Its current total liabilities are $5.38 billion, and it reported an accumulated deficit of $9.42 billion.

Snap reported total unaudited assets of $8.28 billion at the end of the third quarter of FY 2022. Some of the losses were driven by debt and equity securities at ($75.7 million), operating lease liabilities of ($12.1 million), purchases of property and equipment of ($37.8 million) and purchases of marketable securities at ($821.8 million). This is a sharp increase from a loss of $71.9 million in the third quarter of FY 2021 and a $510.5 million loss for the first 9 nine months of 2021. Snap reported an operating loss of $359.5 million and a total comprehensive loss of $372.9 million for the third quarter that ended on September 30, 2022, and a total loss of $1.14 billion for the 9 months ending on the same date. Snap stock has only continued to drop throughout the week, closing at $9.17 yesterday, down 80.32% YTD. While user growth occurs worldwide, Snap is seeing the most growth outside of North America and Europe. Snap had some positive news to share in the form of a 19% increase in daily active users (DAU) to 363 million, up from 306 million daily active users for the same quarter in 2021.

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