Snowflake Inc.
267.05+1.08 (+0.41%)
Oct 28, 4:00:02 PM EDT · NYSE · SNOW · USD
Key Stats
Market Cap
90.48BP/E (TTM)
-Basic EPS (TTM)
-4.15Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Snowflake's Q1 FY2026 revenue surged 32% y/y to $1.1B, with product revenue up 32% y/y to $1.1B, driven by robust consumption from existing customers reflected in a 125% net revenue retention rate. Gross margin held steady at 68%, while operating loss narrowed to $340M from $355M y/y, aided by 33% gross profit growth to $773M. Diluted EPS improved to $(0.89) from $(0.95) y/y, reconciling to 335M diluted shares. Cash and equivalents stood at $1.9B with $4.6B total liquidity, supporting $164M Crunchy Data acquisition in June 2025 (cash, $118M goodwill, $46M developed tech over 5 years). Free cash flow was $58M. Yet competition in cloud data platforms intensifies.
8-K
Snowflake names new CFO Robins
Snowflake appointed Brian Robins as Chief Financial Officer effective September 22, 2025, succeeding retiring CFO Mike Scarpelli, who will aid the transition before shifting to a 12-month advisory role. Robins, ex-CFO of GitLab and Sisense, brings tech finance expertise to steer Snowflake's growth amid AI demands. His package includes $500,000 base salary, 100% target bonus, and $30.5 million in initial RSUs vesting quarterly. Scarpelli's equity vests through his advisory stint. Leadership continuity tempers disruption risks.
8-K
Snowflake Q2 revenue jumps 32%
Snowflake reported Q2 fiscal 2026 product revenue of $1.09 billion, up 32% year-over-year, with net revenue retention at 125% and remaining performance obligations hitting $6.9 billion, also up 33%. Customers surged to 654 with over $1 million in trailing revenue and 751 Forbes Global 2000 accounts. Non-GAAP operating income reached $128 million. Guidance projects Q3 product revenue of $1.125-$1.130 billion; yet, GAAP losses persist amid high R&D spend.
8-K
Snowflake simplifies stock structure
Snowflake stockholders approved an amendment at the July 2, 2025, annual meeting to eliminate Class B common stock and rename Class A to plain 'Common Stock,' effective July 3 upon Delaware filing. Yet they rejected executive pay packages and a board declassification proposal. This simplifies the capital structure while signaling investor pushback on compensation.
10-Q
Q1 FY2026 results
Snowflake's Q1 FY2026 revenue climbed 26% y/y to $1.0B, fueled by steady platform consumption from existing customers, though net revenue retention dipped to 124% amid optimization efforts. Gross margin held firm at 67%, but operating loss widened to $447M from $349M y/y, driven by 15% jumps in R&D and sales expenses plus a $107M impairment on the San Mateo office exit; net loss hit $430M or $1.29/share, versus $317M or $0.95/share last year, with the gap tied to higher stock-based comp and investment losses. Operating cash flow slowed to $228M from $355M y/y, yielding $183M free cash flow after $45M capex (derived). Cash and equivalents stood at $2.2B, backed by $4.9B total liquidity against $2.3B in zero-coupon convertible notes due 2027/2029. Yet competition from cloud giants sharpens, pressuring margins and growth.
IPO
Website
Employees
Sector
Industry
APPN
Appian Corporation
30.67-0.41
CRM
Salesforce, Inc.
254.26-1.21
DDOG
Datadog, Inc.
157.27-0.35
DOMO
Domo, Inc.
14.01+0.06
EXFY
Expensify, Inc.
1.69-0.02
KC
Kingsoft Cloud Holdings Limited
13.31-0.08
NET
Cloudflare, Inc.
223.99-1.12
NOW
ServiceNow, Inc.
937.91-8.38
NOWG
NOWIGENCE INC
0.75+0.00
TDC
Teradata Corporation
21.45+0.08