secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001640147-23-000073
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000164014723000073/0001640147-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000164014723000073/snow-20230523.htm
  HTML page:      https://secwatch.observer/filing/0001640147-23-000073

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