Snowflake Inc. SNOW
We believe that a cloud computing platform that puts data and artificial intelligence (AI) at its core will offer great benefits to organizations by allowing them to realize the value of the data that powers their businesses. By offering rich primitives for data and applications, we believe that we can create a data connected world where organizations have seamless access to explore, share, and unlock the value of data. Our vision is a world where data and AI turn possibilities into reality. To realize this vision, we deliver the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from a growing number of data sets in secure, governed, and compliant ways.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.68B | $3.63B | $2.81B | $2.07B | $1.22B | $592.0M | $264.7M | $96.7M | — |
| Cost of revenue | $1.54B | $1.21B | $898.6M | $717.5M | $458.4M | $242.6M | $116.6M | $51.8M | — |
| Gross profit | $3.15B | $2.41B | $1.91B | $1.35B | $760.9M | $349.5M | $148.2M | $44.9M | — |
| R&D | $1.97B | $1.78B | $1.29B | $788.1M | $466.9M | $237.9M | $105.2M | $68.7M | — |
| SG&A | $549.7M | $412.3M | $323.0M | $295.8M | $265.0M | $176.1M | $107.5M | $36.1M | — |
| Total operating expenses | $4.58B | $3.87B | $3.00B | $2.19B | $1.48B | $893.4M | $506.3M | $230.4M | — |
| Operating income | -$1.44B | -$1.46B | -$1.09B | -$842.3M | -$715.0M | -$543.9M | -$358.1M | -$185.5M | — |
| Interest expense | $8.3M | $2.8M | $0 | $0 | — | — | — | — | — |
| Pre-tax income | -$1.31B | -$1.29B | -$849.2M | -$816.0M | -$677.0M | -$537.0M | -$347.5M | -$177.2M | — |
| Income tax | $17.1M | $4.1M | $11.2M | $18.5M | $3.0M | $2.1M | $993.0K | $820.0K | — |
| Net income | -$1.33B | -$1.29B | -$838.0M | -$797.5M | -$679.9M | -$539.1M | -$348.5M | -$178.0M | — |
| EPS, basic | -3.95 | -3.86 | -2.55 | -2.50 | -2.26 | -3.81 | -7.77 | — | — |
| EPS, diluted | -3.95 | -3.86 | -2.55 | -2.50 | -2.26 | -3.81 | -7.77 | -4.67 | — |
| Shares, diluted (wtd. avg.) | $337.5M | $332.7M | $328.0M | $318.7M | $300.3M | $141.6M | $44.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.83B | $2.63B | $1.76B | $956.7M | $1.10B | $835.2M | $142.0M | $122.6M | $215.6M |
| Short-term investments | $1.20B | $2.01B | $2.08B | $3.07B | $2.77B | $3.09B | $306.8M | — | — |
| Receivables | $1.30B | $922.8M | $926.9M | $715.8M | $545.6M | $294.0M | $179.5M | — | — |
| Total current assets | $5.74B | $5.87B | $5.04B | $4.98B | $4.60B | $4.30B | $665.2M | — | — |
| Property, plant and equipment | $248.6M | $296.4M | $247.5M | $160.8M | $105.1M | $69.0M | $27.1M | — | — |
| Goodwill | $1.19B | $1.06B | $975.9M | $657.4M | $8.4M | $8.4M | $7.0M | $0 | — |
| Other intangibles | $246.9M | $278.0M | $331.4M | $186.0M | $37.1M | $16.1M | $4.8M | — | — |
| Total assets | $9.13B | $9.03B | $8.22B | $7.72B | $6.65B | $5.92B | $1.01B | — | — |
| Accounts payable | $145.6M | $169.8M | $51.7M | $23.7M | $13.4M | $5.6M | $8.5M | — | — |
| Total current liabilities | $4.42B | $3.30B | $2.73B | $1.99B | $1.40B | $789.3M | $416.5M | — | — |
| Total liabilities | $7.21B | $6.03B | $3.03B | $2.25B | $1.60B | $985.3M | $621.0M | — | — |
| Retained earnings | -$9.49B | -$7.29B | -$4.08B | -$2.72B | -$1.92B | -$1.24B | -$700.3M | — | — |
| Total equity | $1.92B | $3.00B | $5.19B | $5.47B | $5.05B | $4.94B | -$544.8M | -$312.5M | -$131.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.22B | $959.8M | $848.1M | $545.6M | $110.2M | -$45.4M | -$176.6M | -$144.0M | — |
| Depreciation and amortisation | $220.4M | $182.5M | $119.9M | $63.5M | $21.5M | $9.8M | $3.5M | $1.4M | — |
| Stock-based compensation | $1.60B | $1.48B | $1.17B | $861.5M | $605.1M | $301.4M | $78.4M | $22.4M | — |
| Capital expenditure | $101.6M | $46.3M | $35.1M | $25.1M | $16.2M | $35.0M | $18.6M | $2.1M | — |
| Investing cash flow | $312.2M | $190.6M | $832.3M | -$597.9M | -$20.8M | -$4.04B | $138.5M | -$362.6M | — |
| Financing cash flow | -$1.39B | -$226.5M | -$854.1M | -$92.6M | $178.2M | $4.78B | $57.5M | $413.6M | — |
| Buybacks | $873.5M | $1.93B | $591.7M | $0 | $0 | $0 | $0 | $29.6M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001640147-26-000019.
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