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 18 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+3.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-0.9%

Avg return

30 days after

56%

14 / 25 earnings

Positive

+36.1%

Q1 2027

Best reaction

-19.5%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2027———
Q1 2027+36.1%+48.7%—
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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