A Business at a Glance
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We believe that a cloud computing platform that puts data and artificial intelligence (AI) at its core will offer great benefits to organizations by allowing them to realize the value of the data that powers their businesses. By offering rich primitives for data and applications, we believe that we can create a data connected world where organizations have seamless access to explore, share, and unlock the value of data. To realize this vision, we deliver the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from a growing number of data sets in secure, governed, and compliant ways. Our platform is the innovative technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply AI to solve business problems, build data applications, and share data and data products.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.4B | 3.6B | 2.8B | 2.1B | 1.2B | 592M |
| Net Income | -1.3B | -1.3B | -836M | -797M | -680M | -539M |
| EPS | $-4.02 | $-3.86 | $-2.55 | $-2.50 | $-2.26 | $-3.81 |
| Free Cash Flow | 777M | 913M | 813M | 521M | 94M | -80M |
| ROIC | -112.3% | -24.6% | -16.1% | -14.6% | -13.5% | -10.9% |
| Gross Margin | 67.1% | 66.5% | 68.0% | 65.3% | 62.4% | 59.0% |
| Debt/Equity | 1.07 | 0.90 | 0.06 | 0.05 | 0.04 | 0.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -1.5B | -1.5B | -1.1B | -842M | -715M | -544M |
| Operating Margin | -34.3% | -40.2% | -39.0% | -40.8% | -58.6% | -91.9% |
| ROE | -63.3% | -31.4% | -16.1% | -14.6% | -13.5% | -10.9% |
| Shares Outstanding | 342M | 333M | 328M | 319M | 301M | 315M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 265M | 592M | 1.2B | 2.1B | 2.8B | 3.6B | 4.4B |
| Gross Margin | 56.0% | 59.0% | 62.4% | 65.3% | 68.0% | 66.5% | 67.1% |
| R&D | 105M | 238M | 467M | 788M | 1.3B | 1.8B | 2.0B |
| SG&A | 108M | 176M | 265M | 296M | 323M | 412M | 551M |
| EBIT | -358M | -544M | -715M | -842M | -1.1B | -1.5B | -1.5B |
| Op. Margin | -135.3% | -91.9% | -58.6% | -40.8% | -39.0% | -40.2% | -34.3% |
| Net Income | -349M | -539M | -680M | -797M | -836M | -1.3B | -1.3B |
| Net Margin | -131.6% | -91.1% | -55.8% | -38.6% | -29.8% | -35.5% | -30.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | -35.4% | -10.9% | -13.5% | -14.6% | -16.1% | -24.6% | -112.3% |
| ROE | N/A | -10.9% | -13.5% | -14.6% | -16.1% | -31.4% | -63.3% |
| ROA | -34.4% | -9.1% | -10.2% | -10.3% | -10.2% | -14.9% | -16.4% |
| Cash Flow | |||||||
| Op. Cash Flow | -177M | -45M | 110M | 546M | 848M | 960M | 874M |
| Free Cash Flow | -195M | -80M | 94M | 521M | 813M | 913M | 777M |
| Owner Earnings | -258M | -357M | -516M | -379M | -440M | -702M | -962M |
| CapEx | 19M | 35M | 16M | 25M | 35M | 46M | 97M |
| Maint. CapEx | 3.5M | 9.8M | 21M | 64M | 120M | 183M | 212M |
| Growth CapEx | 15M | 25M | 0 | 0 | 0 | 0 | 0 |
| D&A | 3.5M | 9.8M | 21M | 64M | 120M | 183M | 212M |
| CapEx/OCF | N/A | N/A | 14.7% | 4.6% | 4.1% | 4.8% | 11.1% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 592M | 1.9B | 724M |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.9% | 3.1% | 1.6% |
| Stock-Based Comp | 78M | 301M | 605M | 862M | 1.2B | 1.5B | 1.6B |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 31M | 31M |
| Balance Sheet | |||||||
| Net Debt | -223M | -3.7B | -3.6B | -3.8B | -3.6B | -2.0B | -1.1B |
| Cash & Equiv. | 127M | 820M | 1.1B | 940M | 1.8B | 2.6B | 3.4B |
| Long-Term Debt | N/A | N/A | N/A | N/A | 0 | 2.3B | 2.3B |
| Debt/Equity | -0.39 | 0.04 | 0.04 | 0.05 | 0.06 | 0.90 | 1.07 |
| Interest Coverage | -31.0 | -72.5 | -78.3 | -11.4 | N/A | -527.7 | -527.7 |
| Equity | -545M | 4.9B | 5.0B | 5.5B | 5.2B | 3.0B | 2.1B |
| Total Assets | 1.0B | 5.9B | 6.6B | 7.7B | 8.2B | 9.0B | 8.2B |
| Total Liabilities | 621M | 985M | 1.6B | 2.3B | 3.0B | 6.0B | 6.1B |
| Intangibles | 4.8M | 16M | 37M | 186M | 331M | 278M | 257M |
| Retained Earnings | -700M | -1.2B | -1.9B | -2.7B | -4.1B | -7.3B | -9.0B |
| Working Capital | 249M | 3.5B | 3.2B | 3.0B | 2.3B | 2.6B | 1.2B |
| Current Assets | 665M | 4.3B | 4.6B | 5.0B | 5.0B | 5.9B | 4.6B |
| Current Liabilities | 416M | 789M | 1.4B | 2.0B | 2.7B | 3.3B | 3.4B |
| Per Share Data | |||||||
| EPS | -7.77 | -3.81 | -2.26 | -2.50 | -2.55 | -3.86 | -4.02 |
| Owner EPS | -0.90 | -1.13 | -1.72 | -1.19 | -1.34 | -2.11 | -2.81 |
| Book Value | -1.89 | 15.69 | 16.78 | 17.12 | 15.80 | 9.01 | 6.23 |
| Cash Flow/Share | -0.61 | -0.14 | 0.37 | 1.71 | 2.59 | 2.88 | -3.33 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 288.7M | 314.6M | 300.9M | 318.7M | 327.9M | 333.1M | 342.2M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | -33.4 |
| P/FCF | N/A | N/A | 811.8 | 97.6 | 81.7 | 68.6 | 59.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 17.4 | 15.1 | 9.3 | 12.8 | 20.9 | 21.5 |
| Price/Sales | N/A | 148.5 | 69.9 | 26.7 | 19.2 | 13.7 | 10.5 |
| FCF Yield | N/A | -0.1% | 0.1% | 1.0% | 1.2% | 1.5% | 1.7% |
| Market Cap | N/A | 85.9B | 76.3B | 50.8B | 66.4B | 62.6B | 45.9B |
| Avg. Price | N/A | 279.47 | 283.45 | 172.88 | 164.20 | 148.91 | 134.24 |
| Year-End Price | N/A | 273.13 | 253.52 | 159.36 | 202.51 | 188.02 | 134.24 |
Snowflake Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 59.1x vs a median of 81.7x. The company's 5-year average gross margin is 64.2%. Total shareholder yield (buybacks) is 1.6%. At current prices, the estimated annualized return to fair value is +74.4%.
Snowflake Inc. (SNOW) has a 5-year average return on invested capital (ROIC) of -15.9%. This is below average and may indicate limited pricing power.
Snowflake Inc. (SNOW) has a market capitalization of $45.9B. It is classified as a large-cap stock.
Snowflake Inc. (SNOW) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.58%.
Snowflake Inc. (SNOW) operates in the Services-Prepackaged Software industry, within the Technology sector.
Snowflake Inc. (SNOW) reported annual revenue of $3.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Snowflake Inc. (SNOW) has a net profit margin of -35.5%. The company is currently unprofitable.
Snowflake Inc. (SNOW) generated $913 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Snowflake Inc. (SNOW) has a debt-to-equity ratio of 0.90. This indicates moderate leverage.
Snowflake Inc. (SNOW) reported earnings per share (EPS) of $-3.86 in its most recent fiscal year.
Snowflake Inc. (SNOW) has a return on equity (ROE) of -31.4%. A negative ROE may indicate losses or negative equity.
Snowflake Inc. (SNOW) has a 5-year average gross margin of 64.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for Snowflake Inc. (SNOW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Snowflake Inc. (SNOW) has a book value per share of $9.01, based on its most recent annual SEC filing.