Snowflake Inc.

SNOW

Current Price: $135.62

IPO: 2020-09-16

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

Website

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Income Statement

Revenue

Year Q1 Q2 Q3 Q4
2020 - - $73.01m $87.69m
2021 $108.8m $133.1m $159.6m $190.5m
2022 $228.9m $272.2m $334.4m $383.8m
2023 $422.4m $497.2m $557m $589m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 118.63% 117.2%
2022 110.37% 104.44% 109.52% 101.49%
2023 84.51% 82.68% 66.55% 53.48%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 108.8m 133.1m 86.61m 102.8m
2022 120.1m 139.1m 174.8m 193.3m
2023 193.5m 225.1m 222.6m 205.2m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 20.11%
2021 24.09% 22.36% 19.89% 19.32%
2022 20.19% 18.91% 22.87% 14.75%
2023 10.06% 17.73% 12.02% 5.74%

Cost Of Revenue

Year Q1 Q2 Q3 Q4
2020 - - $29.49m $34.52m
2021 $42.56m $50.45m $66.68m $82.9m
2022 $97.35m $106.1m $120.8m $134.2m
2023 $147.9m $173.2m $190.7m $205.7m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 126.12% 140.15%
2022 128.74% 110.37% 81.14% 61.85%
2023 51.96% 63.24% 57.9% 53.27%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 42.56m 50.45m 37.19m 48.38m
2022 54.79m 55.68m 54.11m 51.28m
2023 50.58m 67.11m 69.94m 71.48m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 17.07%
2021 23.28% 18.54% 32.18% 24.33%
2022 17.42% 9.01% 13.82% 11.09%
2023 10.25% 17.1% 10.1% 7.83%

Gross Profit

Year Q1 Q2 Q3 Q4
2020 - - $43.52m $53.17m
2021 $66.26m $82.7m $92.94m $107.6m
2022 $131.6m $166.1m $213.7m $249.6m
2023 $274.4m $324m $366.3m $383.4m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 113.55% 102.3%
2022 98.57% 100.82% 129.88% 132.05%
2023 108.59% 95.1% 71.45% 53.59%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 66.26m 82.7m 49.42m 54.39m
2022 65.31m 83.38m 120.7m 142m
2023 142.9m 157.9m 152.7m 133.8m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 22.17%
2021 24.62% 24.81% 12.39% 15.73%
2022 22.32% 26.23% 28.65% 16.82%
2023 9.95% 18.06% 13.05% 4.65%

Gross Profit Ratio

Year Q1 Q2 Q3 Q4
2020 - - 59.61% 60.63%
2021 60.89% 62.11% 58.23% 56.47%
2022 57.47% 61.01% 63.88% 65.04%
2023 64.98% 65.16% 65.76% 65.08%

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - -2.32% -6.86%
2022 -5.61% -1.77% 9.72% 15.16%
2023 13.05% 6.8% 2.94% 0.07%

Research & Development Expenses

Year Q1 Q2 Q3 Q4
2020 - - $27.67m $29.71m
2021 $33.28m $36.53m $74.14m $94m
2022 $109.8m $118.1m $115.9m $123.1m
2023 $150.8m $183.7m $211.4m $242.1m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 167.95% 216.39%
2022 229.94% 223.23% 56.33% 31.01%
2023 37.34% 55.6% 82.39% 96.61%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 33.28m 36.53m 46.47m 64.29m
2022 76.52m 81.55m 41.76m 29.15m
2023 41m 65.66m 95.49m 119m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 7.37%
2021 12.01% 9.78% 102.93% 26.79%
2022 16.81% 7.55% -1.85% 6.25%
2023 22.45% 21.85% 15.04% 14.54%

General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 - - $30.32m $28.13m
2021 $31.51m $31.19m $53.53m $59.91m
2022 $60.56m $65.23m $64.06m $75.19m
2023 $68.5m $73.36m $76.46m $77.51m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 76.57% 112.99%
2022 92.23% 109.16% 19.66% 25.5%
2023 13.1% 12.46% 19.37% 3.09%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 31.51m 31.19m 23.21m 31.78m
2022 29.06m 34.04m 10.52m 15.28m
2023 7.934m 8.127m 12.41m 2.32m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -7.22%
2021 12.01% -1.02% 71.65% 11.92%
2022 1.09% 7.7% -1.8% 17.38%
2023 -8.9% 7.09% 4.24% 1.37%

Selling & Marketing Expenses

Year Q1 Q2 Q3 Q4
2020 - - $75.67m $80.44m
2021 $97.88m $92.66m $134.7m $154.1m
2022 $166.8m $182.9m $191m $203.3m
2023 $243.9m $274.6m $284.5m $303.5m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 78.05% 91.5%
2022 70.42% 97.39% 41.75% 31.96%
2023 46.23% 50.16% 48.96% 49.28%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 97.88m 92.66m 59.06m 73.61m
2022 68.93m 90.24m 56.24m 49.24m
2023 77.11m 91.74m 93.51m 100.2m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 6.31%
2021 21.67% -5.33% 45.39% 14.34%
2022 8.28% 9.65% 4.41% 6.45%
2023 19.98% 12.6% 3.58% 6.68%

Selling General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 - - $106m $108.6m
2021 $129.4m $123.8m $188.3m $214m
2022 $227.4m $248.1m $255m $278.5m
2023 $312.4m $348m $360.9m $381m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 77.63% 97.07%
2022 75.73% 100.35% 35.47% 30.15%
2023 37.4% 40.25% 41.53% 36.81%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 129.4m 123.8m 82.27m 105.4m
2022 97.98m 124.3m 66.77m 64.51m
2023 85.04m 99.87m 105.9m 102.5m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 2.44%
2021 19.17% -4.28% 52.01% 13.65%
2022 6.27% 9.13% 2.78% 9.19%
2023 12.19% 11.39% 3.72% 5.55%

Other Expenses

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

Operating Expenses

Year Q1 Q2 Q3 Q4
2020 - - $133.7m $138.3m
2021 $162.7m $160.4m $262.4m $308m
2022 $337.2m $366.2m $370.9m $401.6m
2023 $463.2m $531.7m $572.3m $623.1m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 96.32% 122.7%
2022 107.28% 128.34% 41.36% 30.41%
2023 37.38% 45.2% 54.3% 55.15%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 162.7m 160.4m 128.7m 169.7m
2022 174.5m 205.8m 108.5m 93.67m
2023 126m 165.5m 201.4m 221.5m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 3.46%
2021 17.63% -1.4% 63.61% 17.36%
2022 9.48% 8.62% 1.29% 8.28%
2023 15.33% 14.8% 7.63% 8.87%

Cost & Expenses

Year Q1 Q2 Q3 Q4
2020 - - $163.1m $172.8m
2021 $205.2m $210.8m $329.1m $390.9m
2022 $434.5m $472.3m $491.7m $535.8m
2023 $611.1m $705m $763m $828.8m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 101.71% 126.19%
2022 111.73% 124.04% 49.42% 37.08%
2023 40.65% 49.25% 55.18% 54.68%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 205.2m 210.8m 165.9m 218.1m
2022 229.3m 261.5m 162.6m 144.9m
2023 176.6m 232.6m 271.3m 293m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 5.92%
2021 18.76% 2.73% 56.09% 18.77%
2022 11.17% 8.71% 4.1% 8.97%
2023 14.06% 15.36% 8.24% 8.61%

Interest Expense

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - $2.342m
2023 - $11.69m $21.86m $35.53m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - 1417.12%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - 2.342m
2023 - 11.69m 21.86m 33.19m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - 86.94% 62.56%

Depreciation & Amortization

Year Q1 Q2 Q3 Q4
2020 - - $893k $1.265m
2021 $1.522m $2.24m $2.849m $3.215m
2022 $4.684m $5.384m $5.518m $5.912m
2023 $18.14m $16.17m $17.7m $19.73m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 219.04% 154.15%
2022 207.75% 140.36% 93.68% 83.89%
2023 287.25% 200.37% 220.7% 233.66%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 1.522m 2.24m 1.956m 1.95m
2022 3.162m 3.144m 2.669m 2.697m
2023 13.46m 10.79m 12.18m 13.81m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - 41.66%
2021 20.32% 47.17% 27.19% 12.85%
2022 45.69% 14.94% 2.49% 7.14%
2023 206.82% -10.84% 9.42% 11.47%

Ebitda

Year Q1 Q2 Q3 Q4
2020 - - $-86.79m $-81.73m
2021 $-92.37m $-74.86m $-165.6m $-194.4m
2022 $-198.8m $-183.8m $-148.2m $-122.4m
2023 $-174.3m $-191.1m $-157.4m $-151.5m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% 90.82% 137.82%
2022 115.22% 145.54% -10.54% -37.05%
2023 -12.29% 3.96% 6.22% 23.85%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -92.37m -74.86m -78.82m -112.6m
2022 -106.4m -109m 17.45m 72.03m
2023 24.44m -7.275m -9.215m -29.19m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% -5.82%
2021 13.01% -18.95% 121.21% 17.37%
2022 2.27% -7.53% -19.4% -17.42%
2023 42.5% 9.61% -17.65% -3.71%

Operating Income

Year Q1 Q2 Q3 Q4
2020 - - $-90.13m $-85.11m
2021 $-96.4m $-77.68m $-169.5m $-200.4m
2022 $-205.6m $-200.1m $-157.3m $-152m
2023 $-188.8m $-207.7m $-206m $-239.8m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% 88.01% 135.45%
2022 113.27% 157.64% -7.19% -24.14%
2023 -8.19% 3.79% 31.0% 57.7%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -96.4m -77.68m -79.32m -115.3m
2022 -109.2m -122.5m 12.18m 48.37m
2023 16.83m -7.591m -48.75m -87.72m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% -5.57%
2021 13.27% -19.42% 118.14% 18.26%
2022 2.59% -2.65% -21.42% -3.33%
2023 24.16% 10.05% -0.82% 16.37%

Operating Income Ratio

Year Q1 Q2 Q3 Q4
2020 - - $-1.234 $-0.9706
2021 $-0.8859 $-0.5834 $-1.062 $-1.052
2022 $-0.8981 $-0.7353 $-0.4703 $-0.3961
2023 $-0.4469 $-0.4178 $-0.3699 $-0.407

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -14.01% 8.4%
2022 1.38% 26.02% -55.7% -62.35%
2023 -50.24% -43.18% -21.35% 2.75%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -0.8859 -0.5834 0.1729 -0.08157
2022 -0.0122 -0.1518 0.5913 0.656
2023 0.4512 0.3175 0.1004 -0.0109

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% -21.38%
2021 -8.72% -34.14% 81.95% -0.89%
2022 -14.64% -18.13% -36.04% -15.76%
2023 12.82% -6.52% -11.47% 10.05%

Total Other Income Expenses Net

Year Q1 Q2 Q3 Q4
2020 - - $2.451m $2.113m
2021 $2.515m $580k $998k $2.804m
2022 $2.124m $10.94m $3.594m $21.42m
2023 $-3.722m $-11.23m $8.586m $32.64m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - -59.28% 32.7%
2022 -15.55% 1785.52% 260.12% 663.98%
2023 -275.24% -202.67% 138.9% 52.36%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 2.515m 580k -1.453m 691k
2022 -391k 10.36m 2.596m 18.62m
2023 -5.846m -22.16m 4.992m 11.22m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -13.79%
2021 19.03% -76.94% 72.07% 180.96%
2022 -24.25% 414.88% -67.14% 496.05%
2023 -117.37% 201.67% -176.47% 280.13%

Income Before Tax

Year Q1 Q2 Q3 Q4
2020 - - $-87.68m $-83m
2021 $-93.89m $-77.1m $-168.5m $-197.6m
2022 $-203.5m $-189.2m $-153.7m $-130.6m
2023 $-192.5m $-219m $-197.4m $-207.1m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% 92.12% 138.07%
2022 116.72% 145.39% -8.77% -33.9%
2023 -5.4% 15.73% 28.47% 58.58%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -93.89m -77.1m -80.78m -114.6m
2022 -109.6m -112.1m 14.78m 66.99m
2023 10.98m -29.76m -43.76m -76.51m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% -5.34%
2021 13.12% -17.88% 118.48% 17.3%
2022 2.97% -7.01% -18.78% -15.01%
2023 47.38% 13.75% -9.83% 4.9%

Income Tax Expense

Year Q1 Q2 Q3 Q4
2020 - - $376k $255k
2021 $-244k $531k $433k $1.342m
2022 $-251k $514k $1.179m $1.546m
2023 $-26.69m $3.846m $4.009m $372k

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% - 15.16% 426.27%
2022 2.87% -3.2% 172.29% 15.2%
2023 10535.06% 648.25% 240.03% -75.94%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -244k 531k 57k 1.087m
2022 -7k -17k 746k 204k
2023 -26.44m 3.332m 2.83m -1.174m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -32.18%
2021 -195.69% -317.62% -18.46% 209.93%
2022 -118.7% -304.78% 129.38% 31.13%
2023 -1826.65% -114.41% 4.24% -90.72%

Net Income

Year Q1 Q2 Q3 Q4
2020 - - $-88.06m $-83.25m
2021 $-93.64m $-77.63m $-168.9m $-198.9m
2022 $-203.2m $-189.7m $-154.9m $-132.2m
2023 $-165.8m $-222.8m $-200.9m $-207.2m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% 91.8% 138.95%
2022 117.01% 144.38% -8.31% -33.57%
2023 -18.42% 17.44% 29.76% 56.76%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -93.64m -77.63m -80.83m -115.7m
2022 -109.6m -112.1m 14.03m 66.78m
2023 37.43m -33.09m -46.08m -75.02m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% -5.45%
2021 12.48% -17.1% 117.55% 17.79%
2022 2.15% -6.64% -18.38% -14.66%
2023 25.46% 34.39% -9.82% 3.1%

Balance Sheet

Deferred Revenue

Year Q1 Q2 Q3 Q4
2020 - - - $327.1m
2021 - $373.6m $438.2m $638.7m
2022 $635.1m $701.8m $759.7m $1.158b
2023 $1.133b $1.145b $1.2b $1.673b

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 95.27% -
2022 - 87.84% 73.37% 81.3%
2023 78.35% 63.13% 57.91% 44.53%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 373.6m 438.2m 311.6m -
2022 635.1m 328.2m 321.5m 519.2m
2023 497.6m 443m 440m 515.6m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - 17.3% 45.74%
2022 -0.56% 10.5% 8.26% 52.4%
2023 -2.18% 1.07% 4.8% 39.49%

Cash Flow

Operating Cash Flow

Year Q1 Q2 Q3 Q4
2020 - - $-23.75m $-42.79m
2021 $-6.592m $-38.69m $-19.75m $19.61m
2022 $21.85m $-6.111m $15.54m $78.9m
2023 $184.6m $64.43m $79.28m $217.3m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -16.83% -145.84%
2022 -431.52% -84.2% -178.66% 302.25%
2023 744.76% -1154.38% 410.21% 175.44%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -6.592m -38.69m 3.996m 62.41m
2022 28.45m 32.57m 35.29m 59.28m
2023 162.8m 70.54m 63.74m 138.4m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% 80.18%
2021 -84.6% 486.85% -48.94% -199.29%
2022 11.42% -127.96% -354.26% 407.77%
2023 133.99% -65.1% 23.04% 174.12%

Free Cash Flow

Year Q1 Q2 Q3 Q4
2020 - - $-28.23m $-48.2m
2021 $-16.81m $-44.57m $-37.87m $5.126m
2022 $2.484m $-12.67m $9.468m $57.57m
2023 $172.4m $53.15m $64.99m $205.3m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% 34.16% -110.64%
2022 -114.77% -71.56% -125.0% 1023.18%
2023 6840.26% -519.35% 586.45% 256.52%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -16.81m -44.57m -9.642m 53.32m
2022 19.3m 31.89m 47.34m 52.45m
2023 169.9m 65.82m 55.53m 147.7m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - -Infinity% 70.75%
2021 -65.11% 165.05% -15.03% -113.54%
2022 -51.54% -610.23% -174.7% 508.09%
2023 199.43% -69.17% 22.28% 215.82%