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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY272026-07-31 | Q1 FY272026-04-30 | Q4 FY262026-01-31 | Q3 FY262025-10-31 | Q2 FY262025-07-31 | Q1 FY262025-04-30 | Q4 FY252025-01-31 | Q3 FY252024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.39B | $1.28B | $1.21B | $1.14B | $1.04B | $986.77M | $942.09M |
| Cost of revenue | $510.08M | $464.50M | $426.33M | $390.87M | $371.82M | $348.79M | $333.18M | $320.89M |
| Gross profit | $1.04B | $926.45M | $857.66M | $822.04M | $773.15M | $693.29M | $653.59M | $621.20M |
| Gross margin | 67.0% | 66.6% | 66.8% | 67.8% | 67.5% | 66.5% | 66.2% | 65.9% |
| Research and development | $567.48M | $534.94M | $511.04M | $494.03M | $492.00M | $472.40M | $492.49M | $442.44M |
| Selling, general and administrative | $732.21M | $717.67M | $664.78M | $657.48M | $621.43M | $668.14M | $547.77M | $544.22M |
| Operating expenses | $1.30B | $1.25B | $1.18B | $1.15B | $1.11B | $1.14B | $1.04B | $986.66M |
| Operating income | −$262.97M | −$326.15M | −$318.16M | −$329.47M | −$340.28M | −$447.26M | −$386.68M | −$365.46M |
| Operating margin | -17.0% | -23.4% | -24.8% | -27.2% | -29.7% | -42.9% | -39.2% | -38.8% |
| EBITDA | −$194.34M | −$258.55M | −$259.24M | −$271.60M | −$285.44M | −$398.45M | −$336.55M | −$318.41M |
| Interest income | $42.00M | $41.15M | $42.45M | $45.48M | $49.47M | $53.16M | $56.31M | $48.66M |
| Interest expense | −$2.08M | −$2.08M | −$2.08M | −$2.08M | −$2.07M | −$2.07M | −$2.07M | −$689.00K |
| Income before taxes | −$188.29M | −$296.66M | −$301.90M | −$287.92M | −$297.87M | −$424.22M | −$330.06M | −$325.97M |
| Income taxes | $3.43M | −$1.09M | $7.65M | $3.68M | $62.00K | $5.73M | −$4.33M | $1.94M |
| Net income | −$191.72M | −$295.57M | −$309.55M | −$291.60M | −$297.93M | −$429.95M | −$325.72M | −$327.90M |
| Net margin | -12.4% | -21.2% | -24.1% | -24.0% | -26.0% | -41.3% | -33.0% | -34.8% |
| EPS, basic | −$0.55 | −$0.86 | −$0.90 | −$0.87 | −$0.89 | −$1.29 | −$0.99 | −$0.98 |
| EPS, diluted | −$0.55 | −$0.86 | −$0.90 | −$0.87 | −$0.89 | −$1.29 | −$0.99 | −$0.98 |
| Diluted shares | 349.26M | 345.39M | 342.45M | 339.65M | 335.22M | 332.66M | 331.41M | 331.76M |
Figures describe Snowflake shares, not any token. As of Sep 4, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.