Current Liabilities
Contract Liabilities
Snowflake Contract Liabilities increased by 77.7% to $25.66M in Q1 2026 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2026
Last reportedQ1 2027May 29, 2026
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
Metric ID:
contract_liabilitiesHistorical Data
2 periods
| Q4 '26 | Q1 '27 | |
|---|---|---|
| Value | $14.44M | $25.66M |
| QoQ Change | — | +77.7% |
Range$14.44M – $25.66M
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is Snowflake's contract liabilities?
- Snowflake (SNOW) reported contract liabilities of $25.66M in Q1 2026.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.