What is Snowflake's gross profit?

Snowflake (SNOW) reported gross profit of $926.45M in Q1 2026.

How has Snowflake's gross profit changed year-over-year?

Snowflake's gross profit increased by 33.6% year-over-year, from $693.29M to $926.45M.

What is the long-term trend for Snowflake's gross profit?

Over 4 years (2022 to 2026), Snowflake's gross profit has grown at a 42.6% compound annual growth rate (CAGR), from $760.89M to $3.15B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Snowflake SNOW Gross Profit

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Other financials

Income statement

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Revenue$1.4B+33.5%

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$78.7B+11.3%

Enterprise value$77.06B+12.0%

P/S15.6×-2.8×

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

Calculated from Snowflake’s reported figures.

$1.4Btotal revenue−$464.5Mtotal cost of revenue=$926.45M

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 gross profit?: Snowflake (SNOW) reported gross profit of $926.45M in Q1 2026.
How has Snowflake's gross profit changed year-over-year?: Snowflake's gross profit increased by 33.6% year-over-year, from $693.29M to $926.45M.
What is the long-term trend for Snowflake's gross profit?: Over 4 years (2022 to 2026), Snowflake's gross profit has grown at a 42.6% compound annual growth rate (CAGR), from $760.89M to $3.15B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.