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Snowflake SNOW Product revenue — Revenue

Other product segments

Professional services and other revenue
$56.62M+25.1%

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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$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

Reported directly by Snowflake in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 product revenue — revenue?
Snowflake (SNOW) reported product revenue — revenue of $1.33B in Q1 2026.
How has Snowflake's product revenue — revenue changed year-over-year?
Snowflake's product revenue — revenue increased by 33.9% year-over-year, from $996.81M to $1.33B.
What is the long-term trend for Snowflake's product revenue — revenue?
Over 4 years (2022 to 2026), Snowflake's product revenue — revenue has grown at a 40.7% compound annual growth rate (CAGR), from $1.14B to $4.47B.
What does product revenue — revenue mean?
This metric represents the total income generated from the sale of cloud-based data platform services, including data storage, compute, and data sharing capabilities. It serves as the primary indicator of the company's core business growth and market adoption of its data cloud architecture. This revenue stream is typically recognized based on consumption-based usage models.