Snowflake Inc. income statement
In fiscal 2026, Snowflake Inc. reported revenue of $4.68bn, up 29.2% on the year before, operating income of −$1.44bn (a -30.6% margin) and net income of −$1.33bn, or −$3.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Jan 2019 | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 97 | 265 | 592 | 1,219 | 2,066 | 2,806 | 3,626 | 4,684 | 5,435 |
| Cost of revenue | 52 | 117 | 243 | 458 | 718 | 899 | 1,215 | 1,538 | 1,792 |
| Gross profit | 45 | 148 | 349 | 761 | 1,348 | 1,908 | 2,412 | 3,146 | 3,643 |
| Research and development | 69 | 105 | 238 | 467 | 788 | 1,288 | 1,783 | 1,969 | 2,107 |
| Selling and marketing | 126 | 294 | 479 | 744 | 1,107 | 1,392 | 1,672 | 2,062 | 2,302 |
| General and administrative | 36 | 108 | 176 | 265 | 296 | 323 | 412 | 550 | 470 |
| Operating income | −185 | −358 | −544 | −715 | −842 | −1,095 | −1,456 | −1,435 | −1,237 |
| Interest expense | — | — | — | — | 0 | 0 | 3 | 8 | 8 |
| Income before tax | −177 | −348 | −537 | −677 | −816 | −849 | −1,285 | −1,312 | −1,075 |
| Income tax | 1 | 1 | 2 | 3 | −18 | −11 | 4 | 17 | 14 |
| Net income | −178 | −349 | −539 | −680 | −797 | −836 | −1,286 | −1,332 | −1,091 |
| Diluted EPS | −$1.56 | −$2.59 | −$3.81 | −$2.26 | −$2.50 | −$2.55 | −$3.86 | −$3.95 | −$3.17 |
| Diluted shares (average) | 114m | 135m | 142m | 300m | 319m | 328m | 333m | 337m | 344m |
| EBITDA | −184 | −355 | −534 | −694 | −779 | −975 | −1,274 | −1,215 | −1,055 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 942 | 987 | 1,042 | 1,145 | 1,213 | 1,284 | 1,391 | 1,547 |
| Cost of revenue | 321 | 333 | 349 | 372 | 391 | 426 | 465 | 510 |
| Gross profit | 621 | 654 | 693 | 773 | 822 | 858 | 926 | 1,037 |
| Research and development | 442 | 492 | 472 | 492 | 494 | 511 | 535 | 567 |
| Selling and marketing | 438 | 433 | 459 | 502 | 550 | 551 | 589 | 612 |
| General and administrative | 106 | 115 | 210 | 119 | 107 | 114 | 129 | 121 |
| Operating income | −365 | −387 | −447 | −340 | −329 | −318 | −326 | −263 |
| Interest expense | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Income before tax | −326 | −330 | −424 | −298 | −288 | −302 | −297 | −188 |
| Income tax | 2 | −4 | 6 | 0 | 4 | 8 | −1 | 3 |
| Net income | −324 | −327 | −430 | −298 | −294 | −310 | −296 | −192 |
| Diluted EPS | −$0.98 | −$0.98 | −$1.29 | −$0.89 | −$0.87 | −$0.91 | −$0.86 | −$0.55 |
| EBITDA | −342 | −337 | −398 | −313 | −300 | −259 | −259 | −237 |
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