Net Loss per Share

12 Months Ended

Jan. 31, 2025

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):


	Fiscal Year Ended January 31,
		2025		2024		2023

Numerator:
Net loss		$	(1,289,212)	$	(837,990)	$	(797,526)
Less: net loss attributable to noncontrolling interest		(3,572)		(1,893)		(821)
Net loss attributable to Snowflake Inc. Class A common stockholders		$	(1,285,640)	$	(836,097)	$	(796,705)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted		332,707		328,001		318,730
Net loss per share attributable to Snowflake Inc. Class A common stockholders—basic and diluted		$	(3.86)	$	(2.55)	$	(2.50)

No Class B common stock was outstanding during any periods presented.

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):


	Fiscal Year Ended January 31,
	2025	2024	2023

RSUs	24,790	20,957	15,560
Stock options	21,653	27,369	35,854
Shares underlying the conversion option in the Notes	14,603	—	—
Unvested restricted common stock and early exercised stock options	821	671	446
ESPP Rights	569	284	265
Total	62,436	49,281	52,125

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.