Snowflake 2024年季度报告

Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended October 31, 2024OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromtoCommission File Number: 001-39504 SNOWFLAKE INC. (Exact name of registrant as specified in its charter) 46-0636374 (State or other jurisdiction of incorporation ororganization) (I.R.S. Employer Identification No.) Suite 3A, 106 East Babcock StreetBozeman, MT 59715(Address of principal executive offices and zip code)1(844) 766-9355(Registrant’s telephone number, including area code)Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of November 15, 2024, there were 330.1 million shares of the registrant’s Class A common stock, par value of $0.0001 per share, 1We are a Delaware corporation with a globally distributed workforce and no corporate headquarters. Under the Securities andExchange Commission’s rules, we are required to designate a “principal executive office.” For purposes of this report, we havedesignated our office in Bozeman, Montana as our principal executive office. Table of Contents TABLE OF CONTENTS Special Note about Forward-Looking Statements3Selected Risks Affecting Our Business5PART I. Financial Information6ITEM 1. Financial Statements (Unaudited)6Condensed Consolidated Balance Sheets6Condensed Consolidated Statements of Operations7Condensed Consolidated Statements of ComprehensiveLoss8Condensed Consolidated Statements of Stockholders’ Equity9Condensed Consolidated Statements of Cash Flows11Notes to Condensed Consolidated Financial Statements13ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations43ITEM 3. Quantitative and Qualitative Disclosures about Market Risk64ITEM 4. Controls and Procedures66PART II. Other Information67ITEM 1. Legal Proceedings67ITEM 1A. Risk Factors67ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds99ITEM 3. Defaults Upon Senior Securities99ITEM 4. Mine Safety Disclosures99ITEM 5. Other Information100ITEM 6. Exhibits101Signatures102 Table of Contents SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the SecuritiesExchange Act of 1934, as amended (Exchange Act), about us and our industry that involve substantial risksand uncertainties. All statements other than statements of historical fact contained in this report, includingstatements regarding our future results of operations and financial condition, business strategy, capitalrequirements, market trends, and plans and objectives of management for future operations, are forward-looking statements. In some cases, forward-looking statements can be identified by words such as“anticipate,” “believe,” “continue,” “can,” “could,” “design,” “estimate,” “target,” “expect,” “intend,”“may,” “plan,” “potentially,” “predict,” “project,” “should,” “will,” “would,” or the negative of these termsor other similar expressions. These forward-looking statements include, but are not limited to, statementsconcerning the following: •our expectations regarding our revenue, expenses, and other operating results, including statementsrelating to the portion of our remaining performance obligations that we expect to recognize asrevenue i