How Snowflake makes money

Period

FY2026

How does Snowflake make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Snowflake Inc. · FY2026 · year ended 2026-01-31

Revenue$4.7BNet loss$1.3B · 28%Cost of revenue$1.5B · 33%Gross profit$3.1B · 67%Operating expenses$4.6B · 98%Other income$121M · 3%R&D$2.0B · 42%SG&A$550M · 12%Selling & marketing$2.1B · 44%Product$4.5B · 95%Professional Services & Other$212M · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.