Snowflake Inc(NYSE:SNOW) 
Snowflake Inc. provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share...
Website: http://www.snowflake.com
Founded: 2012
IPO Price: $80 (Sep 16, 2020)
Full Time Employees: 7,296 (Apr 2024)
Co-Founder: Benoit Dageville / Marcin Żukowski / Thierry Cruanes
CEO: Sridhar Ramaswamy
Sector: Technology
Industry: Software & Tech Services
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At a glance:
- Revenue Growth Remains Solid but Normalizing: Snowflake continues to grow revenue at a healthy pace, though growth rates have moderated from prior hypergrowth levels as the business scales and customers optimize spend.
- Consumption Model Drives Volatility and Optimization Cycles: Because Snowflake’s usage-based model depends on customer consumption, results can be influenced by macro conditions and workload optimization, creating quarter-to-quarter variability in net revenue retention and billings.
- Profitability Improving Through Operating Leverage: Management has emphasized cost discipline and efficiency gains, supporting expanding operating margins over time even as the company continues to invest in product and go-to-market.
- Platform Expansion (AI/Data Apps) Is a Key Growth Lever: Newer offerings across data sharing, application development, and AI/ML workloads are central to Snowflake’s strategy to increase wallet share and sustain growth beyond core data warehousing.
- Competitive Landscape Stays Intense: Snowflake faces ongoing competition from hyperscalers and other data platforms, making execution, product differentiation, and partner ecosystem strength important to maintain pricing power and win rates.
Bull Thesis:
- Robust Customer Acquisition and Expansion: Snowflake continues to demonstrate a strong ability to attract new customers across various industries and expand its footprint within existing accounts, evidenced by its high net revenue retention rate and growing customer base.
- Expanding Platform Capabilities and Innovation: The company is consistently innovating, extending its platform beyond core data warehousing to include AI/ML capabilities (e.g., Cortex AI), application development (Snowpark, Native Apps), and industry-specific solutions, significantly broadening its total addressable market and value proposition.
- Powerful Data Cloud Network Effects: Snowflake's unique data sharing capabilities foster a powerful network effect, allowing organizations to easily share and collaborate on data within its ecosystem. This makes the platform increasingly valuable and sticky as more users and data providers join.
- Long-Term Advantage of Consumption-Based Model: While subject to short-term macroeconomic pressures, Snowflake's consumption-based pricing model offers customers unparalleled flexibility and cost alignment with actual usage. This is a significant long-term competitive advantage, particularly attractive to enterprises with variable workloads.
Bear Thesis:
- Decelerating Revenue Growth and Consumption Headwinds: Snowflake has experienced a slowdown in its revenue growth rate, primarily due to customers optimizing their cloud spending in a challenging macroeconomic environment. This directly impacts its consumption-based revenue model, leading to lower-than-expected usage.
- Intense Competition from Hyperscalers and Open Source: The company faces significant competition from major cloud providers (AWS Redshift, Google BigQuery, Azure Synapse) offering their own data warehousing solutions, often bundled with other services. Additionally, open-source alternatives and other data platforms pose a threat, potentially limiting market share and pricing power.
- High Valuation and Path to Sustainable Profitability: Despite recent market adjustments, Snowflake's valuation remains premium relative to its current profitability and growth trajectory. This raises concerns about its ability to meet high market expectations and achieve consistent, strong free cash flow generation in the near to medium term.
- Customer Cost Optimization and 'Bill Shock' Concerns: Some customers have reported challenges in managing and optimizing their Snowflake spending, leading to instances of 'bill shock.' This prompts proactive efforts to reduce consumption, which directly impacts the company's revenue per customer and can lead to churn or reduced expansion.
Main Competitors:
- Databricks (Lakehouse Platform (Delta Lake, Databricks SQL, Photon)), Databricks offers a unified 'lakehouse' platform that combines the best aspects of data lakes and data warehouses. It competes directly with Snowflake by providing a single platform for data engineering, machine learning, data science, and SQL analytics, often leveraging open-source technologies like Apache Spark and Delta Lake. It targets similar enterprise data workloads, emphasizing flexibility, open formats, and AI/ML capabilities.
- Amazon Web Services (AWS) ($AMZN) (Amazon Redshift, Amazon S3, Amazon Athena, AWS Lake Formation), AWS, as the largest cloud provider, offers a suite of native data services that directly compete with Snowflake. Amazon Redshift is a cloud data warehouse, S3 is object storage often used as a data lake, Athena allows querying data in S3, and Lake Formation helps build secure data lakes. Many enterprises choose to build their data platforms entirely within AWS using these services, leveraging existing AWS relationships and integrated ecosystem.
- Google Cloud Platform (GCP) ($GOOGL) (Google BigQuery, Cloud Storage, Dataproc), Google BigQuery is a highly scalable, serverless data warehouse that directly competes with Snowflake. It offers powerful analytics capabilities, built-in machine learning, and real-time data processing. GCP also provides other data services like Cloud Storage (for data lakes) and Dataproc (managed Spark/Hadoop), allowing customers to build comprehensive data platforms natively on Google Cloud.
- Microsoft Azure ($MSFT) (Azure Synapse Analytics, Azure Data Lake Storage, Azure Databricks), Microsoft Azure's primary competitor to Snowflake is Azure Synapse Analytics, a unified analytics platform that brings together data warehousing, big data analytics, and data integration. It allows querying data using SQL or Spark, directly competing for enterprise data analytics workloads. Azure also offers Azure Data Lake Storage and a managed Azure Databricks service, providing a comprehensive suite of data tools within the Microsoft ecosystem.
Moat:
Snowflake's primary moat lies in its unique multi-cluster shared data architecture, offering unparalleled scalability, performance, and ease of use by decoupling compute and storage. Its native data sharing capabilities and Data Marketplace also provide a significant network effect, fostering a collaborative data ecosystem. However, the company faces intense competition from hyperscale cloud providers (AWS, Google Cloud, Microsoft Azure) who offer their own comprehensive and often deeply integrated data warehousing and analytics services (e.g., Redshift, BigQuery, Synapse Analytics). Databricks also presents a formidable challenge with its 'lakehouse' platform, emphasizing open formats, data engineering, and AI/ML capabilities. Competitors are continuously innovating, striving for feature parity and leveraging existing customer relationships and cloud ecosystem lock-in to vie for market share in the rapidly evolving cloud data platform space.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 1,212,909,000 | 1,144,969,000 | 1,042,074,000 | 986,770,000 | 942,094,000 | 868,823,000 | 828,709,000 | 774,699,000 | 734,173,000 | 674,018,000 | 623,599,000 | 589,012,000 | 557,028,000 | 497,248,000 | 422,371,000 | 383,774,000 | 334,441,000 | 272,198,000 | 228,914,000 | 190,465,000 | 159,624,000 |
yoy | 28.75% | 31.78% | 25.75% | 27.37% | 28.32% | 28.90% | 32.89% | 31.53% | 31.80% | 35.55% | 47.64% | 53.48% | 66.55% | 82.68% | 84.51% | 101.49% | 109.52% | ||||
qoq | 5.93% | 9.87% | 5.60% | 4.74% | 8.43% | 4.84% | 6.97% | 5.52% | 8.92% | 8.09% | 5.87% | 5.74% | 12.02% | 17.73% | 10.06% | 14.75% | 22.87% | 18.91% | 20.19% | 19.32% | |
cost of revenue | 390,873,000 | 371,815,000 | 348,786,000 | 333,184,000 | 320,894,000 | 288,078,000 | 272,517,000 | 241,804,000 | 228,948,000 | 218,392,000 | 209,414,000 | 205,657,000 | 190,721,000 | 173,232,000 | 147,930,000 | 134,180,000 | 120,786,000 | 106,121,000 | 97,346,000 | 82,904,000 | 66,681,000 |
gross profit | 822,036,000 | 773,154,000 | 693,288,000 | 653,586,000 | 621,200,000 | 580,745,000 | 556,192,000 | 532,895,000 | 505,225,000 | 455,626,000 | 414,185,000 | 383,355,000 | 366,307,000 | 324,016,000 | 274,441,000 | 249,594,000 | 213,655,000 | 166,077,000 | 131,568,000 | 107,561,000 | 92,943,000 |
yoy | 32.33% | 33.13% | 24.65% | 22.65% | 22.96% | 27.46% | 34.29% | 39.01% | 37.92% | 40.62% | 50.92% | 53.59% | 71.45% | 95.10% | 108.59% | 132.05% | 129.88% | ||||
qoq | 6.32% | 11.52% | 6.07% | 5.21% | 6.97% | 4.41% | 4.37% | 5.48% | 10.89% | 10.01% | 8.04% | 4.65% | 13.05% | 18.06% | 9.95% | 16.82% | 28.65% | 26.23% | 22.32% | 15.73% | |
gross margin % | 67.77% | 67.53% | 66.53% | 66.23% | 65.94% | 66.84% | 67.12% | 68.79% | 68.82% | 67.60% | 66.42% | 65.08% | 65.76% | 65.16% | 64.98% | 65.04% | 63.88% | 61.01% | 57.47% | 56.47% | 58.23% |
operating expenses: | |||||||||||||||||||||
sales and marketing | 550,364,000 | 501,957,000 | 458,554,000 | 432,683,000 | 437,962,000 | 400,625,000 | 400,822,000 | 361,822,000 | 355,079,000 | 343,288,000 | 331,558,000 | 303,473,000 | 284,477,000 | 274,645,000 | 243,912,000 | 203,287,000 | 190,971,000 | 182,903,000 | 166,804,000 | 154,050,000 | 134,727,000 |
research and development | 494,027,000 | 492,003,000 | 472,404,000 | 492,490,000 | 442,435,000 | 437,660,000 | 410,794,000 | 364,476,000 | 332,065,000 | 313,996,000 | 277,412,000 | 242,125,000 | 211,387,000 | 183,748,000 | 150,798,000 | 123,149,000 | 115,900,000 | 118,087,000 | 109,796,000 | 93,997,000 | 74,138,000 |
general and administrative | 107,118,000 | 119,470,000 | 209,587,000 | 115,091,000 | 106,260,000 | 97,763,000 | 93,148,000 | 82,102,000 | 78,704,000 | 83,749,000 | 78,453,000 | 77,507,000 | 76,462,000 | 73,355,000 | 68,497,000 | 75,187,000 | 64,055,000 | 65,228,000 | 60,563,000 | 59,911,000 | 53,532,000 |
total operating expenses | 1,151,509,000 | 1,113,430,000 | 1,140,545,000 | 1,040,264,000 | 986,657,000 | 936,048,000 | 904,764,000 | 808,400,000 | 765,848,000 | 741,033,000 | 687,423,000 | 623,105,000 | 572,326,000 | 531,748,000 | 463,207,000 | 401,623,000 | 370,926,000 | 366,218,000 | 337,163,000 | 307,958,000 | 262,397,000 |
operating income | -329,473,000 | -340,276,000 | -447,257,000 | -386,678,000 | -365,457,000 | -355,303,000 | -348,572,000 | -275,505,000 | -260,623,000 | -285,407,000 | -273,238,000 | -239,750,000 | -206,019,000 | -207,732,000 | -188,766,000 | -152,029,000 | -157,271,000 | -200,141,000 | -205,595,000 | -200,397,000 | -169,454,000 |
yoy | -9.85% | -4.23% | 28.31% | 40.35% | 40.22% | 24.49% | 27.57% | 14.91% | 26.50% | 37.39% | 44.75% | 57.70% | 31.00% | 3.79% | -8.19% | -24.14% | -7.19% | ||||
qoq | -3.17% | -23.92% | 15.67% | 5.81% | 2.86% | 1.93% | 26.52% | 5.71% | -8.68% | 4.45% | 13.97% | 16.37% | -0.82% | 10.05% | 24.16% | -3.33% | -21.42% | -2.65% | 2.59% | 18.26% | |
operating margin % | -27.16% | -29.72% | -42.92% | -39.19% | -38.79% | -40.89% | -42.06% | -35.56% | -35.50% | -42.34% | -43.82% | -40.70% | -36.99% | -41.78% | -44.69% | -39.61% | -47.03% | -73.53% | -89.81% | -105.21% | -106.16% |
interest income | 45,481,000 | 49,467,000 | 53,163,000 | 56,310,000 | 48,655,000 | 49,265,000 | 54,779,000 | 53,761,000 | 53,491,000 | 50,280,000 | 43,131,000 | 35,531,000 | 21,857,000 | 11,692,000 | 4,759,000 | 2,342,000 | 1,985,000 | 2,190,000 | 2,612,000 | 1,853,000 | 1,517,000 |
interest expense | -2,075,000 | -2,074,000 | -2,071,000 | -2,070,000 | -689,000 | ||||||||||||||||
other income | -1,854,000 | -4,985,000 | -28,058,000 | 2,383,000 | -8,474,000 | -7,946,000 | -21,302,000 | 47,533,000 | -4,170,000 | 4,086,000 | -2,562,000 | -2,893,000 | -13,271,000 | -22,920,000 | -8,481,000 | 19,080,000 | 1,609,000 | 8,746,000 | -488,000 | 951,000 | -519,000 |
income before income taxes | -287,921,000 | -297,868,000 | -424,223,000 | -330,055,000 | -325,965,000 | -313,984,000 | -315,095,000 | -174,211,000 | -211,302,000 | -231,041,000 | -232,669,000 | -207,112,000 | -197,433,000 | -218,960,000 | -192,488,000 | -130,607,000 | -153,677,000 | -189,205,000 | -203,471,000 | -197,593,000 | -168,456,000 |
benefit from income taxes | 3,682,000 | 62,000 | 5,729,000 | -4,331,000 | 1,937,000 | 3,786,000 | 2,721,000 | -4,299,000 | 3,392,000 | -3,721,000 | -6,605,000 | 372,000 | 4,009,000 | 3,846,000 | -26,694,000 | 1,546,000 | 1,179,000 | 514,000 | -251,000 | 1,342,000 | 433,000 |
net income | -291,603,000 | -297,930,000 | -429,952,000 | -325,724,000 | -327,902,000 | -317,770,000 | -317,816,000 | -169,912,000 | -214,694,000 | -227,320,000 | -226,064,000 | -207,484,000 | -201,442,000 | -222,806,000 | -165,794,000 | -132,153,000 | -154,856,000 | -189,719,000 | -203,220,000 | -198,935,000 | -168,889,000 |
yoy | -11.07% | -6.24% | 35.28% | 91.70% | 52.73% | 39.79% | 40.59% | -18.11% | 6.58% | 2.03% | 36.35% | 57.00% | 30.08% | 17.44% | -18.42% | -33.57% | -8.31% | ||||
qoq | -2.12% | -30.71% | 32.00% | -0.66% | 3.19% | -0.01% | 87.05% | -20.86% | -5.55% | 0.56% | 8.95% | 3.00% | -9.59% | 34.39% | 25.46% | -14.66% | -18.38% | -6.64% | 2.15% | 17.79% | |
net income margin % | -24.04% | -26.02% | -41.26% | -33.01% | -34.81% | -36.57% | -38.35% | -21.93% | -29.24% | -33.73% | -36.25% | -35.23% | -36.16% | -44.81% | -39.25% | -34.44% | -46.30% | -69.70% | -88.78% | -104.45% | -105.80% |
less: net income attributable to noncontrolling interest | 2,354,000 | 87,000 | 140,000 | ||||||||||||||||||
net loss attributable to snowflake inc. | -293,957,000 | -298,017,000 | -430,092,000 | -327,474,000 | -324,279,000 | -316,899,000 | -316,988,000 | -169,352,000 | -214,251,000 | -226,867,000 | -225,627,000 | -207,169,000 | -200,936,000 | ||||||||
net income per share | -0.87 | -0.89 | -1.29 | -0.98 | -0.98 | -0.95 | -0.95 | -0.51 | -0.65 | -0.69 | -0.7 | -0.64 | -0.63 | -0.7 | -0.53 | -0.42 | -0.51 | -0.64 | -0.7 | -0.18 | -1.01 |
weighted-average shares used for eps calculation | 339,648 | 335,215 | 332,657 | 332,707 | 331,761 | 334,071 | 333,584 | 328,001 | 329,310 | 327,335 | 324,157 | 318,730 | 320,135 | 318,356 | 314,361 | 300,273,227 | 303,006,685 | 297,717,099 | 291,385,850 | 141,613,196 | 166,868,200 |
less: net loss attributable to noncontrolling interest | 1,750,000 | -3,623,000 | -871,000 | -828,000 | -560,000 | -443,000 | -453,000 | -437,000 | -315,000 | -506,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 |
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assets | |||||||||||||||||||||
current assets: | |||||||||||||||||||||
cash and cash equivalents | 1,941,657,000 | 1,880,720,000 | 2,243,083,000 | 2,628,798,000 | 2,148,928,000 | 1,282,045,000 | 1,330,411,000 | 1,762,749,000 | 982,182,000 | 755,192,000 | 653,014,000 | 939,902,000 | 819,003,000 | 906,663,000 | 1,063,401,000 | 1,085,729,000 | 935,217,000 | 698,548,000 | 644,674,000 | 820,177,000 | 3,939,925,000 |
short-term investments | 1,411,448,000 | 1,705,988,000 | 1,667,601,000 | 2,008,873,000 | 2,008,062,000 | 1,948,462,000 | 2,200,935,000 | 2,083,499,000 | 2,566,357,000 | 2,996,941,000 | 3,292,514,000 | 3,067,966,000 | 3,123,879,000 | 3,046,477,000 | 2,751,679,000 | 2,766,364,000 | 2,955,613,000 | 3,436,941,000 | 3,285,751,000 | 3,087,887,000 | 814,123,000 |
accounts receivable | 938,145,000 | 646,682,000 | 530,517,000 | 922,805,000 | 596,352,000 | 431,597,000 | 345,505,000 | 926,902,000 | 511,034,000 | 406,404,000 | 352,993,000 | 715,821,000 | 394,063,000 | 304,964,000 | 277,559,000 | 545,629,000 | 254,243,000 | 237,457,000 | 166,337,000 | 294,017,000 | 168,982,000 |
deferred commissions, current | 167,926,000 | 129,873,000 | 104,187,000 | 97,662,000 | 89,831,000 | 86,899,000 | 85,448,000 | 86,096,000 | 74,574,000 | 71,969,000 | 69,205,000 | 67,901,000 | 61,738,000 | 57,908,000 | 53,943,000 | 51,398,000 | 42,896,000 | 39,265,000 | 35,448,000 | 32,371,000 | 28,063,000 |
prepaid expenses and other current assets | 164,319,000 | 232,864,000 | 240,586,000 | 211,234,000 | 140,898,000 | 149,085,000 | 180,991,000 | 180,018,000 | 178,136,000 | 174,445,000 | 201,821,000 | 193,100,000 | 160,221,000 | 187,685,000 | 195,151,000 | 149,523,000 | 120,288,000 | 95,891,000 | 89,126,000 | 66,200,000 | 35,678,000 |
total current assets | 4,623,495,000 | 4,596,127,000 | 4,785,974,000 | 5,869,372,000 | 4,984,071,000 | 3,898,088,000 | 4,143,290,000 | 5,039,264,000 | 4,312,283,000 | 4,404,951,000 | 4,569,547,000 | 4,984,690,000 | 4,558,904,000 | 4,503,697,000 | 4,341,733,000 | 4,598,643,000 | 4,308,257,000 | 4,508,102,000 | 4,221,336,000 | 4,300,652,000 | 4,986,771,000 |
long-term investments | 1,041,474,000 | 1,012,904,000 | 956,144,000 | 656,476,000 | 892,777,000 | 697,406,000 | 927,981,000 | 916,307,000 | 947,829,000 | 1,100,748,000 | 1,090,715,000 | 1,073,023,000 | 943,081,000 | 1,086,684,000 | 1,212,378,000 | 1,256,207,000 | 1,211,858,000 | 956,011,000 | 1,177,675,000 | 1,165,275,000 | 347,403,000 |
property and equipment | 265,844,000 | 283,051,000 | 290,332,000 | 296,393,000 | 278,374,000 | 264,778,000 | 263,667,000 | 247,464,000 | 216,380,000 | 193,823,000 | 176,433,000 | 160,823,000 | 145,974,000 | 130,082,000 | 118,611,000 | 105,079,000 | 94,377,000 | 83,643,000 | 77,075,000 | 68,968,000 | 53,650,000 |
operating lease right-of-use assets | 254,641,000 | 262,419,000 | 261,971,000 | 359,439,000 | 280,719,000 | 272,459,000 | 244,681,000 | 252,128,000 | 254,236,000 | 262,229,000 | 229,394,000 | 231,266,000 | 234,678,000 | 222,240,000 | 188,946,000 | 190,356,000 | 184,057,000 | 174,974,000 | 182,057,000 | 186,818,000 | 189,255,000 |
goodwill | 1,174,960,000 | 1,174,978,000 | 1,056,559,000 | 1,056,559,000 | 990,665,000 | 984,076,000 | 975,906,000 | 975,906,000 | 784,405,000 | 774,300,000 | 711,251,000 | 657,370,000 | 649,092,000 | 502,614,000 | 502,614,000 | 8,449,000 | 8,449,000 | 8,449,000 | 8,449,000 | 8,449,000 | 8,449,000 |
intangible assets | 256,580,000 | 285,448,000 | 253,944,000 | 278,028,000 | 268,514,000 | 286,538,000 | 307,967,000 | 331,411,000 | 329,767,000 | 346,101,000 | 256,419,000 | 186,013,000 | 196,165,000 | 172,254,000 | 181,851,000 | 37,141,000 | 26,167,000 | 28,089,000 | 29,772,000 | 16,091,000 | 14,820,000 |
deferred commissions, non-current | 209,511,000 | 187,206,000 | 182,761,000 | 183,967,000 | 177,307,000 | 177,457,000 | 179,917,000 | 187,093,000 | 150,362,000 | 146,358,000 | 142,751,000 | 145,286,000 | 133,939,000 | 129,222,000 | 124,340,000 | 124,517,000 | 101,551,000 | 96,174,000 | 89,858,000 | 86,164,000 | 73,839,000 |
other assets | 403,686,000 | 394,594,000 | 369,722,000 | 333,704,000 | 329,831,000 | 363,084,000 | 254,609,000 | 273,810,000 | 269,117,000 | 281,306,000 | 270,264,000 | 283,851,000 | 293,855,000 | 317,322,000 | 352,226,000 | 329,306,000 | 228,755,000 | 176,974,000 | 142,788,000 | 89,322,000 | 38,702,000 |
total assets | 8,230,191,000 | 8,196,727,000 | 8,157,407,000 | 9,033,938,000 | 8,202,258,000 | 6,943,886,000 | 7,298,018,000 | 8,223,383,000 | 7,264,379,000 | 7,509,816,000 | 7,446,774,000 | 7,722,322,000 | 7,155,688,000 | 7,064,115,000 | 7,022,699,000 | 6,649,698,000 | 6,163,471,000 | 6,032,416,000 | 5,929,010,000 | 5,921,739,000 | 5,712,889,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||
current liabilities: | |||||||||||||||||||||
accounts payable | 193,691,000 | 166,786,000 | 155,263,000 | 169,767,000 | 148,920,000 | 134,537,000 | 64,239,000 | 51,721,000 | 75,456,000 | 41,248,000 | 22,221,000 | 23,672,000 | 24,757,000 | 20,286,000 | 18,442,000 | 13,441,000 | 10,559,000 | 9,475,000 | 4,371,000 | 5,647,000 | 5,061,000 |
accrued expenses and other current liabilities | 725,793,000 | 622,800,000 | 528,380,000 | 515,454,000 | 485,130,000 | 448,926,000 | 398,002,000 | 446,860,000 | 318,281,000 | 315,133,000 | 275,685,000 | 269,069,000 | 225,321,000 | 209,772,000 | 185,281,000 | 200,664,000 | 163,238,000 | 143,864,000 | 116,807,000 | 125,315,000 | 85,038,000 |
operating lease liabilities, current | 40,208,000 | 38,109,000 | 37,098,000 | 35,923,000 | 38,288,000 | 32,843,000 | 30,940,000 | 33,944,000 | 33,348,000 | 33,846,000 | 29,190,000 | 27,301,000 | 29,263,000 | 26,605,000 | 27,298,000 | 25,101,000 | 25,194,000 | 20,641,000 | 20,734,000 | 19,650,000 | 19,333,000 |
deferred revenue, current | 2,423,622,000 | 2,268,387,000 | 2,309,803,000 | 2,580,039,000 | 1,974,934,000 | 1,848,376,000 | 1,935,642,000 | 2,198,705,000 | 1,605,587,000 | 1,523,085,000 | 1,560,445,000 | 1,673,475,000 | 1,199,701,000 | 1,144,773,000 | 1,132,697,000 | 1,157,887,000 | 759,744,000 | 701,758,000 | 635,086,000 | 638,652,000 | 438,227,000 |
total current liabilities | 3,383,314,000 | 3,096,082,000 | 3,030,544,000 | 3,301,183,000 | 2,647,272,000 | 2,464,682,000 | 2,428,823,000 | 2,731,230,000 | 2,032,672,000 | 1,913,312,000 | 1,887,541,000 | 1,993,517,000 | 1,479,042,000 | 1,401,436,000 | 1,363,718,000 | 1,397,093,000 | 958,735,000 | 875,738,000 | 776,998,000 | 789,264,000 | 547,659,000 |
convertible senior notes | 2,277,749,000 | 2,275,674,000 | 2,273,600,000 | 2,271,529,000 | 2,269,459,000 | ||||||||||||||||
operating lease liabilities, non-current | 367,658,000 | 378,546,000 | 377,065,000 | 377,818,000 | 287,881,000 | 279,969,000 | 247,501,000 | 254,037,000 | 253,029,000 | 263,006,000 | 225,653,000 | 224,357,000 | 225,013,000 | 215,152,000 | 179,251,000 | 181,196,000 | 178,697,000 | 174,256,000 | 179,796,000 | 184,887,000 | 186,718,000 |
deferred revenue, non-current | 10,884,000 | 11,540,000 | 13,724,000 | 15,501,000 | 11,973,000 | 12,280,000 | 14,692,000 | 14,402,000 | 12,082,000 | 12,477,000 | 14,152,000 | 11,463,000 | 7,333,000 | 8,793,000 | 10,434,000 | 11,180,000 | 7,132,000 | 7,100,000 | 3,650,000 | 4,194,000 | 3,477,000 |
other liabilities | 57,653,000 | 55,296,000 | 47,620,000 | 61,264,000 | 51,264,000 | 49,367,000 | 39,310,000 | 33,120,000 | 25,829,000 | 22,794,000 | 21,443,000 | 24,370,000 | 21,029,000 | 12,411,000 | 11,302,000 | 11,184,000 | 12,225,000 | 10,357,000 | 10,245,000 | 6,923,000 | 7,220,000 |
total liabilities | 6,097,258,000 | 5,817,138,000 | 5,742,553,000 | 6,027,295,000 | 5,267,849,000 | 2,806,298,000 | 2,730,326,000 | 3,032,789,000 | 2,323,612,000 | 2,211,589,000 | 2,148,789,000 | 2,253,707,000 | 1,732,417,000 | 1,637,792,000 | 1,564,705,000 | 1,600,653,000 | 1,156,789,000 | 1,067,451,000 | 970,689,000 | 985,268,000 | 745,074,000 |
commitments and contingencies | |||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||
preferred stock; 0.0001 par value per share... | |||||||||||||||||||||
common stock; 0.0001 par value per share... | 34,000 | 34,000 | 34,000 | 34,000 | 33,000 | 34,000 | 34,000 | 34,000 | 33,000 | 33,000 | 33,000 | 32,000 | 32,000 | 32,000 | 32,000 | ||||||
treasury stock | -55,714,000 | -56,968,000 | -58,153,000 | -59,505,000 | -61,390,000 | -62,800,000 | -63,958,000 | -67,140,000 | -68,299,000 | -68,299,000 | -68,299,000 | ||||||||||
additional paid-in capital | 11,218,186,000 | 10,939,122,000 | 10,672,455,000 | 10,355,211,000 | 9,964,054,000 | 9,822,965,000 | 9,546,792,000 | 9,331,238,000 | 8,931,647,000 | 8,679,411,000 | 8,450,433,000 | 8,210,750,000 | 7,988,829,000 | 7,782,117,000 | 7,589,712,000 | 6,984,669,000 | 6,797,354,000 | 6,596,154,000 | 6,400,566,000 | ||
accumulated other comprehensive income | 5,123,000 | 2,782,000 | -16,286,000 | -3,486,000 | 1,141,000 | 366,000 | |||||||||||||||
accumulated deficit | -9,034,696,000 | -8,512,322,000 | -8,214,507,000 | -7,293,575,000 | -6,970,492,000 | -5,625,819,000 | -4,908,921,000 | -4,075,604,000 | -3,906,252,000 | -3,291,963,000 | -3,065,096,000 | -2,716,074,000 | -2,508,905,000 | -2,307,969,000 | -2,085,163,000 | -1,919,369,000 | -1,787,216,000 | -1,632,360,000 | -1,442,641,000 | ||
total snowflake inc. stockholders’ equity | 2,132,933,000 | 2,372,648,000 | 2,408,000,000 | 2,999,929,000 | 2,929,445,000 | 4,129,001,000 | 4,558,234,000 | 5,180,308,000 | 4,929,921,000 | 5,286,938,000 | 5,286,243,000 | 5,456,436,000 | 5,410,777,000 | ||||||||
noncontrolling interest | 6,941,000 | 6,854,000 | 6,714,000 | 4,964,000 | 8,587,000 | 9,458,000 | 10,286,000 | 10,846,000 | 11,289,000 | 11,742,000 | 12,179,000 | 12,494,000 | |||||||||
total stockholders’ equity | 2,132,933,000 | 2,379,589,000 | 2,414,854,000 | 3,006,643,000 | 2,934,409,000 | 4,137,588,000 | 4,567,692,000 | 5,190,594,000 | 4,940,767,000 | 5,298,227,000 | 5,297,985,000 | 5,468,615,000 | 5,423,271,000 | 5,426,323,000 | 5,457,994,000 | 5,049,045,000 | 5,006,682,000 | 4,964,965,000 | 4,958,321,000 | ||
total liabilities and stockholders’ equity | 8,230,191,000 | 8,196,727,000 | 8,157,407,000 | 9,033,938,000 | 8,202,258,000 | 6,943,886,000 | 7,298,018,000 | 8,223,383,000 | 7,264,379,000 | 7,509,816,000 | 7,446,774,000 | 7,722,322,000 | 7,155,688,000 | 7,064,115,000 | 7,022,699,000 | 6,649,698,000 | 6,163,471,000 | 6,032,416,000 | 5,929,010,000 | ||
accumulated other comprehensive loss | 8,171,000 | -2,236,000 | -2,760,000 | -5,379,000 | -15,713,000 | -8,220,000 | -27,208,000 | -32,244,000 | -30,828,000 | -38,272,000 | -69,179,000 | -47,857,000 | -46,587,000 | ||||||||
class a common stock; 0.0001 par value per share... | 31,000 | 30,000 | 30,000 | 30,000 | 11,000 | ||||||||||||||||
class b common stock; 0.0001 par value per share... | 17,000 | ||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | |||||||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||||
redeemable convertible preferred stock; 0.0001 par value per share... | |||||||||||||||||||||
stockholders’ equity |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||
net loss | -291,603,000 | -297,930,000 | -429,952,000 | -325,724,000 | -327,902,000 | -317,770,000 | -317,816,000 | -169,912,000 | -214,694,000 | -227,320,000 | -226,064,000 | -207,484,000 | -201,442,000 | -222,806,000 | -165,794,000 | -132,153,000 | -154,856,000 | -189,719,000 | -203,220,000 | -198,935,000 |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||
depreciation and amortization | 57,878,000 | 54,837,000 | 48,804,000 | 50,130,000 | 47,046,000 | 45,111,000 | 40,221,000 | 34,986,000 | 32,470,000 | 29,284,000 | 23,163,000 | 19,726,000 | 17,696,000 | 16,172,000 | 9,941,000 | 5,912,000 | 5,518,000 | 5,384,000 | 4,684,000 | 3,215,000 |
non-cash operating lease costs | 15,764,000 | 16,156,000 | 17,842,000 | 17,573,000 | 14,802,000 | 13,846,000 | 13,722,000 | 13,751,000 | 13,488,000 | 12,784,000 | 12,869,000 | 12,661,000 | 12,340,000 | 11,148,000 | 10,091,000 | 9,658,000 | 8,855,000 | 8,531,000 | 8,509,000 | 8,635,000 |
amortization of deferred commissions | 36,458,000 | 33,158,000 | 25,796,000 | 24,293,000 | 23,249,000 | 22,822,000 | 22,764,000 | 20,065,000 | 18,869,000 | 18,181,000 | 17,672,000 | 15,920,000 | 14,554,000 | 13,770,000 | 13,201,000 | 11,052,000 | 9,667,000 | 8,841,000 | 8,316,000 | 7,608,000 |
stock-based compensation, net of amounts capitalized | 412,278,000 | 404,217,000 | 379,460,000 | 428,119,000 | 363,259,000 | 356,000,000 | 331,936,000 | 305,498,000 | 298,286,000 | 299,722,000 | 264,509,000 | 250,696,000 | 229,163,000 | 209,181,000 | 172,493,000 | 145,703,000 | 144,387,000 | 163,991,000 | 151,014,000 | 143,651,000 |
net accretion of discounts on investments | -5,100,000 | -5,717,000 | -7,652,000 | -9,097,000 | -12,780,000 | -11,992,000 | ||||||||||||||
net realized and unrealized losses on strategic investments in equity securities | 255,000 | 5,580,000 | 29,685,000 | -4,394,000 | 8,611,000 | 6,508,000 | 20,695,000 | |||||||||||||
amortization of debt issuance costs | 2,075,000 | 2,074,000 | 2,071,000 | 2,070,000 | ||||||||||||||||
asset impairment related to office facility exit | 96,000 | 2,131,000 | 106,488,000 | |||||||||||||||||
deferred income tax | 0 | -7,139,000 | -581,000 | -13,655,000 | -213,000 | -4,026,000 | -8,868,000 | -1,387,000 | 1,387,000 | 0 | -26,664,000 | |||||||||
non-cash restructuring charges (recoveries) | ||||||||||||||||||||
other | 1,216,000 | 1,685,000 | -5,174,000 | 2,541,000 | 2,961,000 | 1,249,000 | 669,000 | 609,000 | 2,474,000 | 1,834,000 | 9,978,000 | 940,000 | -1,396,000 | 313,000 | 1,761,000 | -1,238,000 | -247,000 | 1,568,000 | 1,214,000 | 507,000 |
changes in operating assets and liabilities, net of effects of business combinations: | ||||||||||||||||||||
accounts receivable | -288,676,000 | -117,606,000 | 393,657,000 | -328,168,000 | -163,488,000 | -87,127,000 | 579,319,000 | -417,221,000 | -104,705,000 | -53,050,000 | 362,893,000 | -317,688,000 | -88,846,000 | -27,087,000 | 266,656,000 | -290,794,000 | -16,754,000 | -71,283,000 | 127,179,000 | -125,510,000 |
deferred commissions | -96,816,000 | -53,750,000 | -31,114,000 | -38,784,000 | -26,031,000 | -21,814,000 | -14,940,000 | -68,317,000 | -25,478,000 | -24,552,000 | -16,440,000 | -31,480,000 | -23,721,000 | -23,188,000 | -16,718,000 | -42,985,000 | -18,961,000 | -19,182,000 | -14,749,000 | -24,183,000 |
prepaid expenses and other assets | 19,823,000 | -4,486,000 | -17,852,000 | -12,606,000 | 9,109,000 | 34,458,000 | -1,111,000 | 8,221,000 | 4,658,000 | 41,389,000 | 5,527,000 | -16,073,000 | 41,346,000 | 29,358,000 | -57,535,000 | -46,361,000 | -42,710,000 | -15,731,000 | -54,357,000 | -32,869,000 |
accounts payable | 28,948,000 | 11,771,000 | -4,423,000 | 6,131,000 | 11,296,000 | 70,181,000 | 21,244,000 | -32,460,000 | 34,203,000 | 20,562,000 | -3,093,000 | -2,280,000 | 4,079,000 | 2,067,000 | 4,158,000 | 2,780,000 | 869,000 | 4,967,000 | -1,245,000 | 928,000 |
accrued expenses and other liabilities | 120,620,000 | 93,291,000 | 3,935,000 | 32,174,000 | 34,065,000 | 59,325,000 | -54,688,000 | 137,339,000 | 6,603,000 | 35,648,000 | -8,542,000 | 46,792,000 | 17,272,000 | 24,672,000 | -14,217,000 | 36,666,000 | 19,386,000 | 30,287,000 | -6,567,000 | 35,775,000 |
operating lease liabilities | -15,990,000 | -14,559,000 | -11,838,000 | -13,367,000 | -9,055,000 | -11,915,000 | -13,374,000 | -11,759,000 | -12,716,000 | -5,260,000 | -10,763,000 | -13,166,000 | -10,990,000 | -9,810,000 | -8,376,000 | -13,491,000 | -8,766,000 | -8,159,000 | -7,833,000 | -7,863,000 |
deferred revenue | 151,452,000 | -52,511,000 | -271,360,000 | 609,441,000 | 122,773,000 | -88,278,000 | -261,181,000 | 595,438,000 | 82,106,000 | -39,035,000 | -110,480,000 | 467,634,000 | 55,316,000 | 12,792,000 | -21,441,000 | 402,191,000 | 58,018,000 | 70,122,000 | -4,110,000 | 201,142,000 |
net cash from operating activities | 137,519,000 | 74,896,000 | 228,373,000 | 432,725,000 | 101,706,000 | 69,865,000 | 355,468,000 | 344,580,000 | 120,907,000 | 83,191,000 | 299,444,000 | 217,316,000 | 79,277,000 | 64,433,000 | 184,613,000 | 78,898,000 | 15,538,000 | -6,111,000 | 21,854,000 | 19,614,000 |
capital expenditures | -23,905,000 | -16,665,000 | -17,282,000 | -23,472,000 | -11,035,000 | -23,923,000 | -20,101,000 | -18,635,000 | -14,172,000 | -16,311,000 | -12,055,000 | -14,284,000 | -10,584,000 | -12,217,000 | -8,172,000 | -6,070,000 | -5,841,000 | -8,910,000 | -12,298,000 | |
free cash flows | 113,614,000 | 58,231,000 | 415,443,000 | 78,234,000 | 58,830,000 | 331,545,000 | 324,479,000 | 102,272,000 | 69,019,000 | 283,133,000 | 205,261,000 | 64,993,000 | 53,849,000 | 172,396,000 | 70,726,000 | 9,468,000 | -11,952,000 | 12,944,000 | 7,316,000 | |
cash flows from investing activities: | ||||||||||||||||||||
purchases of property and equipment | -23,905,000 | -16,665,000 | -44,989,000 | -11,277,000 | -13,440,000 | -5,043,000 | -16,519,000 | -13,072,000 | -8,746,000 | -6,298,000 | -6,970,000 | -5,362,000 | -8,505,000 | -3,848,000 | -7,413,000 | -4,012,000 | -2,282,000 | -3,497,000 | -6,430,000 | -11,019,000 |
capitalized software development costs | ||||||||||||||||||||
cash paid for business combinations, net of cash acquired | 0 | |||||||||||||||||||
purchases of intangible assets | 0 | 0 | -1,264,000 | 0 | 0 | -13,152,000 | 0 | -722,000 | -10,460,000 | -2,190,000 | ||||||||||
purchases of investments | -341,172,000 | -636,469,000 | -1,012,575,000 | -280,258,000 | -1,014,243,000 | -196,481,000 | -1,078,261,000 | -380,877,000 | -369,365,000 | -688,678,000 | -1,037,286,000 | -1,105,154,000 | -870,910,000 | -1,027,966,000 | -897,291,000 | -1,207,942,000 | -1,053,763,000 | -842,963,000 | -1,145,670,000 | -3,624,832,000 |
sales of investments | 522,000 | 1,476,000 | 17,399,000 | 10,179,000 | 13,597,000 | 10,437,000 | 30,360,000 | 0 | 4,000,000 | 1,614,000 | 5,652,000 | 0 | 14,881,000 | 32,958,000 | 10,974,000 | 33,066,000 | 14,691,000 | 7,929,000 | 384,383,000 | 148,365,000 |
maturities and redemptions of investments | 612,794,000 | 517,947,000 | 984,182,000 | 525,429,000 | 765,195,000 | 590,063,000 | 921,395,000 | 919,719,000 | 971,087,000 | 971,217,000 | 808,844,000 | 1,062,479,000 | 898,081,000 | 809,845,000 | 886,667,000 | 1,232,367,000 | 1,216,206,000 | 877,635,000 | 516,588,000 | 329,348,000 |
settlement of cash flow hedges | 0 | 0 | 0 | -749,000 | ||||||||||||||||
net cash from investing activities | 248,239,000 | -299,252,000 | -55,983,000 | 224,888,000 | -267,142,000 | 384,078,000 | -151,178,000 | 522,569,000 | 570,860,000 | 101,042,000 | -362,213,000 | -64,784,000 | -146,862,000 | -196,447,000 | -189,792,000 | 36,167,000 | 171,064,000 | 36,038,000 | -264,069,000 | -3,161,607,000 |
cash flows from financing activities: | ||||||||||||||||||||
proceeds from exercise of stock options | 28,849,000 | 28,186,000 | 6,260,000 | 9,674,000 | 11,548,000 | 12,978,000 | 10,686,000 | 18,340,000 | 7,335,000 | 16,149,000 | 15,370,000 | 8,798,000 | 7,299,000 | 8,520,000 | 15,276,000 | 36,592,000 | 24,579,000 | 24,463,000 | 41,402,000 | 22,278,000 |
proceeds from issuance of common stock under employee stock purchase plan | 34,930,000 | 0 | 53,193,000 | 0 | 30,318,000 | 0 | 46,735,000 | 0 | 24,169,000 | 0 | 37,065,000 | 0 | 14,837,000 | 0 | 26,094,000 | |||||
taxes paid related to net share settlement of equity awards | -190,724,000 | -161,999,000 | -132,498,000 | -129,542,000 | -81,493,000 | -103,524,000 | -174,590,000 | -106,971,000 | -91,118,000 | -98,311,000 | -84,399,000 | -48,882,000 | -51,657,000 | -30,893,000 | -53,216,000 | |||||
repurchases of common stock | -232,896,000 | 0 | -490,638,000 | 0 | -1,016,004,000 | -400,000,000 | -516,329,000 | 0 | -400,038,000 | 0 | -191,694,000 | |||||||||
distributions to noncontrolling interest holders | ||||||||||||||||||||
payments of deferred purchase consideration for business combinations | 0 | |||||||||||||||||||
gross proceeds from issuance of convertible senior notes | 0 | |||||||||||||||||||
cash paid for issuance costs on convertible senior notes | 0 | |||||||||||||||||||
purchases of capped calls related to convertible senior notes | 0 | |||||||||||||||||||
net cash from financing activities | -361,986,000 | -134,039,000 | -564,057,000 | -120,118,000 | 1,017,639,000 | -490,546,000 | -633,498,000 | -88,631,000 | -459,652,000 | -82,162,000 | -223,658,000 | -40,084,000 | -18,321,000 | -22,373,000 | -11,846,000 | 35,527,000 | 50,408,000 | 24,463,000 | 67,800,000 | 22,278,000 |
effect of exchange rate changes on cash, cash equivalents, and restricted cash | 21,000 | -175,000 | 12,397,000 | -5,055,000 | 778,000 | 724,000 | -2,633,000 | 2,564,000 | -5,600,000 | 470,000 | 535,000 | 8,457,000 | -2,002,000 | -2,290,000 | -5,098,000 | -257,000 | -194,000 | |||
net increase in cash, cash equivalents, and restricted cash | 532,440,000 | 781,082,000 | 120,905,000 | 150,335,000 | 236,816,000 | 54,586,000 | -174,396,000 | |||||||||||||
cash, cash equivalents, and restricted cash—beginning of period | 0 | 0 | 2,698,678,000 | 0 | 0 | 0 | 1,780,977,000 | 0 | 0 | 0 | 956,731,000 | 0 | 0 | 0 | 1,102,534,000 | 0 | 0 | 0 | 835,193,000 | |
cash, cash equivalents, and restricted cash—end of period | 23,793,000 | -358,570,000 | 2,319,408,000 | 532,440,000 | 852,981,000 | -35,879,000 | 1,349,136,000 | 781,082,000 | 226,515,000 | 102,541,000 | 670,839,000 | 120,905,000 | -87,908,000 | -156,677,000 | 1,080,411,000 | 150,335,000 | 236,816,000 | 54,586,000 | 660,797,000 | |
supplemental disclosures of non-cash investing and financing activities: | ||||||||||||||||||||
property and equipment included in accounts payable and accrued expenses | -12,117,000 | 3,208,000 | 32,184,000 | 14,863,000 | 1,030,000 | 3,375,000 | 16,793,000 | 9,773,000 | 1,216,000 | -1,597,000 | 8,071,000 | 476,000 | 180,000 | 2,000,000 | 1,925,000 | -2,279,000 | 3,469,000 | 4,138,000 | ||
stock-based compensation included in capitalized software development costs | 11,940,000 | 7,846,000 | 9,295,000 | 10,951,000 | 12,608,000 | 12,903,000 | 11,719,000 | 8,172,000 | 7,515,000 | 4,697,000 | 5,865,000 | 6,848,000 | 6,210,000 | |||||||
unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities | -1,932,000 | 4,138,000 | 6,109,000 | 3,835,000 | -1,281,000 | -4,635,000 | 9,354,000 | 1,557,000 | -956,000 | 1,592,000 | 4,657,000 | 849,000 | ||||||||
reconciliation of cash, cash equivalents, and restricted cash: | ||||||||||||||||||||
cash and cash equivalents | 60,937,000 | -362,363,000 | 2,243,083,000 | 479,870,000 | 866,883,000 | -48,366,000 | 1,330,411,000 | 780,567,000 | 226,990,000 | 102,178,000 | 653,014,000 | 120,899,000 | -87,660,000 | 150,512,000 | 236,669,000 | 53,874,000 | 644,674,000 | -3,119,748,000 | ||
restricted cash—included in other assets and prepaid expenses and other current assets | -37,144,000 | 3,793,000 | 76,325,000 | 52,570,000 | -13,902,000 | 12,487,000 | 18,725,000 | 515,000 | -475,000 | 363,000 | 17,825,000 | 6,000 | -248,000 | |||||||
total cash, cash equivalents, and restricted cash | 23,793,000 | -358,570,000 | 2,319,408,000 | 532,440,000 | 852,981,000 | -35,879,000 | 1,349,136,000 | 781,082,000 | 226,515,000 | 102,541,000 | 670,839,000 | 120,905,000 | -87,908,000 | 150,335,000 | 236,816,000 | |||||
net decrease in cash, cash equivalents, and restricted cash | -358,570,000 | -379,270,000 | -35,879,000 | -431,841,000 | 102,541,000 | -285,892,000 | -156,677,000 | -22,123,000 | ||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||
capitalized internal-use software development costs | -6,005,000 | -10,032,000 | -5,992,000 | -7,404,000 | -7,029,000 | -9,889,000 | -7,874,000 | -9,341,000 | -6,693,000 | -5,779,000 | -6,736,000 | -4,804,000 | -4,160,000 | -3,788,000 | -2,344,000 | -2,480,000 | -1,279,000 | |||
payments of deferred purchase consideration for a business combination | -374,000 | |||||||||||||||||||
stock-based compensation included in capitalized internal-use software development costs | ||||||||||||||||||||
net amortization of premiums on investments | -12,299,000 | -16,234,000 | -17,661,000 | -15,331,000 | -8,834,000 | -545,000 | 4,678,000 | 8,198,000 | 11,064,000 | 11,587,000 | 12,332,000 | 13,019,000 | 7,513,000 | |||||||
cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired | -13,180,000 | -8,219,000 | 3,828,000 | -14,963,000 | -141,459,000 | -123,112,000 | ||||||||||||||
capital contributions from noncontrolling interest holders | 0 | |||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||
cash paid for income taxes | 570,000 | |||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities | ||||||||||||||||||||
issuance of common stock in connection with business combinations | ||||||||||||||||||||
net unrealized losses on strategic investments in equity securities | 1,790,000 | -5,309,000 | 2,414,000 | 1,339,000 | 13,064,000 | |||||||||||||||
issuance of common stock in connection with a business combination | 0 | 0 | ||||||||||||||||||
cash paid for business combinations, net of cash and cash equivalents acquired | -10,054,000 | |||||||||||||||||||
proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | 0 | |||||||||||||||||||
proceeds from initial public offering and private placements, net of underwriting discounts | 0 | |||||||||||||||||||
proceeds from early exercised stock options | 0 | |||||||||||||||||||
proceeds from repayments of a nonrecourse promissory note | 0 | |||||||||||||||||||
repurchases of early exercised stock options | ||||||||||||||||||||
vesting of early exercised stock options | ||||||||||||||||||||
purchases of intangible assets included in accrued expenses and other liabilities | ||||||||||||||||||||
changes in operating assets and liabilities, net of effects of a business combination: | ||||||||||||||||||||
cash paid for a business combination, net of cash and cash equivalents acquired | 0 | -177,925,000 | ||||||||||||||||||
net unrealized losses on strategic investments in marketable equity securities | 8,859,000 | |||||||||||||||||||
net unrealized gains on strategic investments in equity securities | ||||||||||||||||||||
changes in operating assets and liabilities, net of effect of business combinations: | ||||||||||||||||||||
repurchases of early exercised stock options and restricted common stock | 0 | |||||||||||||||||||
vesting of early exercised stock options and restricted common stock | 135,000 | 251,000 | ||||||||||||||||||
equity consideration in connection with a business combination | ||||||||||||||||||||
intangible assets included in accrued expenses and other liabilities | 0 | 0 | -495,000 | 5,039,000 | ||||||||||||||||
net change in unrealized gains or losses on available-for-sale debt securities | ||||||||||||||||||||
unrealized gains on strategic investments in equity securities | ||||||||||||||||||||
proceeds from issuance of common stock under the employee stock purchase plan | 25,829,000 | 0 | 26,398,000 | |||||||||||||||||
restricted cash – included in other assets and prepaid expenses and other current assets | 147,000 | 712,000 | 16,123,000 | 22,000 | ||||||||||||||||
unrealized gains on strategic investments in privately-held equity securities | ||||||||||||||||||||
payments of deferred offering costs | ||||||||||||||||||||
payment of deferred purchase consideration for a business combination | ||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 19,000 | |||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash: | ||||||||||||||||||||
total cash, cash equivalents and restricted cash | 660,797,000 | -3,119,726,000 | ||||||||||||||||||
changes in operating assets and liabilities, net of effect of acquisitions: | ||||||||||||||||||||
cash paid for acquisitions, net of cash acquired | 0 | |||||||||||||||||||
repurchases of common stock in connection with issuer tender offers | ||||||||||||||||||||
payments of deferred purchase consideration for acquisitions | 0 | |||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||
cash, cash equivalents and restricted cash—beginning of period | ||||||||||||||||||||
cash, cash equivalents and restricted cash—end of period | ||||||||||||||||||||
deferred purchase consideration for acquisitions | 0 | |||||||||||||||||||
equity consideration in connection with an acquisition |