SNOW Q3 2024 Earnings — Snowflake Inc. Revenue & Financial Results | Market Cap Arena

SNOWSnowflake Inc.

$60B

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$734M+31.8% YoY

Gross Profit

$505M68.8% margin

Operating Income

-$261M-35.5% margin

Net Income

-$214M-29.2% margin

EPS (Diluted)

$-0.65

QoQ Revenue Growth

+8.9%

Cash Flow

Operating Cash Flow

$121M

Free Cash Flow

$102M

Stock-Based Comp.

$298M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$2.3B

Stockholders' Equity

$4.9B

Cash & Equivalents

$982M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$734M	$557M	+31.8%
Gross Profit	$505M	$366M	+37.9%
Operating Income	-$261M	-$206M	-26.5%
Net Income	-$214M	-$201M	-6.6%

Revenue Segments

Product

$698M95%

Professional Services And Other

$36M5%

Geographic Segments

UNITED STATES

$588M80%

EMEA

$110M15%

Asia-Pacific and Japan

$36M5%