Fri, May 30, 8:18 PM (24 days ago)
### Summary of Snowflake Inc. (SNOW) Q1 2025 Financial Performance **Revenue and Profit Margins:** - **Revenue:** $1.04 billion, up 26% year-over-year (YoY) driven by increased consumption of the platform by existing customers. - **Gross Profit Margin:** 67%, consistent with the previous year, indicating stable operational efficiency. - **Operating Loss:** $447.2 million, reflecting ongoing investments in growth and expansion. **Cash Flow:** - **Net Cash Provided by Operating Activities:** $228.4 million, down 34% YoY due to higher cash expenditures supporting business growth. - **Free Cash Flow:** $183.4 million, a non-GAAP measure, reflecting the company's core business operations' strength. **Earnings Changes:** - **Net Loss:** $430.0 million, an increase from $316.9 million in Q1 2024, primarily due to higher operating expenses. **Quarterly Performance Discussion:** - **Customer Growth:** Added 451 new customers, bringing the total to 11,578. - **Large Customers:** 606 customers with over $1 million in product revenue, up from 479 in Q1 2024. - **Forbes Global 2000 Customers:** 754 customers, contributing approximately 41% of revenue. **Trends and Uncertainties:** - **Macroeconomic Conditions:** Adverse conditions may impact customer spending and platform consumption. - **Competitive Landscape:** Intensifying competition from large cloud providers and new entrants. - **Regulatory Environment:** Evolving data privacy and security regulations may increase compliance costs. **Future Operations Impact:** - **Investments:** Continued focus on research and development, particularly in AI and machine learning. - **Expansion:** Strategic investments in international markets and highly regulated industries. - **Customer Acquisition:** Emphasis on acquiring new customers and driving increased platform usage among existing customers. **Note:** The company's financial health is robust, with significant revenue growth and a stable gross margin. However, ongoing investments and competitive pressures present challenges that could impact future performance.