Business
Meta is mostly an advertising business across Facebook, Instagram, Messenger, WhatsApp, Threads, and related apps. Reality Labs builds Quest, Horizon, AI glasses, AR work, and neural-interface research.
Ads fund the AI and wearables build; growth is strong, but capex absorbs more cash.
The read at a glance✓ Audited against SEC data
- Growth — +22% revenue to $201.0BOK
- Profitability — $83.3B operating income; 41.4% marginOK
- Cash quality — $46.1B FCF after $69.7B capexWatch
- Balance sheet — $81.6B cash+STI vs $58.7B long-term debtOK
- Accounting — Distress score grey (formula, not weak) · no manipulation flag · clean auditNote
- Reality Labs — $21.40B RL costs; losses expected for foreseeable futureWatch
Where the revenue comes from
Fiscal 2025, as Meta Platforms, Inc. reports it. History and quarterly detail are in the app.
- Family of Apps$198.8B
- Reality Labs$2.2B
Leadership changes
From Meta Platforms, Inc.'s own filings, the day they're filed.
- Hock E. Tan · Directors · departureeff. 2026-04-08
- Tracey T. Travis · Directors · departureeff. 2026-04-08
- Dina Powell McCormick · President · appointmenteff. 2026-01-12
Latest filings
- 10-Q · Quarterly report2026-07-30
- 8-K · Company announcement2026-07-29
- 8-K · Company announcement2026-05-29
- 8-K · Company announcement2026-05-04
- 10-Q · Quarterly report2026-04-30
In the full recordFree for 14 days
- ✦ What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- ✦ Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Meta Platforms, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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