SnowflakeSNOW

SnowflakeSNOW

Revenue: is the business selling more than it used to?

$4.7B+29% YoYFY 2025

→Revenue reached $4.7B in 2025, compounding +31% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $5.4B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Net income: how much of that revenue becomes profit?

$-1.3BFY 2025

→The company lost $1.3B in 2025, more than the $1.3B it lost the year before. The losses are widening - check the Health chapter for how long the cash lasts.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

How fast is it growing, year by year?

+29.2%revenue growth, FY 2025

→Revenue grew +29% in 2025 against a five-year average of +54%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Revenue per share: is your slice growing as fast as the company?

$13.88revenue per share, FY 2025

→Revenue per share reached $13.88 in 2025, compounding +29% a year against +31% for SNOW as a whole. Dilution absorbed about 2.5 points of that growth. Free cash flow per share stands at $3.32.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Free cash flow: what is left in real cash after everything?

$1.1B+23% YoYFY 2025

→Free cash flow was $1.1B in 2025, compounding +29% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $1.2B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Where does each dollar of revenue actually go?

→Of $4.7B in 2025 sales, nothing survives to the bottom line - the journey ends $1.3B underwater.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

How much of every sales dollar ends up as free cash?

→24 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is research and development, at 42% of revenue (stock compensation 34%, capital spending 2%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin widened 10 points to -31% since 2022. The bottom line is still negative: costs below the operating line eat what is left.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

What does it earn on the money it uses?

→ROE of -51% and ROCE of -30% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

What has the market paid for SNOW over time?

21.9xP/S today

→At 21.9x sales, the market is paying 18% less than SNOW's own 6-year median of 26.5x. Pessimism is priced in - the question is whether it is deserved.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

What cash return does the business throw off per dollar of market value?

1.0%FCF yield today

→Every dollar of market value currently buys 1.0% of annual free cash flow, less than its 6-year median of 1.5% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Could it handle its debt if things went wrong?

→Debt isn't clearly tagged in SNOW's filings, so treat the balance sheet with extra care rather than assuming zero.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Is the company's own capital growing?

→The company's own capital shrank from $5.2B in 2023 to $2.1B (-59%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

How much goes back, and how much leaks out as stock comp?

→Shareholders received $874M in buybacks in 2025. Stock compensation issued $1.6B of new shares in the same year, offsetting 100% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

How fast is your ownership being diluted - or concentrated?

→The share count grew 1.4% in 2025, averaging 1.9% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Does SNOW earn more on its capital than that capital costs?

→SNOW's return on capital is negative at -30.5% in 2025. The capital in the business is not yet earning anything back.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

SNOW has issued or retired shares - did shareholders end up better off?

→SNOW issued +276% more shares from 2019 to 2025, but revenue per share still rose +370%. The dilution bought more growth than it cost existing holders.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

SnowflakeSNOW

Are the people running it buying or selling?

→Insiders sold $424M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 7 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31