Snowflake Inc.

SNOW 10-Q · Q1 2027

SNOW Q1 2027 request

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Income Statement

Income Statement
Metric Q1 2027 Q1 2026 YoY
Revenue 1,390,951 1,042,074 +33.5%
Show Product Lines breakouts
Product 1,334,329 996,813 +33.9%
Professional services and other revenue 56,622 45,261 +25.1%
Show Business Segments breakouts
Reportable Segment 1,390,951 1,042,074 +33.5%
Show Geography breakouts
Asia-Pacific and Japan 80,806 59,097 +36.7%
EMEA 230,617 168,809 +36.6%
Other Americas 36,009 29,661 +21.4%
US 1,043,519 784,507 +33.0%
Cost of Revenue 464,500 348,786 +33.2%
Show Product Lines breakouts
Product · Reportable Segment 386,874 285,276 +35.6%
Professional services and other revenue · Reportable Segment 77,626 63,510 +22.2%
Gross Profit 926,451 693,288 +33.6%
Sales & Marketing 588,952 458,554 +28.4%
Show Business Segments breakouts
Reportable Segment 588,952 458,554 +28.4%
Research & Development 534,937 472,404 +13.2%
Show Business Segments breakouts
Reportable Segment 534,937 472,404 +13.2%
General & Administrative 128,716 209,587 -38.6%
Show Business Segments breakouts
Reportable Segment 128,716 209,587 -38.6%
Operating Expenses 1,252,605 1,140,545 +9.8%
Operating Income -326,154 -447,257 +27.1%
Investment Income Nonoperating 41,145 53,163 -22.6%
Show Business Segments breakouts
Reportable Segment -41,145 -53,163 +22.6%
Interest Expense -2,080 -2,071 -0.4%
Show Business Segments breakouts
Reportable Segment 2,080 2,071 +0.4%
Other Non-Operating Income (Expense) -9,571 -28,058 +65.9%
Show Business Segments breakouts
Reportable Segment 9,571 28,058 -65.9%
Income Before Taxes -296,660 -424,223 +30.1%
Income Tax Expense (Benefit) -1,089 5,729 -119.0%
Show Business Segments breakouts
Reportable Segment -1,089 5,729 -119.0%
Net Income -295,571 -429,952 +31.3%
Show Business Segments breakouts
Reportable Segment -295,571 -429,952 +31.3%
Show Equity Components breakouts
Retained Earnings -295,571 -430,092 +31.3%
Net Income -295,571 -430,092 +31.3%
EPS (Basic) -0.86 -1.29 +33.3%
EPS (Diluted) -0.86 -1.29 +33.3%
Wtd Avg Shares (Basic) 345,391 332,657 +3.8%
Wtd Avg Shares (Diluted) 345,391 332,657 +3.8%
Comprehensive Income -302,547 -419,685 +27.9%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 185 8,787 -97.9%

Balance Sheet

Balance Sheet
Metric Q1 2027 Q1 2026 YoY
Current Assets
Cash & Cash Equivalents 2,084,715 2,243,083 -7.1%
Available For Sale Securities Debt Securities Current 870,283 1,667,601 -47.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Certificates Of Deposit 25,307 107,598 -76.5%
Fair Value Inputs Level2 · Commercial Paper 4,607 160,471 -97.1%
Fair Value Inputs Level2 · Corporate Debt Securities 629,364 1,121,368 -43.9%
Fair Value Inputs Level2 · US Government Agencies Debt Securities 211,005 278,164 -24.1%
Show Financial Instrument breakouts
Certificates Of Deposit · Fair Value Measurements Recurring 25,307 107,598 -76.5%
Commercial Paper · Fair Value Measurements Recurring 4,607 160,471 -97.1%
Corporate Debt Securities · Fair Value Measurements Recurring 629,364 1,121,368 -43.9%
US Government Agencies Debt Securities · Fair Value Measurements Recurring 211,005 278,164 -24.1%
Accounts Receivable 579,719 530,517 +9.3%
Capitalized Contract Cost Net Current 212,886 104,187 +104.3%
Prepaid Expenses & Other Current Assets 229,504 240,586 -4.6%
Total Current Assets 3,977,107 4,785,974 -16.9%
Non-Current Assets
Available For Sale Securities Debt Securities Noncurrent 1,432,494 956,144 +49.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Asset Backed Securities 21,460
Fair Value Inputs Level2 · Corporate Debt Securities 1,220,148 705,814 +72.9%
Fair Value Inputs Level2 · US Government Agencies Debt Securities 190,886 250,330 -23.7%
Show Financial Instrument breakouts
Asset Backed Securities · Fair Value Measurements Recurring 21,460
Corporate Debt Securities · Fair Value Measurements Recurring 1,220,148 705,814 +72.9%
US Government Agencies Debt Securities · Fair Value Measurements Recurring 190,886 250,330 -23.7%
Property, Plant & Equipment 227,207 290,332 -21.7%
Operating Lease Right-of-Use Assets 294,863 261,971 +12.6%
Goodwill 1,537,185
Capitalized Contract Cost Net Noncurrent 222,000 182,761 +21.5%
Other Non-Current Assets 412,043 369,722 +11.4%
Total Assets 8,554,256 8,157,407 +4.9%
Intangible Assets 450,931 253,118 +78.2%
Show Finite Lived Intangible Assets By Major Class breakouts
Assembled workforce 9,112 16,318 -44.2%
Customer Relationships 40,629 3,858 +953.1%
Developed Technology Rights 351,584 171,527 +105.0%
Developer community 29,936 60,882 -50.8%
Other Intangible Assets 19,670
Other Assets
Intangible Assets Net Excluding Goodwill 451,357 253,944 +77.7%
Current Liabilities
Accounts Payable 55,062 155,263 -64.5%
Accrued Liabilities 814,634 528,380 +54.2%
Operating Lease Liability Current 55,783 37,098 +50.4%
Deferred Revenue (Current) 2,851,812 2,309,803 +23.5%
Total Current Liabilities 3,777,291 3,030,544 +24.6%
Non-Current Liabilities
Convertible Debt Noncurrent 2,281,903 2,273,600 +0.4%
Operating Lease Liabilities 434,409 377,065 +15.2%
Contract With Customer Liability Noncurrent 25,663 13,724 +87.0%
Other Non-Current Liabilities 95,268 47,620 +100.1%
Total Liabilities 6,614,534 5,742,553 +15.2%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Convertible Senior Notes Due 2027 · Convertible Debt 1,142,596 1,137,404 +0.5%
Convertible Senior Notes Due 2029 · Convertible Debt 1,139,307 1,136,196 +0.3%
Stockholders' Equity
Common Stock 34 34 0.0%
Treasury Stock Common Value -53,261 -58,153 +8.4%
Additional Paid-In Capital 12,086,411 10,672,455 +13.2%
Accumulated Other Comprehensive Income -3,639 8,171 -144.5%
Retained Earnings -10,089,823 -8,214,507 -22.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 1,939,722 2,414,854 -19.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -3,639 8,171 -144.5%
Additional Paid In Capital 12,086,411 10,672,455 +13.2%
Common Stock 34 34 0.0%
Retained Earnings -10,089,823 -8,214,507 -22.8%
Treasury Stock Common -53,261 -58,153 +8.4%
Total Liabilities & Equity 8,554,256 8,157,407 +4.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2027 YTD Q1 2026 YoY
Operating Activities
Depreciation & Amortization 67,605 48,804 +38.5%
Noncash Operating Lease Costs 17,882 17,842 +0.2%
Amortization Of Deferred Sales Commissions 57,730 25,796 +123.8%
Stock-Based Compensation 402,470 379,460 +6.1%
Accretion Amortization Of Discounts And Premiums Investments -2,205 -7,652 +71.2%
Debt And Equity Securities Gain Loss 9,498 29,685 -68.0%
Amortization of Financing Costs 2,080 2,071 +0.4%
Asset Impairment Charges 17,724 106,488 -83.4%
Deferred Income Taxes -6,562
Other Non-Cash Items 2,821 -5,174 +154.5%
Change in Accounts Receivable 747,217 393,657 +89.8%
Increase Decrease In Capitalized Contract Cost -36,799 -31,114 -18.3%
Change in Prepaid & Other Assets -22,455 -17,852 -25.8%
Change in Accounts Payable -89,673 -4,423 -1927.4%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities -80,791 3,935 -2153.1%
Increase Decrease In Operating Lease Liabilities -19,207 -11,838 -62.2%
Change in Deferred Revenue -528,541 -271,360 -94.8%
Net Cash from Operations 243,223 228,373 +6.5%
Investing Activities
Capital Expenditures -10,451 -44,989 +76.8%
Payments To Acquire Businesses Net Of Cash Acquired -252,457
Payments To Acquire Investments -896,447 -1,012,575 +11.5%
Proceeds From Sale Of Investments 109,694 17,399 +530.5%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 445,170 984,182 -54.8%
Net Cash from Investing -604,491 -55,983 -979.8%
Non Cash Consideration Received In Business Combination 310,068
Financing Activities
Proceeds From Stock Options Exercised 6,579 6,260 +5.1%
Proceeds From Stock Plans 66,987 53,193 +25.9%
Tax Withholding for Share Compensation -142,846 -132,498 -7.8%
Share Repurchases -300,003 -490,638 +38.9%
Payments For Deferred Consideration Related To Business Combinations -2,250 -374 -501.6%
Net Cash from Financing -371,533 -564,057 +34.1%
Supplemental
Unpaid Capital Expenditures 14,914 32,184 -53.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -2,824 12,397 -122.8%
Net Change in Cash -735,625 -379,270 -94.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,128,678 2,319,408 -8.2%
Restricted Cash 43,963 76,325 -42.4%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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