Snowflake Inc
For the period ended Jan 31, 2024. Filed Mar 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $2,806,489 | $2,065,659 | $1,219,327 |
| Cost of revenue | 898,558 | 717,540 | 458,433 |
| Gross profit | 1,907,931 | 1,348,119 | 760,894 |
| Operating expenses: | |||
| Sales and marketing | 1,391,747 | 1,106,507 | 743,965 |
| Research and development | 1,287,949 | 788,058 | 466,932 |
| General and administrative | 323,008 | 295,821 | 265,033 |
| Total operating expenses | 3,002,704 | 2,190,386 | 1,475,930 |
| Operating loss | (1,094,773) | (842,267) | (715,036) |
| Interest income | 200,663 | 73,839 | 9,129 |
| Other income (expense), net | 44,887 | (47,565) | 28,947 |
| Loss before income taxes | (849,223) | (815,993) | (676,960) |
| Provision for (benefit from) income taxes | (11,233) | (18,467) | 2,988 |
| Net loss | (837,990) | (797,526) | (679,948) |
| Less: net loss attributable to noncontrolling interest | (1,893) | (821) | — |
| Net loss attributable to Snowflake Inc. | $(836,097) | $(796,705) | $(679,948) |
| Net loss per share attributable to Snowflake Inc. Class A and Class B common stockholders—basic and diluted(1) | $(2.55) | $(2.50) | $(2.26) |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A and Class B common stockholders—basic and diluted(1) | 328,001 | 318,730 | 300,273 |
(1)On March 1, 2021, all shares of the Company’s then-outstanding Class B common stock were automatically converted into the same number of shares of Class A common stock, pursuant to the terms of the Company’s amended and restated certificate of incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 11, “Equity,” for further details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.