Income StatementBalance SheetCash FlowSegments
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Snowflake Cash Flow Statement

Operating, investing, and financing cash movements

Snowflake generated $1.2B in operating cash flow over the trailing twelve months. After $101.6M in capital expenditures, free cash flow was $1.1B. Free cash flow increased 0.2% year-over-year. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)$1.2BNet Cash From Investing (TTM)$312.2MNet Cash From Financing (TTM)-$1.4BCapital Expenditures (TTM)$101.6MDepreciation And Amortization Cf (TTM)$220.4MNet Change In Cash (TTM)$165.6M
Latest FilingQ4 2025
Report Date2026-03-20
Market Cap$52.5B
ROE-54.09%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$8.2M$13.2M$44.7M$44.7M$44.7M$44.7M
Capital expenditures$13.4M$11.3M$45.0M$16.7M$23.9M$16.1M
Payments for Hedge, Investing Activities$0.0$0.0$0.0$0.0$0.0$0.0
Payments to Acquire Intangible Assets$0.0$0.0$775.3K$775.3K$775.3K$775.3K
Payments to Develop Software$10.0M$6.0M$0.0$0.0$0.0$0.0
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$765.2M$525.4M$984.2M$517.9M$612.8M$500.1M
Sales of investments$13.6M$10.2M$17.4M$1.5M$522.0K$1.8M
Net cash from investing activities-$267.1M$224.9M-$56.0M-$299.3M$248.2M$419.2M
Purchases of investments$1.0B$280.3M$1.0B$636.5M$341.2M$50.2M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$1.0M$14.9M$32.2M$3.2M-$12.1M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from convertible debt$575.0M$575.0M$0.0$0.0$0.0$0.0
Purchases of capped calls related to convertible senior notes$48.9M$48.9M$0.0$0.0$0.0$0.0
Payments For Deferred Consideration Related To Business Combinations$0.0$250.0K$374.0K$226.0K$0.0$1.3M
Payments Of Debt Issuance Costs$7.8M$7.8M$0.0$0.0$0.0$0.0
Payments to Noncontrolling Interests$0.0$0.0$2.3M$2.3M$2.3M$2.3M
Proceeds from issuance of common stock relating to employee stock plans$30.3M$0.0$53.2M$0.0$34.9M$0.0
Net cash from financing activities$1.0B-$120.1M-$564.1M-$134.0M-$362.0M-$325.3M
Proceeds from issuance of common stock$11.5M$9.7M$6.3M$28.2M$28.8M$20.8M
Repurchases of common stock$1.0B$0.0$490.6M$0.0$232.9M$150.0M
Taxes paid for net share settlement$81.5M$129.5M$132.5M$162.0M$190.7M$187.6M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$11.3M$6.1M-$4.4M$11.8M$28.9M-$44.6M
Change in accounts receivable$163.5M—-$393.7M$117.6M$288.7M$367.3M
Change in deferred revenue$122.8M$609.4M-$271.4M-$52.5M$151.5M$927.6M
Deferred income taxes-$581.0K-$7.1M-$584.3K-$584.3K-$584.3K-$584.3K
Depreciation and amortization$47.0M$50.1M$48.8M$54.8M$57.9M$58.9M
Net cash from operating activities$101.7M$432.7M$228.4M$74.9M$137.5M$781.2M
Net income-$327.9M-$325.7M-$430.0M-$297.9M-$291.6M-$309.6M
Accretion (Amortization) of Discounts and Premiums, Investments$9.1M$9.6M$7.7M$5.7M$5.1M$3.3M
Amortization of deferred commissions$23.2M$24.3M$25.8M$33.2M$36.5M$45.0M
Amortization expense related to capitalized debt issuance costs——$2.1M$2.1M$2.1M$2.1M
Asset write-downs$0.0$0.0$106.5M$2.1M$96.0K$0.0
Equity Securities, FV-NI, Gain (Loss)-$8.6M—-$29.7M-$5.6M-$255.0K-$24.4M
Accrued expenses and other liabilities$34.1M$32.2M$3.9M$93.3M$120.6M$175.5M
Increase (Decrease) In Capitalized Contract Cost$26.0M$38.8M$31.1M$53.8M$96.8M$123.4M
Operating lease liabilities-$9.1M-$13.4M-$11.8M-$14.6M-$16.0M—
Increase (Decrease) in Prepaid Expense and Other Assets-$9.1M—$17.9M$4.5M-$19.8M$42.0M
Non-cash restructuring charges (recoveries), net$347.8K$347.8K-$2.8M-$2.8M-$2.8M-$2.8M
Non-cash operating lease costs$14.8M$17.6M$17.8M$16.2M$15.8M$16.7M
Other Noncash Income (Expense)-$3.0M-$2.5M$5.2M-$1.7M-$1.2M—
Stock-based compensation$363.3M$428.1M$379.5M$404.2M$412.3M$403.6M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$88.3M$421.4M$183.4M$58.2M$113.6M$765.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash$778.0K-$5.1M$12.4M-$175.0K$21.0K$4.6M
Net increase (decrease) in cash$853.0M$532.4M-$379.3M-$358.6M$23.8M$879.7M
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities-$1.3M$3.8M$6.1M$4.1M-$1.9M—
Stock-based compensation included in capitalized software development costs$11.9M$9.4M$0.0$0.0$0.0$0.0