"Our product development engine continues to accelerate, as we launched the same number of tier 1 features to general availability in Q3 as we did in all of fiscal 2024." - Sridhar Ramaswamy, CEO
— Sridhar Ramaswamy
03Detailed Report
SNOW
Snowflake Inc
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 5, 2026
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Executive Summary
In the third quarter of fiscal 2025, Snowflake Inc (SNOW) reported a stellar performance, achieving a revenue of $942 million, which reflects a year-over-year growth of 28.32%. This momentum surpassed analyst expectations and reinforces the company's status as a leader in the cloud data services sector. Product revenue surged 29% year-over-year, demonstrating strong adoption of its new AI features and data platform capabilities. Management's comments indicate a strategic focus on operational efficiency and customer satisfaction, with a net revenue retention rate stabilizing at 127%. The company has also increased its full-year product revenue guidance to approximately $3.43 billion, marking a growth of 29% compared to the prior year.
Key Performance Indicators
Revenue
Increasing
942.09M
QoQ: 8.43% | YoY: 28.32%
Gross Profit
Increasing
628.90M
67.18% margin
QoQ: 8.29% | YoY: 24.48%
Operating Income
Decreasing
-365.46M
QoQ: -2.86% | YoY: -40.22%
Net Income
Decreasing
-324.28M
QoQ: -2.33% | YoY: -51.35%
EPS
Decreasing
-0.97
QoQ: -2.11% | YoY: -49.23%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Performance Overview
- Revenue: $942 million (YoY: 28.32%, QoQ: 8.43%)
- Gross Profit: $628.9 million (Gross Margin: 67.2%)
- Operating Loss: $365.5 million (Operating Margin: -38.9%)
- Net Income: -$324.3 million (Net Margin: -34.4%)
- EPS: -$0.97 (YoY: -49.23%, QoQ: -2.11%)
Cash Flow Statement:
- Net Cash Provided by Operating Activities: $101.7 million
- Net Cash Used for Investing Activities: -$267.1 million
- Net Cash Used Provided by Financing Activities: $1.017 billion
- Free Cash Flow: $88.3 million
Balance Sheet Metrics:
- Total Assets: $8.20 billion
- Total Liabilities: $5.27 billion
- Total Stockholders' Equity: $2.93 billion
- Cash and Cash Equivalents: $2.15 billion
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
942.09M
28.32%
8.43%
Gross Profit
628.90M
24.48%
8.29%
Operating Income
-365.46M
-40.22%
-2.86%
Net Income
-324.28M
-51.35%
-2.33%
EPS
-0.97
-49.23%
-2.11%
Key Financial Ratios
Gross Profit Margin
Excellent
67.20%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
-0.39%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.34%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.04%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.11%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.88
Current ratio shows adequate liquidity to meet short-term obligations