Snowflake Inc Financials
Snowflake Inc (SNOW) reported $4.7B in revenue for fiscal year 2026, up 29.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Snowflake converts persistent accounting losses into cash, while rising liabilities compress its balance-sheet cushion.
The latest year produced operating cash flow of$1.22B despite a net loss of-$1.33B , making reported earnings a poor proxy for near-term cash consumption; the gap points to non-cash charges and balance-sheet timing rather than profitable operations. Free cash flow reached$1.12B after just$102M of capital spending, showing that the current cash engine requires relatively modest reinvestment even while operating losses persist.
Gross margin reached
Debt-to-equity climbed from 0.3x to 3.7x across the reported period, making liabilities more consequential as the equity base shrank. Current ratio compressed to 1.3x from 3.3x, so liquidity remains positive but has less excess coverage of near-term obligations than earlier.
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Snowflake Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Snowflake Inc has an operating margin of -30.6%, meaning the company loses $31 on every $100 of revenue. This results in a profitability score of 32/100. This is up from -40.2% the prior year.
Snowflake Inc's revenue surged 29.2% year-over-year to $4.7B, reflecting rapid business expansion. This strong growth earns a score of 89/100.
Snowflake Inc has elevated debt relative to equity (D/E of 3.75), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 16/100, reflecting increased financial risk.
Snowflake Inc's current ratio of 1.30 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Snowflake Inc converts 23.9% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 92/100.
Snowflake Inc posts a -69.1% return on equity (ROE), meaning it loses $69 for every $100 of shareholders' equity. This results in a returns score of 30/100. This is down from -43.0% the prior year.
Snowflake Inc scores 8.31, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($115.3B) relative to total liabilities ($7.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Snowflake Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Snowflake Inc reported a net loss of $1.3B while generating $1.2B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Snowflake Inc reported an operating loss of $1.4B against $8.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Snowflake Inc generated $4.7B in revenue in fiscal year 2026. This represents an increase of 29.2% from the prior year.
Snowflake Inc's EBITDA was -$1.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.6% from the prior year.
Snowflake Inc reported -$1.3B in net income in fiscal year 2026. This represents a decrease of 3.1% from the prior year.
Snowflake Inc earned -$3.95 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 2.3% from the prior year.
Cash & Balance Sheet
Snowflake Inc generated $1.1B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 22.6% from the prior year.
Snowflake Inc held $2.8B in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Margins & Returns
Snowflake Inc's gross margin was 67.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
Snowflake Inc's operating margin was -30.6% in fiscal year 2026, reflecting core business profitability. This is up 9.5 percentage points from the prior year.
Snowflake Inc's net profit margin was -28.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 7.2 percentage points from the prior year.
Snowflake Inc's ROE was -69.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 26.1 percentage points from the prior year.
Capital Allocation
Snowflake Inc invested $2.0B in research and development in fiscal year 2026. This represents an increase of 10.4% from the prior year.
Snowflake Inc spent $873.5M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 54.8% from the prior year.
Snowflake Inc invested $101.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 119.6% from the prior year.
SNOW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B | $4.7B+29.2% | $3.6B+29.2% | $2.8B+35.9% | $2.1B+69.4% | $1.2B+106.0% | $592.0M+123.6% | $264.7M+173.9% | $96.7M |
| Cost of Revenue | $1.7B | $1.5B+26.6% | $1.2B+35.2% | $898.6M+25.2% | $717.5M+56.5% | $458.4M+89.0% | $242.6M+108.1% | $116.6M+125.2% | $51.8M |
| Gross Profit | $3.4B | $3.1B+30.5% | $2.4B+26.4% | $1.9B+41.5% | $1.3B+77.2% | $760.9M+117.7% | $349.5M+135.8% | $148.2M+230.0% | $44.9M |
| R&D Expenses | $2.0B | $2.0B+10.4% | $1.8B+38.5% | $1.3B+63.4% | $788.1M+68.8% | $466.9M+96.2% | $237.9M+126.3% | $105.2M+53.1% | $68.7M |
| SG&A Expenses | $468.8M | $549.7M+33.3% | $412.3M+27.6% | $323.0M+9.2% | $295.8M+11.6% | $265.0M+50.5% | $176.1M+63.8% | $107.5M+198.3% | $36.1M |
| Operating Income | -$1.3B | -$1.4B+1.4% | -$1.5B-33.0% | -$1.1B-30.0% | -$842.3M-17.8% | -$715.0M-31.5% | -$543.9M-51.9% | -$358.1M-93.1% | -$185.5M |
| Interest Expense | $8.3M | $8.3M+200.8% | $2.8M | $0 | $0 | N/A | N/A | N/A | N/A |
| Income Tax | $10.3M | $17.1M+316.4% | $4.1M+136.6% | -$11.2M+39.2% | -$18.5M-718.0% | $3.0M+44.9% | $2.1M+107.7% | $993K+21.1% | $820K |
| Net Income | -$1.2B | -$1.3B-3.1% | -$1.3B-53.8% | -$838.0M-5.1% | -$797.5M-17.3% | -$679.9M-26.1% | -$539.1M-54.7% | -$348.5M-95.8% | -$178.0M |
| EPS (Diluted) | — | -$3.95-2.3% | -$3.86-51.4% | -$2.55-2.0% | -$2.50-10.6% | -$2.26 | -$3.81 | -$7.77 | N/A |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SNOW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1B+1.1% | $9.0B+9.9% | $8.2B+6.5% | $7.7B+16.1% | $6.6B+12.3% | $5.9B+484.7% | $1.0B | N/A |
| Current Assets | $5.7B-2.2% | $5.9B+16.5% | $5.0B+1.1% | $5.0B+8.4% | $4.6B+6.9% | $4.3B+546.5% | $665.2M | N/A |
| Cash & Equivalents | $2.8B+7.6% | $2.6B+49.1% | $1.8B+87.5% | $939.9M-13.4% | $1.1B+32.4% | $820.2M+544.8% | $127.2M+9.2% | $116.5M |
| Accounts Receivable | $1.3B+41.3% | $922.8M-0.4% | $926.9M+29.5% | $715.8M+31.2% | $545.6M+85.6% | $294.0M+63.8% | $179.5M | N/A |
| Goodwill | $1.2B+13.0% | $1.1B+8.3% | $975.9M+48.5% | $657.4M+7680.4% | $8.4M0.0% | $8.4M+19.9% | $7.0M | $0 |
| Total Liabilities | $7.2B+19.6% | $6.0B+98.7% | $3.0B+34.6% | $2.3B+40.8% | $1.6B+62.5% | $985.3M-36.7% | $1.6B | N/A |
| Current Liabilities | $4.4B+33.9% | $3.3B+20.9% | $2.7B+37.0% | $2.0B+42.7% | $1.4B+77.0% | $789.3M+89.5% | $416.5M | N/A |
| Total Equity | $1.9B-35.9% | $3.0B-42.1% | $5.2B-5.1% | $5.5B+8.1% | $5.0B+2.3% | $4.9B+1006.2% | -$544.8M-74.3% | -$312.5M |
| Retained Earnings | -$9.5B-30.2% | -$7.3B-79.0% | -$4.1B-50.1% | -$2.7B-41.5% | -$1.9B-54.9% | -$1.2B-77.0% | -$700.3M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SNOW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $1.2B+27.3% | $959.8M+13.2% | $848.1M+55.4% | $545.6M+395.2% | $110.2M+342.6% | -$45.4M+74.3% | -$176.6M-22.6% | -$144.0M |
| Capital Expenditures | $67.1M | $101.6M+119.6% | $46.3M+31.9% | $35.1M+39.6% | $25.1M+54.9% | $16.2M-53.7% | $35.0M+88.5% | $18.6M+803.0% | $2.1M |
| Free Cash Flow | $1.2B | $1.1B+22.6% | $913.5M+12.4% | $813.0M+56.2% | $520.5M+454.0% | $94.0M+216.8% | -$80.5M+58.8% | -$195.1M-33.6% | -$146.0M |
| Investing Cash Flow | -$236.3M | $312.2M+63.8% | $190.6M-77.1% | $832.3M+239.2% | -$597.9M-2774.4% | -$20.8M+99.5% | -$4.0B-3014.7% | $138.5M+138.2% | -$362.6M |
| Financing Cash Flow | -$1.2B | -$1.4B-511.6% | -$226.5M+73.5% | -$854.1M-822.1% | -$92.6M-152.0% | $178.2M-96.3% | $4.8B+8209.3% | $57.5M-86.1% | $413.6M |
| Share Buybacks | $682.9M | $873.5M-54.8% | $1.9B+226.6% | $591.7M | $0 | $0 | $0 | $0-100.0% | $29.6M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SNOW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2%+0.7pp | 66.5%-1.5pp | 68.0%+2.7pp | 65.3%+2.9pp | 62.4%+3.4pp | 59.0%+3.1pp | 56.0%+9.5pp | 46.5% |
| Operating Margin | -30.6%+9.5pp | -40.2%-1.1pp | -39.0%+1.8pp | -40.8%+17.9pp | -58.6%+33.2pp | -91.9% | -135.3% | -191.9% |
| Net Margin | -28.4%+7.2pp | -35.5%-5.7pp | -29.9%+8.8pp | -38.6%+17.1pp | -55.8%+35.3pp | -91.1% | -131.7% | -184.2% |
| Return on Equity | -69.1%-26.1pp | -43.0%-26.8pp | -16.2%-1.6pp | -14.6%-1.2pp | -13.5%-2.5pp | -10.9% | N/A | N/A |
| Return on Assets | -14.5%-0.3pp | -14.3%-4.1pp | -10.2%+0.1pp | -10.3%-0.1pp | -10.2%-1.1pp | -9.1%+25.3pp | -34.4% | N/A |
| Current Ratio | 1.30-0.5x | 1.78-0.1x | 1.85-0.7x | 2.50-0.8x | 3.29-2.2x | 5.45+3.9x | 1.60 | N/A |
| Debt-to-Equity | 3.75+1.7x | 2.01+1.4x | 0.59+0.2x | 0.41+0.1x | 0.32+0.1x | 0.20 | N/A | N/A |
| FCF Margin | 23.9%-1.3pp | 25.2%-3.8pp | 29.0%+3.8pp | 25.2%+17.5pp | 7.7%+21.3pp | -13.6%+60.1pp | -73.7% | -151.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Snowflake Inc Ranks
Frequently Asked Questions
What is Snowflake Inc's annual revenue?
Snowflake Inc (SNOW) reported $4.7B in total revenue for fiscal year 2026. This represents a 29.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Snowflake Inc's revenue growing?
Snowflake Inc (SNOW) revenue grew by 29.2% year-over-year, from $3.6B to $4.7B in fiscal year 2026.
Is Snowflake Inc profitable?
No, Snowflake Inc (SNOW) reported a net income of -$1.3B in fiscal year 2026, with a net profit margin of -28.4%.
What is Snowflake Inc's EBITDA?
Snowflake Inc (SNOW) had EBITDA of -$1.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Snowflake Inc's gross margin?
Snowflake Inc (SNOW) had a gross margin of 67.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Snowflake Inc's operating margin?
Snowflake Inc (SNOW) had an operating margin of -30.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Snowflake Inc's net profit margin?
Snowflake Inc (SNOW) had a net profit margin of -28.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Snowflake Inc's return on equity (ROE)?
Snowflake Inc (SNOW) has a return on equity of -69.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Snowflake Inc's free cash flow?
Snowflake Inc (SNOW) generated $1.1B in free cash flow during fiscal year 2026. This represents a 22.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Snowflake Inc's operating cash flow?
Snowflake Inc (SNOW) generated $1.2B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Snowflake Inc's total assets?
Snowflake Inc (SNOW) had $9.1B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Snowflake Inc's capital expenditures?
Snowflake Inc (SNOW) invested $101.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Snowflake Inc spend on research and development?
Snowflake Inc (SNOW) invested $2.0B in research and development during fiscal year 2026.
What is Snowflake Inc's current ratio?
Snowflake Inc (SNOW) had a current ratio of 1.30 as of fiscal year 2026, which is considered adequate.
What is Snowflake Inc's debt-to-equity ratio?
Snowflake Inc (SNOW) had a debt-to-equity ratio of 3.75 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Snowflake Inc's return on assets (ROA)?
Snowflake Inc (SNOW) had a return on assets of -14.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Snowflake Inc's Altman Z-Score?
Snowflake Inc (SNOW) has an Altman Z-Score of 8.31, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Snowflake Inc's Piotroski F-Score?
Snowflake Inc (SNOW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Snowflake Inc's earnings high quality?
Snowflake Inc (SNOW) reported a net loss of $1.3B while generating $1.2B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Snowflake Inc cover its interest payments?
Snowflake Inc (SNOW) reported an operating loss of $1.4B against $8.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Snowflake Inc?
Snowflake Inc (SNOW) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.