# SNAP INC (SNAP) · Edgar & Edgarette company card

> Snap (SNAP) grew revenue 10.6% in FY2025 to $5.9 billion, operating margin -9.0% against a 2.9% median for computer programming, data processing, etc., equity 29.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1564408 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SNAP) · [JSON](https://www.pops4.com/boards/company/SNAP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $5.9B |
| Revenue growth, 1 year | 10.6% |
| Revenue growth per year | 9.6% |
| Operating margin | -9.0% (prior year -14.7%) |
| Net margin | -7.8% |
| Operating cash flow | $656M |
| Capital spending | $219M |
| Free cash flow | $437M |
| Cash | $1.0B |
| Long-term debt | $3.5B |
| Total assets | $7.7B |
| Total equity | $2.3B |
| Equity ÷ assets | 29.7% |
| Return on equity | -20.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -3.13 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -3.12 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · filed restructuring or exit costs in the last 12 months; operating loss: a margin of -9.0% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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 $5.7B and $7.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $5.3B to $7.7B. A statistical range, not company guidance. 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%.

Range logged 2026-09-26, receipt fab280cce403c8fb, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 1, latest 2026-04-15 ([filing](https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm))
- Item 5.02 Director or officer change: 4, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/1564408/000119312526385199/0001193125-26-385199-index.htm))

## Recent filings

- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1564408/000119312526385199/0001193125-26-385199-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/1564408/000156440826000052/0001564408-26-000052-index.htm)
- 8-K · filed 2026-08-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1564408/000156440826000047/0001564408-26-000047-index.htm)
- 8-K · filed 2026-07-09 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1564408/000156440826000041/0001564408-26-000041-index.htm)
- 8-K · filed 2026-05-20 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1564408/000119312526232814/0001193125-26-232814-index.htm)
- 10-Q · filed 2026-05-07 · [filing](https://www.sec.gov/Archives/edgar/data/1564408/000156440826000027/0001564408-26-000027-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001564408.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1564408

## Cite

POPS4, Edgar & Edgarette: SNAP INC (SNAP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SNAP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.