SNOW Q2 2023 Earnings — Snowflake Inc. Revenue & Financial Results | Market Cap Arena

SNOWSnowflake Inc.

$60B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$497M+82.7% YoY

Gross Profit

$324M65.2% margin

Operating Income

-$208M-41.8% margin

Net Income

-$223M-44.8% margin

EPS (Diluted)

$-0.70

QoQ Revenue Growth

+17.7%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$54M

Stock-Based Comp.

$209M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$1.6B

Stockholders' Equity

$5.4B

Cash & Equivalents

$907M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$497M	$272M	+82.7%
Gross Profit	$324M	$166M	+95.1%
Operating Income	-$208M	-$200M	-3.8%
Net Income	-$223M	-$190M	-17.4%

Revenue Segments

Product

$466M94%

Professional Services And Other

$31M6%

Geographic Segments

UNITED STATES

$405M81%

EMEA

$70M14%

Asia-Pacific and Japan

$23M5%