Snowflake Inc.SNOW
What Snowflake Inc. does.
We believe that a cloud computing platform that puts data and artificial intelligence (AI) at its core will offer great benefits to organizations by allowing them to realize the value of the data that powers their businesses. By offering rich primitives for data and applications, we believe that we can create a data connected world where organizations have seamless access to explore, share, and unlock the value of data. Our vision is a world where data and AI turn possibilities into reality. To realize this vision, we deliver the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from a growing number of data sets in secure, governed, and compliant ways.
Our platform is the innovative technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply AI to solve business problems, build data applications, and share data and data products. We provide our platform through a customer-centric, consumption-based business model.
Snowflake solves the decades-old problem of data silos and data governance. Leveraging the elasticity and performance of the public cloud, our platform enables customers to unify and query data to support a wide variety of use cases. It also provides frictionless and governed data access so users can securely share data inside and outside of their organizations, generally without copying or moving the underlying data. As a result, customers can blend existing data with new data for broader context, augment data science efforts, and create new monetization streams. Delivered as a service, our platform requires near-zero infrastructure maintenance, enabling customers to focus on deriving value from their data rather than managing infrastructure.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $592.0M | $1.2B | $2.1B | $2.8B | $3.6B | $4.7B |
| Net income | -$539.1M | -$679.9M | -$796.7M | -$836.1M | -$1.3B | -$1.3B |
| Free cash flow | -$80.5M | $94.0M | $520.5M | $813.0M | $913.5M | $1.1B |
More on SNOW.
- Snowflake Inc. summary
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- Snowflake Inc. earnings
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- Snowflake Inc. ownership and insiders
- Snowflake Inc. peers
Figures from Snowflake Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.