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 Statements of Operations
(in thousands, except per share data)
| Three Months Ended July 31, | Six Months Ended July 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $1,144,969 | $868,823 | $2,187,043 | $1,697,532 |
| Cost of revenue | 371,815 | 288,078 | 720,601 | 560,595 |
| Gross profit | 773,154 | 580,745 | 1,466,442 | 1,136,937 |
| Operating expenses: | ||||
| Sales and marketing | 501,957 | 400,625 | 960,511 | 801,447 |
| Research and development | 492,003 | 437,660 | 964,407 | 848,454 |
| General and administrative | 119,470 | 97,763 | 329,057 | 190,911 |
| Total operating expenses | 1,113,430 | 936,048 | 2,253,975 | 1,840,812 |
| Operating loss | (340,276) | (355,303) | (787,533) | (703,875) |
| Interest income | 49,467 | 49,265 | 102,630 | 104,044 |
| Interest expense | (2,074) | — | (4,145) | — |
| Other expense, net | (4,985) | (7,946) | (33,043) | (29,248) |
| Loss before income taxes | (297,868) | (313,984) | (722,091) | (629,079) |
| Provision for income taxes | 62 | 3,786 | 5,791 | 6,507 |
| Net loss | (297,930) | (317,770) | (727,882) | (635,586) |
| Less: net income (loss) attributable to noncontrolling interest | 87 | (871) | 227 | (1,699) |
| Net loss attributable to Snowflake Inc. | $(298,017) | $(316,899) | $(728,109) | $(633,887) |
| Net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted(1) | $(0.89) | $(0.95) | $(2.18) | $(1.90) |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted(1) | 335,215 | 334,071 | 333,957 | 333,830 |
(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,” and Note 14, “Net Loss per Share,” for further details.
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