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Snowflake SNOW Professional services and other revenue — Cost of revenue

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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:CostOfGoodsAndServicesSold.

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 professional services and other revenue — cost of revenue?
Snowflake (SNOW) reported professional services and other revenue — cost of revenue of $77.63M in Q1 2026.
How has Snowflake's professional services and other revenue — cost of revenue changed year-over-year?
Snowflake's professional services and other revenue — cost of revenue increased by 22.2% year-over-year, from $63.51M to $77.63M.
What is the long-term trend for Snowflake's professional services and other revenue — cost of revenue?
Over 3 years (2023 to 2026), Snowflake's professional services and other revenue — cost of revenue has grown at a 17.7% compound annual growth rate (CAGR), from $169.99M to $277.48M.
What does professional services and other revenue — cost of revenue mean?
This metric captures the direct costs associated with delivering professional services, including personnel expenses for consultants, third-party contractors, and travel-related costs. It measures the operational efficiency of the services organization in supporting customer onboarding and platform integration. High costs relative to service revenue may indicate inefficiencies in delivery or a strategic investment in customer success.