SNAP Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), SNAP reported revenue of $1.7B, gross profit of $1.0B (59.1% gross margin), operating income of $50M, and net income of $45M (2.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SNAP was profitable; revenue grew 13.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +13.9% | +143.7% | +9.5 pp |
Consensus estimate data is not available for this report.
SNAP Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100% |
| Cost of Revenue | −$702M | 40.9% |
| Gross Profit | $1.0B | 59.1% |
| Research & Development | −$473M | 27.5% |
| Selling, General & Administrative | −$492M | 28.6% |
| Operating Income | $50M | 2.9% |
| Interest Expense | −$36M | 2.1% |
| Other Income, net | $25M | 1.4% |
| Income Tax Expense | $7M | 0.4% |
| Net Income | $45M | 2.6% |
Source: original SEC filing (filed 2026-02-04). Accession 0001564408-26-000011. Data normalized by EarningsFyi.