Snowflake Inc.

SNOW

Snowflake Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Snowflake Inc..

R40: 50 · FY2027 Q1 $111.36B
$321.29
News

Coverage

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Rule of 40 FY2027 Q1
50.2
✓ Passing
Revenue Growth YoY +33.5%
+
FCF Margin +16.7%
History
36
Q2
38
Q3
70
Q4
FY2025 R40 +54
43
Q1
37
Q2
38
Q3
90
Q4
FY2026 R40 +53
50
Q1
ANALYST RATINGS
Buy Avg target under review
Consensus as of Aug 20, 2026
SNOW
Deutsche Bank Buy $350
Reiterates
2026-08-20
Truist Financial Buy $375
Reiterates
2026-08-20
TD Cowen Buy $370
Reiterates
2026-08-20
Mizuho Securities Buy $355
Maintains
2026-08-19
Bank of America Securities Buy $395
Reiterates
2026-08-19

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Just reported

Latest results

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Background

Company History

Exchange
NYSE
IPO Date
Sep 16, 2020
IPO Price
$120.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
346.6M
2012
Founded

Benoit Dageville, Thierry Cruanes and Marcin Zukowski found Snowflake around a warehouse that separates storage from compute, so each can be scaled and billed on its own.

2020
IPO

Lists on the NYSE at $120 a share in the largest software IPO to that point, opening at $245 and closing its first day above $250.

2023
Buys Neeva

Acquires the AI search startup Neeva, bringing in Sridhar Ramaswamy and the generative-search team that became the basis of Cortex.

2024
Ramaswamy replaces Slootman

Frank Slootman steps down as CEO in February; Sridhar Ramaswamy takes over and reorients the roadmap around AI workloads, with Slootman staying as chairman.

2026
Past $4.6B a year

Fiscal 2026 closes with $4.68 billion of revenue, up 29% on the prior year, on positive free cash flow and a still-widening GAAP loss.

Leadership

Key Players

Sridhar Ramaswamy
Chief Executive Officer
Ran Google's advertising business for years, co-founded the AI search startup Neeva, and joined Snowflake when it bought Neeva in 2023; took over as CEO in February 2024 and has pointed the company at AI workloads on top of its data warehouse.

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Michael Scarpelli
Chief Financial Officer
CFO since 2019, having held the same role at ServiceNow under Frank Slootman; sets the conservative product-revenue guidance the stock is repeatedly measured against.
Benoit Dageville
Co-Founder & President of Products
Former Oracle architect who co-designed Snowflake's separation of storage from compute — the decision the whole consumption business model rests on.
Frank Slootman
Chairman Board
CEO from 2019 through the 2020 IPO until February 2024, when he handed the role to Ramaswamy and stayed on as chairman.
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