Snowflake Inc. SEC 10-Q Report
Snowflake Inc., a leading cloud-based data warehousing company, has released its latest Form 10-Q report, showcasing significant financial and operational performance for the three months ended April 30, 2025. The report highlights robust revenue growth driven by strong customer demand and expanded usage of the Snowflake platform, alongside continued investments in growth initiatives.
Financial Highlights
Revenue: $1,042.1 million, reflecting a significant increase from $828.7 million in the prior year period, driven by strong customer demand and expanded usage of the Snowflake platform.
Gross Profit: $693.3 million, up from $556.2 million, indicating improved efficiency and cost management in delivering services.
Operating Loss: $(447.3) million, compared to $(348.6) million in the previous year, primarily due to increased investments in sales, marketing, and research and development.
Net Loss: $(430.1) million, widening from $(317.0) million, as the company continues to invest heavily in growth initiatives.
Net Loss Per Share: $(1.29), compared to $(0.95) in the prior year, reflecting the impact of increased operating expenses on the bottom line.
Business Highlights
Revenue Segments: The company generates revenue from two primary segments: product revenue and professional services and other revenue. For the three months ended April 30, 2025, product revenue was $996.8 million, while professional services and other revenue contributed $45.3 million.
Geographical Performance: The Americas, particularly the United States, remain the largest market, contributing $784.5 million to the total revenue. Other regions such as EMEA and Asia-Pacific and Japan also showed strong performance, with revenues of $168.8 million and $59.1 million, respectively.
Operational Model: Snowflake operates a customer-centric, consumption-based business model, charging customers based on the resources they use. This model supports the company's cloud-native architecture, which includes compute, storage, and cloud services layers.
Platform and Technology: The company's platform, the AI Data Cloud, enables customers to consolidate data into a single source of truth, apply AI to solve business problems, and build data applications. This platform is deployed across three major public clouds with 48 regional deployments worldwide.
Future Outlook: The company aims to continue expanding its AI Data Cloud network, enhancing its platform capabilities, and increasing its global reach. The focus remains on breaking down data silos and deriving value from data in secure, governed, and compliant ways.
SEC Filing: Snowflake Inc. [ SNOW ] - 10-Q - May. 30, 2025