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Snowflake

Runs a cloud platform for business data and AI

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Overview

Company Historically Provides H-1B Sponsorship

Snowflake runs a cloud platform where businesses store and analyze data, build AI tools, and share information under common access controls. Its platform separates stored data from computing resources, letting teams run different workloads without maintaining database servers. Analysts query business records with SQL, while developers use Python and other languages to build applications and train models against the same data; Cortex connects AI models to company records so teams build assistants and automate analysis. Customers pay for storage and computing usage across Amazon, Microsoft, and Google infrastructure. Snowflake was founded in 2012 and has its headquarters in Menlo Park, California.

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About Snowflake

Simplify's Rating
Why Snowflake is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsAI & Machine Learning

Company Size

10,001+

Company Stage

IPO

Headquarters

Menlo Park, CA

Founded

2012

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What believers are saying

  • Growth supports a larger business: Snowflake product revenue rose 37% to $1.49 billion in the July 2026 quarter.
  • Employees buy discounted stock: eligible Snowflake staff pay 15% below the lower starting or ending six-month price.
  • Existing customers spend more: Snowflake reported 126% revenue retention in September 2026, after contractions and lost customers.

What critics are saying

  • Debt has a deadline: Snowflake priced $3.75 billion of notes in September 2026, maturing in 2029 and 2031.
  • Remote work is limited: Snowflake requires most employees to work from physical offices despite its globally distributed branding.
  • Suppliers also compete: AWS, Microsoft Azure, and Google Cloud host Snowflake while selling rival data platforms.

What makes Snowflake unique

  • Different engineering foundations: Snowflake built a cloud-native SQL engine; Databricks extends Spark with proprietary Photon execution.
  • Data sellers keep control: Snowflake Marketplace lets them charge for live tables without distributing copied files.
  • Software vendors enter customers' accounts: Snowflake Native Apps install business logic beside governed data instead of hosting it separately.

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Funding

Total Funding

$10.3B

Above

Industry Average

Funded Over

12 Rounds

Notable Investors:
Coatue Management
Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison Coming Soon

Benefits

  • We've got your back - We offer comprehensive health insurance plans, health savings accounts, robust retirement plans, and generous life and disability insurance.
  • A Balanced Lifestyle - All Snowflakes have access to our weekly online lunch and learns, virtual workout classes, and ergonomic work-from-home equipment. We offer on-demand mental health and wellness programs to support our employees and their families.
  • Your People Matter - Help offset the cost of growing your family with our fertility benefits and family planning resources. Count on our generous time-off and various leave plans for you to rest, refuel, and sustain a great work-life balance.
  • Global Snowflake Team - No matter where you are in the world, we will get you connected and supported with a work-from-home setup.
  • Treat Yourself - Personalize your Snowflake benefits by tapping into our employee discounts and pre-tax selections.
  • Invest In Your Future - Eligible employees enjoy new hire equity, Employee Stock Purchase Plan (ESPP), and a quarterly bonus or commission program.

Stock Price

Growth & Insights and Company News

6 month growth

6%

1 year growth

3%

2 year growth

3%
Yahoo Finance
Nov 7th, 2026
Snowflake stock up 56.8% on AI-led growth, but 17.7x sales valuation and losses persist

Snowflake stock rose 56.8% between February 9 and November 6, 2026, against 6.8% for the S&P 500. Two post-earnings sessions drove the gain: a 36.5% jump after May 27 results and a 16.6% rise after September 2 results. Product revenue reached $1.33 billion in fiscal Q1 2027, up 34%, and $1.49 billion in fiscal Q2, up 37%. Management raised its fiscal 2027 product revenue forecast to $6.07 billion, or 36% growth. Newer AI products drove about half of the speed-up. The company still lost $1.09 billion over the 12 months to July 31, 2026, though its operating loss narrowed to 17.0% of revenue from 29.7%. The stock trades at 17.7 times sales, up from 10.4 times in March. Shares have fallen from a high close of $368.89 on October 9 to $275.88 on November 6. Snowflake expects a GAAP profit in fiscal Q4 2028.

Yahoo Finance
Nov 5th, 2026
Snowflake holders up 34.1% in 2026 as revenue hits $1.55B, but losses persist

Snowflake shares have returned 34.1% since January 1, 2026, including dividends. The stock rose from $219 to $291. Investors were split on its AI story. The bullish case put fair value at $263, assuming revenue growth of 24.0% a year. The cautious case said $187, citing pressure from AI-native rivals, bundled hyperscaler offerings, and heavier regulation. In its second-quarter fiscal 2027 report, revenue reached $1.55 billion, up from $1.14 billion a year earlier. Net loss was $191.7 million, and net margin improved from a loss of 26.0% to a loss of 12.4%. The shares now trade above the bullish fair value estimate, so buyers are betting Snowflake can turn AI demand into lasting profit.

Yahoo Finance
Nov 4th, 2026
Snowflake trades at 19x sales as AI tools drive 35.1% growth, but losses persist

Snowflake's revenue growth has accelerated for three straight quarters, rising from 28.7% in fiscal Q3 2026 to 35.1% in fiscal Q2 2027. Management said on September 2, 2026 that its new AI tools, Cortex Code and CoWork, drove about half of the speed-up. Cortex Code added more than 2,000 net new accounts in the latest quarter, bringing its total to over 9,100. CoWork reached 5,800 accounts. Management raised its fiscal 2027 product revenue growth forecast to 36%, and the stock rose 16.6% the next day. The operating loss narrowed to 17.0% of revenue from 29.7% a year earlier. Snowflake expects GAAP profitability in fiscal Q4 2028, though AI workloads carry lower margins today. The stock trades at 19.0 times sales, against 3.2 for the S&P 500. It is down 13.0% over the month to November 3, 2026.

Yahoo Finance
Oct 30th, 2026
ZoomInfo brings MCP connector and API to Snowflake, opening 100M companies and 500M contacts to AI agents

ZoomInfo (NASDAQ: GTM) has made its ZoomInfo MCP connector and API available in Snowflake, the AI Data Cloud. Customers with a ZoomInfo subscription can use them now. Business users can ask questions of ZoomInfo data in natural language inside Snowflake CoWork. Cortex agents can search, enrich, and research companies and contacts, then return answers alongside the customer's own Snowflake data. Data teams can enrich Snowflake tables in real time or in bulk. Bulk enrichment handles up to 10,000 records per request and 200,000 records per query. ZoomInfo's data covers more than 100 million companies, 500 million contacts, and billions of signals. Access runs under users' existing ZoomInfo permissions, and only a Snowflake admin can expose the data to Cortex Agents.

Yahoo Finance
Oct 28th, 2026
Snowflake's AI products drive growth as shares jump 136.7% in six months

Snowflake shares returned 136.7% from April 28 to October 27, 2026, against 8.8% for the S&P 500. Management credits much of the company's faster growth to AI, including two products it built itself, Cortex Code and CoWork. Cortex Code reached 5.8 thousand accounts in fiscal Q2 2027, up nearly 11% on the prior quarter. CoWork passed 9.1 thousand accounts, with more than 2,000 added in the quarter. Revenue growth rose from 28.7% in fiscal Q3 2026 to 35.1% in fiscal Q2 2027. Management raised its fiscal 2027 product revenue forecast to $6.07 billion, or 36% growth. Risks remain. Snowflake still reports a loss, with an operating margin of -17.0%, and trades at 21.7 times sales. Management says AI workloads earn a lower contribution margin today.

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