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Snowflake | 10-Q: Q3 2025 Earnings Report

Snowflake | 10-Q: Q3 2025 Earnings Report

Snowflake | 10-Q:2025财年三季报
美股SEC公告 ·  2024/11/28 05:28

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Snowflake reported a 28% YoY increase in revenue for Q3 2024, reaching $942 million, driven by a 29% rise in product revenue. Despite this growth, the company recorded a net loss of $324 million, up from $214 million in the previous year, due to increased operating expenses. The net revenue retention rate stood at 127%, with 542 customers generating over $1 million in product revenue.Management highlighted the impact of macroeconomic conditions on customer spending and consumption patterns. Increased investments in R&D and marketing contributed to higher costs, with R&D expenses rising 33% YoY. The company continues to focus on expanding its AI Data Cloud and increasing platform adoption among existing customers, particularly large enterprises.Looking ahead, Snowflake anticipates fluctuations in revenue due to variable customer consumption and macroeconomic uncertainties. The company remains committed to investing in growth, including international expansion and enhancing its platform capabilities, while monitoring market conditions and customer behavior closely.
Snowflake reported a 28% YoY increase in revenue for Q3 2024, reaching $942 million, driven by a 29% rise in product revenue. Despite this growth, the company recorded a net loss of $324 million, up from $214 million in the previous year, due to increased operating expenses. The net revenue retention rate stood at 127%, with 542 customers generating over $1 million in product revenue.Management highlighted the impact of macroeconomic conditions on customer spending and consumption patterns. Increased investments in R&D and marketing contributed to higher costs, with R&D expenses rising 33% YoY. The company continues to focus on expanding its AI Data Cloud and increasing platform adoption among existing customers, particularly large enterprises.Looking ahead, Snowflake anticipates fluctuations in revenue due to variable customer consumption and macroeconomic uncertainties. The company remains committed to investing in growth, including international expansion and enhancing its platform capabilities, while monitoring market conditions and customer behavior closely.
Snowflake报告称,受产品收入增长29%的推动,2024年第三季度收入同比增长28%,达到9.42亿美元。尽管实现了这一增长,但由于运营费用增加,该公司的净亏损为3.24亿美元,高于去年的2.14亿美元。净收入留存率为127%,其中542名客户创造了超过100万美元的产品收入。管理层强调了宏观经济状况对客户支出和消费模式的影响。研发和营销投资的增加导致成本上升,研发费用同比增长33%。该公司继续专注于扩展其人工智能数据云并提高现有客户,尤其是大型企业的平台采用率。展望未来,Snowflake预计,由于客户消费的变化和宏观经济的不确定性,收入将出现波动。该公司仍然致力于投资增长,包括国际扩张和增强其平台能力,同时密切关注市场状况和客户行为。
Snowflake报告称,受产品收入增长29%的推动,2024年第三季度收入同比增长28%,达到9.42亿美元。尽管实现了这一增长,但由于运营费用增加,该公司的净亏损为3.24亿美元,高于去年的2.14亿美元。净收入留存率为127%,其中542名客户创造了超过100万美元的产品收入。管理层强调了宏观经济状况对客户支出和消费模式的影响。研发和营销投资的增加导致成本上升,研发费用同比增长33%。该公司继续专注于扩展其人工智能数据云并提高现有客户,尤其是大型企业的平台采用率。展望未来,Snowflake预计,由于客户消费的变化和宏观经济的不确定性,收入将出现波动。该公司仍然致力于投资增长,包括国际扩张和增强其平台能力,同时密切关注市场状况和客户行为。
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