SNAP - Snap Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$8.50
DETAILS
HIGH:
$9.50
LOW:
$7.00
MEDIAN:
$8.50
CONSENSUS:
$8.50
UPSIDE:
12.88%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 5,361.4 | 4,606.1 | 4,601.8 | 4,117.0 | 2,506.6 | 1,715.5 | 1,180.4 | 824.9 | 404.5 | 58.7 |
| Cost of Revenue | 2,474.2 | 2,114.1 | 1,815.3 | 1,750.2 | 1,182.5 | 895.8 | 798.9 | 717.5 | 451.7 | 182.3 |
| Gross Profit | 2,887.2 | 2,492.0 | 2,786.5 | 2,366.8 | 1,324.1 | 819.7 | 381.6 | 107.5 | (47.2) | (123.7) |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,691.7 | 1,910.9 | 2,109.8 | 1,565.5 | 1,101.6 | 883.5 | 772.2 | 1,534.9 | 183.7 | 82.2 |
| SG&A Expenses | 1,982.8 | 1,979.5 | 2,072.0 | 1,503.4 | 1,084.6 | 1,039.5 | 877.8 | 2,058.2 | 289.5 | 175.8 |
| Other Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 3,674.5 | 3,890.4 | 4,181.8 | 3,068.9 | 2,186.2 | 1,923.0 | 1,650.0 | 3,593.1 | 473.2 | 258.1 |
| Operating Income | ||||||||||
| Operating Income | (787.3) | (1,398.4) | (1,395.3) | (702.1) | (862.1) | (1,103.3) | (1,268.5) | (3,485.6) | (520.4) | (381.7) |
| Interest Expense | 21.6 | 22.0 | 21.5 | 17.7 | 97.2 | 25.0 | 3.9 | 3.5 | 1.4 | 0.0 |
| Interest Income | 153.5 | 168.4 | 58.6 | 5.2 | 18.1 | 36.0 | 27.2 | 21.1 | 4.7 | 1.4 |
| Profitability | ||||||||||
| EBITDA | (492.6) | (1,104.0) | (1,177.1) | (337.6) | (742.2) | (921.0) | (1,157.8) | (3,398.7) | (491.2) | (366.4) |
| EBIT | (650.7) | (1,272.4) | (1,379.2) | (456.7) | (829.0) | (1,008.3) | (1,249.5) | (3,460.0) | (520.3) | (381.7) |
| Income Before Tax | (672.2) | (1,294.4) | (1,400.7) | (474.4) | (926.2) | (1,033.3) | (1,253.4) | (3,463.4) | (521.7) | (380.5) |
| Income Tax Expense | 25.6 | 28.1 | 29.0 | 13.6 | 18.7 | 0.4 | 2.5 | (18.3) | (7.1) | (7.6) |
| Net Income | (697.9) | (1,322.5) | (1,429.7) | (488.0) | (944.8) | (1,033.7) | (1,255.9) | (3,445.1) | (514.6) | (372.9) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 | -2.95 | -0.44 | -0.37 |
| EPS (Diluted) | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 | -2.95 | -0.44 | -0.37 |
| Shares Outstanding | 1,659.1 | 1,612.5 | 1,608.3 | 1,559.0 | 1,455.7 | 1,375.5 | 1,300.6 | 1,166.1 | 1,157.2 | 1,016.7 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,046.5 | 1,780.4 | 1,423.1 | 1,993.8 | 545.6 | 520.3 | 387.1 | 334.1 | 150.1 | 640.8 |
| Short-Term Investments | 2,329.7 | 1,763.7 | 2,516.0 | 1,699.1 | 1,991.9 | 1,592.5 | 891.9 | 1,709.0 | 837.2 | 0.0 |
| Net Receivables | 1,348.5 | 1,278.2 | 1,183.1 | 1,068.9 | 744.3 | 492.2 | 355.0 | 279.5 | 162.7 | 44.3 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets | 182.0 | 153.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets | 4,906.8 | 4,975.8 | 5,256.6 | 4,854.0 | 3,338.0 | 2,644.0 | 1,675.9 | 2,366.8 | 1,180.0 | 692.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,019.5 | 927.2 | 642.7 | 524.9 | 448.4 | 449.1 | 212.6 | 166.8 | 100.6 | 44.1 |
| Goodwill | 1,689.8 | 1,691.8 | 1,646.1 | 1,588.5 | 939.3 | 761.2 | 632.4 | 639.9 | 319.1 | 133.9 |
| Intangible Assets | 86.4 | 146.3 | 204.5 | 277.7 | 105.9 | 92.1 | 126.1 | 166.5 | 76.0 | 43.2 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 233.9 | 226.6 | 279.6 | 291.3 | 192.6 | 65.5 | 67.2 | 81.7 | 47.1 | 25.1 |
| Total Non-Current Assets | 3,029.6 | 2,991.9 | 2,772.9 | 2,682.3 | 1,686.3 | 1,367.9 | 1,038.2 | 1,054.8 | 542.8 | 246.4 |
| Total Assets | 7,936.3 | 7,967.8 | 8,029.5 | 7,536.3 | 5,024.2 | 4,011.9 | 2,714.1 | 3,421.6 | 1,722.8 | 938.9 |
| Current Liabilities | ||||||||||
| Account Payables | 173.2 | 279.0 | 181.8 | 125.3 | 71.9 | 46.9 | 30.9 | 71.2 | 8.4 | 0.7 |
| Short-Term Debt | 36.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 112.8 | 93.7 | 50.8 | 44.5 | 27.8 | 20.1 | 11.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 302.5 | 239.3 | 691.3 | 412.1 | 357.7 | 155.8 | 156.0 | 178.6 | 84.4 | 29.8 |
| Total Current Liabilities | 1,243.5 | 1,134.1 | 1,215.6 | 851.8 | 667.3 | 499.7 | 292.7 | 346.3 | 156.7 | 156.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,607.7 | 3,749.4 | 3,742.5 | 2,253.1 | 1,675.2 | 891.8 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 59.2 | 123.8 | 104.5 | 315.8 | 64.5 | 57.4 | 110.4 | 67.0 | 32.0 | 5.0 |
| Total Non-Current Liabilities | 4,242.0 | 4,419.5 | 4,233.2 | 2,894.4 | 2,026.9 | 1,252.3 | 110.4 | 83.0 | 47.1 | 18.5 |
| Total Liabilities | 5,485.6 | 5,553.6 | 5,448.8 | 3,746.1 | 2,694.3 | 1,752.0 | 403.1 | 429.2 | 203.9 | 174.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (12,735.5) | (11,726.5) | (10,214.7) | (8,284.5) | (7,891.5) | (6,945.9) | (5,912.6) | (4,656.7) | (1,207.9) | (693.2) |
| Accumulated Other Comprehensive Income | 2.7 | 7.1 | (14.0) | 5.5 | 21.4 | 0.6 | 3.1 | 14.2 | (2.1) | 0.0 |
| Total Stockholders' Equity | 2,450.8 | 2,414.1 | 2,580.7 | 3,790.2 | 2,330.0 | 2,259.9 | 2,311.0 | 2,992.3 | 1,518.9 | 764.1 |
| Total Liabilities & Equity | 7,936.3 | 7,967.8 | 8,029.5 | 7,536.3 | 5,024.2 | 4,011.9 | 2,714.1 | 3,421.6 | 1,722.8 | 938.9 |
| Debt Metrics | ||||||||||
| Total Debt | 4,243.9 | 4,345.0 | 4,175.3 | 2,631.0 | 2,003.5 | 1,237.1 | 0.0 | 16.0 | 15.1 | 13.5 |
| Net Debt | 3,197.4 | 2,564.6 | 2,752.2 | 637.2 | 1,457.9 | 716.8 | (387.1) | (318.0) | (135.0) | (627.3) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (697.9) | (1,322.5) | (1,429.7) | (488.0) | (944.8) | (1,033.7) | (1,255.9) | (3,445.1) | (514.6) | (372.9) |
| Depreciation & Amortization | 158.1 | 168.4 | 202.2 | 119.1 | 86.7 | 87.2 | 91.6 | 61.3 | 29.1 | 15.3 |
| Stock-Based Compensation | 1,041.0 | 1,324.0 | 1,387.8 | 1,092.1 | 770.2 | 686.0 | 538.2 | 2,639.9 | 31.8 | 73.5 |
| Change in Working Capital | (91.5) | 63.1 | (35.0) | (195.9) | (153.8) | 6.6 | (95.6) | 11.1 | (150.5) | (15.5) |
| Other Non-Cash Items | 3.7 | 13.4 | 59.3 | (234.6) | 80.4 | (50.7) | 32.1 | 15.6 | 0.9 | 0.6 |
| Operating Cash Flow | 413.5 | 246.5 | 184.6 | 292.9 | (167.6) | (305.0) | (689.9) | (734.7) | (611.2) | (306.6) |
| Investing Activities | ||||||||||
| Capital Expenditure | (194.8) | (211.7) | (129.3) | (69.9) | (57.8) | (36.5) | (120.2) | (84.5) | (67.0) | (28.3) |
| Acquisitions | 0.0 | (50.3) | (67.1) | (310.9) | (168.8) | (3.3) | (0.8) | (386.0) | (104.0) | (48.7) |
| Purchases of Investments | (2,289.7) | (2,056.0) | (3,512.0) | (2,480.1) | (3,636.2) | (2,482.9) | (1,676.4) | (3,872.7) | (1,571.9) | (9.6) |
| Sales/Maturities of Investments | 1,767.5 | 2,891.8 | 2,664.2 | 2,953.1 | 3,127.5 | 1,793.0 | 2,483.2 | 2,994.3 | 728.6 | 0.0 |
| Other Investing Activities | (0.1) | (2.8) | (18.1) | (1.9) | 5.5 | 1.0 | 8.7 | (8.1) | (0.6) | (23.5) |
| Investing Cash Flow | (717.1) | 571.0 | (1,062.3) | 90.2 | (729.9) | (728.6) | 694.5 | (1,357.0) | (1,014.3) | (100.9) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (118.7) | 0.0 | 1,483.5 | 1,137.2 | 988.6 | 1,251.4 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock Repurchased | (311.1) | (189.4) | (1,001.1) | 0.0 | 0.0 | 0.0 | (0.6) | (394.2) | (10.6) | (1.0) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | 1.1 | (269.4) | (175.7) | (72.2) | (65.8) | (85.6) | 48.0 | 1.7 | (4.7) | 0.1 |
| Financing Cash Flow | (428.6) | (458.8) | 306.7 | 1,065.1 | 922.8 | 1,165.9 | 47.4 | 2,265.3 | 1,141.9 | 650.4 |
| Cash Position | ||||||||||
| Net Change in Cash | (732.2) | 358.7 | (570.9) | 1,448.2 | 25.3 | 132.3 | 52.0 | 173.7 | (483.6) | 242.8 |
| Cash at Beginning | 1,782.5 | 1,423.8 | 1,994.7 | 546.5 | 521.3 | 389.0 | 337.0 | 163.3 | 647.0 | 398.0 |
| Cash at End | 1,050.2 | 1,782.5 | 1,423.8 | 1,994.7 | 546.5 | 521.3 | 389.0 | 337.0 | 163.3 | 640.8 |
| Free Cash Flow | 218.7 | 34.8 | 55.3 | 223.0 | (225.5) | (341.4) | (810.2) | (819.2) | (678.3) | (334.9) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 5,361.4 | 4,606.1 | 4,601.8 | 4,117.0 | 2,506.6 | 1,715.5 | 1,180.4 | 824.9 | 404.5 | 58.7 |
| Gross Profit | 2,887.2 | 2,492.0 | 2,786.5 | 2,366.8 | 1,324.1 | 819.7 | 381.6 | 107.5 | (47.2) | (123.7) |
| Operating Income | (787.3) | (1,398.4) | (1,395.3) | (702.1) | (862.1) | (1,103.3) | (1,268.5) | (3,485.6) | (520.4) | (381.7) |
| Net Income | (697.9) | (1,322.5) | (1,429.7) | (488.0) | (944.8) | (1,033.7) | (1,255.9) | (3,445.1) | (514.6) | (372.9) |
| EPS (Diluted) | -0.42 | -0.82 | -0.89 | -0.31 | -0.65 | -0.75 | -0.97 | -2.95 | -0.44 | -0.37 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 1,046.5 | 1,780.4 | 1,423.1 | 1,993.8 | 545.6 | 520.3 | 387.1 | 334.1 | 150.1 | 640.8 |
| Total Assets | 7,936.3 | 7,967.8 | 8,029.5 | 7,536.3 | 5,024.2 | 4,011.9 | 2,714.1 | 3,421.6 | 1,722.8 | 938.9 |
| Total Debt | 4,243.9 | 4,345.0 | 4,175.3 | 2,631.0 | 2,003.5 | 1,237.1 | 0.0 | 16.0 | 15.1 | 13.5 |
| Stockholders' Equity | 2,450.8 | 2,414.1 | 2,580.7 | 3,790.2 | 2,330.0 | 2,259.9 | 2,311.0 | 2,992.3 | 1,518.9 | 764.1 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 413.5 | 246.5 | 184.6 | 292.9 | (167.6) | (305.0) | (689.9) | (734.7) | (611.2) | (306.6) |
| Capital Expenditure | (194.8) | (211.7) | (129.3) | (69.9) | (57.8) | (36.5) | (120.2) | (84.5) | (67.0) | (28.3) |
| Free Cash Flow | 218.7 | 34.8 | 55.3 | 223.0 | (225.5) | (341.4) | (810.2) | (819.2) | (678.3) | (334.9) |