NYSE$SNOW

Snowflake Inc. · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Snowflake's Q3 2025 results were announced, featuring strong product revenue growth and a high net revenue retention rate.

Snowflake reported a strong third quarter with product revenue reaching $900.3 million, a 29% year-over-year increase. The remaining performance obligations grew by 55% year-over-year to $5.7 billion, and the net revenue retention rate was 127%.

  • Product revenue grew 29% year-over-year, reaching $900.3 million.
  • Net revenue retention rate was 127%.
  • Remaining performance obligations increased by 55% year-over-year to $5.7 billion.
  • The company has 542 customers with trailing 12-month product revenue greater than $1 million.

Headline financials

Total Revenue

$942M

Previous: $734M+28.3%
EPS

-$0.98

Previous: $0.25-492.0%
Capital Expenditures

-$35M

Previous: -$22M-59.0%
Free Cash Flow

-$359M

Previous: -$236M-52.1%
Net Income

-$324M

Previous: -$214M-51.4%
Operating Income

-$365M

Previous: -$261M-40.2%
Gross Profit

$621M

Previous: $505M+23.0%
Cash & Equivalents

$2.15B

Previous: $3.55B-39.4%
Total Assets

$8.2B

Previous: $7.26B+12.9%
R&D Expense

$439M

Previous: $328M+33.6%
Stock-Based Comp

$363M

Previous: $298M+21.8%

Revenue & EPS history

Snowflake · Revenue · Quarterly

$942M

Q3 2025+28.3%vs Q3 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Snowflake · $734M total across 2 segments · Q3 2024

  • Product Revenue
    $699M+33.6%
  • Professional Services & Other
    $35.7M+4.1%

Forward guidance

The following table summarizes our guidance for the fourth quarter of fiscal 2025:

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.9%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.9%

Avg return

30 days after

54%

13 / 24 earnings

Positive

+31.6%

Q3 2025

Best reaction

-19.5%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+2.2%-2.0%-9.7%
Q3 2026-11.4%-16.0%-18.2%
Q2 2026+20.2%+16.6%+12.1%
Q1 2026+13.5%+15.2%+18.4%
Q4 2025+4.5%+4.5%-9.4%
Q3 2025+31.6%+31.6%+27.7%
Q2 2025-12.7%-10.6%-16.4%
Q1 2025-5.0%-4.0%-21.5%
Q4 2024-19.5%-24.0%-30.9%
Q3 2024+9.4%+9.8%+16.0%
Q2 2024-3.2%-2.5%-1.9%
Q1 2024-15.6%-14.4%+1.8%
Q4 2023-12.4%-8.0%-0.1%
Q3 2023+12.8%-0.7%+5.1%
Q2 2023+28.2%+21.8%+12.5%
Q1 2023-2.2%+0.2%+16.9%
Q4 2022-14.9%-26.7%-10.8%
Q3 2022+5.9%+0.4%-0.4%
Q2 2021+3.0%+3.8%+0.9%
Q2 2022+8.5%+5.9%+12.5%
Q1 2022+6.6%+3.5%+7.4%
Q4 2020-8.0%-20.9%-12.5%
Q4 2021-8.0%-20.9%-12.5%
Q3 2021+11.2%+27.3%-7.9%
Q1 2021
Q3 2020
Q2 2020
Q1 2020
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014

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