Snowflake Inc.
For the period ended Oct 31, 2025. Filed Dec 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.
Oct 31, 2025 · Filed Dec 5, 2025
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 Cash Flows
| Nine Months Ended October 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(1,019,485) | $(963,488) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 161,519 | 132,378 |
| Non-cash operating lease costs | 49,762 | 42,370 |
| Amortization of deferred commissions | 95,412 | 68,835 |
| Stock-based compensation, net of amounts capitalized | 1,195,955 | 1,051,195 |
| Net accretion of discounts on investments | (18,469) | (33,869) |
| Net realized and unrealized losses on strategic investments in equity securities | 35,520 | 35,814 |
| Amortization of debt issuance costs | 6,220 | 689 |
| Asset impairment related to office facility exit | 108,715 | — |
| Deferred income tax | (3,445) | (532) |
| Non-cash restructuring charges (recoveries), net | (11,159) | 1,146 |
| Other | (2,273) | 3,733 |
| Changes in operating assets and liabilities, net of effects of business combinations: | ||
| Accounts receivable | (12,625) | 328,704 |
| Deferred commissions | (181,680) | (62,785) |
| Prepaid expenses and other assets | (2,515) | 42,456 |
| Accounts payable | 36,296 | 102,721 |
| Accrued expenses and other liabilities | 217,846 | 38,702 |
| Operating lease liabilities | (42,387) | (34,344) |
| Deferred revenue | (172,419) | (226,686) |
| Net cash provided by operating activities | 440,788 | 527,039 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (85,559) | (35,002) |
| Capitalized software development costs | — | (23,428) |
| Cash paid for business combinations, net of cash acquired | (164,230) | (17,125) |
| Purchases of intangible assets | (1,311) | — |
| Purchases of investments | (1,990,216) | (2,288,985) |
| Sales of investments | 19,397 | 54,394 |
| Maturities and redemptions of investments | 2,114,923 | 2,276,653 |
| Settlement of cash flow hedges | — | (749) |
| Net cash used in investing activities | (106,996) | (34,242) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 63,295 | 35,212 |
| Proceeds from issuance of common stock under employee stock purchase plan | 88,123 | 77,053 |
| Taxes paid related to net share settlement of equity awards | (485,221) | (359,607) |
| Repurchases of common stock | (723,534) | (1,932,333) |
| Distributions to noncontrolling interest holders | (2,145) | — |
| Payments of deferred purchase consideration for business combinations | (600) | — |
| Nine Months Ended October 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Gross proceeds from issuance of convertible senior notes | — | 2,300,000 |
| Cash paid for issuance costs on convertible senior notes | — | (31,230) |
| Purchases of capped calls related to convertible senior notes | — | (195,500) |
| Net cash used in financing activities | (1,060,082) | (106,405) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 12,243 | (1,131) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (714,047) | 385,261 |
| Cash, cash equivalents, and restricted cash—beginning of period | 2,698,678 | 1,780,977 |
| Cash, cash equivalents, and restricted cash—end of period | $1,984,631 | $2,166,238 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Property and equipment included in accounts payable and accrued expenses | $23,275 | $21,198 |
| Stock-based compensation included in capitalized software development costs | $— | $29,081 |
| Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities | $8,315 | $3,438 |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $1,941,657 | $2,148,928 |
| Restricted cash—included in other assets and prepaid expenses and other current assets | 42,974 | 17,310 |
| Total cash, cash equivalents, and restricted cash | $1,984,631 | $2,166,238 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.