NYSE$SNOW
Snowflake Inc. · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Snowflake's Q4 2024 financial results were released, showcasing growth in product revenue and customer base.
Snowflake reported a 32% year-over-year increase in total revenue, reaching $774.7 million for Q4 2024. Product revenue grew by 33% year-over-year to $738.1 million. The company's customer base expanded, with 461 customers generating over $1 million in trailing 12-month product revenue.
- Total revenue reached $774.7 million, a 32% year-over-year increase.
- Product revenue grew to $738.1 million, representing a 33% year-over-year growth.
- Net revenue retention rate stood at 131%.
- Remaining performance obligations (RPO) amounted to $5.2 billion, a 41% year-over-year increase.
Headline financials
Revenue & EPS history
Snowflake · Revenue · Quarterly
$775M
Revenue by segment
Snowflake · $734M total across 2 segments · Q3 2024
- Product Revenue$699M+33.6%95.1%
- Professional Services & Other$35.7M+4.1%4.9%
Forward guidance
Snowflake anticipates product revenue between $745 million and $750 million for the first quarter of fiscal year 2025, representing a 26% to 27% year-over-year growth. The company projects a 3% operating income margin for the same period.
Tailwinds
- Projected product revenue growth of 26-27% year-over-year for Q1 2025.
- Targeting a 3% operating income margin for Q1 2025.
- Full-year fiscal 2025 product revenue is expected to be $3.25 billion, representing 22% year-over-year growth.
- Projected product gross profit margin of 76% for fiscal year 2025.
- Targeting a 6% operating income margin for fiscal year 2025.
Headwinds
- Uncertainty regarding the timing and amount of future stock repurchases.
- Potential variability of expenses, including stock-based compensation.
- Impact of employee stock transactions on stock-based compensation-related charges.
- Difficulty in predicting the future fair market value of common stock.
- Challenges in forecasting future hiring and retention needs.
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 Q4 2024
+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
| Quarter | Report date | Reaction (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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