SNOW Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2023-07-31), SNOW reported revenue of $674M, gross profit of $456M (67.6% gross margin), operating income of −$285M, and net income of −$227M (-33.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SNOW reported a net loss; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
SNOW Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $674M | 100% |
| Cost of Revenue | −$218M | 32.4% |
| Gross Profit | $456M | 67.6% |
| Research & Development | −$314M | 46.6% |
| Selling, General & Administrative | −$427M | 63.4% |
| Operating Income | −$285M | -42.3% |
| Other Income, net | $54M | 8.1% |
| Income Tax Expense | $4M | 0.6% |
| Net Income | −$227M | -33.7% |
Source: original SEC filing (filed 2023-08-23). Accession 0001640147-23-000193. Data normalized by EarningsFyi.