Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of Snowflake Inc.

SNOW · NYSE · Technology

Fundamental quality

REASONABLE

73

out of 100

Snowflake Inc. is in full growth mode but not yet profitable: revenue is growing strongly (50.4% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 73 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (net margin -23.8%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Snowflake sells the data cloud: companies store and analyze their data there, paying by consumption (not flat subscription). It grows fast because data never stops growing — and AI makes it even more valuable.

What will shape its future

  • Customers' data consumption: its model charges by usage, for better and worse.
  • AI as an engine (models feed on data) and competition from Databricks, its rival of the decade.
  • The path to full profitability: expensive growth built on sales and compute spending.

Breakdown by area

I.Growth
95

Revenue growth: 50.4%

II.Profitability
42

Net margin: -23.8% · ROE: -61.7%

III.Financial health
83

Net debt/EBITDA: 1.94x · FCF: 23.2%

Source: SEC EDGAR · TTM through 30/04/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 3%
ROEbeats 1%
Growthbeats 96%
Cash generationbeats 55%
Less debtbeats 26%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Snowflake Inc. strengths

  • Revenue growing strongly (50.4% annualized).
  • High gross margin (67.1%), pointing to pricing power.
  • Excellent free-cash-flow generation (FCF margin of 23.2%): profit turns into real cash.
  • Revenue rising without interruption since 2021.

Snowflake Inc. risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -23.8%).

Snowflake Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021592-539-80-820
20221,219-68094-1,086
20232,066-797521-940
20242,806-836813-1,763
20253,626-1,286913-2,629
20264,684-1,3321,120-2,828

Between 2021 and 2026, revenue went from $592M to $4,684M (+691%) and net income went from -$539M to -$1,332M (-147%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended April 30, 2026, versus the quarter ended April 30, 2025 (SEC filings):

  • Revenue+33.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Snowflake Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Snowflake Inc. a good company to invest in?

In terms of business quality, Snowflake Inc. scores 73 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Snowflake Inc. a profitable company?

Over the last twelve months, no: Snowflake Inc. posts a negative net margin (-23.8%).

Does Snowflake Inc. have a lot of debt?

A moderate level: its net debt is 1.94 times its EBITDA.

Is Snowflake Inc. growing?

Its revenue has grown 50.4% annualized in recent years, and without interruption since 2021.

Does Snowflake Inc. generate cash?

Yes. It converts about 23.2% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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