Snowflake Inc.
Financial Performance
Snowflake Revenue & Financials
Revenue
$4.7B (FY2026)
Market Cap
$118B
Employees
9,060
What is Snowflake's revenue?
Snowflake had $4.7B in revenue for fiscal year 2026, up 29.2% from 2025. It reported a net loss of $1.3B.
- Latest revenue
- $4.7B (FY2026)
- Year-over-year
- +29.2%
- Growth rate (CAGR)
- 74.1% over 7 years
- Peak revenue
- $4.7B (FY2026)
- Years of data
- 8
- Employees
- 9,060
Financial Analysis
Snowflake has grown from $96.7M of revenue in fiscal 2019 to $4.684B in fiscal 2026 while remaining GAAP unprofitable, largely because of heavy stock-based compensation. FY2026 revenue grew 29% and the GAAP net loss was $1.332B. Growth accelerated in fiscal 2027: Q2 revenue was $1.55B (+35%), product revenue $1.49B (+37%, the third straight quarter of acceleration), net revenue retention 126%, and non-GAAP operating margin 15.3%. GAAP operating loss for the quarter was $263M. On September 28, 2026 the company announced a $3.5B offering of 0.00% convertible senior notes due 2029 and 2031. Snowflake Inc. is an absolute titan in the cloud computing data warehousing industry, sustaining a massive market valuation generally exceeding $50 billion.
Revenue Trend Analysis
YoY Change
+29.2%
7-Year CAGR
+74.1%
Peak Year
2026
Trend
Consistent Growth
Snowflake Inc. has 8 full fiscal year figures on this page, compounding at +74.1% annually over 7 years. The most recent year saw a 29.2% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $4.7B. Of 7 comparable year-over-year steps, 7 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
Snowflake Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jan 31, 2026 | $1.2B | $101.6M | $9.1B | $7.2B | $1.9B | $1.1B | Form 10-K |
| FY2025ended Jan 31, 2025 | $959.8M | $46.3M | $9B | $6B | $3B | $913.5M | Form 10-K |
| FY2024ended Jan 31, 2024 | $848.1M | $35.1M | $8.2B | $3B | $5.2B | $813M | Form 10-K |
| FY2023ended Jan 31, 2023 | $545.6M | $25.1M | $7.7B | $2.3B | $5.5B | $520.5M | Form 10-K |
| FY2022ended Jan 31, 2022 | $110.2M | $16.2M | $6.6B | $1.6B | $5B | $94M | Form 10-K |
| FY2021ended Jan 31, 2021 | -$45.4M | $35M | $5.9B | $985.3M | $4.9B | -$80.5M | Form 10-K |
| FY2020ended Jan 31, 2020 | -$176.6M | $18.6M | $1B | $621M | -$544.8M | -$195.1M | Form 10-K |
Keep researching Snowflake
Snowflake Revenue and Financial FAQ
What was Snowflake's total revenue for fiscal year 2026?
Snowflake reported consolidated revenue of $4.684 billion for fiscal year 2026, representing a 29% year-over-year increase compared to $3.626 billion in FY2025, driven by accelerating enterprise cloud data migrations and AI workload consumption.
What was Snowflake's revenue in Q2 fiscal 2027?
In the second quarter of fiscal 2027 (ended July 31, 2026), Snowflake reported revenue of $1.55 billion (up 35% year-over-year) and product revenue of $1.49 billion (up 37% year-over-year), marking its third consecutive quarter of accelerating revenue growth.
What was Snowflake's full-year fiscal 2027 product revenue guidance?
Following strong Q2 performance, CEO Sridhar Ramaswamy raised full-year FY2027 product revenue guidance to $6.07 billion, representing approximately 36% annual growth, alongside a non-GAAP operating margin target of 14.5%.
Why does Snowflake report large GAAP net losses despite strong cash flow?
Snowflake posted a GAAP net loss of $1.332 billion in FY2026, primarily driven by substantial non-cash stock-based compensation (SBC) granted to engineers and executives. On a non-GAAP basis, Snowflake generated robust operating profits and strong positive free cash flow.
What is Snowflake's Free Cash Flow and operating cash flow generation?
Snowflake generated over $1.1 billion in adjusted free cash flow in FY2026 (a ~24% free cash flow margin), driven by upfront customer annual cash payments for multi-year capacity contracts.
How many customers generate more than $1 million in annual product revenue?
As of mid-2026, Snowflake had 828 customers generating more than $1 million in trailing 12-month product revenue, up from 510 two years earlier, reflecting massive expansion within the world's largest enterprises.
What is Snowflake's Remaining Performance Obligations (RPO)?
Snowflake's Remaining Performance Obligations (RPO)—representing contracted future revenue not yet recognized—surpassed $5.8 billion to $6.2 billion in 2026, providing exceptional multi-year revenue visibility.
What was the $3.5 billion convertible notes offering announced in September 2026?
On September 28, 2026, Snowflake announced a private offering of $3.5 billion in 0.00% convertible senior notes due in 2029 and 2031, taking advantage of favorable zero-coupon financing terms to fund AI infrastructure, software acquisitions, and share buybacks.
What is Snowflake's product gross margin profile?
Snowflake maintained a non-GAAP product gross margin of 77% to 78% throughout 2025 and 2026, benefiting from tier discounts with AWS and Azure and continuous query engine compilation optimization.
What is Snowflake's market capitalization under ticker SNOW?
Snowflake trades on the New York Stock Exchange under ticker SNOW with an equity market capitalization fluctuating between $80 billion and $120 billion+.
How does customer query optimization impact short-term financial results?
When macro conditions soften, corporate IT departments frequently optimize SQL queries and cache results, temporarily slowing credit consumption growth (as occurred in 2022-2023 when growth moderated from 100%+ to ~30%).
How many total corporate customers rely on Snowflake?
Snowflake served over 10,600 total active customers by mid-2026, including over 730 of the Forbes Global 2000 enterprises.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Snowflake Revenue & Financials." CorpDigest, https://corpdigest.com/company/snowflake/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Snowflake reported $4.7B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/snowflake/financials" target="_blank" rel="noopener">CorpDigest — Snowflake financials</a></div>Related Financial Audits
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