← Snowflake Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.7m | $264.7m | $592.0m | $1.2b | $2.1b | $2.8b | $3.6b | $4.7b | |
| Cost of revenue | $51.8m | $116.6m | $242.6m | $458.4m | $717.5m | $898.6m | $1.2b | $1.5b | |
| Gross profit | $44.9m | $148.2m | $349.5m | $760.9m | $1.3b | $1.9b | $2.4b | $3.1b | |
| Research and development | $68.7m | $105.2m | $237.9m | $466.9m | $788.1m | $1.3b | $1.8b | $2.0b | |
| Total operating expenses | $230.4m | $506.3m | $893.4m | $1.5b | $2.2b | $3.0b | $3.9b | $4.6b | |
| Sales and marketing | $125.6m | $293.6m | $479.3m | $744.0m | $1.1b | $1.4b | $1.7b | $2.1b | |
| General and administrative | $36.1m | $107.5m | $176.1m | $265.0m | $295.8m | $323.0m | $412.3m | $549.7m | |
| Operating loss | ($185.5m) | ($358.1m) | ($543.9m) | ($715.0m) | ($842.3m) | ($1.1b) | ($1.5b) | ($1.4b) | |
| Interest income | $8.8m | $11.6m | $7.5m | $9.1m | $73.8m | $200.7m | $209.0m | $190.6m | |
| Loss before income taxes | ($177.2m) | ($347.5m) | ($537.0m) | ($677.0m) | ($816.0m) | ($849.2m) | ($1.3b) | ($1.3b) | |
| Provision for (benefit from) income taxes | $820k | $993k | $2.1m | $3.0m | ($18.5m) | ($11.2m) | $4.1m | $17.1m | |
| Net loss | — | — | ($539.1m) | ($679.9m) | ($797.5m) | ($838.0m) | ($1.3b) | ($1.3b) | |
| Net loss attributable to Snowflake Inc. | ($178.0m) | ($348.5m) | ($539.1m) | ($679.9m) | ($796.7m) | ($836.1m) | ($1.3b) | ($1.3b) | |
| Less: net income (loss) attributable to noncontrolling interest | — | — | $0 | $0 | ($821k) | ($1.9m) | ($3.6m) | $2.6m | |
| Net loss per share attributable to Snowflake Inc. common stockholders—basic (in dollars per share) | — | ($8) | ($4) | ($2) | ($2) | ($3) | ($4) | ($4) | |
| Net loss per share attributable to Snowflake Inc. common stockholders—diluted (in dollars per share) | — | ($8) | ($4) | ($2) | ($2) | ($3) | ($4) | ($4) | |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—basic (in shares) | — | ($8) | ($4) | ($2) | ($3) | ($3) | ($4) | ($4) | |
| Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. common stockholders—diluted (in shares) | — | ($8) | ($4) | ($2) | ($3) | ($3) | ($4) | ($4) | |
| Interest expense | — | — | — | — | $0 | $0 | ($2.8m) | ($8.3m) | |
| Other income (expense), net | ($502k) | ($1.0m) | ($610k) | $28.9m | ($47.6m) | $44.9m | ($35.3m) | ($59.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.