Snowflake Inc.SNOW
NYSE•Technology•Software - Application
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. The company's platform includes artificial intelligence (AI) Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data applications, and share data and data products, as well as applies AI for solving business problems. It serves financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, and government and defense industries, as well as the public sector. the company has a collaboration with OpenAI, L.L.C. for the development of AI solutions for joint enterprise customers that deliver tangible return on investment. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Menlo Park, California.
Snowflake Inc. (SNOW) reported trailing twelve months revenue of $5.03B as of April 2026, a 31.1% increase year-over-year. Quarterly revenue reached $1.39B, reflecting continued top-line momentum.
Snowflake Inc. reported a TTM net loss of $1.20B, with quarterly EBITDA of $-258.55M. The operating margin expanded from -42.9% to -23.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-23.4%) and net margin (-21.2%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -41.3% a year ago, signaling stronger bottom-line efficiency.
SNOW trades at a P/S of 9.7x. The price-to-book ratio of 25.1x indicates a significant premium over book value.
The company generated $232.77M in free cash flow over the trailing twelve months, a 26.9% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $8.55B in total assets with $2.28B in long-term debt against $1.94B in stockholders equity for a debt-to-equity ratio of 1.2. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -33.4%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~57.0% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -0.8x) — earnings may be inflated by non-cash items or aggressive accounting.
Debt-to-equity has risen 24.6% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding rose 3.5% — mild dilution. Compare to earnings growth to assess net per-share impact.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation