Snowflake Inc.
For the period ended Jul 31, 2026. Filed Sep 4, 2026.
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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, 2026 · Filed Sep 4, 2026
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
| Six Months Ended July 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(487,291) | $(727,882) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 136,234 | 103,641 |
| Non-cash operating lease costs | 35,551 | 33,998 |
| Amortization of deferred commissions | 117,473 | 58,954 |
| Stock-based compensation, net of any amounts capitalized | 826,052 | 783,677 |
| Net accretion of discounts on investments | (3,286) | (13,369) |
| Net realized and unrealized losses (gains) on strategic investments | (25,257) | 35,265 |
| Amortization of debt issuance costs | 4,161 | 4,145 |
| Asset impairment related to office facility exits | 17,836 | 108,619 |
| Deferred income tax | (8,489) | (3,445) |
| Other | 7,355 | (3,489) |
| Changes in operating assets and liabilities, net of effects of business combinations: | ||
| Accounts receivable | 600,630 | 276,051 |
| Deferred commissions | (106,320) | (84,864) |
| Prepaid expenses and other assets | (351) | (22,338) |
| Accounts payable | 41,231 | 7,348 |
| Accrued expenses and other liabilities | 28,056 | 97,226 |
| Operating lease liabilities | (41,842) | (26,397) |
| Deferred revenue | (807,163) | (323,871) |
| Net cash provided by operating activities | 334,580 | 303,269 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (18,005) | (61,654) |
| Cash paid for business combinations, net of cash, cash equivalents and restricted cash acquired | (254,449) | (164,230) |
| Purchases of intangible assets | — | (1,311) |
| Purchases of investments | (1,816,116) | (1,649,044) |
| Sales of investments | 238,456 | 18,875 |
| Maturities and redemptions of investments | 896,186 | 1,502,129 |
| Net cash used in investing activities | (953,928) | (355,235) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 74,424 | 34,446 |
| Proceeds from issuance of common stock under employee stock purchase plan | 66,987 | 53,193 |
| Taxes paid related to net share settlement of equity awards | (327,742) | (294,497) |
| Repurchases of common stock | (300,003) | (490,638) |
| Payments of deferred purchase consideration for business combinations | (2,250) | (600) |
| Net cash used in financing activities | (488,584) | (698,096) |
| Six Months Ended July 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (4,684) | 12,222 |
| Net decrease in cash, cash equivalents, and restricted cash | (1,112,616) | (737,840) |
| Cash, cash equivalents, and restricted cash—beginning of period | 2,864,303 | 2,698,678 |
| Cash, cash equivalents, and restricted cash—end of period | $1,751,687 | $1,960,838 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Property and equipment included in accounts payable and accrued expenses | $9,545 | $35,392 |
| Non-cash consideration for business combinations | $420,590 | $— |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $1,707,187 | $1,880,720 |
| Restricted cash—included in other assets and prepaid expenses and other current assets | 44,500 | 80,118 |
| Total cash, cash equivalents, and restricted cash | $1,751,687 | $1,960,838 |
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