Snowflake Inc. SEC 10-Q Report

Snowflake Inc., a leading provider of cloud-based data platforms, has released its latest Form 10-Q report, showcasing significant financial and operational achievements. The report highlights the company's robust revenue growth, improved cost management, and strategic business initiatives, reflecting its strong market position and future potential.

Financial Highlights

• Revenue: $1,144.969 million, reflecting a significant increase from the previous year's $868.823 million, driven by strong demand for the company's cloud-based data platform.
• Gross Profit: $773.154 million, up from $580.745 million in the prior year, indicating improved cost management and operational efficiency.
• Operating Loss: $(340.276) million, a slight improvement from the $(355.303) million loss in the previous year, suggesting efforts to control operating expenses.
• Net Loss: $(297.930) million, compared to $(317.770) million in the prior year, showing a reduction in losses due to increased revenue and cost efficiencies.
• Net Loss Per Share: $(0.89), an improvement from $(0.95) in the previous year, reflecting the company's efforts to enhance shareholder value despite ongoing challenges.

Business Highlights

• Revenue Segments: The company reported product revenue of $1,090,496,000 and professional services and other revenue of $54,473,000 for the three months ended July 31, 2025. For the six months ended July 31, 2025, product revenue was $2,087,309,000 and professional services and other revenue was $99,734,000.
• Geographical Performance: Revenue from the United States was $861,469,000 for the three months ended July 31, 2025, and $1,645,976,000 for the six months ended July 31, 2025. Other Americas contributed $30,570,000 and $60,231,000 for the three and six months ended July 31, 2025, respectively. EMEA region revenue was $185,315,000 for the three months and $354,124,000 for the six months ended July 31, 2025. Asia-Pacific and Japan generated $67,615,000 and $126,712,000 for the three and six months ended July 31, 2025, respectively.
• New Product Launches: During the three months ended April 30, 2025, the company began marketing the Snowflake platform to selected public sector customers, allowing them to take possession of the company's software and contract with third parties to host it.
• Business Combination: On June 6, 2025, the company acquired Crunchy Data Solutions, Inc. for $164.5 million in cash, primarily for its talent and developed technology. This acquisition is expected to enhance the company's technological capabilities and market opportunities.
• Future Outlook: The company expects approximately 50% of its remaining performance obligations, valued at $6.9 billion as of July 31, 2025, to be recognized as revenue in the 12 months ending July 31, 2026, based on historical customer consumption patterns.

SEC Filing: Snowflake Inc. [ SNOW ] - 10-Q - Sep. 05, 2025