Meta Platforms, Inc. is a global technology company that develops social media applications and virtual reality technologies. The company operates a family of apps including Facebook, Instagram, WhatsApp, and Threads, which connect billions of users worldwide. Meta generates the vast majority of its revenue through digital advertising placements across its platforms.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
200,966,000
164,501,000
134,902,000
116,609,000
Cost of Sales
36,175,000
30,161,000
25,959,000
25,249,000
Gross Profit
164,791,000
134,340,000
108,943,000
91,360,000
Selling, General & Administrative Expenses
24,143,000
21,087,000
23,709,000
27,078,000
Research & Development Expenses
57,372,000
43,873,000
38,483,000
35,338,000
Operating Profit
83,276,000
69,380,000
46,751,000
28,944,000
Non-Operating Income
2,656,000
1,283,000
677,000
(125,000)
Total Non-Operating Income
2,656,000
1,283,000
677,000
(125,000)
Income Before Provision for Income Taxes
85,932,000
70,663,000
47,428,000
28,819,000
Provision for Income Taxes
25,474,000
8,303,000
8,330,000
5,619,000
Consolidated Net Income
60,458,000
62,360,000
39,098,000
23,200,000
Net Income Attributable to Common Shareholders
60,458,000
62,360,000
39,098,000
23,200,000
Basic EPS
23.98
24.61
15.19
8.63
Diluted EPS
23.49
23.86
14.87
8.59
Basic Weighted Average Shares Outstanding
2,521,000
2,534,000
2,574,000
2,687,000
Diluted Weighted Average Shares Outstanding
2,574,000
2,614,000
2,629,000
2,702,000
Shares Outstanding
2,530,000
2,534,000
2,561,000
2,614,000
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
35,873,000
43,889,000
41,862,000
14,681,000
Short-Term Investments
45,719,000
33,926,000
23,541,000
26,057,000
Total Cash and Cash Equivalents
81,592,000
77,815,000
65,403,000
40,738,000
Accounts Receivable
19,769,000
16,994,000
16,169,000
13,466,000
Total Trade Receivables
19,769,000
16,994,000
16,169,000
13,466,000
Other Current Assets
7,361,000
5,236,000
3,793,000
5,345,000
Total Current Assets
108,722,000
100,045,000
85,365,000
59,549,000
Net Property, Plant & Equipment
196,804,000
136,268,000
109,881,000
92,191,000
Net Intangible Assets
—
—
—
897,000
Goodwill
24,534,000
20,654,000
20,654,000
20,306,000
Long-Term Investments
27,524,000
6,070,000
6,141,000
6,201,000
Other Long-Term Assets
8,437,000
13,017,000
7,582,000
6,583,000
Total Assets
366,021,000
276,054,000
229,623,000
185,727,000
Accounts Payable
8,894,000
7,687,000
4,849,000
4,990,000
Accrued Expenses
30,729,000
23,967,000
25,488,000
19,552,000
Current Portion of Leases
2,213,000
1,942,000
1,623,000
1,367,000
Other Current Liabilities
—
—
—
1,117,000
Total Current Liabilities
41,836,000
33,596,000
31,960,000
27,026,000
Long-Term Debt
58,744,000
28,826,000
18,385,000
9,923,000
Leases
22,940,000
18,292,000
17,226,000
15,301,000
Other Long-Term Liabilities
25,258,000
12,703,000
8,884,000
7,764,000
Total Long-Term Liabilities
106,942,000
59,821,000
44,495,000
32,988,000
Total Liabilities
148,778,000
93,417,000
76,455,000
60,014,000
Common Stock
95,793,000
—
73,253,000
64,444,000
Additional Paid-in Capital
—
83,228,000
—
—
Accumulated Other Comprehensive Income
271,000
(3,097,000)
(2,155,000)
(3,530,000)
Retained Earnings
121,179,000
102,506,000
82,070,000
64,799,000
Total Common Shareholders' Equity
217,243,000
182,637,000
153,168,000
125,713,000
Total Shareholders' Equity
217,243,000
182,637,000
153,168,000
125,713,000
Total Liabilities and Shareholders' Equity
366,021,000
276,054,000
229,623,000
185,727,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
60,458,000
62,360,000
39,098,000
23,200,000
Depreciation & Amortization
18,616,000
15,498,000
11,178,000
8,686,000
Share-Based Compensation Expense
20,427,000
16,690,000
14,027,000
11,992,000
Other Adjustments
17,184,000
(4,268,000)
2,974,000
914,000
Changes in Trade Receivables
(1,815,000)
(1,485,000)
(2,399,000)
231,000
Changes in Accounts Payable
(14,000)
373,000
51,000
210,000
Changes in Accrued Expenses
1,077,000
323,000
5,081,000
4,300,000
Changes in Other Operating Activities
(133,000)
1,837,000
1,103,000
942,000
Cash from Operating Activities
115,800,000
91,328,000
71,113,000
50,475,000
Capital Expenditure
(69,691,000)
(37,256,000)
(27,045,000)
(31,186,000)
Purchases of Investments
(55,259,000)
(25,553,000)
(2,983,000)
(9,626,000)
Proceeds from Sale of Investments
26,874,000
15,789,000
6,184,000
13,158,000
Payments for Business Acquisitions
(4,231,000)
(270,000)
(629,000)
(1,312,000)
Other Investing Activities
304,000
140,000
(22,000)
(4,000)
Cash from Investing Activities
(102,003,000)
(47,150,000)
(24,495,000)
(28,970,000)
Issuance of Long-Term Debt
29,906,000
10,432,000
8,455,000
9,921,000
Repayments of Long-Term Debt
(2,524,000)
(1,969,000)
(1,058,000)
(850,000)
Net Issuance / (Repayments) of Long-Term Debt
27,382,000
8,463,000
7,397,000
9,071,000
Repurchases of Common Shares
(26,248,000)
(30,125,000)
(19,774,000)
(27,956,000)
Net Issuance / (Repurchases) of Common Shares
(26,248,000)
(30,125,000)
(19,774,000)
(27,956,000)
Common Share Dividends Paid
(5,324,000)
(5,072,000)
—
—
Other Financing Activities
(16,180,000)
(14,047,000)
(7,123,000)
(3,251,000)
Cash from Financing Activities
(20,370,000)
(40,781,000)
(19,500,000)
(22,136,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
235,000
(786,000)
113,000
(638,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash