Snap officially filed for an IPO on Thursday, and told investors it "may never achieve or maintain profitability."
Snapchat's revenue growth is astounding — and so are its losses. Here are the highlights.
Net revenue: $404.48 million in 2016, up from $58.66 million in 2015
Net loss: $514.64 million in 2016, wider than $372.89 million in 2015
Loss from operations: $520.39 million in 2016, wider than $381.73 million in 2015
Usage: 161 million daily active users in the December quarter (60 million daily active users in the United States and Canada)
Average revenue per user: $1.05 in the December quarter ($2.15 in North America)