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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
-3.3% YoYReported for FY 2025
Liabilities
-1.6% YoYReported for FY 2025
Equity
-6.9% YoYReported for FY 2025
Equity mix
-1.2 ppEquity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 3, 2026. The filing-backed figures above are the current source of truth.
Over the five-year period, Snap’s balance sheet remained relatively stable in size, with total assets hovering in a narrow range around $7.5 billion to $8.0 billion. Assets rose from $7.54 billion in 2021 to a peak of about $8.03 billion in 2022, then drifted slightly lower to $7.68 billion by 2025. This suggests the company has not been aggressively expanding its asset base, but rather managing it conservatively and keeping overall scale fairly consistent. The more notable movement was on the liability side. Total liabilities jumped sharply from $3.75 billion in 2021 to $5.45 billion in 2022, and then stayed elevated around $5.4 billion to $5.6 billion through 2025. Stockholders’ equity moved in the opposite direction: it fell from $3.79 billion in 2021 to $2.58 billion in 2022, then remained in the mid-$2.4 billion range, ending at $2.28 billion in 2025. In practical terms, the company shifted toward a more leveraged balance-sheet structure after 2021, with liabilities taking a larger share of financing and equity declining, though equity still remained positive. In the context of the digital advertising and social media industry, this pattern is not unusual for a growth-oriented platform navigating investment spending, operating volatility, and tighter capital discipline.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.