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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
| Three Months Ended October 31, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock(1) · Treasury Stock · Additional Paid-inCapital · AccumulatedOtherComprehensiveIncome · AccumulatedDeficit · Total Snowflake Inc. Stockholders’ Equity · Noncontrolling Interest · TotalStockholders’Equity | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| BALANCE—July 31, 2025 | 339,179 | $34 | (417) | $(56,968) | $10,939,122 | $2,782 | $(8,512,322) | $2,372,648 | $6,941 | $2,379,589 |
| Issuance of common stock upon exercise of stock options | 2,530 | — | — | — | 26,906 | — | — | 26,906 | — | 26,906 |
| Issuance of common stock under employee stock purchase plan | 263 | — | — | — | 34,930 | — | — | 34,930 | — | 34,930 |
| Vesting of restricted stock units | 2,377 | — | — | — | — | — | — | — | — | — |
| Shares withheld related to net share settlement of equity awards | (833) | — | — | — | (188,791) | — | — | (188,791) | — | (188,791) |
| Repurchases and retirement of common stock, including transaction costs and excise tax, if any | (1,043) | — | — | — | — | — | (232,896) | (232,896) | — | (232,896) |
| Reissuance of treasury stock upon settlement of equity awards | — | — | 9 | 1,254 | (1,254) | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | 411,752 | — | — | 411,752 | — | 411,752 |
| Distributions to noncontrolling interest holders and other adjustments | — | — | — | — | (4,479) | — | 4,479 | — | (9,295) | (9,295) |
| Other comprehensive income | — | — | — | — | — | 2,341 | — | 2,341 | — | 2,341 |
| Net income (loss) | — | — | — | — | — | — | (293,957) | (293,957) | 2,354 | (291,603) |
| BALANCE—October 31, 2025 | 342,473 | $34 | (408) | $(55,714) | $11,218,186 | $5,123 | $(9,034,696) | $2,132,933 | $— | $2,132,933 |
| Three Months Ended October 31, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock(1)(2) · Treasury Stock · Additional Paid-inCapital · AccumulatedOtherComprehensiveLoss · AccumulatedDeficit · Total Snowflake Inc. Stockholders’ Equity · Noncontrolling Interest · TotalStockholders’Equity | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| BALANCE—July 31, 2024 | 335,620 | $34 | (460) | $(62,800) | $9,822,965 | $(5,379) | $(5,625,819) | $4,129,001 | $8,587 | $4,137,588 |
| Issuance of common stock upon exercise of stock options | 2,010 | — | — | — | 11,551 | — | — | 11,551 | — | 11,551 |
| Issuance of common stock under employee stock purchase plan | 314 | — | — | — | 30,318 | — | — | 30,318 | — | 30,318 |
| Issuance of common stock in connection with a business combination subject to future vesting | 68 | — | — | — | — | — | — | — | — | — |
| Cancellation of common stock issued in connection with business combinations | (71) | — | — | — | (67) | — | — | (67) | — | (67) |
| Vesting of restricted stock units | 2,117 | — | — | — | — | — | — | — | — | — |
| Shares withheld related to net share settlement of equity awards | (712) | — | — | — | (80,213) | — | — | (80,213) | — | (80,213) |
| Repurchases and retirement of common stock, including transaction costs and excise tax, if any | (8,826) | (1) | — | — | — | — | (1,020,394) | (1,020,395) | — | (1,020,395) |
| Reissuance of treasury stock upon settlement of equity awards | — | — | 11 | 1,410 | (1,393) | — | — | 17 | — | 17 |
| Purchases of capped calls related to convertible senior notes | — | — | — | — | (195,500) | — | — | (195,500) | — | (195,500) |
| Stock-based compensation | — | — | — | — | 376,393 | — | — | 376,393 | — | 376,393 |
| Other comprehensive income | — | — | — | — | — | 2,619 | — | 2,619 | — | 2,619 |
| Net loss | — | — | — | — | — | — | (324,279) | (324,279) | (3,623) | (327,902) |
| BALANCE—October 31, 2024 | 330,520 | $33 | (449) | $(61,390) | $9,964,054 | $(2,760) | $(6,970,492) | $2,929,445 | $4,964 | $2,934,409 |
(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.
(2) In connection with a business combination completed during the three months ended January 31, 2024, the Company issued approximately 0.2 million shares of its 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, April 30, 2024, and July 31, 2024, and were subsequently transferred to the Company and retired during the three months ended October 31, 2024. These shares are not reflected in the table above.
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| Nine Months Ended October 31, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock(1) · Treasury Stock · Additional Paid-inCapital · Accumulated Other Comprehensive Income (Loss) · AccumulatedDeficit · Total Snowflake Inc. Stockholders’ Equity · Noncontrolling Interest · TotalStockholders’Equity | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| BALANCE—January 31, 2025 | 334,301 | $34 | (436) | $(59,505) | $10,355,211 | $(2,236) | $(7,293,575) | $2,999,929 | $6,714 | $3,006,643 |
| Issuance of common stock upon exercise of stock options | 6,942 | — | — | — | 63,584 | — | — | 63,584 | — | 63,584 |
| Issuance of common stock under employee stock purchase plan | 817 | — | — | — | 88,123 | — | — | 88,123 | — | 88,123 |
| Vesting of restricted stock units | 7,130 | — | — | — | — | — | — | — | — | — |
| Shares withheld related to net share settlement of equity awards | (2,460) | — | — | — | (486,261) | — | — | (486,261) | — | (486,261) |
| Repurchases and retirement of common stock, including transaction costs and excise tax, if any | (4,257) | — | — | — | — | — | (723,534) | (723,534) | — | (723,534) |
| Reissuance of treasury stock upon settlement of equity awards | — | — | 28 | 3,791 | (3,791) | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | 1,205,799 | — | — | 1,205,799 | — | 1,205,799 |
| Distributions to noncontrolling interest holders and other adjustments | — | — | — | — | (4,479) | — | 4,479 | — | (9,295) | (9,295) |
| Other comprehensive income | — | — | — | — | — | 7,359 | — | 7,359 | — | 7,359 |
| Net income (loss) | — | — | — | — | — | — | (1,022,066) | (1,022,066) | 2,581 | (1,019,485) |
| BALANCE—October 31, 2025 | 342,473 | $34 | (408) | $(55,714) | $11,218,186 | $5,123 | $(9,034,696) | $2,132,933 | $— | $2,132,933 |
| Nine Months Ended October 31, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock(1)(2) · Treasury Stock · Additional Paid-inCapital · AccumulatedOtherComprehensiveLoss · AccumulatedDeficit · Total Snowflake Inc. Stockholders’ Equity · Noncontrolling Interest · TotalStockholders’Equity | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| BALANCE—January 31, 2024 | 334,453 | $34 | (492) | $(67,140) | $9,331,238 | $(8,220) | $(4,075,604) | $5,180,308 | $10,286 | $5,190,594 |
| Issuance of common stock upon exercise of stock options | 5,196 | — | — | — | 35,031 | — | — | 35,031 | — | 35,031 |
| Issuance of common stock under employee stock purchase plan | 660 | — | — | — | 77,053 | — | — | 77,053 | — | 77,053 |
| Issuance of common stock in connection with a business combination | 1 | — | — | — | — | — | — | — | — | — |
| Issuance of common stock in connection with a business combination subject to future vesting | 68 | — | — | — | — | — | — | — | — | — |
| Cancellation of common stock issued in connection with business combinations | (71) | — | — | — | (67) | — | — | (67) | — | (67) |
| Vesting of restricted stock units | 7,569 | 1 | — | — | (1) | — | — | — | — | — |
| Shares withheld related to net share settlement of equity awards | (2,591) | — | — | — | (356,178) | — | — | (356,178) | — | (356,178) |
| Repurchases and retirement of common stock, including transaction costs and excise tax, if any | (14,765) | (2) | — | — | — | — | (1,936,722) | (1,936,724) | — | (1,936,724) |
| Reissuance of treasury stock upon settlement of equity awards | — | — | 43 | 5,750 | (5,650) | — | — | 100 | — | 100 |
| Purchases of capped calls related to convertible senior notes | — | — | — | — | (195,500) | — | — | (195,500) | — | (195,500) |
| Stock-based compensation | — | — | — | — | 1,078,128 | — | — | 1,078,128 | — | 1,078,128 |
| Other comprehensive income | — | — | — | — | — | 5,460 | — | 5,460 | — | 5,460 |
| Net loss | — | — | — | — | — | — | (958,166) | (958,166) | (5,322) | (963,488) |
| BALANCE—October 31, 2024 | 330,520 | $33 | (449) | $(61,390) | $9,964,054 | $(2,760) | $(6,970,492) | $2,929,445 | $4,964 | $2,934,409 |
(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.
(2) In connection with a business combination completed during the three months ended January 31, 2024, the Company issued approximately 0.2 million shares of its 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, April 30, 2024, and July 31, 2024, and were subsequently transferred to the Company and retired during the three months ended October 31, 2024. These shares are not reflected in the table above.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.