Snap Inc. is a Delaware-incorporated technology company headquartered in Santa Monica, California, operating Snapchat, a camera and messaging application, along with Snapchat+, a subscription product. The company generates revenue primarily through digital advertising sold to brands and direct-response advertisers, with Snapchat+ providing an emerging subscription revenue stream. Snap's Class A common stock trades on the New York Stock Exchange under the ticker SNAP.

What is SNAP's DredgeCap risk score?

DredgeCap's AI analysis rates SNAP at 5.5/10 on the risk scale — Moderate risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does SNAP have a going concern warning?

No current auditor going-concern warning is flagged in SNAP's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did SNAP last file with the SEC?

SNAP's most recent SEC filing was a 10-K filed 2026-02-05. All filings are available on SEC EDGAR.

← SNAP Overview

10-QMay 7, 2026· Quarter Ended March 31, 2026

SNAP — 10-Q Filing

Track SNAP for Alerts

SNAP 10-Q Summary

For the quarter ended March 31, 2026, Snap Inc reported revenue of $1.53B, up 12.1% year-over-year. Operating loss came in at $74.4M, 61.6% wider compared to last year's $193.8M loss; net income was $44.7M, up 18.5% year-over-year.

SNAP Financial Highlights

Metric

Q-End 03/26

Q-End 03/25

Revenue

$1.53B

$1.36B

▲+12.1% YoY

Operating Income

-$74.4M

-$193.8M

▲+61.6% YoY

Net Income

$44.7M

$37.7M

▲+18.5% YoY

SNAPWhat's Driving the Change

Stock-based compensation

up 1.1% from $247.3M a year earlier

$250.0M

▲

Depreciation & amortization

up 18.5% from $37.7M a year earlier

$44.7M

▲

Debt extinguishment

down 100.0% from -$66.9M a year earlier

$0.0M

▼

Current DredgeCap Risk Profile

Risk Score

5.5/10

ELEVATED

Dilution

5.0

Debt Toxicity

3.0

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for SNAP. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open SNAP's company page.

What is a 10-Q?

A quarterly report covering the three months just ended. Includes unaudited condensed financial statements (balance sheet, income statement, cash flow), Management Discussion and Analysis (MD&A), and disclosure of material changes since the last annual report. Required for the first three fiscal quarters; the fourth quarter is rolled into the 10-K.

More on SNAP

Financial highlights are sourced directly from the 10-Q income statement (three months ended). YoY % compares to the same quarter one year earlier as reported by the issuer. The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.