Snowflake：2025年季度报告

Washington, D.C. 20549 FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJuly31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 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 or organization) (I.R.S. Employer Identification No.) Suite 3A,106 East Babcock StreetBozeman,MT59715(Address of principal executive offices and zip code)(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)1 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 Securities Exchange Act of 1934 during the preceding12 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 submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant 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 smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting 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 August22, 2025, there were338.8million shares of the registrant’s common stock, par value of $0.0001 per share, outstanding. TABLE OF CONTENTS Special Note about Forward-Looking StatementsSelected Risks Affecting Our BusinessPART I. Financial InformationITEM 1. Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of ComprehensiveLossCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM 3. Quantitative and Qualitative Disclosures about Market RiskITEM 4. Controls and ProceduresPART II. Other InformationITEM 1. Legal ProceedingsITEM 1A. Risk FactorsITEM 2. Unregistered Sales of Equity Securities and Use of ProceedsITEM 3. Defaults Upon Senior SecuritiesITEM 4. Mine Safety DisclosuresITEM 5. Other InformationITEM 6. ExhibitsSignatures SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act), about us and ourindustry that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this report,including statements regarding our future results of operations and financial condition, business strategy, opportunities, priorities, 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 terms orother similar expressions. These forward-looking statements include, but are not limited to, statements concerning the following: •our expectations regarding our revenue, expenses, and other operating results, including statements relating to the portion of ourremaining performance obligations that we expect to recognize as revenue in future periods; •our ability to maintain and increase consumption on our platform; •our ability to continue to innovate and make new features generally available to customers, including our development and use ofartificial intelligence (AI) and machine learning technology (collectively, AI Technology), and our customers’ adoption and use ofsuch features; •our growt