SNAP - Snap Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$8.50
DETAILS
HIGH:
$9.50
LOW:
$7.00
MEDIAN:
$8.50
CONSENSUS:
$8.50
UPSIDE:
12.88%
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,506.8 | 1,344.9 | 1,363.2 | 1,557.3 | 1,372.6 | 1,236.8 | 1,194.8 | 1,361.3 | 1,188.6 | 1,067.7 |
| Cost of Revenue | 674.2 | 653.3 | 639.6 | 671.7 | 638.9 | 588.9 | 574.7 | 621.5 | 555.8 | 496.9 |
| Gross Profit | 832.6 | 691.6 | 723.6 | 885.6 | 733.7 | 647.8 | 620.0 | 739.8 | 632.8 | 570.8 |
| Operating Expenses | ||||||||||
| R&D Expenses | 453.4 | 443.3 | 424.2 | 422.9 | 412.8 | 406.2 | 449.8 | 483.5 | 494.6 | 477.7 |
| SG&A Expenses | 507.6 | 507.9 | 480.0 | 489.6 | 494.1 | 495.6 | 503.5 | 505.0 | 518.3 | 497.5 |
| Other Expenses | 0.0 | 0.0 | 13.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 961.0 | 951.3 | 917.5 | 912.5 | 906.9 | 901.8 | 953.3 | 988.5 | 1,012.9 | 975.1 |
| Operating Income | ||||||||||
| Operating Income | (128.4) | (259.7) | (193.8) | (26.9) | (173.2) | (254.0) | (333.2) | (248.7) | (380.1) | (404.3) |
| Interest Expense | 34.5 | 27.6 | 23.4 | 5.8 | 5.9 | 5.1 | 4.7 | 5.3 | 5.5 | 5.3 |
| Interest Income | 32.3 | 33.2 | 37.0 | 38.6 | 38.5 | 36.5 | 39.9 | 43.5 | 43.8 | 43.1 |
| Profitability | ||||||||||
| EBITDA | (26.0) | (187.3) | (70.0) | 59.7 | (100.2) | (200.4) | (251.7) | (187.4) | (315.7) | (320.2) |
| EBIT | (68.5) | (227.3) | (107.8) | 20.1 | (139.0) | (238.3) | (293.4) | (239.7) | (356.9) | (359.9) |
| Income Before Tax | (103.0) | (254.9) | (131.2) | 14.3 | (144.9) | (243.4) | (298.2) | (245.0) | (362.4) | (365.2) |
| Income Tax Expense | 0.5 | 7.7 | 8.4 | 5.2 | 8.3 | 5.2 | 6.9 | 3.3 | 5.8 | 12.1 |
| Net Income | (103.5) | (262.6) | (139.6) | 9.1 | (153.2) | (248.6) | (305.1) | (248.2) | (368.3) | (377.3) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 | -0.15 | -0.19 | -0.15 | -0.23 | -0.24 |
| EPS (Diluted) | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 | -0.15 | -0.19 | -0.15 | -0.23 | -0.24 |
| Shares Outstanding | 1,696.5 | 1,674.9 | 1,696.4 | 1,717.1 | 1,663.0 | 1,644.7 | 1,647.4 | 1,638.7 | 1,625.9 | 1,603.2 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 953.3 | 926.0 | 911.2 | 1,046.5 | 965.0 | 1,060.6 | 1,060.4 | 1,780.4 | 1,199.4 | 1,228.6 |
| Short-Term Investments | 2,040.1 | 1,967.1 | 2,295.7 | 2,329.7 | 2,227.2 | 2,020.7 | 1,850.6 | 1,763.7 | 2,414.1 | 2,460.6 |
| Net Receivables | 1,248.0 | 1,164.9 | 1,157.6 | 1,348.5 | 1,195.7 | 1,141.8 | 1,108.4 | 1,278.2 | 1,116.5 | 996.1 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets | 235.1 | 226.3 | 212.5 | 182.0 | 200.9 | 198.1 | 167.4 | 153.6 | 144.3 | 154.2 |
| Total Current Assets | 4,476.5 | 4,284.2 | 4,577.0 | 4,906.8 | 4,588.7 | 4,421.2 | 4,186.8 | 4,975.8 | 4,874.3 | 4,839.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,077.6 | 1,078.3 | 1,029.6 | 1,019.5 | 983.4 | 965.6 | 937.5 | 927.2 | 722.0 | 679.0 |
| Goodwill | 1,720.6 | 1,720.8 | 1,691.9 | 1,689.8 | 1,693.9 | 1,691.3 | 1,691.5 | 1,691.8 | 1,691.5 | 1,692.1 |
| Intangible Assets | 77.3 | 88.8 | 74.8 | 86.4 | 98.9 | 112.8 | 127.7 | 146.3 | 183.9 | 202.7 |
| 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 | 226.0 | 226.9 | 215.8 | 233.9 | 226.5 | 229.1 | 224.0 | 226.6 | 251.2 | 253.0 |
| Total Non-Current Assets | 3,101.5 | 3,114.8 | 3,012.2 | 3,029.6 | 3,002.7 | 2,998.8 | 2,980.6 | 2,991.9 | 2,848.6 | 2,826.7 |
| Total Assets | 7,577.9 | 7,399.0 | 7,589.2 | 7,936.3 | 7,591.4 | 7,420.0 | 7,167.4 | 7,967.8 | 7,722.9 | 7,666.2 |
| Current Liabilities | ||||||||||
| Account Payables | 153.7 | 116.9 | 209.4 | 173.2 | 157.5 | 179.6 | 246.2 | 279.0 | 128.5 | 163.6 |
| Short-Term Debt | 90.4 | 0.0 | 58.7 | 36.2 | 36.2 | 36.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 112.8 | 0.0 | 0.0 | 0.0 | 93.7 | 0.0 | 0.0 |
| Other Current Liabilities | 976.5 | 0.0 | 796.3 | 302.5 | 0.0 | 0.0 | 0.0 | 239.3 | 0.0 | 0.0 |
| Total Current Liabilities | 1,220.6 | 1,103.0 | 1,064.4 | 1,243.5 | 1,136.4 | 1,112.2 | 1,112.4 | 1,134.1 | 1,009.6 | 937.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,490.9 | 3,576.0 | 3,576.7 | 3,607.7 | 3,605.1 | 3,602.6 | 3,301.5 | 3,749.4 | 3,747.7 | 3,746.0 |
| 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 | 66.8 | 66.8 | 61.3 | 59.2 | 61.9 | 58.7 | 68.4 | 123.8 | 126.1 | 120.7 |
| Total Non-Current Liabilities | 4,130.0 | 4,226.6 | 4,213.4 | 4,242.0 | 4,245.0 | 4,241.2 | 3,923.6 | 4,419.5 | 4,220.3 | 4,223.6 |
| Total Liabilities | 5,350.6 | 5,329.6 | 5,277.9 | 5,485.6 | 5,381.3 | 5,353.3 | 5,036.1 | 5,553.6 | 5,229.9 | 5,161.3 |
| 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 | (13,741.7) | (13,638.2) | (13,132.1) | (12,735.5) | (12,744.6) | (12,591.3) | (12,266.7) | (11,726.5) | (11,288.9) | (10,920.6) |
| Accumulated Other Comprehensive Income | 26.0 | 24.8 | 12.6 | 2.7 | 28.8 | 2.8 | 0.8 | 7.1 | (17.8) | (16.2) |
| Total Stockholders' Equity | 2,227.3 | 2,069.4 | 2,311.3 | 2,450.8 | 2,210.1 | 2,066.7 | 2,131.3 | 2,414.1 | 2,493.0 | 2,505.0 |
| Total Liabilities & Equity | 7,577.9 | 7,399.0 | 7,589.2 | 7,936.3 | 7,591.4 | 7,420.0 | 7,167.4 | 7,967.8 | 7,722.9 | 7,666.2 |
| Debt Metrics | ||||||||||
| Total Debt | 4,153.6 | 4,192.0 | 4,210.9 | 4,243.9 | 4,240.6 | 4,239.9 | 3,891.9 | 4,345.0 | 4,156.3 | 4,160.8 |
| Net Debt | 3,200.3 | 3,266.0 | 3,299.6 | 3,197.4 | 3,275.6 | 3,179.4 | 2,831.5 | 2,564.6 | 2,956.9 | 2,932.1 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (103.5) | (262.6) | (139.6) | 9.1 | (153.2) | (248.6) | (305.1) | (248.2) | (368.3) | (377.3) |
| Depreciation & Amortization | 42.5 | 40.0 | 37.7 | 39.6 | 38.9 | 37.9 | 41.7 | 52.3 | 41.2 | 39.7 |
| Stock-Based Compensation | 260.4 | 251.9 | 247.3 | 257.7 | 260.2 | 259.3 | 263.8 | 333.2 | 357.9 | 317.9 |
| Change in Working Capital | (3.7) | 48.6 | 50.4 | (64.5) | (35.4) | (85.5) | 93.9 | (5.8) | (36.7) | (43.4) |
| Other Non-Cash Items | (49.1) | 10.6 | (44.3) | (11.3) | 5.5 | 15.5 | (5.9) | 33.1 | 18.6 | (18.9) |
| Operating Cash Flow | 146.5 | 88.5 | 151.6 | 230.6 | 115.9 | (21.4) | 88.4 | 164.6 | 12.8 | (81.9) |
| Investing Activities | ||||||||||
| Capital Expenditure | (53.0) | (64.7) | (37.2) | (48.3) | (44.0) | (52.1) | (50.4) | (53.7) | (73.4) | (36.9) |
| Acquisitions | 0.0 | (35.5) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (50.3) |
| Purchases of Investments | (388.7) | (410.9) | (235.8) | (342.1) | (705.1) | (776.9) | (465.7) | (6.0) | (537.0) | (634.5) |
| Sales/Maturities of Investments | 333.8 | 726.5 | 275.8 | 241.6 | 526.3 | 614.7 | 384.9 | 685.1 | 579.2 | 697.8 |
| Other Investing Activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | (2.3) | (0.3) | (2.5) |
| Investing Cash Flow | (107.9) | 215.4 | 2.8 | (148.8) | (222.8) | (214.3) | (131.2) | 623.1 | (31.6) | (26.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (1,477.6) | (36.2) | 28.5 | 0.0 | 0.0 | 322.0 | (440.7) | 0.0 | 0.0 | 0.0 |
| Stock Repurchased | 1,444.6 | (243.5) | (257.1) | 0.0 | 0.0 | (76.0) | (235.1) | (189.4) | 0.0 | 0.0 |
| 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 | 21.0 | (11.4) | (59.9) | 0.0 | 10.3 | (9.2) | 0.1 | (15.3) | (10.4) | (241.7) |
| Financing Cash Flow | (12.0) | (291.1) | (288.5) | 0.0 | 10.3 | 236.8 | (675.8) | (204.6) | (10.4) | (241.7) |
| Cash Position | ||||||||||
| Net Change in Cash | 27.3 | 12.9 | (134.2) | 81.8 | (96.6) | 1.1 | (718.6) | 583.0 | (29.3) | (350.0) |
| Cash at Beginning | 928.9 | 916.1 | 1,050.2 | 968.4 | 1,065.0 | 1,063.9 | 1,782.5 | 1,199.4 | 1,228.7 | 1,578.7 |
| Cash at End | 953.3 | 928.9 | 916.1 | 1,050.2 | 968.4 | 1,065.0 | 1,063.9 | 1,782.5 | 1,199.4 | 1,228.7 |
| Free Cash Flow | 93.4 | 23.8 | 114.4 | 182.4 | 71.8 | (73.4) | 37.9 | 110.9 | (60.7) | (118.9) |
| Key Metrics | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,506.8 | 1,344.9 | 1,363.2 | 1,557.3 | 1,372.6 | 1,236.8 | 1,194.8 | 1,361.3 | 1,188.6 | 1,067.7 |
| Gross Profit | 832.6 | 691.6 | 723.6 | 885.6 | 733.7 | 647.8 | 620.0 | 739.8 | 632.8 | 570.8 |
| Operating Income | (128.4) | (259.7) | (193.8) | (26.9) | (173.2) | (254.0) | (333.2) | (248.7) | (380.1) | (404.3) |
| Net Income | (103.5) | (262.6) | (139.6) | 9.1 | (153.2) | (248.6) | (305.1) | (248.2) | (368.3) | (377.3) |
| EPS (Diluted) | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 | -0.15 | -0.19 | -0.15 | -0.23 | -0.24 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 953.3 | 926.0 | 911.2 | 1,046.5 | 965.0 | 1,060.6 | 1,060.4 | 1,780.4 | 1,199.4 | 1,228.6 |
| Total Assets | 7,577.9 | 7,399.0 | 7,589.2 | 7,936.3 | 7,591.4 | 7,420.0 | 7,167.4 | 7,967.8 | 7,722.9 | 7,666.2 |
| Total Debt | 4,153.6 | 4,192.0 | 4,210.9 | 4,243.9 | 4,240.6 | 4,239.9 | 3,891.9 | 4,345.0 | 4,156.3 | 4,160.8 |
| Stockholders' Equity | 2,227.3 | 2,069.4 | 2,311.3 | 2,450.8 | 2,210.1 | 2,066.7 | 2,131.3 | 2,414.1 | 2,493.0 | 2,505.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 146.5 | 88.5 | 151.6 | 230.6 | 115.9 | (21.4) | 88.4 | 164.6 | 12.8 | (81.9) |
| Capital Expenditure | (53.0) | (64.7) | (37.2) | (48.3) | (44.0) | (52.1) | (50.4) | (53.7) | (73.4) | (36.9) |
| Free Cash Flow | 93.4 | 23.8 | 114.4 | 182.4 | 71.8 | (73.4) | 37.9 | 110.9 | (60.7) | (118.9) |