Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate. The company contributes to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.

Company profile
Ticker
SNAP
Exchange
Website
CEO
Evan Thomas Spiegel
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Alphabet • Meta Platforms • Rackspace Technology • IHS Markit • Sabre • IAC InterActiveCorp. • Baidu • Bumble • Twitter • Match ...
Former names
Snapchat Inc
SEC CIK
Corporate docs
Subsidiaries
Snap LLC • Snap Group Limited • Snap International I Limited • Snap International II Limited • Snap Intermediate Inc. • Snap Group SAS • Snap Aus Pty Ltd • Snap ULC Canada • Snap Camera GmbH ...
SNAP stock data
News

Why Pinterest Shares Are Falling After Hours
23 May 22
Why Meta Platforms Shares Are Trading Lower After Hours
23 May 22
Why Snap Shares Are Plunging After Hours
23 May 22
Top 15 Trending Stocks On WallStreetBets As Of Monday May 23, 2022 (Via Swaggy Stocks)
23 May 22
Teens, Your Parents Could Soon Have An Option To Track Your Activity On Snapchat
20 May 22
Press releases
Snap Inc. to Participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 23
17 May 22
Leaders: SNAP, NEXCF, SOFI, TSLA; Visionary CEOs Advancing Next Wave of Billion Dollar Market Opportunities in AR, Robotaxi's, Metaverse and Fintech
17 May 22
Thinking about buying stock in Vallon Pharmaceuticals, Snap, Sundial Growers, Bitnile, or Cyngn?
22 Apr 22
Snap Inc. and Tinuiti announce strategic partnership for 2022
22 Apr 22
Snap Inc. Announces First Quarter 2022 Financial Results
21 Apr 22
Analyst ratings and price targets
Current price
Average target
$47.13
Low target
$34.00
High target
$77.00
Stifel
Maintains
$45.00
Morgan Stanley
Maintains
$55.00
Canaccord Genuity
Maintains
$40.00
Wells Fargo
Maintains
$48.00
JP Morgan
Maintains
$47.00
Susquehanna
Maintains
$34.00
Benchmark
Maintains
$40.00
JMP Securities
Maintains
$50.00
Credit Suisse
Maintains
$77.00
RBC Capital
Maintains
$35.00
Barclays
Maintains
$42.00
Piper Sandler
Maintains
$50.00
Citigroup
Upgraded
$50.00
Rosenblatt
Initiated
$49.00
Deutsche Bank
Initiated
$45.00
Investment data
Securities sold
Number of investors
Calendar
21 Apr 22
24 May 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.41B | 2.41B | 2.41B | 2.41B | 2.41B | 2.41B |
Cash burn (monthly) | (no burn) | (no burn) | 117.04M | 57.41M | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 207.75M | 101.9M | n/a | n/a |
Cash remaining | n/a | n/a | 2.21B | 2.31B | n/a | n/a |
Runway (months of cash) | n/a | n/a | 18.8 | 40.3 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 May 22 | Hunter Jerry James | Class A Common Stock | Sell | Dispose S | Yes | Yes | 24.0843 | 41,961 | 1.01M | 707,918 |
18 May 22 | Gorman Jeremi | Class A Common Stock | Sell | Dispose S | No | Yes | 24 | 8,150 | 195.6K | 1,486,918 |
16 May 22 | O'Sullivan Michael J. | Class A Common Stock | Other | Acquire J | Yes | No | 0 | 36,226 | 0 | 374,516 |
16 May 22 | O'Sullivan Michael J. | Class A Common Stock | Other | Dispose J | No | No | 0 | 36,226 | 0 | 738,104 |
16 May 22 | O'Sullivan Michael J. | Class A Common Stock | Sell | Dispose S | No | No | 23.8342 | 43,701 | 1.04M | 774,330 |
16 May 22 | Hunter Jerry James | Class A Common Stock | Other | Acquire J | Yes | No | 0 | 83,921 | 0 | 749,879 |
16 May 22 | Hunter Jerry James | Class A Common Stock | Other | Dispose J | No | No | 0 | 83,921 | 0 | 1,295,594 |
16 May 22 | Hunter Jerry James | Class A Common Stock | Sell | Dispose S | No | No | 23.8326 | 63,913 | 1.52M | 1,379,515 |
16 May 22 | Gorman Jeremi | Class A Common Stock | Sell | Dispose S | No | No | 23.8339 | 36,447 | 868.67K | 1,495,068 |
16 May 22 | Andersen Derek | Class A Common Stock | Sell | Dispose S | No | No | 23.8316 | 17,908 | 426.78K | 1,145,223 |
Institutional ownership, Q1 2022
66.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 697 |
Opened positions | 103 |
Closed positions | 156 |
Increased positions | 284 |
Reduced positions | 193 |
13F shares | Current |
---|---|
Total value | 31.87B |
Total shares | 921.84M |
Total puts | 85.33M |
Total calls | 60.28M |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
TROW T. Rowe Price | 120.69M | $4.34B |
Edgewood Management | 79.85M | $2.87B |
Vanguard | 66.34M | $2.39B |
FMR | 65.85M | $2.37B |
BLK Blackrock | 53.15M | $1.91B |
Benchmark Capital Partners VII | 42M | $231.42M |
Jennison Associates | 34.23M | $1.23B |
MS Morgan Stanley | 32.26M | $1.16B |
JHG Janus Henderson | 29.31M | $1.05B |
JPM JPMorgan Chase & Co. | 27.5M | $989.69M |
Financial report summary
?Competition
Apple • Sito Mobile • Cyber Apps World • Meta Platforms • Toga • Twitter • Pinterest • LineRisks
- Risks Related to Our Business and Industry
- Our ecosystem of users, advertisers, and partners depends on the engagement of our user base. We have seen the growth rate of our user base decline in the past and it may do so again in the future. If we fail to retain current users or add new users, or if our users engage less with Snapchat, our business would be seriously harmed.
- Snapchat depends on effectively operating with mobile operating systems, hardware, networks, regulations, and standards that we do not control. Changes in our products or to those operating systems, hardware, networks, regulations, or standards may seriously harm our user retention, growth, and engagement.
- We generate substantially all of our revenue from advertising. The failure to attract new advertisers, the loss of advertisers, or a reduction in how much they spend could seriously harm our business.
- Our two co-founders have control over all stockholder decisions because they control a substantial majority of our voting stock.
- Health epidemics, including the COVID-19 pandemic, have had, and could in the future have, an adverse impact on our business, operations, and the markets and communities in which we and our partners, advertisers, and users operate.
- Exposure to geo-political conflicts and events, including Russia’s invasion of Ukraine, could put our employees and partners at substantial risk, interrupt our operations, increase costs, create additional regulatory burdens, and have significant negative macro-economic effects, any of which could seriously harm our business.
- If we do not develop successful new products or improve existing ones, our business will suffer. We may also invest in new lines of business that could fail to attract or retain users or generate revenue.
- Our business is highly competitive. We face significant competition that we anticipate will continue to intensify. If we are not able to maintain or improve our market share, our business could suffer.
- The loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel in the future, could seriously harm our business.
- We have a continually evolving business model, which makes it difficult to evaluate our prospects and future financial results and increases the risk that we will not be successful.
- Our user metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business.
- Mobile malware, viruses, hacking and phishing attacks, spamming, and improper or illegal use of Snapchat could seriously harm our business and reputation.
- If we are unable to continue to successfully grow our user base and further monetize our products, our business will suffer.
- We cannot assure you that we will effectively manage our growth.
- Our business depends on our ability to maintain and scale our technology infrastructure. Any significant disruption to our service could damage our reputation, result in a potential loss of users and decrease in user engagement, and seriously harm our business.
- Our business emphasizes rapid innovation and prioritizes long-term user engagement over short-term financial condition or results of operations. That strategy may yield results that sometimes don’t align with the market’s expectations. If that happens, our stock price may be negatively affected.
- If we are unable to protect our intellectual property, the value of our brand and other intangible assets may be diminished, and our business may be seriously harmed. If we need to license or acquire new intellectual property, we may incur substantial costs.
- If our users do not continue to contribute content or their contributions are not perceived as valuable to other users, we may experience a decline in user growth, retention, and engagement on Snapchat, which could result in the loss of advertisers and revenue.
- Foreign government initiatives and restrictions could seriously harm our business.
- Our users may increasingly engage directly with our partners and advertisers instead of through Snapchat, which may negatively affect our revenue and seriously harm our business.
- If events occur that damage our brand or reputation, our business may be seriously harmed.
- Expanding and operating in international markets requires significant resources and management attention. If we are not successful in expanding and operating our business in international markets, we may incur significant costs, damage our brand, or need to lay off team members in those markets, any of which may seriously harm our business.
- Our products are highly technical and may contain undetected software bugs or hardware errors, which could manifest in ways that could seriously harm our reputation and our business.
- We have been, are currently, and may in the future be subject to regulatory inquiries, investigations, and proceedings in the future, which could cause us to incur substantial costs or require us to change our business practices in a way that could seriously harm our business.
- We are currently, and expect to be in the future, party to patent lawsuits and other intellectual property claims that are expensive and time-consuming. If resolved adversely, these lawsuits and claims could seriously harm our business.
- From time to time, we are involved in class-action lawsuits and other litigation matters that are expensive and time-consuming and could seriously harm our business.
- We may face lawsuits, incur liability, or need to seek licenses based on information posted to our products.
- We plan to continue expanding our international operations where we have limited operating experience and may be subject to increased business and economic risks that could seriously harm our business.
- Exposure to United Kingdom political developments, including the effect of its withdrawal from the European Union, could be costly and difficult to comply with and could harm our business.
- We plan to continue to make acquisitions and strategic investments in other companies, which could require significant management attention, disrupt our business, dilute our stockholders, and seriously harm our business.
- If our goodwill or intangible assets become impaired, we may be required to record a significant charge to earnings, which could seriously harm our business.
- We have spent and may continue to spend substantial funds in connection with the tax liabilities on the settlement of equity awards. The manner in which we fund these tax liabilities may cause us to spend substantial funds or dilute stockholders, either of which may have an adverse effect on our financial condition.
- There are numerous risks associated with our internal and contract manufacturing of our physical products and components. If we encounter problems with either our internal or contract manufacturing, we may not deliver our products within specifications or on time, which may seriously harm our business.
- We have faced inventory risk with respect to our physical products.
- We have a remote or hybrid work environment, and intend to continue such an environment into the future, which may increase our costs and negatively impact our operations.
- Risks Related to Credit and Financing
- We have offered and may continue to offer credit to our partners to stay competitive, and as a result we may be exposed to credit risk of some of our partners, which may seriously harm our business.
- Operating our business requires a significant amount of cash, and we may not have sufficient cash flow from our business to pay the Convertible Notes, and any other debt when due, which may seriously harm our business.
- If we default on our credit obligations, our operations may be interrupted and our business could be seriously harmed.
- We cannot be certain that additional financing will be available on reasonable terms when needed, or at all, which could seriously harm our business.
- We may have exposure to greater-than-anticipated tax liabilities, which could seriously harm our business.
- Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited, each of which could seriously harm our business.
- Risks Related to Ownership of Our Class A Common Stock
- Holders of Class A common stock have no voting rights. As a result, holders of Class A common stock will not have any ability to influence stockholder decisions.
- We cannot predict the impact our capital structure and the concentrated control by our founders may have on our stock price or our business.
- Because our Class A common stock is non-voting, we and our stockholders are exempt from certain provisions of U.S. securities laws. This may limit the information available to holders of our Class A common stock.
- Conversions or exchanges of the Convertible Notes may dilute the ownership interest of our stockholders or may otherwise affect the market price of our Class A common stock.
- We may still incur substantially more debt or take other actions that would diminish our ability to make payments on the Convertible Notes when due. Our ability to repay our debt depends on our future performance, which is subject to economic, financial, competitive, and other factors beyond our control.
- The conditional conversion feature of the Convertible Notes, if triggered, may adversely affect our financial condition and operating results.
- We entered into certain hedging positions that may affect the value of the Convertible Notes and the volatility and value of our Class A common stock.
- Delaware law and provisions in our certificate of incorporation and bylaws, as well as our Indentures, could make a merger, tender offer, or proxy contest difficult or more expensive, thereby depressing the trading price of our Class A common stock.
- Future sales of shares by existing stockholders could cause our stock price to decline.
- If securities or industry analysts either do not publish research about us, or publish inaccurate or unfavorable research about us, our business, or our market, or if they change their recommendations regarding our common stock adversely, the trading price or trading volume of our Class A common stock could decline.
- We do not intend to pay cash dividends for the foreseeable future.
- If we are unable to maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports, and the market price of our Class A common stock may be seriously harmed.
- The requirements of being a public company may strain our resources, result in more litigation, and divert management’s attention.
- Our certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the United States of America will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore V good
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New words:
aid, alleviate, Alphabet, amplified, arbitrate, arbitration, arguing, armed, ATT, Belarusian, BIPA, Colorado, Commonwealth, condensed, CPRA, cybersecurity, destruction, disinformation, eleven, environmental, evidence, exfiltration, exploitable, extortion, false, illicit, indemnity, inflation, inflationary, invasion, Meta, path, pause, ransomware, relief, relocate, remediate, retaliatory, Russian, safely, shift, skilled, stringent, suspension, Ukraine, Ukrainian, unprecedented, unwilling, Virginia
Removed:
ago, arose, cancellation, centralized, committed, consuming, delayed, disease, escrow, estimable, exit, FTC, funding, implicit, interaction, loan, macroeconomic, manufacture, move, moved, origination, permit, postponement, reached, reducing, represented, resolution, revise, school, settling, sublease, twelve, violation
Financial reports
Current reports
8-K
Regulation FD Disclosure
23 May 22
8-K
Entry into a Material Definitive Agreement
9 May 22
8-K
Snap Inc. Announces First Quarter 2022 Financial Results
21 Apr 22
8-K
Entry into a Material Definitive Agreement
11 Feb 22
8-K
Snap Inc. Announces Fourth Quarter and Full Year 2021 Financial Results
3 Feb 22
8-K
Snap Inc. Announces Third Quarter 2021 Financial Results
21 Oct 21
8-K
Departure of Directors or Certain Officers
27 Sep 21
8-K
Unregistered Sales of Equity Securities
1 Sep 21
8-K
Snap Inc. Announces Second Quarter 2021 Financial Results
22 Jul 21
8-K
Notice of 2021 Annual Meeting of Stockholders
30 Jun 21
Registration and prospectus
S-8
Registration of securities for employees
4 Feb 22
424B7
Prospectus with selling stockholder info
3 Jun 21
S-3ASR
Automatic shelf registration
5 Feb 21
S-8
Registration of securities for employees
5 Feb 21
S-8
Registration of securities for employees
4 Feb 20
S-8
Registration of securities for employees
6 Feb 19
S-3ASR
Automatic shelf registration
1 May 18
S-8
Registration of securities for employees
1 May 18
S-8
Registration of securities for employees
10 Aug 17
S-8
Registration of securities for employees
6 Mar 17
Proxies
No filings
Other
SD
Conflict minerals disclosure
26 May 21
SD
Conflict minerals disclosure
26 May 20
SD
Conflict minerals disclosure
31 May 19
CT ORDER
Confidential treatment order
28 Feb 19
SD
Conflict minerals disclosure
31 May 18
CT ORDER
Confidential treatment order
21 May 18
CT ORDER
Confidential treatment order
19 Mar 18
CT ORDER
Confidential treatment order
15 Nov 17
CT ORDER
Confidential treatment order
1 Mar 17
EFFECT
Notice of effectiveness
28 Feb 17
Ownership
4
Snap / Jerry James Hunter ownership change
18 May 22
4
Snap / Jeremi Gorman ownership change
18 May 22
4
Snap / Derek Andersen ownership change
18 May 22
4
Snap / Michael J. O'Sullivan ownership change
18 May 22
4
Snap / Rebecca Morrow ownership change
13 May 22
4
Snap / Michael J. O'Sullivan ownership change
13 May 22
4
Snap / Jeremi Gorman ownership change
13 May 22
4
Snap / Jerry James Hunter ownership change
13 May 22
4
Snap / Derek Andersen ownership change
13 May 22
4
Snap / Michael J. O'Sullivan ownership change
3 May 22
Patents
Utility
Content Suggestion System
16 Oct 19
A content suggestion system to generate and cause display of a set of chat suggestions based on messages received at a client device.
Utility
Media Item Attachment System
16 Oct 19
Disclosed are media attachment systems to enable a user to embed a first media item with a link to a second media item, and distribute the first media item in a message to one or more recipient client devices.
Design
Eyeglasses
14 Oct 19
Inventors: Evan Spiegel, Qiaokun Huang, Lauryn Morris, Kristina Marrero
Utility
Audio responsive augmented reality
14 Oct 19
Systems, devices, media, and methods are presented for generating responsive augmented reality elements in a graphical user interface.
Utility
Modifying multiple objects within a video stream
14 Oct 19
Systems, devices, media, and methods are presented for presentation of modified objects within a video stream.
Transcripts
2022 Q1
Earnings call transcript
22 Apr 22
2021 Q4
Earnings call transcript
4 Feb 22
2021 Q3
Earnings call transcript
22 Oct 21
2021 Q2
Earnings call transcript
23 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
20 Oct 20
2020 Q2
Earnings call transcript
21 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
2019 Q4
Earnings call transcript
4 Feb 20
Reddit threads
I scraped r/SPACs for the top ticker mentions in the last 24H. Here are the results (Tuesday May 24, 2022)
24 May 22
Daily Discussion - Tuesday May 24 2022
24 May 22
SNAP put volume today for expiration this Friday
23 May 22
Can you relate??
23 May 22
was this one of you animals?
23 May 22
Keep SNAP memes flowing
23 May 22
Did Barchart UO Activity Cover $SNAP Insider Trades Today?
23 May 22
ohhhh SNAP! (Not my meme so can't take credit)
23 May 22
5-23-22 SPY Daily TA (bonus FOMC minutes reaction Ta at the end)
23 May 22
Dear diary
23 May 22