Quarterly ResultMay 29, 2026, 04:08 PM
Snowflake Q1 Revenue $1.39B, Net Loss $(295.6M)
AI Summary
Snowflake Inc. reported a significant increase in revenue for the three months ended April 30, 2026, reaching $1.39 billion, up 33.5% year-over-year. The company also narrowed its net loss to $(295.6) million, a 31.3% improvement compared to the prior year's $(430.1) million. Net loss per share improved to $(0.86) from $(1.29).
Key Highlights
- Revenue increased 33.5% to $1.39 billion for the three months ended April 30, 2026.
- Net loss improved by 31.3% to $(295.6) million for the quarter.
- Net loss per share was $(0.86), an improvement from $(1.29) in the prior year.
- Product revenue grew 33.9% to $1.33 billion for the quarter.
- Remaining Performance Obligations (RPO) stood at $9.2 billion as of April 30, 2026.
- Net cash provided by operating activities was $243.2 million, up from $228.4 million.
- Repurchases of common stock totaled $300.0 million for the quarter.
- US revenue was $1.04 billion, while EMEA revenue was $230.6 million.
Price Impact
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