What is Snap's loss on debt extinguishment?

Snap (SNAP) reported loss on debt extinguishment of $0 in Q1 2026.

How has Snap's loss on debt extinguishment changed year-over-year?

Snap's loss on debt extinguishment decreased by 100.0% year-over-year, from $66.94M to $0.

What does loss on debt extinguishment mean?

Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.

Snap SNAP Loss on Debt Extinguishment

Loss on Debt Extinguishment at other companies

Unity SoftwareU

$0-100%

Other financials

Income statement

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Revenue$1.5B+12.1%

Gross profit$863.6M+19.3%

Operating income-$74.4M+61.6%

Net income-$89.0M+36.3%

EPS (diluted)-$0.05+37.5%

Balance sheet

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Cash & equivalents$1.1B+16.5%

Total debt$4.2B-0.2%

Total equity$2.1B-9.8%

Total assets$7.5B-1.2%

Cash flow

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Operating cash flow$326.8M+116%

CapEx$40.8M+9.6%

Free cash flow$286.0M+150%

Valuation

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Market cap$7.72B-47.4%

Enterprise value$10.86B-39.6%

P/S1.3×-1.4×

Profitability

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Gross margin55.8%+1.7pp

Operating margin-7.6%-2.0pp

Net margin-7.5%-1.4pp

FCF margin10%+4.6pp

Returns & leverage

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Return on equity-20.7%-2.7pp

Debt / equity2×+0.2×

Current ratio3.5×-0.8×

Where this comes from

Reported directly by Snap in its filing.

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

The official record: Snap’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Snap's loss on debt extinguishment?: Snap (SNAP) reported loss on debt extinguishment of $0 in Q1 2026.
How has Snap's loss on debt extinguishment changed year-over-year?: Snap's loss on debt extinguishment decreased by 100.0% year-over-year, from $66.94M to $0.
What does loss on debt extinguishment mean?: Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.