Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.6B | $4.6B | $5.4B | $5.9B |
| YoY | — | +11.8% | +0.1% | +16.4% | +10.6% |
| Cost of goods sold | $1.8B | $1.8B | $2.1B | $2.5B | $2.7B |
| YoY | — | +3.7% | +16.5% | +17.0% | +7.9% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $1.6B | $2.1B | $1.9B | $1.7B | $1.8B |
| YoY | — | +34.8% | -9.4% | -11.5% | +6.0% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $-702.1M | $-1.4B | $-1.4B | $-787.3M | $-532.2M |
| YoY | — | -98.7% | -0.2% | +43.7% | +32.4% |
| Pretax income | $-474.4M | $-1.4B | $-1.3B | $-672.2M | $-451.1M |
| YoY | — | -195.3% | +7.6% | +48.1% | +32.9% |
| Income tax | $13.6M | $29.0M | $28.1M | $25.6M | $9.4M |
| YoY | — | +113.2% | -3.1% | -8.9% | -63.3% |
| Net income | $-488.0M | $-1.4B | $-1.3B | $-697.9M | $-460.5M |
| YoY | — | -193.0% | +7.5% | +47.2% | +34.0% |
| EPS — basic | $-0.31 | $-0.89 | $-0.82 | $-0.42 | $-0.27 |
| YoY | — | -187.1% | +7.9% | +48.8% | +35.7% |
| EPS — diluted | $-0.31 | $-0.89 | $-0.82 | $-0.42 | $-0.27 |
| YoY | — | -187.1% | +7.9% | +48.8% | +35.7% |
| Weighted shares — basic | 1.56B | 1.61B | 1.61B | 1.66B | 1.69B |
| Weighted shares — diluted | 1.56B | 1.61B | 1.61B | 1.66B | 1.69B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $2.0B | $1.4B | $1.8B | $1.0B | $1.0B |
| YoY | — | -28.6% | +25.1% | -41.2% | -1.5% |
| Marketable securities (current) | $1.7B | $2.5B | $1.8B | $2.3B | $1.9B |
| YoY | — | +48.1% | -29.9% | +32.1% | -18.0% |
| Accounts receivable | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B |
| YoY | — | +10.7% | +8.0% | +5.5% | +1.8% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $4.9B | $5.3B | $5.0B | $4.9B | $4.6B |
| YoY | — | +8.3% | -5.3% | -1.4% | -6.6% |
| Total assets | $7.5B | $8.0B | $8.0B | $7.9B | $7.7B |
| YoY | — | +6.5% | -0.8% | -0.4% | -3.3% |
| Total current liabilities | $851.8M | $1.2B | $1.1B | $1.2B | $1.3B |
| YoY | — | +42.7% | -6.7% | +9.6% | +3.5% |
| Total liabilities | $3.7B | $5.4B | $5.6B | $5.5B | $5.4B |
| YoY | — | +45.5% | +1.9% | -1.2% | -1.6% |
| Total equity | $3.8B | $2.6B | $2.4B | $2.5B | $2.3B |
| YoY | — | -31.9% | -6.5% | +1.5% | -6.9% |
| Shares outstanding | 1.62B | 1.63B | 1.69B | 1.74B | 1.76B |
| YoY | — | +0.4% | +4.3% | +2.5% | +1.1% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $292.9M | $184.6M | $246.5M | $413.5M | $656.2M |
| YoY | — | -37.0% | +33.5% | +67.7% | +58.7% |
| Capital expenditures | $69.9M | $129.3M | $211.7M | $194.8M | $219.0M |
| YoY | — | +85.0% | +63.7% | -8.0% | +12.4% |
| Free cash flow | $223.0M | $55.3M | $34.8M | $218.7M | $437.2M |
| YoY | — | -75.2% | -37.1% | +528.4% | +99.9% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $1.0B | $189.4M | $311.1M | $750.9M |
| YoY | — | — | -81.1% | +64.3% | +141.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | -17.1% | -30.3% | -30.4% | -14.7% | -9.0% |
| Net margin | -11.9% | -31.1% | -28.7% | -13.0% | -7.8% |
| Free cash flow margin | 5.4% | 1.2% | 0.8% | 4.1% | 7.4% |
| Effective tax rate | -2.9% | -2.1% | -2.2% | -3.8% | -2.1% |
| Current ratio | 5.70x | 4.32x | 4.39x | 3.95x | 3.56x |
| Total liabilities / equity | 0.99x | 2.11x | 2.30x | 2.24x | 2.37x |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| SNAP FY25 · this stock | $5.9B | +10.6% | — | -9.0% | -7.8% | 7.4% |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.