Snap Inc. (SNAP)

Smartsheet Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,638	5,361	4,606	4,602	4,117	2,507
Revenue Growth (YoY)	13.18%	16.40%	0.09%	11.77%	64.25%	46.11%
Cost of Revenue	2,602	2,473	2,114	1,795	1,750	1,183
Gross Profit	3,036	2,888	2,492	2,807	2,367	1,324
Selling, General & Admin	1,955	1,953	1,980	1,983	1,503	1,085
Research & Development	1,664	1,653	1,911	2,031	1,565	1,102
Operating Expenses	3,619	3,605	3,890	4,013	3,069	2,186
Operating Income	-583.45	-717.14	-1,398	-1,206	-702.07	-862.07
Interest Expense	-62.7	-21.55	-22.02	-21.46	-17.68	-97.23
Interest & Investment Income	147.32	153.47	168.39	58.6	5.2	18.13
Other Non Operating Income (Expenses)	60.89	-8.23	-8.67	-5.68	-51.87	2.13
EBT Excluding Unusual Items	-437.94	-593.46	-1,261	-1,175	-766.41	-939.05
Merger & Restructuring Charges	-70.16	-70.16	-	-188.95	-	-
Gain (Loss) on Sale of Investments	-8.61	-8.61	-33.74	-36.85	292.04	12.86
Pretax Income	-516.72	-672.23	-1,294	-1,401	-474.37	-926.19
Income Tax Expense	29.59	25.63	28.06	28.96	13.58	18.65
Net Income	-546.3	-697.86	-1,322	-1,430	-487.96	-944.84
Net Income to Common	-546.3	-697.86	-1,322	-1,430	-487.96	-944.84
Shares Outstanding (Basic)	1,679	1,659	1,613	1,608	1,559	1,456
Shares Outstanding (Diluted)	1,679	1,659	1,613	1,608	1,559	1,456
Shares Change (YoY)	2.41%	2.89%	0.26%	3.16%	7.10%	5.83%
EPS (Basic)	-0.33	-0.42	-0.82	-0.89	-0.31	-0.65
EPS (Diluted)	-0.33	-0.42	-0.82	-0.89	-0.31	-0.65
Free Cash Flow	392.38	218.65	34.79	55.31	223.01	-225.48
Free Cash Flow Per Share	0.23	0.13	0.02	0.03	0.14	-0.15
Gross Margin	53.84%	53.87%	54.10%	61.00%	57.49%	52.83%
Operating Margin	-10.35%	-13.38%	-30.36%	-26.21%	-17.05%	-34.39%
Profit Margin	-9.69%	-13.02%	-28.71%	-31.07%	-11.85%	-37.69%
Free Cash Flow Margin	6.96%	4.08%	0.76%	1.20%	5.42%	-9.00%
EBITDA	-430.48	-562.26	-1,250	-1,053	-582.93	-775.33
EBITDA Margin	-7.63%	-10.49%	-27.13%	-22.89%	-14.16%	-30.93%
D&A For EBITDA	152.97	154.87	148.54	152.87	119.14	86.74
EBIT	-583.45	-717.14	-1,398	-1,206	-702.07	-862.07
EBIT Margin	-10.35%	-13.38%	-30.36%	-26.21%	-17.05%	-34.39%

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q