SNOW Q1 2024 Earnings — Snowflake Inc. Revenue & Financial Results | Market Cap Arena

SNOWSnowflake Inc.

$60B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$624M+47.6% YoY

Gross Profit

$414M66.4% margin

Operating Income

-$273M-43.8% margin

Net Income

-$226M-36.2% margin

EPS (Diluted)

$-0.70

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$299M

Free Cash Flow

$292M

Stock-Based Comp.

$265M

Balance Sheet

Total Assets

$7.4B

Total Liabilities

$2.1B

Stockholders' Equity

$5.3B

Cash & Equivalents

$653M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$624M	$422M	+47.6%
Gross Profit	$414M	$274M	+50.9%
Operating Income	-$273M	-$189M	-44.7%
Net Income	-$226M	-$166M	-36.1%

Revenue Segments

Product

$590M95%

Professional Services And Other

$34M5%

Geographic Segments

UNITED STATES

$500M80%

EMEA

$95M15%

Asia-Pacific and Japan

$29M5%