Snap Inc

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About 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.

Sep 30, 2025 · Filed Nov 6, 2025

SNAP$5.05+1.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Revenue	$1,506,839	$1,372,574	$4,214,986	$3,804,115
Costs and expenses:
Cost of revenue	674,220	638,907	1,967,132	1,802,577
Research and development	453,418	412,791	1,320,908	1,268,746
Sales and marketing	256,215	273,107	772,025	815,461
General and administrative	251,348	220,979	736,805	677,748
Total costs and expenses	1,635,201	1,545,784	4,796,870	4,564,532
Operating loss	(128,362)	(173,210)	(581,884)	(760,417)
Interest income	32,255	38,533	102,472	114,893
Interest expense	(34,494)	(5,883)	(85,500)	(15,739)
Other income (expense), net	27,570	(4,355)	75,816	(25,228)
Loss before income taxes	(103,031)	(144,915)	(489,096)	(686,491)
Income tax benefit (expense)	(510)	(8,332)	(16,602)	(20,466)
Net loss	$(103,541)	$(153,247)	$(505,698)	$(706,957)
Net loss per share attributable to Class A, Class B, and Class C common stockholders (Note 3):
Basic	$(0.06)	$(0.09)	$(0.30)	$(0.43)
Diluted	$(0.06)	$(0.09)	$(0.30)	$(0.43)
Weighted average shares used in computation of net loss per share:
Basic	1,696,542	1,663,011	1,689,251	1,651,756
Diluted	1,696,542	1,663,011	1,689,251	1,651,756

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.