Net Loss per Share (Tables)

9 Months Ended

Oct. 31, 2024

Schedule of Basic and Diluted Net Loss per Share

The following table presents the calculation of basic and diluted net loss per share attributable to Snowflake Inc. Class A common stockholders (in thousands, except per share data):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

Numerator:
Net loss	$	(327,902)	$	(214,694)	$	(963,488)	$	(668,078)
Less: net loss attributable to noncontrolling interest	(3,623)		(443)		(5,322)		(1,333)
Net loss attributable to Snowflake Inc. Class A common stockholders	$	(324,279)	$	(214,251)	$	(958,166)	$	(666,745)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted	331,761		329,310		333,136		326,964
Net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted	$	(0.98)	$	(0.65)	$	(2.88)	$	(2.04)

Schedule of Potentially Dilutive Securities Excluded from Computation of Net Loss per Share

The following potentially dilutive securities were excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. Class A common stockholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands):


	Three and Nine Months Ended October 31,
	2024	2023


RSUs	26,703	19,866
Stock options	23,054	29,776

Shares underlying the conversion option in the Notes	14,604	—
ESPP Rights	589	130
Unvested restricted common stock	474	286
Total	65,424	50,058

The Company entered into the Capped Calls in connection with the Notes offering. The effect of the Capped Calls was also excluded from the calculation of diluted net loss per share attributable to Snowflake Inc. Class A common stockholders as the effect of the Capped Calls would have been anti-dilutive. The Capped Calls are generally expected to reduce the potential dilution to the Company’s Class A common stock upon any conversion of the relevant series of the Notes. See Note 10, “Convertible Senior Notes,” for further details.