Snowflake Inc. (SNOW) is a cloud-based data platform company that enables organizations to consolidate, manage, and analyze their data efficiently. The company provides a flexible, consumption-based platform that supports a variety of workloads, including data warehousing, data lakes, data engineering, and secure data sharing. Snowflake's innovative architecture allows customers to scale their data operations seamlessly across industries and geographies.
- Product Revenue - Generates revenue from customer consumption of Snowflake's data platform, which includes compute, storage, and data transfer resources. Supports diverse workloads such as data warehousing, data lakes, and data application development.
- Professional Services and Other Revenue - Offers training, consulting, and other services to help customers optimize their use of Snowflake's platform.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Benoit Dageville ExecutiveBoard | President of Products | None | Co-founder of Snowflake, serving as President of Products and board member since August 2012. Previously CTO until May 2019. | |
Christian Kleinerman Executive | EVP of Product | None | Joined Snowflake in January 2018, promoted to EVP of Product in February 2024. Previously worked at Google LLC. | |
Christopher W. Degnan Executive | Chief Revenue Officer | None | Joined Snowflake in November 2013, became CRO in August 2018. Previously held sales roles at EMC Corporation and Aveksa, Inc.. | |
Michael P. Scarpelli Executive | Chief Financial Officer | None | Michael P. Scarpelli has been CFO since August 2019, previously serving as CFO at ServiceNow and Data Domain Corporation. | |
Sridhar Ramaswamy Executive | Chief Executive Officer | None | Sridhar Ramaswamy joined Snowflake in June 2023 as SVP, AI, and became CEO in February 2024. He previously held leadership roles at Neeva Inc., Greylock Partners, and Google LLC. | View Report → |
Frank Slootman Board | Chairman of the Board | None | Former CEO from April 2019 to February 2024, continues as Chairman. Led Snowflake through its IPO in 2020. | |
Jayshree V. Ullal Board | Board Member | President, CEO, and Director of Arista Networks, Inc. | Board member since June 2020, CEO of Arista Networks since October 2008. | |
Jeremy Burton Board | Board Member | CEO of Observe, Inc. | Board member since March 2016, CEO of Observe, Inc. since November 2018. | |
Kelly A. Kramer Board | Board Member | Board Member at Gilead Sciences, Inc. and Coinbase Global, Inc. | Board member since January 2020, previously EVP and CFO at Cisco Systems, Inc.. | |
Mark D. McLaughlin Board | Board Member | Chairman of Qualcomm, Inc., Director at Snorkel.AI and Rubrik, Inc. | Board member since April 2023, former CEO and Chairman of Palo Alto Networks. | |
Mark S. Garrett Board | Board Member | Board Member at GoDaddy Inc. and Cisco Systems, Inc. | Board member since April 2018, former EVP and CFO of Adobe Systems Incorporated. | |
Michael L. Speiser Board | Lead Independent Director | Managing Director at Sutter Hill Ventures | Founding board member since July 2012, served as part-time CEO and CFO until June 2014. | |
Teresa Briggs Board | Board Member | Board Member at ServiceNow, Inc., DocuSign, Inc., and Warby Parker | Board member since December 2019, previously held leadership roles at Deloitte LLP. |
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Given that your Q2 product revenue growth was 30% year-over-year , and the magnitude of the beat was smaller than in Q1 , what factors contributed to this deceleration, and how do you anticipate this trend impacting future quarters?
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With net revenue retention rate continuing to converge with overall revenue growth , are there specific strategies you are implementing to stabilize NRR, especially considering the introduction of new products like Iceberg tables?
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Considering your guidance includes headwinds from storage revenue runoff due to Iceberg tables , is the expected pace of this runoff tracking as anticipated, or are you seeing signs that it might accelerate and impact future revenues more significantly?
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Given the acquisition of Tabular affecting the Iceberg ecosystem , how do you plan to position Snowflake to attract talent and maintain competitiveness in this space amidst these industry changes?
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Despite macroeconomic concerns, you reported strength in the financial services and technology verticals , can you elaborate on what is driving this growth and whether you believe these trends are sustainable in the current market environment?
Research analysts who have asked questions during Snowflake earnings calls.
Mark Murphy
JPMorgan Chase & Co.
5 questions for SNOW
Raimo Lenschow
Barclays
5 questions for SNOW
Aleksandr Zukin
Wolfe Research
4 questions for SNOW
Brad Zelnick
Credit Suisse
4 questions for SNOW
Brent Thill
Jefferies
3 questions for SNOW
Joel Fishbein
Truist Securities
3 questions for SNOW
Karl Keirstead
UBS
3 questions for SNOW
Kash Rangan
Goldman Sachs
3 questions for SNOW
Michael Turrin
Wells Fargo
3 questions for SNOW
Sanjit Singh
Morgan Stanley
3 questions for SNOW
S. Kirk Materne
Evercore ISI
3 questions for SNOW
Tyler Radke
Citigroup Inc.
3 questions for SNOW
Bradley Sills
Bank of America
2 questions for SNOW
Brad Reback
Stifel
2 questions for SNOW
Brent Bracelin
Piper Sandler Companies
2 questions for SNOW
Kasthuri Rangan
Goldman Sachs
2 questions for SNOW
Keith Weiss
Morgan Stanley
2 questions for SNOW
Patrick Colville
Scotiabank
2 questions for SNOW
Alex Zukin
Wolfe Research LLC
1 question for SNOW
Bo Yin
Jefferies
1 question for SNOW
Gregg Moskowitz
Mizuho
1 question for SNOW
Joe Vandrick
Scotiabank
1 question for SNOW
John DiFucci
Guggenheim Securities
1 question for SNOW
Kirk Materne
Evercore ISI
1 question for SNOW
Matt Hedberg
RBC Capital Markets
1 question for SNOW
Matthew Calitri
Needham & Company
1 question for SNOW
Michael Cikos
Needham & Company
1 question for SNOW
Michael Steven Richards
RBC Capital Markets
1 question for SNOW
Mike Cikos
Needham & Company, LLC
1 question for SNOW
Patrick Walravens
Citizens JMP
1 question for SNOW
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Datavolo, Inc. | 2024 | Snowflake acquired Datavolo for approximately $170 million using a mix of common stock and cash, primarily to bolster its connectivity platform with over 100 new data connectors and enhanced AI capabilities, with certain employee shares subject to a four‐year vesting schedule. |
Night Shift Development, Inc. | 2024 | Completed on September 18, 2024, the acquisition of Night Shift involved issuing 67,975 shares (valued at $8.2 million) to support Snowflake’s expansion into the U.S. public sector and national security markets, though some shares may be forfeited upon triggering certain events. |
Samooha, Inc. | 2023 | Acquired on December 20, 2023 for a preliminary purchase consideration of $219 million (combining cash, equity, and a previously held equity interest), this deal was driven by Samooha’s cutting‐edge data clean room technology and talent, with part of the equity issued to employees vesting over four years. |
Neeva Inc. | 2023 | Completed on May 26, 2023, Neeva was acquired for approximately $185.4 million in cash to gain its innovative search technology powered by language models, with the deal’s structure also allocating amounts for goodwill and intangible assets. |
Mountain US Corporation | 2023 | Acquired on February 10, 2023 for approximately $76.3 million in cash, Mountain US Corporation (formerly Mobilize.Net) was targeted for its tools that facilitate database migrations to the Data Cloud, with the purchase including allocations for cash, goodwill, a developed technology intangible asset, and certain liabilities. |
LeapYear Technologies, Inc. | 2023 | On February 10, 2023, LeapYear was acquired for roughly $62.0 million in cash to integrate its differential privacy platform and talent, with the allocation comprising significant amounts for a developed technology intangible asset, goodwill, and other related liabilities. |
Applica Sp. z.o.o. | 2022 | The acquisition of Applica on September 23, 2022 involved a $174.7 million cash purchase to secure an AI platform for document understanding (backed by a 95-engineer team based in Warsaw), with the deal structured to include substantial allocations for goodwill and a developed technology intangible asset. |
Streamlit, Inc. | 2022 | Completed on March 31, 2022, Snowflake acquired Streamlit for a total of $650.8 million (comprising $211.8 million in cash and 1.9 million shares of its stock, plus additional founder shares subject to vesting), primarily to integrate Streamlit’s open-source data application framework and vibrant developer community, resulting in significant goodwill and intangible asset recognition. |
Recent press releases and 8-K filings for SNOW.
- Snowflake Inc. has appointed Brian Robins as its new Chief Financial Officer, effective September 22, 2025.
- Mr. Robins will succeed Mike Scarpelli, who is retiring from the CFO role and will transition to an advisory position at the company.
- As part of his compensation, Mr. Robins will receive an annual salary of $500,000 and an annual incentive bonus target of 100% of his salary.
- He will also be granted equity awards totaling $30,500,000, comprising a new hire restricted stock unit award of $28,000,000 and an additional restricted stock unit award of $2,500,000.
- Snowflake reported a strong quarter with a solid top and bottom line beat, and provided strong guidance for the current quarter.
- The company's product revenue exceeded $1 billion, growing 32% year-on-year with a 5% beat, and the business is becoming more profitable.
- Snowflake is central to the enterprise AI revolution, with over 6,000 existing customers using its AI products weekly, leading the company to raise its guidance.
- On July 2, 2025, Snowflake Inc. stockholders approved an amendment to the Certificate of Incorporation to eliminate Class B common stock and rename Class A common stock to "Common Stock". This amendment became effective on July 3, 2025.
- Following the amendment, Snowflake Inc. is authorized to issue a total of 2,700,000,000 shares, comprising 2,500,000,000 shares of Common Stock and 200,000,000 shares of Preferred Stock, each with a par value of $0.0001 per share.
- Stockholders did not approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.
- Stockholders also did not approve an amendment to declassify the Board of Directors.
- Strategic partnership with Interpublic Group’s Acxiom and Interact platforms to integrate proprietary data, identity, and collaboration tools directly into Snowflake’s AI Data Cloud environments.
- Eliminates the need to move first-party data by embedding privacy and security features natively, enabling real-time insights, precise audience segmentation, and enhanced personalization.
- Establishes a joint solutions hub leveraging Snowflake Cortex and IPG’s Interact platform to pioneer AI-driven, omnichannel marketing innovations.
- Offers global reach in over 100 countries, modernizing marketing data infrastructure at scale for brands worldwide.
- Financial analysts set an average one-year price target of $33.05 (upside 43.7%) and assign a consensus “Outperform” rating (2.5) for IPG stock, highlighting growth potential from the collaboration.
- Q1 results included a $1 billion revenue quarter (+26% YoY), net revenue retention of 124%, remaining revenue obligation of $6.7 billion (+34% YoY), 11,200 customers (+451 in Q1; ~5,200 using AI/ML).
- Mike, who joined as Chief Revenue Officer 90 days ago, highlighted a consumption-based model and focus on migrating customers from legacy warehouses.
- Raised FY guidance to 26% growth, and expects to exceed 35% by activating a major investment in hyperscaler, ISV, systems-integrator, and reseller channels.
- Snowflake Summit in San Francisco drew 20,000 attendees (70% customer-delivered sessions), underscoring network effects and customer interest in AI/data use cases.
- Unveiled AI-driven platform enhancements: Standard Warehouse Gen2 (2.1× performance), adaptive compute (private preview), simplified ingest pricing, Horizon catalog AI governance, GA notebooks with GPU support, semantic models & Cortex Analyst, and Snowflake Intelligence agent framework.
- Product revenue reached $997 million in Q1 2026, marking 26% year-over-year growth (28% growth excluding leap day effects).
- Non-GAAP operating margin improved to 9% with a product gross margin of 75.7% and a free cash flow margin of 20%, demonstrating solid operating performance.
- The company repurchased 3.2 million shares for $491 million at an average price of $152.63, and ended the quarter with a cash balance of $4.9 billion.
- Updated outlook includes Q2 product revenue of $1.035–$1.04 billion and increased FY 2026 revenue guidance to $4.325 billion.