Special Report

40 Massive Public Companies That Don't Turn a Profit

Source: Drew Angerer / Getty Images

25. Snap
> Annual revenue, 2021: $4.1 billion
> Net income, 2021: -$488.0 million
> Net income, 2020: -$944.8 million
> Net income, 2019: -$1.0 billion
> Market capitalization: $20.9 billion
> Sector: Technology

Source: Courtesy of Coduent Inc.

24. Conduent
> Annual revenue, 2021: $4.1 billion
> Net income, 2021: -$28.0 million
> Net income, 2020: -$118.0 million
> Net income, 2019: -$1.9 billion
> Market capitalization: $1.0 billion
> Sector: Business services

Source: Sundry Photography / iStock Editorial via Getty Images

23. Palo Alto Networks
> Annual revenue, 2021: $4.3 billion
> Net income, 2021: -$498.9 million
> Net income, 2020: -$267.0 million
> Net income, 2019: -$81.9 million
> Market capitalization: $47.0 billion
> Sector: Technology

Source: Jemal Countess / Getty Images

22. Coty
> Annual revenue, 2021: $4.6 billion
> Net income, 2021: -$201.3 million
> Net income, 2020: -$1.0 billion
> Net income, 2019: -$3.8 billion
> Market capitalization: $5.0 billion
> Sector: Household products

Source: josemiguels / Flickr / Public Domain

21. Yellow
> Annual revenue, 2021: $5.1 billion
> Net income, 2021: -$109.1 million
> Net income, 2020: -$53.5 million
> Net income, 2019: -$104.0 million
> Market capitalization: $170.5 million
> Sector: Transportation

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