Snap Inc. (NYSE: SNAP) sets $500M stock repurchase program

Rhea-AI Filing Summary

Snap Inc. filed a current report describing two key updates. The company reported its financial results for the three months and full year ended December 31, 2025, sharing details through a press release and an investor letter furnished as exhibits.

Snap’s board of directors also authorized a stock repurchase program for up to $500 million of its Class A common stock. Repurchases may occur over a 12‑month period through open market or privately negotiated transactions, and the program may be initiated, modified, suspended, or terminated at any time.

Insights

Equity capital allocation analyst

Snap adds a flexible $500M buyback alongside year-end results.

Snap Inc.’s board authorized a stock repurchase program of up to $500 million in Class A common stock. Repurchases can be made over a 12‑month period via open market trades, including Rule 10b5‑1 plans, or privately negotiated transactions.

This authorization gives the company the option, but not the obligation, to return capital to shareholders. The board may initiate, modify, suspend, or terminate the program at any time, so actual repurchase volume and timing will depend on future decisions and market conditions.

On the same date, Snap reported financial results for the three months and full year ended December 31, 2025 via a press release and an investor letter. Subsequent disclosures in these materials and later filings will show how financial performance interacts with any use of the repurchase authorization.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________

FORM 8-K

________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 4, 2026

________________________

SNAP INC.

(Exact name of Registrant as Specified in Its Charter)

________________________

Delaware						001-38017			45-5452795
(State or Other Jurisdiction of Incorporation)						(Commission File Number)			(IRS Employer Identification No.)
3000 31st Street
Santa Monica,			California						90405
(Address of Principal Executive Offices)									(Zip Code)

Registrant’s Telephone Number, Including Area Code: (310) 399-3339

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.00001 per share

SNAP

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition.

On February 4, 2026, Snap Inc. reported financial results for the three months and full year ended December 31, 2025. A copy of the press release and the investor letter are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and incorporated by reference.

The press release and investor letter are furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by Snap Inc., whether made before or after today’s date, regardless of any general incorporation language in such filing.

Item 8.01 Other Events.

On February 4, 2026, Snap Inc. announced its board of directors had authorized a stock repurchase program of up to $500 million of its Class A common stock. Repurchases of Class A common stock may be made from time to time, either through open market transactions (including through Rule 10b5-1 trading plans) or through privately negotiated transactions in accordance with applicable securities laws. Repurchases under the program have been authorized for 12 months but the program may be initiated, modified, suspended, or terminated at any time during such period. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number						Description
99.1						Press release dated February 4, 2026.
99.2						Investor Letter dated February 4, 2026.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			SNAP INC.
Date: February 4, 2026			By:			/s/ Derek Andersen
						Derek Andersen
						Chief Financial Officer

2

FAQ

What did Snap Inc. (SNAP) disclose in this 8-K filing?

Snap Inc. disclosed that it reported financial results for the three months and full year ended December 31, 2025, and that its board authorized a new $500 million Class A common stock repurchase program with flexible execution over 12 months.

How large is Snap Inc.’s new stock repurchase program?

The board authorized a stock repurchase program of up to $500 million of Snap’s Class A common stock. This authorization sets the maximum dollar amount the company may use to buy back shares through open market or privately negotiated transactions.

Over what period can Snap Inc. repurchase shares under the new program?

Repurchases under the new program have been authorized for 12 months from the approval date. Within that window, Snap may initiate, modify, suspend, or terminate repurchases at any time, depending on board decisions and applicable securities laws.

What time period do Snap Inc.’s newly reported financial results cover?

Snap Inc. reported financial results for the three months and full year ended December 31, 2025. These results were shared through a press release and an investor letter that are furnished as exhibits, rather than filed, in connection with this report.

How may Snap Inc. execute its $500 million stock repurchase program?

Snap may execute repurchases of Class A common stock through open market transactions, including under Rule 10b5‑1 trading plans, or through privately negotiated transactions. All repurchases must comply with applicable securities laws and can be adjusted or halted by the board.

Which exhibits accompany Snap Inc.’s report on results and the buyback plan?

The report includes a press release dated February 4, 2026 as Exhibit 99.1 and an investor letter dated the same day as Exhibit 99.2. It also includes a Cover Page Interactive Data File as Exhibit 104 embedded within the Inline XBRL document.