Snowflake’s quarterly Revenue reached $1.546793 billion, up from $1.144969 billion, while net loss narrowed to $191.720 million from $297.930 million. Investors also have $1.707187 billion in cash and $637.508 million in short-term investments to assess alongside the $0.55 per-share loss.

Key Highlights

  • Revenue was $1.546793 billion for the three months ended July 31, 2026.
  • Net loss attributable to Snowflake was $191.720 million for the quarter.
  • Cash and cash equivalents stood at $1.707187 billion on July 31, 2026.

Snowflake Inc. (NYSE: SNOW) generated $1.546793 billion in revenue for the three months ended July 31, 2026, compared with $1.144969 billion in the same period of 2025. Net loss was $191.720 million, compared with $297.930 million, while net loss per share was $0.55, compared with $0.89.

Quarterly Financial Results

Revenue for the six months ended July 31, 2026, reached $2.937744 billion, compared with $2.187043 billion in the comparable period, while net loss was $487.291 million versus $727.882 million. Net loss attributable to Snowflake was $191.720 million for the quarter, compared with $298.017 million previously. The company reported no Net Income attributable to a noncontrolling interest in the current quarter, compared with $0.087 million in the prior-year quarter. Weighted-average shares used to calculate basic and diluted loss per share rose to 349.257 million from 335.215 million. Snowflake had 352.455 million common shares outstanding as of July 31, 2026, and 352.8 million shares outstanding as of August 21, 2026.

Operating Costs

Cost of revenue was $510.075 million for the quarter, compared with $371.815 million in the prior-year period. Sales and Marketing expense increased to $611.615 million from $501.957 million, while Research and Development expense rose to $567.476 million from $492.003 million. General and administrative expense was $120.594 million, compared with $119.470 million. Total operating expenses reached $1.299685 billion, versus $1.113430 billion in the comparable quarter. Interest income was $41.996 million, down from $49.467 million. Interest expense was $2.081 million, compared with $2.074 million, while other income, net, was $34.762 million against other expense, net, of $4.985 million. Stock-based compensation totaled $423.582 million, compared with $404.217 million. The quarterly amount included $34.315 million in cost of revenue, $102.152 million in sales and marketing, $250.115 million in research and development, and $37 million in general and administrative expense.

Cash And Investments

Cash and cash equivalents were $1.707187 billion as of July 31, 2026. Short-term investments stood at $637.508 million, while Long-Term Investments totaled $1.984482 billion. Total Assets were $8.690459 billion. Current assets amounted to $3.493836 billion, including $718.464 million in accounts receivable, net, and $222.084 million in current deferred commissions. Goodwill stood at $1.639003 billion, while net intangible assets were $426.527 million. Operating Lease right-of-use assets totaled $285.019 million, and property and equipment, net, was $207.981 million. Current liabilities were $3.721531 billion, including $2.568489 billion in current deferred revenue. Convertible senior notes, net, totaled $2.283985 billion, and total liabilities were $6.540795 billion.

Future Amortization And Awards

Snowflake reported $3.8 billion in compensation cost related to unvested awards that had not yet been recognized as of July 31, 2026. Future amortization of finite-lived intangible assets was listed at $85.947 million for the remainder of 2027, $132.840 million in 2028, $86.690 million in 2029, $66.859 million in 2030, $53.058 million in 2031 and $0.707 million thereafter. The segment reported $1.546793 billion in quarterly revenue and a $191.720 million net loss.