SNOW Furnishes earnings results (Ex. 99.1)
Summary
Snowflake Inc. reported its financial results for the fiscal fourth quarter and full-year ended January 31, 2026, via a press release (Ex. 99.1) on February 25, 2026. The company achieved product revenue of $1.23 billion in , a 30% year-over-year increase, and remaining performance obligations totaled $9.77 billion, up 42% year-over-year. - Net revenue retention rate was 125%. - 733 customers had trailing 12-month product revenue over $1 million, growing 27% year-over-year. - 740 net new customers were added, representing 40% year-over-year growth.
Why It Matters
The reported product revenue growth of 30% year-over-year and the 42% increase in remaining performance obligations (RPO) highlight strong demand and future revenue visibility for Snowflake, signaling continued robust performance to investors.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0001640147
- Filing Date
- Wednesday, February 25, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive