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Snap SNAP Q4 2025 Annual earnings

Reported February 4, 2026 · After market close

Revenue$1.7BBeat by $17.3M
EPS$0.03Beat by $0.06
Revenue estimate$1.7B
EPS estimate-$0.03

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$1.7B
EPS estimate$0.16

Financials

Q4 2025

Income statement

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Revenue$1.7B+10.2%
Gross profit$1.0B+14.5%
Operating income-+100%
Net income-—

Balance sheet

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Cash & equivalents$1.0B-1.5%
Total debt$4.1B-2.4%
Total equity$2.3B-6.9%
Total assets$7.7B-3.3%

Cash flow

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Operating cash flow$269.6M+16.9%
CapEx$64.0M+32.6%
Free cash flow$205.6M+12.7%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$13.88B-23.2%
Enterprise value$16.99B-20.1%
P/S2.3×-1.0×

Profitability

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Gross margin55%+1.1pp
Operating margin-9.8%-2.4pp
Net margin-8.5%-2.2pp
FCF margin7.4%+3.3pp

Returns & leverage

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Return on equity-21.4%-4.5pp
Debt / equity1.8×+0.1×
Current ratio3.6×-0.4×

Segments

By geography

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North America$993.8M+6.3%
Rest of world$393.8M+15.2%
Europe$328.8M+17.2%

By product

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Advertising revenue$1.5B+5.0%
Other revenue$231.9M+62.4%

By segment

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Reportable Segment$1.7B+10.2%

FAQ

When did Snap report Q4 2025 earnings?
Snap (SNAP) reported Q4 2025 earnings on February 4, 2026 after market close.
What were Snap's Q4 2025 revenue and EPS?
Snap reported revenue of $1.7B and eps of $0.03 for Q4 2025.
Did Snap beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.7B by $17.3M. EPS beat the consensus estimate of $-0.03 by $0.06.
How did Snap's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.2% from $1.6B a year earlier and eps declined 81.3% from $0.16.
Where can I find Snap's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001564408-26-000011) and the 10-K periodic report (0001564408-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.