Snowflake Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.68B | $3.63B | $2.81B | $2.07B | $1.22B | $592.0M | $264.7M | $96.7M |
| Cost of Revenue | $1.54B | $1.21B | $898.6M | $717.5M | $458.4M | $242.6M | $116.6M | $51.8M |
| Gross Profit | $3.15B | $2.41B | $1.91B | $1.35B | $760.9M | $349.5M | $148.2M | $44.9M |
| Gross Margin | 67.2% | 66.5% | 68.0% | 65.3% | 62.4% | 59.0% | 56.0% | 46.5% |
| Operating Expenses | ||||||||
| Research & Development | $1.97B | $1.78B | $1.29B | $788.1M | $466.9M | $237.9M | $105.2M | $68.7M |
| SG&A Expense | $549.7M | $412.3M | $323.0M | $295.8M | $265.0M | $176.1M | $107.5M | $36.1M |
| Operating Income | $-1.44B | $-1.46B | $-1.09B | $-842.3M | $-715.0M | $-543.9M | $-358.1M | $-185.5M |
| Operating Margin | -30.6% | -40.2% | -39.0% | -40.8% | -58.6% | -91.9% | -135.3% | -191.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-1.31B | $-1.29B | $-849.2M | $-816.0M | $-677.0M | $-537.0M | $-347.5M | $-177.2M |
| Income Tax Expense | $17.1M | $4.1M | $-11.2M | $-18.5M | $3.0M | $2.1M | $993.0K | $820.0K |
| Net Income | $-1.33B | $-1.29B | $-836.1M | $-796.7M | $-679.9M | $-539.1M | $-348.5M | $-178.0M |
| Net Margin | -28.4% | -35.5% | -29.8% | -38.6% | -55.8% | -91.1% | -131.6% | -184.2% |
| EPS (Basic) | $-3.95 | $-3.86 | $-2.55 | $-2.50 | $-2.26 | $-1.91 | $-1.30 | $-0.78 |
| EPS (Diluted) | $-3.95 | $-3.86 | $-2.55 | $-2.50 | $-2.26 | $-1.91 | $-1.30 | $-0.78 |
| Shares Outstanding (Basic) | 337.5M | 332.7M | 328.0M | 318.7M | 300.3M | 283.2M | 269.1M | — |
| Shares Outstanding (Diluted) | 337.5M | 332.7M | 328.0M | 318.7M | 300.3M | 283.2M | 269.1M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |