Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. SNAP Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Snap (SNAP)

Market Price (9/18/2025): $8.03 | Market Cap: $13.4 Bil
Sector: Communication Services | Industry: Interactive Media & Services

Snap (SNAP)

Market Price (9/18/2025): $8.03
Market Cap: $13.4 Bil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%		 Weak multi-year price returns
2Y Excs Rtn is -62%, 3Y Excs Rtn is -97%		 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -654 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
1   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6%
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
1 Weak multi-year price returns
2Y Excs Rtn is -62%, 3Y Excs Rtn is -97%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -654 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
3 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6%

Market Valuation

 9/18/252024202320222021
Share Price CYE$8.03$10.77$16.93$8.95$47.03
Market Cap CYE ($ Bil)13.418.127.714.175.5
Total Debt ($ Bil)4.24.24.34.22.6
Total Cash ($ Bil)2.93.43.53.93.7
Enterprise Value ($ Bil)14.722.332.018.378.1
Valuation Ratios     
P/S TTM2.43.35.93.117.8
P/EBIT TTM-29.6-27.5-21.5-10.4-160.5
P/E TTM-24.6-25.6-20.6-10.1-150.3
Sector Ratios     
P/S TTM (Sector)1.11.01.11.22.0
P/EBIT TTM (Sector)1.30.90.01.03.2
P/E TTM (Sector)-0.6-0.7-0.5-0.31.7
 9/18/2520242023
Share Price CYE$8.03$10.77$16.93
Market Cap CYE ($ Bil)13.418.127.7
Total Debt ($ Bil)4.24.24.3
Total Cash ($ Bil)2.93.43.5
Enterprise Value ($ Bil)14.722.332.0
Valuation Ratios   
P/S TTM2.43.35.9
P/EBIT TTM-29.6-27.5-21.5
P/E TTM-24.6-25.6-20.6
Sector Ratios   
P/S TTM (Sector)1.11.01.1
P/EBIT TTM (Sector)1.30.90.0
P/E TTM (Sector)-0.6-0.7-0.5

Market Cap Chart

Business Description

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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
SNAP Return207%-6%-81%89%-36%-26%-55%
Peers Return100%-1%-37%77%22%35%260%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GOOGL, META, Z, RDDT, PINS. See SNAP Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Interactive Breakdown

Snap Interactive Breakdown Analysis

Better Bets than Snap (SNAP)

 SNAPBetter Performance than SNAP
MetricValueIndustry (Interactive Media & Services)
Rev Chg LTM13.2%META (19.4%), SPOT (14.8%), RDDT (70.0%), PINS (17.0%), NBIS (542.6%)
Rev Chg 3Y Avg7.7%GOOGL (10.2%), META (13.0%), SPOT (15.7%), RDDT (42.6%), PINS (12.9%)
Op Mgn LTM-11.6%GOOGL (32.7%), META (42.9%), SPOT (11.1%), RDDT (7.9%), BIDU (13.3%)
CFO/Rev LTM10.4%GOOGL (36.0%), META (56.4%), SPOT (17.1%), RDDT (24.0%), PINS (27.5%)
FCF/Rev LTM7.0%GOOGL (18.0%), META (30.7%), SPOT (17.0%), RDDT (23.8%), PINS (26.8%)
Total Yield-4.1%GOOGL (4.1%), META (3.7%), SPOT (0.6%), RDDT (0.4%), BIDU (59.5%)
 SNAPBetter Performance than SNAP
MetricValueAll Other Sectors
Rev Chg LTM13.2%NVDA (71.6%), MSFT (14.9%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg7.7%NVDA (92.0%), MSFT (12.5%), AMZN (11.3%), AVGO (24.0%), TSLA (12.9%)
Op Mgn LTM-11.6%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AMZN (11.4%), AVGO (39.0%)
CFO/Rev LTM10.4%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), AMZN (18.1%), AVGO (42.4%)
FCF/Rev LTM7.0%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), AVGO (41.6%), V (56.8%)
Total Yield-4.1%NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), AMZN (2.9%), AVGO (1.2%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Snap Earnings Notes  
2Is The 22.6% Decline In Snap (SNAP) Stock A Dip Buying Opportunity?Actionable 
3Is The 27.9% Decline In Snap (SNAP) Stock A Dip Buying Opportunity?Actionable 
4Is The 29.8% Decline In Snap (SNAP) Stock A Dip Buying Opportunity?Actionable 
5Is The 24.8% Decline In Snap (SNAP) Stock A Dip Buying Opportunity?Actionable 
6SNAP Dip Buy Analysis  
7Snap Total Shareholder Return (TSR): -36.4% in 2024 and -38.8% 3-yr compounded annual returns (below peer average)  
8Snap (SNAP) Operating Cash Flow ComparisonFinancials 
9Snap (SNAP) Net Income ComparisonFinancials 
10Snap (SNAP) Operating Income ComparisonFinancials 
11ARTICLES  
12Should You Buy or Sell SNAP Stock At $8? September 17th, 2025
13SNAP Shares Tumbled 23%, Opportunity Or Trap? September 2nd, 2025
14SNAP Shares Tumbled 28%, Opportunity Or Trap? August 27th, 2025
15Only One Stock Trading At 52-Week Low August 27th, 2025
16SNAP Shares Tumbled 32%, Opportunity Or Trap? August 21st, 2025

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Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Snap

Financials

SNAPGOOGLMETAZRDDTPINSMedian
NameSnap Alphabet Meta Pla.Zillow Reddit Pinterest 
Mkt Price7.99249.53775.7290.32266.4736.49169.93
Mkt Cap13.43,024.81,960.221.849.424.737.1
Rev LTM5,638371,399170,3592,3881,6683,9064,772
Op Inc LTM-654121,37073,116-133131216174
FCF LTM39266,72852,3112153971,047722
FCF 3Y Avg16366,20339,96021099742476
CFO LTM587133,70896,1084844011,073830
CFO 3Y Avg360112,63674,289407106762584

Growth & Margins

SNAPGOOGLMETAZRDDTPINSMedian
NameSnap Alphabet Meta Pla.Zillow Reddit Pinterest 
Rev Chg LTM13.2%13.1%19.4%15.3%70.0%17.0%16.2%
Rev Chg 3Y Avg7.7%10.2%13.0%4.6%42.6%12.9%11.6%
Rev Chg Q8.7%13.8%16.1%14.5%77.7%16.9%15.3%
QoQ Delta Rev Chg LTM2.0%3.2%3.6%3.6%15.1%3.8%3.6%
Op Mgn LTM-11.6%32.7%42.9%-5.6%7.9%5.5%6.7%
Op Mgn 3Y Avg-23.1%29.4%34.6%-9.4%-28.5%-1.4%-5.4%
QoQ Delta Op Mgn LTM0.1%0.0%0.7%1.4%5.6%0.2%0.5%
CFO/Rev LTM10.4%36.0%56.4%20.3%24.0%27.5%25.7%
CFO/Rev 3Y Avg7.0%34.1%51.0%19.3%3.7%21.9%20.6%
FCF/Rev LTM7.0%18.0%30.7%9.0%23.8%26.8%20.9%
FCF/Rev 3Y Avg3.0%20.3%26.9%10.1%3.0%21.3%15.2%

Valuation

SNAPGOOGLMETAZRDDTPINSMedian
NameSnap Alphabet Meta Pla.Zillow Reddit Pinterest 
Mkt Cap13.43,024.81,960.221.849.424.737.1
P/S2.48.111.59.129.66.38.6
P/EBIT-29.521.625.9-640.4376.2114.423.7
P/E-24.526.229.4-351.2228.412.819.5
P/CFO22.822.620.445.0123.423.022.9
Total Yield-4.1%4.1%3.7%-0.3%0.4%7.8%2.0%
Dividend Yield0.0%0.3%0.3%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg1.1%3.5%3.0%1.6%-3.0%3.0%
D/E0.30.00.00.00.00.00.0
Net D/E0.1-0.0-0.0-0.0-0.0-0.1-0.0

Returns

SNAPGOOGLMETAZRDDTPINSMedian
NameSnap Alphabet Meta Pla.Zillow Reddit Pinterest 
1M Rtn8.9%22.7%1.1%6.9%10.2%1.1%7.9%
3M Rtn-2.9%44.1%11.5%33.7%88.8%4.9%22.6%
6M Rtn-11.6%52.6%32.9%28.0%142.4%15.5%30.5%
12M Rtn-15.2%57.3%45.0%43.8%330.6%24.3%44.4%
3Y Rtn-29.3%144.4%433.2%164.4%-46.4%144.4%
1M Excs Rtn6.5%20.4%-1.3%4.5%7.9%-1.3%5.5%
3M Excs Rtn-12.6%31.6%0.9%23.2%88.8%-4.7%12.1%
6M Excs Rtn-26.0%38.1%15.7%12.2%124.5%-1.0%14.0%
12M Excs Rtn-33.4%41.9%31.1%33.9%333.6%9.1%32.5%
3Y Excs Rtn-97.4%66.1%301.1%82.7%--18.6%66.1%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/6/20254/30/20252/5/202510/30/20248/2/20244/26/20242/7/202410/25/20237/26/20234/28/20232/1/202310/21/2022
Key Financials Quarterly            
Total Revenue1,3451,3631,5571,3731,2371,1951,3611,1891,0689891,3001,128
Ebitda-187-7060-100-200-252-187-316-320-281-230-309
Operating Income-260-194-27-173-254-333-249-380-404-365-288-435
Net Income-263-1409-153-249-305-248-368-377-329-288-360
EPS-0.16-0.080.01-0.09-0.15-0.19-0.15-0.23-0.24-0.21-0.18-0.22
Key Financials TTM            
Total Revenue TTM5,6385,5305,3615,1654,9814,8124,6064,5454,4844,5284,6024,600
Ebitda TTM-298-311-493-740-955-1,075-1,104-1,147-1,140-1,150-1,177-872
Operating Income TTM-654-648-787-1,009-1,216-1,366-1,398-1,437-1,492-1,489-1,395-1,133
Net Income TTM-546-532-698-955-1,170-1,299-1,322-1,363-1,354-1,399-1,430-1,119
Growth Rates Quarterly            
Total Revenue Growth8.7%14.1%14.4%15.5%15.8%20.9%4.7%5.3%-3.9%-7.0%0.1%5.7%
EBITDA Growth6.5%72.2%131.8%68.3%37.4%10.3%18.7%-2.3%3.0%8.8%-409.4%-796.3%
Operating Income Growth-2.2%41.8%89.2%54.4%37.2%8.8%13.5%12.7%-0.8%-34.5%-1044.6%-140.7%
Net Income Growth-5.6%54.2%103.7%58.4%34.1%7.2%13.9%-2.4%10.6%8.6%-1379.2%-399.6%
Margins Quarterly            
EBITDA Margin-13.9%-5.1%3.8%-7.3%-16.2%-21.1%-13.8%-26.6%-30.0%-28.4%-17.7%-27.3%
Operating Income Margin-19.3%-14.2%-1.7%-12.6%-20.5%-27.9%-18.3%-32.0%-37.9%-36.9%-22.1%-38.6%
Net Income Margin-19.5%-10.2%0.6%-11.2%-20.1%-25.5%-18.2%-31.0%-35.3%-33.2%-22.2%-31.9%
Cash & Debt            
Total Cash2,8933,2073,3763,1923,0812,9113,5443,6133,6894,1033,9394,429
Total Debt4,1924,2114,2444,2414,2403,8924,3454,1564,1614,1644,1754,183
Net Debt / (Cash)1,2991,0048681,0481,15998180154347260236-246
Cash Flows Quarterly            
FCF from Operations88152231116-218816513-8215112556
Cash Flows TTM            
FCF from Operations TTM587477413347244184247207250208185245
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases243257-0-076235189-0-0-0501501
Return on Invested Capital (ROIC) Quarterly            
ROIC-6.3%-4.8%-0.4%-4.5%-6.6%-8.9%-6.9%-11.0%-12.1%-11.5%-9.2%-15.0%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-3.9%-4.0%-5.0%-6.5%-7.9%-9.2%-9.7%-10.4%-11.1%-11.7%-11.1%-9.8%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment4,6064,6024,1172,5071,716
Total4,6064,6024,1172,5071,716


Price Behavior

SNAP Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.940.901.501.781.591.78
Up Beta2.490.311.252.242.081.91
Down Beta2.252.453.691.381.331.85
Up Capture-181%-73%25%107%102%338%
Bmk +ve Days10223571142415
Stock +ve Days9193059118374
Down Capture267%257%186%156%126%108%
Bmk -ve Days11192754106334
Stock -ve Days12223266129367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity143,866,143
Short Interest: % Change Since 815202525.5%
Average Daily Volume52,435,753
Days-to-Cover Short Interest2.74
Basic Shares Quantity1,674,854,000
Short % of Basic Shares8.6%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2025-17.1%-22.6%-24.5%
4/29/2025-12.4%-8.0%-8.9%
2/4/2025-8.4%-6.3%-17.2%
8/1/2024-26.9%-30.2%-27.1%
4/25/202427.6%43.0%33.5%
2/6/2024-34.6%-36.2%-32.1%
10/24/2023-5.4%3.1%26.8%
7/25/2023-14.2%-9.8%-26.1%
...
SUMMARY STATS   
# Positive8107
# Negative151316
Median Positive25.7%14.1%26.8%
Median Negative-14.7%-11.4%-19.1%
Max Positive58.8%65.8%46.5%
Max Negative-39.1%-40.9%-32.1%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025430202510-Q 3/31/2025
12312024205202510-K 12/31/2024
93020241030202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024426202410-Q 3/31/2024
12312023207202410-K 12/31/2023
93020231025202310-Q 9/30/2023
6302023726202310-Q 6/30/2023
3312023428202310-Q 3/31/2023
12312022201202310-K 12/31/2022
93020221021202210-Q 9/30/2022
6302022722202210-Q 6/30/2022
3312022422202210-Q 3/31/2022
12312021204202210-K 12/31/2021
93020211022202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Jenkins Elizabeth 8292025Sell7.077,90055,853464,237Form
1O'Sullivan Michael J.General Counsel8292025Sell7.1624,000171,8573,761,186Form
2Morrow RebeccaChief Accounting Officer8202025Sell7.1710,21673,2673,127,529Form
3Mohan AjitChief Business Officer8202025Sell7.18184,2871,322,31539,406,791Form
4Andersen DerekChief Financial Officer8202025Sell7.1760,966437,43122,554,268Form

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