Snowflake Inc.

For the period ended Jul 31, 2025. Filed Sep 5, 2025.

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, 2025 · Filed Sep 5, 2025

SNOW$295.76+1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

	Six Months Ended July 31,
	2025	2024
Cash flows from operating activities:
Net loss	$(727,882)	$(635,586)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	103,641	85,332
Non-cash operating lease costs	33,998	27,568
Amortization of deferred commissions	58,954	45,586
Stock-based compensation, net of amounts capitalized	783,677	687,936
Net accretion of discounts on investments	(13,369)	(24,772)
Net realized and unrealized losses on strategic investments in equity securities	35,265	27,203
Amortization of debt issuance costs	4,145	—
Asset impairment related to office facility exit	108,619	—
Deferred income tax	(3,445)	49
Other	(3,489)	1,918
Changes in operating assets and liabilities, net of effects of business combinations:
Accounts receivable	276,051	492,192
Deferred commissions	(84,864)	(36,754)
Prepaid expenses and other assets	(22,338)	33,347
Accounts payable	7,348	91,425
Accrued expenses and other liabilities	97,226	4,637
Operating lease liabilities	(26,397)	(25,289)
Deferred revenue	(323,871)	(349,459)
Net cash provided by operating activities	303,269	425,333
Cash flows from investing activities:
Purchases of property and equipment	(61,654)	(21,562)
Capitalized software development costs	—	(13,396)
Cash paid for business combinations, net of cash acquired	(164,230)	(8,906)
Purchases of intangible assets	(1,311)	—
Purchases of investments	(1,649,044)	(1,274,742)
Sales of investments	18,875	40,797
Maturities and redemptions of investments	1,502,129	1,511,458
Settlement of cash flow hedges	—	(749)
Net cash provided by (used in) investing activities	(355,235)	232,900
Cash flows from financing activities:
Proceeds from exercise of stock options	34,446	23,664
Proceeds from issuance of common stock under employee stock purchase plan	53,193	46,735
Taxes paid related to net share settlement of equity awards	(294,497)	(278,114)

	Six Months Ended July 31,
	2025	2024
Repurchases of common stock	(490,638)	(916,329)
Payments of deferred purchase consideration for business combinations	(600)	—
Net cash used in financing activities	(698,096)	(1,124,044)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	12,222	(1,909)
Net decrease in cash, cash equivalents, and restricted cash	(737,840)	(467,720)
Cash, cash equivalents, and restricted cash—beginning of period	2,698,678	1,780,977
Cash, cash equivalents, and restricted cash—end of period	$1,960,838	$1,313,257
Supplemental disclosures of non-cash investing and financing activities:
Property and equipment included in accounts payable and accrued expenses	$35,392	$20,168
Stock-based compensation included in capitalized software development costs	$—	$17,141
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities	$10,247	$4,719
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$1,880,720	$1,282,045
Restricted cash—included in other assets and prepaid expenses and other current assets	80,118	31,212
Total cash, cash equivalents, and restricted cash	$1,960,838	$1,313,257

ContentsView on SEC.gov

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