Snowflake provides a cloud-based data platform designed to consolidate and analyze data for organizations across multiple industries. The core offering, the AI Data Cloud, enables customers to unify disparate data sources into a single system of record, facilitating analytics, business intelligence, and the development of data applications. The platform incorporates artificial intelligence capabilities to support problem-solving and decision-making processes. Snowflake has established a collaboration with OpenAI to develop joint AI solutions for enterprise customers.
The company serves a diverse customer base spanning financial services, healthcare, retail, media and entertainment, manufacturing, technology, telecommunications, travel and hospitality, and government sectors. Revenue is generated primarily through cloud platform subscription and usage-based pricing models, with customers paying based on data storage and computation consumption.
Headquartered in Bozeman, Montana, Snowflake was incorporated in Delaware in 2012 and operates on a global basis, serving customers across the United States and internationally. The company is listed on the New York Stock Exchange under the ticker SNOW, with a market capitalization of approximately $58.3 billion as of the latest data.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $-3.86 | $-3.86 | -51.4% | |
| 2024 | $-2.55 | $-2.55 | -2.0% | |
| 2023 | $-2.50 | $-2.50 | -10.6% | |
| 2022 | $-2.26 | $-2.26 | — | |
| 2021 | — | — | — |