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Earnings transcript
Read the complete earnings call transcript.
SNAP
Snap Inc.
$4.63
-0.27
(-5.51%)
| Exchange: | NYSE |
| Market Cap: | 7.82B |
| Shares Outstanding: | 1.017B |
About The Company
| Sector: | Communication Services | |||||
| Industry: | Internet Content & Information | |||||
| CEO: | Evan T. Spiegel | |||||
| Full Time Employees: | 5061 | |||||
| Address: |
| |||||
| Website: | https://www.snap.com |
Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,606,115 | 5,361,398 | 5,931,447 |
| Gross Profit | 2,491,998 | 2,887,161 | 3,260,565.990 |
| EBITDA | -1,103,958 | -492,600 | -169,305 |
| Operating Income | -1,398,379 | -787,294 | -532,167 |
| Net Income | -1,322,485 | -697,856 | -460,489 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 7,967,758 | 7,936,348 | 7,677,802 |
| Total Liabilities | 5,553,646 | 5,485,587 | 5,396,307 |
| Total Stockholders Equity | 2,414,112 | 2,450,761 | 2,281,495 |
| Total Debt | 4,345,000 | 4,243,896 | 653,271 |
| Cash and Cash Equivalents | 1,780,400 | 1,046,534 | 1,030,435 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 246,521 | 413,480 | 656,170 |
| Capital Expenditure | -211,727 | -194,826 | -218,981 |
| Free Cash Flow | 34,794 | 218,654 | 437,189 |
| Net Income | -1,322,485 | -697,856 | -460,489 |
| Net Change in Cash | 358,686 | -732,228 | -18,837 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,710,186.574 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 10,084,253.229 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 9,255,416.667 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -1,407,489.940 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -1,215,707.271 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -1,291,806.696 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 606,319.097 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 733,039.857 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 656,604.839 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 3,403,288.360 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 3,940,170.666 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,616,323.433 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.380 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.430 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.350 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 11 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 15 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Growth: Snap Inc. reported $1.72 billion in revenue for Q4 2025, reflecting robust top-line growth as highlighted in the earnings call transcript. This performance underscores the company’s ability to expand its user base and monetization strategies in the competitive social media space.
- Innovative Product Offerings: The company’s focus on AI-driven enhancements for advertising and subscription services, as mentioned in the Q4 2025 earnings call, positions Snap as a leader in leveraging cutting-edge technology to improve user engagement and revenue diversification.
- Solid Operating Metrics: Positive trends in key metrics such as gross profit margin (TTM) and operating cash flow (from cash flow statements) indicate operational efficiency and the potential for sustainable profitability over time.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates SNAP intrinsic value between $1.86 – $1.94 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about SNAP valuation
Is Snap Inc. (SNAP) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Snap Inc. (SNAP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SNAP a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SNAP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SNAP’s P/E ratio?
You can see SNAP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SNAP?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SNAP a good long-term investment?
Whether SNAP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SNAP
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Daily snapshot
-5.51
Trading Metrics:
| Open: | 4.74 | Previous Close: | 4.9 | |
| Day Low: | 4.55 | Day High: | 4.86 | |
| Year Low: | 3.81 | Year High: | 10.41 | |
| Price Avg 50: | 5.34 | Price Avg 200: | 7.42 | |
| Volume: | 56.01M | Average Volume: | 56.91M |
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Login — it's freeSNAP full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Snap Inc., the parent company behind Snapchat. If you’re curious about whether SNAP stock is a buy, hold, or sell right now, stick around because I’ve got the full breakdown for you—covering financials, valuation, recent performance, and much more. Let’s get started! So, Snap Inc. has been a polarizing name in the social media and tech space for a while now. Known for its…
