Snowflake Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial performance and operations. Snowflake Inc. offers a cloud-based data platform, the AI Data Cloud, which enables organizations to consolidate data into a single source of truth, apply AI to solve business problems, and share data and data products. The company serves various industries, including financial services, healthcare, technology, and government sectors. Snowflake Inc. operates on a customer-centric, consumption-based business model, primarily generating revenue from fees charged to customers based on the compute, storage, and data transfer resources consumed on its platform.
In the 10-Q report, Snowflake Inc. highlighted its focus on acquiring new customers and driving increased use of its platform for existing customers. As of July 31, 2025, the company had 12,062 total customers, with a net revenue retention rate of 125%. The platform has been adopted by many of the world's largest organizations, including 751 of the Forbes Global 2000, contributing approximately 42% of the company's revenue for the six months ended July 31, 2025.
The report also discussed the impact of macroeconomic conditions on Snowflake Inc.'s business and financial condition. The company noted that adverse macroeconomic conditions, such as inflation and high interest rates, may continue to impact customer budgets and consumption patterns, potentially affecting its revenue and results of operations.
Additionally, the report highlighted key factors affecting Snowflake Inc.'s performance, including the adoption of its platform, expansion of the AI Data Cloud, and the acquisition of new customers. The company emphasized the importance of increasing consumption of its platform and expanding within its existing customer base to drive future growth.
Furthermore, Snowflake Inc. provided insights into its recent business combination, including the acquisition of Crunchy Data Solutions, Inc. for $164.5 million in cash, and the impact of the elimination of its Class B common stock.
As a result of these announcements, the company's shares have moved 1.66% on the market, and are now trading at a price of $225.58. Check out the company's full 10-Q submission here.
