Loading...
Docoh

Snowflake (SNOW)

Snowflake Inc. is a cloud computing-based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports.

Company profile

Ticker
SNOW, 0A93
Exchange
CEO
Frank Slootman
Employees
Incorporated
Location
Fiscal year end
Former names
Snowflake Computing, Inc.
SEC CIK
Subsidiaries
Snowflake Holdings LLC • Snowflake Investment Holdings, Inc. • Solar Merger Sub I Inc. • Solar Merger Sub II LLC • Snowflake Computing Pty Ltd. • Snowflake Computing Canada Inc. • Snowflake Computing France SAS • Snowflake Computing GmbH • SNFL Cloudtech India Pvt. Ltd. • Snowflake Computing Ireland Limited ...
IRS number
460636374

SNOW stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

1 Sep 22
1 Oct 22
31 Jan 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Jan 22 Jan 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 923.73M 923.73M 923.73M 923.73M 923.73M 923.73M
Cash burn (monthly) 52.23M (no burn) 72.99M 60.06M (no burn) (no burn)
Cash used (since last report) 105.71M n/a 147.73M 121.57M n/a n/a
Cash remaining 818.02M n/a 776M 802.16M n/a n/a
Runway (months of cash) 15.7 n/a 10.6 13.4 n/a n/a

Beta Read what these cash burn values mean

My notes
No notes yet
My annotations
No annotations yet

Community content

Community notes
No notes yet
Community annotations
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Acquire J Yes No 0 6,281 0 334,324
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Acquire J Yes No 0 231,085 0 418,318
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Acquire J Yes No 0 1,258,665 0 2,706,361
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Dispose J Yes No 0 133,862 0 777,043
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Dispose J Yes No 0 40,942 0 327,540
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Dispose J Yes No 0 440,498 0 3,523,982
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Dispose J Yes No 0 5,350 0 0
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Dispose J Yes No 0 343,089 0 0
9 Sep 22 Eschenbach Carl M. Class A Common Stock Other Dispose J Yes No 0 821,432 0 6,571,456
9 Sep 22 Benoit Dageville Class A Common Stock Sell Dispose S No Yes 181.11 724 131.12K 15,512
76.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 844 870 -3.0%
Opened positions 144 142 +1.4%
Closed positions 170 192 -11.5%
Increased positions 368 363 +1.4%
Reduced positions 204 245 -16.7%
13F shares Current Prev Q Change
Total value 36.06B 52.16B -30.9%
Total shares 243.08M 246.16M -1.3%
Total puts 6.59M 7.64M -13.7%
Total calls 8.43M 7.49M +12.6%
Total put/call ratio 0.8 1.0 -23.3%
Largest owners Shares Value Change
ICONIQ Strategic Partners III 23.44M $0 0.0%
ICONIQ Capital 17.42M $2.42B -28.7%
Altimeter Capital Management 17M $2.36B -0.2%
MS Morgan Stanley 16.52M $2.3B +7.0%
Vanguard 15.97M $2.22B +3.9%
SC Us (TTGP) 14.01M $1.95B +2.2%
BLK Blackrock 10M $1.39B -12.1%
TROW T. Rowe Price 8.74M $1.22B +17.0%
Capital Research Global Investors 7.28M $1.01B +2.2%
BRK.A Berkshire Hathaway 6.13M $851.8M 0.0%
Largest transactions Shares Bought/sold Change
ICONIQ Capital 17.42M -7M -28.7%
Tiger Global Management 2.13M -4.71M -68.9%
Coatue Management 815.88K -1.82M -69.0%
FMR 3.3M +1.8M +120.3%
BLK Blackrock 10M -1.38M -12.1%
WCM Investment Management 1.3M +1.3M NEW
TROW T. Rowe Price 8.74M +1.27M +17.0%
Renaissance Technologies 2.02M +1.25M +162.8%
MS Morgan Stanley 16.52M +1.09M +7.0%
Clearbridge Advisors 1M +1M NEW

Financial report summary

?
Risks
  • We have experienced rapid revenue growth, which may not be indicative of our future performance, and we have a limited operating history, both of which make it difficult to forecast our future results of operations.
  • We may not have visibility into our future financial position and results of operations.
  • We have a history of operating losses and may not achieve or sustain profitability in the future.
  • The markets in which we operate are highly competitive, and if we do not compete effectively, our business, financial condition, and results of operations could be harmed.
  • If we fail to innovate in response to changing customer needs, new technologies, or other market requirements, our business, financial condition, and results of operations could be harmed.
  • If we or our third-party service providers experience an actual or perceived security breach or unauthorized parties otherwise obtain access to our customers’ data, our data, or our platform, our platform may be perceived as not being secure, our reputation may be harmed, demand for our platform may be reduced, and we may incur significant liabilities.
  • We could suffer disruptions, outages, defects, and other performance and quality problems with our platform or with the public cloud and internet infrastructure on which it relies.
  • We expect fluctuations in our financial results, making it difficult to project future results, and if we fail to meet the expectations of securities analysts or investors with respect to our results of operations, our stock price could decline.
  • Failure to effectively develop and expand our sales and marketing capabilities could harm our ability to increase our customer base and achieve broader market acceptance of our products and platform.
  • Sales efforts to large customers involve risks that may not be present or that are present to a lesser extent with respect to sales to smaller organizations.
  • The ongoing COVID-19 pandemic could have an adverse impact on our business, operations, and the markets and communities in which we, our partners, and customers operate.
  • Our growth depends on the development, expansion, and success of our partner relationships.
  • If we are unable to successfully manage the growth of our professional services business and improve our profit margin from these services, our operating results will be harmed.
  • If we lose key members of our management team or are unable to attract and retain the executives and employees we need to support our operations and growth, our business and future growth prospects may be harmed.
  • If the availability of our platform does not meet our service-level commitments to our customers, our current and future revenue may be negatively impacted.
  • We agree to indemnify customers and other third parties, which exposes us to substantial potential liability.
  • Acquisitions, strategic investments, partnerships, or alliances could be difficult to identify, pose integration challenges, divert the attention of management, disrupt our business, dilute stockholder value, and adversely affect our business, financial condition, and results of operations.
  • Seasonality may cause fluctuations in our remaining performance obligations.
  • We do business with federal, state, local, and foreign governments and agencies, and heavily regulated organizations; as a result, we face risks related to the procurement process, budget, and product decisions driven by statutory and regulatory determinations, termination of contracts, and compliance with government contracting requirements.
  • Any litigation against us could be costly and time-consuming to defend.
  • Unfavorable conditions in our industry or the global economy, or reductions in cloud spending, could limit our ability to grow our business and negatively affect our results of operations.
  • Our current operations are international in scope, and we plan further geographic expansion, creating a variety of operational challenges.
  • We may require additional capital to support the growth of our business, and this capital might not be available on acceptable terms, if at all.
  • We are exposed to fluctuations in currency exchange rates and interest rates, which could negatively affect our results of operations and our ability to invest and hold our cash.
  • If our estimates or judgments relating to our critical accounting estimates prove to be incorrect, our results of operations could be adversely affected.
  • Our business could be disrupted by catastrophic occurrences and similar events.
  • Our intellectual property rights may not protect our business or provide us with a competitive advantage.
  • We may become subject to intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
  • If we use open source software inconsistent with our policies and procedures or the license terms applicable to such software, we could be subject to legal expenses, damages, or costly remediation or disruption to our business.
  • We are subject to stringent and changing obligations related to data privacy and security, and the failure or perceived failure to comply with these obligations could result in significant fines and liability or otherwise result in substantial harm to our business and prospects.
  • We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, and non-compliance with such laws can subject us to criminal or civil liability and harm our business, financial condition, and results of operations.
  • We are subject to governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls.
  • Our international operations may subject us to greater than anticipated tax liabilities.
  • Changes in tax laws or tax rulings could materially affect our financial position, results of operations, and cash flows.
  • Our ability to use our net operating loss carryforwards may be limited.
  • Changes in our effective tax rate or tax liability may have an adverse effect on our results of operations.
  • Our stock price may be volatile, and the value of our common stock may decline.
  • Future sales of our common stock in the public market could cause the market price of our common stock to decline.
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans, or otherwise will dilute all other stockholders.
  • If securities or industry analysts publish unfavorable or inaccurate research about our business, the market price or trading volume of our common stock could decline.
  • We do not intend to pay dividends for the foreseeable future and, as a result, the ability of the holders of our common stock to achieve a return on their investment will depend on appreciation in the price of our common stock.
  • We incur significant costs operating as a public company, and our management is required to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
  • As a result of being a public company, we are obligated to develop and maintain proper and effective internal control over financial reporting, and any failure to maintain the adequacy of these internal controls may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management, and limit the market price of our common stock.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware and, to the extent enforceable, the federal district courts of the United States of America as the exclusive forums for certain disputes between us and our stockholders, which will restrict our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers, or employees.
Management Discussion
  • The overall increase in stock-based compensation for the three and six months ended July 31, 2022, compared to the three and six months ended July 31, 2021, was primarily attributable to additional equity awards granted to current and new employees, partially offset by a decrease in stock-based compensation associated with restricted stock unit awards (RSUs) granted prior to our Initial Public Offering (IPO). RSUs granted prior to our IPO have both a service-based and a performance-based vesting condition and, as a result, we recognized stock-based compensation associated with such RSUs using an accelerated attribution method.
  • As of July 31, 2022, total compensation cost related to unvested stock-based awards not yet recognized was $2.4 billion, which will be recognized over a weighted-average period of 3.2 years. See Note 10, “Equity,” to our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for further details.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: accommodate, Africa, Applica, customary, deliverable, East, excise, impracticable, Middle, Monetary, President, separate, Sp, unallocated, wide
Removed: flexible

Patents

Utility
Accessing Listings In a Data Exchange
29 Sep 22
A method of operating a data exchange includes creating a first listing referencing data of a first database of a plurality of databases, wherein the first listing comprises access controls and a data share associated with a first user, the access controls defining portions of the first database that are accessible by a second user, receiving a request from the second user for a bidirectional share between the portions of the first database that are accessible by the second user and portions of a second database controlled by the second user, and receiving an instruction from the first user to perform a database operation referencing data of the bidirectional share between the portions of the first database that are accessible by the second user and the portions of the second database controlled by the second user.
Utility
Pre-filter Deduplication for Multidimensional Two-sided Interval Joins
22 Sep 22
Disclosed herein are systems and methods for pre-filter deduplication for multidimensional two-sided interval joins.
Utility
Implementing Multidimensional Two-sided Interval Joins Using Sampling-based Input-domain Demarcation
22 Sep 22
In an embodiment, a data platform receives a query that includes a two-sided N dimensional interval join of first and second input relations.
Utility
Automated Database Replication at a Remote Deployment
22 Sep 22
Disclosed herein are systems and methods for database replication to a remote deployment with automated fulfillment.
Utility
Database Configurations for Remote Deployments
22 Sep 22
Techniques for database configurations for remote deployments include a method performed by a data platform executing instructions on at least one processor.