Snowflake Inc. (SNOW) Stock

Snowflake Inc. (SNOW) is a Technology stock trading at $268.89 (as of 2026-07-17), with a market capitalization of $93.20B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

Understand Snowflake Inc.: how it makes money

Snowflake provides a cloud-based data platform (Data Cloud) that helps organizations consolidate data, build data-driven applications, and share data, and it makes money primarily from product revenue tied to its platform usage.

With high gross margin (66.6%) but a negative operating margin (-23.4%), Snowflake's profitability depends on scaling product revenue, supported by strong retention (Net Revenue Retention Rate of 126.0%) and visibility from Remaining Performance Obligations.

Revenue by segment (latest quarter)
Product$1.3B

Business quality (Weak): Strong customer expansion signals (NRR above 100%) and substantial RPO visibility, but operating losses show the cost structure has not yet translated into profitability.

Bull case

  • Customers appear to expand their Snowflake usage, with Net Revenue Retention Rate at 126.0%: This supports the idea that existing customers are adding value over time.
  • Remaining Performance Obligations are sizable at 9.21 USD_B: RPO provides forward-looking revenue visibility that can help support continued product delivery.

Bear case

  • Operating margin is negative (-23.4%): Even with high gross margin (66.6%), Snowflake has not yet achieved operating profitability based on the latest period shown.
  • Most reported revenue shown in the inputs is Product Revenue (1.33 USD_B out of 1.4 USD_B total revenue): If product demand or retention weakens, there is less apparent offset from other clearly identified segment revenue in the provided data.
Valuation — source: SEC EDGAR (first-party)
Price$268.89
Market Cap$93.20B
Price / Book48.05
Price / Sales18.52
FCF Yield1.3%
DCF Value (model)$78.17
DCF Upside vs Price-70.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.68B
Net Margin-28.4%
Revenue Growth (YoY)33.5%
EPS Growth (YoY)-33.3%
FCF Growth (YoY)26.9%
Financial Health — source: SEC EDGAR
Altman Z-Score6.45 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($6.60B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOSridhar Ramaswamy
Employees7,834
CountryUS
IPO Date2020-09-16

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SNOW earnings history · SNOW institutional & insider holders · SNOW KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.