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Snap SNAP Business Segments — Infrastructure costs

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SNReportable Segment — Facilities and technology support costs
$20.9M-4.7%
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CWANReportable Segment — Technology expense
$15.09M+56.4%

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 / equity+0.2×
Current ratio3.5×-0.8×

Where this comes from

Reported directly by Snap in its filing.

Tagged under the XBRL concept snap:InfrastructureCosts.

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 business segments — infrastructure costs?
Snap (SNAP) reported business segments — infrastructure costs of $401.23M in Q1 2026.
How has Snap's business segments — infrastructure costs changed year-over-year?
Snap's business segments — infrastructure costs increased by 6.6% year-over-year, from $376.57M to $401.23M.
What is the long-term trend for Snap's business segments — infrastructure costs?
Over 3 years (2022 to 2025), Snap's business segments — infrastructure costs has grown at a 24.6% compound annual growth rate (CAGR), from $818.55M to $1.58B.
What does business segments — infrastructure costs mean?
These are the direct costs associated with maintaining the technical infrastructure required to deliver the company's services, including cloud hosting, data storage, and network bandwidth. These costs are essential for supporting the daily active user base and platform uptime.