Filing Flows › Snap (SNAP) › Q4 2025
Snap (SNAP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Snap (SNAP) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +14% from the quarter before. Operating margin was 2.9%, net earnings $45.2M (2.6% of revenue).
Snap, Q4 2025: revenue $1.7B (+10% year over year), operating margin 2.9%, net earnings $45.2M, operating cash flow $270M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +14% | +10% |
| Operating profit | $49.7M | — | — |
| Net earnings | $45.2M | — | +397% |
| Operating cash flow | $270M | +84% | +17% |
| Free cash flow | $206M | — | +13% |
What changed
Revenue was $1.7B in Q4 2025, up 10% year over year and up 14% from the previous quarter. Advertising Revenue was the largest line at 86% of revenue.
Operating profit was $0.05B, a 2.9% margin (up 4.6 points year over year). Total costs grew 5% against revenue growth of 10%. The fastest-growing cost line was Research & development (+12%). Net earnings were $0.05B, up 397% year over year. The effective tax rate was -19.1%.
Operating cash flow was $0.27B (up 17% year over year), 596% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.26B of share-based compensation. Working capital and other items used $0.08B. After purchases of property and equipment ($0.06B), free cash flow as the company reports it was $0.21B.
Questions
What was Snap's revenue in the fourth quarter 2025?
Snap (SNAP) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +14% from the quarter before.
Was Snap profitable in the fourth quarter 2025?
Operating profit was $49.7M (2.9% of revenue) and net earnings $45.2M.
Source: Snap 10-K on SEC EDGAR.