Investor Presentaiton
GAAP to Non-GAAP Reconciliations
Net Income (Loss) and Net Income (Loss) Attributable to Snowflake Inc.
Q3 FY22
$ 312,458
21,983
Q3 FY23
$ 522,752
34,276
Q4 FY23
$ 555,329
33,683
$ 334,441
$ 557,028
$ 589,012
Q1 FY24
$590,072
33,527
$ 623,599
Q2 FY24
$ 640,209
33,809
$ 674,018
Q3 FY24
$ 698,478
35,695
$ 734,173
FY21
$553,794
38,255
$ 592,049
FY22
$1,140,469
78,858
$ 1,219,327
FY23
$1,938,783
126,876
$ 2,065,659
Product revenue
Professional services and other revenue
Revenue
Net Income (Loss)
GAAP net loss
GAAP net loss as a % of revenue
Add: Stock-based compensation-related charges
Add: Amortization of acquired intangibles
Add: Expenses associated with acquisitions and strategic investments
Income tax expenses effect related to the above adjustments
Non-GAAP net income (loss)
Non-GAAP net income (loss) as a % of revenue
$(154,856)
(46)%
163,786
$(201,442)
(36)%
235,191
$(207,484)
(35)%
256,285
$(226,064)
(36)%
287,621
1,922
35
(56)
$ 10,831
4%
11,088
3,112
(9,501)
12,152
4,088
(16,635)
15,594
2,629
$(227,320)
(34)%
314,241
20,797
$(214,694)
(29)%
307,357
22,498
(25,631)
4,569
(31,947)
2,706
(28,136)
$(539,102)
(91)%
315,966
2,777
296
(3,258)
$(679,948)
(56)%
675,459
$(797,526)
(39)%
888,999
7,828
38,828
574
(1,827)
9,723
(50,072)
$ 38,448
7%
$ 48,406
8%
$ 54,149
9%
$ 80,340
12%
$ 89,731
12%
$(223,321)
(38)%
$ 2,086
0%
$ 89,952
4%
Net Income (Loss) Attributable to Snowflake Inc.
GAAP net loss attributable to Snowflake Inc.
$(154,856)
$(200,936)
GAAP net loss attributable to Snowflake Inc. as a % of revenue
(46)%
Add: Stock-based compensation-related charges
Add: Amortization of acquired intangibles
163,786
(36)%
235,191
$(207,169)
(35)%
256,285
$(225,627)
(36)%
287,621
1,922
11,088
Add: Expenses associated with acquisitions and strategic investments
Income tax expenses effect related to the above adjustments
35
(56)
3,112
(9,501)
12,152
4,088
(16,635)
15,594
2,629
(25,631)
$(226,867)
(34)%
314,241
20,797
4,569
(31,947)
$(214,251)
(29)%
307,357
22,498
2,706
(28,136)
$(539,102)
(91)%
315,966
$(679,948)
(56)%
675,459
$(796,705)
(39)%
888,999
2,777
296
(3,258)
7,828
574
(1,827)
38,828
9,723
(50,072)
Adjustments attributable to noncontrolling interest, net of tax
(375)
14
(60)
(50)
(64)
(361)
Non-GAAP net income (loss) attributable to Snowflake Inc.
$ 10,831
$ 38,579
$ 48,735
$ 54,526
$ 80,743
$ 90,110
$(223,321)
$ 2,086
$ 90,412
Non-GAAP net income (loss) attributable to Snowflake Inc. as a % of revenue
4%
7%
8%
9%
12%
12%
(38)%
0%
4%
Note: Fiscal year ends January 31. Numbers are in thousands, except percentages. Numbers are rounded for presentation purposes.
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