Snowflake Inc. (SNOW) income statement
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
Snowflake Inc. (SNOW) reported revenue of $1.55B for Q2 '27 (+35.1% year on year), operating income of -$263M (-17.0% of revenue) and net income of -$192M. Over the last four quarters revenue was $5.43B.
Income statement
| Income statement | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $734M | $775M | $829M | $869M | $942M | $987M | $1.04B | $1.14B | $1.21B | $1.28B | $1.39B | $1.55B | |
| Cost of revenue | $229M | $242M | $273M | $288M | $321M | $333M | $349M | $372M | $391M | $426M | $465M | $510M | |
| Gross profit | $505M | $533M | $556M | $581M | $621M | $654M | $693M | $773M | $822M | $858M | $926M | $1.04B | |
| Research & development | $332M | $364M | $411M | $438M | $442M | $492M | $472M | $492M | $494M | $511M | $535M | $567M | |
| Sales & marketing | $355M | $362M | $401M | $401M | $438M | $433M | $459M | $502M | $550M | $551M | $589M | $612M | |
| General & administrative | $78.7M | $82.1M | $93.1M | $97.8M | $106M | $115M | $210M | $119M | $107M | $114M | $129M | $121M | |
| Operating expenses | $766M | $808M | $905M | $936M | $987M | $1.04B | $1.14B | $1.11B | $1.15B | $1.18B | $1.25B | $1.3B | |
| Operating income | -$261M | -$276M | -$349M | -$355M | -$365M | -$387M | -$447M | -$340M | -$329M | -$318M | -$326M | -$263M | |
| Interest income | $53.5M | $53.8M | $54.8M | $49.3M | $48.7M | $56.3M | $53.2M | $49.5M | $45.5M | $42.4M | $41.1M | $42M | |
| Interest expense | $0 | $0 | $0 | $0 | $689K | $2.07M | $2.07M | $2.07M | $2.08M | $2.08M | $2.08M | $2.08M | |
| Other non-operating income (gains on investments, FX ...) | -$49.3M | -$101M | -$33.5M | -$41.3M | -$40.2M | -$58.7M | -$25.1M | -$44.5M | -$43.6M | -$18.3M | -$31.6M | -$76.8M | |
| Total non-operating income | $49.3M | $101M | $33.5M | $41.3M | $39.5M | $56.6M | $23M | $42.4M | $41.6M | $16.3M | $29.5M | $74.7M | |
| Income before tax | -$211M | -$174M | -$315M | -$314M | -$326M | -$330M | -$424M | -$298M | -$288M | -$302M | -$297M | -$188M | |
| Income tax | $3.39M | -$4.3M | $2.72M | $3.79M | $1.94M | -$4.33M | $5.73M | $62K | $3.68M | $7.65M | -$1.09M | $3.43M | |
| Net income | -$214M | -$169M | -$317M | -$317M | -$324M | -$327M | -$430M | -$298M | -$294M | -$310M | -$296M | -$192M | |
| EPS (basic) | -$0.65 | -$0.51 | -$0.95 | -$0.95 | -$0.98 | -$0.99 | -$1.29 | -$0.89 | -$0.87 | -$0.90 | -$0.86 | -$0.55 | |
| EPS (diluted) | -$0.65 | -$0.51 | -$0.95 | -$0.95 | -$0.98 | -$0.99 | -$1.29 | -$0.89 | -$0.87 | -$0.90 | -$0.86 | -$0.55 | |
| Shares (basic, weighted) | 329M | 331M | 334M | 334M | 332M | 331M | 333M | 334M | 336M | 342M | 345M | 349M | |
| Shares (diluted, weighted) | 329M | 331M | 334M | 334M | 332M | 331M | 333M | 334M | 336M | 342M | 345M | 349M | |
| Depreciation & amortization | $32.5M | $35M | $40.2M | $45.1M | $47M | $50.1M | $48.8M | $54.8M | $57.9M | $58.9M | $67.6M | $68.6M | |
| EBITDA | -$179M | -$139M | -$275M | -$269M | -$278M | -$278M | -$373M | -$241M | -$228M | -$241M | -$227M | -$118M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.7M | $265M | $592M | $1.22B | $2.07B | $2.81B | $3.63B | $4.68B | |
| Cost of revenue | $51.8M | $117M | $243M | $458M | $718M | $899M | $1.21B | $1.54B | |
| Gross profit | $44.9M | $148M | $349M | $761M | $1.35B | $1.91B | $2.41B | $3.15B | |
| Research & development | $68.7M | $105M | $238M | $467M | $788M | $1.29B | $1.78B | $1.97B | |
| Sales & marketing | $126M | $294M | $479M | $744M | $1.11B | $1.39B | $1.67B | $2.06B | |
| General & administrative | $36.1M | $108M | $176M | $265M | $296M | $323M | $412M | $550M | |
| Operating expenses | $230M | $506M | $893M | $1.48B | $2.19B | $3B | $3.87B | $4.58B | |
| Operating income | -$185M | -$358M | -$544M | -$715M | -$842M | -$1.09B | -$1.46B | -$1.44B | |
| Interest income | $8.76M | $11.6M | $7.51M | $9.13M | $73.8M | $201M | $209M | $191M | |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $2.76M | $8.3M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | -$38.1M | -$26.3M | -$246M | -$174M | -$132M | |
| Total non-operating income | $8.26M | $10.5M | $6.9M | $38.1M | $26.3M | $246M | $171M | $123M | |
| Income before tax | -$177M | -$348M | -$537M | -$677M | -$816M | -$849M | -$1.29B | -$1.31B | |
| Income tax | $820K | $993K | $2.06M | $2.99M | -$18.5M | -$11.2M | $4.11M | $19.7M | |
| Net income | -$178M | -$349M | -$539M | -$680M | -$797M | -$836M | -$1.29B | -$1.33B | |
| EPS (basic) | -$0.75 | -$1.26 | -$1.87 | -$2.26 | -$2.50 | -$2.55 | -$3.86 | -$3.95 | |
| EPS (diluted) | -$0.75 | -$1.26 | -$1.87 | -$2.26 | -$2.50 | -$2.55 | -$3.86 | -$3.95 | |
| Shares (basic, weighted) | 238M | 277M | 288M | 300M | 319M | 328M | 333M | 337M | |
| Shares (diluted, weighted) | 238M | 277M | 288M | 300M | 319M | 328M | 333M | 337M | |
| Depreciation & amortization | $1.36M | $3.52M | $9.83M | $21.5M | $63.5M | $120M | $183M | $220M | |
| EBITDA | -$184M | -$355M | -$534M | -$655M | -$752M | -$729M | -$1.1B | -$1.08B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
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