Snowflake Inc.
For the period ended Jan 31, 2025. Filed Mar 21, 2025.
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FY2025 · Filed Mar 21, 2025
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Consolidated Balance Sheets
| January 31, 2025 | January 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,628,798 | $1,762,749 |
| Short-term investments | 2,008,873 | 2,083,499 |
| Accounts receivable, net | 922,805 | 926,902 |
| Deferred commissions, current | 97,662 | 86,096 |
| Prepaid expenses and other current assets | 211,234 | 180,018 |
| Total current assets | 5,869,372 | 5,039,264 |
| Long-term investments | 656,476 | 916,307 |
| Property and equipment, net | 296,393 | 247,464 |
| Operating lease right-of-use assets | 359,439 | 252,128 |
| Goodwill | 1,056,559 | 975,906 |
| Intangible assets, net | 278,028 | 331,411 |
| Deferred commissions, non-current | 183,967 | 187,093 |
| Other assets | 333,704 | 273,810 |
| Total assets | $9,033,938 | $8,223,383 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $169,767 | $51,721 |
| Accrued expenses and other current liabilities | 515,454 | 446,860 |
| Operating lease liabilities, current | 35,923 | 33,944 |
| Deferred revenue, current | 2,580,039 | 2,198,705 |
| Total current liabilities | 3,301,183 | 2,731,230 |
| Convertible senior notes, net | 2,271,529 | — |
| Operating lease liabilities, non-current | 377,818 | 254,037 |
| Deferred revenue, non-current | 15,501 | 14,402 |
| Other liabilities | 61,264 | 33,120 |
| Total liabilities | 6,027,295 | 3,032,789 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each January 31, 2025 and 2024 | — | — |
| Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized; 334,301 and 334,453 shares issued as of January 31, 2025 and 2024, respectively(1); 333,865 and 333,961 shares outstanding as of January 31, 2025 and 2024, respectively(1); 185,461 Class B shares authorized, zero shares issued and outstanding as of each January 31, 2025 and 2024 | 34 | 34 |
| Treasury stock, at cost; 436 shares and 492 shares held as of January 31, 2025 and 2024, respectively(1) | (59,505) | (67,140) |
| Additional paid-in capital | 10,355,211 | 9,331,238 |
| Accumulated other comprehensive loss | (2,236) | (8,220) |
| Accumulated deficit | (7,293,575) | (4,075,604) |
| Total Snowflake Inc. stockholders’ equity | 2,999,929 | 5,180,308 |
| Noncontrolling interest | 6,714 | 10,286 |
| Total stockholders’ equity | 3,006,643 | 5,190,594 |
| Total liabilities and stockholders’ equity | $9,033,938 | $8,223,383 |
(1)In connection with a business combination completed on December 20, 2023, the Company issued approximately 0.2 million shares of its Class A common stock to one of its wholly-owned subsidiaries, in exchange for a noncontrolling equity interest in the acquired company that was held by the subsidiary prior to this business combination. These shares were treated as treasury stock for accounting purposes as of January 31, 2024, and were subsequently transferred to the Company and retired during the fiscal year ended January 31, 2025. These shares are not reflected in the Company’s consolidated balance sheets. See Note 7, “Business Combinations,” and Note 12, “Equity,” for further details.
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