Snowflake Inc. (NYSE: SNOW) is a cloud data platform company that lists Bozeman, Montana as its headquarters and operates as a distributed company. Its core idea, separating data storage from the compute used to query it, let customers scale analytics on demand instead of buying fixed hardware from vendors such as Teradata or Oracle. The platform now spans data warehousing, data engineering, applications, data sharing and AI agents, and served 828 customers with more than $1 million in trailing 12-month product revenue as of July 31, 2026.
Snowflake runs a consumption-based cloud data platform on top of AWS, Microsoft Azure and Google Cloud. Customers are billed for compute (virtual warehouses, Snowpark, Cortex AI and other services, metered in credits), for storage per terabyte per month, and for data transfer. Most large customers sign multi-year capacity commitments and draw them down as they use the platform; revenue is recognized on consumption, not on contract signing. Professional services and training are a small share of revenue. The Snowflake Marketplace and secure data sharing let customers exchange live data without copying it, which adds workloads and keeps data on the platform.