SNOW 10-Q Quarterly Reports

Snowflake Inc. reported strong revenue growth of 33% year-over-year for the three months ended April 30, 2026, reaching $1.39 billion. This growth was primarily driven by increased consumption from existing customers, as indicated by a net revenue retention rate of 126%. The company also saw a significant increase in customers spending over $1 million annually. Despite the revenue growth, Snowflake continues to operate at a loss, with a net loss of $295.6 million for the quarter, a decrease from the previous year's net loss of $430.0 million. This loss is attributed to substantial investments in sales and marketing, and research and development, including significant stock-based compensation expenses. The company acquired Observe, Inc. for $595.8 million during the quarter, which added goodwill and intangible assets to the balance sheet. Snowflake's cash position remains strong with $4.4 billion in cash, cash equivalents, and investments. The company is actively managing its capital through stock repurchases and has a substantial remaining authorization for future repurchases. The company also amended a significant cloud infrastructure agreement, committing to a $6.0 billion spend over five years.

Snowflake Inc. (SNOW) reported its financial results for the quarter ending October 31, 2025, with total revenue reaching $1.21 billion, a 29% increase year-over-year. The company continues to demonstrate strong revenue growth driven by increased consumption from its existing customer base, as evidenced by a net revenue retention rate of 125%. Despite robust top-line growth, Snowflake reported a net loss of $294.0 million for the quarter. While the company's gross profit increased to $822.0 million, the significant operating expenses, particularly in sales and marketing and research and development, contributed to the net loss. Management remains focused on investing in platform development, including AI Technology, and expanding its go-to-market strategy. The company ended the quarter with a healthy liquidity position, holding $4.4 billion in cash, cash equivalents, and investments.

Snowflake Inc. reported its financial results for the period ending July 31, 2025. The company demonstrated strong revenue growth, with total revenue increasing by 32% year-over-year for the three months ended July 31, 2025, reaching $1.14 billion. This growth was primarily driven by increased customer consumption of its platform, reflected in a net revenue retention rate of 125% as of the end of the quarter. Despite revenue growth, the company continued to experience net losses, reporting a net loss of $298.0 million for the quarter. Significant operating expenses, particularly in sales and marketing and research and development, contributed to the ongoing net loss. The company also made a strategic acquisition of Crunchy Data Solutions, Inc. for $164.5 million during the quarter to enhance its technology offerings. Snowflake's balance sheet shows a robust cash position, but also includes substantial convertible senior notes, presenting potential future dilution or cash outflow upon conversion. Investors should note the continued investment in growth initiatives, which impacts profitability in the short term. The company's consumption-based revenue model provides visibility into customer satisfaction through retention rates but less predictability on the exact timing of revenue recognition. Key risks highlighted include intense competition, cybersecurity threats, and the evolving regulatory landscape for AI technology. The company maintains a positive outlook on its ability to fund operations and growth through its existing cash reserves and operational cash flows.

Snowflake Inc. reported a net loss of $430.1 million for the three months ended April 30, 2025, a widening from the $317.0 million loss in the prior year period. Revenue, however, showed strong growth, increasing by 26% year-over-year to $1.04 billion, primarily driven by increased consumption from existing customers, as evidenced by a net revenue retention rate of 124%. The company's operating expenses also increased significantly, particularly in general and administrative expenses, which were impacted by a $106.5 million asset impairment charge related to an office facility exit. Despite the ongoing net loss, the company maintained a solid liquidity position with $4.9 billion in cash, cash equivalents, and investments as of April 30, 2025. The company continues to invest in its platform, including AI capabilities, while managing expenses, though the path to profitability remains a key focus for investors. Key operational highlights include continued customer growth, with 11,578 total customers as of the end of the quarter, and a notable increase in large customers spending over $1 million annually. Management continues to express confidence in the long-term growth potential of the AI Data Cloud, driven by platform adoption and expansion within the existing customer base. However, investors should note the significant increase in operating expenses, particularly R&D and G&A, which outpaced revenue growth, leading to a wider operating loss. The company's stock repurchase program remains active, with $1.5 billion remaining available. Investors will be closely watching Snowflake's ability to translate its revenue growth into profitability, manage its significant operating expenses, and navigate the competitive landscape, especially in the rapidly evolving AI sector. The company's consumption-based model provides flexibility but also introduces variability in revenue recognition, making consistent operational execution critical.

Snowflake Inc. (SNOW) reported its financial results for the quarter ending October 31, 2024. The company demonstrated continued revenue growth, with product revenue increasing by 29% year-over-year for the quarter and 31% year-over-year for the nine-month period, reaching $900.3 million and $2.52 billion respectively. This growth was primarily driven by increased consumption from existing customers, as evidenced by a healthy net revenue retention rate of 127%. Despite revenue growth, Snowflake reported a net loss of $324.3 million for the quarter, widening from $214.3 million in the prior year period, and a year-to-date net loss of $958.2 million. This was driven by significant operating expenses, particularly in sales and marketing ($438.0 million) and research and development ($442.4 million) for the quarter, reflecting ongoing investments in growth and product development, including AI capabilities. The company also successfully raised $2.3 billion in convertible senior notes during the quarter, strengthening its liquidity position. Key operational highlights include an increase in customers with over $1 million in trailing 12-month product revenue to 542, and a substantial remaining performance obligation (RPO) of $5.7 billion. Management continues to focus on expanding its AI Data Cloud and investing in innovation, while also managing operational costs. The company is navigating a dynamic macroeconomic environment, with an active stock repurchase program in place.

Snowflake Inc. reported revenue of $868.8 million for the three months ended July 31, 2024, an increase of 29% year-over-year. The company generated a net loss of $316.9 million for the quarter, a widening compared to the prior year's loss of $226.9 million. Despite the net loss, Snowflake demonstrated strong operational cash flow generation, with $425.3 million in net cash provided by operating activities for the six months ended July 31, 2024. The company also continues to expand its customer base, with 10,249 total customers as of July 31, 2024, including 736 Forbes Global 2000 customers. The company announced an additional $2.5 billion stock repurchase authorization, signaling confidence in its financial position and commitment to returning capital to shareholders. Key financial metrics show continued growth in product revenue and a stable net revenue retention rate of 127%. However, the company's cost of revenue and operating expenses, particularly in research and development and sales and marketing, have increased significantly, contributing to the net loss. Investors should monitor the company's ability to manage its expenses while continuing to drive revenue growth and achieve profitability.

Snowflake Inc. reported a significant increase in revenue for the three months ended April 30, 2024, growing by 33% year-over-year to $828.7 million. This growth was primarily driven by increased consumption from existing customers, as evidenced by a strong net revenue retention rate of 128%. Despite the revenue growth, the company continued to operate at a loss, with a net loss of $317.0 million, a widening from the previous year's loss of $225.6 million. This widening loss is largely attributable to a substantial increase in operating expenses, particularly in research and development, which grew by 48% year-over-year. Financially, Snowflake maintained a strong liquidity position with approximately $4.5 billion in cash, cash equivalents, and investments. The company also actively engaged in its stock repurchase program, buying back approximately $516.3 million worth of its stock during the quarter, indicating a focus on returning capital to shareholders while also investing in future growth. Management remains focused on long-term revenue potential, with significant investments planned for platform development and international expansion.

Snowflake Inc. reported revenue of $734.2 million for the three months ended October 31, 2023, representing a 32% year-over-year increase, and $2.0 billion for the nine months ended October 31, 2023, a 38% increase. Despite top-line growth, the company continued to report a net loss, amounting to $214.3 million for the quarter and $666.7 million for the nine months. This loss is largely driven by significant operating expenses, particularly in sales and marketing and research and development, which together represented 104% of revenue for the quarter. The company is actively managing its expenses and is focused on long-term growth, as evidenced by its substantial investment in R&D and its ongoing stock repurchase program. The company's net revenue retention rate remained strong at 135% as of October 31, 2023, indicating good customer loyalty and expansion within the existing customer base. The company is navigating a challenging macroeconomic environment, which is leading some customers to rationalize budgets and optimize consumption. However, Snowflake's consumption-based model and its position in the growing Data Cloud market provide a strong foundation. The company ended the period with a healthy cash position of $4.5 billion, providing ample liquidity for ongoing operations and strategic investments. Key strategic initiatives include the continued expansion of the Data Cloud and investments in AI/ML technologies.

Snowflake Inc. reported revenue of $674.0 million for the three months ended July 31, 2023, an increase of 36% compared to the prior year period. For the six months ended July 31, 2023, revenue was $1.3 billion, up 41% year-over-year. Despite revenue growth, the company continued to incur net losses, with a net loss of $226.9 million for the third quarter of fiscal year 2024 and $452.5 million for the first six months. The company is actively managing its cash position, with cash, cash equivalents, and investments totaling $4.9 billion as of July 31, 2023. Snowflake also announced the acquisition of Neeva Inc. for $185.4 million in cash during the quarter. The company's strategic focus remains on expanding its Data Cloud platform and driving consumption within its existing customer base. While revenue growth is strong, investors should note the continued net losses and the consumption-based revenue model, which introduces variability in revenue recognition timing. The company's ongoing investments in research and development, sales, and marketing reflect its commitment to capturing market share, but also contribute to the current net losses.

Snowflake Inc.'s (SNOW) 10-Q filing for the period ending April 30, 2023, reveals robust revenue growth, with total revenue increasing by 48% year-over-year to $623.6 million. This growth was primarily driven by a 50% surge in product revenue, reaching $590.1 million, indicating strong customer consumption of its cloud-based data platform. Despite the impressive top-line performance, the company continues to operate at a net loss, reporting a net loss attributable to Snowflake Inc. of $225.6 million for the quarter, compared to $165.8 million in the prior year. This widening loss, coupled with increased operating expenses, particularly in research and development (up 84%), reflects continued significant investment in growth and platform development. The company also announced a new $2 billion stock repurchase program, demonstrating confidence in its financial position and commitment to returning value to shareholders.

Snowflake Inc. (SNOW) reported its third-quarter fiscal year 2023 results, ending October 31, 2022. The company demonstrated strong revenue growth, with product revenue increasing by 67% year-over-year for the quarter to $522.8 million. This growth was primarily driven by increased consumption from existing customers, evidenced by a robust net revenue retention rate of 165%. The total customer count also saw significant expansion, reaching 7,292. Despite revenue growth, Snowflake continued to incur net losses, with a net loss of $200.9 million for the quarter. Operating expenses, particularly sales and marketing and research and development, remain high as the company invests heavily in growth and platform innovation. The company ended the quarter with substantial cash, cash equivalents, and investments totaling $4.9 billion, providing ample liquidity for ongoing operations and strategic initiatives.

Snowflake Inc. (SNOW) reported strong revenue growth in its fiscal second quarter ended July 30, 2022, with total revenue increasing by 83% year-over-year to $497.2 million. This growth was primarily driven by a significant increase in product revenue, up 83% to $466.3 million, fueled by continued strong consumption from existing customers, as evidenced by a net revenue retention rate of 171%. The company also saw an increase in customers contributing over $1 million in product revenue, reaching 246. Despite the robust top-line performance, Snowflake continued to incur operating losses, with a net loss of $222.8 million for the quarter, an increase from the prior year's net loss of $189.7 million, largely due to significant investments in sales and marketing, and research and development. The company's balance sheet shows a healthy cash and investment position of approximately $5.0 billion. Snowflake also completed the acquisition of Streamlit, Inc. for $650.8 million during the quarter, which added significant goodwill and intangible assets, reflecting its strategy of investing in talent and developer communities to expand its Data Cloud offerings. While the company is investing heavily for future growth, its ability to achieve profitability remains a key focus for investors.

Snowflake Inc. reported strong revenue growth in the first quarter of fiscal year 2023, with total revenue increasing by 85% year-over-year to $422.4 million. This growth was primarily driven by a 84% increase in product revenue, largely attributed to higher consumption by existing customers as indicated by a robust net revenue retention rate of 174%. The company also demonstrated improving gross margins, with product gross margin reaching 72%, up from 66% in the prior year period, attributed to increased sales of higher-priced platform editions and greater scale. Despite the strong revenue performance, Snowflake continued to operate at a net loss of $165.8 million, though this represents an improvement from the $203.2 million net loss in the same period last year. Strategic acquisitions also played a role, with the company completing the acquisition of Streamlit, Inc. for approximately $650.8 million in March 2022. This acquisition is expected to bolster Snowflake's capabilities in data application development. The company ended the quarter with a healthy cash and investments balance of $5.0 billion, and positive net cash provided by operating activities of $184.6 million, indicating solid financial footing and operational cash generation. Investors should monitor the company's continued revenue growth, path to profitability, and integration of strategic acquisitions.

Snowflake Inc.'s (SNOW) 10-Q filing for the period ending October 30, 2021, highlights significant revenue growth, with revenue for the three months ending October 31, 2021, reaching $334.4 million, a substantial increase from $159.6 million in the prior year period. This growth is fueled by increasing customer consumption of its data cloud platform, though the consumption-based revenue model presents challenges in revenue forecasting compared to traditional subscription models. Despite strong top-line performance, the company continues to operate at a net loss, reporting $154.9 million in net losses for the quarter and an accumulated deficit of $1.8 billion as of period end. The company's outlook is characterized by aggressive investment in platform development and sales/marketing to capture market opportunities. However, this growth comes with significant risks, including intense competition from established cloud providers, potential security breaches, and the inherent complexities of a rapidly evolving technology market. Snowflake's reliance on AWS, Azure, and GCP as infrastructure providers also introduces potential risks related to pricing and competitive actions by these partners, who are also competitors.

Snowflake Inc. (SNOW) reported its quarterly results for the period ending July 30, 2021. The company's revenue for the three months ended July 31, 2021, was $272.2 million, a significant increase from $133.1 million in the same period last year. This highlights substantial top-line growth, driven by increased customer consumption of its platform. Despite strong revenue growth, Snowflake continues to operate at a loss, with net losses of $189.7 million for the quarter and $392.9 million for the first six months of the fiscal year. The company emphasizes ongoing investment in platform development, sales, and marketing to fuel future growth, which contributes to these losses. Investors should monitor the company's path to profitability while appreciating the rapid expansion of its Data Cloud platform.

Snowflake Inc.'s (SNOW) 10-Q filing for the period ending April 29, 2021, primarily details its status as an 'emerging growth company' and the implications of this designation. As an emerging growth company, Snowflake is eligible for certain exemptions from reporting requirements, including auditor attestation on internal controls (Section 404 of SOX) and reduced executive compensation disclosures. This allows the company to potentially adopt new accounting standards later than public companies, which may impact comparability with peers and investor perception. The company emphasizes the significant costs and management attention required to comply with public company obligations, including the eventual need to implement and report on internal controls over financial reporting. Furthermore, the filing outlines several anti-takeover provisions embedded in its charter documents and under Delaware law. These provisions, such as a classified board, limitations on stockholder actions by written consent, and restrictions on business combinations with interested stockholders, are designed to prevent or delay a change in control or management. Additionally, Snowflake has established exclusive forum provisions for legal disputes, designating Delaware courts for state law claims and federal district courts for Securities Act claims, aiming to streamline litigation and avoid conflicting rulings. Investors should note that these provisions could deter potential acquirers and limit the market price of the common stock, as well as restrict stockholders' ability to choose favorable legal venues.

Snowflake Inc. (SNOW) filed its quarterly report for the period ending October 30, 2020, shortly after its Initial Public Offering (IPO). As an "emerging growth company," Snowflake can utilize certain exemptions from reporting requirements, which may affect comparability with other public companies. Investors should note the company's ongoing efforts and associated costs in establishing robust internal controls required of a public entity, with a mandated management assessment of internal control over financial reporting due by January 31, 2022. The filing also details significant post-IPO equity transactions, including private placements of Class A common stock to Salesforce Ventures LLC and Berkshire Hathaway Inc. for $500 million immediately following the IPO. These transactions, along with other equity issuances under employee incentive plans, are noted as exempt from standard registration requirements. Additionally, the report outlines several anti-takeover provisions within the company's charter documents and under Delaware law, which could impact the likelihood of a change in control or premium for stockholders in an acquisition scenario.