Snowflake Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Snowflake Inc. reported revenue of $4.7B (+29.2% year on year) and net income of ($1.3B) (-3.6% year on year).
| Line item | Jan 31, 2026 · FY | Jan 31, 2025 · FY | Jan 31, 2024 · FY | Jan 31, 2023 · FY |
|---|---|---|---|---|
| Revenue | $4.7B | $3.6B | $2.8B | $2.1B |
| Cost of revenue | $1.5B | $1.2B | $898.6M | $717.5M |
| Gross profit | $3.1B | $2.4B | $1.9B | $1.3B |
| Sales and marketing | $2.1B | $1.7B | $1.4B | $1.1B |
| Research and development | $2.0B | $1.8B | $1.3B | $788.1M |
| General and administrative | $549.7M | $412.3M | $323.0M | $295.8M |
| Total operating expenses | $4.6B | $3.9B | $3.0B | $2.2B |
| Operating loss | ($1.4B) | ($1.5B) | ($1.1B) | ($842.3M) |
| Interest income | $190.6M | $209.0M | $200.7M | $73.8M |
| Interest expense | ($8.3M) | ($2.8M) | — | — |
| Other income (expense), net | ($59.0M) | ($35.3M) | $44.9M | ($47.6M) |
| Loss before income taxes | ($1.3B) | ($1.3B) | ($849.2M) | ($816.0M) |
| Provision for (benefit from) income taxes | $17.1M | $4.1M | ($11.2M) | ($18.5M) |
| Net loss | ($1.3B) | ($1.3B) | ($838.0M) | ($797.5M) |
| Less: net income (loss) attributable to noncontrolling interest | $2.6M | ($3.6M) | ($1.9M) | ($821.0K) |
| Net loss attributable to Snowflake Inc. | ($1.3B) | ($1.3B) | ($836.1M) | ($796.7M) |
| Net loss per share attributable to Snowflake Inc. common stockholders—basic (in dollars per share) | -$3.95 | -$3.86 | -$2.55 | -$2.50 |
| Net loss per share attributable to Snowflake Inc. common stockholders—diluted (in dollars per share) | -$3.95 | -$3.86 | -$2.55 | -$2.50 |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—basic (in shares) | $337493000.00 | $332707000.00 | $328001000.00 | $318730000.00 |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—diluted (in shares) | $337493000.00 | $332707000.00 | $328001000.00 | $318730000.00 |
| Line item | Jul 31, 2026 · Q2 | Apr 30, 2026 · Q1 | Oct 31, 2025 · Q3 | Jul 31, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.2B | $1.1B |
| Cost of revenue | $510.1M | $464.5M | $390.9M | $371.8M |
| Gross profit | $1.0B | $926.5M | $822.0M | $773.2M |
| Sales and marketing | $611.6M | $589.0M | $550.4M | $502.0M |
| Research and development | $567.5M | $534.9M | $494.0M | $492.0M |
| General and administrative | $120.6M | $128.7M | $107.1M | $119.5M |
| Total operating expenses | $1.3B | $1.3B | $1.2B | $1.1B |
| Operating loss | ($263.0M) | ($326.2M) | ($329.5M) | ($340.3M) |
| Interest income | $42.0M | $41.1M | $45.5M | $49.5M |
| Interest expense | ($2.1M) | ($2.1M) | ($2.1M) | ($2.1M) |
| Other income (expense), net | $34.8M | ($9.6M) | ($1.9M) | ($5.0M) |
| Loss before income taxes | ($188.3M) | ($296.7M) | ($287.9M) | ($297.9M) |
| Provision for income taxes | $3.4M | ($1.1M) | $3.7M | $62.0K |
| Net loss | ($191.7M) | ($295.6M) | ($291.6M) | ($297.9M) |
| Less: net income attributable to noncontrolling interest | $0 | $0 | $2.4M | $87.0K |
| Net loss attributable to Snowflake Inc. | ($191.7M) | ($295.6M) | ($294.0M) | ($298.0M) |
| Net loss per share attributable to Snowflake Inc. common stockholders - basic (in dollars per share) | -$0.55 | -$0.86 | -$0.87 | -$0.89 |
| Net loss per share attributable to Snowflake Inc. common stockholders - diluted (in dollars per share) | -$0.55 | -$0.86 | -$0.87 | -$0.89 |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders - basic (in shares) | $349257000.00 | $345391000.00 | $339648000.00 | $335215000.00 |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders - diluted (in shares) | $349257000.00 | $345391000.00 | $339648000.00 | $335215000.00 |
| Line item | Jan 31, 2026 · FY | Jan 31, 2025 · FY | Jan 31, 2024 · FY | Jan 31, 2023 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.8B | $2.6B | $1.8B | $939.9M |
| Short-term investments | $1.2B | $2.0B | $2.1B | $3.1B |
| Accounts receivable, net | $1.3B | $922.8M | $926.9M | $715.8M |
| Deferred commissions, current | $214.1M | $97.7M | $86.1M | $67.9M |
| Prepaid expenses and other current assets | $195.1M | $211.2M | $180.0M | $193.1M |
| Total current assets | $5.7B | $5.9B | $5.0B | $5.0B |
| Long-term investments | $755.0M | $656.5M | $916.3M | $1.1B |
| Property and equipment, net | $248.6M | $296.4M | $247.5M | $160.8M |
| Operating lease right-of-use assets | $274.9M | $359.4M | $252.1M | $231.3M |
| Goodwill | $1.2B | $1.1B | $975.9M | $657.4M |
| Intangible assets, net | $246.9M | $278.0M | $331.4M | $186.0M |
| Deferred commissions, non-current | $241.8M | $184.0M | $187.1M | $145.3M |
| Other assets | $428.3M | $333.7M | $273.8M | $283.9M |
| Total assets | $9.1B | $9.0B | $8.2B | $7.7B |
| Accounts payable | $145.6M | $169.8M | $51.7M | $23.7M |
| Accrued expenses and other current liabilities | $879.5M | $515.5M | $446.9M | $269.1M |
| Operating lease liabilities, current | $49.6M | $35.9M | $33.9M | $27.3M |
| Deferred revenue, current | $3.3B | $2.6B | $2.2B | $1.7B |
| Total current liabilities | $4.4B | $3.3B | $2.7B | $2.0B |
| Convertible senior notes, net | $2.3B | $2.3B | — | — |
| Operating lease liabilities, non-current | $411.7M | $377.8M | $254.0M | $224.4M |
| Deferred revenue, non-current | $14.4M | $15.5M | $14.4M | $11.5M |
| Other liabilities | $80.7M | $61.3M | $33.1M | $24.4M |
| Total liabilities | $7.2B | $6.0B | $3.0B | $2.3B |
| Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each of January 31, 2026 and 2025 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized; 344,317 and 334,301 shares issued as of January 31, 2026 and 2025, respectively; 343,918 and 333,865 shares outstanding as of January 31, 2026 and 2025, respectively; zero and 185,461 Class B shares authorized as of January 31, 2026 and 2025, respectively, zero shares issued and outstanding as of each of January 31, 2026 and 2025(1) | $34000.00 | $34000.00 | $34000.00 | $32000.00 |
| Treasury stock, at cost; 399 shares and 436 shares held as of January 31, 2026 and 2025, respectively | -54.5M | -59.5M | -67.1M | — |
| Additional paid-in capital | $11.5B | $10.4B | $9.3B | $8.2B |
| Accumulated other comprehensive income (loss) | $3.3M | ($2.2M) | ($8.2M) | ($38.3M) |
| Accumulated deficit | ($9.5B) | ($7.3B) | ($4.1B) | ($2.7B) |
| Total Snowflake Inc. stockholders’ equity | $1.9B | $3.0B | $5.2B | $5.5B |
| Noncontrolling interest | $0 | $6.7M | $10.3M | $12.2M |
| Total stockholders’ equity | $1.9B | $3.0B | $5.2B | $5.5B |
| Total liabilities and stockholders’ equity | $9.1B | $9.0B | $8.2B | $7.7B |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Oct 31, 2025 | Jul 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7B | $2.1B | $1.9B | $1.9B |
| Short-term investments | $637.5M | $870.3M | $1.4B | $1.7B |
| Accounts receivable, net | $718.5M | $579.7M | $938.1M | $646.7M |
| Deferred commissions, current | $222.1M | $212.9M | $167.9M | $129.9M |
| Prepaid expenses and other current assets | $208.6M | $229.5M | $164.3M | $232.9M |
| Total current assets | $3.5B | $4.0B | $4.6B | $4.6B |
| Long-term investments | $2.0B | $1.4B | $1.0B | $1.0B |
| Property and equipment, net | $208.0M | $227.2M | $265.8M | $283.1M |
| Operating lease right-of-use assets | $285.0M | $294.9M | $254.6M | $262.4M |
| Goodwill | $1.6B | $1.5B | $1.2B | $1.2B |
| Intangible assets, net | $426.5M | $451.4M | $256.6M | $285.4M |
| Deferred commissions, non-current | $222.6M | $222.0M | $209.5M | $187.2M |
| Other assets | $431.0M | $412.0M | $403.7M | $394.6M |
| Total assets | $8.7B | $8.6B | $8.2B | $8.2B |
| Accounts payable | $185.3M | $55.1M | $193.7M | $166.8M |
| Accrued expenses and other current liabilities | $908.0M | $814.6M | $725.8M | $622.8M |
| Operating lease liabilities, current | $59.8M | $55.8M | $40.2M | $38.1M |
| Deferred revenue, current | $2.6B | $2.9B | $2.4B | $2.3B |
| Total current liabilities | $3.7B | $3.8B | $3.4B | $3.1B |
| Convertible senior notes, net | $2.3B | $2.3B | $2.3B | $2.3B |
| Operating lease liabilities, non-current | $420.0M | $434.4M | $367.7M | $378.5M |
| Deferred revenue, non-current | $27.8M | $25.7M | $10.9M | $11.5M |
| Other liabilities | $87.5M | $95.3M | $57.7M | $55.3M |
| Total liabilities | $6.5B | $6.6B | $6.1B | $5.8B |
| Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each of July 31, 2026 and January 31, 2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock | $35.0K | $34.0K | $34.0K | $34.0K |
| Treasury stock, at cost; 381 and 399 shares held as of July 31, 2026 and January 31, 2026, respectively | -52.0M | -53.3M | -55.7M | -57.0M |
| Additional paid-in capital | $12.5B | $12.1B | $11.2B | $10.9B |
| Accumulated other comprehensive income (loss) | ($18.0M) | ($3.6M) | $5.1M | $2.8M |
| Accumulated deficit | ($10.3B) | ($10.1B) | ($9.0B) | ($8.5B) |
| Total stockholders’ equity | $2.1B | $1.9B | $2.1B | $2.4B |
| Total liabilities and stockholders’ equity | $8.7B | $8.6B | $8.2B | $8.2B |
| Line item | Jan 31, 2026 · FY | Jan 31, 2025 · FY | Jan 31, 2024 · FY | Jan 31, 2023 · FY |
|---|---|---|---|---|
| Net income (loss) | ($1.3B) | ($1.3B) | ($838.0M) | ($797.5M) |
| Depreciation and amortization | $220.4M | $182.5M | $119.9M | $63.5M |
| Non-cash operating lease costs | $66.5M | $59.9M | $52.9M | $46.2M |
| Amortization of deferred commissions | $140.4M | $93.1M | $74.8M | $57.4M |
| Asset impairment related to office facility exit | $108.7M | — | — | — |
| Stock-based compensation, net of amounts capitalized | $1.6B | $1.5B | $1.2B | $861.5M |
| Net accretion of discounts on investments | ($21.8M) | ($43.4M) | ($61.5M) | $3.5M |
| Net realized and unrealized losses (gains) on strategic investments in equity securities | $59.9M | $31.4M | ($46.8M) | — |
| Amortization of debt issuance costs | $8.3M | $2.8M | — | — |
| Deferred income tax | ($2.3M) | ($7.7M) | ($26.8M) | ($26.7M) |
| Non-cash restructuring charges (recoveries), net | ($11.2M) | — | — | — |
| Other | ($1.3M) | $7.4M | $14.9M | $1.6M |
| Accounts receivable | ($380.0M) | $536.0K | ($212.1M) | ($167.0M) |
| Deferred commissions | ($305.1M) | ($101.6M) | ($134.8M) | ($95.1M) |
| Prepaid expenses and other assets | ($44.5M) | $29.9M | $59.8M | ($2.9M) |
| Accounts payable | ($8.3M) | $108.9M | $19.2M | $8.0M |
| Accrued expenses and other liabilities | $393.3M | $70.9M | $171.0M | $74.5M |
| Operating lease liabilities | ($26.9M) | ($47.7M) | ($40.5M) | ($42.3M) |
| Deferred revenue | $755.2M | $382.8M | $528.0M | $514.3M |
| Net cash provided by operating activities | $1.2B | $959.8M | $848.1M | $545.6M |
| Purchases of property and equipment | ($101.6M) | ($46.3M) | ($35.1M) | ($25.1M) |
| Capitalized software development costs | $0 | ($29.4M) | ($34.1M) | ($24.0M) |
| Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired | ($178.8M) | ($30.3M) | ($275.7M) | ($362.6M) |
| Purchases of intangible assets | ($3.1M) | $0 | ($28.7M) | ($700.0K) |
| Purchases of investments | ($2.0B) | ($2.6B) | ($2.5B) | ($3.9B) |
| Sales of investments | $21.2M | $64.6M | $11.3M | $58.8M |
| Maturities and redemptions of investments | $2.6B | $2.8B | $3.7B | $3.7B |
| Settlement of cash flow hedges | $0 | ($749.0K) | — | — |
| Net cash provided by investing activities | $312.2M | $190.6M | $832.3M | ($597.9M) |
| Proceeds from exercise of stock options | $84.1M | $44.9M | $57.2M | $39.9M |
| Proceeds from issuance of common stock under employee stock purchase plan | $88.1M | $77.1M | $61.2M | $40.9M |
| Taxes paid related to net share settlement of equity awards | ($672.9M) | ($489.1M) | ($380.8M) | ($184.6M) |
| Repurchases of common stock | ($873.5M) | ($1.9B) | ($591.7M) | — |
| Distributions to noncontrolling interest holders | ($9.3M) | — | — | — |
| Payments of deferred purchase consideration for business combinations | ($1.9M) | ($250.0K) | $0 | ($1.8M) |
| Gross proceeds from issuance of convertible senior notes | $0 | $2.3B | — | — |
| Cash paid for issuance costs on convertible senior notes | $0 | ($31.2M) | — | — |
| Purchases of capped calls related to convertible senior notes | $0 | ($195.5M) | — | — |
| Net cash used in financing activities | ($1.4B) | ($226.5M) | ($854.1M) | ($92.6M) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $16.8M | ($6.2M) | ($2.0M) | ($933.0K) |
| Net increase in cash, cash equivalents, and restricted cash | $165.6M | $917.7M | $824.2M | ($145.8M) |
| Cash, cash equivalents, and restricted cash—beginning of period | $2.7B | $1.8B | $956.7M | $1.1B |
| Cash, cash equivalents, and restricted cash—end of period | $2.9B | $2.7B | $1.8B | $956.7M |
| Property and equipment included in accounts payable and accrued expenses | $17.2M | $36.1M | $17.5M | $6.3M |
| Stock-based compensation included in capitalized software development costs | $0 | $38.5M | $48.2M | $28.5M |
| Line item | Jul 31, 2026 · YTD | Apr 30, 2026 · Q1 | Oct 31, 2025 · YTD | Jul 31, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($487.3M) | ($295.6M) | ($1.0B) | ($727.9M) |
| Depreciation and amortization | $136.2M | $67.6M | $161.5M | $103.6M |
| Non-cash operating lease costs | $35.6M | $17.9M | $49.8M | $34.0M |
| Amortization of deferred commissions | $117.5M | $57.7M | $95.4M | $59.0M |
| Stock-based compensation, net of any amounts capitalized | $826.1M | $402.5M | $1.2B | $783.7M |
| Net accretion of discounts on investments | ($3.3M) | ($2.2M) | ($18.5M) | ($13.4M) |
| Net realized and unrealized losses (gains) on strategic investments | ($25.3M) | $9.5M | — | — |
| Amortization of debt issuance costs | $4.2M | $2.1M | $6.2M | $4.1M |
| Asset impairment related to office facility exits | $17.8M | $17.7M | $108.7M | $108.6M |
| Deferred income tax | ($8.5M) | ($6.6M) | ($3.4M) | ($3.4M) |
| Other | $7.4M | $2.8M | ($2.3M) | ($3.5M) |
| Accounts receivable | $600.6M | $747.2M | ($12.6M) | $276.1M |
| Deferred commissions | ($106.3M) | ($36.8M) | ($181.7M) | ($84.9M) |
| Prepaid expenses and other assets | ($351.0K) | ($22.5M) | ($2.5M) | ($22.3M) |
| Accounts payable | $41.2M | ($89.7M) | $36.3M | $7.3M |
| Accrued expenses and other liabilities | $28.1M | ($80.8M) | $217.8M | $97.2M |
| Operating lease liabilities | ($41.8M) | ($19.2M) | ($42.4M) | ($26.4M) |
| Deferred revenue | ($807.2M) | ($528.5M) | ($172.4M) | ($323.9M) |
| Net cash provided by operating activities | $334.6M | $243.2M | $440.8M | $303.3M |
| Purchases of property and equipment | ($18.0M) | ($10.5M) | ($85.6M) | ($61.7M) |
| Cash paid for business combinations, net of cash, cash equivalents and restricted cash acquired | ($254.4M) | — | — | — |
| Purchases of intangible assets | $0 | — | ($1.3M) | ($1.3M) |
| Purchases of investments | ($1.8B) | ($896.4M) | ($2.0B) | ($1.6B) |
| Sales of investments | $238.5M | $109.7M | $19.4M | $18.9M |
| Maturities and redemptions of investments | $896.2M | $445.2M | $2.1B | $1.5B |
| Net cash used in investing activities | ($953.9M) | ($604.5M) | ($107.0M) | ($355.2M) |
| Proceeds from exercise of stock options | $74.4M | $6.6M | $63.3M | $34.4M |
| Proceeds from issuance of common stock under employee stock purchase plan | $67.0M | $67.0M | $88.1M | $53.2M |
| Taxes paid related to net share settlement of equity awards | ($327.7M) | ($142.8M) | ($485.2M) | ($294.5M) |
| Repurchases of common stock | ($300.0M) | ($300.0M) | ($723.5M) | ($490.6M) |
| Payments of deferred purchase consideration for business combinations | ($2.3M) | ($2.3M) | ($600.0K) | ($600.0K) |
| Net cash used in financing activities | ($488.6M) | ($371.5M) | ($1.1B) | ($698.1M) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($4.7M) | ($2.8M) | $12.2M | $12.2M |
| Net decrease in cash, cash equivalents, and restricted cash | ($1.1B) | ($735.6M) | ($714.0M) | ($737.8M) |
| Cash, cash equivalents, and restricted cash—beginning of period | $2.9B | $2.9B | $2.7B | $2.7B |
| Cash, cash equivalents, and restricted cash—end of period | $1.8B | $2.1B | $2.0B | $2.0B |
| Property and equipment included in accounts payable and accrued expenses | $9.5M | $14.9M | $23.3M | $35.4M |
| Non-cash consideration for business combinations | $420.6M | $310.1M | — | — |
| Cash and cash equivalents | $1.7B | $2.1B | $1.9B | $1.9B |
| Restricted cash—included in other assets and prepaid expenses and other current assets | $44.5M | $44.0M | $43.0M | $80.1M |
| Total cash, cash equivalents, and restricted cash | $1.8B | $2.1B | $2.0B | $2.0B |
Snowflake Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.