Filing Flows

Filing Flows › Companies › Snap › Cash flow

Snap cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$164M in Q3 2026 · $777M over twelve months

Operating cash flow$210M
Capital spending−$46.0M
Free cash flow+$164M
Cash / net income3.7×
Cash conversion cycle48 days

Analysis

In Q3 2026, Snap generated $210M of operating cash flow and spent $46.0M on capital projects, leaving free cash flow of $164M. That is $71.0M more than in Q3 2025 ($93.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $983M; the largest uses were buybacks ($851M), capital spending ($207M), acquisitions ($65.0M); besides operations, cash came from other investing ($266M); the cash balance rose by $65.3M.

Operating cash flow was $210M against net income of $56.5M — 3.7× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$255M, payables −$104M, depreciation & amortization +$44.6M.

Its cash conversion cycle was 48 days (receivables 66 + inventory 0 − payables 18).

Free cash flow

Snap: free cash flow by quarterSnap: free cash flow by quarter$182MQ4 2024$114MQ1 2025$23.8MQ2 2025$93.4MQ3 2025$206MQ4 2025$286MQ1 2026$121MQ2 2026$164MQ3 2026
Operating cash flow less capital spending.
Snap: operating cash flow against capital spendingSnap: operating cash flow against capital spendingOperating cash flowCapital spending$231M$48.3MQ4 2024$152M$37.2MQ1 2025$88.5M$64.7MQ2 2025$146M$53.0MQ3 2025$270M$64.0MQ4 2025$327M$40.8MQ1 2026$176M$55.7MQ2 2026$210M$46.0MQ3 2026
Latest (Q3 2026): Operating cash flow $210M, Capital spending $46.0M.

Capital allocation, year by year

Snap: where the cash came from (up) and went (down), by fiscal yearSnap: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $293MFY2021: Net borrowing $1.1BFY2021: Shares issued $14.7MFY2021: Capital spending −$69.9MFY2021: Acquisitions −$311M$1.4BFY2021FY2022: Operating cash flow $185MFY2022: Net borrowing $1.5BFY2022: Shares issued $4.3MFY2022: Capital spending −$129MFY2022: Acquisitions −$67.1MFY2022: Buybacks −$1.0B$1.7BFY2022FY2023: Operating cash flow $247MFY2023: Shares issued $1.0MFY2023: Capital spending −$212MFY2023: Acquisitions −$50.3MFY2023: Buybacks −$189M$248MFY2023FY2024: Operating cash flow $413MFY2024: Net borrowing $740MFY2024: Shares issued $12.8MFY2024: Capital spending −$195MFY2024: Buybacks −$311M$1.2BFY2024FY2025: Operating cash flow $656MFY2025: Net borrowing $2.0BFY2025: Shares issued $374KFY2025: Capital spending −$219MFY2025: Acquisitions −$35.5MFY2025: Buybacks −$751M$2.6BFY2025
Over these 5 years operating cash flow totalled $1.8B; the largest uses were buybacks ($2.3B) and capital spending ($825M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.8B
Debt$3.6B
Net debt$822M

Snap funds itself: free cash flow was $777M over the last twelve months, and $2.8B of cash and investments stands against $3.6B of debt.

Where the cash came from and went

Snap: sources (+) and uses (−) of cash, Q3 2026Snap: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$210MCash drawn (+) / kept (−)−$60.3MOther investing−$55.9MNet borrowing (+) / repaid (−)−$47.0MCapital spending−$46.0MOther financing−$1.2M
Snap: sources (+) and uses (−) of cash, TTM to Q3 2026Snap: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$983MBuybacks−$851MOther investing$266MCapital spending−$207MCash drawn (+) / kept (−)−$65.3MAcquisitions−$65.0MNet borrowing (+) / repaid (−)−$47.0MOther financing−$13.5M

From profit to cash

Snap: net income to operating cash flow, Q3 2026Snap: net income to operating cash flow, Q3 2026Net income$56.5MDepreciation & amortization$44.6MStock-based pay$255MGains on investments$19KOther non-cash$6.8MReceivables−$14.3MPayables−$104MAccrued liabilities−$6.3MPrepaid and other assets−$27.1MOther liabilities$587KOperating cash flow$210M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202666—1848
Q2 202669—2841
Q1 202675—3144
Q4 202570—2446
Q3 202574—1855
Q2 202579—2356
Q1 202583—2756
Q4 202475—2353

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$210M−$46.0M——−$47.0M—−$60.3M$164M
Q2 2026$176M−$55.7M−$25.7M−$250M——$103M$121M
Q1 2026$327M−$40.8M−$39.4M−$350M——−$31.9M$286M
Q4 2025$270M−$64.0M—−$250M—$374K−$75.9M$206M
Q3 2025$146M−$53.0M——$541M—−$26.6M$93.4M
Q2 2025$88.5M−$64.7M−$35.5M−$243M−$36.2M—−$12.9M$23.8M
Q1 2025$152M−$37.2M—−$257M$28.5M—$134M$114M
Q4 2024$231M−$48.3M————−$81.8M$182M

Snap: income statement and cash flow

Snap, Q3 2026: revenue $1.7B (+14% year over year), operating margin 4.5%. The chart follows the revenue to costs, profit and cash.

Snap: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.