Snowflake Inc. (NYSE: SNOW)
Software - Application · Bozeman, MT, United States · Founded 2012
- Market capitalization: $55.0 billion
- Annual revenue: $4.68 billion
- Net income: $-1.33 billion
- Employees: 6,800
- Sector: Technology
- Headquarters: Bozeman, United States
- Founded: 2012
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Snowflake operates a cloud-based data platform that lets companies store, query, and share massive datasets across AWS, Azure, and Google Cloud. The company's architecture separates storage from compute, allowing customers to scale each independently. Snowflake has become the go-to data warehouse for enterprises moving analytics to the cloud. Former Oracle executive Bob Muglia was the early CEO; Frank Slootman (legendary enterprise software operator) ran it from 2019-2024.
Consumption-based pricing u2014 customers pay for the compute and storage they actually use, not fixed subscriptions. This model means revenue fluctuates with customer usage but creates strong alignment. Product revenue exceeds $2.8 billion annually. Net revenue retention rates have historically exceeded 130%, meaning existing customers spend significantly more each year.
Benoit Dageville and Thierry Cruanes (both former Oracle engineers) founded Snowflake in 2012. Frank Slootman became CEO in 2019 and prepared the company for its blockbuster IPO in September 2020 u2014 the largest software IPO ever at the time, raising $3.4 billion. Warren Buffett's Berkshire Hathaway invested $735 million at IPO (unusual for Buffett). Sridhar Ramaswamy replaced Slootman as CEO in 2024.
| Market Capitalization | $55.0B |
| Annual Revenue | $4.68B |
| Net Income | $-1.33B |
| Profit Margin | -28% |
| Revenue per Employee | $688235K |
| Stock Exchange | NYSE |
| Ticker Symbol | SNOW |
Financial data is approximate and based on most recent annual filings.
Snowflake's IPO day pop of 112% made it the biggest first-day gain for a large IPO in over a decade. Buffett's investment in Snowflake was his first-ever IPO participation. The company's data marketplace allows organizations to buy and sell datasets u2014 a concept that could become a major revenue driver.
Snowflake's consumption model is both its strength and vulnerability u2014 when customers optimize spending, growth decelerates, and the post-Slootman era needs to prove the AI data platform story is real.
What is Snowflake Inc.'s revenue?
Snowflake Inc. generates approximately $4.68 billion in annual revenue.
How many employees does Snowflake Inc. have?
Snowflake Inc. employs approximately 6,800 people worldwide.
What is Snowflake Inc.'s market cap?
Snowflake Inc. (SNOW) has a market capitalization of approximately $55.0 billion on the NYSE.
When was Snowflake Inc. founded?
Snowflake Inc. was founded in 2012 and is headquartered in Bozeman, MT, United States.
Who is the CEO of Snowflake Inc.?
Sridhar Ramaswamy is the current CEO of Snowflake Inc..
What is Snowflake Inc.'s website?
Snowflake Inc.'s official website is snowflake.com.
| CEO | Sridhar Ramaswamy |
| Sector | Technology |
| Industry | Software - Application |
| Founded | 2012 |
| HQ | Bozeman, MT |
| Country | United States |
| Website | snowflake.com |
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