Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2026

Schedule of Segment Reporting Information, Including Significant Segment Expenses

The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):


	Fiscal Year Ended January 31,
	2026		2025		2024

Revenue	$	4,683,946	$	3,626,396	$	2,806,489
Cost of revenue and operating expenses:
Cost of product revenue(1)(2)	1,260,324		992,069		701,200
Cost of professional services and other revenue(2)	277,481		222,604		197,358
Sales and marketing(2)	2,062,137		1,672,092		1,391,747
Research and development(2)	1,969,472		1,783,379		1,287,949
General and administrative(2)	549,697		412,262		323,008
Interest income	(190,556)		(209,009)		(200,663)
Interest expense	8,298		2,759		—
Other (income) expense, net	59,003		35,339		(44,887)
Provision for (benefit from) income taxes	17,125		4,113		(11,233)
Net loss	$	(1,329,035)	$	(1,289,212)	$	(837,990)

________________

(1)Third-party cloud infrastructure expenses incurred in connection with customers’ use of the Snowflake platform and the deployment and maintenance of the platform on public clouds, including different regional deployments, represented approximately 71%, 65%, and 67% for the fiscal years ended January 31, 2026, 2025, and 2024, respectively.

(2)Personnel-related expenses, excluding stock-based compensation and associated payroll taxes, represented approximately 37%, 37%, and 38% of the Company’s total cost of revenue and operating expenses for the fiscal years ended January 31, 2026, 2025, and 2024, respectively. These expenses consist primarily of salaries, benefits, bonuses, and sales commissions and draws paid to the Company’s sales force, including amortization of deferred commissions, and associated payroll taxes. They also include salaries, benefits, and bonuses allocated as part of overhead costs. See Note 12, “Equity,” for details regarding the Company’s stock-based compensation.

Summary of Long-lived Assets by Geographic Areas

The following table presents the Company’s long-lived assets, comprising property and equipment, net and operating lease right-of-use assets, by geographic area (in thousands):


	January 31, 2026		January 31, 2025

United States	$	392,566	$	536,885
Other(1)	130,942		118,947
Total	$	523,508	$	655,832

________________

(1)No individual country outside of the United States accounted for more than 10% of the Company’s long-lived assets as of January 31, 2026 and 2025.

Snowflake Inc. 10-K