Snowflake Inc. Introduction
Snowflake Inc. booked $774,699,000 in 2024 Q4. Read for more metrics.
Note: Public company quarters & fiscal years are not the same as calendar years.
Here are how Snowflake Inc. quarters map to calendar months:
| Period | Start Date | End Date |
|---|---|---|
| 2022 Q3 | 2021-08-01 | 2021-10-31 |
| 2022 Q4 | 2021-11-01 | 2022-01-31 |
| 2023 Q1 | 2022-02-01 | 2022-04-30 |
| 2023 Q2 | 2022-05-01 | 2022-07-31 |
| 2023 Q3 | 2022-08-01 | 2022-10-31 |
| 2023 Q4 | 2022-11-01 | 2023-01-31 |
| 2024 Q1 | 2023-02-01 | 2023-04-30 |
| 2024 Q2 | 2023-05-01 | 2023-07-31 |
| 2024 Q3 | 2023-08-01 | 2023-10-31 |
| 2024 Q4 | 2023-11-01 | 2024-01-31 |
Snowflake Inc. Key Stats
- Snowflake Inc. 2024 Q4 revenue was $774,699,000.
- This is a change of 31.5% year over year from 2023 Q4 revenue of $589,012,000
- Snowflake Inc. 2024 Q4 costs of goods sold was $241,804,000
- Snowflake Inc. 2024 Q4 gross profit was $532,895,000(68.76%)
- Snowflake Inc. 2024 Q4 operating profit was -$275,505,000, which is a margin of -35.55%
Snowflake Inc. Gross Revenue
In 2024 Q4 Snowflake Inc. generated $774,699,000 in gross revenue. This is a 31.6% change from 2023 Q4, and $2,706,489,000 over the last 12 months.
| Financial Quarter | Revenue |
|---|---|
| 2022 Q3 | $334,441,000 |
| 2022 Q4 | $383,774,000 |
| 2023 Q1 | $422,371,000 |
| 2023 Q2 | $497,248,000 |
| 2023 Q3 | $557,028,000 |
| 2023 Q4 | $589,012,000 |
| 2024 Q1 | $623,599,000 |
| 2024 Q2 | $674,018,000 |
| 2024 Q3 | $734,173,000 |
| 2024 Q4 | $774,699,000 |
Snowflake Inc. Cost of Goods Sold (COGS)
In 2024 Q4 Snowflake Inc.’s cost of goods sold (COGS) was $241,804,000. This is a 17.45% change from 2023 Q4. and was $898,558,000 over the last 12 months.
| Financial Quarter | Cost of Goods Sold (COGS) |
|---|---|
| 2022 Q3 | $120,786,000 |
| 2022 Q4 | $134,180,000 |
| 2023 Q1 | $147,930,000 |
| 2023 Q2 | $173,232,000 |
| 2023 Q3 | $190,721,000 |
| 2023 Q4 | $205,657,000 |
| 2024 Q1 | $209,414,000 |
| 2024 Q2 | $218,392,000 |
| 2024 Q3 | $228,948,000 |
| 2024 Q4 | $241,804,000 |
Snowflake Inc. Gross Profit
In 2024 Q4 Snowflake Inc.’s gross profit was $532,895,000. This is a 38.9% change from 2023 Q4. and was $1,907,930,000 over the last 12 months.
| Financial Quarter | Gross Profit | Gross Profit % |
|---|---|---|
| 2022 Q3 | $213,655,000 | 63.93% |
| 2022 Q4 | $249,594,000 | 65.06% |
| 2023 Q1 | $274,441,000 | 64.94% |
| 2023 Q2 | $324,016,000 | 65.17% |
| 2023 Q3 | $366,307,000 | 65.74% |
| 2023 Q4 | $383,355,000 | 65.11% |
| 2024 Q1 | $414,185,000 | 66.43% |
| 2024 Q2 | $455,626,000 | 67.5% |
| 2024 Q3 | $505,225,000 | 68.83% |
| 2024 Q4 | $532,895,000 | 68.76% |
Snowflake Inc. Operating Profit
In 2024 Q4 Snowflake Inc. generated -$275,505,000 in operating profit. This is a 14.95% change from 2023 Q4, and -$1,292,544,000 over the last 12 months.
This is a profit margin of -35.55% in the last quarter.
| Financial Quarter | Operating Profit | Operating Profit % |
|---|---|---|
| 2022 Q3 | -$157,271,000 | -46.99% |
| 2022 Q4 | -$152,029,000 | -39.62% |
| 2023 Q1 | -$188,766,000 | -44.72% |
| 2023 Q2 | -$207,732,000 | -41.78% |
| 2023 Q3 | -$206,019,000 | -36.99% |
| 2023 Q4 | -$239,750,000 | -40.7% |
| 2024 Q1 | -$273,238,000 | -43.83% |
| 2024 Q2 | -$285,407,000 | -42.33% |
| 2024 Q3 | -$260,623,000 | -35.49% |
| 2024 Q4 | -$275,505,000 | -35.55% |
Snowflake Inc. Overall Performance
Despite continued growth in gross revenue, Snowflake Inc.’s operating margin remains an area for improvement as it struggles to convert these gains into operational profits. The consistent operating losses highlight the company’s challenges in managing expenses and cost of goods sold, pulling down overall profitability.
