Snowflake Inc.
Business
Snowflake Inc. provides the AI Data Cloud, a cloud-native platform that consolidates, queries, and enables secure sharing of structured, semi-structured, and unstructured data across multiple public clouds and regions. The platform serves analytics, data engineering, AI, transactions, applications, and collaboration use cases through a consumption-based, software-as-a-service model. The company distributes globally via direct sales teams, self-service trials, and a partner network of system integrators and technology providers.
Summary from 10-K filed 2026-03-20
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Snowflake Inc.'s CIK number?
Snowflake Inc.'s SEC CIK number is 0001640147 (1640147). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Snowflake Inc.'s SEC filings?
All of Snowflake Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Snowflake Inc. last report earnings?
Snowflake Inc. (SNOW) most recently filed an earnings 8-K with the SEC on May 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001640147-26-000027). This is Snowflake Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Snowflake Inc.'s most recent earnings 8-K?
Snowflake Inc.'s latest earnings 8-K (Item 2.02) was filed May 27, 2026 under accession 0001640147-26-000027. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Snowflake Inc.'s latest earnings 8-K →
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