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Get filing alertsStanding Risk Factors
- Cryptocurrency Treasury Strategy (unchanged) — Filing discloses a named cryptocurrency treasury/financing strategy. On minimal cash, this non-standard treasury pivot is material.
META Q2 revenue +28% to $60.8B, but operating income -8% on severance, legal, AI costs
Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read
Key Changes
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Operating income fell 8% YoY to $18.8B despite 28% revenue growth, as costs surged: R&D +67% (severance, AI tokens, infrastructure), G&A +111% ($2.4B legal charges), capex nearly doubled to $31.1B.
MD&A: Operating Results verify on EDGAR → -
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Youth-litigation verdicts: $6M personal-injury award (70% META), $375M New Mexico AG penalty, plus $953M abatement sought. Flo Health jury found liability; plaintiffs seek $5K × 1.25M members ($6.25B exposure).
Legal Proceedings verify on EDGAR → -
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Issued $25B debt in May 2026; total long-term debt now $83.7B (vs $29B prior year). Non-cancelable commitments jumped from $28B to $349B (cloud, infrastructure); uncommenced leases rose from $53B to $279B.
Notes: Debt & Commitments view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify