Snowflake SNOW
Public, NYSE, reports in USD. Founded 2012.
Theme: Cloud.
Cloud Data Warehouse.
2025-08-01 — Never profitable, only M&A
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.7bn USD | 0.1 % | 67.2 % | 42.0 % | -1.4bn USD | -30.6 % | -1.3bn USD | -3.95 | -30.6 | |
| 2025 | 4.7bn USD | 29.1 % | 74.0 % | 38.1 % | -309m USD | -6.6 % | -310m USD | -0.93 | 22.5 | |
| 2024 | 3.6bn USD | 29.2 % | 75.2 % | 35.5 % | -1.4bn USD | -39.6 % | -1.3bn USD | -2.55 | -10.4 | |
| 2023 | 2.8bn USD | 44.7 % | 74.4 % | 45.9 % | -1.1bn USD | -39.0 % | -797m USD | -2.50 | 5.7 | |
| 2022 | 1.9bn USD | – | – | – | – | – | – | – | – | |
| 2027-Q2 | 1.5bn USD | 35.1 % | 67.0 % | 36.7 % | -263m USD | -17.0 % | -192m USD | -0.55 | 18.1 | |
| 2027-Q1 | 1.4bn USD | – | 66.6 % | 38.5 % | -326m USD | -23.4 % | -296m USD | -0.86 | – | |
| 2026-Q4 | 1.3bn USD | – | 66.8 % | 39.8 % | -318m USD | -24.8 % | -310m USD | -0.90 | – | |
| 2026-Q3 | 1.2bn USD | – | 67.8 % | 40.7 % | -329m USD | -27.2 % | -294m USD | -0.87 | – | |
| 2026-Q2 | 1.1bn USD | – | 67.5 % | 43.0 % | -340m USD | -29.7 % | -298m USD | -0.89 | – |
Sources
- 2026: yfinance
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2027-Q2: yfinance
- 2027-Q1: yfinance
- 2026-Q4: yfinance
- 2026-Q3: yfinance
- 2026-Q2: yfinance
Latest quarter 2027-Q2, ended 2026-07-31, vs 2026-Q2
| 2027-Q2 | 2026-Q2 | change | |
|---|---|---|---|
| Revenue | 1.5bn USD | 1.1bn USD | +402m (+35 %) |
| Op. margin | -17.0 % | -29.7 % | +12.7 pts |
| FCF | 84m USD | 57m USD | +27m (+47 %) |
| Op. income | -263m USD | ||
| Net income | -192m USD | ||
| EPS (diluted) | -0.55 |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.2bn USD | 105m USD | 1.1bn USD | 23.9 % | – | – | – | 1.1bn USD | 149m USD |
| 2025 | 960m USD | 76m USD | 884m USD | 18.9 % | – | – | – | 3.2bn USD | 924m USD |
| 2024 | 848m USD | 98m USD | 750m USD | 20.7 % | – | – | – | 750m USD | 826m USD |
| 2023 | 546m USD | 50m USD | 496m USD | 17.7 % | – | – | – | 496m USD | -145m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 322.13 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 113.6bn USD | 2026-09-15 | |
| 52w high | 384.56 USD | 2026-09-15 | |
| 52w low | 118.30 USD | 2026-09-15 | |
| EV/EBITDA | -50.0 | 2026-07-10 (stale) | |
| Off 52w high % | -16.2 % | ||
| P/S | 24.3 | ||
| Lifetime CAGR | 11.5 % |
Notes
- 2025-08-01 opinion Never profitable, only M&A