← Snowflake Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | — | — | ($539.1m) | ($679.9m) | ($797.5m) | ($838.0m) | ($1.3b) | ($1.3b) | |
| Depreciation and amortization | $1.4m | $3.5m | $9.8m | $21.5m | $63.5m | $119.9m | $182.5m | $220.4m | |
| Amortization of deferred commissions | $5.7m | $17.0m | $28.8m | $37.9m | $57.4m | $74.8m | $93.1m | $140.4m | |
| Amortization of debt issuance costs | — | — | — | — | $0 | $0 | $2.8m | $8.3m | |
| Deferred income tax | — | — | ($30k) | ($717k) | ($26.7m) | ($26.8m) | ($7.7m) | ($2.3m) | |
| Asset impairment related to office facility exit | — | — | — | — | — | $0 | $0 | $108.7m | |
| Non-cash operating lease costs | $3.2m | $27.7m | $33.5m | $35.6m | $46.2m | $52.9m | $59.9m | $66.5m | |
| Operating lease liabilities | ($2.5m) | ($13.5m) | ($31.3m) | ($38.2m) | ($42.3m) | ($40.5m) | ($47.7m) | ($26.9m) | |
| Stock-based compensation, net of amounts capitalized | $22.4m | $78.4m | $301.4m | $605.1m | $861.5m | $1.2b | $1.5b | $1.6b | |
| Net accretion of discounts on investments | ($5.0m) | ($5.5m) | $8.6m | $48.0m | $3.5m | ($61.5m) | ($43.4m) | ($21.8m) | |
| Net realized and unrealized losses (gains) on strategic investments in equity securities | — | — | — | ($27.6m) | $46.4m | ($46.8m) | $31.4m | $59.9m | |
| Non-cash restructuring charges (recoveries), net | — | — | — | — | — | $0 | $1.4m | ($11.2m) | |
| Other | $221k | $1.5m | $4.6m | $1.3m | $1.6m | $14.9m | $7.4m | ($1.2m) | |
| Accounts receivable | ($51.4m) | ($116.9m) | ($116.3m) | ($251.7m) | ($167.0m) | ($212.1m) | $536k | ($380.0m) | |
| Deferred commissions | ($36.3m) | ($68.6m) | ($51.4m) | ($95.9m) | ($95.1m) | ($134.8m) | ($101.6m) | ($305.1m) | |
| Prepaid expenses and other assets | ($9.1m) | ($10.8m) | ($62.3m) | ($159.2m) | ($2.9m) | $59.8m | $29.9m | ($44.5m) | |
| Accounts payable | $5.2m | $1.1m | ($2.9m) | $7.4m | $8.0m | $19.2m | $108.9m | ($8.3m) | |
| Accrued expenses and other liabilities | $20.8m | $35.0m | $58.3m | $79.8m | $74.5m | $171.0m | $70.9m | $393.3m | |
| Deferred revenue | $79.6m | $223.0m | $312.9m | $526.2m | $514.3m | $528.0m | $382.8m | $755.2m | |
| Purchases of property and equipment | ($2.1m) | ($18.6m) | ($35.0m) | ($16.2m) | ($25.1m) | ($35.1m) | ($46.3m) | ($101.6m) | |
| Capitalized software development costs | ($2.0m) | ($4.3m) | ($5.3m) | ($12.8m) | ($24.0m) | ($34.1m) | ($29.4m) | $0 | |
| Purchases of intangible assets | $0 | $0 | ($8.4m) | ($24.3m) | ($700k) | ($28.7m) | $0 | ($3.1m) | |
| Settlement of cash flow hedges | — | — | — | — | $0 | $0 | ($749k) | $0 | |
| Proceeds from exercise of stock options | $2.3m | $27.5m | $53.4m | $127.0m | $39.9m | $57.2m | $44.9m | $84.1m | |
| Payments of deferred purchase consideration for business combinations | — | $0 | ($1.2m) | ($1.1m) | ($1.8m) | $0 | ($250k) | ($1.9m) | |
| Gross proceeds from issuance of convertible senior notes | — | — | — | — | $0 | $0 | $2.3b | $0 | |
| Cash paid for issuance costs on convertible senior notes | — | — | — | — | $0 | $0 | ($31.2m) | $0 | |
| Purchases of capped calls related to convertible senior notes | — | — | — | — | $0 | $0 | ($195.5m) | $0 | |
| Property and equipment included in accounts payable and accrued expenses | $1.1m | $589k | $6.9m | $5.1m | $6.3m | $17.5m | $36.1m | $17.2m | |
| Stock-based compensation included in capitalized software development costs | $577k | $1.1m | $2.1m | $23.6m | $28.5m | $48.2m | $38.5m | $0 | |
| Restricted cash—included in other assets and prepaid expenses and other current assets | $6.0m | $14.8m | $15.0m | $16.8m | $16.8m | $18.2m | $69.9m | $36.1m | |
| Net cash provided by operating activities | ($144.0m) | ($176.6m) | ($45.4m) | $110.2m | $545.6m | $848.1m | $959.8m | $1.2b | |
| Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired | $0 | ($6.3m) | ($6.0m) | $0 | ($362.6m) | ($275.7m) | ($30.3m) | ($178.8m) | |
| Purchases of investments | ($738.4m) | ($622.9m) | ($4.9b) | ($4.3b) | ($3.9b) | ($2.5b) | ($2.6b) | ($2.0b) | |
| Sales of investments | $0 | $14.1m | $177.1m | $440.1m | $58.8m | $11.3m | $64.6m | $21.2m | |
| Maturities and redemptions of investments | $379.8m | $776.4m | $700.9m | $3.8b | $3.7b | $3.7b | $2.8b | $2.6b | |
| Net cash provided by investing activities | ($362.6m) | $138.5m | ($4.0b) | ($20.8m) | ($597.9m) | $832.3m | $190.6m | $312.2m | |
| Proceeds from issuance of common stock under employee stock purchase plan | — | $0 | $0 | $52.2m | $40.9m | $61.2m | $77.1m | $88.1m | |
| Issuance of common stock in connection with business combinations | — | — | $0 | $0 | $438.9m | $174.3m | $87.7m | $13.1m | |
| Repurchases of common stock | ($29.6m) | $0 | $0 | $0 | $0 | ($591.7m) | ($1.9b) | ($873.5m) | |
| Distributions to noncontrolling interest holders | — | — | — | — | — | $0 | $0 | ($9.3m) | |
| Net cash used in financing activities | $413.6m | $57.5m | $4.8b | $178.2m | ($92.6m) | ($854.1m) | ($226.5m) | ($1.4b) | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $0 | $0 | ($11k) | ($236k) | ($933k) | ($2.0m) | ($6.2m) | $16.8m | |
| Net increase in cash, cash equivalents, and restricted cash | ($93.0m) | $19.4m | $693.2m | $267.3m | ($145.8m) | $824.2m | $917.7m | $165.6m | |
| Cash, cash equivalents, and restricted cash—beginning of period | $122.6m | $142.0m | $835.2m | $1.1b | $956.7m | $1.8b | $2.7b | $2.9b | |
| Cash and cash equivalents | $116.5m | $127.2m | $820.2m | $1.1b | $939.9m | $1.8b | $2.6b | $2.8b | |
| Taxes paid related to net share settlement of equity awards | $235k | $1.4m | $0 | $0 | ($184.6m) | ($380.8m) | ($489.1m) | ($672.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.