{ "ok": true, "cik": "1564408", "ticker": "SNAP", "name": "SNAP INC", "filings": [ { "form": "8-K", "filed": "2026-09-08", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1564408/000119312526385199/0001193125-26-385199-index.htm" }, { "form": "10-Q", "filed": "2026-08-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1564408/000156440826000052/0001564408-26-000052-index.htm" }, { "form": "8-K", "filed": "2026-08-03", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1564408/000156440826000047/0001564408-26-000047-index.htm" }, { "form": "8-K", "filed": "2026-07-09", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1564408/000156440826000041/0001564408-26-000041-index.htm" }, { "form": "8-K", "filed": "2026-05-20", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1564408/000119312526232814/0001193125-26-232814-index.htm" }, { "form": "10-Q", "filed": "2026-05-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1564408/000156440826000027/0001564408-26-000027-index.htm" } ], "events12m": 10, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001564408.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1564408" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up SNAP INC ($SNAP). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-08. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 5931447000, "revenueGrowth1y": 0.10632469367131492, "revenueGrowthPerYear": 0.09557895411288442, "yearsOfData": 5, "operatingMargin": -0.08971959118913142, "operatingMarginPrior": -0.1468449087346248, "netMargin": -0.07763518750146466, "operatingCashFlow": 656170000, "capitalSpending": 218981000, "freeCashFlow": 437189000, "researchAndDevelopment": 1793601000, "researchShareOfRevenue": 0.30238843911106345, "cash": 1030435000, "longTermDebt": 3536829000, "longTermDebtChange": -0.029391352026891804, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 4117048000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 4601847000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 4606115000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 5361398000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 5931447000 } ], "totalEquity": 2281495000, "totalAssets": 7677802000, "equityRatio": 0.29715470651626597, "returnOnEquity": -0.20183651509207778, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 5176295069.032291, "high": 7671694955.197236, "baseline": 6508606901.838666, "n": 4599, "band": "b1" }, "ifPaceHeld": { "low": 5176295069.032291, "high": 7671694955.197236 } }, "edgarette": "🔖 Exposure: revenue $5.9B (FY2025), total debt $3.5B. Experience: revenue up 10.6% on the year, up 9.6% a year over 4 years; operating margin -9.0%, up from -14.7%. Soundness: equity 29.7% of assets, return on equity -20.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $5.2B and $7.7B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (40 filers, $50M+ revenue, services-computer programming, data processing, etc.): operating margin -9.0% against a 2.9% median; growth 10.6% against 5.7%.", "peers": { "sic": 7370, "sicDescription": "Services-Computer Programming, Data Processing, Etc.", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7370", "growth": [ 0.0568, 39 ], "opMargin": [ 0.0291, 40 ], "equityRatio": [ 0.4464, 38 ], "returnOnEquity": [ 0.0457, 30 ] }, "summary": "Snap (SNAP) grew revenue 10.6% in FY2025 to $5.9 billion, operating margin -9.0% against a 2.9% median for services-computer programming, data processing, etc., equity 29.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
SNAP INC against its own record and its peers
Operating marginPeer median 2.9%-9.0%Revenue, on the yearPeer median 5.7%10.6%Equity of assetsPeer median 44.6%29.7%Return on equityPeer median 4.6%-20.2%Gold tick: the median of 30–38 peers with $50M+ revenue in services-computer programming, data processing, etc.
", "chartHorizon": null, "backtest": { "tests": 7, "hits": 5, "rate": 0.7142857142857143, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:24:15.120Z", "hash": "a2d38493f1a3bbe9", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Snap (SNAP) grew revenue 10.6% in FY2025 to $5.9 billion, operating margin -9.0% against a 2.9% median for services-computer programming, data processing, etc., equity 29.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 5931447000, "totalDebt": 3536829000, "cash": 1030435000 }, "experience": { "revenueGrowth1y": 0.10632469367131492, "revenueGrowthPerYear": 0.09557895411288442, "operatingMargin": -0.08971959118913142, "operatingMarginPrior": -0.1468449087346248, "netMargin": -0.07763518750146466, "freeCashFlow": 437189000 }, "soundness": { "equityRatio": 0.29715470651626597, "returnOnEquity": -0.20183651509207778, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7370, "sicDescription": "Services-Computer Programming, Data Processing, Etc.", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7370", "growth": [ 0.0568, 39 ], "opMargin": [ 0.0291, 40 ], "equityRatio": [ 0.4464, 38 ], "returnOnEquity": [ 0.0457, 30 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 5176295069.032291, "high": 7671694955.197236, "baseline": 6508606901.838666, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4599, "sizeBand": "b1" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 7, "hits": 5, "rate": 0.7142857142857143, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:24:15.120Z", "hash": "a2d38493f1a3bbe9", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001564408.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1564408" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }