Snowflake Inc

For the period ended Jul 31, 2024. Filed Aug 29, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jul 31, 2024 · Filed Aug 29, 2024

SNOW$291.14+5.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

	Three Months Ended July 31,		Six Months Ended July 31,
	2024	2023	2024	2023
Revenue	$868,823	$674,018	$1,697,532	$1,297,617
Cost of revenue	288,078	218,392	560,595	427,806
Gross profit	580,745	455,626	1,136,937	869,811
Operating expenses:
Sales and marketing	400,625	343,288	801,447	674,846
Research and development	437,660	313,996	848,454	591,408
General and administrative	97,763	83,749	190,911	162,202
Total operating expenses	936,048	741,033	1,840,812	1,428,456
Operating loss	(355,303)	(285,407)	(703,875)	(558,645)
Interest income	49,265	50,280	104,044	93,411
Other income (expense), net	(7,946)	4,086	(29,248)	1,524
Loss before income taxes	(313,984)	(231,041)	(629,079)	(463,710)
Provision for (benefit from) income taxes	3,786	(3,721)	6,507	(10,326)
Net loss	(317,770)	(227,320)	(635,586)	(453,384)
Less: net loss attributable to noncontrolling interest	(871)	(453)	(1,699)	(890)
Net loss attributable to Snowflake Inc.	$(316,899)	$(226,867)	$(633,887)	$(452,494)
Net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted	$(0.95)	$(0.69)	$(1.90)	$(1.39)
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted	334,071	327,335	333,830	325,772

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.