What is Snowflake's contract liabilities?

Snowflake (SNOW) reported contract liabilities of $25.66M in Q1 2026.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Snowflake SNOW Contract Liabilities

Contract Liabilities at other companies

MicrosoftMSFT

$2.75B-3.1%

TeradataTDC

$12M+9.1%

MongoDBMDB

$91.24M+275%

ElasticESTC

$52.5M+4.3%

NetAppNTAP

$2.53B+11.9%

Akamai TechnologiesAKAM

$19.93M-13.1%

Other financials

Income statement

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Revenue$1.4B+33.5%

Gross profit$926.5M+33.6%

Operating income-$326.2M+27.1%

Net income-$295.6M+31.3%

EPS (diluted)-$0.86+33.3%

Balance sheet

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Cash & equivalents$2.1B-8.2%

Total debt$490.2M+18.4%

Total equity$1.9B-19.4%

Total assets$8.6B+4.9%

Cash flow

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Operating cash flow$243.2M+6.5%

CapEx$10.5M-76.8%

Free cash flow$232.8M+26.9%

Valuation

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Market cap$79.86B-11.0%

Enterprise value$77.49B-10.9%

P/S17.1×-8.1×

Profitability

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Gross margin67.1%+0.8pp

Operating margin-26.1%-6.8pp

Net margin-23.8%-6.1pp

FCF margin23.2%+3.5pp

Returns & leverage

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Return on equity-55.1%+32.5pp

Debt / equity0.3×+0.1×

Current ratio1.1×-0.5×

Where this comes from

Reported directly by Snowflake in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Snowflake’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Snowflake's contract liabilities?: Snowflake (SNOW) reported contract liabilities of $25.66M in Q1 2026.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.