# Snowflake Inc. (SNOW)

> Source: Nexqual · https://nexqual.com/SNOW · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Snowflake Inc. (SNOW), nexqual.com/SNOW" · informational, not investment advice.

**Price:** USD 313.96 (-2.72% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 322.73 · day 306.85–323.79 · 52w 118.3–384.56 · market cap $111B · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $5.43B, net income -$1.09B (-20.1% margin), free cash flow $1.20B (SEC filings).
- 3 of 80 tracked superinvestors hold SNOW (13F, Q2 2026): 2 new, 0 added, 0 reduced, 1 unchanged.
- Total return with dividends: 1Y +24.1% vs S&P 500 +14.9%; 5Y -7.6% vs S&P 500 +80.3%.
- Next earnings: 2026-12-02, EPS estimate USD 0.6, revenue estimate $1.65B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.22B | $2.07B | $2.81B | $3.63B | $4.68B | $5.43B |
| Gross profit | $761M | $1.35B | $1.91B | $2.41B | $3.15B | — |
| Operating income | -$715M | -$842M | -$1.09B | -$1.46B | -$1.44B | -$1.24B |
| Net income | -$680M | -$797M | -$836M | -$1.29B | -$1.33B | -$1.09B |
| EPS (diluted) | -$2.26 | -$2.50 | -$2.55 | -$3.86 | -$3.95 | — |
| Free cash flow | $94.0M | $521M | $813M | $913M | $1.12B | $1.20B |
| Gross margin | 62.4% | 65.3% | 68.0% | 66.5% | 67.2% | — |
| Operating margin | -58.6% | -40.8% | -39.0% | -40.2% | -30.6% | -22.8% |
| Net margin | -55.8% | -38.6% | -29.8% | -35.5% | -28.4% | -20.1% |
| Revenue growth | +106.0% | +69.4% | +35.9% | +29.2% | +29.2% | — |
| Cash + short-term investments | $3.85B | $4.01B | $3.85B | $4.64B | $4.03B | — |
| Total debt | — | — | $0K | $2.27B | $2.28B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/S 20.4x · EV/Sales 20.4x · P/FCF 92.7x · P/B 51.5x · FCF yield 1.08% · Earnings yield -0.98% · Buyback yield (TTM) 0.62% · Net cash $60.7M · EV $111B

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold SNOW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 2.25% | $249M | New position |
| Viking Global | Viking Global Investors | 0.70% | $244M | New position |
| Duan Yongping | H&H International Investment | 0.01% | $2.5M | Unchanged |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Needham | Reiterated | Buy | $450 |
| 2026-09-04 | Macquarie | Target raised | Neutral | $200 → $350 |
| 2026-09-04 | Goldman Sachs | Target raised | Buy | $300 → $436 |
| 2026-09-04 | Argus Research | Target raised | Buy | $300 → $450 |
| 2026-09-03 | JP Morgan | Target raised | Overweight | $285 → $426 |
| 2026-09-03 | Jefferies | Target raised | Buy | $385 → $430 |
| 2026-09-03 | Scotiabank | Target raised | Sector Outperform | $320 → $440 |
| 2026-09-03 | Raymond James | Target raised | Outperform | $275 → $425 |
| 2026-09-03 | Piper Sandler | Target raised | Overweight | $320 → $450 |
| 2026-09-03 | Evercore ISI Group | Target raised | Outperform | $360 → $430 |
| 2026-09-03 | Truist Securities | Target raised | Buy | $375 → $425 |
| 2026-09-03 | Citigroup | Target raised | Buy | $395 → $490 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +24.1% | -7.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +24.2% | -1.6% |
| Volatility (annualized) | 63.0% | 57.3% |
| Max drawdown | -56.3% (Nov 2025→Apr 2026) | -72.3% (Nov 2021→Sep 2024) |

## Peers (Software - Application)
ADP (Automatic Data Processing, Inc.) USD 307.94 +4.56% · ADBE (Adobe Inc.) USD 270.55 +6.07% · DDOG (Datadog, Inc.) USD 257.75 -5.62% · UBER (Uber Technologies, Inc.) USD 69.07 +2.14% · CDNS (Cadence Design Systems, Inc.) USD 309.65 -5.04% · INTU (Intuit Inc.) USD 354.9 +5.75%

## More
Full page: https://nexqual.com/SNOW · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name SNOW in their own reports (relationship from SNOW's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Orion Digital Corp. (ORIO) | 20-F 2026-04-30 | "Expanded Partnership with Snowflake." |
| partner | Nvni Group Ltd (NVNI) | 20-F 2026-04-30 | "commercial relationships with enterprise technology partners, including Microsoft, Oracle, AWS, Salesforce, Snowflake, NVIDIA, ServiceNow," |
| supplier | Huckleberry.ai, Inc. (HUCK) | 10-K 2026-04-16 | "Domo is designed to work with data wherever it resides, including data stored in leading cloud data platforms such as Snowflake, Google Cloud, AWS, Databricks, and Oracle, allowing customers to levera…" |
| supplier | Autolus Therapeutics plc (AUTL) | 10-K 2026-03-27 | "Additionally, several of Snowflake's customer accounts were targeted as part of Snowflake's security incident in June 2024, and the Autolus customer account was among those targeted." |
| partner | Braze, Inc. (BRZE) | 10-K 2026-03-25 | "•Snowflake Data Sharing: Alongside Braze Currents, data tracked and stored within our platform can also be accessed directly via our partnership with Snowflake using Snowflake's Data Sharing mechanism…" |
| supplier | Tenable Holdings, Inc. (TENB) | 10-K 2026-02-27 | "Because our agreements with certain third-party service providers, such as AWS and Snowflake, limit their liability for damages, we may not be able to recover a material portion of our liabilities to …" |
| competitor | TERADATA CORP /DE/ (TDC) | 10-K 2026-02-27 | "Participants include AWS, Databricks, Google Cloud, Microsoft Azure, Snowflake, and more; the competitive market also comprises traditional legacy competitors." |
| customer | BLACKLINE, INC. (BL) | 10-K 2026-02-26 | "We rely on Google Cloud Platform ("GCP"), Microsoft Azure ("Azure"), Amazon Web Services ("AWS"), Snowflake, and third-party data centers (collectively, "public cloud providers") to deliver our cloud-…" |
| partner | Everforth Inc (EFOR) | 10-K 2026-02-25 | "We partner with hyperscalers, such as AWS, Microsoft, and Google; enterprise platforms, including Salesforce, ServiceNow, and Workday; cybersecurity players, such as CrowdStrike, Elastic, SailPoint, a…" |
| partner | ExlService Holdings, Inc. (EXLS) | 10-K 2026-02-24 | "We continue to build deep expertise in strategic partner technology ecosystems through certifications in partnership with NVIDIA, Databricks, Microsoft, AWS, Google, and Snowflake, ensuring our teams …" |
| partner | AMDOCS LTD (DOX) | 20-F 2025-12-15 | "Partner companies include Amazon Web Services, NVIDIA, Microsoft, Databricks, Intel, Google, BMC, Snowflake, Oracle, Redhat, Dell EMC, VMware, Hewlett Packard Enterprise and IBM, as well as start-up c…" |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product revenue | $1.49B | 96.4% | +36.8% |
| Professional services and other revenue | $54.9M | 3.6% | +0.8% |
| Total revenue | $1.55B | 100% | — |

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $1.15B | 74.5% | +33.8% |
| EMEA | $258.7M | 16.7% | +39.6% |
| Asia-Pacific and Japan | $94.9M | 6.1% | +40.3% |
| Other Americas | $41.0M | 2.6% | +34.0% |
| Total revenue | $1.55B | 100% | — |

## Company outlook (8-K filed 2026-09-02)

- "See the section titled "Statement Regarding Use of Non-GAAP Financial Measures" for an explanation of non-GAAP financial measures. 3 The potential impact of future repurchases under our stock repurchase program is not reflected in our guidance for weighted-average shares used in computing net income per share attributable to common sto"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.60 | $0.51 | +16.5% | $1.65B | 41 |
| Next quarter (ends 2027-01-31) | $0.60 | $0.57 | +4.0% | $1.72B | 40 |
| Current fiscal year (ends 2027-01-31) | $2.22 | $1.93 | +15.0% | $6.32B | 45 |
| Next fiscal year (ends 2028-01-31) | $3.02 | $2.69 | +12.2% | $8.12B | 48 |