secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001640147-24-000122
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snowflake Q1 product revenue $789.6M (+34% YoY); RPO $5.0B (+46%); TruEra acquisition
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- Product revenue $789.6M (+34% YoY); net revenue retention 128%; 485 customers with >$1M product revenue.
- Remaining performance obligations $5.0B (+46% YoY); 709 Forbes Global 2000 customers.
- GAAP operating loss $348.6M; non-GAAP operating income $36.2M (4% margin).
- Free cash flow $331.5M (40% margin); adjusted free cash flow $365.7M (44% margin).
- Announced intent to acquire technology assets and hire key employees from AI observability platform TruEra.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000164014724000122/0001640147-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000164014724000122/snow-20240522.htm
  HTML page:      https://secwatch.observer/filing/0001640147-24-000122

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