Filing Flows › Snap (SNAP) › Q2 2025
Snap (SNAP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Snap (SNAP) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +9% from a year earlier and -1% from the quarter before. Operating margin was -19.3%, net loss $263M (19.5% of revenue).
Snap, Q2 2025: revenue $1.3B (+9% year over year), operating margin -19.3%, net loss $263M, operating cash flow $88.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -1% | +9% |
| Operating profit | −$260M | — | — |
| Net earnings | −$263M | — | — |
| Operating cash flow | $88.5M | -42% | — |
| Free cash flow | $23.8M | -79% | — |
What changed
Revenue was $1.3B in Q2 2025, up 9% year over year and down 1% from the previous quarter. Advertising Revenue was the largest line at 87% of revenue. Other Revenue added $0.07B year over year (up 64%), 62% of the total change.
Operating costs exceeded revenue by $0.26B, an operating margin of -19.3%. Total costs grew 8% against revenue growth of 9%. The fastest-growing cost line was Cost of revenue (+11%). The quarter ended with a net loss of $0.26B, wider than the previous quarter's $0.14B loss.
Operating cash flow was $0.09B. Non-cash charges added back $0.04B of depreciation and amortization and $0.25B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.06B left free cash flow of $0.02B.
Questions
What was Snap's revenue in the second quarter 2025?
Snap (SNAP) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +9% from a year earlier and -1% from the quarter before.
Was Snap profitable in the second quarter 2025?
Operating loss was $260M (-19.3% of revenue) and net loss $263M.
Source: Snap 10-Q on SEC EDGAR.