SNOW Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2023-10-31), SNOW reported revenue of $734M, gross profit of $505M (68.8% gross margin), operating income of −$261M, and net income of −$214M (-29.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SNOW reported a net loss; revenue grew 8.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +8.9% | +5.6% | +4.5 pp |
Consensus estimate data is not available for this report.
SNOW Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $734M | 100% |
| Cost of Revenue | −$229M | 31.2% |
| Gross Profit | $505M | 68.8% |
| Research & Development | −$332M | 45.2% |
| Selling, General & Administrative | −$434M | 59.1% |
| Operating Income | −$261M | -35.5% |
| Other Income, net | $49M | 6.7% |
| Income Tax Expense | −$3M | 0.5% |
| Net Income | −$214M | -29.2% |
Source: original SEC filing (filed 2023-11-29). Accession 0001640147-23-000253. Data normalized by EarningsFyi.