---
schema_version: "secwatch.filing_event.v1"
accession: "0001640147-23-000073"
form_type: "8-K"
ticker: "SNOW"
cik: "0001640147"
company_name: "Snowflake Inc."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:02:02.735150+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Snowflake Q1 product revenue $590M (+50% YoY); appoints Steve Burke to board

## Summary
- Product revenue $590.1M, +50% YoY; total revenue $623.6M, +48% YoY.
- 373 customers with >$1M trailing product revenue; net revenue retention 151%.
- GAAP operating loss $273.2M (44% margin); adjusted free cash flow $286.9M.
- Remaining performance obligations $3.4B, up 31% YoY.
- Board: Steve Burke (ex-NBCUniversal CEO) appointed; John McMahon to step down July 5.

## SEC filing metadata
- accession: 0001640147-23-000073
- form_type: 8-K
- ticker: SNOW
- cik: 0001640147
- company_name: Snowflake Inc.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000073/0001640147-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000073/snow-20230523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640147-23-000073
- JSON: https://secwatch.observer/filing/0001640147-23-000073.json
- Plain text: https://secwatch.observer/filing/0001640147-23-000073.txt

## Key facts
- Earnings Releases
  Snowflake Inc. reported first quarter of fiscal 2024 results: revenue $623.6 million.
  - Period: first quarter of fiscal 2024
  - Revenue: $623.6 million
  - Result: reported results
  source text: Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its first quarter of fiscal 2024, ended April 30, 2023. Revenue for the quarter was $623.6 million, representing 48% year-over-year growth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000073/0001640147-23-000073-index.htm
- Executive change
  Stephen B. Burke was appointed as Director at Snowflake Inc..
  - Action: appointed
  - Role: Director
  source text: appointed Stephen B. Burke as a Class I director whose term will expire at the Company’s 2024 annual meeting of stockholders, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000073/0001640147-23-000073-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.