XML 39 R27.htm IDEA: XBRL DOCUMENT v3.25.3
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Oct. 31, 2025
Accounting Policies [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):

Three Months Ended October 31,Nine Months Ended October 31,
2025202420252024
Revenue
$1,212,909 $942,094 $3,399,952 $2,639,626 
Cost of revenue and operating expenses:
Cost of product revenue(1)(2)
320,810 263,622 908,402 718,861 
Cost of professional services and other revenue(2)
70,063 57,272 203,072 162,628 
Sales and marketing(2)
550,364 437,962 1,510,875 1,239,409 
Research and development(2)
494,027 442,435 1,458,434 1,290,889 
General and administrative(2)
107,118 106,260 436,175 297,171 
Interest income(45,481)(48,655)(148,111)(152,699)
Interest expense2,075 689 6,220 689 
Other expense, net
1,854 8,474 34,897 37,722 
Provision for income taxes
3,682 1,937 9,473 8,444 
Net loss$(291,603)$(327,902)$(1,019,485)$(963,488)
________________
(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 72% and 64% of cost of product revenue for the three months ended October 31, 2025 and 2024, respectively, and 70% and 65% of cost of product revenue for the nine months ended October 31, 2025 and 2024, respectively.
(2)Personnel-related expenses, excluding stock-based compensation and associated payroll taxes, represented approximately 38% and 37% of the Company’s total cost of revenue and operating expenses for the three months ended October 31, 2025 and 2024, respectively, and 37% of the Company’s total cost of revenue and operating expenses for each of the nine months ended October 31, 2025 and 2024. These expenses consist primarily of salaries, benefits, bonuses, sales commissions and draws paid to the Company’s sales force and certain referral fees paid to third parties, 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):
October 31, 2025January 31, 2025
United States$421,003 $536,885 
Other(1)
99,482 118,947 
Total$520,485 $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 October 31, 2025 and January 31, 2025.