SNOW · Snowflake Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $1.21B | $1.14B | $828.71M | $942.09M | $868.82M | $623.60M | $734.17M | $674.02M | - |
| Cost of Revenue | $348.79M | $390.87M | $371.81M | $272.52M | $320.89M | $288.08M | $209.41M | $228.95M | $218.39M | - |
| Gross Profit | $693.29M | $822.04M | $773.15M | $556.19M | $621.20M | $580.75M | $414.19M | $505.23M | $455.63M | - |
| R&D | $472.40M | $494.03M | $492.00M | $410.79M | $442.44M | $437.66M | $277.41M | $332.06M | $314.00M | - |
| SG&A | $209.59M | $107.12M | $119.47M | $93.15M | $106.26M | $97.76M | $78.45M | $78.70M | $83.75M | - |
| Total Operating Expenses | $1.14B | $1.15B | $1.11B | $904.76M | $986.66M | $936.05M | $687.42M | $765.85M | $741.03M | - |
| D&A | $48.80M | $29.10M | $27.00M | $40.22M | $23.00M | $21.20M | $23.16M | $10.00M | $8.50M | - |
| Operating Income | ($447.26M) | ($329.47M) | ($340.28M) | ($348.57M) | ($365.46M) | ($355.30M) | ($273.24M) | ($260.62M) | ($285.41M) | - |
| Interest Expense | $0 | $2.08M | $0 | - | $0 | - | - | - | - | - |
| Income Tax | $5.73M | $3.68M | $62.0K | $2.72M | $1.94M | $3.79M | ($6.61M) | $3.39M | ($3.72M) | - |
| Net Income | ($430.09M) | ($293.96M) | ($298.02M) | ($316.99M) | ($324.28M) | ($316.90M) | ($225.63M) | ($214.25M) | ($226.87M) | - |
| EPS - Basic | ($1.29) | ($0.87) | ($0.89) | ($0.95) | ($0.98) | ($0.95) | ($0.70) | ($0.65) | ($0.69) | - |
| EPS - Diluted | ($1.29) | ($0.87) | ($0.89) | ($0.95) | ($0.98) | ($0.95) | ($0.70) | ($0.65) | ($0.69) | - |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.83B | $1.94B | $1.88B | $2.63B | $2.15B | $1.28B | $1.76B | $982.18M | $755.19M | $939.90M |
| Accounts Receivable | $1.30B | $938.14M | $646.68M | $922.80M | $596.35M | $431.60M | $926.90M | $511.03M | $406.40M | $715.82M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $145.56M | $193.69M | $166.79M | $169.77M | $148.92M | $134.54M | $51.72M | $75.46M | $41.25M | $23.67M |
| Current Assets | $5.74B | $4.62B | $4.60B | $5.87B | $4.98B | $3.90B | $5.04B | $4.31B | $4.40B | $4.98B |
| Total Assets | $9.13B | $8.23B | $8.20B | $9.03B | $8.20B | $6.94B | $8.22B | $7.26B | $7.51B | $7.72B |
| Current Liabilities | $4.42B | $3.38B | $3.10B | $3.30B | $2.65B | $2.46B | $2.73B | $2.03B | $1.91B | $1.99B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $7.21B | $6.10B | $5.82B | $6.03B | $5.27B | $2.81B | $3.03B | $2.32B | $2.21B | $2.25B |
| Stockholders' Equity | $1.92B | $2.13B | $2.37B | $3.00B | $2.93B | $4.13B | $5.18B | $4.93B | $5.29B | $5.46B |
| Retained Earnings | ($9.49B) | ($9.03B) | ($8.51B) | ($7.29B) | ($6.97B) | ($5.63B) | ($4.08B) | ($3.91B) | ($3.29B) | ($2.72B) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $228.37M | - | - | $355.47M | - | - | $299.44M | - | - | - |
| Investing Cash Flow | ($55.98M) | - | - | ($151.18M) | - | - | ($362.21M) | - | - | - |
| Financing Cash Flow | ($564.06M) | - | - | ($633.50M) | - | - | ($223.66M) | - | - | - |
| CapEx | $44.99M | - | - | $16.52M | - | - | $6.97M | - | - | - |
| Free Cash Flow | $183.38M | - | - | $338.95M | - | - | $292.47M | - | - | - |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 66.5% | 67.8% | 67.5% | 67.1% | 65.9% | 66.8% | 66.4% | 68.8% | 67.6% | - |
| Operating margin | -42.9% | -27.2% | -29.7% | -42.1% | -38.8% | -40.9% | -43.8% | -35.5% | -42.3% | - |
| EBITDA margin | -38.2% | -24.8% | -27.4% | -37.2% | -36.4% | -38.5% | -40.1% | -34.1% | -41.1% | - |
| Net margin | -41.3% | -24.2% | -26.0% | -38.3% | -34.4% | -36.5% | -36.2% | -29.2% | -33.7% | - |
| Free cash flow margin | 17.6% | - | - | 40.9% | - | - | 46.9% | - | - | - |
| FCF / Net income | -0.43 | - | - | -1.07 | - | - | -1.30 | - | - | - |
| R&D / Revenue | 45.3% | 40.7% | 43.0% | 49.6% | 47.0% | 50.4% | 44.5% | 45.2% | 46.6% | - |
| SG&A / Revenue | 20.1% | 8.8% | 10.4% | 11.2% | 11.3% | 11.3% | 12.6% | 10.7% | 12.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.7% | -3.6% | -3.6% | -3.5% | -4.0% | -4.6% | -2.7% | -2.9% | -3.0% | - |
| Return on equity | -22.4% | -13.8% | -12.6% | -10.6% | -11.1% | -7.7% | -4.4% | -4.3% | -4.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.30 | 1.37 | 1.48 | 1.78 | 1.88 | 1.58 | 1.85 | 2.12 | 2.30 | 2.50 |
| Quick ratio | 1.30 | 1.37 | 1.48 | 1.78 | 1.88 | 1.58 | 1.85 | 2.12 | 2.30 | 2.50 |
| Cash ratio | 0.64 | 0.57 | 0.61 | 0.80 | 0.81 | 0.52 | 0.65 | 0.48 | 0.39 | 0.47 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -158.8x | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.75 | 3.86 | 3.45 | 3.01 | 2.80 | 1.68 | 1.59 | 1.47 | 1.42 | 1.42 |
| Liabilities / Assets | 0.79 | 0.74 | 0.71 | 0.67 | 0.64 | 0.40 | 0.37 | 0.32 | 0.29 | 0.29 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | 0.15 | 0.14 | 0.09 | 0.11 | 0.13 | 0.08 | 0.10 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 457d | 282d | 206d | 406d | 231d | 181d | 543d | 254d | 220d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 152d | 181d | 164d | 227d | 169d | 170d | 90d | 120d | 69d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | 42.8x | 31.5x | - | - | - | 12.2x | 9.7x | 11.0x | - |
| P / S | - | 75.2x | 65.2x | - | - | - | 101.7x | 65.1x | 86.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 25.7% | 28.7% | 31.8% | 32.9% | 28.3% | 28.9% | - | 31.8% | 35.5% | - |
| Revenue CAGR (3y) | - | 29.6% | 32.1% | 96.7% | 41.2% | 47.2% | - | 115.8% | - | - |
| Revenue CAGR (5y) | - | 75.4% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 24.6% | 32.3% | 33.1% | 34.3% | 23.0% | 27.5% | - | 37.9% | 40.6% | - |
| Operating income growth (YoY) | -28.3% | 9.8% | 4.2% | -27.6% | -40.2% | -24.5% | - | -26.5% | -37.4% | - |
| Net income growth (YoY) | -35.7% | 9.4% | 6.0% | -40.5% | -51.4% | -39.7% | - | -6.6% | -1.8% | - |
| EPS growth (YoY) | -35.8% | 11.2% | 6.3% | -35.7% | -50.8% | -37.7% | - | -3.2% | 1.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -45.9% | - | - | 15.9% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -35.9% | -27.2% | -42.5% | -42.1% | -40.6% | -21.9% | -5.1% | -8.9% | -2.6% | 8.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$4.68B totalReportable Segment$4.68B · 100.0%
Product / service
$4.68B totalProduct$4.47B · 95.5%
Professional Services And Other$211.63M · 4.5%
Geographic
$4.68B totalUS$3.52B · 75.2%
EMEA$763.65M · 16.3%
Asia Pacific And Japan$271.04M · 5.8%
Other Americas$125.28M · 2.7%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Snowflake Inc. against the 5 most active filers in the same SIC group.