SNAP
Snap Inc.
SNAP lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
SNAP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Weak |
SNAP's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is weak.
SNAP PE Valuation
SNAP has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 34x next year's earnings.
SNAP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect SNAP to return to profit, with revenue growing. However, they disagree widely on these estimates.
SNAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.15 | — |
| Q3 2026 | -$0.09 | +$0.20 |
| Q2 2026 | -$0.18 | +$0.14 |
| Q1 2026 | -$0.24 | +$0.07 |
| Q4 2025 | -$0.27 | +$0.15 |
| Q3 2025 | -$0.29 | +$0.28 |
| Q2 2025 | -$0.32 | +$0.39 |
| Q1 2025 | -$0.31 | +$0.49 |
| Q4 2024 | -$0.42 | +$0.40 |
SNAP is still losing money, but far less than before: $0.09 per share over the past year, against $0.89 at its worst in late 2022.
SNAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +14% |
| Q2 2026 | $1.6B | +19% |
| Q1 2026 | $1.5B | +12% |
| Q4 2025 | $1.7B | +10% |
| Q3 2025 | $1.5B | +9.8% |
| Q2 2025 | $1.3B | +8.7% |
| Q1 2025 | $1.4B | +14% |
| Q4 2024 | $1.6B | +14% |
SNAP's revenue has grown year over year for 13 quarters in a row: $1.7B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.5% | +13 points |
| Q2 2026 | -11% | +8.6 points |
| Q1 2026 | -4.9% | +9.4 points |
| Q4 2025 | 2.9% | +4.6 points |
| Q3 2025 | -8.5% | +4.1 points |
| Q2 2025 | -19% | +1.2 points |
| Q1 2025 | -14% | +14 points |
| Q4 2024 | -1.7% | +17 points |
SNAP's operating margin was 4.5% last quarter, up 13 points from the same quarter a year ago, near the top of its range since 2019.
SNAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $164.5M | +76% |
| Q2 2026 | $120.5M | +407% |
| Q1 2026 | $286M | +150% |
| Q4 2025 | $205.6M | +13% |
| Q3 2025 | $93.4M | +30% |
| Q2 2025 | $23.8M | +$97.2M |
| Q1 2025 | $114.4M | +202% |
| Q4 2024 | $182.4M | +65% |
SNAP generated $777M in free cash flow over the past year, up 88% from the year before.
SNAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +36.7M shares |
| 1 year | +0.2% | +3.6M shares |
| 3 years | +4.6% | +74.3M shares |
| 5 years | +7.5% | +119M shares |
| Available history | +24% | +325M shares |
SNAP has 1.7B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $250.5M |
| Q1 2026 | $350.5M |
| Q4 2025 | $250.3M |
| Q3 2025 | — |
| Q2 2025 | $243.5M |
| Q1 2025 | $257.1M |
| Q4 2024 | — |
SNAP spent $851M buying back its own shares over the past year, up 70% from the year before.
SNAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 40.5x | High |
SNAP's net debt is more than 20 years of its operating earnings (EBITDA).
SNAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 21.9 | Neutral |
SNAP's weekly RSI is 46 (neutral) and its Stochastic is 22 (neutral).
SNAP PE vs Communication Services Sector
SNAP has no meaningful PE right now: it lost money over the past year.
SNAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.65 | 7.6% below |
| 20 week MA | $5.32 | 1.9% below |
| 50 week MA | $5.69 | 8.3% below |
| 100 week MA | $7.30 | 28% below |
| 200 week MA | $9.54 | 45% below |
SNAP is in a downtrend: it's below all five of its weekly moving averages, and 45% below its 200-week average.
SNAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.0 | $50.2 | +213% |
| 2021 | $50.2 | $48.7 | -2.9% |
| 2022 | $48.7 | $8.58 | -82% |
| 2023 | $8.58 | $16.9 | +97% |
| 2024 | $16.9 | $11.0 | -35% |
| 2025 | $11.0 | $7.86 | -28% |
| 2026 YTD | $7.86 | $5.22 | -34% |
SNAP's yearly returns have swung widely, from +213% in 2020 to −82% in 2022. It's down 34% so far in 2026.