Snowflake Inc.
For the period ended Jan 31, 2026. Filed Mar 20, 2026.
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FY2026 · Filed Mar 20, 2026
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Consolidated Statements of Operations
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Revenue | $4,683,946 | $3,626,396 | $2,806,489 |
| Cost of revenue | 1,537,805 | 1,214,673 | 898,558 |
| Gross profit | 3,146,141 | 2,411,723 | 1,907,931 |
| Operating expenses: | |||
| Sales and marketing | 2,062,137 | 1,672,092 | 1,391,747 |
| Research and development | 1,969,472 | 1,783,379 | 1,287,949 |
| General and administrative | 549,697 | 412,262 | 323,008 |
| Total operating expenses | 4,581,306 | 3,867,733 | 3,002,704 |
| Operating loss | (1,435,165) | (1,456,010) | (1,094,773) |
| Interest income | 190,556 | 209,009 | 200,663 |
| Interest expense | (8,298) | (2,759) | — |
| Other income (expense), net | (59,003) | (35,339) | 44,887 |
| Loss before income taxes | (1,311,910) | (1,285,099) | (849,223) |
| Provision for (benefit from) income taxes | 17,125 | 4,113 | (11,233) |
| Net loss | (1,329,035) | (1,289,212) | (837,990) |
| Less: net income (loss) attributable to noncontrolling interest | 2,581 | (3,572) | (1,893) |
| Net loss attributable to Snowflake Inc. | $(1,331,616) | $(1,285,640) | $(836,097) |
| Net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted(1) | $(3.95) | $(3.86) | $(2.55) |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—basic and diluted(1) | 337,493 | 332,707 | 328,001 |
(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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