Snowflake Inc.

Listed Company

SNOWCIK 0001640147NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$4.68B

Net Income

$-1.33B

Total Assets

$9.13B

Equity

$1.92B

Shares Out

345.70M

Op. Cash Flow

$1.22B

Business

Snowflake Inc. provides a cloud-native data platform that centralizes diverse data and powers the AI Data Cloud for enterprises. It offers services and products across analytics, data engineering, AI (including LLMs and Document AI), Snowpark developer tools, Snowpark Container Services, Native Application Framework, and the Snowflake Marketplace. Its business is organized around product categories—Analytics, Data Engineering, AI, Applications, and Collaboration—and leverages industry-vertical AI Data Clouds and a partner ecosystem. Snowflake distributes its platform globally via three major public clouds, direct sales, self-service trials, and a broad partner network.

Summary from filing dated 2025-03-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenue	4,684	3,626	2,806	2,066	1,219
Cost of revenue	1,538	1,215	899	718	458
Gross profit	3,146	2,412	1,908	1,348	761
Sales and marketing	2,062	1,672	1,392	1,107	744
Research and development	1,969	1,783	1,288	788	467
General and administrative	550	412	323	296	265
Total operating expenses	4,581	3,868	3,003	2,190	1,476
Operating loss	−1,435	−1,456	−1,095	−842	−715
Interest income	191	209	201	74	—
Interest expense	−8	−3	0	0	—
Other income (expense), net	−59	−35	45	−48	29
Loss before income taxes	−1,312	−1,285	−849	−816	−677
Provision for (benefit from) income taxes	17	4	−11	−18	3
Net loss	−1,329	−1,289	−838	−798	−680
Less: net income (loss) attributable to noncontrolling interest	3	−4	−2	−821,000	0
Net loss attributable to Snowflake Inc.	−1,332	−1,286	−836	−797	−680
Net loss per share attributable to Snowflake Inc. common stockholdersbasic (in dollars per share)	−3.95	−3.86	−2.55	−2.5	−2.26
Net loss per share attributable to Snowflake Inc. common stockholdersdiluted (in dollars per share)	−3.95	−3.86	−2.55	−2.5	−2.26
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholdersbasic (in shares)	337	333	328	319	300
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholdersdiluted (in shares)	337	333	328	319	300

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	2,828	2,629	1,763	940	1,086
Short-term investments	1,202	2,009	2,083	3,068	2,766
Accounts receivable, net	1,304	923	927	716	546
Deferred commissions, current	214	98	86	68	51
Prepaid expenses and other current assets	195	211	180	193	150
Total current assets	5,743	5,869	5,039	4,985	4,599
Long-term investments	755	656	916	1,073	1,256
Property and equipment, net	249	296	247	161	105
Operating lease right-of-use assets	275	359	252	231	190
Goodwill	1,194	1,057	976	657	8
Intangible assets, net	247	278	331	186	37
Deferred commissions, non-current	242	184	187	145	125
Other assets	428	334	274	284	329
Total assets	9,132	9,034	8,223	7,722	6,650
Accounts payable	146	170	52	24	13
Accrued expenses and other current liabilities	880	515	447	269	201
Operating lease liabilities, current	50	36	34	27	25
Deferred revenue, current	3,347	2,580	2,199	1,673	1,158
Total current liabilities	4,422	3,301	2,731	1,994	1,397
Convertible senior notes, net	2,280	2,272	0	—	—
Operating lease liabilities, non-current	412	378	254	224	181
Deferred revenue, non-current	14	16	14	11	11
Other liabilities	81	61	33	24	11
Total liabilities	7,208	6,027	3,033	2,254	1,601
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each of January 31, 2026 and 2025	0	0	0	0	0
Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized; 344,317 and 334,301 shares issued as of January 31, 2026 and 2025, respectively; 343,918 and 333,865 shares outstanding as of January 31, 2026 and 2025, respectively; zero and 185,461 Class B shares authorized as of January 31, 2026 and 2025, respectively, zero shares issued and outstanding as of each of January 31, 2026 and 2025(1)	34,000	34,000	34,000	32,000	31,000
Treasury stock, at cost; 399 shares and 436 shares held as of January 31, 2026 and 2025, respectively	−54	−60	−67	0	—
Additional paid-in capital	11,469	10,355	9,331	8,211	6,985
Accumulated other comprehensive income (loss)	3	−2	−8	−38	−16
Accumulated deficit	−9,494	−7,294	−4,076	−2,716	−1,919
Total Snowflake Inc. stockholders equity	1,924	3,000	5,180	5,456	5,049
Noncontrolling interest	0	7	10	12	0
Total stockholders equity	1,924	3,007	5,191	5,469	5,049
Total liabilities and stockholders equity	9,132	9,034	8,223	7,722	6,650

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	220	183	120	64	21
Non-cash operating lease costs	66	60	53	46	36
Amortization of deferred commissions	140	93	75	57	38
Asset impairment related to office facility exit	109	0	0	—	—
Stock-based compensation, net of amounts capitalized	1,600	1,479	1,168	862	605
Net accretion of discounts on investments	−22	−43	−62	3	48
Net realized and unrealized losses (gains) on strategic investments in equity securities	60	31	−47	46	−28
Amortization of debt issuance costs	8	3	0	0	—
Deferred income tax	−2	−8	−27	−27	−717,000
Non-cash restructuring charges (recoveries), net	−11	1	0	—	—
Other	−1	6	15	2	2
Accounts receivable	−380	536,000	−212	−167	−252
Deferred commissions	−305	−102	−135	−95	−96
Prepaid expenses and other assets	−45	30	60	−3	−159
Accounts payable	−8	109	19	8	7
Accrued expenses and other liabilities	393	71	171	75	80
Operating lease liabilities	−27	−48	−40	−42	−38
Deferred revenue	755	383	528	514	526
Net cash provided by operating activities	1,222	960	848	546	110
Purchases of property and equipment	−102	−46	−35	−25	−16
Capitalized software development costs	0	−29	−34	−24	−13
Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired	−179	−30	−276	−363	0
Purchases of intangible assets	−3	0	−29	−700,000	−24
Purchases of investments	−2,040	−2,569	−2,476	−3,901	−4,250
Sales of investments	21	65	11	59	—
Maturities and redemptions of investments	2,615	2,802	3,671	3,657	3,843
Settlement of cash flow hedges	0	−749,000	0	0	—
Net cash provided by investing activities	312	191	832	−598	−21
Proceeds from exercise of stock options	84	45	57	40	127
Proceeds from issuance of common stock under employee stock purchase plan	88	77	61	41	52
Taxes paid related to net share settlement of equity awards	−673	−489	−381	−185	0
Repurchases of common stock	−874	−1,932	−592	0	0
Distributions to noncontrolling interest holders	−9	0	0	—	—
Payments of deferred purchase consideration for business combinations	−2	−250,000	0	−2	−1
Gross proceeds from issuance of convertible senior notes	0	2,300	0	0	—
Cash paid for issuance costs on convertible senior notes	0	−31	0	0	—
Purchases of capped calls related to convertible senior notes	0	−196	0	0	—
Net cash used in financing activities	−1,385	−227	−854	−93	178
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	17	−6	−2	−933,000	−236,000
Net increase in cash, cash equivalents, and restricted cash	166	918	824	−146	267
Property and equipment included in accounts payable and accrued expenses	17	36	17	6	5
Stock-based compensation included in capitalized software development costs	0	38	48	28	24
Issuance of common stock in connection with business combinations	13	88	174	439	0

Filings

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