secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001640147-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snowflake Q4 product rev $555M (+54% YoY); FY product rev $1.9B (+70%); $2B buyback authorized
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- Q4 product revenue $555.3M (+54% YoY); total revenue $589.0M (+53% YoY).
- Remaining performance obligations $3.7B (+38% YoY); net revenue retention rate 158%.
- 7,828 total customers; 330 customers with >$1M trailing 12-month product revenue.
- Full-year product revenue $1.9B (+70% YoY); non-GAAP adjusted FCF margin 25%.
- Board authorized $2.0B stock repurchase program; CEO reiterates $10B product revenue goal for FY2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000164014723000004/0001640147-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000164014723000004/snow-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001640147-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer