Snowflake Inc. (SNOW) financials
NYSE · Technology · Software - Application · 9,394 employees · CEO Sridhar Ramaswamy
- Price
- $306.08 -7.32%
- Market cap
- $108B
- Enterprise value
- $109B
- Last report
- Q2 '27 filed 2026-09-04
- Next report
- 2026-12-02 EPS est. $0.60
Revenue (TTM)$5.43B+32.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-22.8%+14.7 pp vs a year agoOperating income -$1.24B
Net income (TTM)-$1.09B+20.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.2B+59.1% vs a year agoCapex $58M
Diluted EPS (TTM)-$3.18+23.4% vs a year agoSum of the last 4 quarters
Net cash-$419M-146.9% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $108B EV $109B
- Revenue
- $5.43B Trailing 12 months
- Revenue growth
- +35% FY2027 consensus
- Profit margin
- -20.1% Net income / revenue, TTM
- P/E
- -96.3× Forward 138.0× (FY2027)
- P/S
- 19.9× Price / sales, TTM
- EV / EBITDA
- -134.1× TTM
- Free cash flow
- $1.2B Trailing 12 months
- Net income
- -$1.09B Trailing 12 months
- Revenue estimate
- $6.32B FY2027 consensus
- Earnings
- 2026-12-02 Revenue est. $1.65B
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-09-02): revenue beat by 4.3%, EPS beat by 38.8%Revenue $1.55B vs $1.48B expected (+4.3%); EPS $0.62 vs $0.45 (+38.8%).
- Revenue growth accelerating: 35.1% year on yearQ2 '27 revenue $1.55B, against an average of 31.0% over the four quarters before.
- Operating margin -22.8% (TTM), +14.7 pp on a year agoOperating income grew 19.7% while revenue grew 32.0%.
- Capex 1.1% of revenue (a year ago 2.1%)$58M invested in the last 4 quarters (-32.9% on a year earlier). Free cash flow $1.2B.
- Returned $683M to shareholders = 57.1% of free cash flowBuybacks $683M (a year earlier $1.51B), dividends $0, stock-based pay $1.64B (TTM).
- Diluted share count up 4.6% in a year349M diluted shares in Q2 '27, 334M a year earlier.
- Net debt $419MCash + short-term investments $2.34B, debt incl. leases $2.76B; a year ago net cash $894M.
Last quarter: Q2 '27
Quarter ended 2026-07-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.55B | $1.14B | +35.1% |
| Gross margin | 67.0% | 67.5% | -0.5 pp |
| Operating income | -$263M | -$340M | +22.7% |
| Operating margin | -17.0% | -29.7% | +12.7 pp |
| Net income | -$192M | -$298M | +35.7% |
| Diluted EPS | -$0.55 | -$0.89 | +38.2% |
| Operating cash flow | $91.4M | $74.9M | +22.0% |
| Capex | $7.55M | $16.7M | -54.7% |
| Free cash flow | $83.8M | $58.2M | +43.9% |
| R&D | $567M | $492M | +15.3% |
| Stock-based compensation | $424M | $404M | +4.8% |
Reported vs consensus
2026-09-02| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $1.55B | $1.48B | +4.3% |
| EPS (as estimated) | $0.62 | $0.45 | +38.8% |
From the report of 2026-09-02 for Q2 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Product | $1.49B | +36.8% | 96.4% | $5.21B | +32.6% | |
| Professional Services And Other | $54.9M | +0.8% | 3.6% | $223M | +20.8% |
Revenue by region
share of total| Segment | Q2 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $1.19B | +33.8% | 77.1% | $4.22B | +30.6% | |
| EMEA | $259M | +39.6% | 16.7% | $899M | +36.3% | |
| Asia-Pacific and Japan | $94.9M | +40.3% | 6.1% | $320M | +39.8% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $1.25B
- Capex
- -$58M
- Buybacks
- -$683M
- Dividends
- $0
- Acquisitions
- -$269M
- Net debt issued
- $0
- Stock-based compensation
- $1.64B
- Free cash flow
- $1.2B
- Returned to shareholders / FCF
- 57.1%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -96.3× | – | – |
| EV / EBITDA | -134.1× | – | – |
| EV / Sales | 20.1× | 28.8× | 13.9× – 67.2× |
| Price / FCF | 90.3× | 265.5× | 58.1× – 1,020.4× |
| Price / Book | 49.7× | 18.4× | 9.1× – 33.8× |
| FCF yield | 1.1% | 1.1% | 0.1% – 1.7% |
| Return on invested capital | -24.6% | -20.6% | -30.1% – -13.5% |
| Return on equity | -53.6% | -31.3% | -69.2% – -13.5% |
Analysts
Consensus target $418.03 (+36.6%)
range $250.00 – $525.00 · rating Buy
Strong buy0
Buy43
Hold9
Sell1
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $6.32B | +34.9% | $2.22 | +156.1% | 138.0× | 27 |
| FY2028 | $8.16B | +29.0% | $3.02 | +36.4% | 101.2× | 27 |
| FY2029 | $10.5B | +28.8% | $4.25 | +40.5% | 72.0× | 12 |
| FY2030 | $13.5B | +28.2% | $5.63 | +32.5% | 54.4× | 5 |
| FY2031 | $14.2B | +5.6% | $7.22 | +28.2% | 42.4× | 10 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 286 figures Snowflake Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $0 | – | – | – | – | – | |
| Accounts Payable, Current | $185M | $167M | +11.1% | $146M | $170M | -14.3% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $718M | $647M | +11.1% | $1.3B | $923M | +41.3% |
| Accounts Receivable, Allowance for Credit Loss | $0 | $7.8M | -100.0% | $0 | $0 | – |
| Accretion (Amortization) of Discounts and Premiums, Investments | $1.08M | $5.72M | -81.1% | $21.8M | $43.4M | -49.8% |
| Accrued Liabilities, Current | $908M | $623M | +45.8% | $880M | $515M | +70.6% |
| Accrued Payroll Taxes, Current | $26.6M | $52.9M | -49.8% | $18.1M | $14M | +29.2% |
| Accrued Professional Fees, Current | $12.4M | $14.6M | -15.4% | $16M | $14M | +14.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $279M | $182M | +53.0% | $240M | $153M | +56.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$18M | $2.78M | -746.2% | $3.34M | -$2.24M | +249.2% |
| Additional Paid in Capital | $12.5B | $10.9B | +14.3% | $11.5B | $10.4B | +10.8% |
| Advertising Expense | – | – | – | $122M | $105M | +16.3% |
| Amortization of Debt Issuance Costs | $2.08M | $2.07M | +0.3% | $8.3M | $2.76M | +200.8% |
| Amortization of Deferred Sales Commissions | $59.7M | $33.2M | +80.2% | $140M | $93.1M | +50.8% |
| Amortization of Intangible Assets | $42.2M | $27.8M | +51.8% | $110M | $96.9M | +13.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | -4.47M | 58.1M | -107.7% | 50.9M | 62.4M | -18.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $424M | $404M | +5.1% | $1.61B | $1.51B | +6.9% |
| Asset Impairment Charges | $112K | $2.13M | -94.7% | $109M | $0 | – |
| Assets | $8.69B | $8.2B | +6.0% | $9.13B | $9.03B | +1.1% |
| Assets, Current | $3.49B | $4.6B | -24.0% | $5.74B | $5.87B | -2.2% |
| Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | – | – | – | $13.1M | $87.7M | -85.1% |
| Capital Expenditures Incurred but Not yet Paid | -$5.37M | $3.21M | -267.4% | $17.2M | $36.1M | -52.3% |
| Capitalized Computer Software, Amortization | $17M2026-04-30 | $16.8M | +1.2% | $71.6M | $56.4M | +27.0% |
| Capitalized Computer Software, Impairments | – | – | – | $02025-01-31 | $7.1M | -100.0% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Capitalized Contract Cost, Net, Current | $222M | $130M | +71.0% | $214M | $97.7M | +119.2% |
| Capitalized Contract Cost, Net, Noncurrent | $223M | $187M | +18.9% | $242M | $184M | +31.4% |
| Cash and Cash Equivalents, at Carrying Value | $1.71B | $1.88B | -9.2% | $2.83B | $2.63B | +7.6% |
| Cash and Cash Equivalents, Fair Value Disclosure | $998M | $1.5B | -33.5% | $2B | $2.25B | -11.2% |
| Cash Equivalents, at Carrying Value | $998M | $1.5B | -33.5% | $2B | $2.25B | -11.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.75B | $1.96B | -10.7% | $2.86B | $2.7B | +6.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$377M | -$359M | -5.1% | $166M | $918M | -82.0% |
| Common Stock, Capital Shares Reserved for Future Issuance | 146M | 140M | +4.2% | 133M | 128M | +4.0% |
| Common Stock, Par or Stated Value Per Share | $0.00 | – | – | – | – | – |
| Common Stock, Shares Authorized | 2.5B | – | – | – | – | – |
| Common Stock, Shares, Issued | 353M | – | – | – | – | – |
| Common Stock, Shares, Outstanding | 352M | – | – | – | – | – |
| Common Stock, Value, Issued | $35K | $34K | +2.9% | $34K | $34K | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $0 | $87K | -100.0% | $2.58M | -$3.57M | +172.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$206M | -$303M | +32.1% | -$1.33B | -$1.28B | -3.6% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$206M | -$303M | +32.1% | -$1.32B | -$1.28B | -3.1% |
| Contract with Customer, Liability, Current | $2.57B | $2.27B | +13.2% | $3.35B | $2.58B | +29.7% |
| Contract with Customer, Liability, Noncurrent | $27.8M | $11.5M | +140.5% | $14.4M | $15.5M | -6.8% |
| Contract with Customer, Liability, Revenue Recognized | $1.1B | $828M | +32.9% | $2.2B | $1.8B | +22.2% |
| Convertible Debt, Noncurrent | $2.28B | $2.28B | +0.4% | $2.28B | $2.27B | +0.4% |
| Cost of Goods and Services Sold | $510M | $372M | +37.2% | $1.54B | $1.21B | +26.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $19.2M | $11M | +74.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $285K | $806K | -64.6% |
| Debt and Equity Securities, Gain (Loss) | $34.8M | -$5.58M | +722.8% | – | – | – |
| Debt Securities, Available-for-sale | $2.62B | $2.72B | -3.6% | $1.96B | $2.67B | -26.6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $739K | $2.11M | -65.0% | $5.49M | $2.94M | +86.3% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $14.7M | $2.02M | +625.5% | $25K | $2.29M | -98.9% |
| Debt Securities, Available-for-sale, Amortized Cost | $2.64B | $2.72B | -3.0% | $1.95B | $2.66B | -26.8% |
| Debt Securities, Available-for-sale, Current | $638M | $1.71B | -62.6% | $1.2B | $2.01B | -40.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $638M | $1.71B | -62.6% | $1.2B | $2.01B | -40.2% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $2.3B2026-04-30 | $2.62B | -12.2% | $1.96B | $2.67B | -26.6% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $140M | – | – | – | – | – |
| Debt Securities, Available-for-sale, Noncurrent | $1.98B | $1.01B | +95.9% | $755M | $656M | +15.0% |
| Debt Securities, Unrealized Gain (Loss) | $0 | $0 | – | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$5.39M | -$6.29M | +14.3% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-04-30, 10-K 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-Q 2025-04-30, 10-K 2025-01-31, 10-Q 2024-10-31
Not updated in the last refresh (older data or none shown): SEC segments.
Data as of 2026-11-01