A class action lawsuit has been filed against Snowflake Inc. alleging securities fraud. The complaint claims that during the Class Period (June 27, 2023 - February 28, 2024), Snowflake made positive statements about its business while failing to disclose that product efficiency gains and pricing changes would materially impact consumption and revenues. The lawsuit also alleges the company denied rumors of CEO Frank Slootman's impending resignation.
Snowflake Inc. (SNOW)
Common Stock · Currency in USD · XNYS
Snowflake Inc Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflakes cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The companies data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.
Company Info
SIC7372
Composite FIGIBBG007DHGNJ4
CIK0001640147
IPOSep 16, 2020
Sectorservices-prepackaged software
Highlights
Market Cap$52.49B
EPS-$3.48
P/E Ratio-45.01
Revenue$4.72B
Gross Profit$3.29B
Net Income-$1.17B
Employees9,060
WSO345,700,000
Phone844-766-9355
Websitehttps://www.snowflake.com
Related Tickers
AMZN
Amazon.Com Inc
$209.78 0.00%
MSFT
Microsoft Corp
$373.40 0.00%
GOOGL
Alphabet Inc. Class A Common Stock
$295.85 0.00%
GOOG
Alphabet Inc. Class C Capital Stock
$294.50 0.00%
PLTR
Palantir Technologies Inc. Class A Common Stock
$148.48 0.00%
BRK.B
BERKSHIRE HATHAWAY Class B
$477.63 0.00%
CRWD
CrowdStrike Holdings, Inc. Class A Common Stock
$398.61 0.00%
BRK.A
Berkshire Hathaway Inc.
$715.94K 0.00%
DDOG
Datadog, Inc. Class A Common Stock
$120.49 0.00%
NVDA
Nvidia Corp
$176.70 0.00%
Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Snowflake Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Snowflake Inc. (SNOW) has returned -30.95% so far this year and 13.91% over the past 12 months. Looking at the last ten years, SNOW has achieved an annualized return of 33.48%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
SNOW
1M-8.34%
6M-36.82%
YTD-30.95%
1Y13.91%
5Y-8.58%
10Y33.48%
Benchmark (SPY)
1M-3.79%
6M-2.35%
YTD-4.36%
1Y25.24%
5Y10.20%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Snowflake Inc. (SNOW) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.37% | -14.55% | -8.14% | -1.33% | ||||||||
| 2025 | 15.61% | 0.53% | -18.21% | 7.50% | 22.14% | 8.80% | 2.10% | 10.08% | -3.61% | 22.78% | -9.54% | -11.94% |
| 2024 | 0.33% | -4.43% | -15.51% | -4.11% | -13.89% | -1.29% | -5.74% | -11.72% | 1.59% | 0.93% | 50.72% | -11.78% |
| 2023 | 6.80% | -2.65% | 0.05% | -3.08% | 11.62% | 9.73% | 0.97% | -10.49% | -3.37% | -4.69% | 29.17% | 7.42% |
| 2022 | -19.09% | -5.73% | -14.36% | -25.24% | -25.05% | 7.50% | 7.01% | 23.39% | -4.55% | -6.15% | -13.26% | -0.67% |
| 2021 | -4.54% | -5.66% | -14.86% | -1.43% | 2.47% | 0.96% | 10.52% | 14.40% | -0.63% | 17.43% | -3.87% | -1.53% |
| 2020 | 2.45% | -2.05% | 28.23% | -12.51% | ||||||||
| 2017 | 15.01% | 13.65% | 5.35% | -5.76% | 0.55% | 0.38% | 0.13% | |||||
| 2016 | 2.25% | 25.81% | 19.96% | 11.67% | 3.18% | 9.30% | 0.98% | 7.34% | 1.13% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Snowflake Inc. (SNOW) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of SNOW compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Snowflake Inc. volatility is 3.02%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 9.13B | 9.03B | 8.22B | 7.72B | 6.65B | 5.92B |
| Temporary Equity Attributable To Parent (USD) | - | - | - | - | - | - |
| Temporary Equity (USD) | - | - | - | - | - | - |
| Equity Attributable To Parent (USD) | 1.92B | 3.00B | 5.18B | 5.46B | 5.05B | 4.94B |
| Equity Attributable To Noncontrolling Interest (USD) | - | 6.71M | 10.29M | 12.18M | - | - |
| Equity (USD) | 1.92B | 3.01B | 5.19B | 5.47B | 5.05B | 4.94B |
| Noncurrent Liabilities (USD) | 2.79B | 2.73B | 301.56M | 260.19M | 203.56M | 196.00M |
| Other Current Liabilities (USD) | 3.97B | 2.94B | 2.47B | 1.85B | 1.28B | 721.17M |
| Wages (USD) | 304.62M | 194.63M | 205.06M | 123.17M | 98.92M | 62.45M |
| Accounts Payable (USD) | 145.56M | 169.77M | 51.72M | 23.67M | 13.44M | 5.65M |
| Current Liabilities (USD) | 4.42B | 3.30B | 2.73B | 1.99B | 1.40B | 789.26M |
| Liabilities (USD) | 7.21B | 6.03B | 3.03B | 2.25B | 1.60B | 985.27M |
| Other Non-current Assets (USD) | 2.89B | 2.59B | 2.61B | 2.39B | 1.91B | 1.54B |
| Intangible Assets (USD) | 246.92M | 278.03M | 331.41M | 186.01M | 37.14M | 16.09M |
| Fixed Assets (USD) | 248.61M | 296.39M | 247.46M | 160.82M | 105.08M | 68.97M |
| Noncurrent Assets (USD) | 3.39B | 3.16B | 3.18B | 2.74B | 2.05B | 1.62B |
| Current Assets (USD) | 5.74B | 5.87B | 5.04B | 4.98B | 4.60B | 4.30B |
| Assets (USD) | 9.13B | 9.03B | 8.22B | 7.72B | 6.65B | 5.92B |
News and Insights
The Schall Law Firm is seeking investors who purchased Snowflake Inc. securities between June 27, 2023 and February 28, 2024 to join a class action lawsuit alleging the company made false and misleading statements regarding tiered storage pricing, customer efficiency gains, and revenue projections. The lawsuit claims these misstatements caused investor losses when the truth was revealed to the market.
A federal securities class action has been filed against Snowflake Inc. for allegedly making false and misleading statements about product efficiency gains, Iceberg Tables, and tiered storage pricing that would negatively impact consumption and revenues. The lawsuit was triggered after Snowflake disclosed disappointing financial results on February 28, 2024, causing its stock to plunge 18.14%. Investors who purchased securities between June 27, 2023 and February 28, 2024 have until April 27, 2026 to seek lead plaintiff status.
Rosen Law Firm is soliciting investors who purchased securities of Snowflake Inc., REGENXBIO Inc., and Plug Power Inc. during specified class periods to join ongoing securities class action lawsuits. The lawsuits allege that these companies made misleading positive statements about their businesses while failing to disclose material negative information that subsequently impacted stock prices.
SNOW's Generic Risk Warnings Allegedly Failed to Disclose Known Headwinds — Levi & Korsinsky, LLPnegative
A securities class action has been filed against Snowflake Inc. for allegedly failing to disclose material consumption headwinds known to executives during June 2023 through February 2024. The complaint contends that while the company painted an optimistic picture of consumption trends, it omitted specific adverse facts including product efficiency gains reducing customer payments, tiered storage pricing impacts, and large customers' plans to adopt competing Iceberg Tables. Snowflake shares fell $41.72 (18.14%) following the disclosure. The lead plaintiff deadline is April 27, 2026.
Major tech companies made significant announcements this week: Netflix and Sony raised prices on streaming and gaming services; OpenAI warned of dependency risks on Microsoft; Arm Holdings entered chip production with its AGI CPU; Tesla reported strong delivery expectations; and various semiconductor and AI companies announced partnerships and expansions. Additionally, Snowflake laid off its documentation team in favor of AI-generated content, and a judge temporarily blocked efforts to sideline Anthropic.
A class action lawsuit has been filed against Snowflake Inc. alleging securities fraud. The complaint claims that during the Class Period (June 27, 2023 - February 28, 2024), Snowflake made positive statements about its business while failing to disclose that product efficiency gains and pricing changes would materially negatively impact consumption and revenues. The lawsuit also alleges the company denied rumors of CEO Frank Slootman's impending resignation.
A class action lawsuit has been filed against Snowflake, Inc. on behalf of investors who purchased securities between June 27, 2023 and February 8, 2024. The lawsuit alleges that Snowflake made false or misleading statements regarding the material negative impact of product efficiency gains, Iceberg Tables, and tiered storage pricing on consumption and revenues. Following Snowflake's February 28, 2024 announcement disclosing these revenue headwinds, the stock price fell more than 18%.
Why Braze Stock Surged Todayneutral
Braze stock surged 20.87% after reporting strong Q4 fiscal 2026 earnings with 28% year-over-year revenue growth to $205 million. The AI-powered customer engagement platform saw customer count expand 14% to 2,609, with high-value customers (ARR $500k+) climbing 35%. Management projects fiscal 2027 revenue of $884-889 million and adjusted operating income of $69-73 million, driven by new partnerships with Snowflake, Shopify, and The Trade Desk.
A class action lawsuit has been filed against Snowflake Inc. alleging securities fraud. The complaint claims that during the Class Period (June 27, 2023 - February 28, 2024), Snowflake made positive statements about its business while failing to disclose that product efficiency gains and pricing changes would materially harm consumption and revenues. The lawsuit also alleges the company denied rumors of CEO Frank Slootman's impending resignation.