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Earnings transcript
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SNOW
Snowflake Inc.
$290.52
-15.56
(-5.08%)
| Exchange: | NYSE |
| Market Cap: | 102.495B |
| Shares Outstanding: | 238.37M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | Software – ApplicationView industry performance | |||||
| CEO: | Sridhar Ramaswamy | |||||
| Full Time Employees: | 9394 | |||||
| Address: |
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| Website: | https://www.snowflake.com |
Snowflake Inc. delivers a cloud-centric data platform to customers across both the United States and international markets. The company’s core offering, known as the Data Cloud, enables users to unify disparate data sources into a singular, reliable foundation. This unified data then facilitates the extraction of crucial business intelligence, the creation of innovative data-driven applications, and secure data sharing. This adaptable platform serves a wide array of organizations, encompassing various sizes and industries. Originating in 2012, the enterprise was initially recognized as Snowflake Computing, Inc., before officially rebranding to Snowflake Inc. in April 2019. Its principal operations are conducted from Bozeman, Montana.
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Revenue Segmentation
Revenue by type
Revenue by region
SNOW full analysis
Hey everyone, welcome back to MarketSnap. Snowflake just ripped six percent in a single session on the back of its new Agentic Marketplace launch, revenue growth re-accelerated to 35 percent, and the stock is up nearly 180 percent over the past six months. The bulls are calling it the AI data cloud winner. The bears are calling it a wildly overpriced story stock. We're not here for the hype — we're plugging SNOW into MarketSnap's valuation model to see what's…
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 2,806,489 | 3,626,396 | 4,683,946 |
| Gross Profit | 1,907,931 | 2,411,723 | 3,146,141 |
| EBITDA | -729,320 | -1,099,832 | -1,083,169 |
| Operating Income | -1,094,773 | -1,456,010 | -1,435,165 |
| Net Income | -836,097 | -1,285,640 | -1,331,616 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 8,223,383 | 9,033,938 | 9,132,495 |
| Total Liabilities | 3,032,789 | 6,027,295 | 7,113,207 |
| Total Stockholders Equity | 5,180,308 | 2,999,929 | 2,019,288 |
| Total Debt | 287,981 | 2,685,270 | 2,741,114 |
| Cash and Cash Equivalents | 1,762,749 | 2,628,798 | 2,828,163 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 848,122 | 959,764 | 1,221,942 |
| Capital Expenditure | -97,963 | -46,279 | -101,628 |
| Free Cash Flow | 750,159 | 913,485 | 1,120,314 |
| Net Income | -837,990 | -1,289,212 | -1,329,035 |
| Net Change in Cash | 824,246 | 917,701 | 165,625 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 13,104,079.279 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 14,999,076.653 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 14,221,700 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 3,009,489.428 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 3,543,775.026 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 3,324,596.818 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,187,764.629 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,609,850.251 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,436,699.467 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 8,517,033.654 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 9,748,692.596 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 9,243,434.426 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 7.220 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 7.730 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 6.480 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 14 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 10 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Accelerating Revenue Growth at Scale: FY2026 revenue reached $4.68B, representing 29.2% YoY growth over FY2025 ($3.63B), with fiscal Q2 revenue growth accelerating to 35%. The product segment dominates at $4.47B (95.5% of total revenue), demonstrating a focused, high-margin core offering. Gross profit margin stands at a robust 67.0%.
- Strong Free Cash Flow Generation Despite GAAP Losses: FY2026 free cash flow reached $1.12B, up 22.6% YoY from $913M in FY2025. Operating cash flow of $1.22B underscores the company's ability to convert revenue into cash, even as GAAP net losses persist at -$1.33B. This divergence highlights the impact of non-cash items (stock-based compensation, amortization) on reported earnings.
- Fortress Balance Sheet with Minimal Leverage: Cash and equivalents total $2.83B, with total investments of $1.96B, providing substantial liquidity. The debt-to-equity ratio of 1.29 reflects the recent $3.75B convertible notes issuance, yet the 0.00% coupon structure minimizes interest burden. Current ratio of 0.94 is near parity, and the company carries no dividend obligation, preserving capital for reinvestment.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates SNOW intrinsic value between $51.86 – $78.09 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about SNOW valuation
Is Snowflake Inc. (SNOW) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Snowflake Inc. (SNOW) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SNOW a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SNOW trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SNOW’s P/E ratio?
You can see SNOW’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SNOW?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SNOW a good long-term investment?
Whether SNOW fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SNOW
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Daily snapshot
-5.08
Trading Metrics:
| Open: | 306.45 | Previous Close: | 306.08 | |
| Day Low: | 287.93 | Day High: | 306.96 | |
| Year Low: | 118.3 | Year High: | 384.56 | |
| Price Avg 50: | 332.03 | Price Avg 200: | 239.14 | |
| Volume: | 6.045M | Average Volume: | 4.988M |
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