NYSE : SNOW
Snowflake Inc. — Financial statements
Technology · Software - Application · United States
Last price 306.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 107.88B
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Financial statements
Snowflake Inc. (SNOW) reported revenue of 5.43B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.43B | 4.68B | 3.63B | 2.81B | 2.07B | 1.22B |
| Cost of Revenue | 1.79B | 1.54B | 1.21B | 898.56M | 717.54M | 458.43M |
| Gross Profit | 3.64B | 3.15B | 2.41B | 1.91B | 1.35B | 760.89M |
| Selling, General & Admin | 2.75B | 2.50B | 2.08B | 1.71B | 1.40B | 1.01B |
| Research & Development | 2.11B | 1.97B | 1.78B | 1.28B | 788.06M | 466.93M |
| Operating Expenses | 4.86B | 4.47B | 3.87B | 3.00B | 2.19B | 1.48B |
| Operating Income | -1.22B | -1.33B | -1.46B | -1.09B | -836.97M | -715.04M |
| Interest Expense | -8.31M | -8.30M | -2.76M | |||
| Interest & Investment Income | 171.07M | 190.56M | 209.01M | 200.66M | 73.84M | 9.13M |
| Currency Exchange Gain (Loss) | -1.40M | 892.00K | -3.92M | -1.92M | -1.13M | 1.33M |
| EBT Excluding Unusual Items | -1.06B | -1.14B | -1.25B | -888.93M | -764.26M | -704.58M |
| Merger & Restructuring Charges | -17.93M | -108.72M | -5.30M | |||
| Gain (Loss) on Sale of Investments | 627.00K | -59.90M | -31.42M | 46.81M | -46.44M | 27.62M |
| Asset Writedown | -7.10M | |||||
| Pretax Income | -1.07B | -1.31B | -1.29B | -849.22M | -815.99M | -676.96M |
| Income Tax Expense | 13.68M | 17.12M | 4.11M | -11.23M | -18.47M | 2.99M |
| Earnings From Continuing Operations | -1.09B | -1.33B | -1.29B | -837.99M | -797.53M | -679.95M |
| Minority Interest in Earnings | -2.35M | -2.58M | 3.57M | 1.89M | 821.00K | |
| Net Income | -1.09B | -1.33B | -1.29B | -836.10M | -796.71M | -679.95M |
| Net Income to Common | -1.09B | -1.33B | -1.29B | -836.10M | -796.71M | -679.95M |
| Shares Outstanding (Basic) | 344.19M | 337.49M | 332.71M | 328.00M | 318.73M | 300.27M |
| Shares Outstanding (Diluted) | 344.19M | 337.49M | 332.71M | 328.00M | 318.73M | 300.27M |
| EPS (Basic) | -3.17 | -3.95 | -3.86 | -2.55 | -2.50 | -2.26 |
| EPS (Diluted) | -3.17 | -3.95 | -3.86 | -2.55 | -2.50 | -2.26 |
| Free Cash Flow | 1.20B | 1.12B | 913.49M | 813.04M | 520.51M | 93.96M |
| Free Cash Flow Per Share | 3.47 | 3.32 | 2.75 | 2.48 | 1.63 | 0.31 |
| Gross Margin | 67.03% | 67.17% | 66.51% | 67.98% | 65.26% | 62.40% |
| Operating Margin | -22.43% | -28.32% | -40.15% | -38.76% | -40.52% | -58.64% |
| Profit Margin | -20.07% | -28.43% | -35.45% | -29.79% | -38.57% | -55.76% |
| Free Cash Flow Margin | 21.99% | 23.92% | 25.19% | 28.97% | 25.20% | 7.71% |
| EBITDA | -1.04B | -1.18B | -1.33B | -986.77M | -783.63M | -697.74M |
| EBITDA Margin | -19.07% | -25.14% | -36.67% | -35.16% | -37.94% | -57.22% |
| D&A For EBITDA | 182.54M | 148.84M | 126.11M | 100.90M | 53.34M | 17.30M |
| EBIT | -1.22B | -1.33B | -1.46B | -1.09B | -836.97M | -715.04M |
| EBIT Margin | -22.43% | -28.32% | -40.15% | -38.76% | -40.52% | -58.64% |
| Advertising Expenses | 121.50M | 104.50M | 85.30M | 68.20M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.71B | 2.83B | 2.63B | 1.76B | 939.90M | 1.09B |
| Short-Term Investments | 637.51M | 1.20B | 2.01B | 2.08B | 3.07B | 2.77B |
| Cash & Short-Term Investments | 2.34B | 4.03B | 4.64B | 3.85B | 4.01B | 3.85B |
| Accounts Receivable | 718.46M | 1.30B | 922.80M | 926.90M | 715.82M | 545.63M |
| Other Receivables | 27.30M | 16.90M | 23.60M | 24.20M | 19.40M | 14.10M |
| Receivables | 745.76M | 1.32B | 946.40M | 951.10M | 735.22M | 559.73M |
| Prepaid Expenses | 181.29M | 176.45M | 186.06M | 155.82M | 173.70M | 135.42M |
| Other Current Assets | 222.08M | 215.84M | 99.24M | 86.10M | 67.90M | 51.40M |
| Total Current Assets | 3.49B | 5.74B | 5.87B | 5.04B | 4.98B | 4.60B |
| Property, Plant & Equipment | 444.26M | 446.98M | 530.95M | 436.37M | 367.93M | 287.98M |
| Long-Term Investments | 2.35B | 1.14B | 957.71M | 1.15B | 1.28B | 1.46B |
| Goodwill | 1.64B | 1.19B | 1.06B | 975.91M | 657.37M | 8.45M |
| Other Intangible Assets | 475.26M | 323.45M | 402.91M | 394.63M | 210.17M | 44.59M |
| Long-Term Deferred Charges | 222.58M | 241.76M | 183.97M | 187.09M | 145.29M | 124.52M |
| Other Long-Term Assets | 60.85M | 47.70M | 32.47M | 39.45M | 80.92M | 121.55M |
| Total Assets | 8.69B | 9.13B | 9.03B | 8.22B | 7.72B | 6.65B |
| Accounts Payable | 185.25M | 145.56M | 169.77M | 51.72M | 23.67M | 13.44M |
| Accrued Expenses | 730.70M | 688.90M | 398.66M | 343.11M | 230.91M | 147.82M |
| Current Portion of Leases | 59.79M | 49.60M | 35.92M | 33.94M | 27.30M | 25.10M |
| Current Income Taxes Payable | 23.05M | 35.64M | 25.82M | 37.11M | 20.00M | 12.71M |
| Current Unearned Revenue | 2.57B | 3.35B | 2.58B | 2.20B | 1.67B | 1.16B |
| Other Current Liabilities | 154.26M | 154.99M | 90.97M | 66.64M | 18.16M | 40.13M |
| Total Current Liabilities | 3.72B | 4.42B | 3.30B | 2.73B | 1.99B | 1.40B |
| Long-Term Debt | 2.28B | 2.28B | 2.27B | |||
| Long-Term Leases | 420.04M | 411.69M | 377.82M | 254.04M | 224.36M | 181.20M |
| Long-Term Unearned Revenue | 27.76M | 14.44M | 15.50M | 14.40M | 11.46M | 11.18M |
| Other Long-Term Liabilities | 87.48M | 80.75M | 61.26M | 33.12M | 24.37M | 11.18M |
| Total Liabilities | 6.54B | 7.21B | 6.03B | 3.03B | 2.25B | 1.60B |
| Common Stock | 35.00K | 34.00K | 34.00K | 34.00K | 32.00K | 31.00K |
| Additional Paid-In Capital | 12.50B | 11.47B | 10.36B | 9.33B | 8.21B | 6.98B |
| Retained Earnings | -10.28B | -9.49B | -7.29B | -4.08B | -2.72B | -1.92B |
| Treasury Stock | -51.99M | -54.49M | -59.51M | -67.14M | ||
| Comprehensive Income & Other | -17.98M | 3.34M | -2.24M | -8.22M | -38.27M | -16.29M |
| Total Common Equity | 2.15B | 1.92B | 3.00B | 5.18B | 5.46B | 5.05B |
| Minority Interest | 6.71M | 10.29M | 12.18M | |||
| Shareholders' Equity | 2.15B | 1.92B | 3.01B | 5.19B | 5.47B | 5.05B |
| Total Liabilities & Equity | 8.69B | 9.13B | 9.03B | 8.22B | 7.72B | 6.65B |
| Total Debt | 2.76B | 2.74B | 2.69B | 287.98M | 251.66M | 206.30M |
| Net Cash (Debt) | 1.57B | 2.04B | 2.61B | 4.47B | 4.83B | 4.90B |
| Net Cash Per Share | 4.57 | 6.06 | 7.84 | 13.64 | 15.15 | 16.33 |
| Filing Date Shares Outstanding | 352.42M | 345.30M | 333.66M | 333.96M | 325.00M | 314.60M |
| Total Common Shares Outstanding | 352.45M | 343.92M | 333.87M | 333.96M | 323.31M | 312.38M |
| Working Capital | -227.69M | 1.32B | 2.57B | 2.31B | 2.99B | 3.20B |
| Book Value Per Share | 6.10 | 5.59 | 8.99 | 15.51 | 16.88 | 16.16 |
| Tangible Book Value | 35.40M | 406.29M | 1.54B | 3.81B | 4.59B | 5.00B |
| Tangible Book Value Per Share | 0.10 | 1.18 | 4.61 | 11.41 | 14.19 | 15.99 |
| Machinery | 107.51M | 101.76M | 75.05M | 47.45M | 34.85M | 17.22M |
| Construction In Progress | 6.98M | 22.25M | 67.78M | 113.63M | 68.89M | 42.35M |
| Leasehold Improvements | 139.68M | 133.37M | 97.32M | 67.80M | 59.87M | 51.80M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -1.09B | -1.33B | -1.29B | -836.10M | -796.71M | -679.95M |
| Depreciation & Amortization | 182.54M | 148.84M | 126.11M | 100.90M | 53.34M | 17.30M |
| Other Amortization | 277.75M | 220.31M | 152.29M | 93.79M | 67.64M | 42.08M |
| Asset Writedown & Restructuring Costs | 6.77M | 97.56M | 1.39M | |||
| Loss (Gain) From Sale of Investments | -12.36M | 38.08M | -12.01M | -108.33M | 49.93M | 20.38M |
| Stock-Based Compensation | 1.64B | 1.60B | 1.48B | 1.17B | 861.53M | 605.10M |
| Other Operating Activities | 72.58M | 65.46M | 54.73M | 39.13M | 20.37M | 36.85M |
| Change in Accounts Receivable | -55.39M | -379.97M | 536.00K | -212.08M | -166.97M | -251.65M |
| Change in Accounts Payable | 25.58M | -8.30M | 108.85M | 19.21M | 8.02M | 7.37M |
| Change in Unearned Revenue | 271.93M | 755.22M | 382.75M | 528.03M | 514.30M | 526.22M |
| Change in Other Net Operating Assets | -67.28M | 16.81M | -48.55M | 55.56M | -65.83M | -213.51M |
| Operating Cash Flow | 1.25B | 1.22B | 959.76M | 848.12M | 545.64M | 110.18M |
| Capital Expenditures | -57.98M | -101.63M | -46.28M | -35.09M | -25.13M | -16.22M |
| Cash Acquisitions | -269.07M | -178.85M | -30.30M | -275.71M | -362.61M | |
| Sale (Purchase) of Intangibles | -1.79M | -3.10M | -29.43M | -62.88M | -24.71M | -37.11M |
| Investment in Securities | 42.39M | 595.82M | 297.41M | 1.21B | -185.44M | 32.53M |
| Other Investing Activities | -749.00K | |||||
| Investing Cash Flow | -286.45M | 312.24M | 190.65M | 832.26M | -597.88M | -20.80M |
| Long-Term Debt Issued | 2.30B | |||||
| Net Debt Issued (Repaid) | 2.30B | |||||
| Issuance of Common Stock | 226.03M | 172.25M | 121.94M | 118.43M | 80.82M | 179.26M |
| Repurchase of Common Stock | -1.39B | -1.55B | -2.42B | -972.53M | -184.65M | |
| Other Financing Activities | -12.89M | -11.24M | -226.98M | 11.20M | -1.06M | |
| Financing Cash Flow | -1.18B | -1.39B | -226.52M | -854.10M | -92.62M | 178.20M |
| Foreign Exchange Rate Adjustments | -74.00K | 16.83M | -6.19M | -2.03M | -933.00K | -236.00K |
| Net Cash Flow | -209.15M | 165.62M | 917.70M | 824.25M | -145.80M | 267.34M |
| Free Cash Flow | 1.20B | 1.12B | 913.49M | 813.04M | 520.51M | 93.96M |
| Free Cash Flow Margin | 21.99% | 23.92% | 25.19% | 28.97% | 25.20% | 7.71% |
| Free Cash Flow Per Share | 3.47 | 3.32 | 2.75 | 2.48 | 1.63 | 0.31 |
| Levered Free Cash Flow | 1.74B | 1.66B | 1.30B | 1.10B | 773.52M | 412.66M |
| Unlevered Free Cash Flow | 1.74B | 1.65B | 1.30B | 1.10B | 773.52M | 412.66M |
| Cash Income Tax Paid | 13.32M | 13.32M | 15.70M | 12.50M | 6.55M | 1.48M |
| Change in Working Capital | 174.85M | 383.76M | 443.59M | 390.72M | 289.53M | 68.43M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 103.21B | 65.94B | 59.92B | 64.42B | 50.31B | 84.51B |
| Enterprise Value | 101.63B | 64.22B | 57.47B | 60.20B | 45.69B | 79.61B |
| Last Close Price | 306.08 | 192.70 | 181.51 | 195.64 | 156.44 | 275.90 |
| Forward PE | 116.26 | 133.96 | 208.99 | 209.35 | ||
| PS Ratio | 19.85 | 14.08 | 16.52 | 22.95 | 24.36 | 69.31 |
| PB Ratio | 50.18 | 34.27 | 19.93 | 12.41 | 9.20 | 16.74 |
| P/TBV Ratio | 3,047.79 | 162.30 | 38.90 | 16.91 | 10.96 | 16.91 |
| P/FCF Ratio | 90.25 | 58.86 | 65.59 | 79.24 | 96.66 | 899.42 |
| P/OCF Ratio | 86.08 | 53.97 | 62.43 | 75.96 | 92.21 | 767.01 |
| PEG Ratio | 3.11 | 2.92 | 8.38 | 3.44 | 2.05 | |
| EV/Sales Ratio | 19.56 | 13.71 | 15.85 | 21.45 | 22.12 | 65.29 |
| EV/FCF Ratio | 88.94 | 57.33 | 62.91 | 74.04 | 87.78 | 847.29 |
| Debt / Equity Ratio | 1.29 | 1.43 | 0.89 | 0.06 | 0.05 | 0.04 |
| Debt / FCF Ratio | 2.31 | 2.45 | 2.94 | 0.35 | 0.48 | 2.20 |
| Net Debt / Equity Ratio | -0.73 | -1.06 | -0.87 | -0.86 | -0.88 | -0.97 |
| Net Debt / EBITDA Ratio | 1.52 | 1.74 | 1.96 | 4.54 | 6.16 | 7.03 |
| Net Debt / FCF Ratio | -1.32 | -1.82 | -2.86 | -5.50 | -9.28 | -52.17 |
| Asset Turnover | 0.64 | 0.52 | 0.42 | 0.35 | 0.29 | 0.19 |
| Quick Ratio | 0.83 | 1.21 | 1.69 | 1.76 | 2.38 | 3.16 |
| Current Ratio | 0.94 | 1.30 | 1.78 | 1.84 | 2.50 | 3.29 |
| Return on Equity (ROE) | -48.06% | -53.91% | -31.45% | -15.72% | -15.17% | -13.62% |
| Return on Assets (ROA) | -9.02% | -9.13% | -10.55% | -8.53% | -7.28% | -7.11% |
| Return on Capital Employed (ROCE) | -24.50% | -28.20% | -25.40% | -19.80% | -14.60% | -13.60% |
| Earnings Yield | -1.08% | -2.02% | -2.15% | -1.30% | -1.58% | -0.80% |
| FCF Yield | 1.11% | 1.70% | 1.52% | 1.26% | 1.03% | 0.11% |
| Buyback Yield / Dilution | -3.43% | -1.44% | -1.44% | -2.91% | -6.15% | -112.04% |