Snowflake Inc. (SNOW) Stock

Snowflake Inc. (SNOW) is a Technology stock trading at $225.47 (as of 2026-06-24), with a market capitalization of $88.57B and a trailing P/E of -72.6. 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 consolidates data into a single source of truth to drive business insights, data-driven applications, and data sharing, and it makes money primarily through its product (platform) revenue.

Snowflake’s profit engine depends on expanding customer adoption of its Data Cloud platform, and investors can track that through usage and customer thresholds tied to outcomes like data sharing and AI capability adoption.

Revenue by segment (latest quarter)
Product$1.3B

Business quality (Weak): Revenue and gross margin are relatively strong, but the company is still operating at a loss (operating margin is negative), so cost control and operating leverage are key to watch.

Bull case

  • Large and improving customer usage signals tied to value creation: 46 customers are crossing the $1 million threshold, and 42% of customers have data sharing (at least one stable edge).
  • Product engagement around AI features: Customer activity metrics include 7,300 Cortex Code Accounts adopted and 1,200 customers harnessing agentic artificial intelligence capabilities.

Bear case

  • Operating losses indicate costs are not yet covered at current revenue levels: For the latest period shown, operating margin is -23.4%, meaning profitability is still a challenge.
  • Revenue is heavily concentrated in product/platform monetization: With revenue presented primarily as product revenue, any slowdown in platform adoption or spending could pressure results.
Valuation — source: SEC EDGAR (first-party)
Price$225.47
Market Cap$88.57B
P/E Ratio-72.6
EV / EBITDA-80.4
Price / Book45.66
Price / Sales17.60
DCF Value (model)$58.53
DCF Upside vs Price-74.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.68B
Net Margin-28.4%
Return on Equity-61.7%
Current Ratio1.05
Revenue Growth (YoY)33.5%
EPS Growth (YoY)-33.3%
FCF Growth (YoY)26.9%
Financial Health — source: SEC EDGAR
Altman Z-Score5.20 (safe)
Valuation vs Sector & Industry
Stock P/E-72.6
Sector P/E (Technology)32.0
Industry P/E (Business Services)27.1
vs Sector-326.8%
vs Industry-368.1%
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 2026-06-24.

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