Snowflake, Inc. ( (SNOW) ) has released its Q4 earnings. Here is a breakdown of the information Snowflake, Inc. presented to its investors.
Snowflake, Inc. is a leading AI Data Cloud company that enables enterprises to efficiently manage and utilize data across their operations. The company operates in the technology sector, providing a platform that supports data sharing, application building, and AI-driven business solutions.
In its latest earnings report for the fourth quarter and full fiscal year 2025, Snowflake announced a significant increase in product revenue, reaching $943.3 million for the quarter, marking a 28% year-over-year growth. The company also reported a net revenue retention rate of 126% and highlighted its strong customer base, including 580 customers with over $1 million in trailing 12-month product revenue.
Key financial metrics from the report include a total revenue of $986.8 million for the quarter, a 27% increase from the previous year. Snowflake’s remaining performance obligations grew by 33% year-over-year to $6.9 billion. Despite a GAAP operating loss of $386.7 million, the company achieved a non-GAAP operating income of $92.8 million, reflecting a 9% margin.
Looking ahead, Snowflake’s management remains optimistic about the company’s growth prospects, projecting a product revenue increase of 21-22% for the first quarter of fiscal 2026. The company is focused on expanding its platform capabilities and supporting customers throughout their data lifecycle, positioning itself as a pivotal player in the enterprise AI landscape.