secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001640147-24-000242
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snowflake Q3 product revenue $900.3M (+29% YoY); RPO $5.7B (+55% YoY)
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- Product revenue $900.3M, up 29% YoY; total revenue $942.1M, up 28%.
- Remaining performance obligations $5.7B, accelerating to 55% YoY growth.
- 542 customers with >$1M trailing 12-month product revenue (+25% YoY).
- GAAP operating loss ($365.5M) vs non-GAAP operating income $58.9M.
- Net revenue retention rate of 127%; 754 Forbes Global 2000 customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000164014724000242/0001640147-24-000242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000164014724000242/snow-20241120.htm
  HTML page:      https://secwatch.observer/filing/0001640147-24-000242

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