Here are the 10-K annual reports from Snap Inc. (SNAP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SNAP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SNAP filings page.
Snap Inc. presents its annual report describing how Snapchat’s camera-driven platform, AR tools, and advertising business operate in a competitive, heavily regulated environment. The company reports 474 million average daily active users in the quarter ended December 31, 2025, and an aggregate market value of non‑affiliate equity of about $11.6 billion as of June 30, 2025.
Advertising produced roughly 87% of 2025 revenue, so changes in privacy laws, mobile operating systems, and macroeconomic conditions are central risks. As of January 31, 2026, Snap had about 1.43 billion Class A, 22.5 million Class B, and 231.6 million Class C shares outstanding, with its two co‑founders controlling over 99% of voting power.
Snap highlights technology, content, and cloud‑infrastructure dependencies, outlines detailed user‑metric definitions for DAU and ARPU, and notes refinements that modestly lifted reported DAUs in early 2025. It also emphasizes human capital, with 5,261 full‑time employees as of December 31, 2025, extensive patent holdings, and ongoing climate and privacy initiatives.