For Q1 FY2027 ended April 30, 2026, Snowflake reported revenue of $1.39 billion, up 33.5% year-over-year. Net loss was $295.6 million, improving 31.3% from the prior year. Operating loss was $326.2 million, improving 27.1%. Diluted EPS was -$0.86, improving 33.3%. Cash and cash equivalents stood at $2.08 billion.
•Revenue grew 33.5% YoY to $1.39 billion.
•Net loss narrowed 31.3% YoY to $295.6 million.
•Operating loss improved 27.1% YoY to $326.2 million.
•Diluted EPS improved 33.3% YoY to -$0.86.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Snowflake provides a cloud-based data platform for various organizations in the United States and globally. The company's platform includes artificial intelligence (AI) Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data applications, and share data and data products Applies AI for solving business problems.
The company serves financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, and government and defense industries the public sector. the company has a collaboration with OpenAI, L.L.C. for the development of AI solutions for joint enterprise customers that deliver tangible return on investment.
Formerly known as Snowflake Computing, Inc., the company rebranded as Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Menlo Park, California.
Snowflake Inc. provides a cloud-based data platform that enables organizations to consolidate data into a single source of truth for business insights, data applications, and data sharing. Its platform, including the AI Data Cloud, applies artificial intelligence to solve business problems. The company serves a wide range of industries such as financial services, advertising, media and entertainment, retail, healthcare, manufacturing, technology, telecom, travel, hospitality, government, and defense. Snowflake also collaborates with OpenAI to develop AI solutions for joint enterprise customers, aiming to deliver tangible return on investment.
Where is Snowflake (SNOW) listed and what currency does it trade in?
Snowflake Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol SNOW. Its shares trade in US Dollars (USD), as the company is based in the United States. The exchange and currency are standard for US-listed technology companies, providing liquidity and accessibility for global investors.
What sector and industry does Snowflake (SNOW) belong to?
Snowflake operates in the Technology sector, specifically within the Software - Application industry. This classification reflects its focus on providing cloud-based software solutions for data management, analytics, and AI applications. As a software application company, Snowflake's platform helps businesses store, process, and analyze large volumes of data, making it a key player in the enterprise software market.
Where is Snowflake headquartered and what markets does it serve?
Snowflake Inc. is headquartered in Menlo Park, California, United States. The company serves customers in the United States and globally, catering to a diverse range of industries including financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, government and defense, as well as the public sector. Its global reach is supported by its cloud-based platform, which enables organizations worldwide to consolidate and analyze data.
How does Snowflake (SNOW) generate revenue?
Snowflake generates revenue primarily by offering its cloud-based data platform on a subscription basis. Customers pay for the compute and storage resources they consume, as well as for additional features like data sharing and AI capabilities. The platform's AI Data Cloud enables customers to build data applications and share data products, creating recurring revenue streams. Snowflake also partners with companies like OpenAI to develop AI solutions, potentially expanding its offerings and revenue sources. Its business model focuses on providing a scalable, pay-as-you-go solution for data management and analytics.