Filing Flows › Snap (SNAP) › Q1 2026
Snap (SNAP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Snap (SNAP) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), +12% from a year earlier and -11% from the quarter before. Operating margin was -4.9%, net loss $89.0M (5.8% of revenue).
Snap, Q1 2026: revenue $1.5B (+12% year over year), operating margin -4.9%, net loss $89.0M, operating cash flow $327M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -11% | +12% |
| Operating profit | −$74.4M | -250% | — |
| Net earnings | −$89.0M | -297% | — |
| Operating cash flow | $327M | +21% | +116% |
| Free cash flow | $286M | — | +150% |
What changed
Revenue was $1.5B in Q1 2026, up 12% year over year and down 11% from the previous quarter. Advertising revenue was the largest line at 81% of revenue. Other revenue added $0.13B year over year (up 87%), 80% of the total change.
Operating costs exceeded revenue by $0.07B, an operating margin of -4.9%. Total costs grew 3% against revenue growth of 12%. The fastest-growing cost line was Research & development (+13%). The quarter ended with a net loss of $0.09B, after a profit of $0.05B the previous quarter.
Operating cash flow was $0.33B (up 116% year over year). Non-cash charges added back $0.04B of depreciation and amortization and $0.25B of share-based compensation. Working capital and other items added $0.12B. After purchases of property and equipment ($0.04B), free cash flow as the company reports it was $0.29B.
Questions
What was Snap's revenue in the first quarter 2026?
Snap (SNAP) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), +12% from a year earlier and -11% from the quarter before.
Was Snap profitable in the first quarter 2026?
Operating loss was $74.4M (-4.9% of revenue) and net loss $89.0M.
Source: Snap 10-Q on SEC EDGAR.