Snap Inc. authorizes $500M buyback, reports Q3 and YTD 2025

Snap Inc. filed an 8-K announcing two items: it furnished financial results for the three and nine months ended September 30, 2025, and its board authorized a stock repurchase program of up to $500 million of Class A common stock.

Rhea-AI Filing Summary

Snap Inc. filed an 8-K announcing two items: it furnished financial results for the three and nine months ended September 30, 2025, and its board authorized a stock repurchase program of up to $500 million of Class A common stock.

The repurchase authorization is for 12 months and may be executed through open market transactions (including Rule 10b5-1 trading plans) or privately negotiated deals in accordance with applicable laws. The program may be initiated, modified, suspended, or terminated at any time during the authorized period.

Snap furnished a press release and an investor letter, which are not deemed filed for liability purposes and are incorporated by reference as Exhibits 99.1 and 99.2.

Insights

Equity Capital Markets Analyst

$500M buyback authorized; results furnished, not filed.

Snap’s board authorized a repurchase program of up to $500,000,000 in Class A shares, with flexibility to buy in the open market (including Rule 10b5-1 plans) or via privately negotiated transactions. The authorization spans 12 months.

This action signals board-approved capacity to return capital, but actual impact depends on execution volume and timing under the program. The company also furnished Q3 and nine‑month 2025 results via a press release and investor letter; these materials are not deemed filed under Section 18.

Key items to track in subsequent disclosures include repurchase activity within the 12‑month window and any updates provided in future company communications.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Snap (SNAP) announce in its latest 8-K?

Snap furnished Q3 and nine-month 2025 results and authorized a stock repurchase program of up to $500 million in Class A common stock.

How large is Snap’s new stock repurchase program?

The board authorized repurchases of up to $500 million of Class A common stock.

How long is Snap’s buyback authorization effective?

Repurchases have been authorized for 12 months, and the program may be initiated, modified, suspended, or terminated at any time during that period.

How may Snap conduct the share repurchases?

Repurchases may occur via open market transactions (including Rule 10b5-1 trading plans) or privately negotiated transactions, in accordance with applicable laws.

Were Snap’s Q3 2025 results filed or furnished?

They were furnished via a press release and investor letter and are not deemed filed for purposes of Section 18.

Where can I find the materials referenced?

The press release and investor letter are included as Exhibits 99.1 and 99.2 to the report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/05/2025 - 04:12 PM Learn about SEC filing dates

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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): November 5, 2025

________________________

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 November 5, 2025, Snap Inc. reported financial results for the three and nine months ended September 30, 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 November 5, 2025, Snap Inc. announced its board of directors has 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 November 5, 2025.
99.2						Investor Letter dated November 5, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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: November 5, 2025			By:			/s/ Derek Andersen
						Derek Andersen
						Chief Financial Officer

2