of notes, net of issuance costs
0 0 541,110 1,473,083
Purchase of capped calls
-0 0 0
Proceeds from termination of capped calls
-0 0 0
Proceeds from the exercise of stock options
-374 0 0
Repurchases of class a non-voting common stock
350,499 250,293 0 243,473
Deferred payments for acquisitions
0 5,000 0 9,562
Repurchases of convertible notes
0 3,989,100 -549,924 -1,444,626
Repayment of convertible notes
-0 0 -1,408,386
Other
-1,601 -1,599 -3,199 -1,800
Net cash used in financing activities
-352,100 -256,518 -12,013 -291,075
Change in cash, cash equivalents, and restricted cash
31,941 75,898 26,562 12,858
Cash, cash equivalents, and restricted cash, beginning of period
1,031,397 955,499 928,937 916,079
Cash, cash equivalents, and restricted cash, end of period
1,063,338 1,031,397 955,499 928,937
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Stock-based compensation$250,040K (1.09%↑ Y/Y)Accounts receivable, netof allowance-$174,635K (10.08%↑ Y/Y)Sales of marketablesecurities$232,098K (1833.99%↑ Y/Y)Depreciation andamortization$44,696K (18.51%↑ Y/Y)Accounts payable$22,044K (-35.66%↓ Y/Y)Operating leaseright-of-use assets-$15,114K (-7.02%↓ Y/Y)Other-$5,126K (-736.77%↓ Y/Y)Losses on debt andequity securities, net-$845K (94.65%↑ Y/Y)Other liabilities$775K (-36.79%↓ Y/Y)Maturities of marketablesecurities$213,600K (-19.02%↓ Y/Y)Net cash provided byoperating activities$326,779K (115.54%↑ Y/Y)Net cash provided byinvesting activities$57,262K (1979.23%↑ Y/Y)Canceled cashflow$186,496K Canceled cashflow$388,436K Total revenue$1,528,791K (12.15%↑ Y/Y)Change in cash, cashequivalents, and restricted...$31,941K (123.81%↑ Y/Y)Canceled cashflow$352,100K Net loss-$88,951K (36.28%↑ Y/Y)Accrued expenses andother current...-$67,649K (58.39%↑ Y/Y)Prepaid expenses andother current assets$16,270K (-28.73%↓ Y/Y)Operating leaseliabilities-$12,455K (26.71%↑ Y/Y)Amortization of debt issuancecosts and debt...-$931K (-112.18%↓ Y/Y)Other assets$240K (102.66%↑ Y/Y)Purchases of marketablesecurities$302,360K (28.23%↑ Y/Y)Purchases of property andequipment$40,772K (9.56%↑ Y/Y)Cash paid foracquisitions, net of cash...$39,370K Purchases of strategicinvestments$5,934K Canceled cashflow$1,528,791K Net cash used infinancing activities-$352,100K (-22.04%↓ Y/Y)Operating expenses$633,332K (2.45%↑ Y/Y)Infrastructure costs$401,234K (6.55%↑ Y/Y)Stock-based compensationand related payroll...$263,086K (-0.56%↓ Y/Y)Content and developerpartner costs$135,021K (-16.09%↓ Y/Y)Advertising partner andother costs$125,871K (26.95%↑ Y/Y)Depreciation andamortization$44,696K (18.51%↑ Y/Y)Other segment items$14,502K (126.73%↑ Y/Y)Repurchases of class anon-voting common stock$350,499K (36.33%↑ Y/Y)Other-$1,601K (15.69%↑ Y/Y)

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