Snap Inc
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
SNAP$5.05+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except par value)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $911,227 | $1,046,534 |
| Marketable securities | 2,295,663 | 2,329,745 |
| Accounts receivable, net of allowance | 1,157,615 | 1,348,472 |
| Prepaid expenses and other current assets | 212,532 | 182,006 |
| Total current assets | 4,577,037 | 4,906,757 |
| Property and equipment, net | 501,353 | 489,088 |
| Operating lease right-of-use assets | 528,270 | 530,441 |
| Intangible assets, net | 74,822 | 86,363 |
| Goodwill | 1,691,870 | 1,689,785 |
| Other assets | 215,848 | 233,914 |
| Total assets | $7,589,200 | $7,936,348 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $209,445 | $173,197 |
| Operating lease liabilities | 22,501 | 24,885 |
| Accrued expenses and other current liabilities | 796,258 | 1,009,254 |
| Short-term debt, net | 36,233 | 36,212 |
| Total current liabilities | 1,064,437 | 1,243,548 |
| Long-term debt, net | 3,576,692 | 3,607,717 |
| Operating lease liabilities, noncurrent | 575,427 | 575,082 |
| Other liabilities | 61,309 | 59,240 |
| Total liabilities | 5,277,865 | 5,485,587 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity | ||
| Class A non-voting common stock, $0.00001 par value. 3,000,000 shares authorized, 1,478,508 shares issued, 1,432,528 shares outstanding at March 31, 2025, and 3,000,000 shares authorized, 1,483,718 shares issued, 1,436,495 shares outstanding at December 31, 2024. | 14 | 14 |
| Class B voting common stock, $0.00001 par value. 700,000 shares authorized, 22,523 shares issued and outstanding at March 31, 2025 and December 31, 2024. | — | — |
| Class C voting common stock, $0.00001 par value. 260,888 shares authorized, 231,627 shares issued and outstanding at March 31, 2025 and December 31, 2024. | 2 | 2 |
| Treasury stock, at cost. 45,980 and 47,222 shares of Class A non-voting common stock at March 31, 2025 and December 31, 2024, respectively. | (448,509) | (460,620) |
| Additional paid-in capital | 15,879,359 | 15,644,132 |
| Accumulated deficit | (13,132,148) | (12,735,461) |
| Accumulated other comprehensive income (loss) | 12,617 | 2,694 |
| Total stockholders’ equity | 2,311,335 | 2,450,761 |
| Total liabilities and stockholders’ equity | $7,589,200 | $7,936,348 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.