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Quarterly report 2025-Q3
added 04-18-2026

Snap Balance Sheet 2021-2011 | SNAP

Brief overview of Snap 's balance sheet structure

The review uses the five latest available annual reports between 2021 and 2025.

The asset base was stable: the change from $7.5 billion to $7.7 billion does not indicate a material increase in scale.

Liabilities grew faster than assets: +44% versus +1.9%. A substantial part of expansion was externally funded.

Equity finances 29.7% of the balance sheet, compared with 50.3% at the start. The cushion remains adequate.

The accumulated result is -$13.9 billion and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.

Balance sheet takeaway

Taken together, Snap 's balance sheet indicators point to elevated risk. Asset growth does not offset weak funding sources.

Annual Balance Sheet Snap

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

312 M 1.17 B 414 M -370 M -318 M -150 M -627 M - - - -

Long Term Debt

2.25 B 1.68 B 892 M - - - - - - - -

Long Term Debt Current

52.4 M 41.1 M 42.2 M - - - - - - - -

Total Non Current Liabilities

- 2.03 B 1.25 B 110 M 83 M 47.1 M 18.5 M - - - -

Total Current Liabilities

852 M 667 M 500 M 293 M 346 M - - - - - -

Total Liabilities

3.75 B 2.69 B 1.75 B 403 M 429 M 399 M 175 M - - - -

Deferred Revenue

- - 20.1 M - - - - - - - -

Retained Earnings

-8.28 B -7.89 B -6.95 B -5.91 B -4.66 B -2.93 B -693 M - - - -

Total Assets

7.54 B 5.02 B 4.01 B 2.71 B 3.42 B 1.72 B 939 M - - - -

Cash and Cash Equivalents

1.99 B 546 M 520 M 387 M 334 M 163 M - - - - -

Book Value

3.79 B 2.33 B 2.26 B 2.31 B 2.99 B 1.32 B 764 M - - - -

Total Shareholders Equity

3.79 B 2.33 B 2.26 B 2.31 B 2.99 B 1.52 B - - - - -

All numbers in USD currency

Quarterly Balance Sheet Snap

2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

3.49 B 3.58 B 3.58 B 3.64 B 3.64 B 3.3 B - - - - - 3.74 B 3.74 B 2.25 B 2.25 B 2.55 B 2.25 B 1.68 B 1.68 B 1.68 B 1.68 B 892 M 892 M 892 M 892 M - - - - 16 M - - - 15.1 M - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

5.35 B 5.33 B 5.28 B 5.38 B 5.35 B 5.04 B 5.23 B 5.16 B 5.31 B - 5.38 B 5.35 B 5.38 B 3.75 B 3.67 B 3.91 B 3.75 B 2.69 B 2.62 B 2.69 B 1.77 B 1.75 B 1.75 B 1.75 B 1.75 B 403 M 403 M 403 M 403 M 429 M 429 M 429 M 429 M 204 M 204 M 204 M 204 M - - - - - - - - - - - - - - - - - - - -

Deferred Revenue

- - - - - - - - - - - - - 44.5 M - - - 27.8 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-13.7 B -13.6 B -13.1 B -12.7 B -12.6 B -12.3 B -11.3 B -10.9 B -10.5 B - -9.43 B -9.07 B -8.64 B -8.28 B -8.31 B -8.24 B -8.28 B -7.89 B -7.78 B -7.89 B -7.25 B -6.95 B -6.95 B -6.95 B -6.95 B -5.91 B -5.91 B -5.91 B -5.91 B -4.66 B -4.66 B -4.66 B -4.66 B -1.21 B -1.21 B -1.21 B -1.21 B - - - - - - - - - - - - - - - - - - - -

Total Assets

7.58 B 7.4 B 7.59 B 7.59 B 7.42 B 7.17 B 7.72 B 7.67 B 7.89 B - 8.29 B 8.79 B 8.94 B 7.54 B 7.11 B 6.82 B 7.54 B 5.02 B 4.82 B 5.02 B 3.9 B 4.01 B 4.01 B 4.01 B 4.01 B 2.71 B 2.71 B 2.71 B 2.71 B 3.42 B 3.42 B 3.42 B 3.42 B 1.72 B 1.72 B 1.72 B 1.72 B - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

- - - - - - - - - - - 2.3 B 2.41 B 1.99 B 1.97 B 2.05 B 1.99 B 546 M 546 M 546 M 546 M 520 M 520 M 520 M 520 M 387 M 387 M 387 M 387 M 334 M 334 M 334 M 334 M 150 M 150 M 150 M 150 M 641 M - - - 398 M - - - - - - - - - - - - - - -

Book Value

2.23 B 2.07 B 2.31 B 2.21 B 2.07 B 2.13 B 2.49 B 2.5 B 2.58 B - 2.9 B 3.44 B 3.56 B 3.79 B 3.44 B 2.91 B 3.79 B 2.33 B 2.2 B 2.33 B 2.12 B 2.26 B 2.26 B 2.26 B 2.26 B 2.31 B 2.31 B 2.31 B 2.31 B 2.99 B 2.99 B 2.99 B 2.99 B 1.52 B 1.52 B 1.52 B 1.52 B - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

2.23 B 2.07 B 2.31 B 2.21 B 2.07 B 2.13 B 2.49 B 2.5 B 2.58 B - 2.9 B 3.44 B 3.56 B 3.79 B 3.44 B 2.91 B 1.71 B 2.33 B 2.2 B 2.19 B 2.12 B 2.26 B 2.32 B 2.12 B 2.17 B 2.31 B 2.31 B 2.31 B 2.31 B 2.99 B 2.99 B 2.99 B 2.99 B 1.52 B 1.52 B 1.52 B 1.52 B 764 M - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Snap , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Social internet

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Despegar.com, Corp. Despegar.com, Corp.
DESP
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JOYY JOYY
YY
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IAC/InterActiveCorp IAC/InterActiveCorp
IAC
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B2B-РТС B2B-РТС
BTBR
- - - russiaRussia
Светофор Групп Светофор Групп
SVET
- - - russiaRussia
Grubhub Inc. Grubhub Inc.
GRUB
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Carnival Corporation & plc Carnival Corporation & plc
CCL
$ 24.76 0.18 % $ 32.5 B usaUSA
BlueCity Holdings Limited BlueCity Holdings Limited
BLCT
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HeadHunter Group PLC HeadHunter Group PLC
HHRU
- - - russiaRussia
Baidu Baidu
BIDU
$ 97.12 0.19 % $ 34.6 B chinaChina
VK VK
VKCO
- - - russiaRussia
Cardlytics Cardlytics
CDLX
$ 4.02 0.25 % $ 214 M usaUSA
DoorDash DoorDash
DASH
$ 236.74 2.09 % $ 101 B usaUSA
Sogou Inc. Sogou Inc.
SOGO
- 0.11 % $ 3.45 B usaUSA
Yandex N.V. Yandex N.V.
YNDX
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AutoWeb AutoWeb
AUTO
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Leaf Group Ltd. Leaf Group Ltd.
LEAF
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Monaker Group, Inc. Monaker Group, Inc.
MKGI
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Qutoutiao Qutoutiao
QTT
- -38.43 % $ 6.99 M chinaChina
SINA Corporation SINA Corporation
SINA
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iQIYI iQIYI
IQ
$ 0.92 0.05 % $ 892 M chinaChina
MediaAlpha MediaAlpha
MAX
$ 12.85 2.23 % $ 723 M usaUSA
Momo Momo
MOMO
$ 5.72 0.18 % $ 1.9 B chinaChina
Liberty TripAdvisor Holdings Liberty TripAdvisor Holdings
LTRPA
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Phoenix New Media Limited Phoenix New Media Limited
FENG
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Spark Networks SE Spark Networks SE
LOV
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EverQuote EverQuote
EVER
$ 25.66 3.38 % $ 927 M usaUSA
Points International Ltd. Points International Ltd.
PCOM
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Youdao Youdao
DAO
$ 16.65 1.28 % $ 1.97 B -
Moxian Moxian
MOXC
- -1.96 % $ 34.2 M chinaChina
NetEase NetEase
NTES
$ 122.76 0.06 % $ 391 B chinaChina
Fiverr International Ltd. Fiverr International Ltd.
FVRR
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Pinterest Pinterest
PINS
$ 23.19 1.4 % $ 15.6 B usaUSA
Remark Holdings Remark Holdings
MARK
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ANGI Homeservices ANGI Homeservices
ANGI
$ 5.04 7.92 % $ 231 M usaUSA
36Kr Holdings 36Kr Holdings
KRKR
$ 3.09 1.48 % $ 3.27 B chinaChina
Lindblad Expeditions Holdings Lindblad Expeditions Holdings
LIND
$ 29.59 0.37 % $ 1.63 B usaUSA
Twitter Twitter
TWTR
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Alphabet Alphabet
GOOG
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Autohome Autohome
ATHM
$ 22.83 1.24 % $ 10.7 B -
Royal Caribbean Group Royal Caribbean Group
RCL
$ 279.41 0.27 % $ 75.7 B usaUSA
DouYu International Holdings Limited DouYu International Holdings Limited
DOYU
$ 4.28 0.47 % $ 129 M chinaChina
Gaia Gaia
GAIA
$ 1.55 1.26 % $ 38.5 M usaUSA
Cango Cango
CANG
$ 2.23 8.82 % $ 632 M -
Luokung Technology Corp. Luokung Technology Corp.
LKCO
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Sohu.com Limited Sohu.com Limited
SOHU
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Spotify Technology S.A. Spotify Technology S.A.
SPOT
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Trip.com Group Limited Trip.com Group Limited
TCOM
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Zillow Group Zillow Group
Z
$ 35.66 0.65 % $ 8.63 B usaUSA