SNOW Q1 2023 Earnings — Snowflake Inc. Revenue & Financial Results | Market Cap Arena

SNOWSnowflake Inc.

$60B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$422M+84.5% YoY

Gross Profit

$274M65.0% margin

Operating Income

-$189M-44.7% margin

Net Income

-$166M-39.3% margin

EPS (Diluted)

$-0.53

QoQ Revenue Growth

+10.1%

Cash Flow

Operating Cash Flow

$185M

Free Cash Flow

$172M

Stock-Based Comp.

$172M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$1.6B

Stockholders' Equity

$5.5B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$422M	$229M	+84.5%
Gross Profit	$274M	$132M	+108.6%
Operating Income	-$189M	-$206M	+8.2%
Net Income	-$166M	-$203M	+18.4%

Revenue Segments

Product

$394M93%

Professional Services And Other

$28M7%

Geographic Segments

UNITED STATES

$345M82%

EMEA

$58M14%

Asia-Pacific and Japan

$19M5%