Snowflake Inc.
For the period ended Jul 31, 2025. Filed Sep 5, 2025.
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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.
Jul 31, 2025 · Filed Sep 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| July 31, 2025 | January 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,880,720 | $2,628,798 |
| Short-term investments | 1,705,988 | 2,008,873 |
| Accounts receivable, net | 646,682 | 922,805 |
| Deferred commissions, current | 129,873 | 97,662 |
| Prepaid expenses and other current assets | 232,864 | 211,234 |
| Total current assets | 4,596,127 | 5,869,372 |
| Long-term investments | 1,012,904 | 656,476 |
| Property and equipment, net | 283,051 | 296,393 |
| Operating lease right-of-use assets | 262,419 | 359,439 |
| Goodwill | 1,174,978 | 1,056,559 |
| Intangible assets, net | 285,448 | 278,028 |
| Deferred commissions, non-current | 187,206 | 183,967 |
| Other assets | 394,594 | 333,704 |
| Total assets | $8,196,727 | $9,033,938 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $166,786 | $169,767 |
| Accrued expenses and other current liabilities | 622,800 | 515,454 |
| Operating lease liabilities, current | 38,109 | 35,923 |
| Deferred revenue, current | 2,268,387 | 2,580,039 |
| Total current liabilities | 3,096,082 | 3,301,183 |
| Convertible senior notes, net | 2,275,674 | 2,271,529 |
| Operating lease liabilities, non-current | 378,546 | 377,818 |
| Deferred revenue, non-current | 11,540 | 15,501 |
| Other liabilities | 55,296 | 61,264 |
| Total liabilities | 5,817,138 | 6,027,295 |
| 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 July 31, 2025 and January 31, 2025 | — | — |
| Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized, 339,179 and 334,301 shares issued as of July 31, 2025 and January 31, 2025, respectively; 338,762 and 333,865 shares outstanding as of July 31, 2025 and January 31, 2025, respectively; zero and 185,461 Class B shares authorized as of July 31, 2025 and January 31, 2025, respectively, zero shares issued and outstanding as of each July 31, 2025 and January 31, 2025(1) | 34 | 34 |
| Treasury stock, at cost; 417 and 436 shares held as of July 31, 2025 and January 31, 2025, respectively | (56,968) | (59,505) |
| Additional paid-in capital | 10,939,122 | 10,355,211 |
| Accumulated other comprehensive income (loss) | 2,782 | (2,236) |
| Accumulated deficit | (8,512,322) | (7,293,575) |
| Total Snowflake Inc. stockholders’ equity | 2,372,648 | 2,999,929 |
| Noncontrolling interest | 6,941 | 6,714 |
| Total stockholders’ equity | 2,379,589 | 3,006,643 |
| Total liabilities and stockholders’ equity | $8,196,727 | $9,033,938 |
(1)On July 3, 2025, all authorized shares of the Company’s Class B common stock were eliminated and the Company’s Class A common stock was renamed to “common stock”, pursuant to the terms of the Company’s amended and restated certificate of incorporation. Unless otherwise noted, all references herein to the Company’s common stock refer to the Class A common stock prior to the effectiveness of the certificate. See Note 12, “Equity,” for further details.
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