Snap (SNAP) reported R&D of $478.3M in Q1 2026.

How has Snap's R&D changed year-over-year?

Snap's R&D increased by 12.8% year-over-year, from $424.17M to $478.3M.

What is the long-term trend for Snap's R&D?

Over 4 years (2021 to 2025), Snap's R&D has grown at a 3.5% compound annual growth rate (CAGR), from $1.57B to $1.79B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Snap SNAP R&D

R&D at other companies

AppleAAPL

$11.42B+33.6%

Meta Platforms, Inc.META

$17.7B+45.7%

Pinterest, Inc.PINS

$380.79M+14.8%

RedditRDDT

$207.25M+8.4%

New York TimesNYT

$70.19M+5.5%

Alphabet Inc.GOOGL

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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:ResearchAndDevelopmentExpense.

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 R&D?: Snap (SNAP) reported R&D of $478.3M in Q1 2026.
How has Snap's R&D changed year-over-year?: Snap's R&D increased by 12.8% year-over-year, from $424.17M to $478.3M.
What is the long-term trend for Snap's R&D?: Over 4 years (2021 to 2025), Snap's R&D has grown at a 3.5% compound annual growth rate (CAGR), from $1.57B to $1.79B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.