Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 871M | 4.8% |
| Gross Profit | 581M | 4.4% |
| Cost of Revenue | 810M | 0.3% |
| Operating expense | 936M | 3.5% |
| Net Income | -317M | 0% |
| EBITDA | -331M | 9.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 6.94B | 4.9% |
| Total Liabilities | 2.81B | 2.8% |
| Total Equity | 4.13B | 9.4% |
| Shares Outstanding | 336M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 70M | 80.3% |
| Cash from investing | 384M | 354.1% |
| Cash from financing | -491M | 22.6% |
EPS
Financial Highlights for Snowflake in Q3 '24
Snowflake reported a revenue of 871M, which is a 4.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 581M, marking a 4.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 810M, a -0.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 936M, showing a 3.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -317M, showing a 0% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -331M, showing a -9.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Snowflake with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
