SNOW Q2 2024 Earnings — Snowflake Inc. Revenue & Financial Results | Market Cap Arena

SNOWSnowflake Inc.

$60B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$674M+35.5% YoY

Gross Profit

$456M67.6% margin

Operating Income

-$285M-42.3% margin

Net Income

-$227M-33.7% margin

EPS (Diluted)

$-0.69

QoQ Revenue Growth

+8.1%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$60M

Stock-Based Comp.

$300M

Balance Sheet

Total Assets

$7.5B

Total Liabilities

$2.2B

Stockholders' Equity

$5.3B

Cash & Equivalents

$755M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$674M	$497M	+35.5%
Gross Profit	$456M	$324M	+40.6%
Operating Income	-$285M	-$208M	-37.4%
Net Income	-$227M	-$223M	-1.8%

Revenue Segments

Product

$640M95%

Professional Services And Other

$34M5%

Geographic Segments

UNITED STATES

$534M79%

EMEA

$106M16%

Asia-Pacific and Japan

$34M5%