Facebook will release its first earnings report as a public company Thursday afternoon, after the market closes. The company has come a long way since launching in 2004, and now we’ll really get to see what it’s made of.

Facebook is down roughly 25% since the IPO. Here’s what the graph looks like (via Google Finance):

In pre-market trading, Facebook stock was at 27.63 (-1.71, -5.83%), as of Jul 26, 9:08AM EDT. It closed yesterday at 29.34. According to Reuters, investors are expecting a 14% move (either up or down), following the earnings report.

Let’s hope, for Facebook shareholders’ sake, that Facebook has a better day than Zynga did yesterday (Zynga fell to as little as $3 in pre-market trading).

The company will host a conference call to discuss its results, starting at 2:00 PM PT. There will be a live webcast on the company’s investor relations site. In case you can’t tune in, the company will offer a replay of the webcast on the site after it’s over, and a telephonic replay will be available for a week following the call.