Snowflake Financial Statements
NYSE: SNOWTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Snowflake revenue and earnings
In fiscal 2026, Snowflake generated $4.68 billion in revenue, up 29.2% from fiscal 2025, its 7th consecutive year of revenue growth. Snowflake reported a net loss of $1.33 billion, compared with a loss of $1.29 billion a year earlier. Gross margin was 67.2% (up from 66.5%) and operating margin -30.6%.
Diluted earnings per share came in at -$3.95. Over the last 5 fiscal years, SNOW's revenue has grown at a 51.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Snowflake income statement (annual)
| Fiscal year (USD) | FY 20262026-01-31 | FY 20252025-01-31 | FY 20242024-01-31 | FY 20232023-01-31 | FY 20222022-01-31 | FY 20212021-01-31 | FY 20202020-01-31 | FY 20192019-01-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.68B | 3.63B | 2.81B | 2.07B | 1.22B | 592.05M | 264.75M | 96.67M |
| Revenue growth (YoY) | +29.16% | +29.21% | +35.86% | +69.41% | +105.95% | +123.63% | +173.88% | — |
| Cost of Revenue | 1.54B | 1.21B | 898.56M | 717.54M | 458.43M | 242.59M | 116.56M | 51.75M |
| Gross Profit | 3.15B | 2.41B | 1.91B | 1.35B | 760.89M | 349.46M | 148.19M | 44.91M |
| Operating Expenses | 4.58B | 3.87B | 3.00B | 2.19B | 1.48B | 893.40M | 506.28M | 230.38M |
| Research & Development | 1.97B | 1.78B | 1.29B | 788.06M | 466.93M | 237.95M | 105.16M | 68.68M |
| Selling, General & Admin | 2.61B | 2.08B | 1.71B | 1.40B | 1.01B | 655.45M | 401.12M | 161.70M |
| Operating Income | -1.44B | -1.46B | -1.09B | -842.27M | -715.04M | -543.94M | -358.09M | -185.47M |
| Interest Expense | 8.30M | 2.76M | 0 | 0 | — | — | — | — |
| Other Income (Expense) | -59.00M | -35.34M | 44.89M | -47.56M | 28.95M | -610.00K | -1.00M | -502.00K |
| Pretax Income | -1.31B | -1.29B | -849.22M | -815.99M | -676.96M | -537.04M | -347.54M | -177.21M |
| Income Tax | 17.13M | 4.11M | -11.23M | -18.47M | 2.99M | 2.06M | 993.00K | 820.00K |
| Net Income | -1.33B | -1.29B | -836.10M | -796.71M | -679.95M | -539.10M | -348.54M | -178.03M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — |
| EPS (Basic) | -3.95 | -3.86 | -2.55 | -2.50 | -2.26 | -3.81 | -7.77 | -4.67 |
| EPS (Diluted) | -3.95 | -3.86 | -2.55 | -2.50 | -2.26 | -3.81 | -7.77 | -4.67 |
| Shares Outstanding (Basic) | 337.49M | 332.71M | 328.00M | 318.73M | 300.27M | 141.61M | 44.85M | 38.16M |
| Shares Outstanding (Diluted) | 337.49M | 332.71M | 328.00M | 318.73M | 300.27M | 141.61M | 44.85M | 38.16M |
| EBITDA | -1.21B | -1.27B | -974.87M | -778.73M | -693.54M | -534.11M | -354.57M | -184.10M |
| Gross Margin | 67.17% | 66.50% | 67.98% | 65.26% | 62.40% | 59.03% | 55.97% | 46.46% |
| Operating Margin | -30.64% | -40.15% | -39.01% | -40.77% | -58.64% | -91.87% | -135.26% | -191.86% |
| Net Margin | -28.43% | -35.45% | -29.79% | -38.57% | -55.76% | -91.06% | -131.65% | -184.17% |
This table shows 8 annual periods of Snowflake's income statement, from FY 2026 back to FY 2019, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SNOW's reporting calendar. What is a income statement?