Snowflake Inc
For the period ended Oct 31, 2024. Filed Nov 27, 2024.
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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.
Oct 31, 2024 · Filed Nov 27, 2024
SNOW$295.76+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended October 31, | Nine Months Ended October 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $942,094 | $734,173 | $2,639,626 | $2,031,790 |
| Cost of revenue | 320,894 | 228,948 | 881,489 | 656,754 |
| Gross profit | 621,200 | 505,225 | 1,758,137 | 1,375,036 |
| Operating expenses: | ||||
| Sales and marketing | 437,962 | 355,079 | 1,239,409 | 1,029,925 |
| Research and development | 442,435 | 332,065 | 1,290,889 | 923,473 |
| General and administrative | 106,260 | 78,704 | 297,171 | 240,906 |
| Total operating expenses | 986,657 | 765,848 | 2,827,469 | 2,194,304 |
| Operating loss | (365,457) | (260,623) | (1,069,332) | (819,268) |
| Interest income | 48,655 | 53,491 | 152,699 | 146,902 |
| Interest expense | (689) | — | (689) | — |
| Other expense, net | (8,474) | (4,170) | (37,722) | (2,646) |
| Loss before income taxes | (325,965) | (211,302) | (955,044) | (675,012) |
| Provision for (benefit from) income taxes | 1,937 | 3,392 | 8,444 | (6,934) |
| Net loss | (327,902) | (214,694) | (963,488) | (668,078) |
| Less: net loss attributable to noncontrolling interest | (3,623) | (443) | (5,322) | (1,333) |
| Net loss attributable to Snowflake Inc. | $(324,279) | $(214,251) | $(958,166) | $(666,745) |
| Net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted | $(0.98) | $(0.65) | $(2.88) | $(2.04) |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted | 331,761 | 329,310 | 333,136 | 326,964 |
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