Snowflake (SNOW) Financials

$221.17 -3.36 (-1.50%)

Closing price 03:59 PM Eastern

Extended Trading

$220.75 -0.42 (-0.19%)

As of 06:06 PM Eastern

Annual Income Statements for Snowflake

This table shows Snowflake's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-178	-349	-539	-680	-797	-836	-1,286
Consolidated Net Income / (Loss)	-178	-349	-539	-680	-798	-838	-1,289
Net Income / (Loss) Continuing Operations	-178	-349	-539	-680	-798	-838	-1,289
Total Pre-Tax Income	-177	-348	-537	-677	-816	-849	-1,285
Total Operating Income	-185	-358	-544	-715	-842	-1,095	-1,456
Total Gross Profit	45	148	349	761	1,348	1,908	2,412
Total Revenue	97	265	592	1,219	2,066	2,806	3,626
Operating Revenue	97	265	592	1,219	2,066	2,806	3,626
Total Cost of Revenue	52	117	243	458	718	899	1,215
Operating Cost of Revenue	52	117	243	458	718	899	1,215
Total Operating Expenses	230	506	893	1,476	2,190	3,003	3,868
Selling, General & Admin Expense	36	108	176	265	296	323	412
Marketing Expense	126	294	479	744	1,107	1,392	1,672
Research & Development Expense	69	105	238	467	788	1,288	1,783
Total Other Income / (Expense), net	8.26	11	6.90	38	26	246	171
Interest Expense	-	-	-	-	0.00	0.00	2.76
Interest & Investment Income	8.76	12	7.51	9.13	74	201	209
Other Income / (Expense), net	-0.50	-1.01	-0.61	29	-48	45	-35
Income Tax Expense	0.82	0.99	2.06	2.99	-18	-11	4.11
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-0.82	-1.89	-3.57
Basic Earnings per Share	($4.67)	($7.77)	($3.81)	($2.26)	($2.50)	($2.55)	($3.86)
Weighted Average Basic Shares Outstanding	38.16M	44.85M	141.61M	300.27M	318.73M	328.00M	332.71M
Diluted Earnings per Share	($4.67)	($7.77)	($3.81)	($2.26)	($2.50)	($2.55)	($3.86)
Weighted Average Diluted Shares Outstanding	38.16M	44.85M	141.61M	300.27M	318.73M	328.00M	332.71M
Weighted Average Basic & Diluted Shares Outstanding	38.16M	44.85M	141.61M	314.60M	325M	334.20M	334.10M

This table shows Snowflake's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-207	-226	-227	-214	-169	-317	-317	-324	-327	-430	-298
Consolidated Net Income / (Loss)	-207	-226	-227	-215	-170	-318	-318	-328	-326	-430	-298
Net Income / (Loss) Continuing Operations	-207	-226	-227	-215	-170	-318	-318	-328	-326	-430	-298
Total Pre-Tax Income	-207	-233	-231	-211	-174	-315	-314	-326	-330	-424	-298
Total Operating Income	-240	-273	-285	-261	-276	-349	-355	-365	-387	-447	-340
Total Gross Profit	383	414	456	505	533	556	581	621	654	693	773
Total Revenue	589	624	674	734	775	829	869	942	987	1,042	1,145
Operating Revenue	589	624	674	734	775	829	869	942	987	1,042	1,145
Total Cost of Revenue	206	209	218	229	242	273	288	321	333	349	372
Operating Cost of Revenue	206	209	218	229	242	273	288	321	333	349	372
Total Operating Expenses	623	687	741	766	808	905	936	987	1,040	1,141	1,113
Selling, General & Admin Expense	78	78	84	79	82	93	98	106	115	210	119
Marketing Expense	303	332	343	355	362	401	401	438	433	459	502
Research & Development Expense	242	277	314	332	364	411	438	442	492	472	492
Total Other Income / (Expense), net	33	41	54	49	101	33	41	39	57	23	42
Interest Expense	-	-	-	0.00	-	0.00	0.00	0.69	-	2.07	2.07
Interest & Investment Income	36	43	50	53	54	55	49	49	56	53	49
Other Income / (Expense), net	-2.89	-2.56	4.09	-4.17	48	-21	-7.95	-8.47	2.38	-28	-4.99
Income Tax Expense	0.37	-6.61	-3.72	3.39	-4.30	2.72	3.79	1.94	-4.33	5.73	0.06
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.32	-0.44	-0.45	-0.44	-0.56	-0.83	-0.87	-3.62	1.75	0.14	0.09
Basic Earnings per Share	($0.64)	($0.70)	($0.69)	($0.65)	($0.51)	($0.95)	($0.95)	($0.98)	($0.98)	($1.29)	($0.89)
Weighted Average Basic Shares Outstanding	318.73M	0.00	0.00	0.00	328.00M	0.00	334.07M	0.00	332.71M	0.00	335.22M
Diluted Earnings per Share	($0.64)	($0.70)	($0.69)	($0.65)	($0.51)	($0.95)	($0.95)	($0.98)	($0.98)	($1.29)	($0.89)
Weighted Average Diluted Shares Outstanding	318.73M	0.00	0.00	0.00	328.00M	0.00	334.07M	0.00	332.71M	0.00	335.22M
Weighted Average Basic & Diluted Shares Outstanding	325M	325.90M	329.70M	329.30M	334.20M	334.80M	335.20M	330.10M	334.10M	333.70M	338.80M

This table details how cash moves in and out of Snowflake's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Net Change in Cash & Equivalents	-93	19	693	267	-146	824	918
Net Cash From Operating Activities	-144	-177	-45	110	546	848	960
Net Cash From Continuing Operating Activities	-144	-177	-45	110	546	848	960
Net Income / (Loss) Continuing Operations	-178	-349	-539	-680	-798	-838	-1,289
Consolidated Net Income / (Loss)	-178	-349	-539	-680	-798	-838	-1,289
Depreciation Expense	1.36	3.52	9.83	21	64	120	183
Amortization Expense	0.66	12	37	86	61	13	52
Non-Cash Adjustments To Reconcile Net Income	26	108	340	615	956	1,189	1,578
Changes in Operating Assets and Liabilities, net	6.44	49	107	68	263	364	436
Net Cash From Investing Activities	-363	138	-4,037	-21	-598	832	191
Net Cash From Continuing Investing Activities	-363	138	-4,037	-21	-598	832	191
Purchase of Property, Plant & Equipment	-4.02	-23	-40	-29	-49	-69	-76
Acquisitions	0.00	-6.31	-14	-24	-363	-304	-30
Purchase of Investments	-738	-623	-4,860	-4,250	-3,901	-2,476	-2,570
Sale and/or Maturity of Investments	380	791	878	4,283	3,716	3,682	2,867
Net Cash From Financing Activities	414	57	4,775	178	-93	-854	-227
Net Cash From Continuing Financing Activities	414	57	4,775	178	-93	-854	-227
Repayment of Debt	-	0.00	2.09	-	0.00	0.00	-31
Repurchase of Common Equity	-30	-0.39	-	0.00	0.00	-592	-1,932
Issuance of Debt	0.00	-	-	-	0.00	0.00	2,300
Issuance of Common Equity	0.00	0.00	4,242	52	54	61	77
Other Financing Activities, net	5.02	34	52	126	-147	-324	-640
Effect of Exchange Rate Changes	-	0.00	-0.01	-0.24	-0.93	-2.03	-6.19
Cash Income Taxes Paid	0.24	1.43	1.20	1.48	6.55	12	16

This table details how cash moves in and out of Snowflake's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Change in Cash & Equivalents	121	-286	103	227	781	-432	-36	853	532	-379	-359
Net Cash From Operating Activities	217	299	83	121	345	355	70	102	433	228	75
Net Cash From Continuing Operating Activities	217	299	83	121	345	355	70	102	433	228	75
Net Income / (Loss) Continuing Operations	-207	-226	-227	-215	-170	-318	-318	-328	-326	-430	-298
Consolidated Net Income / (Loss)	-207	-226	-227	-215	-170	-318	-318	-328	-326	-430	-298
Depreciation Expense	20	23	29	32	35	40	45	47	50	49	55
Amortization Expense	7.09	2.34	0.52	2.64	7.77	11	10	15	17	20	30
Non-Cash Adjustments To Reconcile Net Income	266	290	309	316	274	367	378	390	444	528	430
Changes in Operating Assets and Liabilities, net	132	210	-28	-16	198	255	-45	-22	248	61	-141
Net Cash From Investing Activities	-65	-362	101	571	523	-151	384	-267	225	-56	-299
Net Cash From Continuing Investing Activities	-65	-362	101	571	523	-151	384	-267	225	-56	-299
Purchase of Property, Plant & Equipment	-12	-16	-14	-19	-20	-24	-11	-23	-17	-45	-17
Purchase of Investments	-1,105	-1,037	-689	-369	-381	-1,079	-196	-1,014	-280	-1,013	-636
Sale and/or Maturity of Investments	1,062	814	973	975	920	952	601	779	536	1,002	519
Net Cash From Financing Activities	-40	-224	-82	-460	-89	-633	-491	1,018	-120	-564	-134
Net Cash From Continuing Financing Activities	-40	-224	-82	-460	-89	-633	-491	1,018	-120	-564	-134
Other Financing Activities, net	-40	-69	-82	-84	-89	-164	-91	-265	-120	-127	-134
Effect of Exchange Rate Changes	8.46	0.54	0.47	-5.60	2.56	-2.63	0.72	0.78	-5.06	12	-0.18

This table presents Snowflake's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Total Assets	1,013	5,922	6,650	7,722	8,223	9,034
Total Current Assets	665	4,301	4,599	4,985	5,039	5,869
Cash & Equivalents	127	820	1,086	940	1,763	2,629
Short-Term Investments	307	3,088	2,766	3,068	2,083	2,009
Accounts Receivable	179	294	546	716	927	923
Prepaid Expenses	25	66	150	193	180	211
Other Current Assets	26	32	51	68	86	98
Plant, Property, & Equipment, net	27	69	105	161	247	296
Total Noncurrent Assets	320	1,552	1,946	2,577	2,937	2,868
Long-Term Investments	24	1,165	1,256	1,073	916	656
Goodwill	7.05	8.45	8.45	657	976	1,057
Intangible Assets	4.80	16	37	186	331	278
Other Noncurrent Operating Assets	285	362	644	660	713	877
Total Liabilities & Shareholders' Equity	1,013	5,922	6,650	7,722	8,223	9,034
Total Liabilities	621	985	1,601	2,254	3,033	6,027
Total Current Liabilities	416	789	1,397	1,994	2,731	3,301
Accounts Payable	8.49	5.65	13	24	52	170
Accrued Expenses	63	125	201	269	447	515
Current Deferred Revenue	327	639	1,158	1,673	2,199	2,580
Other Current Liabilities	18	20	25	27	34	36
Total Noncurrent Liabilities	205	196	204	260	302	2,726
Long-Term Debt	-	-	-	-	0.00	2,272
Noncurrent Deferred Revenue	2.91	4.19	11	11	14	16
Other Noncurrent Operating Liabilities	202	192	192	249	287	439
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-545	4,936	5,049	5,469	5,191	3,007
Total Preferred & Common Equity	-545	4,936	5,049	5,456	5,180	3,000
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-545	4,936	5,049	5,456	5,180	3,000
Common Stock	155	6,175	6,985	8,211	9,331	10,355
Retained Earnings	-700	-1,239	-1,919	-2,716	-4,076	-7,294
Treasury Stock	-	-	-	0.00	-67	-60
Accumulated Other Comprehensive Income / (Loss)	0.22	0.44	-16	-38	-8.22	-2.24
Noncontrolling Interest	-	-	0.00	12	10	6.71

This table presents Snowflake's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	4/30/2022	7/31/2022	10/31/2022	4/30/2023	7/31/2023	10/31/2023	4/30/2024	7/31/2024	10/31/2024	4/30/2025	7/31/2025
Total Assets	7,023	7,064	7,156	7,447	7,510	7,264	7,298	6,944	8,202	8,157	8,197
Total Current Assets	4,342	4,504	4,559	4,570	4,405	4,312	4,143	3,898	4,984	4,786	4,596
Cash & Equivalents	1,063	907	819	653	755	982	1,330	1,282	2,149	2,243	1,881
Short-Term Investments	2,752	3,046	3,124	3,293	2,997	2,566	2,201	1,948	2,008	1,668	1,706
Accounts Receivable	278	305	394	353	406	511	346	432	596	531	647
Prepaid Expenses	195	188	160	202	174	178	181	149	141	241	233
Other Current Assets	54	58	62	69	72	75	85	87	90	104	130
Plant, Property, & Equipment, net	119	130	146	176	194	216	264	265	278	290	283
Total Noncurrent Assets	2,562	2,430	2,451	2,701	2,911	2,736	2,891	2,781	2,940	3,081	3,318
Long-Term Investments	1,212	1,087	943	1,091	1,101	948	928	697	893	956	1,013
Goodwill	503	503	649	711	774	784	976	984	991	1,057	1,175
Intangible Assets	182	172	196	256	346	330	308	287	269	254	285
Other Noncurrent Operating Assets	666	669	662	642	690	674	679	813	788	814	844
Total Liabilities & Shareholders' Equity	7,023	7,064	7,156	7,447	7,510	7,264	7,298	6,944	8,202	8,157	8,197
Total Liabilities	1,565	1,638	1,732	2,149	2,212	2,324	2,730	2,806	5,268	5,743	5,817
Total Current Liabilities	1,364	1,401	1,479	1,888	1,913	2,033	2,429	2,465	2,647	3,031	3,096
Accounts Payable	18	20	25	22	41	75	64	135	149	155	167
Accrued Expenses	185	210	225	276	315	318	398	449	485	528	623
Current Deferred Revenue	1,133	1,145	1,200	1,560	1,523	1,606	1,936	1,848	1,975	2,310	2,268
Other Current Liabilities	27	27	29	29	34	33	31	33	38	37	38
Total Noncurrent Liabilities	201	236	253	261	298	291	302	342	2,621	2,712	2,721
Long-Term Debt	-	-	-	-	-	-	-	-	2,269	2,274	2,276
Noncurrent Deferred Revenue	10	8.79	7.33	14	12	12	15	12	12	14	12
Other Noncurrent Operating Liabilities	191	228	246	247	286	279	287	329	339	425	434
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,458	5,426	5,423	5,298	5,298	4,941	4,568	4,138	2,934	2,415	2,380
Total Preferred & Common Equity	5,458	5,426	5,411	5,286	5,287	4,930	4,558	4,129	2,929	2,408	2,373
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	5,458	5,426	5,411	5,286	5,287	4,930	4,558	4,129	2,929	2,408	2,373
Common Stock	7,590	7,782	7,989	8,450	8,679	8,932	9,547	9,823	9,964	10,672	10,939
Retained Earnings	-2,085	-2,308	-2,509	-3,065	-3,292	-3,906	-4,909	-5,626	-6,970	-8,215	-8,512
Treasury Stock	-	-	-	-68	-68	-68	-64	-63	-61	-58	-57
Accumulated Other Comprehensive Income / (Loss)	-47	-48	-69	-31	-32	-27	-16	-5.38	-2.76	8.17	2.78
Noncontrolling Interest	-	-	12	12	11	11	9.46	8.59	4.96	6.85	6.94

This table displays calculated financial ratios and metrics derived from Snowflake's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	173.88%	123.63%	105.95%	69.41%	35.86%	29.21%
EBITDA Growth	0.00%	-87.04%	-44.53%	-16.38%	-32.25%	-19.78%	-37.05%
EBIT Growth	0.00%	-93.10%	-51.65%	-25.99%	-29.70%	-17.99%	-42.05%
NOPAT Growth	0.00%	-93.08%	-51.90%	-31.46%	-17.79%	-29.98%	-33.00%
Net Income Growth	0.00%	-95.78%	-54.68%	-26.13%	-17.29%	-5.07%	-53.85%
EPS Growth	0.00%	-66.38%	50.97%	40.68%	-10.62%	-2.00%	-51.37%
Operating Cash Flow Growth	0.00%	-22.63%	74.28%	342.59%	395.23%	55.44%	13.16%
Free Cash Flow Firm Growth	0.00%	0.00%	-67.62%	-86.65%	-79.29%	22.18%	28.69%
Invested Capital Growth	0.00%	0.00%	-107.80%	56.71%	754.33%	10.40%	-103.73%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	18.84%	11.03%	7.09%	6.21%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	11.63%	-16.95%	3.23%	-11.75%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	8.84%	-14.06%	1.38%	-11.71%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	6.34%	-11.63%	-3.38%	-8.27%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	8.94%	-10.43%	4.29%	-13.75%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-39.51%	-10.13%	4.85%	-13.86%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	57.88%	116.48%	33.99%	17.65%	10.11%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	10.76%	-24.41%	11.66%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	38.28%	-27.84%	-3.68%	-110.37%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	46.46%	55.97%	59.03%	62.40%	65.26%	67.98%	66.50%
EBITDA Margin	-190.29%	-129.95%	-83.99%	-47.46%	-37.05%	-32.66%	-34.65%
Operating Margin	-191.86%	-135.26%	-91.87%	-58.64%	-40.77%	-39.01%	-40.15%
EBIT Margin	-192.38%	-135.64%	-91.98%	-56.27%	-43.08%	-37.41%	-41.12%
Profit (Net Income) Margin	-184.17%	-131.65%	-91.06%	-55.76%	-38.61%	-29.86%	-35.55%
Tax Burden Percent	100.46%	100.29%	100.38%	100.44%	97.74%	98.68%	100.32%
Interest Burden Percent	95.29%	96.78%	98.62%	98.67%	91.70%	80.89%	86.17%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-358.99%	-187.88%	-494.68%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-354.91%	-186.43%	-487.75%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	343.83%	172.16%	463.23%
Return on Equity (ROE)	0.00%	-88.98%	-20.24%	-13.62%	-15.17%	-15.72%	-31.45%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-267.35%	-197.77%	0.00%
Operating Return on Assets (OROA)	0.00%	-35.46%	-15.71%	-10.92%	-12.38%	-13.17%	-17.28%
Return on Assets (ROA)	0.00%	-34.42%	-15.55%	-10.82%	-11.10%	-10.51%	-14.94%
Return on Common Equity (ROCE)	0.00%	123.74%	-16.68%	-13.62%	-15.15%	-15.69%	-31.39%
Return on Equity Simple (ROE_SIMPLE)	0.00%	63.98%	-10.92%	-13.47%	-14.62%	-16.18%	-42.97%
Net Operating Profit after Tax (NOPAT)	-130	-251	-381	-501	-590	-766	-1,019
NOPAT Margin	-134.30%	-94.68%	-64.31%	-41.05%	-28.54%	-27.31%	-28.11%
Net Nonoperating Expense Percent (NNEP)	0.00%	-42.78%	-5.73%	-3.52%	-4.08%	-1.46%	-6.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-10.78%	-14.76%	-19.31%
Cost of Revenue to Revenue	53.54%	44.03%	40.97%	37.60%	34.74%	32.02%	33.50%
SG&A Expenses to Revenue	37.30%	40.62%	29.75%	21.74%	14.32%	11.51%	11.37%
R&D to Revenue	71.05%	39.72%	40.19%	38.29%	38.15%	45.89%	49.18%
Operating Expenses to Revenue	238.32%	191.23%	150.90%	121.04%	106.04%	106.99%	106.66%
Earnings before Interest and Taxes (EBIT)	-186	-359	-545	-686	-890	-1,050	-1,491
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-184	-344	-497	-579	-765	-917	-1,256
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	15.62	16.74	9.22	12.44	19.97
Price to Tangible Book Value (P/TBV)	0.00	0.00	15.70	16.89	10.91	16.63	35.98
Price to Revenue (P/Rev)	0.00	0.00	130.28	69.31	24.36	22.96	16.52
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	116.69	139.41	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	121.71	65.12	21.90	21.26	15.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	720.64	82.92	70.36	59.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.76
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.76
Financial Leverage	0.00	-1.17	-1.04	-1.02	-0.97	-0.92	-0.95
Leverage Ratio	0.00	2.59	1.30	1.26	1.37	1.50	2.11
Compound Leverage Factor	0.00	2.50	1.28	1.24	1.25	1.21	1.81
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	43.04%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	43.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	239.07%	0.00%	0.00%	0.22%	0.20%	0.13%
Common Equity to Total Capital	0.00%	-139.07%	100.00%	100.00%	99.78%	99.80%	56.84%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-1.81
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	2.41
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-1.81
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-2.23
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	2.97
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-2.23
Altman Z-Score	0.00	0.00	47.19	31.69	13.25	12.31	5.03
Noncontrolling Interest Sharing Ratio	0.00%	239.07%	17.58%	0.00%	0.12%	0.21%	0.21%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.60	5.45	3.29	2.50	1.85	1.78
Quick Ratio	0.00	1.47	5.32	3.15	2.37	1.75	1.68
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-185	-310	-578	-1,037	-807	-575
Operating Cash Flow to CapEx	-3,585.21%	-772.75%	-112.61%	380.02%	1,110.38%	1,225.27%	1,267.65%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-208.48
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	347.87
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	320.42
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.26	0.17	0.19	0.29	0.35	0.42
Accounts Receivable Turnover	0.00	1.48	2.50	2.90	3.28	3.42	3.92
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	9.76	12.32	14.01	15.54	13.75	13.34
Accounts Payable Turnover	0.00	13.73	34.32	48.03	38.67	23.84	10.97
Days Sales Outstanding (DSO)	0.00	247.41	145.95	125.67	111.45	106.82	93.09
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	26.58	10.63	7.60	9.44	15.31	33.28
Cash Conversion Cycle (CCC)	0.00	220.83	135.32	118.07	102.01	91.51	59.81
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	-66	-137	-59	388	428	-16
Invested Capital Turnover	0.00	-8.04	-5.84	-12.43	12.58	6.88	17.60
Increase / (Decrease) in Invested Capital	0.00	-66	-71	78	447	40	-444
Enterprise Value (EV)	0.00	0.00	72,057	79,400	45,242	59,672	56,901
Market Capitalization	0.00	0.00	77,131	84,508	50,311	64,424	59,916
Book Value per Share	$0.00	($12.15)	$17.44	$16.48	$16.97	$15.73	$9.09
Tangible Book Value per Share	$0.00	($12.41)	$17.35	$16.34	$14.34	$11.76	$5.05
Total Capital	0.00	392	4,936	5,049	5,469	5,191	5,278
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	2,272
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	2,272
Net Debt	0.00	-458	-5,073	-5,108	-5,081	-4,763	-3,023
Capital Expenditures (CapEx)	4.02	23	40	29	49	69	76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-185	-397	-651	-1,017	-1,538	-2,069
Debt-free Net Working Capital (DFNWC)	0.00	249	3,511	3,202	2,991	2,308	2,568
Net Working Capital (NWC)	0.00	249	3,511	3,202	2,991	2,308	2,568
Net Nonoperating Expense (NNE)	48	98	158	179	208	72	270
Net Nonoperating Obligations (NNO)	0.00	-458	-5,073	-5,108	-5,081	-4,763	-3,023
Total Depreciation and Amortization (D&A)	2.03	15	47	107	124	133	235
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-70.00%	-67.00%	-53.35%	-49.22%	-54.81%	-57.07%
Debt-free Net Working Capital to Revenue	0.00%	93.95%	593.09%	262.57%	144.80%	82.24%	70.82%
Net Working Capital to Revenue	0.00%	93.95%	593.09%	262.57%	144.80%	82.24%	70.82%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($3.81)	($2.26)	($2.50)	($2.55)	($3.86)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	288.70M	300.27M	318.73M	328.00M	332.71M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($3.81)	($2.26)	($2.50)	($2.55)	($3.86)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	288.70M	300.27M	318.73M	328.00M	332.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($3.81)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	141.61M	314.60M	325M	334.20M	334.10M
Normalized Net Operating Profit after Tax (NOPAT)	-130	-251	-381	-501	-590	-766	-1,019
Normalized NOPAT Margin	-134.30%	-94.68%	-64.31%	-41.05%	-28.54%	-27.31%	-28.11%
Pre Tax Income Margin	-183.32%	-131.27%	-90.71%	-55.52%	-39.50%	-30.26%	-35.44%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-540.54
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-369.41
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-567.98
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-396.85
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-16.65%	-0.11%	0.00%	0.00%	0.00%	-70.61%	-149.88%

This table displays calculated financial ratios and metrics derived from Snowflake's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	53.48%	47.64%	35.55%	31.80%	31.53%	32.89%	28.90%	28.32%	27.37%	25.75%	31.78%
EBITDA Growth	-105.71%	-50.87%	-28.30%	-22.44%	14.18%	-27.40%	-22.50%	-35.86%	-71.35%	-27.41%	15.32%
EBIT Growth	-82.51%	-39.82%	-21.97%	-20.75%	6.05%	-34.11%	-29.12%	-41.22%	-68.57%	-28.51%	4.95%
NOPAT Growth	-57.70%	-44.75%	-37.39%	-26.50%	-14.91%	-27.57%	-24.49%	-40.22%	-40.35%	-28.31%	4.23%
Net Income Growth	-57.00%	-36.35%	-2.03%	-6.58%	18.11%	-40.59%	-39.79%	-52.73%	-91.70%	-35.28%	6.24%
EPS Growth	-56.10%	-32.08%	1.43%	-3.17%	20.31%	-35.71%	-37.68%	-50.77%	-92.16%	-35.79%	6.32%
Operating Cash Flow Growth	175.44%	62.20%	29.11%	52.51%	58.56%	18.71%	-16.02%	-15.88%	25.58%	-35.75%	7.20%
Free Cash Flow Firm Growth	-234.07%	96.85%	60.72%	88.49%	62.07%	-303.26%	94.96%	138.51%	174.34%	70.93%	-545.41%
Invested Capital Growth	754.33%	-39.21%	15.23%	-17.29%	10.40%	-58.60%	-52.92%	-65.32%	-103.73%	-264.60%	-73.46%
Revenue Q/Q Growth	5.74%	5.87%	8.09%	8.92%	5.52%	6.97%	4.84%	8.43%	4.74%	5.60%	9.87%
EBITDA Q/Q Growth	-15.06%	-15.97%	-0.49%	8.68%	19.36%	-72.16%	3.38%	-1.28%	-1.71%	-28.02%	35.78%
EBIT Q/Q Growth	-10.65%	-13.66%	-2.00%	5.88%	13.91%	-62.25%	1.79%	-2.94%	-2.77%	-23.68%	27.36%
NOPAT Q/Q Growth	-16.37%	-13.97%	-4.45%	8.68%	-5.71%	-26.52%	-1.93%	-2.86%	-5.81%	-15.67%	23.92%
Net Income Q/Q Growth	-3.00%	-8.95%	-0.56%	5.55%	20.86%	-87.05%	0.01%	-3.19%	0.66%	-32.00%	30.71%
EPS Q/Q Growth	-1.59%	-9.38%	1.43%	5.80%	21.54%	-86.27%	0.00%	-3.16%	0.00%	-31.63%	31.01%
Operating Cash Flow Q/Q Growth	174.12%	37.79%	-72.22%	45.34%	185.00%	3.16%	-80.35%	45.58%	325.47%	-47.22%	-67.20%
Free Cash Flow Firm Q/Q Growth	20.93%	96.34%	-1,050.88%	65.38%	-160.44%	61.13%	85.61%	364.38%	402.75%	-115.20%	-219.54%
Invested Capital Q/Q Growth	-27.84%	-32.49%	70.15%	-0.21%	-3.68%	-74.68%	93.49%	-26.50%	-110.37%	-1,016.58%	131.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.08%	66.42%	67.60%	68.82%	68.79%	67.12%	66.84%	65.94%	66.23%	66.53%	67.53%
EBITDA Margin	-36.64%	-40.14%	-37.32%	-31.29%	-23.91%	-38.48%	-35.46%	-33.12%	-32.16%	-38.99%	-22.79%
Operating Margin	-40.70%	-43.82%	-42.34%	-35.50%	-35.56%	-42.06%	-40.89%	-38.79%	-39.19%	-42.92%	-29.72%
EBIT Margin	-41.19%	-44.23%	-41.74%	-36.07%	-29.43%	-44.63%	-41.81%	-39.69%	-38.94%	-45.61%	-30.15%
Profit (Net Income) Margin	-35.23%	-36.25%	-33.73%	-29.24%	-21.93%	-38.35%	-36.57%	-34.81%	-33.01%	-41.26%	-26.02%
Tax Burden Percent	100.18%	97.16%	98.39%	101.61%	97.53%	100.86%	101.21%	100.59%	98.69%	101.35%	100.02%
Interest Burden Percent	85.36%	84.36%	82.13%	79.80%	76.42%	85.19%	86.44%	87.17%	85.89%	89.25%	86.27%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-358.37%	-200.87%	-174.15%	-132.68%	-171.29%	-479.17%	-280.26%	-309.82%	-482.81%	0.00%	-645.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-357.59%	-200.18%	-173.59%	-131.99%	-171.75%	-477.61%	-278.69%	-307.84%	-481.39%	0.00%	-643.52%
Return on Net Nonoperating Assets (RNNOA)	346.42%	187.29%	160.13%	119.49%	158.61%	459.70%	259.34%	284.44%	457.19%	0.00%	617.32%
Return on Equity (ROE)	-11.95%	-13.58%	-14.02%	-13.19%	-12.68%	-19.47%	-20.92%	-25.38%	-25.61%	-40.14%	-28.11%
Cash Return on Invested Capital (CROIC)	-267.35%	-138.65%	-183.19%	-132.10%	-197.77%	-359.73%	-193.07%	-217.57%	0.00%	0.00%	-696.31%
Operating Return on Assets (OROA)	-11.84%	-13.86%	-14.00%	-13.11%	-10.36%	-18.23%	-18.55%	-17.52%	-16.37%	-22.66%	-16.39%
Return on Assets (ROA)	-10.13%	-11.36%	-11.31%	-10.63%	-7.72%	-15.67%	-16.23%	-15.37%	-13.87%	-20.50%	-14.15%
Return on Common Equity (ROCE)	-11.93%	-13.56%	-14.01%	-13.16%	-12.65%	-19.43%	-20.87%	-25.33%	-25.56%	-40.04%	-28.04%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-16.23%	-16.31%	-17.76%	0.00%	-20.40%	-24.71%	-38.69%	0.00%	-58.20%	0.00%
Net Operating Profit after Tax (NOPAT)	-168	-191	-200	-182	-193	-244	-249	-256	-271	-313	-238
NOPAT Margin	-28.49%	-30.67%	-29.64%	-24.85%	-24.89%	-29.44%	-28.63%	-27.15%	-27.43%	-30.04%	-20.80%
Net Nonoperating Expense Percent (NNEP)	-0.78%	-0.69%	-0.56%	-0.69%	0.47%	-1.55%	-1.57%	-1.98%	-1.41%	-3.31%	-1.91%
Return On Investment Capital (ROIC_SIMPLE)	-3.07%	-	-	-	-3.72%	-	-	-	-5.13%	-6.68%	-5.12%
Cost of Revenue to Revenue	34.92%	33.58%	32.40%	31.18%	31.21%	32.88%	33.16%	34.06%	33.77%	33.47%	32.47%
SG&A Expenses to Revenue	13.16%	12.58%	12.43%	10.72%	10.60%	11.24%	11.25%	11.28%	11.66%	20.11%	10.43%
R&D to Revenue	41.11%	44.49%	46.59%	45.23%	47.05%	49.57%	50.37%	46.96%	49.91%	45.33%	42.97%
Operating Expenses to Revenue	105.79%	110.23%	109.94%	104.31%	104.35%	109.18%	107.74%	104.73%	105.42%	109.45%	97.25%
Earnings before Interest and Taxes (EBIT)	-243	-276	-281	-265	-228	-370	-363	-374	-384	-475	-345
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-216	-250	-252	-230	-185	-319	-308	-312	-317	-406	-261
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.22	9.10	10.95	9.71	12.44	11.38	10.57	13.14	19.97	22.13	31.43
Price to Tangible Book Value (P/TBV)	10.91	11.14	13.90	12.54	16.63	15.84	15.27	23.04	35.98	48.55	81.76
Price to Revenue (P/Rev)	24.36	21.23	23.70	18.26	22.96	17.22	13.61	11.27	16.52	13.88	18.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	116.69	164.67	119.18	97.58	139.41	437.58	189.49	231.75	0.00	0.00	1,298.54
Enterprise Value to Revenue (EV/Rev)	21.90	19.01	21.72	16.55	21.26	15.75	12.39	10.46	15.69	13.20	17.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	82.92	65.26	78.14	60.16	70.36	52.45	44.60	40.97	59.29	60.89	86.27
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.77	0.76	0.94	0.96
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.77	0.76	0.94	0.96
Financial Leverage	-0.97	-0.94	-0.92	-0.91	-0.92	-0.96	-0.93	-0.92	-0.95	-1.01	-0.96
Leverage Ratio	1.37	1.35	1.36	1.39	1.50	1.49	1.53	1.96	2.11	2.21	2.32
Compound Leverage Factor	1.17	1.13	1.12	1.11	1.14	1.27	1.32	1.71	1.81	1.98	2.00
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	43.61%	43.04%	48.49%	48.88%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	43.61%	43.04%	48.49%	48.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.22%	0.22%	0.21%	0.22%	0.20%	0.21%	0.21%	0.10%	0.13%	0.15%	0.15%
Common Equity to Total Capital	99.78%	99.78%	99.79%	99.78%	99.80%	99.79%	99.79%	56.29%	56.84%	51.36%	50.97%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.02	-1.81	-1.69	-1.76
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.47	2.41	1.93	1.79
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.02	-1.81	-1.69	-1.76
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.41	-2.23	-2.09	-2.11
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.95	2.97	2.38	2.16
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.41	-2.23	-2.09	-2.11
Altman Z-Score	13.53	13.48	15.70	12.22	12.64	10.98	8.74	3.80	5.44	4.69	6.82
Noncontrolling Interest Sharing Ratio	0.12%	0.11%	0.11%	0.23%	0.21%	0.21%	0.21%	0.20%	0.21%	0.23%	0.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.50	2.42	2.30	2.12	1.85	1.71	1.58	1.88	1.78	1.58	1.48
Quick Ratio	2.37	2.28	2.17	2.00	1.75	1.60	1.49	1.80	1.68	1.47	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-615	-22	-259	-90	-233	-91	-13	34	173	-26	-84
Operating Cash Flow to CapEx	1,802.70%	1,835.84%	587.01%	648.82%	1,714.24%	1,485.88%	633.12%	433.31%	2,503.91%	507.62%	449.42%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.04	0.00	-12.72	-40.58
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	147.61	0.00	110.27	36.11
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	113.55	0.00	88.55	28.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.31	0.34	0.36	0.35	0.41	0.44	0.44	0.42	0.50	0.54
Accounts Receivable Turnover	3.28	7.19	6.87	5.79	3.42	8.62	7.65	6.17	3.92	8.77	7.63
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.54	15.37	15.09	14.47	13.75	13.69	13.98	13.80	13.34	13.86	15.03
Accounts Payable Turnover	38.67	38.32	26.79	17.21	23.84	22.25	11.73	10.01	10.97	11.76	9.12
Days Sales Outstanding (DSO)	111.45	50.76	53.13	63.03	106.82	42.33	47.70	59.19	93.09	41.64	47.81
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	9.44	9.53	13.63	21.21	15.31	16.41	31.11	36.45	33.28	31.03	40.00
Cash Conversion Cycle (CCC)	102.01	41.24	39.50	41.82	91.51	25.92	16.59	22.74	59.81	10.61	7.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	388	262	445	444	428	108	210	154	-16	-178	56
Invested Capital Turnover	12.58	6.55	5.88	5.34	6.88	16.27	9.79	11.41	17.60	-109.69	31.03
Increase / (Decrease) in Invested Capital	447	-169	59	-93	40	-153	-236	-290	-444	-287	-154
Enterprise Value (EV)	45,242	43,101	53,074	43,364	59,672	47,418	39,732	35,712	56,901	50,699	72,265
Market Capitalization	50,311	48,126	57,916	47,849	64,424	51,868	43,651	38,488	59,916	53,286	74,582
Book Value per Share	$16.97	$16.27	$16.22	$14.95	$15.73	$13.64	$12.33	$8.74	$9.09	$7.21	$7.11
Tangible Book Value per Share	$14.34	$13.29	$12.78	$11.57	$11.76	$9.80	$8.54	$4.98	$5.05	$3.28	$2.73
Total Capital	5,469	5,298	5,298	4,941	5,191	4,568	4,138	5,204	5,278	4,688	4,655
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,269	2,272	2,274	2,276
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,269	2,272	2,274	2,276
Net Debt	-5,081	-5,036	-4,853	-4,496	-4,763	-4,459	-3,928	-2,780	-3,023	-2,593	-2,324
Capital Expenditures (CapEx)	12	16	14	19	20	24	11	23	17	45	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,017	-1,264	-1,260	-1,269	-1,538	-1,817	-1,797	-1,820	-2,069	-2,155	-2,087
Debt-free Net Working Capital (DFNWC)	2,991	2,682	2,492	2,280	2,308	1,714	1,433	2,337	2,568	1,755	1,500
Net Working Capital (NWC)	2,991	2,682	2,492	2,280	2,308	1,714	1,433	2,337	2,568	1,755	1,500
Net Nonoperating Expense (NNE)	40	35	28	32	-23	74	69	72	55	117	60
Net Nonoperating Obligations (NNO)	-5,081	-5,036	-4,853	-4,496	-4,763	-4,459	-3,928	-2,780	-3,023	-2,593	-2,324
Total Depreciation and Amortization (D&A)	27	26	30	35	43	51	55	62	67	69	84
Debt-free, Cash-free Net Working Capital to Revenue	-49.22%	-55.74%	-51.58%	-48.42%	-54.81%	-60.33%	-56.05%	-53.31%	-57.07%	-56.13%	-50.70%
Debt-free Net Working Capital to Revenue	144.80%	118.31%	101.96%	86.98%	82.24%	56.93%	44.70%	68.44%	70.82%	45.72%	36.45%
Net Working Capital to Revenue	144.80%	118.31%	101.96%	86.98%	82.24%	56.93%	44.70%	68.44%	70.82%	45.72%	36.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.64)	($0.70)	($0.69)	($0.65)	($0.51)	($0.95)	($0.95)	($0.98)	($0.98)	($1.29)	($0.89)
Adjusted Weighted Average Basic Shares Outstanding	318.73M	324.16M	327.34M	329.31M	328.00M	0.00	0.00	0.00	332.71M	0.00	335.22M
Adjusted Diluted Earnings per Share	($0.64)	($0.70)	($0.69)	($0.65)	($0.51)	($0.95)	($0.95)	($0.98)	($0.98)	($1.29)	($0.89)
Adjusted Weighted Average Diluted Shares Outstanding	318.73M	324.16M	327.34M	329.31M	328.00M	0.00	0.00	0.00	332.71M	0.00	335.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	325M	325.90M	329.70M	329.30M	334.20M	334.80M	335.20M	330.10M	334.10M	333.70M	338.80M
Normalized Net Operating Profit after Tax (NOPAT)	-168	-191	-200	-182	-193	-244	-249	-256	-271	-313	-238
Normalized NOPAT Margin	-28.49%	-30.67%	-29.64%	-24.85%	-24.89%	-29.44%	-28.63%	-27.15%	-27.43%	-30.04%	-20.80%
Pre Tax Income Margin	-35.16%	-37.31%	-34.28%	-28.78%	-22.49%	-38.02%	-36.14%	-34.60%	-33.45%	-40.71%	-26.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-542.72	0.00	-229.51	-166.47
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-371.29	0.00	-151.17	-114.85
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-576.78	0.00	-251.23	-174.51
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-405.36	0.00	-172.90	-122.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-22.35%	-22.23%	-67.58%	-70.61%	-98.56%	-129.03%	-170.49%	-149.88%	-136.06%	-109.06%

Key Financial Trends

Snowflake Inc. (NYSE: SNOW) has demonstrated substantial revenue growth from Q3 2022 through Q2 2026, increasing its operating revenue from approximately $334 million in Q3 2022 to around $1.14 billion in Q2 2026. This reflects a strong top-line expansion, suggesting increasing demand for its cloud data services.

Positive trends:

Consistent revenue growth quarter-over-quarter, with operating revenue rising from $334 million in Q3 2022 to over $1.1 billion in Q2 2026.
Gross profit has improved steadily, indicating better control over cost of revenue; from about $213 million in Q3 2022 to approximately $773 million in Q2 2026.
Cash and equivalents plus short-term investments have increased, reaching over $3.5 billion in Q2 2026, indicating solid liquidity.
Operating cash flow remains positive with $74.9 million generated in Q2 2026, indicating underlying business operations are generating cash despite net losses.
Non-cash adjustments and depreciation/amortization add significant non-cash charges, sometimes inflating net losses but providing more cash flow than net income suggests.
Large changes in operating assets and liabilities demonstrating active working capital management, though sometimes negative impacting cash flow.
Investments and sale of investments balance changes suggest Snowflake is actively managing its investment portfolio with net investing cash outflows but potential returns in the future.
Repurchase of common equity seen mostly in recent quarters, representing a capital return strategy that may support share price.
Strong marketing and R&D expenses indicate ongoing investment in growth and innovation, critical for a technology/cloud company’s competitive positioning.
Interest and investment income partially offset interest expenses, leading to positive net other income, improving overall pre-tax income.

Neutral/Challenging trends:

Net income remains negative throughout, with quarterly losses recurring, highlighting challenges in achieving profitability.
Operating expenses are very high, particularly marketing and R&D, which exceed gross profit and lead to operating losses.
Long-term debt exceeding $2.2 billion might raise leverage and interest burden concerns.
Retained earnings remain deeply negative, reflecting accumulated losses over time.
Negative net change in cash and equivalents in some recent quarters suggests cash burn risk if sustained without strong financing or operational improvement.
Total liabilities have gradually increased, pressuring equity and indicating growing obligations.

Overall, Snowflake shows strong revenue growth and improving cash flows from operations despite sustained net losses from high expenses related to growth investments. The company's financial position features ample liquidity but with a significant debt load and accumulated deficit. Investors should monitor the balance between growth investments and path to profitability, considering the negative but controlled bottom-line results and strong cash generation in operating activities.

09/12/25 04:52 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Snowflake's Financials

When does Snowflake's fiscal year end?

According to the most recent income statement we have on file, Snowflake's financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Snowflake's net income changed over the last 6 years?

Snowflake's net income appears to be on an upward trend, with a most recent value of -$1.29 billion in 2025, rising from -$178.03 million in 2019. The previous period was -$837.99 million in 2024. View Snowflake's forecast to see where analysts expect Snowflake to go next.

What is Snowflake's operating income?

Snowflake's total operating income in 2025 was -$1.46 billion, based on the following breakdown:

Total Gross Profit: $2.41 billion
Total Operating Expenses: $3.87 billion

How has Snowflake's revenue changed over the last 6 years?

Over the last 6 years, Snowflake's total revenue changed from $96.67 million in 2019 to $3.63 billion in 2025, a change of 3,651.5%.

How much debt does Snowflake have?

Snowflake's total liabilities were at $6.03 billion at the end of 2025, a 98.7% increase from 2024, and a 870.6% increase since 2020.

How much cash does Snowflake have?

In the past 5 years, Snowflake's cash and equivalents has ranged from $127.21 million in 2020 to $2.63 billion in 2025, and is currently $2.63 billion as of their latest financial filing in 2025.

How has Snowflake's book value per share changed over the last 6 years?

Over the last 6 years, Snowflake's book value per share changed from 0.00 in 2019 to 9.09 in 2025, a change of 908.8%.

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This page (NYSE:SNOW) was last updated on 9/12/2025 by MarketBeat.com Staff

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Snowflake (SNOW) Financials

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Snowflake (SNOW) Financials

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