Snowflake Inc.'s Stock Analysis

Snowflake Appoints Brian Robins as New Chief Financial Officer

Snowflake has announced the appointment of Brian Robins as its new Chief Financial Officer, effective September 22, 2025. He will succeed Michael P. Scarpelli, who is retiring but will remain with the company to ensure a smooth transition and will take on a consulting role afterward. Robins brings extensive experience from his previous roles at GitLab, Sisense, Cylance, AlienVault, and VeriSign, where he oversaw various financial operations. His responsibilities at Snowflake will include shaping financial strategies and leading the global finance organization.

Robins's offer letter includes an annual base salary of $500,000 and an annual incentive bonus targeted at 100% of his salary, contingent on performance goals. He will also receive equity awards valued at $28 million and $2.5 million, with specific vesting schedules. Additionally, he will participate in the company’s Annual Market Review program and the Severance and Change in Control Plan. The transition in leadership comes as Snowflake continues to focus on its growth and innovation in the AI sector.

Sep 03, 2025 16:29:20

Snowflake Reports 32% Revenue Growth in Q2 Fiscal 2026

Snowflake Inc. announced its financial results for the second quarter of fiscal 2026, reporting total revenue of $1.1 billion, which reflects a 32% increase year-over-year. The product revenue specifically amounted to $1.09 billion, also showing a 32% growth. The company achieved a net revenue retention rate of 125% and has 654 customers generating over $1 million in trailing 12-month product revenue. Additionally, Snowflake serves 751 customers from the Forbes Global 2000 list, marking a 30% increase from the previous year.

The remaining performance obligations stood at $6.9 billion, indicating a 33% year-over-year growth. These obligations represent future contracted revenue that has yet to be recognized. Snowflake's business model, which is consumption-based, allows customers flexibility in their usage, potentially influencing revenue recognition. The company continues to monitor key business metrics, including free cash flow and customer satisfaction, to evaluate business performance and growth trends.

Aug 27, 2025 16:06:52

Snowflake Stockholders Approve Key Amendments and Director Elections

On July 2, 2025, Snowflake Inc. held its Annual Meeting of Stockholders, during which stockholders approved an amendment to eliminate Class B common stock and rename Class A common stock to 'Common Stock.' This amendment was filed on July 3, 2025, and became effective immediately. The meeting also involved the election of Class II directors to serve until the 2028 Annual Meeting.

In addition to the amendments, stockholders voted on several proposals. They did not approve the non-binding advisory vote on the compensation of named executive officers and rejected an amendment to declassify the Board of Directors. However, they ratified the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year ending January 31, 2026.

Jul 03, 2025 16:04:32

Snowflake Eliminates Class B Stock and Renames Class A Stock

On July 2, 2025, Snowflake Inc. held its Annual Meeting of Stockholders, where stockholders approved an amendment to the company's Certificate of Incorporation. This amendment eliminated Class B common stock and renamed Class A common stock to simply 'Common Stock.' The amendment took effect on July 3, 2025, following its filing with the Secretary of State of Delaware.

During the Annual Meeting, stockholders elected Class II director nominees for a term until 2028. However, they did not approve a non-binding advisory vote on the compensation of named executive officers nor an amendment to declassify the Board of Directors. Additionally, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026.

Jul 03, 2025 16:04:32

Snowflake Q1 Fiscal 2026 Revenue Grows 26% Year-Over-Year

Snowflake reported financial results for the first quarter of fiscal 2026, ending April 30, 2025, with total revenue of $1.0 billion, marking a 26% increase compared to the same period last year. Product revenue specifically was $996.8 million, also reflecting a 26% year-over-year growth. The company maintained a net revenue retention rate of 124% and reported having 606 customers with trailing 12-month product revenue exceeding $1 million. Additionally, Snowflake has 754 customers from the Forbes Global 2000 list, with remaining performance obligations reaching $6.7 billion, which is a 34% increase year-over-year. 

In terms of operational metrics, Snowflake's product gross profit was $711.5 million, yielding a gross margin of 71%. The company reported an operating loss of $447.3 million under GAAP but achieved a non-GAAP operating income of $91.7 million with a margin of 9%. Cash flow from operations was $228.4 million, and free cash flow stood at $183.4 million. Looking ahead, Snowflake provided guidance for the second quarter of fiscal 2026, projecting product revenue between $1,035 million and $1,040 million, which represents a 25% year-over-year growth.

May 21, 2025 16:06:30

Snowflake Appoints Bill Scannell to Board of Directors

Snowflake has announced the appointment of Bill Scannell to its Board of Directors, effective May 7, 2025. Scannell, who has nearly four decades of experience at Dell Technologies, will bring his expertise in global sales and customer operations to support Snowflake's growth strategy. CEO Sridhar Ramaswamy emphasized that Scannell's experience will be crucial as the company aims to empower enterprises in leveraging data and AI.

Scannell's role at Dell has involved leading the company's go-to-market strategy and global growth across numerous countries. He holds a Bachelor of Science degree in business management from Northeastern University. The addition of Scannell to the board is seen as a strategic move to enhance Snowflake's leadership in the AI sector, as the company continues to expand its services to over 11,000 global clients.

May 08, 2025 16:06:15

Snowflake Reports 27% Revenue Growth and $1.46 Billion Loss

Snowflake reported a product revenue of $943.3 million for the fourth quarter, marking a 28% increase compared to the previous year. The company also noted a net revenue retention rate of 126%, with 580 customers generating over $1 million in product revenue and 745 customers from the Forbes Global 2000 list. Remaining performance obligations grew by 33% to $6.9 billion. Overall revenue for the quarter reached $986.8 million, representing a 27% year-over-year growth.

On the downside, the company reported a significant operating loss of $386.7 million for the fourth quarter, which is a 39% decrease compared to the previous year. For the full fiscal year 2025, Snowflake experienced an operating loss of $1.46 billion, a 40% decline year-over-year. Although free cash flow showed an increase of 42% to $415.4 million for the fourth quarter, the overall financial results indicate challenges in profitability amidst substantial revenue growth.

Feb 26, 2025 16:07:28

Snowflake Reports $942.1 Million Revenue in Q3 Fiscal 2025

Snowflake reported a product revenue of $900.3 million for the third quarter of fiscal 2025, marking a 29% increase compared to the previous year. The company also achieved a net revenue retention rate of 127%, and its customer base includes 542 clients generating over $1 million in product revenue over the last 12 months. Additionally, Snowflake has 754 customers from the Forbes Global 2000 list, and remaining performance obligations grew by 55% year-over-year to $5.7 billion.

On the downside, the company reported an operating loss of $365.5 million, which represents a 39% decline compared to the previous year. While the gross profit margin was 71%, this was offset by significant operating expenses. Snowflake's cash flow from operations was $101.7 million, indicating a modest increase of 11%, but the overall operating income remains a concern amidst its growth trajectory.

Nov 20, 2024 16:07:11

Snowflake Plans $2 Billion Convertible Notes Offering

Snowflake Inc. has announced a proposed offering of $2 billion in convertible senior notes, split equally between two series due in 2027 and 2029. This move is seen as a strategy to raise capital, with intentions to use the proceeds for share repurchases and general corporate purposes. The company aims to buy back up to $575 million of its common stock, which could positively impact its stock price by reducing available shares on the market.

However, the offering also poses potential risks, as the notes will not be registered under existing securities laws, limiting their sale and affecting liquidity. Additionally, the market's reaction to the planned stock repurchases and capped call transactions may lead to fluctuations in share prices, creating uncertainty for investors. Overall, while the offering could bolster Snowflake's financial position, it also introduces complexities that may concern shareholders.

Sep 27, 2024 16:08:53

Snowflake Announces Strong Q2 Results and Growth Metrics

Snowflake reported impressive financial results for the second quarter of fiscal 2025, with product revenue reaching $829.3 million, marking a 30% increase compared to the previous year. The company also showcased a robust net revenue retention rate of 127%, and an increase in high-value customers, with 510 clients generating over $1 million in product revenue. Additionally, remaining performance obligations grew by 48% year-over-year, indicating a strong demand for Snowflake's services. The CEO expressed optimism about the company's innovation and the potential for AI products to enhance customer value further.

On the downside, Snowflake faced an operating loss of $355.3 million, which reflects the challenges of balancing growth with profitability. Despite this, the company authorized a significant stock repurchase program of $2.5 billion, extending its commitment to returning value to shareholders. While the growth in revenue and customer base is promising, the operating loss raises questions about the sustainability of this growth in the long term.

Aug 21, 2024 16:07:10