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  • Platform
    • Workloads
    • Platform Overview
    • Snowflake Data Marketplace
    • What is the Data Cloud
    Many Data Workloads, One Platform
    • Data Warehouse

      Accelerate your analytics with the data platform built to enable the modern cloud data warehouse

    • Data Lake

      Make your data secure, reliable, and easy to use in one place

    • Data Engineering

      Build simple, reliable data pipelines in the language of your choice

    • Data Science

      Accelerate your workflow with near-unlimited access to data and data processing power.

    • Data Applications

      Simplify developing data-intensive applications that scale cost-effectively, and consistently deliver fast analytics

    • Data Sharing

      Share and collaborate on live data across your business ecosystem

    A Modern Data Platform

    Find out what makes Snowflake unique thanks to an architecture and technology that enables today’s data-driven organizations.

    Learn More
    • Architecture
    • Security and Trust
    • Pricing
    What Makes Snowflake Data Marketplace Unique?

    Securely access live and governed data sets in real time, without the risk and hassle of copying and moving stale data.

    Learn More Watch Demo

    Best Practices in Privacy-Preserving Collaboration

    • June 27 at 10 a.m. PT: Retail and CPG
    • June 28 at 10 a.m. PT: Healthcare and Life Sciences
    • June 29 at 10 a.m. PT: Financial Services
    • June 30 at 10 a.m. PT: Advertising, Media, and Entertainment
    Data Cloud: Where Data Thrives

    Join the ecosystem where Snowflake customers securely share and consume shared data with each other, and with commercial data providers and data service providers.

    Learn More
    • Rise of the Data Cloud Podcast
    • Become a Member of the Data Cloud Academy
    Quick Links
    • 11 Best Practices for Data Engineers
    • Data Management and the Data Lake: Advantages of a Single Platform Approach
    • 5 Best Practices for Data Warehouse Development
    • A Cloud Data Platform for Data Science
    • How to build powerful data applications
    • Explore Snowflake Data Marketplace
    Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
    I want to…
    • Watch Snowday, Snowflake's Winter Product Announcement Event Today
    • Hear from Snowflake customers
    • Unite my enterprise with a modern cloud data platform
    • Download Cloud Data Platforms For Dummies
    • Use one cloud data platform for all my analytic needs
    • Learn about Snowflake pricing
    612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
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    • Access third-party and personalized data sets
    • List my data sets and services as a provider
    • Request new data sets and providers
    • Watch a tutorial video to get started
    Improve Marketing Analytics with Snowflake and iKnowlogy Learn More
    Watch Snowday, Snowflake's Winter Product Announcement Event Today
    Watch Now
    Snowflake Summit 2022 is all about The World of Data Collaboration. Come join us! Learn More
  • Solutions
    • Industry Solutions
    • Department Solutions
    • Financial Services

      Personalize customer experiences, improve efficiencies, and better mitigate risk

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      Provide highly personalized content and experiences to your consumers

    • Healthcare & Life Sciences

      Build a healthier future with virtually all of your data informing your every decision

    • Retail & CPG

      Deliver 360º, data-driven customer experiences

    • Technology

      Deliver insights, power innovation, and scale effortlessly

    • Public Sector

      Use data to power IT modernization, advance your mission, and improve citizen services

    • Education

      Leverage data to power educational excellence and drive collaboration

    • Manufacturing

      Power innovation through IoT and AI, maximize supply chain efficiency, and improve production quality with data

    How Snowflake Delivers to the Department

    Whether its marketing analytics, a security data lake, or another line of business, learn how you can easily store, access, unite, and analyze essentially all your data with Snowflake.

    • Marketing Analytics

      Gain 360° customer views, create relevant offers, and produce much higher marketing ROI

    • Security Data Lake

      Empower your cybersecurity and compliance teams with Snowflake.

    • Product Development

      Quickly create data-intensive applications without operational overhead

    • IT

      Drive agility, business transformation, and employee experience with the Data Cloud

    Quick Links
    • How retailers use data collaboration to support business outcomes
    • Hear from Snowflake customers in my industry
    • Little Book of Big Success - Financial Services
    • Learn how Snowflake supports Data Driven Healthcare
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    I want to...
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    • Learn about Snowflake pricing
    612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
  • Data Marketplace
    • For Consumers
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    Create New Data-Driven Business Insights

    Access third-party data to provide deeper insights to your organization, and get your own data from SaaS vendors you already work with, directly into your Snowflake account.

    Learn More

    Best Practices in Privacy-Preserving Collaboration

    • June 27 at 10 a.m. PT: Retail and CPG
    • June 28 at 10 a.m. PT: Healthcare and Life Sciences
    • June 29 at 10 a.m. PT: Financial Services
    • June 30 at 10 a.m. PT: Advertising, Media, and Entertainment
    The Modern Way to Share and Monetize Your Data

    Generate more revenue and increase your market presence by securely and instantly publishing live, governed, and read-only data sets to thousands of Snowflake customers.

    Learn More

    Best Practices in Privacy-Preserving Collaboration

    • June 27 at 10 a.m. PT: Retail and CPG
    • June 28 at 10 a.m. PT: Healthcare and Life Sciences
    • June 29 at 10 a.m. PT: Financial Services
    • June 30 at 10 a.m. PT: Advertising, Media, and Entertainment
    Quick Links
    • Request new data sets
    • Watch a tutorial video
    • Register for an upcoming hands-on lab
    Quick Links
    • Request to become a provider
    • Modern Data Monetization Strategies
    • Watch a tutorial video
  • Partners
    • Partner Overview
    • Technology Partners
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    • Data Providers
    • Powered by Snowflake
    Snowflake Partner Network

    If you’re moving data into Snowflake or extracting insight out of Snowflake, our technology partners and system integrators will help you deploy Snowflake for your success.

    Learn More
    Technology Partners

    Snowflake Technology Partners integrate their solutions with Snowflake, so our customers can easily get data into Snowflake and insights out of Snowflake by creating a single copy of data for their cloud data analytics strategy.

    Learn More
    Other Programs
    • Snowpark Accelerated
    • Snowflake Ready Technology Validation Program
    • Data Governance Accelerated
    Service Partners

    Snowflake Services Partners provide our customers with trusted and validated experts and services around implementation, migration, data architecture and data pipeline design, BI integration, ETL/ELT integration, performance, running POCs, performance optimization, and training.

    Learn More
    Cloud Partners

    Snowflake is available on AWS, Azure, and GCP in countries across North America, Europe, Asia Pacific, and Japan. Thanks to our global approach to cloud computing, customers can get a single and seamless experience with deep integrations with our cloud partners and their respective regions.

    Learn More
    Data Providers

    As a Snowflake customer, easily and securely access data from potentially thousands of data providers that comprise the ecosystem of the Data Cloud. Also engage data service providers to complete your data strategy and obtain the deepest, data-driven insights possible.

    LEARN MORE
    Powered by Snowflake

    Powered by Snowflake program is designed to help software companies and application developers build, operate, and grow their applications on Snowflake. The program offers technical advice, access to support engineers who specialize in app development, and joint go-to-market opportunities.

    Learn More
    Quick Links
    • Become a Partner
    • SPN Portal
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  • Services & Support
    • Professional Services
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    Snowflake Professional Services

    Work with Snowflake Professional Services to optimize, accelerate, and achieve your business goals with Snowflake.

    Learn More Contact Us
    Other Services
    • Education & Training
    • SnowPro Certification
    • Snowflake Community
    • Support
    Education & Training

    Find the training your team needs to be successful with Snowflake's Data Cloud.

    Learn More
    • Instructor-Led Training
    • On-Demand Training
    • SnowPro Certification
    Community

    Access an ecosystem of Snowflake users where you can ask questions, share knowledge, attend a local user group, exchange ideas, and meet data professionals like you.

    Learn More
    • Snowflake Community Login
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    Support

    Get the support you need, when you need it, so you can continue to leverage the Snowflake Data Cloud.

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    • Search for Answers
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    Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
  • Resources
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    • Rise of the Data Cloud Podcast
    See all
    • eBooks
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    • Join us for Snowflake Summit in Las Vegas, June 13-14
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    • Snowflake on Snowflake Series
    Snowflake Blog
    View Blog
    Snowflake for Developers

    Snowflake enables you to build data-intensive applications without operational burden. Trusted by fast growing software companies, Snowflake handles all the infrastructure complexity, so you can focus on innovating your own application.

    Learn More
    • BUILD: The Data Cloud Dev Summit | October 4-5
    • Developer Resources
    • Developer Guides
    • Virtual Hands-On Labs
    • Documentation
    • Stack Overflow

    Hear from data leaders to learn how they leverage the cloud to manage, share, and analyze data to drive business growth, fuel innovation, and disrupt their industries.

    VIEW ALL
    • Listen on Apple Podcasts
    • Listen on Spotify
    • Listen on Simplecast
    I want to...
    • Join a virtual hands-on lab
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    Weekly Demo Register Now
  • Company
    • About
    • Customers
    • Careers
    • Newsroom
    The Who of Snowflake

    Learn about the talent behind the technology. A diverse and driven group of business and technology experts are here for you and your organization.

    Read More
    • Investor Relations
    • Leadership & Board
    • Our Values
    • Speakers Bureau
    • Snowflake Ventures
    • ESG at Snowflake
    • Sustainability at Snowflake
    • Snowflake for Good
    Customers
    • Customer Stories
    • Data Drivers Awards
    • Customer Speaker Bureau
    Careers at Snowflake

    We challenge ourselves at Snowflake to rethink what’s possible for a cloud data platform and deliver on that. We’re looking for people who share that same passion and ambition.

    Current Openings
    Press and News

    See Snowflake press releases, Snowflake mentions in the press, and download brand assets.

    See the Latest
    Start for Free
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    Contact
    612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
    The Data Is In: The 2020 Snowflake Customer Experience Report Download Now
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Questions? Contact Us

  • English
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  • Workloads
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  • What is the Data Cloud
Many Data Workloads, One Platform
  • Data Warehouse
  • Data Lake
  • Data Engineering
  • Data Science
  • Data Applications
  • Data Sharing
Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
A Modern Data Platform

Find out what makes Snowflake unique thanks to an architecture and technology that enables today’s data-driven organizations.

Learn More
  • Architecture
  • Security and Trust
  • Pricing
612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
What Makes Snowflake Data Marketplace Unique?

Securely access live and governed data sets in real time, without the risk and hassle of copying and moving stale data.

Learn More Watch Demo
  • June 27 at 10 a.m. PT: Retail and CPG
  • June 28 at 10 a.m. PT: Healthcare and Life Sciences
  • June 29 at 10 a.m. PT: Financial Services
  • June 30 at 10 a.m. PT: Advertising, Media, and Entertainment
Improve Marketing Analytics with Snowflake and iKnowlogy Learn More
Data Cloud: Where Data Thrives

Join the ecosystem where Snowflake customers securely share and consume shared data with each other, and with commercial data providers and data service providers.

Learn More
  • Rise of the Data Cloud Podcast
  • Become a Member of the Data Cloud Academy
Snowflake Summit 2022 is all about The World of Data Collaboration. Come join us! Learn More
  • Industry Solutions
  • Department Solutions
  • Financial Services
  • Advertising, Media & Entertainment
  • Healthcare & Life Sciences
  • Retail & CPG
  • Technology
  • Public Sector
  • Education
  • Manufacturing
How Snowflake Delivers to the Department

Whether its marketing analytics, a security data lake, or another line of business, learn how you can easily store, access, unite, and analyze essentially all your data with Snowflake.

  • Marketing Analytics
  • Security Data Lake
  • Product Development
  • IT
612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
  • For Consumers
  • For Providers
Create New Data-Driven Business Insights

Access third-party data to provide deeper insights to your organization, and get your own data from SaaS vendors you already work with, directly into your Snowflake account.

Learn More
  • June 27 at 10 a.m. PT: Retail and CPG
  • June 28 at 10 a.m. PT: Healthcare and Life Sciences
  • June 29 at 10 a.m. PT: Financial Services
  • June 30 at 10 a.m. PT: Advertising, Media, and Entertainment
The Modern Way to Share and Monetize Your Data

Generate more revenue and increase your market presence by securely and instantly publishing live, governed, and read-only data sets to thousands of Snowflake customers.

Learn More
  • June 27 at 10 a.m. PT: Retail and CPG
  • June 28 at 10 a.m. PT: Healthcare and Life Sciences
  • June 29 at 10 a.m. PT: Financial Services
  • June 30 at 10 a.m. PT: Advertising, Media, and Entertainment
  • Partner Overview
  • Technology Partners
  • Services Partners
  • Cloud Partners
  • Data Providers
  • Powered by Snowflake
Snowflake Partner Network

If you’re moving data into Snowflake or extracting insight out of Snowflake, our technology partners and system integrators will help you deploy Snowflake for your success.

Learn More
Technology Partners

Snowflake Technology Partners integrate their solutions with Snowflake, so our customers can easily get data into Snowflake and insights out of Snowflake by creating a single copy of data for their cloud data analytics strategy.

Learn More
  • Snowpark Accelerated
  • Snowflake Ready Technology Validation Program
  • Data Governance Accelerated
Service Partners

Snowflake Services Partners provide our customers with trusted and validated experts and services around implementation, migration, data architecture and data pipeline design, BI integration, ETL/ELT integration, performance, running POCs, performance optimization, and training.

Learn More
Cloud Partners

Snowflake is available on AWS, Azure, and GCP in countries across North America, Europe, Asia Pacific, and Japan. Thanks to our global approach to cloud computing, customers can get a single and seamless experience with deep integrations with our cloud partners and their respective regions.

Learn More
Data Providers

As a Snowflake customer, easily and securely access data from potentially thousands of data providers that comprise the ecosystem of the Data Cloud. Also engage data service providers to complete your data strategy and obtain the deepest, data-driven insights possible.

LEARN MORE
Powered by Snowflake

Powered by Snowflake program is designed to help software companies and application developers build, operate, and grow their applications on Snowflake. The program offers technical advice, access to support engineers who specialize in app development, and joint go-to-market opportunities.

Learn More
  • Professional Services
  • Education & Training
  • Community
  • Support
Snowflake Professional Services

Work with Snowflake Professional Services to optimize, accelerate, and achieve your business goals with Snowflake.

Learn More Contact Us
  • Education & Training
  • SnowPro Certification
  • Snowflake Community
  • Support
Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
Education & Training

Find the training your team needs to be successful with Snowflake's Data Cloud.

Learn More
  • Instructor-Led Training
  • On-Demand Training
  • SnowPro Certification
Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
Community

Access an ecosystem of Snowflake users where you can ask questions, share knowledge, attend a local user group, exchange ideas, and meet data professionals like you.

Learn More
  • Snowflake Community Login
  • Community Blog
  • Data Heroes
  • Discussions
  • Stack Overflow
  • User Groups
Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
Support

Get the support you need, when you need it, so you can continue to leverage the Snowflake Data Cloud.

Learn More Submit a Case
  • Search for Answers
  • Documentation
  • System Status
  • Releases and Announcements
Calculate Your Estimated Benefits of Migrating to Snowflake Get Started
  • Resource Library
  • Events
  • Webinars
  • Snowflake Blog
  • Developers
  • Rise of the Data Cloud Podcast
See all
  • eBooks
  • Guides
  • Data Cloud Academy
  • Data Warehousing Glossary
  • Documentation
  • Patterns
  • Snowflake Community
Weekly Demo Register Now
Events
  • All Events
  • User Groups
  • Join us for Snowflake Summit in Las Vegas, June 13-14
Weekly Demo Register Now
Webinars
  • See All Webinars
  • Live Demo
  • Office Hours
  • Virtual Hands-On Labs
  • Snowflake on Snowflake Series
Weekly Demo Register Now
Snowflake Blog
View Blog
Weekly Demo Register Now
Snowflake for Developers

Snowflake enables you to build data-intensive applications without operational burden. Trusted by fast growing software companies, Snowflake handles all the infrastructure complexity, so you can focus on innovating your own application.

Learn More
  • BUILD: The Data Cloud Dev Summit | October 4-5
  • Developer Resources
  • Developer Guides
  • Virtual Hands-On Labs
  • Documentation
  • Stack Overflow
Weekly Demo Register Now

Hear from data leaders to learn how they leverage the cloud to manage, share, and analyze data to drive business growth, fuel innovation, and disrupt their industries.

VIEW ALL
  • Listen on Apple Podcasts
  • Listen on Spotify
  • Listen on Simplecast
Weekly Demo Register Now
  • About
  • Customers
  • Careers
  • Newsroom
The Who of Snowflake

Learn about the talent behind the technology. A diverse and driven group of business and technology experts are here for you and your organization.

Read More
  • Investor Relations
  • Leadership & Board
  • Our Values
  • Speakers Bureau
  • Snowflake Ventures
  • ESG at Snowflake
  • Sustainability at Snowflake
  • Snowflake for Good
612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
Customers
  • Customer Stories
  • Data Drivers Awards
  • Customer Speaker Bureau
The Data Is In: The 2020 Snowflake Customer Experience Report Download Now
Careers at Snowflake

We challenge ourselves at Snowflake to rethink what’s possible for a cloud data platform and deliver on that. We’re looking for people who share that same passion and ambition.

Current Openings
612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now
Press and News

See Snowflake press releases, Snowflake mentions in the press, and download brand assets.

See the Latest
612% ROI? Read Forrester’s Total Economic Impact™ Study of Snowflake Download Now

Snowflake Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2022

Mar 02, 2022

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  • Product revenue of $359.6 million in the fourth quarter, representing 102% year-over-year growth
  • Remaining performance obligations of $2.6 billion, representing 99% year-over-year growth
  • 5,944 total customers
  • Net revenue retention rate of 178%
  • 184 customers with trailing 12-month product revenue greater than $1 million

No-Headquarters/BOZEMAN, Mont.–(BUSINESS WIRE)–
Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its fourth quarter and full year of fiscal 2022, ended January 31, 2022.

Revenue for the quarter was $383.8 million, representing 101% year-over-year growth. Product revenue for the quarter was $359.6 million, representing 102% year-over-year growth. Remaining performance obligations were $2.6 billion, representing 99% year-over-year growth. Net revenue retention rate was 178% as of January 31, 2022. The company now has 5,944 total customers and 184 customers with trailing 12-month product revenue greater than $1 million. See the section titled “Key Business Metrics” for definitions of product revenue, remaining performance obligations, net revenue retention rate, total customers, and customers with trailing 12-month product revenue greater than $1 million.

“Snowflake finished fiscal 2022 with record-breaking consumption and bookings results, including triple-digit product revenue growth,” said Frank Slootman, Chairman and CEO, Snowflake. “Remaining performance obligations were $2.6 billion, representing year-on-year growth of 99%. Our net revenue retention rate reached 178% driven by continued growth from our largest customers.”

Fourth Quarter Fiscal 2022 GAAP and Non-GAAP Results:

The following table summarizes our financial results for the fourth quarter of fiscal 2022:

Fourth Quarter Fiscal 2022

GAAP Results

Fourth Quarter Fiscal 2022

Non-GAAP Results(1)

Amount

(millions)

Year/Year

Growth

Product revenue

$359.6

102%

Amount

(millions)

Margin

Amount

(millions)

Margin

Product gross profit

$257.2

72%

$269.6

75%

Operating income (loss)

($152.0)

(40%)

$18.1

5%

Net cash provided by operating activities

$78.9

Free cash flow

$70.7

18%

Adjusted free cash flow

$102.1

27%

(1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures, and the table titled “GAAP to Non-GAAP Reconciliations” for a reconciliation of GAAP to non-GAAP financial measures.

Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.

Full-Year Fiscal 2022 GAAP and Non-GAAP Results:

The following table summarizes our financial results for the full-year fiscal 2022:

Full-Year Fiscal 2022

GAAP Results

Full-Year Fiscal 2022

Non-GAAP Results(1)

Amount

(millions)

Year/Year

Growth

Product revenue

$1,140.5

106%

Amount

(millions)

Margin

Amount

(millions)

Margin

Product gross profit

$792.7

70%

$844.6

74%

Operating loss

($715.0)

(59%)

($31.2)

(3%)

Net cash provided by operating activities

$110.2

Free cash flow

$81.2

7%

Adjusted free cash flow

$149.8

12%

(1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures, and the table titled “GAAP to Non-GAAP Reconciliations” for a reconciliation of GAAP to non-GAAP financial measures.

Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.

Financial Outlook:

Our guidance includes GAAP and non-GAAP financial measures.

The following table summarizes our guidance for the first quarter of fiscal 2023:

First Quarter Fiscal 2023

GAAP Guidance

First Quarter Fiscal 2023

Non-GAAP Guidance(1)

Amount

(millions)

Year/Year

Growth

Product revenue

$383 – $388

79 – 81%

Margin

Operating loss

(2%)

Amount

(millions)

Weighted-average shares used in computing net income per share attributable to common stockholders – diluted(2)

359

(1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures.

(2) We may have a non-GAAP net income for the first quarter of fiscal 2023. As a result, we are presenting the weighted-average shares used in computing net income per share attributable to common stockholders – diluted in the non-GAAP column of the table above, giving effect to all dilutive securities (stock options, restricted stock units, and employee stock purchase rights under our 2020 Employee Stock Purchase Plan). These dilutive securities would be excluded from the weighted-average shares used in computing net loss per share attributable to common stockholders – diluted if we are in a non-GAAP net loss position.

The following table summarizes our guidance for the full-year fiscal 2023:

Full-Year Fiscal 2023

GAAP Guidance

Full-Year Fiscal 2023

Non-GAAP Guidance(1)

Amount

(millions)

Year/Year

Growth

Product revenue

$1,880 – $1,900

65 – 67%

Margin

Product gross profit

74.5%

Operating income

1%

Adjusted free cash flow

15%

Amount

(millions)

Weighted-average shares used in computing net income per share attributable to common stockholders – diluted(2)

360

(1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures.

(2) We may have a non-GAAP net income for full-year fiscal 2023. As a result, we are presenting the weighted-average shares used in computing net income per share attributable to common stockholders – diluted in the non-GAAP column of the table above, giving effect to all dilutive securities (stock options, restricted stock units, and employee stock purchase rights under our 2020 Employee Stock Purchase Plan). These dilutive securities would be excluded from the weighted-average shares used in computing net loss per share attributable to common stockholders – diluted if we are in a non-GAAP net loss position.

A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release. Our fiscal year ends January 31, and numbers are rounded for presentation purposes.

Conference Call Details

We will host a conference call today, beginning at 3 p.m. Mountain Time on March 2, 2022. Investors and participants can register for the call in advance by visiting https://conferencingportals.com/event/IHFzazQa. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry.

The call will also be webcast live on the Snowflake Investor Relations website.

An audio replay of the conference call and webcast will be available two hours after its completion and will be accessible for 30 days on the Snowflake Investor Relations website.

Investor Presentation Details

An investor presentation providing additional information and analysis can be found at https://investors.snowflake.com.

Statement Regarding Use of Non‑GAAP Financial Measures

We report the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

  • Product gross profit, Operating income (loss), and Net income (loss). Our non-GAAP product gross profit, operating income (loss), and net income (loss) measures exclude the effect of stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, amortization of acquired intangibles, expenses associated with acquisitions and strategic investments, and the related income tax effect of these adjustments. We believe the presentation of operating results that exclude these non-cash or non-recurring items provides useful supplemental information to investors and facilitates the analysis of our operating results and comparison of operating results across reporting periods.
  • Free cash flow and Adjusted free cash flow. Free cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions. Prior to the fiscal quarter ended April 30, 2021, adjusted free cash flow was defined as free cash flow plus cash paid on only employer payroll tax-related items on employee stock transactions. Starting with the fiscal quarter ended April 30, 2021, adjusted free cash flow is defined to also exclude the effects of employee payroll tax-related items on employee stock transactions, which are generally pass-through transactions that are expected to have a net zero impact on free cash flow over time, but that may impact free cash flow in any given fiscal quarter due to differences between the time that we receive funds from our employees and the time we remit those funds to applicable tax authorities. We believe that excluding the effects of these employee payroll tax-related items will enhance stockholders’ ability to evaluate our free cash flow performance, including on a quarter-over-quarter basis. The impact of excluding employee payroll tax-related items on employee stock transactions from our definition of adjusted free cash flow was not significant for any prior periods. As a result, we have not restated adjusted free cash flow measures for any periods prior to the quarter ended April 30, 2021. Free cash flow margin and adjusted free cash flow margin are calculated as free cash flow or adjusted free cash flow as a percentage of revenue. We believe these measures provide useful supplemental information to investors because they are indicators of the strength and performance of our core business operations.

We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP results.

Key Business Metrics

We monitor our key business metrics, including (i) free cash flow starting with the fiscal quarter ended January 31, 2022, and (ii) the other metrics set forth below to help us evaluate our business and growth trends, establish budgets, measure the effectiveness of our sales and marketing efforts, and assess operational efficiencies. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for the definition of free cash flow. The calculation of our key business metrics may differ from other similarly titled metrics used by other companies, securities analysts, or investors.

  • Product Revenue. Product revenue is a key metric for us because we recognize revenue based on platform consumption, which is inherently variable at our customers’ discretion, and not based on the amount and duration of contract terms. Product revenue is primarily derived from the consumption of compute, storage, and data transfer resources, which are consumed by customers on our platform as a single, integrated offering. Customers have the flexibility to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally upon the purchase of additional capacity at renewal. Our consumption-based business model distinguishes us from subscription-based software companies that generally recognize revenue ratably over the contract term and may not permit rollover. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from our platform. Product revenue excludes our professional services and other revenue.
  • Remaining Performance Obligations. Remaining performance obligations (RPO) represent the amount of contracted future revenue that has not yet been recognized, including (i) deferred revenue, and (ii) non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. RPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears. Portions of RPO that are not yet invoiced and are denominated in foreign currencies are revalued into USD each period based on the applicable period-end exchange rates. RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity. Moreover, RPO is influenced by a number of factors, including the timing of renewals, the timing of purchases of additional capacity, average contract terms, seasonality, and the extent to which customers are permitted to roll over unused capacity to future periods, generally upon the purchase of additional capacity at renewal.
  • Total Customers. We count the total number of customers at the end of each period. For purposes of determining our customer count, we treat each customer account, including accounts for end-customers under a reseller arrangement, that has at least one corresponding capacity contract as a unique customer, and a single organization with multiple divisions, segments, or subsidiaries may be counted as multiple customers. For purposes of determining our customer count, we do not include customers that consume our platform only under on-demand arrangements. Our customer count is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity.
  • Net Revenue Retention Rate. To calculate net revenue retention rate, we first specify a measurement period consisting of the trailing two years from our current period end. Next, we define as our measurement cohort the population of customers under capacity contracts that used our platform at any point in the first month of the first year of the measurement period. Starting with the fiscal quarter ended October 31, 2021, the cohorts used to calculate net revenue retention rate include end-customers under a reseller arrangement. We then calculate our net revenue retention rate as the quotient obtained by dividing our product revenue from this cohort in the second year of the measurement period by our product revenue from this cohort in the first year of the measurement period. Any customer in the cohort that did not use our platform in the second year remains in the calculation and contributes zero product revenue in the second year. Our net revenue retention rate is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity. Since we will continue to attribute the historical product revenue to the consolidated contract, consolidation of capacity contracts within a customer’s organization typically will not impact our net revenue retention rate unless one of those customers was not a customer at any point in the first month of the first year of the measurement period.
  • Customers with Trailing 12-Month Product Revenue Greater than $1 Million. To calculate the number of customers with trailing 12-month product revenue greater than $1 million, we count the number of customers under capacity arrangements that contributed more than $1 million in product revenue in the trailing 12 months. Our customer count is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity.

Use of Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding our performance, including but not limited to statements in the section titled “Financial Outlook.” The forward-looking statements contained in this release and the accompanying oral presentation are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to, those related to our business and financial performance, the effects of COVID-19 or other public health crises on our business, results of operations, and financial condition, the effects of the recent and developing armed conflict in Ukraine on our business, results of operations, and financial condition, our ability to attract and retain customers, our ability to develop new products and services and enhance existing products and services, our ability to respond rapidly to emerging technology trends, our ability to execute on our business strategy, including our strategy related to the Data Cloud, our ability to increase and predict customer consumption of our platform, our ability to compete effectively, and our ability to manage growth.

Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in our Form 10-Q for the fiscal quarter ended October 31, 2021 and other filings and reports we make with the Securities and Exchange Commission from time to time, including our Form 10-K that will be filed for the fiscal year ended January 31, 2022.

Moreover, we operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Except as required by law, we undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

About Snowflake

Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 241 of the 2021 Fortune 500 and 488 of the 2021 Forbes Global 2000 (G2K) as of January 31, 2022, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.

Source: Snowflake Inc.

Snowflake Inc.

Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)

(unaudited)

Three Months Ended January 31,

Twelve Months Ended January 31,

2022

2021

2022

2021

Revenue

$

383,774

$

190,465

$

1,219,327

$

592,049

Cost of revenue

134,180

82,904

458,433

242,588

Gross profit

249,594

107,561

760,894

349,461

Operating expenses:

Sales and marketing

203,287

154,050

743,965

479,317

Research and development

123,149

93,997

466,932

237,946

General and administrative

75,187

59,911

265,033

176,135

Total operating expenses

401,623

307,958

1,475,930

893,398

Operating loss

(152,029

)

(200,397

)

(715,036

)

(543,937

)

Interest income

2,342

1,853

9,129

7,507

Other income (expense), net

19,080

951

28,947

(610

)

Loss before income taxes

(130,607

)

(197,593

)

(676,960

)

(537,040

)

Provision for income taxes

1,546

1,342

2,988

2,062

Net loss

$

(132,153

)

$

(198,935

)

$

(679,948

)

$

(539,102

)

Net loss per share attributable to common stockholders – basic and diluted

$

(0.43

)

$

(0.70

)

$

(2.26

)

$

(3.81

)

Weighted-average shares used in computing net loss per share attributable to common stockholders – basic and diluted

308,693,468

284,121,777

300,273,227

141,613,196

Snowflake Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

January 31, 2022

January 31, 2021
Assets

Current assets:

Cash and cash equivalents

$

1,085,729

$

820,177

Short-term investments

2,766,364

3,087,887

Accounts receivable, net

545,629

294,017

Deferred commissions, current

51,398

32,371

Prepaid expenses and other current assets

149,523

66,200

Total current assets

4,598,643

4,300,652

Long-term investments

1,256,207

1,165,275

Property and equipment, net

105,079

68,968

Operating lease right-of-use assets

190,356

186,818

Goodwill

8,449

8,449

Intangible assets, net

37,141

16,091

Deferred commissions, non-current

124,517

86,164

Other assets

329,306

89,322

Total assets

$

6,649,698

$

5,921,739

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

13,441

$

5,647

Accrued expenses and other current liabilities

200,664

125,315

Operating lease liabilities, current

25,101

19,650

Deferred revenue, current

1,157,887

638,652

Total current liabilities

1,397,093

789,264

Operating lease liabilities, non-current

181,196

184,887

Deferred revenue, non-current

11,180

4,194

Other liabilities

11,184

6,923

Stockholders’ equity

5,049,045

4,936,471

Total liabilities and stockholders’ equity

$

6,649,698

$

5,921,739

Snowflake Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

Three Months Ended January 31,

Twelve Months Ended January 31,

2022

2021

2022

2021
Cash flows from operating activities:

Net loss

$

(132,153

)

$

(198,935

)

$

(679,948

)

$

(539,102

)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

Depreciation and amortization

5,912

3,215

21,498

9,826

Non-cash operating lease costs

9,658

8,635

35,553

33,475

Amortization of deferred commissions

11,052

7,608

37,876

28,841

Stock-based compensation, net of amounts capitalized

145,703

143,651

605,095

301,441

Net amortization of premiums on investments

11,064

7,513

48,002

8,630

Net unrealized gains on strategic investments in equity securities

(19,106

)

—

(27,621

)

—

Other

(1,238

)

507

1,297

4,580

Changes in operating assets and liabilities, net of effect of business combinations:

Accounts receivable

(290,794

)

(125,510

)

(251,652

)

(116,289

)

Deferred commissions

(42,985

)

(24,183

)

(95,877

)

(51,444

)

Prepaid expenses and other assets

(46,361

)

(32,869

)

(159,159

)

(62,349

)

Accounts payable

2,780

928

7,371

(2,878

)

Accrued expenses and other liabilities

36,666

35,775

79,772

58,252

Operating lease liabilities

(13,491

)

(7,863

)

(38,249

)

(31,281

)

Deferred revenue

402,191

201,142

526,221

312,881

Net cash provided by (used in) operating activities

78,898

19,614

110,179

(45,417

)

Cash flows from investing activities:

Purchases of property and equipment

(4,012

)

(11,019

)

(16,221

)

(35,037

)

Capitalized internal-use software development costs

(4,160

)

(1,279

)

(12,772

)

(5,293

)

Cash paid for business combinations, net of cash acquired

—

—

—

(6,035

)

Purchases of intangible assets

(13,152

)

(2,190

)

(24,334

)

(8,374

)

Purchases of investments

(1,207,942

)

(3,624,832

)

(4,250,338

)

(4,859,852

)

Sales of investments

33,066

148,365

440,069

177,070

Maturities and redemptions of investments

1,232,367

329,348

3,842,796

700,876

Net cash provided by (used in) investing activities

36,167

(3,161,607

)

(20,800

)

(4,036,645

)

Cash flows from financing activities:

Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs

—

—

—

478,573

Proceeds from initial public offering and private placements, net of underwriting discounts

—

—

—

4,242,284

Proceeds from early exercised stock options

—

—

—

159

Proceeds from exercise of stock options

36,592

22,278

127,036

53,378

Proceeds from issuance of common stock under employee stock purchase plan

—

—

52,227

—

Proceeds from repayments of a nonrecourse promissory note

—

—

—

2,090

Repurchases of early exercised stock options

—

—

—

(30

)

Payments of deferred purchase consideration for business combinations

(1,065

)

—

(1,065

)

(1,164

)

Net cash provided by financing activities

35,527

22,278

178,198

4,775,290

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(257

)

(11

)

(236

)

(11

)

Net increase (decrease) in cash, cash equivalents, and restricted cash

150,335

(3,119,726

)

267,341

693,217

Cash, cash equivalents, and restricted cash—beginning of period

952,199

3,954,919

835,193

141,976

Cash, cash equivalents, and restricted cash—end of period

$

1,102,534

$

835,193

$

1,102,534

$

835,193

Snowflake Inc.

GAAP to Non-GAAP Reconciliations

(in thousands, except percentages)

(unaudited)

Three Months Ended January 31, 2022

GAAP

amounts

GAAP

amounts as a

% of revenue

Stock-based

compensation-

related

charges(1)

Amortization

of acquired

intangibles

Expenses

associated

with

acquisitions

and strategic

investments

Non-GAAP

amounts

Non-GAAP

amounts as a

% of revenue

Revenue:

Product revenue

$

359,558

94 %

Professional services and other revenue

24,216

6 %

Revenue

383,774

100 %

Year-over-year growth

101 %

Cost of revenue:

Cost of product revenue

102,397

27 %

$

(11,892

)

$

(566

)

$

—

$

89,939

23 %

Cost of professional services and other revenue

31,783

8 %

(10,529

)

—

—

21,254

6 %

Total cost of revenue

134,180

35 %

(22,421

)

(566

)

—

111,193

29 %

Gross profit (loss):

Product gross profit

257,161

11,892

566

—

269,619

Professional services and other gross profit (loss)

(7,567

)

10,529

—

—

2,962

Total gross profit

249,594

65 %

22,421

566

—

272,581

71 %
Product gross margin

72 %

3 %

— %

— %

75 %

Professional services and other gross margin

(31 %)

43 %

— %

— %

12 %

Total gross margin

65 %

6 %

— %

— %

71 %

Operating expenses:

Sales and marketing

203,287

53 %

(49,791

)

—

—

153,496

39 %

Research and development

123,149

32 %

(61,686

)

(1,200

)

—

60,263

16 %

General and administrative

75,187

20 %

(33,868

)

(412

)

(143

)

40,764

11 %

Total operating expenses

401,623

105 %

(145,345

)

(1,612

)

(143

)

254,523

66 %

Operating income (loss)

$

(152,029

)

(40 %)

$

167,766

$

2,178

$

143

$

18,058

5 %
Operating margin

(40 %)

44 %

1 %

— %

5 %

(1) Stock-based compensation-related charges included approximately $21.7 million of employer payroll tax-related expenses on employee stock transactions.
Three Months Ended January 31, 2021

GAAP

amounts

GAAP

amounts as a

% of revenue

Stock-based

compensation-

related

charges(1)

Amortization

of acquired

intangibles

Expenses

associated

with

acquisitions

and strategic

investments

Non-GAAP

amounts

Non-GAAP

amounts as a

% of revenue

Revenue:

Product revenue

$

178,288

94 %

Professional services and other revenue

12,177

6 %

Revenue

190,465

100 %

Year-over-year growth

117 %

Cost of revenue:

Cost of product revenue

63,770

33 %

$

(10,171

)

$

(566

)

$

—

$

53,033

28 %

Cost of professional services and other revenue

19,134

11 %

(8,702

)

—

—

10,432

5 %

Total cost of revenue

82,904

44 %

(18,873

)

(566

)

—

63,465

33 %

Gross profit (loss):

Product gross profit

114,518

10,171

566

—

125,255

Professional services and other gross profit (loss)

(6,957

)

8,702

—

—

1,745

Total gross profit

107,561

56 %

18,873

566

—

127,000

67 %
Product gross margin

64 %

6 %

— %

— %

70 %

Professional services and other gross margin

(57 %)

71 %

— %

— %

14 %

Total gross margin

56 %

11 %

— %

— %

67 %

Operating expenses:

Sales and marketing

154,050

81 %

(52,438

)

—

—

101,612

54 %

Research and development

93,997

49 %

(53,440

)

—

—

40,557

21 %

General and administrative

59,911

31 %

(28,713

)

(352

)

(44

)

30,802

16 %

Total operating expenses

307,958

161 %

(134,591

)

(352

)

(44

)

172,971

91 %

Operating loss

$

(200,397

)

(105 %)

$

153,464

$

918

$

44

$

(45,971

)

(24 %)
Operating margin

(105 %)

81 %

— %

— %

(24 %)

(1) Stock-based compensation-related charges included approximately $9.6 million of employer payroll tax-related expenses on employee stock transactions.
Twelve Months Ended January 31, 2022

GAAP

amounts

GAAP

amounts as a

% of revenue

Stock-based

compensation-

related

charges(1)

Amortization

of acquired

intangibles

Expenses

associated

with

acquisitions

and strategic

investments

Non-GAAP

amounts

Non-GAAP

amounts as a

% of revenue

Revenue:

Product revenue

$

1,140,469

94 %

Professional services and other revenue

78,858

6 %

Revenue

1,219,327

100 %

Year-over-year growth

106 %

Cost of revenue:

Cost of product revenue

347,817

29 %

$

(49,705

)

$

(2,266

)

$

—

$

295,846

24 %

Cost of professional services and other revenue

110,616

9 %

(42,470

)

—

—

68,146

6 %

Total cost of revenue

458,433

38 %

(92,175

)

(2,266

)

—

363,992

30 %

Gross profit (loss):

Product gross profit

792,652

49,705

2,266

—

844,623

Professional services and other gross profit (loss)

(31,758

)

42,470

—

—

10,712

Total gross profit

760,894

62 %

92,175

2,266

—

855,335

70 %
Product gross margin

70 %

4 %

— %

— %

74 %

Professional services and other gross margin

(40 %)

54 %

— %

— %

14 %

Total gross margin

62 %

8 %

— %

— %

70 %

Operating expenses:

Sales and marketing

743,965

61 %

(215,760

)

—

—

528,205

43 %

Research and development

466,932

38 %

(248,032

)

(3,941

)

—

214,959

18 %

General and administrative

265,033

22 %

(119,492

)

(1,621

)

(574

)

143,346

12 %

Total operating expenses

1,475,930

121 %

(583,284

)

(5,562

)

(574

)

886,510

73 %

Operating loss

$

(715,036

)

(59 %)

$

675,459

$

7,828

$

574

$

(31,175

)

(3 %)
Operating margin

(59 %)

55 %

1 %

— %

(3 %)

(1) Stock-based compensation-related charges included approximately $69.1 million of employer payroll tax-related expenses on employee stock transactions.
Twelve Months Ended January 31, 2021

GAAP

amounts

GAAP

amounts as a

% of revenue

Stock-based

compensation-

related

charges(1)

Amortization

of acquired

intangibles

Expenses

associated

with

acquisitions

and strategic

investments

Non-GAAP

amounts

Non-GAAP

amounts as a

% of revenue

Revenue:

Product revenue

$

553,794

94 %

Professional services and other revenue

38,255

6 %

Revenue

592,049

100 %

Year-over-year growth

124 %

Cost of revenue:

Cost of product revenue

193,835

33 %

$

(18,724

)

$

(1,696

)

$

—

$

173,415

29 %

Cost of professional services and other revenue

48,753

8 %

(16,104

)

—

—

32,649

6 %

Total cost of revenue

242,588

41 %

(34,828

)

(1,696

)

—

206,064

35 %

Gross profit (loss):

Product gross profit

359,959

18,724

1,696

—

380,379

Professional services and other gross profit (loss)

(10,498

)

16,104

—

—

5,606

Total gross profit

349,461

59 %

34,828

1,696

—

385,985

65 %
Product gross margin

65 %

4 %

— %

— %

69 %

Professional services and other gross margin

(27 %)

42 %

— %

— %

15 %

Total gross margin

59 %

6 %

— %

— %

65 %

Operating expenses:

Sales and marketing

479,317

81 %

(104,537

)

(12

)

—

374,768

63 %

Research and development

237,946

40 %

(103,954

)

—

—

133,992

23 %

General and administrative

176,135

30 %

(72,647

)

(1,069

)

(296

)

102,123

17 %

Total operating expenses

893,398

151 %

(281,138

)

(1,081

)

(296

)

610,883

103 %

Operating loss

$

(543,937

)

(92 %)

$

315,966

$

2,777

$

296

$

(224,898

)

(38 %)
Operating margin

(92 %)

54 %

— %

— %

(38 %)

(1) Stock-based compensation-related charges included approximately $14.2 million of employer payroll tax-related expenses on employee stock transactions.
Three Months Ended January 31,

Twelve Months Ended January 31,

2022

2021

2022

2021

Revenue

$

383,774

$

190,465

$

1,219,327

$

592,049

GAAP net cash provided by (used in) operating activities

$

78,898

$

19,614

$

110,179

$

(45,417

)

Less: purchases of property and equipment

(4,012

)

(11,019

)

(16,221

)

(35,037

)

Less: capitalized internal-use software development costs

(4,160

)

(1,279

)

(12,772

)

(5,293

)

Non-GAAP free cash flow

70,726

7,316

81,186

(85,747

)

Add: net cash paid on payroll tax-related items on employee stock transactions

31,378

9,940

68,645

14,136

Non-GAAP adjusted free cash flow

$

102,104

$

17,256

$

149,831

$

(71,611

)

Non-GAAP free cash flow margin

18 %

4 %

7 %

(14 %)
Non-GAAP adjusted free cash flow margin

27 %

9 %

12 %

(12 %)

 

Contacts

Investor Contact

Jimmy Sexton

[email protected]

Press Contact

Eszter Szikora

[email protected]

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