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Apr 30, 2024
Snowflake Q1 2025 Earnings Report
Snowflake's first quarter of fiscal 2025 showed strong growth in product revenue and remaining performance obligations.
Key Takeaways
Snowflake reported a 33% year-over-year increase in total revenue, reaching $828.7 million. Product revenue grew by 34% year-over-year to $789.6 million. The company's remaining performance obligations (RPO) reached $5.0 billion, a 46% year-over-year increase.
Total revenue increased by 33% year-over-year to $828.7 million.
Product revenue grew by 34% year-over-year to $789.6 million.
Remaining performance obligations (RPO) increased by 46% year-over-year to $5.0 billion.
Net revenue retention rate was 128%.
Revenue by Segment
Forward Guidance
Snowflake anticipates product revenue between $805 million and $810 million for the second quarter of fiscal 2025, representing 26-27% year-over-year growth. They also anticipate 3% operating income.
Positive Outlook
- Product revenue between $805M - $810M
- 26-27% year-over-year growth for product revenue
- Operating income of 3%
- Continued investment in AI and machine learning capabilities
- Focus on platform innovation and customer success
Challenges Ahead
- Uncertainty regarding the timing and amount of stock repurchases
- Potential variability of expenses
- Impact of stock-based compensation-related charges
- Dependence on customer consumption patterns
- Competitive market conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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