Snowflake Inc.

"The AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from a growing number of data sets in secure, governed, and compliant ways."

"The Company's RPO was approximately $9.2 billion, of which the Company expects approximately 50% to be recognized as revenue in the 12 months ending April 30, 2027 based on historical customer consumption patterns."

"If we are not successful in executing an effective AI strategy, our business, financial condition, and results of operations could be harmed."

"We have experienced rapid revenue growth and have a limited operating history, both of which make it difficult to forecast our future results of operations."

"If we are not successful in executing our investments in AI Technology, our business, financial condition, and results of operations could be harmed."

"Our RPO was $7.9 billion, of which the Company expects approximately 48% to be recognized as revenue in the 12 months ending October 31, 2026 based on historical customer consumption patterns."

"The Company provides its platform through a customer-centric, consumption-based business model, only charging customers for the resources they use."

"Through its platform, the Company delivers the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value"

"If we are not successful in executing our investments in AI Technology, including generative AI Technology, our business, financial condition, and results of operations could be harmed."

"The Company provides its platform through a customer-centric, consumption-based business model, only charging customers for the resources they use."

"During the three months ended April 30, 2025, the Company recognized impairment charges of $85.9 million for operating lease right-of-use assets and $20.6 million for property and equipment, net, primarily relating to the cease-use of its San Mateo office facility."

"RPO was $6.7 billion, of which the Company expects approximately 50% to be recognized as revenue in the twelve months ending April 30, 2026 based on historical customer consumption patterns."

"our net revenue retention rate of 126% and 131% as of January 31, 2025 and 2024, respectively"

"customers included 745 of the Forbes Global 2000...and those customers contributed approximately 42% of our revenue for the fiscal year ended January 31, 2025"

"In May 2024, we became aware that a cybersecurity threat actor had accessed a number of our customers' Snowflake accounts as a result of such customers' failure to fulfill certain of their obligations under our shared responsibility cybersecurity model"

"Customers choose to consume the platform under either capacity arrangements, in which customers commit to a certain amount of consumption at specified prices, or under on-demand arrangements"

"Starting from June 2024, customers are allowed to select compute, storage, and data transfer resources separately, at their discretion"

"If we are not successful in executing our investments in artificial intelligence and machine learning technology (AI Technology), including generative AI technology, our business, financial condition, and results of operations could be harmed"

"The Company's AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets"

"Starting from June 2024, customers are allowed to select compute, storage, and data transfer resources separately, at their discretion"

"RPO was $5.2 billion, of which the Company expects approximately 50% to be recognized as revenue in the twelve months ending July 31, 2025"

"The Company provides its platform through a customer-centric, consumption-based business model, only charging customers for the resources they use."

"The Company's RPO was $5.0 billion, of which the Company expects approximately 51% to be recognized as revenue in the twelve months ending April 30, 2025 based on historical customer consumption patterns."

"Snowflake provides a cloud-based data platform, which enables customers to consolidate data into a single source of truth to drive meaningful insights, apply AI to solve business problems, build data applications, and share data and data products."

"Our business and financial condition have been, and may continue to be, impacted by adverse macroeconomic conditions, including inflation, higher interest rates, and fluctuations or volatility in capital markets or foreign currency exchange rates. These conditions have caused, and may continue to cause, customers to rationalize budgets, prioritize cash flow management, including through shortened contract duration, and optimize consumption."

"We are investing significantly in artificial intelligence and machine learning technology, or AI Technology. Our investments include internally developing AI Technology, acquiring companies with complementary AI Technology, and partnering with companies to bring AI Technology to our platform."

"Our net revenue retention rate is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity. We expect our net revenue retention rate to decrease over the long-term as customers that have consumed our platform for an extended period of time become a larger portion of both our overall customer base."

"Through its platform, the Company delivers the Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways."

"Our ability to successfully integrate and realize the benefits of strategic acquisitions"

"If we are not successful in executing our investments in artificial intelligence and machine learning technology, or AI Technology, including generative AI Technology, our business, financial condition, and results of operations could be harmed."

"The Company provides its platform through a customer-centric, consumption-based business model, only charging customers for the resources they use."

"As of July 31, 2023, the Company's RPO was $3.5 billion, of which the Company expects approximately 57% to be recognized as revenue in the twelve months ending July 31, 2024"

"In June 2023, the Company amended one of its third-party cloud infrastructure agreements. Under the amended agreement, the Company has committed to spend at least $1.0 billion between June 2023 and May 2028 on cloud infrastructure services"