{"schema_version":"secwatch.filing_event.v1","accession":"0001564408-26-000024","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2026-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.476095+00:00","generated_at":"2026-05-14T22:39:03.672476+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Snap Q1 revenue up 12% to $1.53B, net loss narrows to $89M, Adj EBITDA $233M","bullets":["Revenue $1,529M (+12% YoY); Advertising $1.24B (+3%), Other Revenue $285M (+87%).","Net loss $89M (vs $140M loss); Adj EBITDA $233M (+115%); FCF $286M (+150%).","Global DAU 483M (+5% YoY), MAU 956M (+5%); Spotlight time spent +11% YoY.","SMB ad spend in NA grew >30% YoY; large NA advertisers remain a headwind but early signs of improvement.","Q2 outlook discussed on call; FY2026 gross margin target of 60%+ remains on track."],"urls":{"canonical":"https://secwatch.observer/filing/0001564408-26-000024","json":"https://secwatch.observer/filing/0001564408-26-000024.json","markdown":"https://secwatch.observer/filing/0001564408-26-000024.md","text":"https://secwatch.observer/filing/0001564408-26-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/0001564408-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/snap-20260506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T22:39:03.672476+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7071e395226398a54221121a6584ebff04863252","claim":"Snap Inc reported the quarter ended March 31, 2026 results: revenue $1,529 million, net income $89 million, EPS $ (0.05).","evidence_excerpt":"Revenue was $1,529 million, compared to $1,363 million in the prior year, an increase of 12% year-over-year. • Net loss was $89 million, compared to $140 million in the prior year. • Adjusted EBITDA was $233 million, compared to $108 million in the prior year. • Operating cash flow was $327 million, compared to $152 million in the prior year. • Free Cash Flow was $286 million, compared to $114 million in the prior year. Three Months Ended March 31, Percent Change 2026 2025 (Unaudited) (dollars in thousands, except per share amounts) Revenue $ 1,528,791 $ 1,363,217 12 % Operating loss $ (74,449) $ (193,846) 62 % Net loss $ (88,951) $ (139,587) 36 % Adjusted EBITDA (1) $ 233,333 $ 108,425 115 % Net cash provided by operating activities $ 326,779 $ 151,610 116 % Free Cash Flow (2) $ 286,007 $ 114,396 150 % Diluted net loss per share attributable to common stockholders $ (0.05) $ (0.08) 38 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/0001564408-26-000024-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$1,529 million"},{"label":"Net income","value":"$89 million"},{"label":"EPS","value":"$ (0.05)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}